Blockchain Exchange is the first crypto trading platform invented by Blockchain.com to provide individual investors worldwide with institutional-grade speed, reliability, and liquidity.
Who is Blockchain Exchange?
Blockchain Exchange is the first crypto trading platform invented by Blockchain.com to provide individual investors worldwide with institutional-grade speed, reliability, and liquidity. Benchmarked against industry competitors, it is a high-performance cryptocurrency exchange designed for excellency, by an industry veteran for whom the wallet and Blockchain Explorer are used by millions around the world.
In June 2019, the company launched its cryptocurrency exchange, for which it hired trading veterans from NYSE, Google, Goldman Sachs, UBS, and TD Ameritrade. This has proven to be beneficial. The exchange is lightning fast, has a simple yet appealing trading interface, allows for quick sign-up, and has low fees. In all fiat currencies, bank deposits and withdrawals are free.
Which fiat currencies are accepted by Blockchain Exchange?
One of Blockchain’s strong points is the number of supported fiat currencies. Users in Europe, the United Kingdom, Turkey, the United States, Russia, and Australia can deposit to the Blockchain Exchange using local currency via bank transfer.
Blockchain does not charge any fees for deposits or withdrawals in most countries. It even supports new payment rails where applicable, allowing you to get your funds faster on the Blockchain Exchange. It supports “Faster Payments” in the United Kingdom, wire and ACH transfers in the United States, and Instant SEPA in Europe.
We appreciate the emphasis on fast fiat on-ramps because getting funds in and out of exchange quickly improves the user experience. When trading, you want to be able to act quickly, and Blockchain Exchange gives you that ability!
Which assets does Blockchain Exchange support?
Blockchain is constantly developing new assets. We’re especially excited about the recent addition of DeFi tokens like YFI and LEND, and we hope they’ll add more in the future. Presently, the Blockchain Exchange supports Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Algorand (ALGO), Gold (DGLD), PAXOS (PAX), Tether (USDT), Stellar Lumens (XLM), Ripple (XRP), Yearn Finance (YFI), Aave (LEND).
How to Sign-Up for a Blockchain Exchange Account?
Blockchain-com provides two services: a cryptocurrency wallet and an exchange. Go to the Blockchain website and click on “Signup” to join the exchange and benefit from significantly lower fees. You will be asked for your email address and a password. Next, enter your home country, name, date of birth, and address.
The sign-up process is quick and fluid, with a nice progress bar showing you how far you are in the process. Remember to validate your email address before submitting the form, or you will be unable to complete it! It’s also worth noting that users can connect their Blockchain.com wallet and bypass the entire verification process described above.
After submitting all your information, you have two main options: begin trading or verify yourself and unlock additional features such as FIAT deposits, higher trading limits, etc. You must verify if you do not have cryptocurrency to fund your account. But there is good news: the process is once again very smooth. Simply upload a selfie and hold your ID document (passport or driver’s license) into the camera for a minute. The information is processed automatically, so if Blockchain.com is satisfied with the information you provided, you can begin trading immediately!
How to buy crypto on Blockchain Exchange?
This is a screenshot of your Blockchain exchange dashboard. To deposit fiat currency into your account, go to “Balances” in the top-right corner and then click “Deposit” in the panel that appears. Then, choose the currency you want to deposit.
Go to your preferred online banking service and use the information on the screen to initiate a bank transfer to Blockchain.com. When you receive an email from Blockchain.com informing you that your funds have arrived, you can return to the site and place your first buy order.
Because Blockchain.com has strong connections to bank clearing networks, funds are usually available in your account on the same day.
To place a buy order, first select the appropriate trading pair by clicking on the “+” sign in the navigation bar. Choose “BTC-EUR” from the dropdown menu if you want to buy bitcoin with euros, for example. Then, in the green panel on the top right (highlighted in blue by us), enter the amount you want to buy and click “Place BTC Order.” By default, you buy at the current market price (referred to as a “Market order”), but if you want to submit more customized orders, change the order type to “Limit order.” Keep in mind that market orders are always filled faster.
What are Security Enhancements available?
Finally, you can enable two-factor authentication to make your account more secure. This is an added layer of security to ensure that you are the one logging in or withdrawing money. Blockchain.com currently only supports the Google Authenticator App, which generates one-time codes on your phone, but they promise that more second-factor authentication methods will be added soon.
Blockchain Exchange Details
