BTC Cryptocurrency Wallet Review

BTC wallet wallet review

China
https://wallet.btc.com

Intuitive Ease of use, High Privacy, User Private Keys Stored

Overview
Security
User Experience

The BTC wallet is useful for users that want to send and receive Bitcoin and Bitcoin Cash. The mobile wallet was recently bought by a Chinese-based company and allows only US-based users to buy Bitcoin through the app on Glidera exchange. Although BTC wallet has a lot of security features, this is a hot storage application, private keys are stored in-app.

BTC.com is free, open source and multi-platform that offers a popular Blockchain explorer, statistics, wallet and API. It supports an extensive number of languages and currencies and allows for the buy and sell of Bitcoins through its partnership with Glidera. Users can also send and receive Cryptocurrencies using QR codes.

Company / organization behind the wallets

BTC.com is a Fintech Netherlands-based company which was recently acquired by the world's leading Bitcoin hardware manufacturer and the operator of one of Bitcoin network's largest mining pools, Bitmain, which is based in China. BTC.com was rebranded, previously being named Blocktrail, before it was bought by Bitmain Technologies in 2016. BTC.com also has offices in Beijing, one of the key persons behind these companies is Jihan Wu.

Crypto Currencies Support

Traditional Currency Support

Argentine Peso (ARS)
Australian Dollar (AUD)
Bolivian Boliviano (BOB)
Brazilian Real (BRL)
Pound sterling (GBP)
Canadian Dollar (CAD)
Chilean Peso (CLP)
Chinese Yuan (CNY)
Colombian Peso (COP)
Costa Rican Colón (CRC)
Euros (EUR)
Ghanaian Cedi (GHS)
Indian Rupee (INR)
Israeli New Sheqel (ILS)
Japanese Yen (JPY)
Mexican Peso (MXN)
Nigerian Naira (NGN)
Panamanian Balboa (PAB)
Paraguayan Guarani (PYG)
Peruvian Nuevo Sol (PEN)
Philippine Peso (PHP)
Polish Zloty (PLN)
Russian Ruble (RUB)
Saudi Riyal (SAR)
South African Rand (ZAR)
South Korean Won (KRW)
US Dollar (USD)
Uruguayan Peso (UYU)
Venezuelan Bolívar Fuerte (VEF)

Language Support

Arabic
Chinese
Dutch
English
French
German
Hindi
Japanese
Korean
Portuguese
Russian
Spanish
Swahili

Supported Systems

Android
iOS

Partners and integrated software

Glidera ( US-Only)

Users private keys are stored encrypted directly on their device and BTC.com has no access to them. This wallet offers two-factor authentication and using Hierarchical Deterministic (HD) wallet technology, BTC.com provides users with an easy-to-use backup seed PDF. A new Bitcoin address is generated each time you click on the "Receive" tab. BTC uses multi-signature to validate the transactions.

Summary:

Security

Average

2 Factor Authentication

Yes

Multi-Signature

Yes

Private Keys Stored On

User

Storage Type

Hot storage

Transactions Validation

SPV or Lightweight client

Hierarchical Deterministic

What happens in the event of a disaster/theft/loss?

The user has a 'root key', 'recovery phrase' or 'word seed' that can be used to regenerate private keys.

BTC.com wallet has a good design allowing users to send and receive Bitcoin and Bitcoin Cash fast and easily. The mobile app is very popular, with over 100,000 downloads. The BTC.com wallet is perfect for beginners and advanced users alike, and is also available on a web version. For the transaction pricing, the optimal fee is the recommended option to choose, both for speed and cost.

Summary:

BTC.com (AKA Blocktrail) is a longstanding reliable wallet. It needs a little upgrade in terms of design and functionality but has proved to be reliable. Like most mobile wallets your private keys are encrypted on your device and it provides an HD backup. They were recently acquired by Bitmain a major Chinese mining company so it will be interesting to see what they do with it.

Ease of use

Intuitive

Suitable For

Millennials

Account activation process

Simple

Transaction fees

Dynamic Transaction fees

Setup fee

$0.00

Functionality: