Trusted

Financial Infidelity: Hiding Crypto Purchases is the New Cheating

2 mins
Updated by Nicole Buckler
Join our Trading Community on Telegram

Financial Infidelity: Couples are hiding purchases from each other. This especially applies to cryptocurrency buys.

The delivery driver comes to the door… but you didn’t order a package. And then your partner swoops in, like a sweaty eagle, to intercept the package. They pant about it being for work or something, and off they go, acting like they didn’t just buy $5000 worth of XVG Verge and a bag of toys.

Seeing as it isn’t your birthday any time soon, you can safely assume the package is not a fabulous new air fryer that will make your 2-day old pizza in the fridge seem new again.

Nope, your partner is taking part in some financial infidelity.

Crypto cheaters everywhere

Delivery software company Circuit conducted a survey asking people about their spending habits.

The key findings are interesting, particularly when it comes to spending on crypto.

-50% surveyed said that their partner would disapprove of them purchasing crypto

-2 out of 5 people hid cryptocurrency purchases, saying it would damage their relationship

-Crypto is in the top 10 ten list of hidden purchases.

financial infidelity with crypto

Financial Infidelity: Other relationship cheats

58% of people in a relationship had gone on to buy something after their partner expressed disapproval.

Nearly 40% of people in a relationship have a secret credit card that their partner doesn’t know about.

A third purchased things by stealth, because they feared judgment from their lover.

Secret spenders

The study in question revealed that almost 8 out of 10 of people surveyed have hidden a purchase from a partner. The worse offenders are parents (82.9%). People with kids were way naughtier than lovers without kids (68.9%).

Secret spenders were less happy in their relationships, compared to the couples who didn’t have secrets.

4 out of 5 people who were unhappy in their relationship hid purchases from their partner. This compares to compared to 2 in 5 of those who were happy.

Stealth spending also was a factor in breakups: 90% of those who recently split with their partners, had hidden purchases from their former flames.

financial infidelity with crypto

Financial infidelity: Private deliveries

Men were more likely to think spending was none of their partner’s business.

Hiding deliveries became harder when the pandemic triggered lockdowns. 38% of stealth spenders used  special delivery requests, and 25%  intercepted their delivery driver.

22% percent of people chose to divert deliveries away from their home or workplace.

Got something to say about lovers and financial infidelity or anything else? Write to us or join the discussion in our Telegram channel. You can also catch us on Tik Tok, Facebook, or Twitter.

🎄Best crypto platforms in Europe | December 2024
eToro eToro Explore
Coinrule Coinrule Explore
Uphold Uphold Explore
Coinbase Coinbase Explore
3Commas 3Commas Explore
🎄Best crypto platforms in Europe | December 2024
eToro eToro Explore
Coinrule Coinrule Explore
Uphold Uphold Explore
Coinbase Coinbase Explore
3Commas 3Commas Explore
🎄Best crypto platforms in Europe | December 2024

Disclaimer

Following the Trust Project guidelines, this feature article presents opinions and perspectives from industry experts or individuals. BeInCrypto is dedicated to transparent reporting, but the views expressed in this article do not necessarily reflect those of BeInCrypto or its staff. Readers should verify information independently and consult with a professional before making decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

Nicole-Buckler.png
Nicole Buckler
Nicole Buckler has been working as an editor and journalist for over 25 years, writing from Sydney, Melbourne, Taipei, London, and Dublin. She now writes from the Gold Coast in Australia. Nicole first bought Bitcoin in 2013 not really understanding what she was doing. She is an accidental HoDLer. Got a story on the culture side of crypto? Email [email protected]
READ FULL BIO
Sponsored
Sponsored