Blockchain.com Review 2023: Features, Fees, Pros, and Cons

Blockchain.com is an all-around crypto trading solution and was one of the first crypto wallet providers in the space.

  • December 22, 2022
  • 6 Min Read

Our Take on Blockchain.com

4.4
Milk Road Rating

The Bottom Line

Blockchain.com is an established crypto investment and trading services provider with a varied portfolio of tools and worldwide availability. The platform is suitable for private and institutional investors alike, attracting high-trading volume users with a flexible fee structure.

A leader in Crypto since 2011

Blockchain.com
Learn More

On Blockchain.com's website

Cryptocurrencies

30+

Fees

0%-0.45%

Usa Friendly

No

Yield

Staking

Blockchain.com was one of the first crypto exchanges to launch after the introduction of Bitcoin as the first widely recognized cryptocurrency. Established in 2011 as a simple block explorer, the platform has since evolved as an all-around crypto trading and investment solution.

With headquarters in Luxembourg, Blockchain.com caters to customers not only in Europe but all over the world, with availability in over 110 countries. Read on to find out all about Blockchain.com, its products and fees, and how the platform fares compared to its main competitors.

What is Blockchain.com?

Blockchain.com is an all-around crypto trading solution and wallet provider with a long-standing history in the space. Check out some of the key elements and data points for Blockchain.com below:

ProductsExchange, spot trading, margin trading, staking
Supported currenciesCrypto: over 20 tokens including BTC, ETH, and USDC | Fiat: USD, GBP and EUR
FeesAs low as 0.00% maker fee, and 0.06% taker fee depending on trading volume
Withdrawal feeBetween $0 and $25 depending on withdrawal method
AvailabilityAvailable in over 110 countries, including the US *except New York
Minimum transaction value$1

How Does Blockchain.com Work?

Blockchain.com is a cryptocurrency exchange and wallet provider that aims to bring investors a complete suite of crypto investment products. Thanks to the integrated exchange and trading services, the Blockchain.com wallet is suitable for traders looking to invest on the go and with flexibility.

The platform offers diverse investment services, including spot trading, margin trading, and crypto token staking. With a long-standing history in the crypto space, Blockchain.com has processed over $1 trillion in crypto transactions since its launch in 2011.

Blockchain.com Pros and Cons

Pros

  • Fees become lower the more you trade on Blockchain.com
  • Available in over 150 countries
  • Additional functions like block explorer and upcoming Visa card

Cons

  • Focused on Ethereum-based currencies
  • Fee advantages only for high-trading volume investors



Blockchain.com Features

Blockchain.com was one of the first all-around crypto trading sites to come to market. The platform offers numerous investment services for private and institutional traders alike.

Exchange

One of the main purposes of the Blockchain.com platform is to serve as an asset exchange. The platform supports over 90 trading pairs, including BTC, ETH, stablecoins, and more. Moreover, Blockchain.com has a white glove program, allowing high-activity traders who trade over $100,000 in volume in a 30-day period to benefit from lower fees on the platform.

Blockchain.com exchange

Margin Trading

Margin trading is an advanced service offered on the Blockchain.com exchange. This allows users to perform trades with collateral assets that they do not own. This is extremely helpful when volatility sweeps over the crypto market, allowing investors to still perform trades, but protect their portfolios. Importantly, Blockchain.com has a relatively low margin trading fee of 0.02% every four hours.

Blockchain.com margin trading

Spot Trading

Spot trading is the traditional trading mechanism where investors purchase and sell assets to build their portfolios. Unlike margin trading, spot trading on Blockchain.com requires traders to have the required capital at hand in order to complete a trade. The platform also supports automated spot trades, which are triggered automatically when an asset reaches a certain price tag.

Blockchain.com has a flexible fee structure for spot trading, which recognizes trading activity. The more a trader uses spot trading and builds up trading volume, the lower the fees charged by the platform.

Blockchain.com spot trading

Staking and Rewards

Blockchain.com’s native wallet allows traders to stake funds from their portfolios and earn passive income in the form of interest. The Staking and Rewards function offers traders a way to maximize their returns without exposing their portfolio assets to risk. With weekly, monthly, or yearly lockups, traders can earn up to 10% of the value of their staked assets on a yearly basis.

Blockchain.com staking

Cryptocurrency Wallet

To enhance security for its users, Blockchain.com has created a private key cryptocurrency wallet to offer to traders. This wallet is completely controlled by the user, who is the sole owner of the private keys securing it. The wallet supports storage of tens of different cryptocurrency assets, including AAVE, BTC, ETH, and USDC, as well as fiat currencies like USD and EUR. Users of the Blockchain.com wallet can easily view their portfolio value and how much each asset represents of the overall value of their net worth.

Blockchain.com crypto wallet

Trading Wallet

Aside from simple storage of assets, the Blockchain.com wallet supports trading functions as well. Users can purchase, sell, and trade crypto directly through the wallet platform or mobile application. What’s more, traders can purchase crypto directly with their debit or credit card, making the on-ramp process easy and accessible.

Blockchain.com trading wallet

Explorer

The Blockchain.com Explorer is a one-stop shop for all things crypto. The hub allows you to track the prices of your favorite tokens, read the latest news from the crypto space, and create your own comparison charts and price analysis dashboards. With the explorer, you can also perform detailed transaction history analysis and blockchain contract activity.

Blockchain.com explorer

NFTs

Blockchain.com has decided to further its portfolio of products by launching beta support for NFTs as well. Integrating with the largest secondary marketplace for NFTs, OpenSea, Blockchain.com aims to bring an all-around crypto solution to its users. The NFT integration will allow users to buy, sell, and view the NFTs they own directly through their Blockchain.com wallet.

Blockchain.com NFTs

Institutional

While Blockchain.com focuses mainly on individual investors, the company's Radial platform offers services to institutional investors. Radial supports spot trading, derivatives trading, and lending tools aimed at giving institutional investors access to the crypto market.

Blockchain.com Institutional

Visa Card

To keep up with the ever-evolving crypto space, Blockchain.com is also working on rolling out dedicated Visa cards tied to the platform’s wallet. This is not yet available, but interested users can sign up on the waitlist. According to the preliminary announcement for the card, users will be able to spend their crypto and earn up to 1% in cashback.

Blockchain.com Visa card

What Countries Are Supported?

Blockchain.com is one of the best-recognized crypto trading and wallet providers in the space. In order to reach as many users as possible, the platform is available in over 110 countries. You can view the full list here.

Importantly, some regions, including the US state of New York, are not yet covered by Blockchain.com’s support. However, users who do not find their country or region among the list of those supported are encouraged to contact the platform, as it is constantly working to broaden its reach.

Blockchain.com Fees

Blockchain.com has one of the most flexible fee structures in the crypto space. Instead of charging fixed fees, the platform encourages investors to boost their trading volume, which diminishes their spot trading fees. Find out more about Blockchain.com fees from the table below:

Spot Trading Fees

Volume in 30 daysMaker FeeTaker Fee
$0.00 - $9,999.990.40%0.45%
$10,000.00 - $49,999.990.17%0.35%
$50,000.00 - $99,999.990.15%0.18%
$100,000.00 - $499,999.990.08%0.18%
$500,000.00 - $999,999.990.07%0.18%
$1,000,000.00 - $2,499,999.990.06%0.18%
$2,500,000.00 - $4,999,999.990.05%0.18%
$5,000,000.00 - $24,999,999.990.04%0.16%
$25,000,000.00 - $99,999,999.990.03%0.14%
$100,000,000.00 - $499,999,999.990.02%0.11%
$500,000,000.00 - $999,999,999.990.01%0.08%
$1,000,000,000.00+0.00%0.06%

Other Fees

Margin trading fee0.02%
Recurring margin trading fee0.02% every four hours
Deposit feesNo deposit fees
Withdrawal feesOPEN BANKING (EUR) - € 0.50 (Minimum Withdrawal: €5), SEPA (EUR) - € 0.50 (Minimum Withdrawal: €5), Wire (USD) - $25 (Minimum Withdrawal: $2,500), FPS (GBP) *UK residents only - £0.50 (Minimum Withdrawal: £5), ACH (USD) *US residents only - Free (Minimum Withdrawal: $10)

What Wallets Are Supported?

Blockchain.com relies on its native wallet to ensure the security of its customer’s funds. The wallet is accessible both on mobile and on desktop. In order to use the Blockchain.com exchange and trading features, users will have to transfer funds to the platform’s native wallet.

Cryptocurrency Available on Blockchain.com

Blockchain.com strives to offer its users as much flexibility as possible. To do that, the platform supports a wide range of Ethereum-based tokens, including:

  • Bitcoin (BTC)
  • Ether (ETH)
  • Bitcoin Cash (BCH)
  • Stellar lumens (XLM)
  • Pax Dollar (USDP)
  • Tether USD (USDT)
  • USD Coin (USDC)
  • Wrapped Bitcoin (wBTC)
  • Yearn.finance (YFI)
  • Aave (AAVE)
  • Litecoin (LTC)
  • Polkadot (DOT)
  • Dogecoin (DOGE)
  • DeSo (DESO)
  • Algorand (ALGO)
  • Celo Euro (cEUR)
  • Solana (SOL)
  • NEAR Protocol (NEAR)
  • Stacks (STX)
  • Cardano (ADA)
  • Uniswap (UNI)
  • Sushiswap (SUSHI)
  • ApeCoin (APE)
  • Curve (CRV)
  • Ethereum Classic (ETC)
  • Compound (COMP)
  • Chainlink (LINK)
  • Synthetix (SNX)
  • TRON (TRX)
  • Chiliz (CHZ)
  • Gala (GALA)

How to Sign up For Blockchain.com

Signing up for Blockchain.com is easy. Follow the detailed walkthrough below to get started on the platform.

Step 1: Visit blockchain.com and click on the “Sign Up” button in the top right corner.

Blockchain.com signup

Step 2: Fill in your email address, preferred password, and country of residence. Click on “Continue” when you are done.

Blockchain.com create account

Step 3: Verify your email address.

Blockchain.com verify email

Step 4: You can now log in to the platform. You can also use the Blockchain.com mobile app to log in.

Blockchain.com login

Step 5: Complete your identity verification and load your wallet with crypto to start using the platform.

Blockchain.com identity verification

Step 6: Fill in your name and date of birth.

Blockchain.com DOB

Step 7: Fill in your residential address information.

Blockchain.com address

Step 8: Fill in your “Use of account” information.

Blockchain.com use of account

Step 9: Select a document you would like to use for the identity verification check.

Blockchain.com select ID type

Step 10: Wait for the verification process to go through and for your documents to be checked.

Blockchain.com ID verification

Blockchain.com Security Features

In the crypto space, security is of the utmost importance, and Blockchain.com strives to ensure that by employing numerous security features.

Two-factor Authentication (2FA)

Blockchain.com users have the option to enable two-factor authentication (2FA) when logging into their profiles. 2FA requires users to confirm their login through an outside channel like their email or mobile phone. This added layer of security protects traders from possible hacks on their accounts and ensures that their portfolio is safe even if one of the users’ devices is compromised.

Private Wallet Keys and Secret Phrase

Another important security feature for the Blockchain.com wallet is the private key and secret recovery phrase. One of the main principles in the crypto space is “not your keys, not your funds” and this is why Blockchain.com gives users ultimate control over their crypto wallet.

The secret phrase is the only way to access the Blockchain.com wallet from a new device, while the private keys make the transfer to a new device easy. However, these two phrases should be kept safe, as whoever has access to them has access to the users’ wallets.

Blockchain.com Compared to Other Exchanges

Blockchain.com is one of the pioneers in the crypto space when it comes to wallet and exchange services. However, as the space keeps growing and developing, competitors are popping up, challenging the platform position. Check how Blockchain.com compares to its main competitors below.

Blockchain.com vs. Coinbase

Coinbase is one of the best-recognized crypto exchanges, especially in the United States. In terms of minimum transaction value and fees, the exchange offers similar terms as Blockchain.com. However, Coinbase has very limited availability, confined only to three main countries, while Blockchain.com offers its services in over 110 countries.

Blockchain.comCoinbase
FeesFlexible, as low as 0.00% depending on trading volume0%–0.6%
Minimum transaction value$11.00 of digital currency denominated in local currency
AvailabilityOver 110 countries Only available in: US, Canada, United Kingdom

Blockchain.com vs. Crypto.com

Crypto.com is a versatile trading platform and wallet provider that aims to make trading easy through its rich mobile app offering. One of the main advantages the platform has compared to Blockchain.com is the fact that Crypto.com does not have a minimum transaction value requirement. On the other hand, Blockchain.com has a much broader availability, including 110+ more countries in its supported territories.

Blockchain.comCrypto.com
FeesFlexible, as low as 0.00% depending on trading volumeFlexible, as low as 0.0500% depending on account level
Minimum transaction value$1No minimum trading amount
AvailabilityOver 110 countries Over 100 countries

Blockchain.com vs. Binance

While Binance started out as the leading crypto exchange in Asia, its reach has now spread all over the world. The platform offers similar conditions to Blockchain.com when it comes to minimum transaction value. However, Blockchain.com can be more suitable for active investors with high trading volume as the platform offers a flexible fee structure, unlike Binance.

Blockchain.comBinance
FeesFlexible, as low as 0.00% depending on trading volume0.015%–0.1%
Minimum transaction value$1$1
AvailabilityOver 110 countries Available globally, and in the US as Binance US

Blockchain.com Review and Final Thoughts

Blockchain.com is an all-around crypto trading and investment solution that offers users both exchange functions and a secure crypto wallet service. Thanks to its floating fee structure, the platform is extremely suitable for active investors with high monthly trading volumes.

Frequently Asked Questions

  • Is Blockchain.com a legit site?

    Expand to learn more

    Blockchain.com is a licensed financial services provider with a certification from the Nationwide Multistate Licensing System. The platform has a long-standing history in the space, since its establishment in 2011.

  • What does Blockchain.com do?

    Expand to learn more

    Blockchain.com offers crypto trading services and a native cryptocurrency wallet.

  • How do I get my money out of Blockchain.com?

    Expand to learn more

    Depending on the currency you want to withdraw, you can use direct bank transfer, SEPA, wire, or ACH transfers. You can also send crypto from your Blockchain.com wallet to another wallet.

  • Is Blockchain.com a good wallet?

    Expand to learn more

    The Blockchain.com wallet gives customers complete control over their assets. The wallet keys and secret recovery phrase are only available to the user, and the platform supports two-factor authentication.

  • Who is behind Blockchain.com?

    Expand to learn more

    Blockchain.com was founded in 2011 by Benjamin Reeves, Nicolas Cary, and Peter Smith, with Mr. Smith serving as the CEO. The company’s headquarters are located in Luxembourg City, Luxembourg. Blockchain.com is currently valued at $14 billion with investments from companies like DST Global, Lightspeed Venture Partners, and VY Capital.

Contributors

  • Avatar of Hristina Yordanova

    Hristina Yordanova is an experienced cryptocurrency journalist with numerous works published in leading outlets like CoinMarketCap and DappRadar. She is passionate about the web3 space, DeFi, and NFTs.

  • Avatar of Gary Anglebrandt

    Gary Anglebrandt is a US-based editor, copywriter, and communications consultant with a background in business and international news. Beyond the US, he has worked from Seoul and Beijing, and continues to work with professionals based around the globe.