Blockchain.com Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Proprietary platform
- Investment programs available
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Proprietary platform
- Investment programs available
Our Evaluation of Blockchain.com
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Blockchain.com is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.69 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Blockchain.com clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Blockchain.com is a cryptocurrency exchange and cryptocurrency storage service. The company is focused on cryptocurrency/fiat exchange and provides services in over 200 countries worldwide.
Brief Look at Blockchain.com
Blockchain.com is one of the earliest cryptocurrency exchanges and has been operating since 2011. During 10 years of activity, the company's turnover amounted to $800 billion. The platform is also a cryptocurrency e-wallet operator and offers proprietary analytical software products. The number of active users of the trading platform exceeds 31 million people from over 200 countries worldwide. There are 43 trading pairs on Blockchain.com, including the dominating cryptocurrency/fiat pairs.
- 43 trading pairs, 4 fiat currencies;
- proprietary platform and e-wallets;
- Interested Account program for extra income.
- Taker average commission is 0.17;
- there is a commission for withdrawing funds;
- there is no withdrawal of fiat to a bank card or e-wallets;
- no margin trading;
- no email or phone support.
TU Expert Advice
Financial expert and analyst at Traders Union
The Blockchain.com cryptocurrency exchange has been operating since 2011. It was developed by the Blockchain Info analytical platform, which cooperates directly with the Bitcoin blockchain. The platform offers clients software for both trading and storing cryptocurrencies.
The cryptocurrency exchange allows traders to trade crypto/fiat pairs (31 in total), but there are also crypto/crypto pairs (12 in total). The platform is gradually expanding the list of available trading instruments, adding new cryptocurrencies and trading pairs. There is a maker/taker fee mechanism, but the size of the fees can be considered average.
Blockchain.com is good for both novice traders and experienced traders. The platform also offers excellent tools for professional analysis of the network activity of Bitcoin and other major cryptocurrencies. You can get extra income on the platform through staking. Staking is the storage of cryptocurrencies and working according to the Proof-of-Stake (PoS) algorithm.
- You want self-custody of your crypto holdings, as this exchange offers a non-custodial wallet where you hold the private keys, providing you with complete control over your assets. With self-custody, you can enhance the security of your funds and have peace of mind knowing that you are the sole owner of your cryptocurrencies.
- You're interested in DeFi exploration, as their DeFi Wallet enables you to connect to decentralized applications (dApps), collect non-fungible tokens (NFTs), and explore the world of decentralized finance (DeFi).
- You seek the lowest trading fees, as trading fees for this exchange are higher compared to some other major exchanges. If minimizing trading fees is your top priority, you may find better options elsewhere.
- You value advanced trading features, as their platform is more basic in terms of trading features compared to specialized trading platforms.
Blockchain.com Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Proprietary platform |
|---|---|
| 📊 Accounts: | Standard, P2P-platform |
| 💰 Account currency: | EUR, USD, GBP and cryptocurrencies |
| 💵 Replenishment / Withdrawal: | Cryptocurrencies and bank transfers (you can buy cryptocurrency through a P2P platform using a bank card) |
| 🚀 Minimum deposit: | From $1 |
| ⚖️ Leverage: | Up to 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Market |
| 🔧 Instruments: | Cryptocurrencies, fiat |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | n/a |
| ⭐ Trading features: | Investment programs available |
| 🎁 Contests and bonuses: | Airdrop is carried out from time to time |
Blockchain.com offers average commissions.
Trading with leverage on the cryptocurrency exchange is not available. Traders can get extra benefit from the Airdrop that the exchange runs periodically.
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Commissions & Fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | 0,17% | Yes |
A comparative analysis of Blockchain.com commissions with similar values to other cryptocurrency exchanges was also carried out, and a ranking was established.
| Broker | Average commission | Level |
|---|---|---|
|
$0.17 | |
|
$20 | |
|
$0.1 |
Investment Programs, Available Markets, and Products of the Crypto Exchange
Blockchain.com offers extra income for traders who use custody wallets. The Interested Account program is offered to clients to earn interest for storing coins in the Blockchain.com cryptocurrency e-wallet. Staking is also available on the exchange, that is, you can buy cryptocurrencies for storage and get a percentage. You can also get extra income using the cryptocurrency exchange affiliate program.
The Interested Account program from Blockchain.com
The Interested Account is an investment tool designed to inspire traders to store funds in the Blockchain Info wallet. The program is about the accrual of interest on the custodial balance of funds on the account. This mechanism resembles staking, but the reward is not accrued by the cryptocurrency ecosystem, but directly by Blockchain.com. It works as follows:
You open a custodial account in the preferred cryptocurrency and make a deposit for a specified period. You cannot dispose of funds before the expiration of the term, otherwise, the profit will be canceled. You can only replenish it.
Every day when there are coins on the account, the platform charges a percentage for storage. Interest is paid monthly.
After the expiration of the term, you can fully or partially withdraw the deposit and transfer it to a non-custodial account. You can also extend the term of the deposit.
The interest rate differs depending on the cryptocurrency you choose. For example, in 2021, Blockchain.com credits funds for Bitcoin at a rate of 6% per annum.
Staking on Blockchain.com
Providing cryptocurrencies for staking is one of Blockchain.com's specialties. Staking is a way to generate passive income for storing cryptocurrencies by operating according to the Proof-of-Stake (PoS) algorithm. In this way, the stability of the cryptocurrency ecosystems is maintained, and they pay income at an interest rate.
Blockchain Info offers customers eight types of cryptocurrencies for staking. The list includes:
Aave (AAVE);
Algorand (ALGO);
Polkadot (DOT);
Ethereum 2.0 (ETH);
Origin (OGN) (12.15% annual);
Paxos (PAX);
Stellar (XLM);
yEarn Finance (YFI).
An interest rate is charged for storing cryptocurrencies in Blockchain.com wallets. At the same time, profitability is provided not by a cryptocurrency exchange, but by a cryptocurrency ecosystem that is stored in your wallet. The interest rate per annum is also different. For example, for ETH it equals 8.5% per annum. It is 12.15% per annum for Origin (OGN). The rate may vary depending on the number of users staking. The more cryptocurrency holders, the lower the rate.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Blockchain.com’s affiliate programs
Classic referral program. The affiliate program mechanism provides a reward in the form of commissions from referrals’ trading operations.
Traders who invite new users get 50% of the commission for the referral's trading operations within six months. Payment of remuneration shall be carried out once a month. Submit an application indicating your social media accounts to participate in the affiliate program.
User Satisfaction