We built the Blockchain Wallet because we’re driven by a relentless passion for making crypto easy to use. We want everyone to be able to use it, not just invest in it.
We believe that owning and controlling your own private key is the single most important aspect of using crypto. Without a private key, you aren’t using crypto – you’re just speculating and you’re missing the defining part of crypto: user controlled, sovereign money.
It was enabling that exact need that underpinned the development of the Blockchain Wallet six years ago. The mission? Make it easy for every user to have their own private key, to get users away from storing funds at exchanges and “bitcoin banks”, and to enable everyone to be their own bank.
Fast forward six years and we’ve achieved a few things that we’re proud of:
Building the first cross-platform, non-custodial, and cross-chain wallet
Signing up 30 million wallets in 140 countries globally
Powering over $200 billion in consumer transaction volume and over 80 million consumer crypto transactions in the last two years alone
Championing the cause of financial sovereignty and user-control with regulators around the world. (We’ve spent thousands of hours and millions on education and outreach.)
Helping our users store millions of BTC, BCH & ETH coins and generate over a quarter of bitcoin network traffic alone
Most importantly, it’s been a honor and privilege to be the first place tens of millions of people turn in order to actually use crypto and hold their own keys.
But there’s a lot still to do.
At the end of the last bull run, we did a serious self-assessment and asked ourselves, what do users need that we aren’t delivering today? We identified four common requests and frustrations:
Better, faster ways for new users to get their first crypto and make their first transaction
More storage types, like hardware, as users’ balances increased
More assets as users want to store and use an increasingly diverse asset set
Better, more reliable sources of liquidity as trading and investing across assets continues to increase
Satisfying these demands meant building a huge extension of our platform, at scale. We’ve had our heads down much of this year doing exactly that and starting today we’re excited to begin delivering new solutions to you, beginning with two new capabilities.
First, we’re launching Swap by Blockchain: a next generation trading product with best-in-class liquidity and execution, powered by our new machine trading software platform that ensures best execution across assets. Blockchain Wallet users will now have access to exchange-like prices without giving up control of their keys or their crypto. And trade limits will increase from hundreds to thousands of dollars of crypto per trade.
While the system currently has deep liquidity drawn from a variety of sources, we plan to add more liquidity sources over time, including decentralized exchange protocols. We’ve rebuilt our risk and KYC systems, so that you can onboard with ease, in minutes. Swap ensures our users stay liquid and can trade at the best prices in the market, regardless of overall market volatility and challenges. We’ve started rolling Swap out today and everyone will have access over the next two weeks.
Secondly, we’re launching Lockbox: a hardware vault in your pocket, built in partnership with hardware leader Ledger. Lockbox is simple to use and is even more secure thanks to a locked endpoint that prevents phishing and spoofing attacks. It’s hardware made easy, with a setup that takes just a few moments thanks to our custom hardware-software integration.
With Lockbox you’re able to check your balance and receive transactions, on mobile and web, without the inconvenience of having to plug your device in every time. In an industry first, you’ll also be able to trade directly from your Lockbox while still maintaining your keys. In conjunction with Lockbox, we’re also excited to let current Ledger device owners seamlessly pair with the Blockchain Wallet and trade directly from the Ledger device they already own.
And we have more coming this year, including additional assets and new products within the Blockchain Wallet that will bring you new, faster, and better ways to get started in crypto.
We’re here to build a new financial system and the Blockchain Wallet is your passport to that new world. Store crypto, trade crypto, transact with crypto and most importantly truly own and control your crypto.
We’re dedicated to building the functionality you want, without compromising your control of your key. Your crypto is yours, and it should stay that way.
Blockchain.com is one of the oldest and one of the most widely-known cryptocurrency web wallet provider but now it has something absolutely new to offer its clients. Having entered in a partnership with hardware wallet manufacturer , has developed an exclusive hardware wallet.
Peculiarities of the New Wallet
The new product is known as the Blockchain Lockbox and it is said to be a “first-of-its-kind hardware and software” solution. With its new hardware device Blockchain is going to enable its users to easily manage their online and offline funds via a single already known interface.
Blockchain and Ledger have joined their forces to unite their strengths with a view to provide Blockchain users with an opportunity to transfer some amount of their funds offline which will guarantee a higher level of protection against hacks.
Nevertheless, there is still an option to keep funds in the existing non-custodial web wallet and it is still possible to access it apart from the hardware device.
Moreover, the Lockbox will significantly facilitate crypto-to-crypto trades through Swap, the company’s native brokerage, which is planned to be launched in the nearest future.
Speaking about their new product CEO and co-founder of Blockchain, Peter Smith, :
“The Lockbox is a reflection of what our companies both do best. We’ve created an elegant software and hardware integration that offers more functionality than previously existed in our space. We’re thrilled to offer the Lockbox to Blockchain users so they can easily manage their funds online and offline seamlessly”.
Lockbox Device
According to the information provided by the company, unlike other hardware wallets, Lockbox is endpoint-controlled. It means that when a user wants to connect the wallet to the internet and plugs it into a computer, thanks to a specially installed key set it will be possible to connect the device only with approved websites. So, a user won’t be connected to some fake versions of third-party platforms or illegal websites.
The Lockbox is said to support mainly the cryptocurrencies that are supported on Blockchain’s online platform: , and . But it’s worth mentioning that the company is going to consider a possibility to add some other cryptos if there is a proven demand for them.
Pascal Gauthier, president of Ledger, also commented the result of their partnership with Blockchain:
“With stories about crypto hacking continuing to dominate headlines, it’s obvious that security must be top of mind for all stakeholders in the crypto space. With the combined forces of Blockchain and Ledger, users are truly getting the best of both worlds. Our partnership with Blockchain is the first of its kind, but as two companies hyper-focused on crypto security, it’s one that’s a natural fit.”
The device is built on Ledger Nano S hardware but it’s not its standard version rather custom Blockchain firmware. It is expected that the first deliveries of the device will take place in mid-November. Nevertheless, the Lockbox is already available for preorder and it is sold for $99.99.