Review on Blockchain Wallet by Naomi Ilani
The Blockchain Wallet
The Blockchain Wallet is a Bitcoin wallet that was established by Peter Smith in the year 2011. It happens to be the most popular of it's kind and is even considered by some traders to be the most popular. It is a Luxembourg-based enterprise that is trusted by it's users very well. The platform partners with well trusted exchanges, thereby making buying, selling and trading of cryptocurrencies much easier. The Blockchain Wallet supports cryptocurrencies which includes: Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Stellar (XLM), Algorand (ALGO), Tether (USDT) and USD-D (USD Digital). It is also known to support 22 fiat currencies. It has its applications available on the Android and iPhone operating systems and is also accessible on the web. It also has its interface in 25 languages
Pros
- Provides optimum security
- Offers low transaction fees to users, it is even argued to be the cheapest on can get
- Has it's interface in multiple languages, about 25
- Allows more than one fiat and crypto storage
- Considered to be the most popular in the world
Cons
- Hot wallet, making it prone to hackers
- The platform is centralized, leaving it to play by the rules
- The platform has its users keys stored on their servers
