April 17, 2026

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New Ways to Control Your Crypto 🚀

Blockchain Blog
New Ways to Control Your Crypto 🚀

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.

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Russia Set to Legalize Bitcoin by 2018, Track Every Transaction

The Finance Minister of Russia has revealed state interest in tracking every cryptocurrency transaction ‘just like with bank operations.’ Furthermore, a bitcoin regulation bill is expected later this year, which could go into effect as early as 2018.


‘The State Needs to Know’

Russian authorities are looking into the possibility of legalizing operations with bitcoin and other cryptocurrencies within the framework of curbing illegal money transfers, Russia’s Finance Minister, Alexey Moiseev told Bloomberg.

He continued:

The state needs to know who the participants are in a financial operation. If there’s a transaction, the people who facilitate it should understand from whom they bought and to whom they were selling, just like with bank operations.

Back in February, Russia’s Central Bank deputy chairwoman, Olga Skorobogatova, revealed that the Bank and MinFin is expected to release a cryptocurrency regulation draft later this year, in which it will define whether bitcoin is an asset, cash or security.

She also noted that there is no pressing need to impose any restrictions since operations with cryptocurrencies, including bitcoin, are still insignificant in volume.

bitcoin is a private currency, and it’s become clear that all is not as simple and straightforward as in books and magazines. The position of regulators and agencies is thus that we would not like to issue a concrete ban on it, but rather understand how to approach it, and from this develop a base for regulation.

Kaliningrad May Be bitcoin Testbed

Back in February, Bitcoinist reported that the Russian enclave of Kaliningrad has expressed willingness to become the first region where cryptocurrency regulation could be tested.

Kaliningrad’s business ombudsman Boris Titov explained that regardless of what is decided about crypto at the state level, the area could become a testbed where bitcoin and its ilk are regulated while confirming that cryptocurrencies are currently “not prohibited in the Russian Federation.”

He also added that Kaliningrad could host Russia’s first cryptocurrency exchange.

It’s very important that cryptocurrency circulation not be regulated by any form of sanctions. This concept may sound utopian, but new times call for new solutions, and Kaliningrad Oblast can build on that.

In the Russian mainland, the city of St. Petersburg has recently become a testbed of its own for cryptocurrency teller machines or BTMs. The city currently hosts three machines, which have thus far remained untouched by authorities. If successful, more bitcoin ATMs and cryptocurrency businesses could follow suit.

Privacy Out the Window?

While the legalization of cryptocurrencies in Russia may seem like a one-eighty degree turn from previous legislative proposals of an outright ban, the status quo is probably better for individuals who value privacy. 

Just like in China, which has recently clamped down on its exchanges, who must now identify all users in accordance with Anti-Money Laundering (AML) laws, Russia seems to be headed in the same direction. 

It also appears that Russia’s Central Bank and the Ministry of Finance have realized that bitcoin’s public ledger can be used to track every (pseudonymous) transaction on its blockchain.

Bitcoinist_Apple Differential Privacy

Thus, it’s probably safe to assume that the expected bill will focus on the implementation of Know-Your-Customer (KYC) and AML policies in an effort to link users’ real identities to their bitcoin addresses. This identification process will likely occur at the on-ramp, i.e. when buying/converting into bitcoin, for example.

Therefore, it’s probable that cryptocurrency businesses such as bitcoin exchanges, bitcoin ATMs, online conversion services (e.g. Shapeshift) etc. will have to either comply or face penalties.

On the flip-side, regulatory clarity could open the door to more crypto-related startups in Russia. Meanwhile, ‘legal bitcoin’ in the country could also boost demand for more privacy-focused cryptocurrencies like Monero and ZCash as well as the development of bitcoin anonymizing tools such as Mimble Wimble.

Will Russia legalize crypto in 2018? Will it have a positive effect on bitcoin? Let us know below!


 Images courtesy of CNBC, Shutterstock

The post Russia Set to Legalize Bitcoin by 2018, Track Every Transaction appeared first on Bitcoinist.com.