Survey Shows 40% of US Crypto Owners Forget Their Password, 20% Write Passwor...
According to a recent study on crypto asset storage and passwords, a survey that polled over 1,000 digital currency owners shows 39.7% have forgotten their passwords. The study produced by cryptovantage.com indicates that users unable to recover their passwords lost an average of $2,134. Survey Polls 1,000 US Crypto Owners, Respondents Invest $7,245 on Average Since the inception of Bitcoin in 2009, a number of people have lost coins along the way and this has spread to the myriad of crypto assets in existence today. Just recently, researchers at cryptovantage.com published a study that....
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Out of 1,021 U.S.-based crypto owners, one-third have already fallen for a crypto scam via emails, websites and fake mobile apps. The importance of storage and passwords is best known by crypto enthusiasts who know how easy it is to lose access to their digital assets. A recent survey conducted by Cryptovantage named “Coin Storage Security: A closer look at crypto storage and passwords” aimed to identify investors’ sentiment toward the safekeeping of their crypto investments. Based on 1,021 United States-based cryptocurrency owners’ responses, most choose to store their digital investments....
It is always interesting to learn about the Bitcoin community with a good 'ole survey every few months, and this Spring is no different. Bitcoin in Ireland is producing this global survey and intends to get feedback from over one thousand Bitcoin owners over the next couple of months. We have the preliminary results of a sample of about one hundred and fifty respondents so far. Bitcoin survey reveals information that reflects recent events. The largest percentage of respondents were from the United States, one of the top 2 global markets for Bitcoin owners. The age profile of the responses....
It’s crucial to remember your seed phrase, which is a string of random words produced by your cryptocurrency wallet when you initially set it up. How to keep your seed phrase safeA crypto seed phrase in the wrong hands can do damage, so it is advisable to always ensure it is safe. The following are some tips for ensuring your seed phrase is secure.Never share your seed with anyone else: It’s extremely important that you never reveal your recovery phrase to anyone. Why? Because if someone else finds out your recovery phrase, they will be able to access — and therefore control — your crypto....
SatoshiLabs newly-announced TREZOR Password Manager will store and manage passwords securely and is available for public beta testing for all TREZOR hardware owners, the company announced on Medium. A Chrome extension is available. The new password manager uses advanced cryptography. A user can encrypt each password entry using their personal TREZOR device. The password manager automatically uploads the encrypted data to the user’s private cloud storage, where it is available as needed. No Master Password. TREZOR now addresses the most pressing flaw in password managers, the chance that....
Many in the Bitcoin community have expressed that the most compelling function they want the Bitcoin Foundation to focus its advocacy programs on in the next 12 months is; serving as a medium of exchange. According to the outcomes of a community survey released by the Foundation, 37% of the respondents choose to focus on Bitcoin as a medium of exchange - i.e. used to actually buy things - over its use as a store of value (18%), 10% who do not know and 36% that opted for other uses. Commenting on the survey, the Executive Director of The Bitcoin Foundation, Llew Claasen, told Cointelegraph:....