Today I bring you a review of the first cryptocurrency wallet, the blockchain wallet. From now on, we will review all the most popular wallets. And what do you think, which wallet should we start with? Well, of course, from the first one, the one that set the tone and direction for all the other features, the blockchain wallet.
What is a blockchain wallet and how does it work?
Good, Blockchain Wallet – is one of the best virtual wallets and the first wallet created to store cryptocurrencies. It was developed immediately after the creation of Bitcoin, the first cryptocurrency. The official website of the wallet is blockchain.com , if you type a combination of the words “blockchain wallet” into a google search engine, you will see this website on the first page immediately after the advertisement.
Use: Without a doubt, the blockchain wallet is one of the best. Although many users today prefer to use: Coinbase or Wirex and other listed portfolios here
Well, To sign up for the blockchain wallet, you need to click on the “signup” located in the upper right corner of the screen.
Immediately after clicking, you will be prompted to create a wallet for yourself. To do this, you will need to enter your email address, create a password, check the box and click the “Continue“When generating (creating) a password, be careful and invent a strong password as it will protect your digital savings from hackers.
It's not very complicated, you don't need to confirm your email to log into the Blockchain wallet, you immediately log into your cryptocurrency wallet. But for greater account security, you can configure it in the menu: SECURITY CENTER, there you can confirm the phone and email, and set up two-step authentication and everything else. We won't insist on doing this, but it is very important.
Blockchain Wallet allows you to store, convert and send only 2 cryptocurrencies: Bitcoin and Ethereum. This is perhaps the most important disadvantage of this feature and what leads many users to use other cryptocurrencies. best wallets, because of the total abundance of cryptocurrencies available at the moment, with the help of this wallet you can use only two. These two wallets have different names within your account: “My Bitcoin wallet” and “My Ether Wallet”, between which you can make a conversion, within the LC. The rate at which the conversion will be carried out is shown on the graph, which is indicated by the down arrow.
>>> See also: Best sites to buy cryptocurrencies
In fact, using a blockchain wallet is very simple. Firstly, the wallet has a very simple interface and is not overloaded with unnecessary functions. This is why it is very popular among users.
To send and receive cryptocurrency, you need to click on the relevant sections: “Send” and “Deposit” where you need to enter the recipient’s address in the “To” field. In the “Amount” field, you need to enter the number of bitcoins you need to send.
To receive cryptocurrencies to your blockchain wallet, you need to copy the address of the wallet you want to receive money to. In the “deposit the address is indicated in the field: “Copy and share adress“, then you need to copy it and send it to the person who wants to transfer coins to you.
>>> See also: Top Ways to Earn Cryptocurrencies
Use: Without a doubt, the blockchain wallet is one of the best. Although many users today prefer to use: Coinbase or Wirex and other listed portfolios here
This is all the information you need to know to register with your blockchain wallet, and produce basic commands, such as depositing and withdrawing coins or converting between Ethereum and Bitcoin cryptocurrency.