Blockchain Wallet has been my first base crypto wallet and I would say using these wallet is very good as it has few features which are easy for newbies to understand getting started with my Crypto journey this wallet was my first choice although I'm having other alternative wallet today.
Get a new wallet account will require users email and either phone number which can be used for verification purposes being a decentralized blockchain wallet makes it a non custodial wallet which means all accounts when created are in completely control by user with your wallet 12 phrase key kept safe and secure you can always have access to your wallet even when you misplace your phone.
There are different security level
level 1 security phase includes create your account with email and you 12 phrase recovery key which can be used to always recover forgotten password.
Level 2 security includes creating 2FA authentication and also linking account with phone numbers and email so as to prevent other users from having access to your account.
Generally Blockchain Wallet is a recommended wallet for storing crypto currency it can be used to send and receive crypto currency although the wallet support few crypto coins like BTC, eth and BCH and USDT these has make users to look for alternative wallet since there are other wallet that support multiple crypto coins today.