Nevertheless, we will present you a guide focusing on the wallet interface. When you log into your wallet you arrive at the Dashboard.

The Dashboard is more like the control room from where you will access all the wallet features. On the right of your screen, you will find the general menu.

On the menu, you can find several options such as changing from your Bitcoin wallet onto your Ether wallet. Exchange: This will allow you to exchange Bitcoin for Ether and vice-versa.

Security Center: The security center enables you to easily access the security settings. Settings: The settings will let you manage and access general information related to your wallet and transactions.

You can also use this option to check and manage your addresses and security. In the settings user also have the option to pair their Blockchain.

Security is the most important aspect on which you will need to focus the most, so once you create your Blockchain.

You can either use the SMS message option to set up the 2FA up or you can use the Google Authenticator app which we strongly advise you to use.

Note that you should always pay attention to your secret keys as they are the only thing that will grant you access to your coins.

To manage all the security features, you will need to go to the settings on your Dashboard menu. All the security options are very straightforward to use.

The security features settings include:. Recovery phrase: Users can set up a recovery phrase which can be used to restore all funds in case of a lost password or a loss of service at Blockchain.

Password Hint: Blockchain. This option allows a user to create a memorable password hint that can be sent to the verified email address in case of a forgotten password.

Second Password: For increased security, you can choose a second password to protect your funds. This password will be asked every time you want to spend your funds.

You can decide to use your mobile phone number or a free app to secure your wallet. We recommend Google Authenticator. Remember 2-step Verification: If you activate this feature, every time you log out for a short period of time, the browser will allow you to log in without re-authenticating using the 2FA again.

Note that this will only happen for a certain amount of time. Sending and requesting Bitcoin through the Blockchain. When you access your wallet and get to the Dashboard you will certainly see the two options almost in the middle of the screen.

The only fees that you will pay at Blockchain are the miner fees, which stand at 0. The fee is dynamic, however, depending on the daily volume traded on the entire network.

It is possible to transfer coins without a cost if several conditions are met:. Blockchain excels in security when compared to other online wallet platforms.

As shown in the picture below, you can set up your recovery phrase and password hints. These are used in case your account has been compromised by an outside hacking attack.

You can also set up two-factor authentication 2FA using your verified phone number, while IP address blocks can limit the number of potential intruders.

The platform uses vaults, which provide you with private keys and several other safety functions. The support desk offers FAQ section, which is extensive in its own right.

Apart from questions and answers, you can also use the ticket system to reach directly to the customer department. CryptoPay , for example, has an instant messaging system in place if you need to solve an issue with the support representative.

Thus, the support at Blockchain can be said to have limited customer support. Apart from the limited support, the consensus of the cryptocurrency communities is that Blockchain is a legitimate platform when it comes to wallet services.

The security functions are an aid to be adequate with some minor issues mentioned on rare occasions. The site was launched in by a company of the same name, Blockchain.

Its headquarters is located in Luxembourg and was considered as one of the largest wallet providers in the world in the year In , the platform reached 1 million user wallets, growing to 3 million in Overall, Blockchain is a wallet platform that you should definitely consider when planning out your bitcoin storage strategy.

The wallet is one of the cheapest in the industry, as you have t pay only miner fees 0. It also provides privacy, an identity check is not required to use all services provided by Blockchain.

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Verified email addresses on the wallet are used to verify logins and send payment notifications. And if you ever login to your account using a different device or IP address, you will need to verify the login via email.

These features make it easy to take not of suspicious activity on your wallet. In , Blockchain. The code for Blockchain.

Wallet users can set a primary password for accessing the account and a second one that you will be asked before spending funds. You can restrict the IP addresses allowed to access your account, only allowing logins from the addresses on your whitelist.

The user has full control of their private key Blockchain. It has implemented noteworthy security measures to prevent potential losses.

However, it is not a regulated platform. As such, it cannot be said to be completely secure. That makes eToro much more reliable than any other unregulated wallet because it has to abide by strict rules imposed by these agencies, that have to do with transparency, security, costs and much more.

In general, we consider eToro to be a much safer wallet than Blockchain. Part of the reason why eToro is so well-reputed is that it has never been involved in hacking scandals and has always made clear efforts to keep the software up-to-date in terms of security measures adopted.

We consider it the best choice if safety is what you are looking for in a wallet. Though Electrum only supports Bitcoin, it is accessible on desktop and mobile platforms.

It also offers cold storage facilities. In spite of having advanced features, Blockchain. The interface is intuitive and the FAQ section of the site, comprehensive.

Electrum has a rather long setup procedure and is not the easiest to use for beginners. While the latter only supports Bitcoin, the former supports a number of additional coins.

A comparative look at the above wallets reveals that eToro is one of the best wallets out there. In addition to supporting a wide array of features, it is also one of the safest wallets because it is regulated.

This means that users can trade with peace of mind knowing that the platform adheres to strict security measures as required by regulators. One solution is to delete the app and recreate your wallet afresh using the recovery phrase.

Before you start, make sure you have your recovery phrase. Once you have verified your email, it will be used for authorizing logins, notifying you of wallet updates and sending payment notifications.

And anytime you use a different IP to login to your account, you will need to verify the login using a verification email sent to your address.

Having a backup of your wallet will allow you to recover funds if you ever lose access to the wallet.