Exceeded

Score

0123456789.01234567890123456789
/10

Blockchain.com

Luxembourg

|

10-15 years

MSB License|

Suspicious Overrun|

High potential risk

https://pit.blockchain.com/

Website

Yesterday Vol
7 Days
Rating Index
Influence

Influence

AAA

Influence Index NO.1

United States 7.91

Better than 99.69% exchange(s)

Biz Area

Search Statistics

Advertising

Social Media Index

Influence
AAA

Licenses

FinCEN

FinCENExceeded

MSB License

Exchange Info

More
Company Name
Blockchain.com
Phone of the company
--
Customer Service Email Address
--

WikiBit Risk Alerts

2
Previous Detection 2024-07-15

The number of this Exchange's nagitive field survey reviews has reached 1, please be aware of the risk and the potential scam!

MSB License goes beyond their business with the licenses United States FinCEN (license number: 31000171875963), please be aware of the risk!

Website

Genealogy

Social Media

Trade Type

Keywords

Time Machine

White Paper

Related Software

Github

Related Docs

All Corps

New Arrival

Vol Stat

Influence

Yesterday Vol

7 Days

$ 68,057

$ 68,057

84.83%

$ 4,579.98

$ 4,579.98

5.7%

$ 2,327.68

$ 2,327.68

2.9%

$ 2,112.67

$ 2,112.67

2.63%

$ 1,494.90

$ 1,494.90

1.86%

$ 1,469.86

$ 1,469.86

1.83%

$ 63.98

$ 63.98

0.07%

$ 56.22

$ 56.22

0.07%

$ 29.72

$ 29.72

0.03%

$ 23.5

$ 23.5

0.02%

$ 4.9015

$ 4.9015

0%

$ 2.0736

$ 2.0736

0%

$ 0

$ 0

0%

$ 0

$ 0

0%

User Reviews

More

10 ratings

Participate in evaluation
amirshariff24
blockchain. com has a low latency platform and exchange that is adding more and more coins as of late, with high quality of a platform.
2023-10-10 09:35
4
FX1008446390
As a cryptocurrency enthusiast, I am deeply disappointed with Blockchain.com's understanding. Its transaction fees are prohibitively high and its customer service is frustratingly poor.
2023-11-21 08:40
4
YYYWASE
Very cool that you’re blockchain
2023-12-13 17:15
1
zeally
Blockchain.com offers users access to free coins with its Airdrop Program.
2023-12-21 07:55
3
FX1078135364
Blockchain.com’s interface is beginner-friendly and very intuitive. But I think the speed of deposits and withdrawals needs to be improved urgently. Overall it's acceptable after all.
2023-12-07 18:35
2
mmesofavoured
The blockchain is an immutable public digital ledger, which means when a transaction is recorded, it cannot be modified. Due to the encryption feature, Blockchain is always secure. The transactions are done instantly and transparently, as the ledger is updated automatically.
2023-11-10 16:43
3
Micheal
Blockchain.com has low transaction fees and great liquidity, saving me a lot of money on my investments. Moreover, their user interface design is very user-friendly and easy for novice users. First class!
2023-12-07 22:45
3
Bleky
Block chain.com is a great project with a good team work, buying and selling crypto currency is been made easier in this platform.
2023-12-26 23:02
7
Bleky
Block chain is a digital database containing information such as record of financial transaction.It distribute ledger with growing list of record (block) that are securely linked together through crypto graphic hashes.
2023-12-05 16:38
7
Bleky
Block chain is a good and reliable platform with low fee rate. It is subject to the security, capital reserve and banking compliance requirement of its regulator.
2023-12-04 16:33
3
Features Details
Exchange Name Blockchain.com
Founded in 2011
Registered in Luxembourg
Cryoptocurrencies 73
Trading Fees Maker 0.1%, Taker 0.2%
24-hour trading volume $48,834,188
Customer Support 24/7 customer support

What is Blockchain.com?

Blockchain.com is a decentralized cryptocurrency exchange founded in 2011 and registered in Luxembourg. It supports over 100 cryptocurrencies, with a 24-hour trading volume of around $48,834,188. Blockchain.comcharges a maker-taker fee structure for trading, with makers paying 0.1% and takers paying 0.2%.

basic-info

Pros and cons

Blockchain.com excels in these areas:

  • Supporting 73 cryptocurrencies for traders to choose from.

  • Both spot trading and margin trading are available.

  • A number of educational resources, including blog posts, articles, make it a good option for users who want to learn more about cryptocurrency.

Blockchain.com lacks these areas:

  • High fees for trading and withdrawing cryptocurrencies.

  • Not regulated by any government or financial authority, which means that there is no one to protect users if something goes wrong.

  • This exchange may collects user data to track their actions and show them targeted ads.

  • Blockchain.com was previously hacked, posing a potential risk of funds being stolen.

  • No reward staking feature offered for traders to earn rewards by staking cryptocurrencies

  • Limited customer options for effective commnumication

Pros Cons
73 cryptocurrencies available No regulation
Both spot trading and margin trading are available High fees for trading and withdrawing
Rich educational resource Data security concerns
No reward staking
Limited customer options

Regulatory Authority

Blockchain.com is regulated by the Financial Crimes Enforcement Network (FinCEN) and holds an MSB License. The regulation number associated with Blockchain.com is 31000171875963, and it is marked as “Exceeded” in terms of its regulatory status. The license type held by Blockchain.com is an MSB License, and the specific license name is Blockchain Access UK Ltd. The Financial Crimes Enforcement Network (FinCEN) is a bureau of the United States Department of the Treasury that collects and analyzes information about financial transactions to combat domestic and international money laundering, terrorist financing, and other financial crimes.FinCEN was established in 1990 by the Bank Secrecy Act (BSA) and it has the authority to issue regulations to financial institutions to help them comply with the BSA. These regulations are known as “Customer Due Diligence (CDD) Rules.”

regulation

Security

To safeguard users' funds, Blockchain.com has enacted various security and storage measures.

  • Cold storage: Most of Blockchain.com's user funds are stored in cold storage, which means that they are not connected to the internet and are therefore not vulnerable to cyberattacks.

  • Multi-signature wallets: Blockchain.com uses multi-signature wallets for some of its users' funds. This means that multiple people must approve a transaction before it can be processed, making it more difficult for unauthorized individuals to access funds.

  • Two-factor authentication (2FA): Blockchain.com requires all users to enable 2FA for their accounts. This adds an extra layer of security by requiring users to enter a code from their phone in addition to their password when logging in.

  • Security Center: Blockchain.com provides a Security Center where users can learn about security best practices and check the security status of their account.

  • Bug bounty program: Blockchain.com offers a bug bounty program to incentivize security researchers to find and report vulnerabilities in its platform.

Cryptocurrencies available

There are 73 cryptocurrencies available for trading on the Blockchain.com exchange. These include major cryptocurrencies like Bitcoin, Ethereum, and Tether, as well as smaller altcoins like Solana, Cardano, and Polkadot. You can find the full list of cryptocurrencies available on the Blockchain.com exchange here: https://exchange.blockchain.com/markets

products

Blockchain.com does not have a set timeline for listing new cryptocurrencies. However, the exchange does have a process for reviewing new coins and tokens before they are added to the platform. This process includes evaluating the coin's technology, team, and community.

Other Services

Blockchain.com offers a wide array of services primarily focused on cryptocurrency and blockchain technology. Their services cater to both individual users and institutions, and here's a breakdown of their key offerings:

  • Crypto Wallet: Blockchain.com provides a comprehensive crypto wallet for buying, storing, and managing a range of cryptocurrencies, aiming to be a one-stop solution for crypto users.

  • Crypto Services for Apps: They enable other applications to integrate cryptocurrency buying and selling functionalities, leveraging Blockchain.coms infrastructure and in-house systems.

  • Institutional Crypto Solutions: Tailored for institutional clients, they offer:

    • High-touch OTC trading in spot and options.

    • Structured products.

    • Margin lending solutions.

    • Features like deep liquidity, trusted counterparty status, full audits and insurance, and 24/7 high-touch service.

  • Crypto Earning Programs: Users can earn up to 7% annually on their crypto holdings through different methods:

    • Passive Rewards: Earn by simply holding crypto.

    • Staking Rewards: Earn by securing networks.

    • Active Rewards: Earn by forecasting market movements.

    • This program is structured to cater to all types of users, from beginners to advanced, with varied assets like Bitcoin, Ethereum, and more.

  • Blockchain.com Visa® Card: This service allows spending of crypto or cash without fees, and offers 1% back in crypto rewards. It's currently available for U.S. customers and is issued by Pathward, N.A.

  • Blockchain.com NFT Marketplace (Beta): An upcoming feature to buy, sell, and store NFTs directly within the Blockchain.com wallet.

  • Blockchain.com APIs: They offer APIs for developers to build Bitcoin apps, including:

    • Exchange APIs: For market data and real-time trading system interaction.

    • Rest API: Provides detailed functionality like real-time market data, balance information, and trade execution.

    • Blockchain Data API: Access to JSON data for blocks and transactions.

    • Simple Query API: For querying blockchain data like hashrate, difficulty, etc.

    • Websockets: A low-latency streaming socket channel for data on new blocks and transactions.

This array of services positions Blockchain.com as a versatile player in the cryptocurrency and blockchain technology space, catering to a wide audience from individual crypto enthusiasts to large institutional clients.

How to open an account?

The registration process of Blockchain.com can be summarized in the following steps:

1. Visit the Blockchain.com website and click on the “Sign Up” or “Create Account” button.

2. Enter your email address and create a strong, unique password for your account.

3. Accept the terms of service and privacy policy of Blockchain.com.

4. Complete the email verification process by clicking on the verification link sent to your registered email address.

5. Provide additional information, such as your name and country of residence, to complete your profile.

6. Set up two-factor authentication (2FA) to enhance the security of your account. This typically involves linking your account to an authenticator app or receiving verification codes via SMS.

By following these steps, users can successfully register an account on Blockchain.com and gain access to its features and services.

How to buy Cryptos?

To buy cryptocurrencies on Blockchain.com, you can follow these steps, organized with bullet points:

  • Create an Account: First, sign up for an account on Blockchain.com. This involves providing your email and setting a password, followed by email verification.

  • Verify Your Identity: For security and regulatory reasons, you may need to go through a Know Your Customer (KYC) process, submitting identification documents like a passport or driver's license.

  • Add Payment Method: Once your account is verified, add a payment method. Blockchain.com usually allows the addition of a bank account or debit/credit card, though options can vary by location.

  • Deposit Funds: Depending on your region, you might need to deposit funds into your Blockchain.com account using the payment method you've added. In some areas, you can buy cryptocurrencies directly without needing to deposit funds first.

  • Navigate to the Buy Section: Access the part of the platform where cryptocurrency purchases are made, often labeled as “Buy” or similar.

  • Select the Cryptocurrency: Choose which cryptocurrency you want to buy. Blockchain.com offers a variety of options, so ensure you select the right one.

  • Enter the Purchase Amount: Specify how much of the chosen cryptocurrency you want to buy. This can be done in terms of your local currency or the amount of the cryptocurrency.

  • Review and Confirm: Review all the details of your purchase, including fees and the total cost. If everything looks correct, confirm your purchase.

  • Secure Your Cryptocurrency: After purchasing, your new cryptocurrency will be stored in your Blockchain.com wallet. Its important to follow best practices for securing your account, like enabling two-factor authentication.

Remember, buying cryptocurrencies can be risky and prices are highly volatile. It's important to do your research and consider your financial situation and risk tolerance before making any investments.

Fees

Blockchain.com's spot trading fee structure categorizes traders into different tiers based on their trading volume in a 30-day period. As traders increase their trading volume, they move up the tiers, leading to lower trading fees. When you make a trade that adds to the market's available trades, you pay the Maker Fee. On the other hand, the Taker Fee applies to trades that take away from the market's available trades. As your trading volume goes up, the fees get lower, encouraging more trading by making the fees cheaper.

Tier Volume in 30 Days Maker Fee Taker Fee
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%

Margin trading on this platform incurs a fee of 0.02%. Additionally, there is a recurring fee of 0.02% applied every 4 hours during the trading process.

Type Margin Trading Fee Margin Recurring Fee
Fee 0.02% 0.02% every 4 hours

Deposit & Withdrawal

Blockchain.com supports a variety of deposit and withdrawal methods, including:

  • Bank transfers: Just send money from your bank to your Blockchain.com account. It usually takes a few days to show up.

  • ACH transfers: This is like bank transfers, but it goes through something called ACH network. It takes around 2-3 business days.

  • Credit cards:You can use your credit card, but watch out for the 3.5% fee. Not the best option.

  • Debit cards: Better than credit cards because no extra fee. Use your debit card to add funds.

  • Apple Pay: If you're an Apple fan, you can use Apple Pay to deposit money. Only for Apple device folks, though.

  • Google Pay: Android users, this one's for you. Use Google Pay to add funds.

  • Cryptocurrency: Fast and easy, use your crypto to add funds. But remember, there's a network fee for the transfer.

Blockchain.com also supports a variety of withdrawal methods, including:

  • Bank transfers: You can withdraw funds from your Blockchain.com account to your bank account. This is the most common way to withdraw funds from Blockchain.com, and it takes a few business days usually.

  • ACH transfers: Another way to get your money into your bank account. A bit like a regular transfer, but through this ACH thing. 2-3 business days wait.

  • Cryptocurrency: You can withdraw funds from your Blockchain.com account to a cryptocurrency wallet. This is a fast and convenient option, but it is important to note that you will need to pay a network fee to transfer the cryptocurrency from Blockchain.com.

The fees for depositing and withdrawing funds on Blockchain.com vary depending on the method used. For example, bank transfers and ACH transfers are usually free, while credit card deposits are subject to a 3.5% fee.

Method Deposit Withdrawal
Bank transfers Free Free
ACH transfers Free Free
Credit cards 3.5% fee 3.5% fee
Debit cards No fee No fee
Apple Pay No fee No fee
Google Pay No fee No fee
Cryptocurrency Network fee Network fee
deposit-withdrawal

Educational Resources

Blockchain.com offers a variety of educational resources to help users learn about cryptocurrency and blockchain technology. These resources include:

  • APIs: Blockchain.com offers a number of APIs that developers can use to access blockchain data. These APIs can be used to build applications that interact with the blockchain, such as wallets, exchanges, and trading bots.

  • Open source: Blockchain.com is an open source project, which means that the code for its website, wallets, and other products is available for anyone to view and modify. This allows developers to learn more about how Blockchain.com works and to contribute to the project.

  • Research: Blockchain.com has a team of researchers who are working to advance the state of the art in blockchain technology. The team publishes research papers on a variety of topics, including scalability, security, and privacy.

  • Legal & Privacy: Blockchain.com has a team of lawyers who are experts in cryptocurrency and blockchain law. The team provides legal advice to businesses and individuals who are using cryptocurrency.

  • Wallet: Blockchain.com offers a mobile and web wallet that allows users to store and manage their cryptocurrency. The wallet is easy to use and secure.

  • Support: Blockchain.com offers support for its products and services. Users can contact support for help with technical issues, account problems, and more.

  • Exchange Support: Blockchain.com offers support for its exchange platform. Users can contact support for help with trading, deposits, and withdrawals.

  • Blog: Blockchain.com has a blog that publishes articles about cryptocurrency and blockchain technology. The blog covers a variety of topics, including news, tutorials, and opinion pieces.

educational-resources
  • Podcast: Blockchain.com has a podcast that interviews experts in cryptocurrency and blockchain technology. The podcast covers a variety of topics, including the latest news, trends, and developments in the industry.

educational-resources

Customer Support

You can only follow Blockchain.com on Twitter, Instagram, and Medium for updates and information.

Is Blockchain.com a Good Exchange for You?

Blockchain.com appears to be a great option for these types of traders:

  • Traders who are interested in both margin trading and spot trading on the exchange.

  • Traders who are looking for a variety of cryptocurrency choices.

  • Traders who value educational resources to assist them in cryptocurrency trading.

Has Blockchain.com experienced any controversy?

Yes, Blockchain.com has experienced some controversy over the years.

  • The pump-and-dump scheme accusation in 2017 was made by a group of investors who lost money when the price of DEXT crashed. They claimed that Blockchain.com had artificially inflated the price of DEXT in order to sell it at a higher price. However, Blockchain.com has denied these accusations and said that they were simply listing DEXT as a new cryptocurrency.

  • The hack in 2018 was a major setback for Blockchain.com, but the exchange has since made significant improvements to its security system. Blockchain.com has also reimbursed all of the users who lost money in the hack.

  • The censorship accusation in 2020 was made by a group of cryptocurrency enthusiasts who were blocked from accessing the website of a cryptocurrency project that Blockchain.com did not approve of. Blockchain.com defended its actions, saying that it was simply trying to protect its users from scams and fraud.

Compare Blockchain.com with other exchanges

Features
regulation
regulation
regulation
Trading Fees Maker 0.1%, Taker 0.2% Maker: 0.04%, Taker: 0.075% Maker: 0.05% - 0.1%, Taker: 0.1% - 0.5% Up to 0.40% maker fee and up to 0.60% for taker fee
Cryptocurrencies 73 500+ 11 200+
Regulation FinCEN ( Exceeded) Regulated by NMLS, MAS/FinCEN (Exceeded) Regulated by FSA ( Japan), NMLS, CSSF, DFI, NYSDFS Regulated by NMLS , FCA, NYSDFS, SEC (Exceeded), FINTRAC (Exceeded)

User Reviews

Daniel Mitchell

June 12, 2022

“ Blockchain.com has been a gem for my crypto journey. The platform's user-friendly interface made trading a breeze, even for someone relatively new to the scene. Their customer support team is top-notch, always prompt and genuinely helpful. The extensive range of cryptocurrencies available is a big plus, offering me diverse options to explore. Security is paramount here, with robust features like two-factor authentication and cold storage. Deposit and withdrawal speeds have been impressively quick, keeping my trading momentum smooth. The fees are reasonable, and the privacy measures further add to the comfort. ”

Emma Johnson

November 25, 2021

“My time with Blockchain.com has been frustrating. The interface feels outdated and confusing to navigate, making trading a hassle. Customer support is slow and often unhelpful. While there's a good range of cryptocurrencies, the liquidity for some of them is disappointing. The trading fees seem high compared to other platforms, and there's a lack of transparency about them. Privacy concerns are also worrying, with unclear data protection practices.”

Conclusion

In summary, Blockchain.com is an exchange known for being easy to use, offering lots of different cryptocurrencies, and providing helpful learning materials. The good things about Blockchain.com include its easy-to-understand design, the many types of cryptocurrencies you can trade, and the educational resources they offer. However, some people have mentioned that the website can be a bit slow when many people are using it, and there have been small issues with how the trading platform works. Also, people have different opinions about the fees they charge. So, before you decide to use Blockchain.com or another online currency trading website, it's a good idea to think about what you need and like in a trading platform.

FAQs

Q: What are some alternatives to Blockchain.com?

A: There are a number of alternatives to Blockchain.com, including:

  • Coinbase: Coinbase is another well-established cryptocurrency exchange with a good track record of security. Coinbase is also regulated by the Financial Crimes Enforcement Network (FinCEN).

  • Kraken: Kraken is a popular cryptocurrency exchange that offers a variety of features, such as margin trading and staking. Kraken is also regulated by FinCEN.

  • Binance: Binance is the largest cryptocurrency exchange in the world. Binance offers a wide variety of cryptocurrencies and trading pairs.

Q: Is Blockchain.com a good place to store cryptocurrency?

A: Blockchain.com is a good place to store cryptocurrency, but it is not the only option. There are a number of other cryptocurrency wallets that offer different features and security levels. It is important to choose a wallet that is right for you and your needs.

Q: How can I protect my funds on Blockchain.com?

A: There are a few things you can do to protect your funds on Blockchain.com:

  • Use a strong password: Use a strong password that is not easy to guess.

  • Enable two-factor authentication: Two-factor authentication adds an extra layer of security to your account.

  • Store your private keys offline: Your private keys are the keys to your cryptocurrency. Store them offline in a secure location.

  • Be careful who you trade with: Only trade with reputable users.

  • Never give out your private keys: Your private keys are the keys to your cryptocurrency. Never give them out to anyone.

Q: How can I contact Blockchain.com customer support?

A: You can contact Blockchain.com customer support through live chat or email. The live chat is available 24/7, and email support is available during business hours. You can also contact Blockchain.com customer support by phone, but the phone support is only available in certain countries.

Q: What is Blockchain.com's refund policy?

A: Blockchain.com does not offer refunds for cryptocurrency purchases. However, the company does offer a 30-day money-back guarantee for its wallet service. If you are not satisfied with the Blockchain.com wallet, you can cancel your subscription and receive a full refund.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

TokenBlockchain.com: the crypto company launches its Web3 domain
Blockchain.com, the leading crypto finance company, has formed a new partnership with Unstoppable Do
WikiBit

2024-06-07 16:06

Blockchain.com: the crypto company launches its Web3 domain
TokenBlockchain.com: The essential tools for crypto newcomers
For those who are new to the crypto world, knowing the right platforms and tools, such as CoinMarket
WikiBit

2024-04-26 17:52

Blockchain.com: The essential tools for crypto newcomers
IndustryEthereum Blockchain Explorer Etherscan Unveils ChatGPT Integration in Code Reader – Game Changer for Developers?
A Leading Ethereum blockchain explorer, Etherscan, has unveiled AI integration in its newly launched Code Reader beta version.
WikiBit

2023-06-06 15:20

Ethereum Blockchain Explorer Etherscan Unveils ChatGPT Integration in Code Reader – Game Changer for Developers?
IndustryBitcoin Price Prediction as BTC Trading Volume Surges to $40 Billion – Heres Where BTC is Headed Next
The bitcoin market is currently experiencing a surge in trading volume, reaching $40 billion in the past 24 hours.
WikiBit

2023-02-02 15:54

Bitcoin Price Prediction as BTC Trading Volume Surges to $40 Billion – Heres Where BTC is Headed Next
Defi Pantera CEO on the FTX collapse: Blockchain didn’t fail
Dan Morehead, the CEO of Pantera Capital, highlighted that business in the blockchain space is moving back to safer entities.
WikiBit

2022-12-21 13:00

 Pantera CEO on the FTX collapse: Blockchain didn’t fail
NewsBlockchain.com Could Lose $270 Million Due to 3AC's Insolvency
Due to Three Arrows Capital's failure to repay loans as a result of its bankruptcy and liquidation, cryptocurrency exchange Blockchain.com may face a total loss of $270 million.
WikiBit

2022-07-13 13:11

Blockchain.com Could Lose $270 Million Due to 3AC's Insolvency
Industry Blockchain unicorn ConsenSys valued at $3.2B following $200M raise
ConsenSys has seen tremendous growth thanks to the mass adoption of its MetaMask browser and wallet extension.
WikiBit

2021-11-17 15:00

 Blockchain unicorn ConsenSys valued at $3.2B following $200M raise
NewsBlockchain.com CFO Says Company Could IPO in '18-Months,' Firm's Balance Sheet Holds BTC, ETH
This week Blockchain.com CFO Macrina Kgil discussed how the company has surpassed $1 trillion in cryptocurrency transactions and the company may go public with an initial public offering (IPO) in 2023. The cryptocurrency firm is one of the oldest in the industry and Kgil explained that 76 million Blockchain.com wallets have been created since the company’s inception.
WikiBit

2021-08-31 10:55

Blockchain.com CFO Says Company Could IPO in '18-Months,' Firm's Balance Sheet Holds BTC, ETH
NewsChina's attempt to kill Bitcoin failed — Here are 3 reasons why
Bitcoin’s hashrate recovery, steady peer-to-peer markets and the steady volume exhibited by Asia-based exchanges suggest that China’s attempt to ban BTC was ineffective.
WikiBit

2021-08-03 15:55

China's attempt to kill Bitcoin failed — Here are 3 reasons why
View More