Survey: Most Users Store Their Cryptos in Hardware Wallets
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4 May
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According to a survey conducted by a doctoral candidate, most crypto users store their assets in hardware wallets.

The results of the survey, which were published on Reddit on April 30 by user gunnaj, reveal the vast majority of users store their cryptocurrencies in hardware wallets and write down their private key, which grants access to the assets stored on the device, on a sheet of paper.

The study, which was conducted among 339 people, asked five questions to find out how crypto investors keep their assets safe.

According to the results, almost half (158 people) say they store their cryptocurrencies in hardware wallets such as Ledger, TREZOR and BitLox.

Regarding private keys, which give access to the funds stored in the wallet, 88% of the participants in the survey said they make a backup on a sheet of paper.

Investors have long tried to find out an answer to the question: How to keep cryptos away from hackers? Hackers always find a way to access users' funds, no matter how hard they try to protect them. Thus, it is pretty common to read news about hackers stealing funds stored in exchange accounts and online wallets.

As a result, hardware wallets, which store the users' cryptocurrencies offline, have become one of the favorite options for investors to keep their funds safe.

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