60 per cent of under 35's prefer to invest online rather than in person
Younger people are more likely to invest in cryptocurrencies.
16% of 18-34 year olds hold cryptocurrencies compared to only 3% of over 55's.
And 60% of these under 35's prefer to invest online rather than in person or by phone.
A new Banking and Payments Federation survey also shows a fifth of consumers don't closely monitor the performance of their investments.
Its CEO Brian Hayes says younger people favour more modern approaches to investing their money.
"What we find when it comes to the younger cohort of people, there's a greater tendency for these to actually invest in things like cryptocurrency, bitcoin.
"Older people have a tendency to invest in more traditional investment."
He added, "Overall I think people are mostly conservative 78% of the survey findings show that people are understandable conservative, in trying to minimise the risk."
