Just like a regular account that is used for easy transactions in fiat/regularly currencies, so also is the need to have a working, efficient and simple to use cryptocurrency wallet. A crypto wallet is used for storing, sending and receiving of a cryptocurrency.
Since the advent of crypto and the boom of Bitcoin in particular, there has been a huge demand for a safe “haven” for storing of crypto to enable users to transfer easily as well as receive comfortably. This has therefore led to an exponential demand for crypto wallets. Today, I will discuss with us how to easily open a blockchain wallet where you can comfortably store four of the major cryptocurrencies of today. With the user-friendly interface of blockchain.com wallet, you can send and receive Bitcoin, Bitcoinash, Ethereum and Stellar.
It is very important to understand how this works especially if you are just joining crypto, you should read this opinion on whether to Join Crypto Now or Later
Opening a blockchain wallet gives you a lot unrestricted access to your funds and one thing I have discovered with both receiving and sending on blockchain.com wallet is that the transfers are always fast with a relatively cheap transaction fees compared to others. One of the reasons I love this wallet is that you are not charged for receiving Bitcoin, only when you send that you will be charged a transaction fee. However, the fee is not stable and is determined by the mining network.
Opening A Blockchain Wallet
To create a blockchain wallet, follow the bellow procedures;
STEP 1– Go to Blockchain.com and you will be taken to the official website. Make sure you check the address and it shows https://blockchain.com at the address bar so as to avoid scam sites.
STEP 2 – Once you get to the official website, at the top right section, you will see a link that says GET A FREE WALLET, click on the link and you will directed to the registration page where you will fill in your email address and a password. Make sure your password is very strong containing letters and figures to avoid the hacking of your wallet and unauthorized access to your funds.
STEP 3 – Once you have successful created an account, an email containing your wallet just like the image below will be sent to the email address you used during registration. Go to the email address, and copy your WALLET ID which is always mixture of letters and figures.
STEP 4 – Go back to the blockchain.com, click on log in. On the log in page, paste your WALLET ID that you copied from your email, put in the password you used during registration and voila! You have successful created and log into your wallet created on the blockchain.com which you can use to receive, send as well as receive Bitcoin, Ethereum, Stellar and Bitcoincash.
STEP 5 – Once you log in, you will see the balance of all your coins just like the image below. At the left-hand section of your dashboard, you will see other functions you can explore.
Do ensure you copy your back-up phrase somewhere safe because you will need it to log in case you forget your password. You can as well write down your Wallet ID, Password and KEEP IT SAFE where no one without authorization will have access to it.
Always remember that your wallet security is non-negotiable!