The Blockchain.com wallet is a versatile cryptocurrency wallet offering both custodial and non-custodial solutions. Designed for beginners and advanced users alike, it combines storage, trading, and earning functionalities in one platform. This review covers its key features, security measures, fees, and alternatives to help you decide if it’s the right wallet for your crypto needs.
Blockchain.com Wallet Overview
Launched in 2011, Blockchain.com is one of the oldest and most trusted names in crypto. Its hybrid wallet model allows users to choose between:
- Self-custody (non-custodial): Full control over private keys.
- Custodial: Blockchain.com manages keys for convenience.
The wallet supports BTC, ETH, USDT, BCH, XLM, AVAX, and ERC-20 tokens, with built-in trading, staking, and DeFi access.
| Feature | Details |
|---|---|
| Type | Hybrid (custodial + non-custodial) |
| Platforms | Web, iOS, Android |
| Security | 2FA, biometric login, AES-256 encryption, cloud backup |
| Fees | Free wallet; network fees apply for transactions and swaps |
Key Features
1. Hybrid Custodial Options
- Non-custodial: Ideal for users prioritizing security and control.
- Custodial: Simplifies recovery and daily transactions.
2. Built-in Trading
- Buy, sell, or swap crypto directly in the app.
- Supports fiat-to-crypto purchases via bank cards.
3. Earn Interest
- Stake select coins (e.g., BTC, ETH) to earn passive income.
4. User-Friendly Interface
- Clean design with intuitive navigation for beginners.
Pros and Cons
✅ Pros
- Flexible custody options.
- All-in-one trading and earning tools.
- Strong security with 2FA and encryption.
- Trusted brand with a decade-long reputation.
❌ Cons
- Limited altcoin support compared to competitors.
- Not open-source.
- Regional restrictions on certain features.
Security Analysis
Blockchain.com employs multiple layers of protection:
- Two-factor authentication (2FA) for logins and transactions.
- Biometric login (fingerprint/face ID) on mobile.
- Cloud backup for recovery phrases (encrypted).
👉 Note: The wallet is not open-source, which may concern transparency-focused users.
Supported Coins
The wallet supports major cryptocurrencies:
- Bitcoin (BTC)
- Ethereum (ETH)
- Tether (USDT)
- Bitcoin Cash (BCH)
- Stellar (XLM)
- Avalanche (AVAX)
- ERC-20 tokens
How to Set Up the Wallet
- Download the App: Available on iOS and Android.
- Choose Custody Mode: Opt for self-custody or custodial.
- Secure Your Wallet: Enable 2FA and backup your recovery phrase.
- Fund Your Wallet: Deposit crypto or buy via fiat.
Alternatives
| Wallet | Key Difference | Best For |
|---|---|---|
| Trust Wallet | Non-custodial, wider DeFi support | Advanced DeFi users |
| Coinbase Wallet | Self-custody + NFT focus | NFT traders |
| MetaMask | Ethereum/DeFi-centric | Developers & DeFi enthusiasts |
FAQ
Q: Is KYC required?
A: Only for trading/fiat purchases. Self-custody mode doesn’t require verification.
Q: Can I connect a hardware wallet?
A: No, Blockchain.com doesn’t support hardware wallets.
Q: Does it support NFTs?
A: Not currently.
Q: Is it a cold wallet?
A: No—it’s a hot wallet (internet-connected).
Conclusion
The Blockchain.com wallet excels in flexibility, combining custodial ease with self-custody security. Its integrated trading and staking features make it a strong choice for everyday crypto management. However, if you need broader altcoin support or open-source transparency, explore alternatives like Trust Wallet or MetaMask.
👉 Explore Blockchain.com Wallet
For more insights, check out our guide to secure crypto storage.