Updated: 16 march 2023
9 minutes

What is Blockchain.com Wallet?

what is blockchain.com wallet

Blockchain.com Wallet (formerly Blockchain.info) is a crypto-currency financial services company founded in 2011 by Ben Reeves. It is a wallet that offers high-level security as well as ease of use to crypto-currency users.

The company started out as the first Bitcoin blockchain explorer before creating a crypto-currency wallet (Blockchain Wallet) that accounted for 28% of Bitcoin transactions between 2012 and 2020.

Indeed, the Blockchain.com wallet has seen remarkable growth since its inception. From 2013 to 2014, the number of Blockchain users rose from 100,000 in early 2013 to 1.5 million in April 2014. There were over 86 million Blockchain.com wallets by October 2023.

As a private company, Blockchain com Wallet has raised funds from several investors, including Lightspeed Venture Partners and Mosaic Ventures. The company raised a total of $190 million in venture capital funding between 2012 and February 2021.

In March 2021, it raised an additional investment of $300 million. Based on the fundraising, the company was valued at $5.2 billion.

Blockchain Wallet began selling cryptocurrency-related services to institutions in 2018. In addition, the company launched its crypto-currency exchange in July 2019, claiming to be faster than its competitors. The service offers lending activities as well as data, charts and analytics to institutional markets.

What kind of wallet is Blockchain Wallet?

Blockchain crypto Wallet is a hot wallet, i.e. an online crypto-currency wallet connected to the Internet. It enables users to store, exchange and manage their digital assets, such as Bitcoin, Ethereum, Stellar, Tether and Paxos Standard.

Hot wallets have the advantage of ease of use and rapid access to funds. They also offer users the ability to carry out transactions directly from their wallets, without having to go through an exchange or other service.

In addition, most hot wallets now offer services for buying tokens, exchanging tokens, storing NFTs and so on.

However, a hot wallet can be easily hacked if not properly secured and protected.

For this reason, it is better suited to storing small quantities of cryptocurrencies for everyday use rather than large quantities. It’s also worth noting that Blockchain.com Wallet is an online desktop wallet and also has a dedicated mobile app.

Please note that there are also two other classifications of crypto-currency wallets: cold wallets and custodial wallets.

Blockchain cold wallets are wallets that store your crypto-currencies offline. They are considered the most secure of all wallet types. The Ledger wallet falls into this category.

Custodial wallets are crypto-currency wallets that allow users to store their tokens on an intermediary exchange or trading platform managed by a third party, meaning that users do not have full control over their funds and private keys. The Binance and Coinspot exchanges fall into this category. You can also see our detailed review of the best crypto platforms.

Binance

  • Low fees
  • One of the largest crypto exchanges
  • Fee discount for using native BNB

What cryptos can be stored on Blockchain.com Wallet?

crypto on blockchain.com

Blockchain.com Wallet is a crypto-currency storage platform that supports a large number of ERC-20 tokens, as well as other popular projects.

Here are the top 10 crypto-currencies that can be stored on Blockchain.com Wallet, along with a brief description of each:

  • Bitcoin (BTC): The first and most popular crypto-currency. Bitcoin is accepted by many merchants worldwide.
  • Ethereum (ETH): The native crypto-currency of the Ethereum blockchain. It is used to execute smart contracts and decentralized applications.
  • Bitcoin Cash (BCH): A fork of Bitcoin that focuses on fast, low-cost payments.
  • Stellar lumens (XLM): A global payment network that enables fast, low-cost cross-border transactions.
  • Tether USD (USDT): A stable crypto-currency backed by the US dollar.
  • USD Coin (USDC): Another stable crypto-currency backed by the US dollar, which is backed by several major corporations.
  • Litecoin (LTC): A crypto-currency similar to Bitcoin, but offering faster transaction times and lower transaction fees.
  • Cardano (ADA): A third-generation blockchain that uses an innovative consensus mechanism called Proof of Stake (PoS) to process transactions.
  • Chainlink (LINK): A protocol that enables smart contracts to connect to external data sources, such as market or weather information.
  • Uniswap (UNI): A decentralized exchange platform (DEX) that enables users to trade ERC-20 tokens without intermediaries.

Please note that this list is subject to change, as Blockchain.com Wallet may add or remove supported crypto-currencies depending on market conditions.

In which countries is Blockchain.com Wallet available?

Blockchain Wallet is currently available in over 100 countries worldwide for buying and selling cryptocurrencies.

Users in these countries can also withdraw fiat currency to their bank account if they are located in a region where bank transfers are supported.

Below is a non-exhaustive list of countries where Blockchain Hardware Wallet is available:

  • United States
  • United Kingdom
  • France
  • Germany
  • Spain
  • Italy
  • Canada
  • Australia
  • India
  • Japan
  • Singapore
  • Philippines
  • Russia
  • Brazil

In addition, Blockchain.com Wallet is available in many other countries, including Europe, Asia, South and Central America, and parts of Africa. The full list of countries where Blockchain.com Wallet is available can be found on their official website.

Accepted payment methods vary by country and may include bank transfers, credit/debit cards and other local payment options.

Is Blockchain.com Wallet compatible with other hardware wallets?

Blockchain.com is one of the most reputable and secure online crypto-currency wallets.

However, it’s important to note that software wallets may not offer the same level of security as hardware wallets.

That’s why, in conjunction with Ledger, Blockchain.com Wallet has launched its own crypto asset wallet called Lockbox. The latter is a wallet that allows its users to store their private keys offline, offering additional protection to their crypto-currencies.

However, if you already have a hardware wallet like the Ledger Nano S, you can use it with your Blockchain.com online wallet without having to buy a Lockbox device separately.

This integration between the Ledger Nano S and the Blockchain.com online wallet offers users the best of both worlds: the convenience and ease of use of an online wallet combined with the added security of a hardware wallet.

It’s important to note that compatibility between different wallets may vary depending on the type of crypto-currency you wish to store. Some crypto-currencies may not be compatible with all wallets, so it’s important to check compatibility before transferring your funds.

Features available on the Blockchain.com Wallet

features on blockchain.com

Blockchain.com Wallet offers several features and services, including wallet, exchange, margin trading, spot trading, staking and a crypto-currency wallet. In this section, we’ll explore each of these features in detail and explain how they work.

Wallet

The Blockchain.com Wallet allows users to buy, sell and trade crypto-currencies easily and quickly. To do so, they need to download the Blockchain Wallet app from the Playstore or Appstore.

However, users need to verify their identity and add a payment method, such as a debit card or bank account. Once this is done, they can buy Bitcoin, Ethereum and other digital assets in a matter of minutes.

Exchange

exchange blockchain.com

Blockchain.com offers the Exchange function. This is a fast and secure platform for exchanging cryptocurrencies.

It is endorsed by millions of users and offers low fees, fast transactions and a professional trading experience.

In fact, the Blockchain.com Exchange platform allows users to buy and sell crypto-currencies in just microseconds and provides real-time market prices.

It supports over 90 exchange pairs, including BTC, ETH, stablecoins, and more. The more transactions users make, the lower the fees, giving them an edge.

Margin trading

Margin Trading is an advanced service offered by Blockchain.com Exchange that enables users to trade assets they don’t own using collateral.

This service is particularly useful during periods of high volatility, when investors want to continue trading while protecting their portfolios. Blockchain.com Exchange applies a relatively low margin trading fee of 0.02% every four hours.

Spot Trading

Spot trading is the traditional trading mechanism by which investors buy and sell assets to build their portfolios. Unlike margin trading, spot trading on Blockchain.com Exchange requires traders to have the necessary capital to execute a transaction.

The platform also supports automated spot trading, which is triggered automatically when an asset reaches a certain price. Blockchain.com Exchange has a flexible fee structure for spot trading that takes user volume into account: the more a trader uses spot trading and increases his trading volume, the lower the fees charged by the platform.

Staking and rewards

The Blockchain.com Wallet enables traders to stake funds from their portfolios and earn passive income in the form of interest.

The staking and Rewards feature offers traders a way to maximize their returns without exposing their portfolio assets to risk. With weekly, monthly or annual staking, traders can earn up to 10% of the value of their staked assets on an annual basis.

What are the fees for Blockchain.com Wallet?

Blockchain.com is a popular cryptocurrency platform that offers a variety of services. However, as with most cryptocurrency platforms, users face fees for using the various services.

Deposit and withdrawal fees

When it comes to deposit and withdrawal fees, Blockchain.com doesn’t charge any fees for cryptocurrency deposits.

However, a processing fee is charged for all cryptocurrency withdrawals. These fees vary according to market conditions and are therefore subject to regular change. Users are therefore advised to check processing fees before confirming their transactions.

Transaction fees

When it comes to swap orders, users may notice that exchange rates can change depending on when their transaction is carried out. This is due to the constant fluctuations of the cryptocurrency markets, which are open 24/7.

Blockchain.com’s exchange rates are updated in real time and are therefore subject to change. Swap orders are executed at the exchange rate in effect at the time the transaction is blocked.

Is Blockchain.com a secure wallet?

Blockchain com Wallet is one of the world’s most popular crypto-currency wallets, and many users wonder if their money is safe. The answer is yes, and here’s why:

Secure storage

95% of funds are stored in offline cold wallets, meaning they’re not connected to the Internet. Funds on cold wallets are also distributed in facilities recognized worldwide for their physical security.

Multi-signature validation

No one can unilaterally access your funds, not even the CEO or Satoshi Nakamoto! This is made possible by multi-signature validation, which requires several signatures to complete a transaction.

AES-256 encryption

The wallet and exchange support AES-256 encryption, an encryption standard recognized for its robustness and security.

Secure private keys

Private keys do not leave the hardware security modules where funds are stored, which is a cryptographic best practice. What’s more, Blockchain.com stores the private keys of deposited funds in FIPS 140-2-certified devices.

Confidentiality and trust

Blockchain.com complies with AML and KYC regulations worldwide and is registered in the US, UK, EU and MENA. All personally identifiable information is stored on Google Cloud Platform, secured by best-in-class digital security.

Certifications and attestations

Blockchain.com is ISO 27001 certified, PCI DSS compliant, and CryptoCurrency Security Standard (CCSS) level 3 compliant. Security controls are regularly audited both internally and externally, and controls are also externally audited on an annual basis.

Which user profile is this wallet best suited to?

The Blockchain wallet offers several services. However, it is important to understand which user profile is best suited to this wallet.

Beginners

transaction list Blockchain

Beginners looking for a simple, easy-to-use wallet to store and manage their crypto-currency will find the Blockchain wallet an excellent choice. It offers a user-friendly interface that allows users to easily view their balances and track their transaction history.

Beginners will also appreciate the ease of buying and selling crypto-currencies available directly from the wallet.

Intermediaries

Intermediate users looking to expand their crypto-currency knowledge and skills will also find the Blockchain wallet useful.

It offers advanced features, such as the ability to customize transaction fees and view private keys for total control over their wallet. In addition, intermediate users will appreciate the exchange options and trading tools available to trade their crypto-currency.

Experts

Experienced users looking for an advanced crypto-currency wallet will find the Blockchain wallet a decent, but perhaps limited, choice.

In fact, experienced users looking for more advanced features, such as smart contract integration and access to lending and flash lending protocols, might prefer other wallets.

Our verdict on the quality of Blockchain com Wallet’s customer service

Crypto.com

  • Free crypto card
  • Reputable exchange
  • Competitive fees

Blockchain.com Wallet is one of the most widely used crypto-currency wallets in the blockchain sector. One of the most important aspects of any digital wallet service is the quality of its customer service. What about that of Blockchain com Wallet?

Users have generally had an average experience with Blockchain com Wallet’s customer service. Blockchain Wallet’s customer service can be contacted in a number of ways, including an online help center, a web-based contact form, and on Twitter.

However, other users have complained about the poor quality of Blockchain Wallet’s customer service, citing excessively long waiting times.

Despite this, it’s worth noting that Blockchain.com Wallet’s customer support is available 24 hours a day, every day of the week.

What’s more, their online help center is comprehensive, covering a wide variety of topics in response to users’ most frequent concerns. Those who prefer to find solutions to their own problems without having to contact customer service may find this very useful.

Our final review of Blockchain.com Wallet

Blockchain com Wallet is a widely used wallet that even crypto-currency beginners can master quickly and easily. Also, it’s a wise choice for those wishing to store and manage their crypto-currencies securely. Finally, we can say that Blockchain.com Wallet offers interesting features such as the ability to exchange crypto-currencies and fiat currencies, as well as top-notch security.

While unverified users can only perform limited operations on the wallet, verified users can use various functions such as Swap, Buy/Sell, staking, fiat deposit and withdrawal. In addition, Blockchain.com Wallet offers a mobile app alongside a desktop version, providing users with a convenient and flexible interface.

Overall, our review of Blockchain.com Wallet is positive, especially for novice and intermediate users. In this respect, Blockchain Wallet rightly deserves a place among the best crypto-currency wallets on the market.

Blockchain.com wallet advantages and disadvantages

What we like

High level of safety

Ease of use

Available in over 100 countries

What we don't like

Identity verification required

Only a few cryptocurrencies available

FAQ - Frequently asked questions about Blockchain.com Wallet

Is it safe to store cryptocurrencies on Blockchain.com Wallet?

Blockchain.com Wallet uses advanced security protocols to guarantee the safety of your wallet. However, it is important to take additional security measures such as setting up two-factor authentication.

How can I buy cryptocurrencies on Blockchain Wallet?

Users can purchase cryptocurrencies on Blockchain Wallet using a credit or debit card, bank transfer or a local payment method offered in their area.

How can I send cryptocurrencies from Blockchain.com Wallet?

To send cryptocurrencies from Blockchain.com Wallet, access the “Send” option and enter the destination address and the amount you wish to send. Check the transaction details before confirming.

How long does it take for transactions to be confirmed on Blockchain.com Wallet?

The time it takes to confirm transactions on Blockchain Wallet depends on the number of pending transactions on the network. In general, transactions can take from a few minutes to a few hours to be confirmed.

About the author

Lucia Schettino

Word enthusiast, writer, and travel lover, Lucia has more than 8 years of experience in cryptocurrency writing in Italian, Spanish, English and Portuguese.