2 out of 5 Survey Respondents Hid Their Crypto Purchases – Bitcoin News

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2 out of 5 Survey Respondents Hid Their Crypto Purchases – Bitcoin News
Bybit


A recent survey study found that two-fifths of Americans in committed relationships admit to hiding cryptocurrency purchases from their partners. Crypto-cheating partners believe disclosure of purchases would damage their relationship.

Not disclosing the reason for the purchase

A roving survey study designed to determine the level of financial infidelity in the U.S. found that two-fifths of respondents concealed cryptocurrency purchases from their partners. According to the survey results, respondents who admitted to concealing their cryptocurrency purchases from their partners felt that disclosing such acquisitions would damage their relationships.

As noted in a blog post summarizing the findings, U.S. partners in loyal relationships typically do not disclose certain acquisitions because they believe such acquisitions are either insignificant or irrelevant to their partner’s business. “Parents are more likely to hide purchases from their partners than those without children,” the post noted. Embarrassment or fear of being judged are some other reasons Americans choose to hide certain purchases.

In addition to the hidden cryptocurrency purchases, the investigation found that the U.S. partners have not disclosed nine other secret acquisitions. These acquisitions range from adult toys and pornography to food and grocery delivery.

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US Financial Infidelity Report: Two in Five Survey Respondents Hide Their Crypto Purchases

consequences of lying

While respondents had their reasons for choosing to hide their purchases, the blog post warned that lying about money “could lead to mistrust, debt, arguments and relationship problems.” So, to minimise the risk of getting caught, Americans are said to employ different tactics to keep their secret purchases from being discovered.

One tactic apparently used by 38.9% of respondents to prevent partners from discovering secret purchases is opening secret credit cards. In other cases, respondents said they would ask delivery services to hide purchases. About 41.1 percent of men had asked delivery services to conceal their purchases, compared with 34 percent of women, according to the study.

On the other hand, one in three women stopped a driver before making a delivery, the survey found. Only one in four men admitted to doing the same.

According to the survey, the most effective way for Americans to hide their purchases is to clear their browsing history. About 45.7% of the respondents admitted to using this method. Special Delivery Requests are the next most effective method used by cheat partners.

What’s your take on this story? Let us know what you think in the comments section below.

Terence Chimwala

Terence Zimwara is an award-winning journalist, author and author from Zimbabwe. He has written extensively about the economic woes of some African countries and how digital currencies can provide an escape route for Africans.



Image credits: Shutterstock, Pixabay, Wiki Commons

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