Blockchain.com Review

Blockchain.com Review

Daniel Chan

July 1, 2022

Cryptocurrency

What is Blockchain.com?

Blockchain.com is unquestionably one of the biggest and oldest cryptocurrency platforms that are still standing strong, with concrete future plans. Blockchain.com has been in the industry for more than a decade now, as it was founded way back in 2011. With over 80 million crypto wallets created in the history of Blockchain.com, the exchange surely serves a large number of investors when it comes to buying and selling crypto.

A fast and seamless experience, professional trading, numerous pairs, and premium support are just a few of the benefits that Blockchain.com offers. Read on to discover the full range of features you can access with this longstanding trading platform.

  • Web Address: www.blockchain.com
  • Main location: Luxembourg City, Luxembourg
  • Cryptocurrencies:  BTC, BCH, ETH, AAVE, DOGE, LTC, and 40+ more
  • Fiat Currencies: USD, EUR, GBP
  • Mobile app: Yes
  • Deposit Methods: ACH transfers, Wire transfers, FPS Transfers, Open Banking, SEPA, Credit/Debit Cards, Cryptocurrency
  • Deposit Fees: Free
  • Trading Fees: Maker: 0.20%, Taker: 0.40%

My Overall Thoughts on Blockchain.com

Blockchain.com has been in the industry for over a decade now, and they have been consistently trying to bring what is beneficial to traders and investors. Even the smallest things on the platform are designed in a way that they offer a seamless experience to the users. Whether you want to buy cryptocurrencies, sell them, or swap them for other assets, everything can be done in microseconds.

Blockchain.com's trading platform is on the next level too. They claim their crypto exchange is lightning-fast and offers over 80 trading pairs. With the help of a straightforward interface, the exchange really becomes more accessible for anyone to explore the features and options available. 

If you ask me what I love the most about Blockchain.com, the top three are mentioned below:

1) Lightning-fast crypto trading:  If you hate late order executions and inaccurate data, then you will really appreciate Blockchain.com’s lightning-fast trading. The exchange offers accurate charts, precise data, and quick switching between trading pairs for you to evaluate the markets. You can even customize the charts and features as per your preferences to trade just as you like.

2) Buying, selling, and swapping in seconds:  This is another factor that makes Blockchain.com one of my favorites. You only have to click a few buttons to get your hands on the crypto asset you want. You can also sell it or swap it within seconds, and the whole process is smooth and quick.

3) Separate wallet and exchange:  Wallet and exchange are both separate on Blockchain.com. Of course, users can transfer funds between their accounts without any problem, but the separation makes things simpler. If you want simple use, you can download the wallet, which is specifically designed for mobile devices and allows easy access to buy, sell and earn interest on crypto. For a more advanced experience, the desktop exchange provides users with detailed graphs and other features like margin trading.

One issue that some users might find on Blockchain.com is the limited variety of crypto assets currently available. Some other platforms have hundreds of coins, but if you are looking at trading only the popular coins, Blockchain.com has you covered. In the future, we may see them add new cryptocurrencies to their platform.

Key Features & Advantages of Blockchain.com

It would not be wrong to consider Blockchain.com a pioneer in the crypto industry due to the change and the revolution they have brought. They have not only made it easier for people from over 100 countries to buy, sell, and trade crypto assets, but they have brought professionalism, security, assurance, and remarkable support, which enhances the experience for the users.

If you want to know exactly how Blockchain.com is different from most platforms available and what services they offer to their customers, you can have a brief look below and evaluate their key features and advantages.

Negatives & Disadvantages of Blockchain.com

Nothing is perfect in the world, and neither is Blockchain.com. The platform does offer some industry-leading benefits to their users that can greatly improve their crypto experience, but there are a few things that are lacking. If you are wondering what those things are, take a look below:

What Services does Blockchain.com offer?

Blockchain.com is explicitly designed to fulfill the needs of traders and investors, and that is why they focus quite a lot on offering everything they need in the current crypto industry. You can take a detailed look below and find out what services Blockchain.com offers and if they are on par with the current standards of the blockchain industry.

Over 80+ crypto trading pairs available:  One of the most important things for a crypto trader is to find diversity in trading pairs. Numerous trading pairs allow traders to explore more opportunities, read the market, evaluate their chances, and then pick a coin to invest their money in. Blockchain.com offers more than 80 pairs on their exchange.

Remember that there are not 80+ different cryptocurrencies, but the trading pairs include fiat to crypto and crypto to crypto combinations. Rest assured, you will get access to the top cryptocurrency pairs, against crypto as well as fiat.

Buy, sell and swap crypto in microseconds:  Yes, you read that right. Blockchain.com is so efficient when it comes to buying, selling, and swapping cryptocurrencies, that it literally takes microseconds to process the transaction. This means you get real market prices in real time.

Separate wallet and exchange:  This is something that you might not see on many crypto platforms. Blockchain.com has developed their platform in a way that allows users to go two separate ways. The first way is to go with the Blockchain.com wallet that is great for basic users who want to purchase, sell, swap, hold, or stake cryptocurrencies. For more experienced crypto traders, the Blockchain.com exchange is designed for full-fledged trading with professional options to proceed with.

If you wonder would this would be a good feature, it's because it can reduce a lot of hassle for many users. Many users simply want to invest their money in a particular asset and hold it for the long term without tangling themselves with the complications of charts and the like. For professional traders, they want to easily trade and make money, which is possible on the desktop exchange. If you are interested in both aspects, you can connect one of your accounts to the other, and you will be good to go.

Mobile apps available for iOS and Android:  When desktop computers first arrived, they literally changed the whole dynamics of how things were performed. They changed almost everything and taught us how things could be done more efficiently. Then arrived smart mobile devices that made everything even easier and more convenient. It does not matter if you want to shop, pay, play, call, text, watch, learn, or entertain, you can do it right from your mobile device.

Yes, you can also buy, sell, and swap cryptocurrencies too with the help of your mobile devices. Blockchain.com offers their users mobile applications that can be downloaded on Android and iOS devices. Whether you have a Samsung device or an iPhone, you will be able to download Blockchain.com’s mobile app or wallet and buy and sell crypto assets anytime you want. Not only that, but you can be anywhere, and you will have access to your portfolio to manage it just the way you want.

Easy, quick and user-friendly platform:  Trading, buying, and selling are not the only things that are easy and fast on Blockchain.com. If you want to buy, sell, or swap cryptocurrencies, you can visit the wallet section and do it quite conveniently from there. If you want to trade, you can visit the exchange, and every pair along with its details will pop up in front of you to start trading.

Not only that, almost every option available on Blockchain.com is easy to access and use. You don’t have to spend time searching for a specific option as the user-friendly interface will allow you to go through the whole platform quickly.

Lightning-fast crypto trading:  The word to focus on here is “lightning,” and yes, Blockchain.com has placed quite a lot of emphasis on this factor. A couple of things that irritate many traders are inaccurate charts and late order executions, which can affect their overall trading experience. To exterminate these problems, Blockchain.com's lightning-fast crypto exchange definitely offers what it claims. Orders are executed within microseconds and charts are fast, accurate, and precise with correct data to give traders proper insights into the markets.

As for the trading dashboard, it is also simple, easy, and effective. Traders get to see the whole order book along with open orders and the order history. As for the charts, you can quickly switch between the pairs and see how the market is going. Charts can be adjusted with a few clicks, and you can change the candles, use indicators, change timestamps, or perform other tweaks right from the dashboard.

Several fiat currencies are available:  There are countless crypto exchanges that only permit traders and investors to use a single fiat currency. Well, that is not the case with Blockchain.com, as the platform allows three fiat currencies on the platforms. Users can perform their financial activities with USD, EUR, or GBP without any problems. These fiat currencies cover the countries with the most traders and investors making it easier for them to use their services. 

Earn up to 13.5% in staking rewards:  We all know how savings accounts work, and the same concept has been brought to the crypto industry too. The only difference is that the rewards offered by staking cryptocurrencies are a lot better than a savings account. If we talk about how much you can earn with Blockchain.com, the rate is as high as 13.5% annually, depending on the asset you are staking. The best thing is, Blockchain.com supports staking for popular assets too. This means that you can stake Bitcoin and Ethereum and earn rewards on them without having to purchase other cryptocurrencies that you have not heard of. 

But make sure to check and consider the terms and conditions along with the staking period, and understand how the whole process works. This will ensure you avoid any issues with withdrawing your funds at a certain time.

Margin trading available: If you want to increase your buying power and potentially make bigger profits from your trades, then margin trading may be something to consider. Blockchain.com offers up to 5x leverage when you margin trade, and while it is definitely not the highest, it is still a decent amount to increase your position by. Another great thing is you do not have to access a separate market just to margin trade, you can simply tick the leverage option, select the margin, and you can execute the order. 

Trusted, secure and reliable:  Blockchain.com is not just any crypto exchange that is available on the internet; it has now become a brand with an identity that almost everyone knows of. If you have friends that are traders or investors, there is a high possibility that they might be using Blockchain.com for their daily transactions. This is because Blockchain.com has been in the industry for a long time, and they have gained trust from millions of users.

This is one of the reasons why they use multi-layered security and continually enhance their security to protect the funds and identity of their users. 

Learning academy for newcomers:  If you are worried about starting your journey to trade and invest in crypto, don’t worry, as Blockchain.com has got you covered with their learning academy. You will find all sorts of learning material in that section. You can learn about cryptocurrencies, how to invest, how much to invest, how to trade, and how to use different features. In other words, you can easily understand the basics and get enough info to start trading or investing without looking everywhere to find reliable information.

Free coins via airdrops:  Everyone loves free stuff, and Blockchain.com has brought a way to offer some of their users free coins using airdrops. In this specific context, airdrops refer to the crypto rewards that are provided to the users. Blockchain.com partners up with different crypto projects, and that is how they deliver airdrops.

24/7 customer support with live chat:  Customer support is unquestionably the backbone of any business or enterprise, and in the case of Blockchain.com, you won’t be disappointed in their customer support team. Blockchain.com offers several ways to get in touch with them and solve your problems right away. You can go with the quickest option, which is live chat or you can submit a ticket to get a response. The exchange claims that their support team works tirelessly 24/7 to make sure their customers are satisfied.

What I don't like about Blockchain.com

Blockchain.com has undeniably great benefits and features, but along with them, there are a few negatives too that you should know about. You can take a look below and see where the platform lacks.

Comparatively small number of cryptocurrencies available:  Blockchain.com has made it a lot easier to buy, sell, swap, and trade cryptocurrencies. But the thing is, they do not have the widest range of cryptocurrencies for their users to enjoy. There are less than 50 cryptocurrencies available to trade on the market, and less than 30 cryptocurrencies that you can directly buy.

If you are comfortable going with popular and established projects, then you will not face any problems, but if you want to explore the latest and the newest crypto projects, Blockchain.com might not be the best choice for you.

Troublesome account restrictions until further verifications:  When it comes to security and verifications, Blockchain.com is a lot stricter than you might expect. When users are in the first phase of creating their accounts, they have to verify their name, address, and phone number. This verification process only allows them to send and receive cryptocurrencies and nothing else.

If you want to enable other features like buying, selling, swapping, or trading, you have to submit further verification documents. The whole process can take quite some time, and it can be quite troublesome if you wanted a quick and fast account creation process, to begin trading straight away.

Blockchain.com Fees

Blockchain.com Deposit Fees

  • Open Banking (EUR): Free
  • SEPA (EUR): Free
  • Wire Transfers (USD): Free
  • FPS (GBP): Free
  • ACH (USD): Free
  • Crypto Deposits: Free (Only network fee has to be paid, which varies)

Blockchain.com Trading Fee

Blockchain.com charges 0.20% maker fee and 0.40% taker fee. They also have a structure where you can bring down the trading fee if you exceed the 30-day volume specified by the exchange. To give you a specific idea, you can take a look below and see how the trading fee system works at Blockchain.com:

Blockchain.com Fiat Withdrawal Fees

  • ACH (USD): Free (Min. $10)
  • Wire Transfers (USD): $25 (Min. $2,500)
  • Open Banking (EUR): €0.50 (Min. €5)
  • SEPA (EUR): €0.50 (Min. €5)
  • FPS (GBP): £0.50 (Min. £5)

Blockchain.com Crypto Withdrawal Fees

The crypto withdrawal fee at Blockchain.com varies depending on each asset. You can check the fee for each coin when you go to withdraw it.

Pros and Cons of Blockchain.com

Pros
  • Lightning-fast crypto trading
  • Buy and sell crypto in seconds
  • Staking available to earn interest
  • Margin trading with up to 5x leverage
  • Basic crypto wallet app and more advanced desktop exchange
Cons
  • Limited range of cryptocurrencies
  • Restricted use until full verification is complete

The Verdict

If you are looking forward to joining a crypto platform that is safe, secure, easy to use, and offers popular crypto assets, then Blockchain.com can be a top choice. They bring ease of use for traders and investors with the support of USD, EUR, and GBP, lightning-fast trades, margin trading, and staking. 

The only minor drawback worth considering is that Blockchain.com doesn't offer an extensive range of coins. However, they may include more assets in the future, and they currently offer more than 40 of the most popular ones. If you are set on trading a larger number of coins, you can have a look at KuCoin with over 600+ coins available. For some other crypto exchanges that you might want to consider, take a look at this article on the best cryptocurrency exchanges. I have also included a comparison table below that shows some of the main information.

Comparison Table of the Best Crypto Exchanges in the USA

eToro
Pionex
Coinmama
Gemini
Uphold
Crypto.com
Crypto Exchange
Crypto Exchange
eToro
Pionex
Coinmama
Gemini
Uphold
Crypto.com
Fiat Currencies
Fiat Currencies
USD
USD, TWD
USD, EUR, AUD, CAD, GBP, JPY
USD, AUD, CAD, EUR, GBP, SGD, HKD
USD, GBP, EUR, CHF, AUD, JPY & 21 more
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY & 10+ more
Cryptocurrencies
Cryptocurrencies
BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA & 75 more
BTC, ETH, LTC, SOL, DOT, TRX & 120+ more
BTC, ETH, ETC, UNI, LINK, LTC, BCH, DOGE, MATIC, EOS, AAVE, COMP, OMG, YFI, WBTC
BTC, ETH, BCH, DOGE & 90+ more
BTC, ETH, ADA, DOGE, COMP, DOT & 125+ more
BTC, ETH, LTC, XRP, CRO, ADA, DOT, SOL, DOGE & 250+ more
Deposit Methods
Deposit Methods
PayPal, Debit card, Credit card, Wire transfer, Online banking
Credit card, Cryptocurrency
Credit card, Debit card, Fedwire, Apple Pay, Google Pay
Bank transfer (ACH), Debit card, Wire Transfer, Cryptocurrency
Bank Transfer (ACH), Bank Transfer (SEPA), Debit/Credit Card, Wire Transfer, Faster Payments Service, SWIFT, Cryptocurrency
Bank Transfer (ACH), BPAY, SEPA, Credit/Debit card, PayPal, TransferWise, Fedwire, SWIFT, Cryptocurrency
Trading Fees
Trading Fees
1%
0.05%
2.93% - 3.90% (depending on loyalty level)
From 0.25% (maker) and 0.35% (taker)
Fees included in the spread
Exchange: from 0.4%, App: Free (included in spread)

eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. "Virtual currencies are highly volatile. Your capital is at risk."

Frequently Asked Questions

Can US citizens use Blockchain.com?

Yes, US citizens can use Blockchain.com to trade or buy/sell cryptocurrencies. Note that the platform is not available for every state in the country. You will have to check when you sign up to the platform.

Can Blockchain.com be trusted?

Yes, the platform is safe to use and can be trusted. Blockchain.com has been in the industry for a long time, and they have been serving traders and investors for over a decade. 

What fiat currencies does Blockchain.com support?

Currently, the platform supports USD, EUR, and GBP. Users can use several deposit and withdrawal methods to get their funds in and out of the platform.

Marketplacefairness.org provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade or sell cryptocurrency or use any specific exchange. Please do not use this website as investment advice, financial advice or legal advice, and each individual's needs may vary from that of the author. This post includes affiliate links with our partners who may compensate us. 

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