Yigit Taha OZTURK 
Security concerns remain the biggest barrier to mainstream adoption of cryptocurrency payments. A survey of 4,599 users conducted by Bitget Wallet found that 37% of respondents see security risks as the main obstacle to crypto payments.
However, 46% of users stated that they prefer crypto payments over fiat due to their speed and efficiency.
Bitget Wallet Strengthens Security Measures
Bitget Wallet has implemented multi-layered security measures to boost confidence in crypto payments. MEV protection is now enabled by default on major chains like Ethereum, BNB Chain, and Solana, preventing front-running and sandwich attacks.
Additionally, the GetShield engine actively scans smart contracts, DApps, and URLs to detect malicious activity before users sign transactions.
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To further ensure asset security, Bitget Wallet has established a $300 million user protection fund to cover losses due to platform-level issues.
Emerging Crypto Scams Threaten Security
New crypto scams, such as wallet poisoning, have become a major security concern. Scammers trick victims into sending funds to fraudulent wallet addresses, leading to over $1.2 million in stolen funds in the first three weeks of March.
Survey findings also indicate:
- Gen X users are most concerned about security, while
- Gen Z users prioritize ease of use and lower transaction costs.
Africa and Southeast Asia Lead Crypto Payment Adoption
Bitget Wallet’s report found that Africa and Southeast Asia are the most crypto-friendly regions.
- 52% of African respondents and
- 51% of Southeast Asian respondents showed interest in using crypto for payments.
High remittance costs and limited banking access are key drivers of crypto adoption in these regions.
Bitget Wallet facilitates access to crypto payments by offering non-custodial wallets that do not require traditional bank accounts. With support for 130+ blockchains and stablecoins, users can send and receive digital assets globally while maintaining purchasing power.
Crypto Payments Surge in Latin America
In Latin America, high remittance fees drive users toward crypto payments. As of 2024, bank-based remittance fees averaged 7.34%, making crypto a cost-effective alternative.
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