80% of Crypto Users Feel the Need for Enhanced Security
Date: 2025-04-18 Author: Henry Casey Categories: CRYPTO PAYMENTS
A recent survey conducted by Ramp Network has found that security and trust issues are holding back the mass adoption of cryptocurrencies. Almost half of respondents (46.8%) acknowledged security as the main problem preventing them from starting to work with digital assets. Moreover, 80% of respondents said that having effective fraud protection tools would increase their confidence and encourage them to make their first transactions.
The biggest concerns are phishing attacks, fraudulent schemes, and the risk of losing money - especially for newbies who are just starting to understand the crypto ecosystem. One of the study participants admitted that he does not feel confident in the security of even the most popular platforms and just wants to be sure that his crypto wallet will not be hacked and personal data will remain confidential.
Interestingly, experienced users note other difficulties. Some 69.7% of intermediate and advanced participants said that their biggest barriers were clunky interfaces and difficult navigation. This suggests that even more experienced crypto traders face barriers that slow down their day-to-day use of digital currencies.
Interestingly, some users are willing to put up with high fees if it provides additional security. Many carefully research platforms before investing: they read reviews, analyze the operation of smart contracts, and also check how secure the applications are. This indicates an increase in awareness among users, even at the initial stages.
Ramp also highlighted that a significant number of users start with minimal investments. For example, 33% of respondents who later made several transactions initially entered an amount less than $100. This demonstrates caution and a gradual approach to trust.
A significant portion of investors choose hardware wallets, rejecting platforms that require the “know your customer” (KYC) procedure, preferring anonymity and control over their funds.
Overall, Ramp’s research emphasizes that in order for cryptocurrency to become truly widespread, it is necessary not only to improve technology, but also to develop trust – through convenient services and high security standards.
