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WALLET REVIEW

BTC.com

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June 16, 2020 | 

JOHN K MWANIKI |  0 Comments | 

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WALLET REVIEW - BTC.com

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Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platform. The wallet has both desktop and mobile (Android and iOS) platforms to allow users easy access to assets. Moreover, it prioritizes security and ease of use hence an ideal choice for cryptocurrency trading beginners. 

Features

The leading feature of every wallet is the number of coins allowed. Even though it started as a purely Bitcoin wallet, it has expanded to support Bitcoin Cash in recent times. Still, this is limiting as there are several other coins in the market. 

On the positive side, the wallet supports both desktop and mobile access. It has windows and mac versions for desktop, with Android and iOS apps for mobile devices. 

Fees

Operating the wallet is quite affordable as it does not charge money to buy or sell the crypto coins. However, it allows the user to pay for the Bitcoin transaction costs. The amount depends on the current rates and the expected transaction speeds. 

Customer Service 

BTC.com provides exceptional customer service for all customer concerns. Traders can either access the team through active social media handles or an online ticket. It also has an in-depth FAQ page for general information.

The platform also has an engaging community. It allows for interaction among the users to develop better trading concepts and raise their concerns.

Security 

The wallet has top security features. Having no access to the user’s private sign in keys means no access by unauthorized parties. It provides for multi-sign in functionality for assured safety. Also, it supports up to 3 signatories for the transactions. 

BTC.com is an open-source trading platform. Unlike the other sites that keep their business running to themselves, this nature allows for public scrutiny, thus better accountability. 

The platform provides for a hierarchical deterministic Bitcoin address. Instead of creating a new backup every time one creates an address, the site offers a unique derivative code. The convenience means users don't have to memorize new numbers all the time, which eliminates the possibility of a loss of keys.

User Interface 

BTC.com comes with a simple and easy to use interface. It provides an easy to navigate the site with the coin switching menu on the first page. It also provides for other menu options like sending, receiving, buying, and settings. The site also allows users to make a secure password then provide the 2-factor authentication. 

It provides a history page to review the transaction. The user also gets to choose whether they want to make BTC.com as the default Bitcoin transaction platform for their device. 

Additional Features 

BTC.com is one of the most loaded Bitcoin storage platforms. It comes with several top tools for the efficiency of operations within the site. It provides for a BTC smart agent for tracking and controlling all transactions. It also has a mining profit calculator and a full-featured BTC.com app.

The site invests in a high-speed broadcast network. The system helps monitor all the blocks and ensures complete transactions. 

BTC.com has collaborated with the Bitman development team to create one of the most secure firmware. The customized T17 and S17 are reliable and come with no fear of reduction.

The platform provides for a chrome extension. As one of the most popular browsers, users can easily access it. For mobile devices, it allows for adding BTC.com on the home screen for easier access.

Making Payments Through BTC.com

Making payments from BTC.com is quite easy. The user navigates to the send section from the menu, keys in the amount to send then select the payment method.

The platform provides for different ways to send the assets. The first is the manual, which allows the user to key in the long wallet digits. The method is quite risky as one is susceptible to human error leading to wrong payments. For safety, the site allows for transactions through scanning a QR code. 

Lastly, BTC.com allows users to sync the system with phone contacts.  The option lets users send money to everyone on their contact, even those without a Bitcoin account.   

Pros and Cons  

BTC.com is a simple cryptocurrency wallet that comes with the ease of use. It also comes with proper security with multi authentication and reliable customer service. It does not charge transaction fees, making it quite affordable. Still, it has its downsides, like providing limited coin options.

Bottom Line 

Generally, BTC.com is an excellent choice for beginner cryptocurrency traders. Otherwise, after some time, the user might need to look for another vibrant wallet.

It is an ideal wallet for storing smaller amounts of Bitcoin due to its online nature. Otherwise, for more functionality, the user should consider hardware wallets. Still, the site provides full control of funds by the user. It offers for private keys, while the web and mobile functionality are all one needs from a wallet. 
 

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