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Blockchain.com Review

Last Updated on July 3, 2024

James Headshot
Written by
Adam Headshot
Edited by
Blockchain.com logo
3.09
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.
Visit Blockchain.com

The Bottom Line Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Blockchain.com offers several services, including wallet management, developer APIs, and advanced features like margin trading and staking. The platform has a wide range of supported cryptocurrencies, including major assets like Bitcoin, Ethereum, Litecoin, and Ethereum-based tokens.

While Blockchain.com provides strong security measures and various wallet options, its customer support has been criticized for slow response times and inadequate assistance.

Table of Contents
Disclaimer: This is not a validation of cryptocurrency or any particular provider, service, or product. It should not be taken as advice to engage in trading or use any services. Please check our terms and conditions.

Pros

  • User-friendly interface
  • Supports a variety of cryptocurrencies
  • Offers a non-custodial wallet option
  • Provides educational resources for users
  • Integrated with a hardware wallet for added security

Cons

  • Higher fees compared to some other exchanges
  • Limited customer support channels
  • No advanced trading features like margin trading
  • Has experienced security breaches in the past
  • Limited fiat currency support

Quick Summary

Headquarters Location London, UK
Fiat Currencies Supported USD, GBP, EUR
Total Supported Cryptocurrencies 24+
Trading Fees 0.17% - 0.45%
Deposit Methods Bank Transfer, Debit Card, Credit Card, Cryptocurrency, Apple Pay, Google Pay
Support Facebook, Twitter, Instagram, Live Chat, Help Center Articles, Support Ticket
Mobile App Yes - iOS, Android

Since its inception as a mere block explorer, Blockchain.com has been reshaping how a cryptocurrency exchange operates. Based in Luxembourg, this exchange has broadened its influence to surpass 110 countries while managing an impressive $1 trillion worth of crypto transactions.

Blockchain.com homepage

Millions of active wallets provided by Blockchain.com resonate globally in over 190 nations. Such is their presence that one out of every three Bitcoin network transactions goes through this provider’s system.

The platform goes beyond merely delivering services. It aims to create an internet transactional framework so customers may see a future where cryptocurrencies are present in everyday life.

About Blockchain.com

Blockchain.com helped shape the evolution of cryptocurrency trading. Blockchain.com’s array of content is expansive, much like the supply of Bitcoin. It presents services specialized for everyone, from those new to cryptos to veterans deep in Bitcoin or Ethereum blockchains.

Blockchain.com’s wallet service is secure storage for users’ Bitcoin Cash and other valued digital possessions. Its platform enables experienced traders to purchase, sell, and exchange cryptocurrencies. As a crypto exchange, the company provides venues for swapping various cryptocurrencies into alternative digital currencies. Its API gives developers the resources necessary for weaving blockchain capabilities in their software creations.

Blockchain.com features

Blockchain.com provides various digital asset services, such as lending services, spot trading, and margin trading. The platform also rewards your cryptocurrency expertise with benefits like interest-bearing accounts and opportunities to join Airdrop Programs.

Blockchain.com has a number of active social profiles including Facebook, Twitter, Instagram, LinkedIn, Telegram, TikTok and YouTube.

Blockchain.com has a mobile app on both the Apple App Store and Google Play.

Blockchain.com Supported Cryptocurrencies

Blockchain.com supports trading on over 24 cryptocurrencies on their platform. This exchange currently supports 13 of the top 30 market cap cryptocurrencies.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether USDt (USDT)
  • BNB (BNB)
  • Solana (SOL)
  • USDC (USDC)
  • XRP (XRP)
  • Toncoin (TON)
  • Dogecoin (DOGE)
  • Cardano (ADA)
  • TRON (TRX)
  • Shiba Inu (SHIB)
  • Avalanche (AVAX)
  • Polkadot (DOT)
  • Chainlink (LINK)
  • Bitcoin Cash (BCH)
  • NEAR Protocol (NEAR)
  • UNUS SED LEO (LEO)
  • Dai (DAI)
  • Polygon (MATIC)
  • Litecoin (LTC)
  • Uniswap (UNI)
  • Kaspa (KAS)
  • Internet Computer (ICP)
  • Pepe (PEPE)
  • Ethereum Classic (ETC)
  • Artificial Superintelligence Alliance (FET)
  • Aptos (APT)
  • Stellar (XLM)
  • Monero (XMR)

Download full list of cryptocurrencies Blockchain.com supports

Blockchain.com’s supported currencies cater to traders’ varied tastes by incorporating a range of Ethereum-based tokens. With more than 90 trading pairs available on their platform, it allows for extensive portfolio diversification.

Surpassing other exchanges in terms of offerings, Blockchain.com provides an access point to a thriving crypto market. Opting for their non-custodial wallet grants you absolute control over your private keys.

Trading Experience

Blockchain.com offers traders a wide range of crypto trading options, including spot trading and margin trading, accompanied by diverse trading pairs.

The platform presents an entry point to its trading capabilities through a user interface that blends ease of use with advanced features. From the web platform’s user-friendly layout to advanced charting tools, the design focuses on informing and enhancing users’ proficiency.

Nevertheless, not every feature on the platform can be considered great. Despite its handiness, the mobile application fails to replicate all characteristics in the website version, a limitation for those who favor using mobile phones in trade management.

Traders who engage fully with Blockchain.com’s services are treated to a rewarding experience that fosters financial growth. The platform presents earning opportunities for those who aim to profit from market volatility or enhance their stakes using borrowed capital.

Spot Trading Features

Blockchain.com’s spot trading feature provides instruments such as market orders, limit orders, and stop-limit orders, allowing you to execute trades accurately. Enabling automated trades when specific price points are hit automatically performs pre-set strategies.

The service provides various options for engaging in the crypto market’s constant fluctuations. Whether tracking Bitcoin Cash movements or looking for opportunities, Blockchain.com equips you with spot trading capabilities where every trade can be deliberate.

Blockchain.com exchange marketing

Blockchain.com Fees

The website operates on a graduated maker-taker model for fees, offering high-volume traders reduced costs as an incentive. Blockchain.com has made its approach to fees transparent, evidenced by zero deposit charges and scaled pricing for withdrawals and network transactions. This ensures precision in handling all allocated funds in the platform’s wallet.

Maker-Taker Fee Model

Blockchain.com extends premier services to those surpassing $100,000 in trading volume in thirty days. With every increment in trade activity comes greater rewards from the platform, such as lower fees designed to honor one’s loyalty and active engagement with the marketplace.

Other Fees

The fee structure at Blockchain.com has a diverse range of transactions. Take withdrawal fees, for instance. They fluctuate depending on the currency and method chosen, ranging from minimal SEPA withdrawal costs to more substantial fees linked with bank transfers.

Type Fee
Deposit Fee (Bank Transfer) 0%
Deposit Fee (Credit/Debit Card) 0%
Trading Fee 0.17% - 0.45%
Withdrawal Fee (Bank Transfer) $0

Blockchain.com supports a range of different cryptocurrencies with varying withdrawal fees. When looking at Bitcoin, their withdrawal fee is 0.0025 BTC. The average across all other exchanges that we've reviewed is 0.000401 BTC. This means Blockchain.com charges above the industry average by 522.97%. This is worth noting because it likely means they are also charging higher fees and spreads across all cryptocurrencies on their platform.

Blockchain.com has a maker/taker fee schedule which you can see below.

Tier Volume in 30 Days Maker Taker
1 $0.00 – $9,999.99 0.40% 0.45%
2 $10,000.00 – $49,999.99 0.17% 0.35%
3 $50,000.00 – $99,999.99 0.15% 0.18%
4 $100,000.00 – $499,999.99 0.08% 0.18%
5 $500,000.00 – $999,999.99 0.07% 0.18%
6 $1,000,000.00 – $2,499,999.99 0.06% 0.18%
7 $2,500,000.00 – $4,999,999.99 0.05% 0.18%
8 $5,000,000.00 – $24,999,999.99 0.04% 0.16%
9 $25,000,000.00 – $99,999,999.99 0.03% 0.14%
10 $100,000,000.00 – $499,999,999.99 0.02% 0.11%
11 $500,000,000.00 – $999,999,999.99 0.01% 0.08%
12 $1,000,000,000.00+ 0.00% 0.06%

Security - Is Blockchain.com Safe?

Blockchain.com provides a highly regarded and reliable crypto wallet. The service offers multiple wallet options to access digital assets, such as a DeFi Wallet, a Blockchain.com Pay Account, and the conventional Trading Wallet, each customized for varying access levels and control over your stored assets. The wallet also includes a 12-word Recovery Phrase as an additional protective measure.

Implementing stringent security measures ensures protection for your money when you secure private keys appropriately and activate two-factor authentication. With cold storage preserving 95% of users’ funds offline, Blockchain.com provides confidence in the solid defense against online threats. It also supports anti-money laundering to ensure users’ funds are not used illegally.

Blockchain.com’s security features also protect against threats of hacking attempts. The platform’s use of shared blockchain addresses for asset custody is a clever tactic that not only segregates user assets but also obscures them from potential threats.

Despite these rigorous security measures, the platform urges users to stay alert. The power of Blockchain.com’s encryption and the depth of its verification process are strong, but in the digital realm, no service can claim absolute invulnerability.

Blockchain.com Customer Support

While enjoying popularity, Blockchain.com has faced challenges as some customer complaints have tarnished the competency of its support services. The complex procedures for recovering lost funds and the occasional absence of timely aid are among the complaints users report.

Therefore, Blockchain.com’s customer service reputation combines satisfaction and discontent. While positive reviews exist, there are also negative reviews and critiques.

A slow response rate has significantly hindered user satisfaction, with limited avenues for reaching out, adding to users’ challenges. Email is often seen as an insufficient lifeline among these options, with many reports indicating subpar help or cases where there’s simply no response.

Blockchain.com support

Blockchain.com Support Channels

  • Facebook
  • Twitter
  • Instagram
  • Live Chat
  • Help Center Articles
  • Support Ticket

How to Sign Up on Blockchain.com

  1. Create Account - Visit the Blockchain.com website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
  2. Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
  3. Transferring Funds - Once your account has been verified, you'll be able to deposit using the deposit methods listed below.
  4. Start Trading Crypto - That's it! You should now have everything in place to start trading.

Deposit Methods

  • Bank Transfer
  • Debit Card
  • Credit Card
  • Cryptocurrency
  • Paypal
  • Apple Pay
  • Google Pay

Blockchain.com Alternatives

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Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
392+

Trading Fees
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Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 75 others

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Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
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Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR + 1 other

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OKX logo

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Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
356+

Trading Fees
0.08% - 0.10%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR, NZD + 85 others

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Final Thoughts

Blockchain.com stands out from other crypto exchanges by providing services for multiple users. It provides strong trading capabilities, broad support for cryptocurrencies, and several wallet options with strong security protocols.

Despite facing issues in customer support areas, Blockchain.com is committed to continuously improving its features to enhance user experience effectively. The platform, which emphasizes strong security measures, is crucial to progressing towards an expansive financial system on the web.

Blockchain.com FAQs

The CEO of Blockchain.com is Peter Smith, who co-founded the company and has been leading it since its inception.

Blockchain.com is primarily a digital platform for cryptocurrency transactions and management. It offers users the ability to send and receive cryptocurrencies and a secure place to buy, sell, and store digital assets.

The platform also provides various tools and data analytics for tracking cryptocurrency market trends and performance.

Yes, users can withdraw their cryptocurrencies from Blockchain.com to other wallets or exchange platforms. The process involves sending the digital assets to an external wallet address, following the security and transaction procedures outlined by Blockchain.com.

Yes, Blockchain.com operates as a cryptocurrency wallet, allowing users to store, manage, and transact various cryptocurrencies securely. It serves as a digital wallet for Bitcoin, Ethereum, and other cryptocurrencies, offering users a web-based and mobile app interface.

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Methodology

At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.

About The Authors

James Headshot
Written by

Crypto Technical Writer

James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.

His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.

Check James out on:
Adam Headshot
Edited by

Co-Founder / Managing Editor

Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.

Check Adam out on: