What Is Blockchain.com?

Blockchain.com Is A Decentralized Cryptocurrency Exchange Founded In 2011 And Registered In Luxembourg. It Supports More Than 100 Cryptocurrencies With A 24-hour Trading Volume Of Approximately $48,834,188. Blockchain.com Uses A Manufacturer-taker Transaction Fee Structure Where The Manufacturer Pays 0.1% And The Recipient Pays 0.2%.

Pros And Cons

Blockchain.com Excels In The Following Areas:

• Supports 73 Cryptocurrencies For Traders To Choose From.
• Both Spot Trading And Margin Trading Are Available.
• Some Educational Resources, Including Blog Posts, Make It A Good Choice For Users Who Want To Learn More About Cryptocurrencies.

Blockchain.com The Following Areas Are Missing:

• The Fees For Trading And Withdrawing Cryptocurrencies Are High.
• It Is Not Regulated By Any Government Or Financial Institution Group, Which Means That No One Can Protect Users If Something Goes Wrong.
• The Exchange May Collect User Data To Track Their Behavior And Show Them Targeted Ads.
• Blockchain.com Has Been Hacked Before And There Is A Latent Risk Of Funds Being Stolen.
• There Is No Reward Staking Feature For Traders To Earn Rewards By Staking Cryptocurrencies.
• Limited Customer Choice Of Effective Means Of Communication

Regulator

Blockchain.com Is Regulated By The Financial Crimes Enforcement Network (FinCEN) And Holds An MSB License. The Regulatory Number Associated With Blockchain.com Is 31000171875963 And Is Marked As "over" In Terms Of Regulatory Status. Blockchain.com Type Of License Held Is An MSB License, The Specific License Name Is Blockchain Access UK Ltd. The Financial Crimes Enforcement Network (FinCEN) Is An Agency Of The US Treasury That Collects And Analyzes Information About Financial Transactions In Order To Combat Domestic And International Money Laundering, Terrorist Financing, And Other Financial Crimes. FinCEN Was Established In 1990 By The Bank Secrecy Act (BSA) And Has The Authority To Issue Regulations To The Financial Institution Group To Help Them Comply With The BSA. These Regulations Are Known As "Customer Due Diligence (CDD) Rules."

Security

To Protect Users' Funds, Blockchain.com Have Implemented Various Security And Storage Measures.

• Cold Storage: Most Of Blockchain.com User Funds Are Held In Cold Storage, Which Means They Are Not Connected To The Internet And Are Therefore Not Vulnerable To Cyber Attacks.
• Multi-signature Wallets: Blockchain.com Use Multi-signature Wallets For Some Users' Funds. This Means That Multiple People Must Approve The Transaction Before It Can Be Processed, Making It Harder For Unauthorized Individuals To Access The Funds.
• Two-Factor Authentication (2FA): Blockchain.com Requires All Users To Enable Two-factor Authentication For Their Accounts. This Adds An Extra Layer Of Security By Requiring Users To Enter A Verification Code On Their Phone In Addition To Their Password When Logging In.
• Security Center: Blockchain.com Provides A Security Center Where Users Can Learn About Security Best Practices And Check The Security Status Of Their Accounts.
• Bug Bounty Program: Blockchain.com Provides A Bug Bounty Program To Incentivize Security Researchers To Discover And Report Vulnerabilities On Its Platform.

Available Cryptocurrencies

There Are 73 Cryptocurrencies Available For Trading On Blockchain.com Exchanges. These Include Major Cryptocurrencies Such As Bitcoin, Ethereum, And Tether, As Well As Smaller Alternatives Such As Solana, Cardano, And Polkadot. You Can Find The Full List Of Available Cryptocurrencies At The Following Link On Blockchain.com Exchange: Https://exchange.blockchain.com/markets

Blockchain.com Has Not Set A Timeline For Listing New Cryptocurrencies. However, New Coins Are Reviewed By The Exchange Before They Are Added To The Platform. This Process Includes The Technology, Team And Community That Evaluates The Coins.

Other Services

Blockchain.com Offers A Wide Range Of Services, With A Primary Focus On Cryptocurrencies And Blockchain Technology. Their Services Are Aimed At Both Individual Users And Institutions. The Following Are Their Main Services:

• Crypto Wallet: Blockchain.com Provides A Comprehensive Crypto Wallet For The Purchase, Storage And Management Of Various Cryptocurrencies, Aiming To Be A One-stop Solution For Cryptocurrency Users.

Crypto Services For Applications: They Enable Other Applications To Integrate The Purchase And Sale Functions Of Cryptocurrencies, Leveraging Blockchain.com Infrastructure And Internal Systems.

• Institutional Crypto Solutions: Tailored For Institutional Clients, Offering The Following Services:
• Spot And Options For High-touch Over The Counter.
• Structured Products.
• Margin Lending Solutions.
• Features Such As Deep Liquidity, Trusted Counterparty Status, Comprehensive Auditing And Insurance, And 24/7 High-quality Service.
• Cryptocurrency Earnings Program: Users Can Earn Up To 7% Per Year On Their Cryptocurrency Holdings Through Different Methods:
• Passive Rewards: Earn By Holding Cryptocurrency Only.
• Pledging Rewards: Earn By Securing The Network.
• Activity Rewards: Earn By Predicting Market Movements.
• The Program Is Structured To Meet The Needs Of All Kinds Of Users, From Beginners To Advanced Users, With Multiple Assets Such As Bitcoin, Ethereum, And More.
• Blockchain.com Visa ® Card: This Service Allows The Use Of Cryptocurrency Or Cash Without Fees And Offers A 1% Cryptocurrency Reward. Currently Available Only To US Customers And Issued By Pathward, N.A.
• Blockchain.com NFT Market (Beta): Upcoming Feature To Buy, Sell, And Store NFTs Directly Within Blockchain.com Wallet.
• Blockchain.com API: They Provide APIs For Developers To Build Bitcoin Applications, Including:
• Exchange API: For The Interaction Of Market Data And Real-time Trading Systems.
• Rest API: For Providing Detailed Features Such As Real-time Market Data, Balance Information, And Transaction Execution.
• Blockchain Data API: For Accessing JSON Data For Blocks And Transactions.
• Simple Query API: For Querying Blockchain Data Such As Hash Rate, Difficulty, Etc.

Websockets: A Low-latency Streaming Socket Channel For New Blocks And Transaction Data.

This Range Of Services Positions Blockchain.com As A Versatile Player In The Cryptocurrency And Blockchain Technology Space, Serving A Broad Audience Ranging From Individual Cryptocurrency Enthusiasts To Large Institutional Clients.