We surveyed 900 crypto users. Here's what they actually do with their wallets.
● 54% use an external wallet as their primary, not the one their platform gave them.
● 1 in 3 already had a wallet before joining a new platform. MetaMask, Ledger, Trust Wallet, they came with one and didn't want to give it up.
● Nearly 1 in 4 use both, switching between an external wallet and a platform wallet depending on what they're doing that day.
● People aren't neatly divided into "self-custody users" and "custodial wallet users." They move between both. They want flexibility, not a platform deciding custody on their behalf.