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Blockchain.Com Review

By Jinia01/05/2024

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Blockchain.com is a pioneering crypto exchange with a long track record of trust and reliability. With a presence in over 150 countries, the exchange offers a range of services catering to private and institutional investors. The platform supports over 20 crypto tokens and fiat currencies, and its fee structure becomes more favourable with higher trading volumes.

This exchange is suitable for both private users as well as institutional investors looking for high trading volumes and other sophisticated trading tools. 

Here is a detailed breakdown of Blockchain.com‘s user-friendly interface and design, among other things, that make it a great pick for your trading.

Pros

  • Reliable platform with long track record

  • Offers competitive maker and taker fees

  • You can stake various cryptocurrencies

  • Offers airdrop programs

  • Various wallet options

Cons

  • Limited leverage options

  • There are not enough trading pairs

  • Limited tech support

Overview of Blockchain.com

Founded in August 2011, Blockchain.com is an established crypto investment platform that offers a range of services. These services include exchange, spot trading, margin trading, staking, and a native non-custodial wallet. 

What started out as a simple block explorer has evolved over the years into an all-around trading platform for crypto-related solutions, including DeFi and other investment solutions. 

Once you log in, you get a user-friendly interface that makes it easy for both novice and expert users to navigate the platform. Blockchain.com remains crypto’s best-kept secret as it serves customers all across Europe as well as all over the world thanks to its headquarters in Luxembourg. 

Blockchain.com Setup Process

Setting up a Blockchain.com wallet is a straightforward process. 

To begin, navigate to Blockchain.com on either a computer or smartphone. Here, you have two options: 

1. Click on “Sign Up” or…

2. “Get Started.” 

If you have visited the site before, you can opt to click on the “Log In” button and then select “Sign up Now.” 

Following either of these paths will direct you to the “Create Wallet” page. Once you reach this page, simply click on “Create Wallet” to start the setup process.

This initial step is the gateway to accessing Blockchain.com’s wallet services, but more detailed steps regarding the subsequent setup process, such as verifying your account, linking bank accounts or cards, and beginning to trade or purchase cryptocurrencies, are typically provided by the platform once you initiate the setup. 

Supported Cryptocurrencies

This exchange supports over 35 crypto tokens and fiat currencies like USD, GBP, and EUR. While this is not much-considering exchanges such as Binance that support over 1000 coins, Blockchain.com gives you only the most reliable and legitimate coins.

While the list is limited, it still gives users access to verified coins that are less likely to become scam projects. 

Here is a brief list of some of the most popular coins you can trade on Blockchain.com.

•Bitcoin

•Ethereum

•Bitcoin Cash

•Stellar Lumens

•Most ERC-20 tokens

•BSC-20 tokens

•Solana

•Ripple XRP

•TRON

•Dogecoin

Fees

One advantage of Blockchian.com is its flexible fee structure. The flexible fee structure is designed to reward high-trading volume investors, with fees ranging from 0.15% to 0.02% based on transaction value.

Margin trading fees are set at 0.02%, with recurring fees every four hours. There are no deposit fees, and withdrawal fees vary depending on the method used, ranging from $0 to $25.

Security Measures and Protocols

With a long track record of reliability, Blockchain.com boasts a robust security protocol in place, thus enabling you to trade with peace of mind. 

The platform offers two-factor authentication (2FA) to add an extra layer of security to your account. This means that in addition to your password, you’ll need to provide a unique verification code to access your account.

You also have complete control over your assets with Blockchain.com’s native wallet. It allows you to securely store your cryptocurrencies on your device in a non-custodial manner, which is ideal for cryptocurrencies and other digital assets such as NFTs. 

You also gain access to the platform’s beta support for NFTs and integration with OpenSea.

Blockchain.com’s Payment Features

Blockchain.com offers a variety of methods for buying cryptocurrencies on its platform. 

Users can add up to 10 bank cards to their wallets for future purchases. This functionality is available in both the web wallet and mobile app under the “Settings” menu, where users can link or remove their bank accounts or cards.

For buying crypto with a credit or debit card, users need to be verified to have full access.

Customer Support and Reputation

Blockchain.com offers excellent customer support to ensure that your questions and concerns are promptly addressed. Their support team is knowledgeable and responsive, providing timely assistance through various channels, including email and live chat. They prioritize customer satisfaction and are committed to resolving any issues you may encounter.

Additionally, Blockchain.com has built a trusted reputation in the crypto industry since its establishment in 2011. With investments from reputable companies and a user base spanning over 150 countries, they have proven themselves as a reliable and secure platform. 

Conclusion: A Reputable and Versatile Platform

With its long-standing history as a licensed financial services provider since 2011, Blockchain.com has established itself as one of the oldest and most reputable exchanges in the crypto industry.

The platform offers a wide range of services, including exchange, spot trading, margin trading, staking, and a native cryptocurrency wallet with complete control over your assets.

Overall, Blockchain.com is a trusted platform that caters to both private and institutional investors, making it a valuable resource for crypto enthusiasts.

Article tags

Buy crypto
cryptocurrency
Exchanges
Jinia

Author

Jinia is a fintech writer focused on the cryptocurrency market and passionate about blockchain technology. With years of experience, she contributes to some of the most renowned crypto publications such as Cointelegraph, Coinmarketcap and others. She also has experience writing about the iGaming industry.

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