Home » Over 46% of Crypto Holders Store Their Bitcoin in Hardware Wallets

Over 46% of Crypto Holders Store Their Bitcoin in Hardware Wallets

Most crypto holders store the majority of their Bitcoin in hardware wallets and keep a backup of the private keys on a sheet of paper, according to recent survey posted to Reddit.
news - Over 46% of Crypto Holders Store Their Bitcoin in Hardware Wallets

Most crypto holders store the majority of their Bitcoin in hardware wallets and keep a backup of the private keys on a sheet of paper, according to recent survey posted to Reddit. 

The results of survey was posted by Reddit user gunnaj on April 30 as a part of his PhD thesis. The doctoral student asked 339 people five questions related to Bitcoin (BTC) security. 

news - Over 46% of Crypto Holders Store Their Bitcoin in Hardware Wallets

When participants were asked where they stored the majority of their BTC, nearly half — 158 people — said they used a hardware wallet such as those offered by Ledger, TREZOR, and BitLox. 

At the same time, 17% of respondents said that they store the majority of BTC in wallet applications on mobile devices, and 15% in desktop wallets. 

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Responding to a question on how they store their private keys,  88% of respondents said they have backup copies of keys, and 72% said they kept a paper backup. 20% of respondents store a copy of the backup keys on an external drive.

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