Blockchain.com Review
Blockchain.com offers a complete set of services to get you involved in the crypto industry, from a web wallet to a full exchange. This is a web wallet that you can access from anywhere as long as you have a browser. The company behind the wallet is based in Luxembourg, with 4 offices and an amazing team of over 100 members from all over the world. Blockchain.com is backed by some of the biggest names in the tech industry like Google Ventures (GV) and Virgin.
What type of wallet is the Blockchain.com wallet?
The Blockchain wallet is a web wallet, which means that you need to log in through a dedicated website or mobile application to access your funds. When you register, you will be given a unique login ID that will be used each time you want to log into your wallet via a web browser. When you create it, you will also be asked to write down a 12-word seed that you can use to restore your wallet if you lose access to it.
Which cryptocurrencies can I store on the Blockchain.com wallet?
In the blockchain wallet, you can store 7 cryptocurrencies.
- Bitcoin (BTC)
- Ethereum (ETH)
- Bitcoin Cash (BCH)
- Stellar (XLM)
- Algorand (ALGO)
- USD Digital (USD-D)
- Tether (USDT)
You can also deposit and withdraw EUR directly in the wallet. This is one of the advantages of this wallet as It offers storage of fiat currencies besides cryptocurrencies.
Buying and selling crypto can be done directly from the wallet because an internal exchange is built directly into the wallet. Depending on your location, the wallet allows deposits and withdrawals of Euro, US Dollar, British Pound, and Turkish Lira through Wire deposits. Cryptocurrencies can also be purchased with debit credit cards directly in the wallet.
Visit Blockchain.com Wallet
User Experience
This is one of the wallets that has a good UI experience thus being suitable for daily use. On the dashboard, the first thing that you will see is your personal balance with a price indicator on the right. By clicking on an asset icon you will be redirected to the transaction history page where you will be able to see all of your past transactions.
By clicking Send you will see a pop-up window where you can input the desired address and amount that you want to send. Overall the design of the wallet is nothing new, it is not complicated and it is easy to spot everything. You can get to the desired page in a quick manner, receive and send cryptocurrencies in a matter of seconds.
Mobile UI
The design of the mobile user interface follows the same color scheme as the desktop version of the wallet. Both versions are connected, which means that you can import your wallet into the mobile version and control everything through the app. The mobile app is available through the App Store as well as through Google Play. Navigating through the menu of the mobile app is quick and easy. With older phone models, there are some minor problems, such as the continuous loading time when you want to access the transaction history page. Overall, the app is very stable and lightweight, with a good user-friendly design that makes it comfortable to use even for older people who are not as tech-savvy as most users in the crypto space.
Visit Blockchain.com Wallet
What Advanced Features does the wallet have?
The Blockchain wallet provides additional services that form a package of useful tools to support the crypto adventure.
Swap
One of the nice features is that you can exchange crypto for crypto internally without wasting time on other exchanges. You can exchange between Bitcoin, Ethereum, Bitcoin Cash, USD-D, Stellar and Tether.
Earn Interest
You can earn yearly interest on Bitcoin, Ethereum, Tether and USD-D. The interest varies depending on the staked cryptocurrency.
- Bitcoin – 6% per year
- Ethereum – 5% per year
- Tether – 12% per year
- USD-D – 12% per year
Note that there are 7 days of restriction for withdrawal after you deposit in order to earn interest.
Borrow
Blockchain.com also offers the possibility to lend USD-D with crypto as collateral. The cryptocurrencies that can be used as collateral are BTC, ETH, BCH, Stellar, USD-D, and Tether. Note that your account must be Gold level in order to access this service.
Pro Exchange
Blockchain.com also has a dedicated spot exchange that offers over 20+ crypto pairs for trading. The exchange is indirectly connected to the wallet from which you can transfer funds and trade in a matter of minutes. The deposit and withdrawal of funds from the exchange to the wallet and vice-versa are seamless which adds a whole other level of controlling your capital.
Airdrops
From time to time blockchain.com wallet offers airdrops which are basically free money, to advertise, attract new users and promote adoption through incentives.
Conclusion
Blockchain.com wallet is a web wallet that is full of features that cannot be found on many of the competitors. Storage, transacting, earning interest, and borrowing all in one place is one hell of a proposition. The user experience is on a high level with the overall high stability of its applications with stability problems occurring only on older phone models. Nevertheless, the blockchain.com wallet provides a high-quality solution for non-custodial storing of your cryptocurrencies.
Blockchain.com wallet is a web wallet providing a secure place to store a limited number of cryptocurrencies.