A blockchain wallet is a digital wallet that allows users to store, manage, and trade their cryptocurrencies.
Blockchain Wallet is also the name of a specific wallet service provided by the company Blockchain. This is an E-wallet that allows individuals to store and transfer cryptocurrencies.
Blockchain Wallet users can manage their balances of Bitcoin, Ether, and other crypto assets.
Blockchain Wallet has a number of security features to prevent theft, including by company insiders.
Users can send a request to another party for a specific amount of bitcoin or other crypto-assets, and the system generates a unique address that can be sent to a third party or converted into a Quick Response code or QR code for short. A QR code is similar to a barcode, which stores financial information and can be read by a digital device.
A unique address is generated each time the user makes a request. Users can also send crypto-assets when someone provides them with a unique address.5 The send-and-receive process is similar to sending or receiving funds through PayPal but uses cryptocurrency instead. PayPal is an online payment provider that acts as a go-between for customers and their banks and credit cards by facilitating online transfers through financial institutions.
Blockchain Wallet only allows six crypto-assets for swapping: Bitcoin, Ethereum, Bitcoin Cash, Stellar Lumens, Tether, USD Digital, Wrapped-DGLD.9