Blockchain wallet is a digital platform developed by the Luxembourg-based software company, Blockchain. The Blockchain Wallet app makes it easy for anyone to transact and invest in currencies like Bitcoin, Ethereum, and many others through their clean, intuitive UI. It’s completely free to use, paying only the small transaction fee that goes towards the miners whenever you move cryptocurrencies in and out of your own wallet.
With this, Blockchain Wallet App continues to market itself as the world’s most popular way to buy, sell, and trade crypto, trusted by millions of users since 2011.
Blockchain wallet is completely free to use, but keep in mind that you will still be charged a transaction fee every time cryptocurrencies move in or out of the wallet. These fees go directly to the miners facilitating the transaction and this amount is automatically deducted from your funds, depending on the size of your transactions and level of network activity.
Alternatively, you can also set your own custom transaction fees under the ‘Customize Fees’ setting.
Designed with both usability and security in mind, Blockchain Wallet app offers several baseline layers of protection, with other features available as optional add-ons. Check the app’s ‘Security Center’ tab to see more information.
Blockchain’s Wallet security is rated based on their levels, allowing beginners to easily visualize them to help guide their decisions as to how much features they want to use.
Block Tor requests - This option can enable you to block IP addresses coming from a Tor network from accessing your accounts. Tor itself is a double-edged anonymizing tool. Many privacy enthusiasts love the added protection it provides, while many hackers use it for their own means as well.
No. Users will get an ID for their wallet that will be used exclusively for their login purposes. You cannot use this wallet ID to send or receive funds, and Blockchain doesn’t recommend that you share this to anyone.
Yes. You can still access your old addresses through the ‘Settings’ tab, even though Blockchain automatically generates a new address for each transaction. You can still receive funds on your old address.
You can’t. Once you initiate a transaction, you can no longer reverse or cancel it, that’s why it’s recommended to double-check every detail of the transactions you make. If you accidentally send the wrong type of currency, enter the wrong address, or type in the wrong transaction amount, you could lose some of your funds permanently.
It’s a free online wallet so you just need to visit blockchain.info in order to sign up for your free wallet today. Alternatively, you can download the Blockchain Wallet App, available for both iOS and Android, on your mobile device if you wish to conduct your crypto transactions on this device.
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