Perception of Virtual Currencies in Slovakia

Virtual currencies have become an increasingly prominent feature of the modern financial system, yet their public perception and adoption remain insufficiently understood. This study examines the perception and use of virtual currencies in Slovakia. Its primary objective is to assess public awareness, attitudes, and patterns of use. Data were collected through a structured questionnaire covering knowledge, perception, and engagement with virtual currencies. The responses were analysed using graphical methods and statistical techniques, including the t-test and Pearson’s chi-square test of independence, which were also employed to test the proposed hypotheses. The findings indicate high levels of awareness among younger respondents, but also a limited understanding of the underlying technologies and broader potential of virtual currencies. The results further suggest that many individuals hold only one virtual currency, reflecting either insufficient information or uncertainty about these assets. On the basis of these findings, the study proposes measures to improve the current situation, including targeted educational initiatives, investment in research and development, wider practical applications, enhanced security and trust, and continuous monitoring of market trends. The study offers evidence-based insights into the Slovak context and may also inform policymakers, educators, and financial institutions seeking to promote informed and responsible engagement with virtual currencies.