361
Real User Views
6
Question about Hardware Wallets
4 Sources
Twitter, Facbook, Reddit, and Binance Feed
Why USE Hardware Wallet
Q1: Primary Reason for Using a Hardware Wallet
The results showed that 61.5% of the users preferred hardware wallets for the security of their cryptocurrencies. The second most common reason was long-term investment storage, which was the choice of 24.9% of the users.
Only a few users, 7.2%, used hardware wallets for daily transactions. The least frequent reason was following a friend or expert’s recommendation, which was the answer of 6.4% of the users.
61.5% or 222 Users
Security of cryptocurrencies
24.9%
Long-term investment storage
How frequently do you use hardware wallets?
Q2: Frequency of Hardware Wallet Use
The survey reveals that only 11.1% use their hardware wallet daily.
The majority (69.5%) use it monthly or less than once a month, which suggests that hardware wallets are seen more as a long-term storage solution rather than for daily transactions.
36%
Less than once a month
33.5%
Monthly
Q3: Important Features in Hardware Wallet
Security features like PIN codes and passphrases are the most valued, with 58.7% of users prioritizing them.
This is followed by the support for multiple cryptocurrencies, which 22.7% of users find important, showing that people like to diversify their digital assets.
Ease of use, portability, and price also play a role but are less critical compared to security and support for various currencies.
59.7% or 212 Users
Security features (e.g., PIN code, passphrase)
22.7%
Support for multiple cryptocurrencies
$ Willing to Spend
Q4: How much do you Spend on a Crypto Cold Wallet?
According to a survey of 361 users, the majority of them (47.4%) are willing to spend between $50 and $100 on a hardware wallet, followed by 29.9% who are willing to spend between $100 and $150.
Only 6.1% of the users are willing to spend under $50, while 16.6% are willing to spend over $150 on a hardware wallet.
Real-Time Updates
Q5: Improvements desired in future hardware wallets
The most common improvement that users want in future hardware wallets is better security features, which was chosen by 41.3% of the respondents. The second most popular option was support for more cryptocurrencies, with 31.6% of the votes.
Other desired improvements were lower price (9.7%), better user interface (13.3%), and more durable design (4.1%). These results show that users value the security and versatility of their hardware wallets above other factors.
Cold Storage
Q6: Total value stored on a hardware Wallet
The majority of users (42.1%) have a total value of $1,000 to $10,000 stored on their hardware wallets, followed by 34.6% who have $10,001 to $50,000.
Only 8.3% of the users have less than $1,000, while 15% have more than $50,000 stored on their hardware wallets.
42.1%
Around $10,000
34.6%
Between $10,000-$50,000
