A blockchain wallet is a digital wallet that enables users to store, manage, and trade various cryptocurrencies, including bitcoin and ether. It can also refer to the wallet service provided by BlockChain, a software company founded by Peter Smith and Nicolas Cary. With a blockchain wallet, users can transfer cryptocurrencies and exchange them back to their local currency.

Essentially, blockchain wallets are digital wallets that manage and trade cryptocurrencies. It is a specific e-wallet service offered by blockchain companies that allow individuals to store and transfer cryptocurrencies. Users of blockchain wallets can effectively manage their Bitcoin, Ether, and other crypto assets. Additionally, the wallet utilizes dynamic fees, thereby incurring different transaction fees based on factors such as the size of the transaction. To prevent theft, including insider threats, the blockchain wallet incorporates several security features.

E-wallets enable individuals to securely store cryptocurrencies and digital assets. For example, with a blockchain wallet, users can monitor the balances of various cryptocurrencies such as Bitcoin, Ether, Stellar, Tether, and Paxos Standard.

Creating an e-wallet with Blockchain Wallet is free and account setup can be completed online. During the setup process, individuals are required to provide an email address and password for account management. After this, the system automatically sends an email to request account verification.

Once the wallet is created, the user receives a unique wallet ID similar to a bank account number. Access to the e-wallet can be achieved by logging in to the blockchain website or through a downloaded mobile app.

The blockchain wallet lookup interface displays the latest wallet balance of the crypto asset and the user's recent transactions. Additionally, users can access price charts and view the value of the fund in the local currency of their choice. There is also an educational "Did You Know" section with crypto facts and news.

Users can request a specific amount of bitcoin or other crypto assets from another party, and the system creates a unique address that can be transmitted to a third party or converted into a quick response code (QR code). Similar to barcodes, QR codes store financial information and can be scanned by digital devices.

A new address is generated each time a user makes a request. When provided with a unique address, the user can also send encrypted assets. This process of sending and receiving is similar to moving money through PayPal, but using cryptocurrency.PayPal is an online payment provider that facilitates online transfers through financial institutions, acting as an intermediary between customers and their banks and credit cards.

Users have the option to swap Bitcoin for other cryptocurrencies and vice versa, a process referred to as swapping, providing a convenient means to switch digital assets without compromising the security of the Blockchain Wallet. Upon initiating a swap, users are presented with a quote reflecting the amount they will receive based on the current exchange rate, with the rate adjusting according to the duration taken to complete the transaction. Generally, swaps are expected to be processed within a couple of hours as the transactions are verified on each currency's blockchain. However, users are advised to seek assistance from customer support if the process extends beyond six hours.

The Blockchain Wallet supports the swapping of six cryptocurrencies: Bitcoin, Ethereum, Bitcoin Cash, Stellar Lumens, Tether, USD Digital, and Wrapped-DGLD.

Furthermore, users can buy or sell cryptocurrencies through the Buy Crypto interface accessible through the Blockchain Wallet. However, these services may not be available in all locations. To make a purchase, users can transfer funds from a bank, use a credit or debit card, or utilize their available cash balance. Specific limits are in place for these transactions, including a daily limit of $25,000, a weekly limit of $100,000, a minimum buy order of $5, and a maximum buy order of $25,000.