Blockchain Crypto Wallet Review in 2020
Blockchain.com established in 2011, is the most renowned, user friendly, and extensively used crypto wallet with 51 million active users. The company Blockchain Access UK Ltd (Blockchain.com) is registered in England and Wales with registration 11337627.
The company has raised 70 million dollars and is supported by sponsors like Virgin, Google ventures, Lake Star, Mosaic Ventures, Light Speed, and Digital Currency Group. Crypto-assets security is the top priority of the company and users are suggested to follow the three-step process including email verification, two-factor authentication, and writing a backup phrase.
The backup phrase security measure is considered to be the most effective security mechanism that ensures users access to crypto-assets in case of forgetting wallet password or in case of unavailability of the blockchain service. The company provides wallet services to a range of cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Stellar (XLM), and USD-Digital (USD-D).
The wallet offers the range of facilities including to instantly send, receive, convert into other cryptocurrencies, store crypto-assets, and access the crypto-funds from anywhere across the globe. The company has developed an Android and iOS application to serve its users.
Blockchain.com offers crypto trading services of 28 digital currencies pairs using an ultra-fast matching engine and provides the opportunity to deposit and withdraw fiat currencies like Euro, Pound, Dollar, and Lira. The exchange platform continuously provides 24/7 support.
Some of the frequently asked questions about Blockchain Wallet are,
How does Blockchain wallet work?
Blockchain Wallet offers the users capability to manage their crypto-assets: Bitcoin, Ethereum, Bitcoin Cash, Stellar, and USD-D. The users can store, send, and receive the respective digital currencies.
How do you open a Blockchain wallet?
To create a new Blockchain Wallet, the following steps are necessary,
- Select the desired platform. The services are available on Web, iOS, and Android.
- Create a wallet by providing an email address, a highly secure password, and click on agree to the Blockchain Wallet TOS, and click Continue.
- In the next step, the user Blockchain.com Wallet is ready to use.
What is the Blockchain wallet?
A blockchain wallet is a cryptocurrency wallet, established by Blockchain that permits the users to manage their crypto-assets.
Is Blockchain a safe wallet?
Hardware blockchain wallets are highly secure devices that can be connected to the internet and maintain crypto-assets transactions. These are highly secure and not easily hackable. The Hardware wallets are hard to hack if carefully managed by the users.