What is Bitcoin.com?
As the cryptocurrency that started it all Bitcoin remains, without a doubt, the most successful crypto around the world. Over time, due to the sheer amount of dealing and trading, a number of successful Bitcoin cryptocurrency exchange platforms emerged. Amongst these many exchanges is the popular Bitcoin.com.
Concerning its name, the company known as Bitcoin.com has had a rather complex and muddled history, filled with legal intrigue and courtroom disputes. To be clear, this is not the official exchange of the Bitcoin crypto currency.
Bitcoin.com passed from owner to owner, though it wasn’t until 2015, under new management and direction, that the exchange we know today was born. Two years later in 2017 came the Bitcoin.com wallet, and since then things have been on a steady rise.
How We Reviewed Bitcoin.com:
We live and breathe crypto, dedicating many hours to investigating the market. From coins, to wallets, to exchanges, it’s our goal to be experts in every layer of the industry. We understand what works, can spot what doesn’t, and in general strive to find the best of the best. It is crypto exchanges that interest us most, which is why we hold each new site to a strict set of carefully considered standards.
Most of all, we want crypto trading to be as safe and transparent as possible. That’s why we decided to publish our findings here. We’re clear about what we find at each exchange, and you can be sure that we never pull any punches. If we say an exchange is good, know that the rating is based on years of expertise.
How Does Bitcoin.com Work?
Bitcoin.com is a dedicated cryptocurrency purchasing portal. Traders can quickly and easily sign up for an account, then engage in the market as they see fit. Bitcoin.com therefore acts as a direct link between traders, brokers, and other digital asset markets. The site was initially focused on providing digital wallets, but has since expanded to allow traders to purchase cryptocurrencies directly.
Bitcoin.com also provides various other services, focusing on fun and entertainment that can be enjoyed with cryptocurrency. Links to crypto based gambling is a big part of the platforms offerings.
What We Rated Bitcoin.com:
Sign-Up Process: 5/5
Signing up with Bitcoin.com couldn’t be quicker or more convenient. After initiating the signup process an account should be activated in around 10 minutes. Though it should be kept in mind that the Know Your Client (KYC) process will have to be completed. KYC requires a verified identification document to be submitted.
Deposits and Withdrawals: 4.7/5
Bitcoin.com is primarily focused on the direct purchasing of cryptocurrencies, meaning that only fiat deposits are necessary. Both deposits and withdrawals are easy and convenient, taking no more than a few moments to initiate. Crypto withdrawals are often completed within just a few hours.
Available Assets and Ways to Trade: 4.8/5
Bitcoin.com supports more than 250 of the most popular cryptocurrencies. No NFTs are supported at the time of writing.
Customer Service: 4.4/5
Bitcoin.com prides itself on customer support. Any challenges or problems can be directed at the dedicated customer support centre.
Security and Regulation: 4.8/5
Bitcoin.com puts security and safety above all else. Advanced encryption systems ensure that every transaction is kept safe from hackers and other cybercriminals.
|Type:||Digital Wallet And Crypto Purchase|
|Profit Close Rate:||85%+|
|Registration:||Free (KYC required)|
|Verification:||Under 10 minute (KYC required)|
|Withdrawal Time:||3 -5 hours|
|Order Execution Time:||Less than 1ms|
|User Data Encryption:||Yes (SHA 256-bit)|
Is Bitcoin.com Legit or a Scam?
Bitcoin.com has been in business for years and is respected as a legitimate cryptocurrency exchange. The platform has currently provided digital wallets to over 30 million traders, with that number growing on a daily basis.
Bitcoin.com Features and Differentiators
Bitcoin.com is fairly straightforward, primarily known for providing digital wallets to traders. The site expanded its services to also allow for the direct purchasing of cryptos with fiat currencies. No trading is supported, but the site is respected for being a safe and secure direct portal to crypto markets. The platform also has a strong focus on crypto related gambling.
Bitcoin.com and its dedicated app are extremely user-friendly in their design. Regardless if a trader is accessing the platform via PC or mobile, navigation is easy and convenient. The visuals aren’t flashy by any means, but then smart traders know that usability is far more important than flashy graphics.
Place Trades Simultaneously
Bitcoin.com doesn’t support crypto trading at this time. The function of the exchange is purely the buying of cryptos with fiat currency.
Bitcoin.com does not offer any automation services. The platform is designed for the direct purchasing of cryptocurrency with fiat currencies.
Zero Licensing Cost
Bitcoin.com does not charge licensing costs, but does have fees when transactions are made on the platform, or when cryptos are transferred or sent to other addresses.
It is well known that a great deal of money can be made with cryptocurrency buying and trading. Those that are familiar with the market, and pay attention to trends, can indeed make a great deal of money. There is, however, no guarantee that engaging with the crypto market will be profitable.
Trade Multiple Cryptocurrencies
Bitcoin.com allows for the purchasing of over 250 of the most popular cryptocurrencies available today.
The world of cryptocurrency has come under attack by cybercriminals on many occasions. That is why Bitcoin.com takes security so seriously. The platform is fully protected by advanced encryption technology, ensuring that traders and their data are safe. A Secure Socket Layer (SSL) is the same safety system used by traditional banks. It is now used at Bitcoin.com and other crypto platforms.
Bitcoin.com understands that withdrawals can be tedious if they take days to finally be processed. All crypto withdrawals from the platform to other wallets are generally completed within a few hours.
Customer Support Department
A professional and dedicated customer support centre is always standing by to lend a helping hand. Any challenges or problems encountered are sure to be swiftly resolved.
Demo Trading Account
Since Bitcoin.com is primarily focused on the direct purchasing of cryptos with fiat currency, no demo trading feature is provided.
How to Register with Bitcoin.com
Registration with Bitcoin.com takes just a few minutes. Though, it should always be kept in mind that the KYC process will have to be completed. Having verified identification documents ready will help registration conclude much more swiftly.
1. Registration Form
The registration form is simple and straightforward. Basic details are requested, such as a name, an email address, and physical address. Not providing this information correctly will result in registration taking longer than normal.
2. Make Your First Deposit
Crypto can be purchased at Bitcoin.com using fiat currency. Payment methods accepted included credit card and debit card. Payments are also accepted via PayPal, bank transfer, Google Pay And Apple Pay.
3. Demo or Live Trade
The trading of cryptocurrencies is not supported at Bitcoin.com. All the hottest cryptos can be directly purchased with fiat currency.
Tips for Making the Most of Bitcoin.com
Bitcoin.com is a diverse site with a number of interesting features. Utilising the additional features will the make the difference between an average experience, and a great experience.
Utilise Your Account Broker
Bitcoin.com does not offer any account broker services at this time.
Invest the Minimum at First
Investing in Bitcoin and other cryptos is exciting, but it is also challenge that should be approached with all due caution. When buying a crypto only the minimum should be purchased to start with. If it seems that the crypto is performing well a bigger purchase can be made at a later date.
Keep Track of Your Cryptos
There are over 250 cryptos available for purchase at Bitcoin.com. It is wise to keep track of which cryptos have been purchased, and how they are performing.
Spend 20 Minutes on Your Account Daily
Crypto investing can be complicated and confusing. That is why pro traders recommend spending at least 20 minutes exploring the industry per day. The time can be spent reading crypto related news, checking markets, and investigating the various services.
As exciting as the crypto market is it should be approached carefully. Crypto markets are volatile, which means that profits can be made and lost without warning. Smart investments are the way to go.
Keep Track of Your Transactions
Keeping a log of transactions is a good idea. There is no telling when the information will come in handy.
The Brief History of Crypto and Bitcoin.com
Bitcoin.com is a platform with an interesting history. The domain name was first owned in 2000 by a Swedish company called Hurricane Communication. The organisation had bought the domain out of speculation, but allowed the lease to lapse in 2003. The domain was then picked up by IVN Technology in 2005, though little was done with the site until 2008.
The domain then passed to Jesse Heitler in 2008. He held the domain until 2012, then finally sold it to David Lowy for just $2,000. The domain then passed to Roger Ver via an undisclosed deal. Ver first leased Bitcoin.com to Blockchain.info, then to OKCoin. OKCoin, however, abandoned the lease in 2015 over a disagreement. In a court battle Ver was eventually granted a $570,000 judgement.
Bitcoin.com became a flourishing crypto platform, and in 2020 Dennis Jarvis, formerly of Apple, was appointed as the CEO. Jarvis decided that it was best for Bitcoin.com to stop focusing on a single crypto and adopted a broader cryptocurrency appeal.
Alternatives to Bitcoin.com:
Bitcoin.com is great for directly buying cryptos. Other platforms also allow for crypto trade and other market engagement, such as Gemini, Kraken, eToro, Coinbase and many more.
Frequently Asked Questions About Bitcoin.com:
What is Bitcoin.com and How Does It Work?
Bitcoin.com is a crypto wallet service, as well as a crypto purchasing gateway. Traders can sign up for a wallet, then directly purchase crypto with fiat currency. Crypto can be transferred from Bitcoin.com to various other trading platforms.
How Much Profit Can I Make with Bitcoin.com?
Cryptocurrencies are a volatile market. This means that values may climb or fall unexpectedly. It is possible to make a great deal of profit in this environment, assuming that smart investments are made.
Is Bitcoin.com Free to Use?
It is free to sign up at Bitcoin.com, and wallet services are also free. Fees are charged when crypto is transferred from the Bitcoin.com wallet to other exchanges or wallets.
Bitcoin.com App - is One Available?
A dedicated Bitcoin.com app is available for Android and iOS mobile devices.
Where is Bitcoin.com Available?
Bitcoin.com is available in dozens of countries around the world, including the United States, Japan, Zimbabwe, Iraq, Iran, Barbados, North Korea, Pakistan, Syria, and many others.
Bitcoin.com is known mostly for its wallet services, but has more recently also offered crypto purchasing services. In this regard the platform is flawless, providing a convenient, safe way to invest in cryptos. Over 250 hot cryptos are currently supported, with the number growing on an almost daily basis.
The dedicate Bitcoin.com app is excellent, professionally designed and providing easy access to a crypto portfolio. Both Android and Apple versions are available for free download.
Beyond basic services Bitcoin.com also focuses on crypto entertainment. The platforms give easy access to various crypto based online casinos, including the hottest and most popular sites. All in all the platform is a perfect gateway into the world of crypto trading.