Blockchain
About Blockchain: a Leading Company in the Cryptocurrency Sector
Within the realm of cryptocurrencies, the landscape is constantly expanding with new entrants. One prominent player in this field is Blockchain.com. The company offers a diverse array of services across 4 primary areas:
- Bitcoin block explorer,
- Cryptocurrency exchange services,
- API services catering to Bitcoin developers,
- Cryptocurrency wallets for all enthusiasts.
Blockchain labels its cryptocurrency wallets as “banks,” asserting them to be the most secure and favored tools for investing and safeguarding digital assets. These wallets have garnered significant popularity among cryptocurrency holders, boasting over 49 million registrations and facilitating transactions worth $200 billion.
Supported Cryptocurrencies
Blockchain’s platform accommodates storage for 22 cryptocurrencies, including big names such as Bitcoin, Ethereum, Bitcoin Cash, Stellar, USD Digital, among others. Notably, the platform has pegged the USD Digital rate to the fiat dollar, thereby introducing its stablecoin.
Key Features of the Blockchain Wallet
Operational through web browsers and available for download on Android and iOS devices, Blockchain wallets are distinguished by 4 pivotal characteristics:
- Security: ensuring complete control over cryptocurrencies, fund backups, and protection against unauthorized access.
- Send and Receive: enabling accumulation of coins and facilitating their use for transactions with nominal fees.
- Buy, Sell, and Exchange: featuring a convenient coin exchange function and the ability to purchase with fiat currencies, albeit subject to geographical restrictions.
- Accessible Anywhere: providing convenient online wallet access and offering quality Russian translation.
Registering on the Blockchain platform is a swift and straightforward process. To engage in cryptocurrency management, simply provide an email address and establish a password. Headquartered in the UK with a global footprint, the company furnishes the means to stay abreast of all updates through social media channels and mobile applications.
Fraud Mitigation
Regrettably, the cryptocurrency realm remains susceptible to fraudulent activities. Blockchain proactively alerts users to potential fraudulent schemes, such as wallet duplications, email phishing, and chargeback scams. Users are strongly urged to maintain vigilance and caution to avert financial losses and breaches of personal data.
Restrictions on Russian Citizens
In light of recent sanctions imposed by the European Union, accounts held by Russian citizens on the Blockchain platform are currently being restricted. These limitations extend to other analogous platforms, including LocalBitcoins and Dapper.
Reviews and Recommendations
Join BrokerTribunal to post your review about Blockchain. Share your experiences with cryptocurrency wallets and assist fellow users in making informed decisions regarding cryptocurrency operations.
This review has been prepared by the specialists at ExpertsReview.
Blockchain is an established broker that offers secure but somewhat complicated interface for cryptocurrency trading.
I am dissatisfied with the broker’s work as their understanding and execution of transactions on the blockchain platform has been inefficient and error-prone.