Is Blockchain.com A Scam? Let’s Find Out The Answer

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Blockchaingalaxy

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Digital money has developed throughout the years into an exceptionally unpredictable commodity that is pursued by enormous monetary firms as well as little financial backers. Everyone is keen on advanced monetary standards presently; hence the need to find a dependable stage to utilize. Today we will take a look at Blockchain.com. Is it a scam? This Blockchain.com review will go over all of its features and amenities.

About Blockchain.com

Blockchain.com got its start as an early pioneer of key infrastructure for the Bitcoin community. First, with a Blockchain Explorer that enabled anyone to not only examine transactions and study the blockchain, but an API that enabled companies to build on Bitcoin.

It is the most popular and widely used crypto wallet that enables anyone anywhere to control their own money. Backed by renowned investors from Silicon Valley, Wall Street, and London. Their global management team with over 200 years of combined experience at some of the most reputable financial institutions, technology companies, and startups.

Security at Blockchain.com

One thing you must never do is underestimate the importance of confidentiality and protection in every cryptocurrency exchange. Nevertheless, it is up to you to maintain the security of your account on any cryptocurrency exchange. You must use every security feature your exchange provides you with.

Before they can place trade orders, wallet investors must first verify their contact details. Each payment is validated using two-factor verification. There are also online cloud options available.

The primary wallet is managed to be non-custodial, which means that no one has direct exposure to it; even the platform doesn’t support any secret information key used to connect the wallet. To avoid security breaches or online theft, traders shouldn’t ever try sharing their private keys with unreliable individuals.

The traders bear sole responsibility for preserving the confidentiality of their wallet passwords. The exchange’s web server and transaction structure go through numerous authentication and encryption security to protect Ip’s and traders’ personally identifiable information.

According to the UK’s Financial Conduct Authority, during the first half of 2021, more than 320 people had grievances about Blockchain.com. Lost funds, terrible service, and denied access to accounts were at the top of the list. There is no obvious explanation for these complaints. That’s why a bit more research and care are necessary.

Blockchain.com promoted themselves asThe world’s leading crypto finance house serving people, projects, protocols and institutions. We wonder how others (investors, crypto users, traders…) think about them?

Blockchain.com has got many negative reviews and traders who traded with this broker have raised many complaints against it. Blockchain.com currently only scores 2.3 out of 5 stars on Trustpilot. There are more than 6100 reviews including more than 3613 negative reviews. Among negative reviews, complaints focus on lost funds, frozen accounts, losing assets,....

Positive reviews mention Bitrue’s reliability and good customer service

Blockchain.com this exchange has many outstanding features and functionalities. This exchange is the ideal choice for you if you do not require a large number of cryptocurrency trading options.

However, there are so many negative reviews against Blockchain.com which makes us worry about the quality of this exchange. Many things about this exchange need to be improved soon or it will lose many clients.

Now that you have reached almost the end of this review. Is Blockchain.com a Scam? We really want to hear your thoughts so that we can even improve this rating and help more people along the way. Share your experience with Blockchain.com by leaving a review/comment in the comment section below.
 

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