Review on Blockchain Wallet by Olugbenga Ajayi
Blockchain wallet is user friendly
This wallet is a copyright of blockchain company based in Luxembourg. It is the oldest crypto wallet although till date, it can store only a few cryptos namely: Bitcoin, Bitcoin cash and ethereum. This company has created more than 30 million digital wallet since it started. There is both web and mobile version of it.
Blockchain wallet is an easy to use crypto wallet that does not need downloading from app store. User only need to login to their website and sign up with email.
My most catching feature of blockchain is the security part which is in three levels. The fact that users can decide on this is also interesting. The three levels are as follows:
Level One
This includes the email verification and the passphrase part. The email part allow blockchain to send login code to users email to confirm payment or inform users of suspicious activity. The passphrase is used to restore account in case of forgotten password.
Level Two
OTP (One time pass code)is sent to user to confirm each transaction.
Level Three
This block request from hackers softwares to breach users account.
Pros
- Buying, selling and trading fees is very low.
- It is possible to take cryptos into another crypto within blockchain wallet
- Blockchain automatically generate new wallet address for each transaction
- User interface is user friendly and leading
Cons
- It is likely vulnerable to hackers activities
- Identity verification is time consuming
New products
Comments (4)
May 19, 2020
E-wallets allow individuals to store cryptocurrencies. In the case of Blockchain Wallet, users can manage their balances of two cryptocurrencies: bitcoin and ether Creating an e-wallet with Blockchain Wallet is free, and the account setup process is done online. Individuals must provide an email address and password that will be used to manage the account, and the system will send an automated email requesting that the account be verified.
May 18, 2020
Blockchain wallet is one of the oldest wallet in the industry. Though it housed only a handful of coins, presently is 4,but we do hope that in the future the number of coins to be supported will increase.
May 17, 2020
Blockchain wallet is an easy to use crypto wallet that does not need to download from app store before you use. Users will just login to their website and sign up with email and with strong security, first it use 2FA, second it use verification code to verify email and the passphrase to secure users wallet.
May 17, 2020
Blockchain wallet is what you can think of especially if you are planning to store large amount of coins, because it provides maximum security and protection. You may not need to download the app, you can just go to log in page on the Internet.
