Throughout the history of the development of civilization, one of the main aspirations of mankind has been to achieve financial independence. Moreover, the defining moment was not so much the receipt of tangible assets as the ability to keep them intact and safe. In ancient times, people built whole treasuries with powerful walls and reliable guards. Over time, specialized institutions have appeared, adapted to store the valuables of clients. With the evolution of money, the storage facilities for them have also changed. With the advent of virtual money that has no material embodiment, the need for traditional safes has disappeared.

The best option for saving digital coins is virtual vault. And today there are so many of its varieties that an inexperienced user just needs to be confused by such an abundance of choice. At the same time, one of the most convenient services is the Blockchain Bitcoin wallet, which provides reliable protection for the coins stored on it. It goes without saying that no one can provide a 100% guarantee. But this service, over the years of work in the market, has established itself as a conscientious and reliable partner. What are the advantages of this cryptocurrency wallet?

Features of Blockchain Virtual Wallet

Entrepreneurs who are just starting to explore the limitless space of the global web are in dire need of a reliable wallet to store their cryptocurrency. The Blockchain Bitcoin wallet, which cannot yet be downloaded on the official resource, has gained immense popularity in the market due to its numerous advantages over its competitors:

First of all, the service does not charge any fees for making transfers and payments.
Creating a wallet is a simple procedure that even a schoolchild can easily handle.
The funds in the wallet are reliably protected thanks to the use of an innovative security system consisting of several layers.
You can enter the Blockchain Bitcoin wallet from any mobile device. Thus, the user can manage their finances from anywhere in the world, provided they have access to the Internet.
In fairness, it should be noted that this wallet also has certain disadvantages. In fact, the only drawback that users note is the lack of multicurrency. Blockchain virtual storage supports work only with Bitcoins. To store numerous forks and Altcoins, you have to start other wallets.

How do I register this virtual storage?

Wallet registration is carried out through the Blockchain.info service. The resource interface is quite simple and intuitive, even for novice cryptographers. At the top of the page there are several tabs, the last of which is responsible for registering the wallet. The wallet developers are committed to the principle of cryptocurrency privacy. Therefore, in the process of creating a storage for virtual coins, the user is required to enter the minimum data. You only need to specify the postal address on the network, as well as the password to enter the system. Then the freelancer must re-confirm the password and agree to the terms of the service by clicking in the appropriate window. Of course, a novice miner does not yet know how to transfer Bitcoins to a Blockchain wallet, but the system will promptly prompt an algorithm of actions.

So, after registering the wallet, a message will appear, with the help of which the administration of the service will acquaint the new participant with the capabilities and advantages of the system. The design of the personal account is very laconic, nevertheless it has everything you need to work. In the central part of the panel there are tabs with which you can make transfers on the network and earn cryptocurrency. Moreover, the wallet owner can both receive and send funds. Most of the novice crypto-miners are keenly interested in how to withdraw Bitcoins from the Blockchain wallet. We will consider this issue in detail a little below.

Particular attention should be paid to entering the wallet. During the registration process, the owner receives a unique identifier consisting of letters and numbers in different registers. The system sends the wallet ID to the specified users email along with a link to confirm registration. If the owner loses the identifier, he will automatically lose access to the wallet and, accordingly, the funds stored on it. Its restoration is possible only in some cases, if the freelancer has taken advantage of the additional opportunities provided by the service.

Judging by the reviews of other owners of the Blockchain wallet, the identifier is best printed and kept out of the reach of strangers. In this case, the e-mail from the service, which informs its details, it is desirable to remove from the mail. After all, if attackers break into an email address, they will automatically gain access to the freelancers savings. Also, you cannot specify the details of the identifier when making a payment transaction. To make a translation, it is enough to indicate public data that are provided to the client during the registration process.

The system will provide a public code for the Blockchain wallet if you activate the "start receiving Bitcoins" tab in your personal account. After that, a window will open in which the user can copy his details. The public code does not need to be hidden; it can be posted on forums dedicated to earning money, on social networks, on specialized sites. In other words, it is public information, which, unlike a private code, cannot open access to a virtual wallet.

How secure is the Blockchain cryptocurrency wallet?

Hacking of virtual wallets is rare nowadays. After all, it is simply unprofitable for cybercriminals to spend a lot of time selecting an access code consisting of 34 characters. But hacker equipment is constantly evolving and it is possible that soon they will be able to download an identifier from the Blockchain Bitcoin wallet without much difficulty.

To maximally secure your virtual storage from hacking, you need to enter the wallet and open the "Security Center" tab on the main page. Its capabilities allow you to increase the level of wallet protection up to almost 100%. The system provides several levels:

Preventing Loss of Wallet Access.
Restricting Third Party Access.
Expansion of security parameters.
If the encryptor has lost the identifier, then the access restoration procedure involves the following actions:

You will need to confirm the email address specified during the registration of the wallet on the Blockchain.info website.
Designate a secret phrase that the user must specify when creating a wallet.
Come up with a hint to help you recover your forgotten password.
Currently, the service works only online, so it is not possible to download the wallet. The wallet security system consists of several layers. So, a miner who is actively mining virtual coins should connect identification using a phone number. Of course, it cannot be denied that this reveals the identity of the owner of the vault, but still, safety comes first. So, if the identifier is lost, access to the Blockchain Bitcoin wallet is restored and entered on the basis of a one-time code that is reported to the phone specified by the user.

In addition, you can activate two-level verification. In this case, to enter the wallet, the user will have to enter a one-time password sent to his mobile. Thus, illegal attempts to enter a cryptocurrency wallet are doomed to failure in advance, because an outsider cannot even log into the service. The third level of security involves the use of network protection called TOP. Crypto-agitators who have activated all the defense mechanisms may not worry about how to transfer Bitcoins to the Blockchain wallet. After all, all the incognito IP addresses that hackers use to crack the wallet will be immediately blocked by the system.

Withdrawal or transfer of cryptocoins is allowed only after successful authorization. And if the owner of the virtual storage is not active for more than fifteen minutes, then the account is automatically closed. This option is especially useful for miners who use digital wallets in public places. After all, even if the user forgets to log out of the personal account, the system will close the account instead. Based on the feedback from the owners of Blockchain wallets, this is a very useful feature.

Creating multiple wallets in one account

In the "settings" section, the user can choose a method for additional protection of the wallet, as well as create several wallets in one account. A quite natural question arises, why have several virtual storages with the same functionality. This is how miners act, receiving a decent income every month. They distribute money to different wallets, using them for savings, investments or withdrawing virtual coins. The system assigns a separate public address to each Blockchain Bitcoin wallet. The main storage can be used to earn cryptocurrency on exchanges and faucets. Whereas auxiliary wallets are very convenient for making transfers and paying for goods.

On the left side of the work panel there is a section "transactions". It provides information on all financial transactions performed on the network during the period of using the blockchain. If a freelancer has several virtual storages, then he can easily track the transactions carried out for each of them. The simplicity of the process of registering a wallet on Blockchain.info, as well as a high level of security, have contributed to the acquisition of the wallet huge popularity among modern miners.

How to transfer virtual coins to a cryptocurrency wallet?

Owners of virtual storage most often use it to make money transfers and receive earned coins from various exchanges and faucet sites. A regular bank account performs similar functions. Transferring money to another user who has a wallet in the system is not difficult even for inexperienced users. This does not require downloading the Blockchain Bitcoin wallet. To complete the transaction, you need to activate the "send" option, which is located in the central part of the working panel, and then enter the following data in the window that opens:

If the sender has several wallets, then you need to select the wallet from which the money will be transferred.
Indicate the details of the recipients virtual storage.
Indicate the amount of the transfer and a comment to the operation.
In addition, the developers have provided advanced settings for performing this operation. They are applied if, before transferring Bitcoins to a Blockchain wallet, its owner expresses a desire to additionally indicate the amount of the transaction fee that will be credited to his account. The extended functionality is actively used by freelancers who make money on exchange transactions or lending funds.

Online transfers are made almost instantly. Delays in transferring money are absolutely excluded, because the system in this case acts as an intermediary, and all transactions are carried out automatically. Moreover, the service does not take any commission for executing transactions. Numerous customer reviews clearly demonstrate that the use of a Blockchain wallet does not provide for any restrictions and does not entail unnecessary costs.

How to withdraw coins from the virtual wallet?

As practice shows, it is much easier to transfer money from a cryptocurrency wallet than to withdraw it. This situation is due to the fact that in Russia Bitcoins are still outside the law, although those in power are actively discussing the possibility of creating their own cryptocurrency. However, this does not mean that the user will have to leave their savings in the system. There are at least two ways to withdraw Bitcoins from the Blockchain wallet:

With the help of special exchange services. But you need to choose a trusted resource, otherwise there is a risk of encountering scammers.
Through cryptocurrency exchanges. In this case, the owner of the wallet must first sell virtual coins, and then withdraw funds from the wallet in accordance with the rules of the selected exchange platform.
It goes without saying that the first option is most preferred. In fact, the conversion of cryptocurrency is carried out in the same way as conventional fiduciary currency units. The user needs to follow a few simple steps:

Choose a service with a favorable exchange rate and a reliable reputation. One of the best options is the Bankcomat.com exchanger, which allows you to easily and quickly withdraw Bitcoin from your Blockchain wallet.
In a special form, you need to select the currency that the client intends to exchange. And also the monetary units that he wants to receive in return.
Following the instructions of the system, the client can easily and quickly issue a withdrawal. During the operation, he will need to designate the public wallet code. If money is transferred to a bank card, then you will additionally need to indicate the personal data of its owner. But the users confidentiality will still be preserved, because the exchangers operate on the basis of the confidentiality principle.

Additional wallet functionality

The mobile app is ideal for freelancers who need 24/7 access to money. Secure entry to the Blockchain Bitcoin wallet installed on a smartphone is provided by the most modern technologies. The mobile version of the wallet allows you to replenish, withdraw coins, and make money transfers at any time and anywhere. In addition, every day more and more companies appear in which you can pay with Bitcoins for purchased goods or services rendered.

The menu has a "charts" section, which reflects the current value of the cryptocurrency, changes in its rate and other statistical information about the state of the market. Blockchain service is presented in twenty languages and works in almost all countries of the world. In terms of its security characteristics, it is second only to Bitcoin Core, but it takes up much less hard disk space. You can talk for a long time about the advantages of the Blockchain wallet, but it is best to start it and in practice make sure of the simplicity and convenience of the service.