(MENAFN- Egypt Daily News)
As cryptocurrencies become “the new normal,” Kaspersky conducted a survey to study consumer attitudes toward their use. 77% of respondents in the Middle East currently own cryptocurrencies and 66% said they know very well how to use them. The study also found that almost half (48%) of consumers believe that cryptocurrencies are the future of shopping and would be happy to use them as an everyday payment option.
Nearly half of respondents believe crypto payments will become a common option for online purchases (48%). Additionally, the majority (91%) are comfortable making online and offline purchases with cryptocurrencies in the future.
Consumers would like to use cryptocurrency to purchase items related to their passion, such as video games (65%) and in-game purchases or upgrades (46%), but 56% would also use it to purchase gaming equipment, such as specialty keyboards.
Respondents also mentioned that they would like to use cryptocurrencies to buy clothes (45%) and food (41%).
Regarding concerns and risks related to using cryptocurrencies, 55% of respondents mentioned volatility and scams. The perceived potential vulnerability has put off some buyers, with 18% unsure how to properly protect cryptocurrencies, making them less likely to use them.
“Our survey results show that users' understanding of cryptocurrencies has increased in recent years. Now more than half of respondents (66%) are sure they have a lot or a lot of knowledge about digital money. “We support the needs of the crypto community by adding special protection features to our comprehensive security solutions, such as Kaspersky Premium, so that our customers can work with cryptocurrencies without risking their money and personal data in cyberspace,” says Marina Titova, Vice President of Consumption. Product marketing at Kaspersky.
Kaspersky experts share some tips on using cryptocurrencies:
. Always check the address of a web wallet and do not follow links to an internet bank or web wallet.
. Before sending, check the recipient's address (at least check the first and last characters), the amount being sent, and the associated fee amount.
. Write a mnemonic phrase that will allow you to recover a crypto wallet if you lose it or forget your password.
. Stay calm and make informed decisions when investing in cryptocurrencies; Don't rush or panic.
. Always remember that investing in cryptocurrencies is very risky. Do not invest more than you are willing to lose at any time. Experts will always advise diversifying your investments.
. Use proven cryptocurrency hardware wallets.
. Run high-quality antivirus protection to protect the devices you use to access crypto wallets and trade on crypto exchanges.
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