Study Reports Many Americans Aware of Stakes Involved in Cryptocurrency

NordVPN – the choice of many and the finest VPN (a virtual private network) provider found out that seven in ten Americans have security concerns about digital currency transactions. This refers to 68% of participants being aware of the stakes associated with cryptocurrency. How Many Americans Are Aware of Cryptocurrency Risks? Users voiced concerns about the prospects of cryptocurrencies becoming the standard for online purchases, and a variety of other cryptocurrency concerns as well. Reports by the remaining three in ten were that 19% were unsure of what exactly to be concerned about. Data also reveals that 11% percent had no issues regarding the subject of cryptocurrency. The study conducted by NordVPN in the United States included 1000 respondents. Data revealed that 68% of the respondents were ‘consciously aware’ of the hazards involved with cryptocurrency. These risks include account takeovers; trading platforms, systems, & exchanges getting hacked; phishing emails, calls, or text messages informing change in funds; and forgery of coins or system fraud. The study also discovered that 69% of the population had a basic understanding of cryptocurrency and how it can be utilized. The rest of the population, around 32%, did not report any awareness of the risks involved. The Good News and The Bad News As the term ‘cryptocurrency’ is trending across the globe, people have begun to become more aware of cryptocurrency. The good...