March 26, 2024
Symbiosis

PrivacyHQ surveyed over 1,000 individuals in the US who actively invest in and own NFTs to uncover how they are keeping their digital collectibles safe.

According to the findings recently published by the digital privacy knowledge base, nine out of 10 investors have experienced an NFT scam.

Favorite NFT wallets

While answering which NFT wallets they use, respondents also revealed how much they’ve invested in them, and how secure they feel each option is.

On average, the survey participants invested $623 in NFTs.

A list of most common NFT wallets: Showing the percentage using the wallet, the average sum invested, and the percentage believing the wallet is safe (Source: PrivacyHQ)

MetaMask surfaced as the first choice for people looking to store NFTs, as well as the only wallet used by more than half of the respondents (52.8%). 

However, Math Wallet, Trust Wallet, AlphaWallet, and Coinbase Wallet were not lagging that far behind– receiving an approval rating of between 49.9% and 46.8% each.

That said, Coinbase Wallet emerged as the front-runner in terms of total investment, with $675 invested in the wallet on average.

“A sense of security, however, was not a given with any of the wallets used. While MetaMask left users feeling more secure than any other wallet, only 63.8% of people felt their investments were safe there,” the study pointed out.

When asked which wallet types they prefer for managing their NFTs, respondents gravitated towards desktop wallets (75.5%). That…

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