Blockchain.com review

Blockchain.com review
Blockchain.com review

Blockchain.com is one of the crypto market mammoths. It combines the functionality of a wallet with instant transfers and exchange. From the unknown platform, it moved to the giant with 48 million wallets.

Well, where is Blockchain.com located, and whether Blockchain.com is legit? It’s an official crypto service registered in Luxembourg. There, it was launched a lot of years ago – in 2011. 

Don’t be afraid of possible Blockchain.com scam issues. This site is one of the most reputable in the industry. Still, don’t forget that it provides hot wallets that can be hacked. It’s not advised to store big amounts here. Diving into the details, we will answer “is Blockchain.com safe” later.

Blockchain.com reviews several languages, to be precise, 21 in total. Feel free to select the best language on the site. Also, note that the system can detect your region so it will offer the interface on your native language, most likely. 

Blockchain.com fees

Talking about Blockchain.com fees, we should distinguish two services. The first one is a wallet. It features own fees and limits. Through the tool called Swap, users can exchange coins directly in their wallets, trading BTC, ETH, XLM, BCH, and USD-D. The only applicable fee is a network rate that goes to miners. Aside from it, everything’s free with this tool. 

Blockchain.info review

As for the local exchange, it also has its own fees. They rely on the taker-maker model and vary depending on the trading volume of each user. Max fees are 0.24% while min fees are 0.02%. Here’s the detailed schedule:

Blockchain.com fees

Blockchain.com limits also depend on the account level. Newcomers can exchange up to $1,000 per year using Swap. For verified users, this limit is set at $25,000 per day or $100,000 per week. You always can check the limits in your account. 

In this Blockchain.com review, we’ll also look at the security.

Is Blockchain.com safe?

Being a reputable site, Blockchain.com offers a number of security functions. First and foremost, users can check the safety level of their accounts on the main screen. If you want to boost this parameter, follow a few tips.

So, how to use Blockchain.com safely? Start with making a reserve copy of your recovery info. It’ll help to regain access in case of data loss. As well, turn on 2FA option and add another password to improve security. This will help you to prevent any possible Blockchain.com fraud.

Check out the available guides related to security:

Is Blockchain.com safe

Overall, remember that Blockchain.com wallets are hot aka online. In case of any potential Blockchain.com down, you can lose your funds. That’s why it’s a good idea not to store massive amounts here. 

Blockchain.com wallet

The wallet supports five cryptocurrencies that you can store, send, receive, and exchange:

  • BTC
  • BCH
  • ETH
  • XLM
  • USD-D

The next question is how to buy on Blockchain.com? As we mentioned earlier, the solution supports two functional modules: its wallet and exchange. Crypto purchases are possible from both sections. Using the wallet, you can launch the Blockchain.com Buy tool to purchase any supported crypto. 

Blockchain.com wallet

Alternatively, you can buy from the exchange. It should be more familiar as the trading screens are similar to other exchange interfaces and Blockchain.com alternative platforms. 

For more functionality questions, feel free to go to the Blockchain.com support center. It’s available in English and Russian. Still, other IP addresses may find pages in other languages. If you want to contact the support, just submit a request with your issue or question. Sadly, the Blockchain.com phone number is absent.

Finally, let’s compare the results of our Blockchain.com review 2020.

 

1 Total Score
Blockchain.info review

PROS
  • Convenient and simple interface;
  • Ideal for small transactions and wallets;
  • In-built wallet and exchange modules;
  • Long history, the trust of 48 million users;
  • Mobile apps.
CONS
  • Potential hot wallet issues;
  • Some support complaints.
User Rating: Be the first one!
guest
0 Comments
Inline Feedbacks
View all comments