According to a recent report, cryptocurrency users are increasingly managing their investments with multiple wallets, with usage rising by 16% from the previous year. The report by Reown and Nansen indicates that 62% of crypto users utilized at least two wallets over the last three months, a notable increase from 45% in 2024. Key concerns among users include security and user experience. The CEO of Trust Wallet, Eowyn Chen, highlighted the evolution of wallets from mere asset storage to comprehensive Web3 gateways encompassing digital identity and financial services. With the integration of AI, wallets may become more user-friendly, potentially mitigating risks associated with scams and phishing attacks. The survey also revealed user preferences for wallet types: 51% preferred mobile wallets, while hardware wallets gained traction, increasing from 7% to 10%. However, many users remain hesitant to adopt social wallets due to concerns over security and trust, suggesting a need for enhanced protective measures in this space.

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