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HomeAltcoins68 percent of Americans are concerned about cryptocurrencies :Study

68 percent of Americans are concerned about cryptocurrencies :Study

According to the results of a recent NordVPN study, seven out of ten Americans, or 68% of study participants, were aware of the risks associated with cryptocurrency. The study also discovered that nearly all respondents (69%) “had some awareness of what cryptocurrency is.” Despite their knowledge of cryptocurrencies, the surveyed Americans voiced concern about these digital currencies “becoming the standard for online purchases.”

According to a breakdown of the risks identified in the survey, 59% of respondents were aware that trading platforms and exchanges could be hacked. Approximately 57% are aware of the possibility of account takeover, while 56% are aware of phishing emails or texts alerting them to a shift in funds that may be used by criminals.

Meanwhile, the report praised the observed high levels of crypto knowledge, stating that “the more information individual consumers have about cyber risks, the better equipped they’ll be to protect themselves.”

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Jeewan Singh
Jeewan Singh
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.


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