Bitcoin.com Review

Without a doubt, Bitcoin is the most popular cryptocurrency in the world - I mean, it’s the one that started it all! Naturally, with such an amount of attention that it receives, this particular cryptocurrency possesses a lot of dedicated wallets. In this Bitcoin.com review, we’ll be looking at one of them.

Now, if you’re thinking - with a domain name like that, this wallet should be great, right? -, you’re not too wrong. While you’ll find many “is Bitcoin.com safe?” inquiries online, the majority of the answers seem to indicate that the wallet really is worth paying attention to.

We’ll get into the nitty-gritty details in due time, though - we’ll talk about the legitimacy of the site, how it operates, and whether or not it’s worth using as a reliable crypto wallet. If you find that it's not exactly what you're looking for, though, you may also check out better alternatives, such as the Binance wallet or the Ledger Flex.

Bitcoin.com Review: PROS

The current version of Bitcoin.com was re-launched in 2015. A single Google search will reveal to you that the domain name (and the operations behind it) has had a pretty complex history of legal disputes and miniature controversies. From 2015 up to August of 2019, Bitcoin.com was run by a crypto enthusiast named Roger Ver.

If that name sounds familiar, it’s probably because you’ve seen it come up in other user Bitcoin.com reviews - admittedly, Mr. Ver is one of the more controversial figures in the cryptocurrency world.

Funnily enough, it would actually be impossible to talk about Bitcoin.com and all of its pros and cons without also discussing Roger Ver and his views on Bitcoin. They are actually quite heavily intertwined with the crypto wallet in question, especially when it comes to user Bitcoin.com reviews, and questions such as “is Bitcoin.com wallet safe?”.

This is true even today, too - while Roger Ver has stepped down from the position of CEO of the company all the way back in August of 2019, his sentiments regarding Bitcoin, Bitcoin Cash and the concept of decentralization, in general, still linger around the wallet.

Worry not, for all of this shall be elaborated in due time - for now, let’s concentrate on the actual usability aspects of the wallet.

Very Easy to Set Up and Use

One of the first advantages that you’ll see mentioned quite often among user Bitcoin.com reviews is the fact that, as a crypto storage platform, Bitcoin.com is actually very simple to use and straightforward to set up, in the first place.

Admittedly, usability has always been the “odd feature” when it came to crypto wallets, whether it be dedicated ones or those that can store multiple cryptocurrencies at once. While you’re going to come across questions such as “Is Bitcoin.com legit?” and “Is the wallet safe to use?”, you’ll rarely encounter questions regarding usability.

Now, don’t get me wrong - as noted above, users point out the simplicity aspect of Bitcoin.com regularly. That said, topics such as ‘fees’ or ‘security’ tend to overshadow any and all usability aspects.

All of that being said, though, let me stress this once again - Bitcoin.com is very easy to set up and start using as a Bitcoin storage wallet. It’s a software-based wallet, too, which means that it comes with some extra security features.

Software-Based Bitcoin Wallet (Available on Most Operating Systems)

Being a software-based Bitcoin wallet means that you’ll have to download a file from Bitcoin.com and install it on your system. The difference from an online wallet is that, with the latter, you’d only be able to use it while connected to the web, on a specific website, while the former has dedicated software.

Naturally, as you can probably imagine, this is some great news for anyone wondering, “Is Bitcoin.com wallet safe?”.

I haven’t seen many user Bitcoin.com reviews elaborate on this, but a software wallet is going to provide better security features than most online ones. That’s simply because program- or app-based wallets are more difficult to hack than those that are based on the browser.

Better security aside, it would appear that one of the better features mentioned in multiple Bitcoin.com wallet reviews is the fact that the wallet in question is available on popular operating systems, including iOS and Android.

While this is probably quite self-explanatory, extensive device support makes the wallet very appealing for a large group of people, since no matter which OS it is that you use, you’ll always be able to access your wallet and check on your funds.

Accepts Fiat Money / Easy to Purchase Bitcoin

Fiat currencies are those that are issued by the government - USD, EUR, GBP, and so on. Frankly, they are currencies that we deal with every single day - they’re also money that cryptocurrencies and the process of decentralization aim to eventually replace.

The issue with a lot of crypto wallets is that they either don’t accept fiat money or don’t allow you to purchase cryptos from within them, in general.

As user Bitcoin.com reviews will tell you, that’s not the case with Bitcoin.com.

The wallet in question allows you to easily integrate your credit card and purchase Bitcoin, Bitcoin Cash, Ethereum, or other supported tokens that way. The integration is simple, the purchasing process itself is simple - everything related to the usability aspect is simple and straightforward!

Growing Support for Popular Cryptocurrencies

When the domain name is literally ‘bitcoin.com’, you probably think it's only for Bitcoin, right?

Well, in the past, one of the biggest proclaimed downsides of Bitcoin.com was that, in fact, you couldn't store any other cryptocurrency within it, except for Bitcoin and Bitcoin Cash.

Earlier versions didn't even support popular altcoins such as Ethereum and Litecoin, or some lesser-known as Dash and NEO - none of them were available for storing on the Bitcoin.com wallet.

If you were only interested in Bitcoin, then naturally, you weren't going to see this as a huge issue. That being said, though, as cryptocurrencies became more popular over time, an increasing number of people started to expand their interests to include various altcoins - for this group of individuals, Bitcoin.com just wouldn’t “do it”.

The platform took note of this and made a series of changes to meet the growing demand.

As of writing, the Bitcoin.com Wallet supports multiple blockchains, including Bitcoin, Bitcoin Cash, Ethereum, Polygon, Avalanche, BNB Smart Chain, and Stellar, as well as their respective token standards like ERC-20, BEP-20, and Stellar tokens.

Despite that, some may still look into wallets that allow you to store multiple different crypto assets and provide more advanced features. Examples include Ledger, Trezor, and popular hot, exchange-based wallets, such as Binance.

Multiple Support Channels

As much as the philosophy of Bitcoin.com’s ex-CEO was a subjective topic that’s up for debate, there was a time when the wallet didn't have dedicated, live customer support, which was objectively bad.

There seem to be a few different industries that suffer from this issue, and the crypto wallet (and exchange) world is one of them. While some brands host pretty poor-quality support, companies such as Bitcoin.com previously didn’t offer any live support option, in general.

As you can probably imagine, this wasn’t good - especially if you encountered an issue with the wallet, and seemingly weren’t able to resolve it yourself.

No live customer support also means that, oftentimes, you have to rely on the community to help you out. Oftentimes, this was a shot in the dark - while some people might have been well-intentioned and genuinely wanted to help you, others would look for ways to scam you out of your Bitcoins.

But not anymore! Bitcoin.com has since expanded its support options, offering access to multiple help channels like:

• A dedicated help center;
• Official tutorials and guides;
• 24/7 live in-app chat.

Because of this, you no longer have to rely solely on community forums when you need assistance. Between the guides and the support team, help is much easier to reach. That said, this doesn’t mean you should lower your guard. Good support helps, but staying vigilant about your security habits is still important as ever.

📚 Check Out: Cryptocurrency Security Guide

Bitcoin.com Review: CONS

As mentioned in this article a few times already, user Bitcoin.com wallet reviews would have you believe that the wallet in question is quite popular among the crypto community, and that it’s actually great for storing your Bitcoin in. While that might be the case, in general, there's a downside that needs to be addressed.

Involved in Controversy

Remember when I said that the now-ex-CEO of Bitcoin.com - Roger Ver - is a pretty controversial figure in the crypto world, with some quite controversial outlooks on things?

Ya, well, his reputation did, at the time, damage the way people see Bitcoin.com, too. This is evident from quite a few Bitcoin.com reviews left online, and especially from social forums such as Reddit.

Mr. Ver is an avid fan of Bitcoin Cash - so much so that he promoted it to the fullest extent, while shunning people away from the “original” Bitcoin with the argument that it “lacks scalability”.

In the past, some of Mr. Ver’s practices were criticized by parts of the community, with many arguing that his strong support for Bitcoin Cash conflicted with how they interpreted Bitcoin’s original philosophy and decentralization ideals.

Admittedly, none of that has anything to do with the actual usability aspects of Bitcoin.com. However, it did lead a lot of people to question “Is Bitcoin.com wallet safe?” and “Is Bitcoin.com legit, in the first place?”.

If you’re an avid cryptocurrency fan yourself and are a true believer that cryptos are the future, Roger Ver’s comments and point of view might leave a bitter taste in your mouth, too. If you’re just in it “for the money”, though, and don’t really care about the philosophical side of things, then it doesn’t really affect you or the wallet in question, either.

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Security Features

Whenever somebody references the security aspect of cryptocurrency wallets (whether in Bitcoin.com reviews or any others), the two big terms that usually come into play are “two-factor authentication” and “custom PIN codes”.

Both of these safety-ensuring measures have become almost mandatory when picking the right crypto wallet for yourself. Custom PINs are self-explanatory - they are quite foolproof, unless you use the same PIN codes in multiple different places online.

2FA, on the other hand, is considered to be a top-tier security measure when it comes to keeping your cryptocurrencies safe - exchanges and wallets that use 2FA (i.e., CEX.IO) are usually praised for it, since it’s obvious that they do care about the safety of their user' crypto coins.

Now, unfortunately, Bitcoin.com doesn't have two-factor authentication.

Of course, this doesn't mean that the wallet is “unsafe” to use. That being said, though, it does mean that certain security measures commonly seen on custodial platforms aren't applicable here, since the wallet is self-custodial in nature and users retain full control over their private keys.

It uses client-side encryption and a 12-word recovery phrase for backups. Since you have full control over your keys and assets, traditional 2FA doesn’t apply. You can enable biometric authentication for extra protection on your mobile phone, though.

Price

An important part of any Bitcoin.com wallet review has to do with the pricing (fees) of the wallet in question.

As you know, you’re able to purchase Bitcoin and Bitcoin Cash from within the wallet in question. Naturally, as with most other exchange-wallets out there, you’ll be charged a set fee for your transaction.

Bitcoin.com does have a fee system in place, though it isn’t a fixed or standardized one. Rather than charging set maker and taker fees like a centralized exchange, the fees you see when purchasing, selling, or swapping crypto are determined by integrated third-party providers.

Now, admittedly, the costs can vary depending on factors like your region, liquidity, and payment method, and for certain people, those fees can feel quite high. There are many wallets out there that can take a smaller charge from your transaction and have a scaling fee system in place for more consistent pricing.

How to Use the Bitcoin.com Wallet?

To finish off our Bitcoin.com review, let’s quickly discuss how to actually use the wallet in question - meaning, how to install and set it up, transfer funds, buy Bitcoin, and so on. Granted that we’ve answered the question “is Bitcoin.com legit?” quite extensively, you might want to try the platform out - it’s better to know what to expect!

How to Install and Set Up Bitcoin.com?

First up, the installation process.

The user Bitcoin.com reviews didn’t lie - once that’s done, the setup process is complete - you can now send and receive Bitcoin or Bitcoin Cash!

How to Send / Receive Bitcoin?

Sending and receiving Bitcoin or Bitcoin Cash is also very simple with the wallet in question.

Once that’s done, just choose the amount of Bitcoin that you’d like to send, and follow through with the transaction!

As you can see, the processes of sending and receiving Bitcoin are actually very simple with the wallet in question - most user Bitcoin.com reviews agree!

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• User-friendly design
• Robust security
• Long battery life

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Conclusions

Now, then - is Bitcoin.com worth using, in the first place?

Well, judging by the majority of user Bitcoin.com reviews found online, yes - as long as your focus is on purchasing, selling, and storing major cryptos such as Bitcoin, Bitcoin Cash, and Ethereum.

Naturally, the wallet does have a flaw - a past controversy surrounding its ex-CEO. That said, most of its users agree that, when it comes to Bitcoin storage, it’s surely one of the better and easier-to-use wallets out there.

If, however, you'd like to check out some alternatives, do keep in mind that hardware crypto wallets are always going to be "at the top", security-wise. Popular options include the Ledger Flex and the Trezor Safe 7.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.