What is Blockchain.com?
Blockchain.com stands as a key infrastructure provider within the Bitcoin community, having played a pioneering role in the early stages of its development. The company offers a range of projects, including the Blockchain Explorer for examining Bitcoin transactions, a robust API for companies building on Bitcoin, and a popular cryptocurrency wallet. Since its inception in 2011, Blockchain.com has facilitated over $1 trillion in crypto transactions, with approximately one-third of all Bitcoin network transactions passing through its platform.
Founders of Blockchain.com
The cryptocurrency financial services company, formerly known as Blockchain.info, was founded in August 2011. The core projects were developed by individuals such as Benjamin Reeves, Nicolas Cary, and Peter Smith. Each founder brought a unique background and expertise to the company, contributing to its growth and success.
Benjamin Reeves
Before co-founding Blockchain.com, Benjamin Reeves earned a Bachelor's degree in Business Administration and later pursued a first-class Master's degree in Computer Science. He worked as a mobile developer and served as the CEO of Qkos Services Ltd.
Nicolas Cary
Nicolas Cary studied Business at the University of Puget Sound before working in customer operations at PipelineDeals. His experience and contributions played a significant role in the early development of Blockchain.com.
Peter Smith
Peter Smith, a University of London graduate and a member of the UK Finance board, also played a crucial role in shaping Blockchain.com.
Launch Timeline
Blockchain.com launched its Bitcoin blockchain explorer in August 2011. However, it expanded its services by introducing a cryptocurrency exchange in July 2019.
Headquarters and Locations
The primary headquarters of Blockchain.com is located in London, with additional branches in Lithuania and the United States.
Restricted Countries
Despite its global reach, Blockchain.com faces restrictions in certain countries due to international and local financial regulations. Residents of Afghanistan, Barbados, Belarus, Burundi, Cambodia, the United States, and 28 other regions are prohibited from using its services.
Supported Coins
As of 2022, Blockchain.com supports 31 digital assets on its exchange platform.
Fee Structure
Blockchain.com implements a tiered fee structure based on a user's 30-day trading volume. Maker fees range from 0% to 0.20%, while taker fees vary between 0.06% and 0.40%.
Leverage and Margin Trading
The platform supports 5X margin trading on selected USD and USDT pairs, but this feature is limited to verified users in specific jurisdictions. Notably, it is not available in the United States, Canada, Japan, Germany, the Netherlands, Italy, and countries on the sanctions list.
What are the trading fees on Blockchain.com?
Blockchain.com implements a tiered fee structure based on a user's 30-day trading volume. Maker fees range from 0% to 0.20%, while taker fees vary between 0.06% and 0.40%.
Does Blockchain.com offer leverage trading?
Margin trading is an optional feature on the Blockchain Exchange. The platform supports 5X margin trading on selected USD and USDT pairs, but this feature is limited to verified users in specific jurisdictions. Notably, it is not available in the United States, Canada, Japan, Germany, the Netherlands, Italy, and countries on the sanctions list.
Is Blockchain.com safe?
While many major CEXes boast stronger firewalls than most governments, history has witnessed numerous instances where exchanges have fallen victim to hacks, resulting in the loss of customer funds. DEXes are generally safer option as you have control over your funds at all times as long as blockchain is up and running. Its all based off contract code so you can clearly look whats behind the scenes, and how their contracts work.
Does have customer support?
Almost all exchanges provide customer support, but the quality, speed and continuity of this service varies from time to time depending on the budget conditions of the companies. We recommend that you experience the support service provided by the stock exchange by asking a question to the support section on its website.
