The Blockchain.com wallet remains one of the most trusted and widely used cryptocurrency wallets in 2025. With a legacy dating back to 2011, it has evolved into a hybrid platform offering both custodial and non-custodial options, making it ideal for users ranging from crypto newcomers to experienced investors. This comprehensive review explores its features, supported assets, security protocols, fees, and how it stacks up against top alternatives.
Key Features of the Blockchain.com Wallet
Hybrid Custodial and Non-Custodial Access
One of Blockchain.com’s standout features is its hybrid model. Users can choose between self-custody, where they control their private keys, and custodial storage, where Blockchain.com manages key security on their behalf. This flexibility allows users to balance convenience with control — perfect for those who want easy access without sacrificing long-term security.
With self-custody, you follow the crypto principle: not your keys, not your crypto. Meanwhile, custodial access simplifies recovery and daily use, especially for beginners.
👉 Discover how hybrid wallets offer both security and convenience in one platform.
Built-In Trading and Swapping
Unlike many standalone wallets, Blockchain.com integrates a full-featured trading engine. You can buy, sell, and swap major cryptocurrencies directly within the app — no need to transfer funds to an exchange. Supported trading pairs include BTC/ETH, ETH/USDT, and others, enabling seamless portfolio management.
This all-in-one functionality reduces friction and enhances user experience, particularly for those managing multiple assets.
Earn Interest on Crypto Holdings
Blockchain.com offers interest-earning opportunities on select cryptocurrencies like Bitcoin and stablecoins such as USDT. These yield-generating features work similarly to high-interest savings accounts, allowing users to grow their holdings passively over time.
While rates vary by asset and market conditions, this feature adds significant value for long-term holders looking to maximize returns without active trading.
Supported Cryptocurrencies
Blockchain.com supports a wide range of major digital assets, including:
- Bitcoin (BTC)
- Ethereum (ETH)
- Tether (USDT)
- Bitcoin Cash (BCH)
- Stellar (XLM)
- Avalanche (AVAX)
It also supports numerous ERC-20 tokens and DeFi-based assets, giving users broad access to popular decentralized finance applications and emerging projects. While not every altcoin is supported, the wallet covers most essential coins used for trading, staking, or long-term investment.
Security Measures and Risk Management
Two-Factor Authentication (2FA) and Biometrics
Security is a top priority. The wallet supports two-factor authentication (2FA) via authenticator apps or SMS, adding an extra layer of protection during login and transaction approval. Mobile users can also enable biometric login using fingerprint or facial recognition for faster, secure access.
Encrypted Cloud Backup
Losing your recovery phrase can mean losing access to funds forever. Blockchain.com addresses this common pain point with encrypted cloud backup — a secure way to store your recovery data. This feature is especially helpful for custodial users but also benefits self-custody holders who want an added safety net.
Not Open Source — A Transparency Trade-Off
Unlike wallets such as Trust Wallet or MetaMask, Blockchain.com’s codebase is not open source. This means independent developers cannot audit its inner workings, which may concern privacy-focused users. However, the company counters this by undergoing regular third-party security audits and adhering to industry best practices.
Pros and Cons of Using Blockchain.com Wallet
Advantages
- ✅ Flexible custody options – Choose between self-custody and custodial models.
- ✅ User-friendly interface – Clean design suitable for beginners and pros alike.
- ✅ Integrated trading & earning tools – Buy, swap, and earn interest without leaving the app.
- ✅ Strong reputation – Trusted since 2011 with millions of users worldwide.
- ✅ Robust security features – 2FA, biometrics, AES-256 encryption, and cloud backup.
Limitations
- ❌ Not open source – Limits transparency and independent verification.
- ❌ Limited altcoin support – Fewer niche or emerging tokens compared to DeFi-centric wallets.
- ❌ Region-restricted features – Some services like interest earning aren’t available globally.
- ❌ Customer support delays – Some users report slow response times.
- ❌ Transaction fees – Trading and network fees may be higher than competitors.
How to Set Up Your Blockchain.com Wallet
Step 1: Download the App
Visit the Apple App Store or Google Play Store, search for “Blockchain Wallet,” and download the official app by Blockchain Luxembourg S.A.
Step 2: Create or Restore Wallet
Choose to create a new wallet or restore an existing one. During setup:
- Set a strong password.
- Write down your recovery phrase (for self-custody).
- Enable cloud backup and biometric login for added convenience.
👉 Learn how to securely back up your crypto wallet in under 5 minutes.
Step 3: Add and Manage Crypto
Once set up:
- Receive crypto via wallet address or QR code.
- Buy crypto using a linked bank card or payment method.
- Start swapping, trading, or earning interest immediately.
Alternatives to Blockchain.com Wallet
Trust Wallet
A popular non-custodial mobile wallet owned by Binance. It supports thousands of tokens and DeFi apps but lacks built-in trading or earning tools. Best for users who prioritize full control and wide token compatibility.
Coinbase Wallet
Separate from the Coinbase exchange, this self-custody wallet offers strong DeFi integration and NFT support. It’s beginner-friendly but focuses more on Web3 functionality than hybrid access.
MetaMask
The go-to wallet for Ethereum and DeFi enthusiasts. Supports multiple chains and dApps but has a steeper learning curve. Ideal for advanced users comfortable with decentralized ecosystems.
Storing Crypto: Wallets vs Exchanges
While some users keep crypto on centralized exchanges for quick trading access, this comes with risks. On exchanges, you don’t control your private keys — meaning you don’t fully own your assets. Platforms can suffer outages or hacks, putting funds at risk.
Using a dedicated wallet like Blockchain.com gives you greater control, especially with self-custody options. It’s a smarter choice for long-term storage, DeFi interaction, and reducing reliance on third parties.
Smart Usage Tips: Dual Strategy & Transaction Buffering
Use Both Custodial and Non-Custodial Wallets Strategically
Consider using the custodial wallet for active trading and earning interest — it's easier to recover and manage. At the same time, store long-term holdings in the non-custodial wallet for maximum security.
This dual approach diversifies risk while optimizing usability.
Use Your Wallet as a Transaction Buffer
After buying crypto on an exchange, don’t send it straight to cold storage. Instead, route it through your non-custodial Blockchain.com wallet first.
This buffer step lets you:
- Verify incoming funds.
- Apply additional 2FA checks.
- Sanitize transaction history — useful for tax, compliance, or avoiding “tainted” coins.
It’s a pro-level habit that enhances security and traceability.
Frequently Asked Questions (FAQs)
Q: Can I use Blockchain.com Wallet without KYC?
A: Yes, you can use the self-custodial version without full identity verification. However, KYC is required to buy or sell crypto within the app.
Q: Does Blockchain.com support hardware wallets?
A: No, it does not currently support direct integration with hardware wallets like Ledger or Trezor.
Q: Can I store NFTs in Blockchain.com Wallet?
A: Not at this time. The wallet does not support NFT storage or management. Consider MetaMask or Trust Wallet for NFTs.
Q: Is Blockchain.com a hot or cold wallet?
A: It’s an internet-connected hot wallet. Offline (cold) storage functionality is not available.
Q: Are there any hidden fees?
A: There are no fees to create or maintain the wallet. However, transaction fees apply when sending crypto, and trading/swapping incurs service fees based on market rates.
Q: How secure is cloud backup?
A: Cloud backups are encrypted end-to-end. Only you can decrypt them with your password — Blockchain.com cannot access your data.
👉 Compare secure crypto wallets with advanced backup options today.
Final Verdict
In 2025, the Blockchain.com wallet stands out as a versatile, secure, and user-friendly solution for managing digital assets. Its unique hybrid model — combining custodial ease with self-custody control — sets it apart from most competitors. With built-in trading, interest earning, strong security measures, and broad support for major cryptocurrencies, it’s well-suited for both beginners and intermediate users.
While limitations like lack of open-source code and restricted regional features exist, its overall reliability and functionality make it a top-tier choice for everyday crypto management.
Whether you're consolidating your portfolio or stepping off exchanges for better control, Blockchain.com delivers a balanced experience that’s hard to beat.