If you thought your regular wallet was just a place to put your cards and a few bills, prepare to be shocked. In the crypto world, wallets are no longer just storing money, they’re… well, let’s be honest, they’re practically your personal digital superheroes. Here’s what Cointelegraph writes in its latest report — wallets are becoming not just storage for assets, but also a gateway to the Web3 world, where anyone can own a digital identity, play games, and invest in unimaginable projects.
According to a report from Reown and Nansen, 62% of crypto users already use at least two wallets! And this is not some exotic figure for the “heavily involved in crypto” - it’s just a fact of life. Why? Because we all live in the era of fragmented blockchains. Each crypto network requires its own wallet, like a digital version of your clothes, tailored to each individual event. It’s reminiscent of the days when you had to carry different loyalty cards, and now you have the same cards, but on the blockchain level.
Not bad, huh? That is, those who decide to make do with just a wallet will likely soon use it the same way you use your old but trusty gym membership: “Never used, but we keep it anyway.”
Security: Oh yes, security is important!
But here’s the important thing: security. 18% of users said their main concern with cryptocurrency is security. And you thought only your bank account could be hacked? Wrong! In the crypto world, scammers have long won their laurels. For example, one guy lost $330 million in Bitcoin due to social attacks on his wallet. Um… excuse me, but if someone comes to your house and says “Please just transfer all the money to my wallet”, maybe you should be a little wary?
But don’t worry! Crypto gurus like Trust Wallet’s Eowyn Chen are confident that we’ll all soon forget what phishing even looks like, thanks to new artificial intelligence that will monitor our activities like you found your best security assistant. Soon, AI will not only predict the weather, but also track your personal crypto activity, like a parent constantly checking to see if their child is leaving the house.
Social Wallets: Login with Facebook and Become a Web3 God
But let’s not forget the fun part: social wallets. This is where the revolution really begins. 39% of respondents agreed that if social wallets were safer and easier to use, they would happily sign up for one. These are wallets that connect via your email or social media. Yes, you heard that right. Instead of memorizing a bunch of seed phrases or stressing out over terms like “gas tokens,” you simply log into Web3 via your Instagram or Facebook accounts. Easy as walking into a zoo, right?
So if you don’t want to remember your wallet, don’t worry. Soon, everyone will have their own crypto account — almost like a browser tab, only with millions of dollars in assets that even your mom wouldn’t understand. Think about the future: a social wallet is your new best friend, not a weird computing tool.
Summing Up: Crypto Goes Mass
So, what do we have here? We are not just talking about money and blockchains, we are talking about a revolution. A couple of years ago, cryptocurrency was nothing more than a quirky hobby for those who could afford to spend a few hours understanding the intricacies of security. Today, crypto wallets are not just tools for storing assets, they are personal assistants that predict your needs and protect you from fraudsters, like good security guards.
Mobile wallets are still popular (51% of users), although they are losing some popularity. But here’s the interesting thing: hardware wallets — which are seemingly just physical devices for storing crypto — are gaining popularity. Almost 10% of respondents prefer them, although most newbies still prefer the ease of mobile versions.
