Banked individuals have access to traditional financial services, such as banks and credit unions. They can easily use these institutions for banking, credit, investments, and other financial needs.

In cryptocurrency, banked users often have more resources and knowledge to navigate trading and investing, with established financial backing. Unbanked individuals, on the other hand, lack access to these traditional financial services.

This group might rely on cash transactions, informal lending, or other methods to handle finances. In the context of cryptocurrencies, unbanked users can benefit significantly. They can engage in financial activities like trading or saving without needing a bank account, using only a smartphone or internet connection. Cryptocurrency presents a unique opportunity for both groups. For the banked, it’s a way to diversify assets or access new investment opportunities.

For the unbanked, it can serve as a pathway to financial inclusion, enabling participation in the economy without traditional banking constraints.