Cryptocurrency hardware wallet manufacturer Ngrave released the initial results of its ongoing crypto security survey on Jan. 13.
The results give a number of insights into the current state of security in the digital asset space and show that a full quarter of users perceive their current security measures to be more effective than they actually are.
The survey has so far been completed by over 1,400 crypto users from 78 countries around the world. Despite efforts to push for inclusion in the space, 90% of respondents were male and over 60% fell within the 25–45 age bracket.
Of those surveyed, 62% held at least some of their cryptocurrency on an exchange, with one in three holding over 40% of their assets on a single exchange.
The vast majority (96%) of those holding assets on exchanges use some form of two-factor authentication, or 2FA. However, one in four do not make a backup of their 2FA code.
Additionally, almost half