Crypto Security Self-Audit 2022: Insight

23 Mar 2022

NGRAVEThe first end-to-end security solution to manage your crypto.

Published on

23 Mar 2022

Crypto Security Self-Audit 2022: Insight

How safe are the crypto holdings of retail investors?

Article Quick Links:
Over 2000 respondents: who are they?
Crypto Exchanges
Hardware Wallets
Last Words

In February 2022, NGRAVE surveyed over 2000 unique respondents from 87 countries. The purpose of NGRAVE is to help respondents assess their portfolio's current level of security and provide them with actionable steps to improve their overall level of security. Henceforth, we also get an in-depth overview of the security of today's retail crypto investors.

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Over 2000 respondents: who are they?

Our respondents mostly come from Europe and North America. More than 30% are from Belgium and France.

World map of survey respondents: over 2,000 from 87 countries, mostly Western Europe (57%) and North America (25%)

Almost half of the respondents hold less than $20k in their portfolio. One out of five investors holds more than $100k. The 80/20 rule is also a reality in the crypto retail market. 20% of investors hold over 80% of the wealth.

Bar chart: most respondents hold under $20K, but portfolios of $250K and up hold 62% of total wealth

Donut chart: 66% of respondents are mostly HODLers, 32% balance trading and holding, 2% mostly trade

"The behaviour of crypto investors remains stable compared to 2021. Given the nature of the survey, an overrepresentation of nontrader profiles was expected and confirmed."

Ruben Merre, NGRAVE CEO & Co-founder.

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Crypto Exchanges

The majority of the respondents have part of their crypto stored on an exchange, with almost all of them using a two-factor authentication (2FA) method.

Exchange stats: 76% keep crypto on an exchange, 92% use 2FA, 1 in 10 lack a 2FA backup, 4 in 10 put over 40% on one

Donut chart: 61% of respondents send a test transaction first, most of them also using an address whitelist

6 out of 10 crypto investors do a test transaction, 7 out of 10 white list adresses and over 4 out of 10 do both.

Hardware Wallets

7 out of 10 hardware wallet owners use a USB-based device.

Bar chart: 50% of respondents keep their full backup in one place; 20% split it, 15% lock their metal backup

Last Words

There are more insights worth taking a look at in the full infographic. Download the full infographic via the button below.

Download the Infographic

We will repeat this security self-audit at the beginning of next year. Follow us on social media via the links at the footer of this page so you never miss any security tips.

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NGRAVE

NGRAVE is a digital asset security company and the creator of the world’s most secure cryptocurrency wallet, NGRAVE ZERO. NGRAVE ZERO was developed in collaboration with a world-renowned team of cryptography and security experts.