Bitcoin Forum

Blockchain wallet adds ether as a new currency and a build-in exchange BTC to ETH

https://blog.blockchain.com/2017/08/17/blockchain-wallet-adds-ether/ (https://blog.blockchain.com/2017/08/17/blockchain-wallet-adds-ether/)

So this news is true? I received this email in my spam folder and hence thought the link was a phishing link which is why I did not click it. Since they accept ETH, it means all the coins too will be supported like on myetherwallet? Checked the blog but couldn't find this info.

Yes that is true:

https://www.forbes.com/sites/laurashin/2017/08/17/you-can-now-hold-ether-in-blockchain-one-of-the-worlds-most-popular-cryptocurrency-wallets/#2cd7c2fb6200

https://coinidol.com/blockchain-wallet-adds-ether/

https://siliconangle.com/blog/2017/08/17/bitcoin-wallet-blockchain-info-adds-ethereum-support/


Im not sure of this. But anyhow, users must not used any web wallet as receiving address for ETH contract tokens.

Well, that was unexpected, since Blockchain supported only the traditional Bitcoin and not popular altcoins (e.g. Litecoin) even Bitcoin Cash were not supported after fork.

I have read some comments about bad points of MyEtherWallet. What then would the best practice to have receiving address for ether token? Really.

You don't have to worry when using myetherwallet but don't forget to check the URL and SSL information on address bar before uploading Keystore file or entering private key.

Don't save your private key or mnemonic phrase anywhere online or in your computer, just save keystore file encrypted with very strong and unique password.


Litecoin doesn't offer anything more than bitcoin but ethereum is completely new tech with lots of future potential. They might never add bitcoincash.

What like bad points? Can you point it out and let's discussed it.

There are some safety measures to make sure our MEW addresses won't be compromised. Still it's way better to used MEW as priority when receiving ether tokens. Surely in the future there will be other platforms who will have that feature but for now, it's wise to stick with MEW.

It can't be that unexpected since Blockchain has to deal with share holders that are purely out to realize growth, which is exactly why they will continue to add more altcoins in the coming years.

Other popular online wallet services support various digital assets, so from a business perspective, the move from blockchain.info to support Ether is very lucrative and will likely gain them thousands of new users quickly.

Crypto in general has experienced an explosive level of growth, and the interest and attention has also flown big time into the altcoin industry ~ from there we can expect blockchain.info to support more altcoins in the future.

Basicly, it allows only to receive and send Ether. Yes, Ethereum is a popular coin and has potential but Blockchain does not offer the features as MyEtherWallet has.

Am agree with your post but Blockchain.info is with this feature on the same level with Coinbase. Allowing to receive and send tokens as MyEtherWallet offers, is missing that would be a great option.

There should be a statement too if they are able to support token's or other altcoins.

Those coins that are supported by ETH.

They should start to add BCH as I think they are now trying to focus now with only famous coins.

Not a big news at all i was a fan of blockchain when they allowed me to send multiple payments but as fees increased they wanted to make more money and removed the most important feature. As of eth it's no big news they won't allow us to send to contracts and storing online is still a risk it's better if we use myetherwallet it is easy viewer and it is more secure than other eth wallets.

I hated when they removed their legacy wallet option. They removed the ability to do custom spends (choosing your inputs), at least from imported private keys, making privacy much worse for their customers. I stopped using their wallet entirely after this.

They don't provide full Ethereum functionality here so indeed, MyEtherWallet is a better option. I wouldn't consider using Blockchain.info "storing online" since your private keys aren't exposed to them. Sending transactions can be significantly less safe than with desktop wallets, though, because of the risk of MITM attacks. The key security issue with Blockchain.info is that you don't control the software, even if you control the private keys.

yup its true they blockchain.info added ether

https://img.ebitbux.com/uploads/thumbs/blockchainether.jpg (https://img.ebitbux.com/uploads/blockchainether.jpg)

and ability to change your bitcoin to ether or vice versa

https://img.ebitbux.com/uploads/thumbs/blockether.jpg (https://img.ebitbux.com/uploads/blockether.jpg)

butwhy they didnt support bcc ? at least allow us to claim our free bcc  instead some of tutorials here that harm us and not work !! 

I'm guessing they didn't support it for the same reason that Coinbase didn't. The fork was rushed and they didn't have time to roll out a well-tested update in time for the fork. More than that, they have never supported altcoins, so it wasn't expected that they would necessarily support Bitcoin Cash. Just extract your private keys; it's easy enough. I'm pretty sure BTC.com has a wallet for Bitcoin Cash.

I imagine that the ETH update has been in the works for several months now.

I think they will announce something on this regards soon because as they don't have access to any bitcoin or private key information of their users they can't claim those BCC for their benefit. So there is no point for them to not allow their users to claim those free BCC they deserves.

You are right its a little bit surprising for Blockchain to addup Ether coin into their service knowing that Bitcoin would be the pure coin that they do support and now they do make such changes which is really a shocking thing for me considering that there are already lots of Ether wallets out there but well its better to have many options on choosing a wallet which do support ETH. Having many options is always better.

It's really not surprising. This is the direction we have been heading for a while. Bitfinex, Bitstamp and Coinbase (i.e. the major exchanges) all added Ethereum despite being very Bitcoin-oriented at the time, and despite the risks of diluting their respective market shares. They realized that the ETH market was simply too big to ignore.

The same goes for Blockchain.info. A few years ago, it made sense for a company in their position to focus solely on Bitcoin. With the altcoin and digital token markets continuing to flourish, they can make a relatively minimal investment (vs. their company size and operating funds) to get a big piece of market share during this early adoption phase.

Blockchain.info has ALSO raised their BTC sending fees like CRAZY... here's the message I got when trying to send my balance today (about .5 btc)

This is an oversized bitcoin transaction!

Your wallet needs to consolidate many smaller payments you've received in the past. This requires a relatively high fee in order to be confirmed quickly.
8.2x
The Normal Size
$41.62
Recommended Fee

Actually getting curious after reading the news. I think Ethereum deserved it, as one of the most growing second digital asset after Bitcoin. The market cap gradually increasing. It gives more important, waiting that moment.

Wow you would think thy would have added bitcoin cash first since isn't blockchain.info's main shareholder roger ver? Or maybe even remove the original bitcoin and swap to Bcash right.  Anyway dont keep any large amount of coins on there due to stories of the past of people getting hacked.

Blockchain.info will be adding BCH too but on a limited scale starting at the end of the year according to their blog. Maybe next time they will start adding other proven cryptocurrencies too like LTC.

I think this is the direction they are heading in. Like Coinbase and Bitstamp, they realized that gaining a foothold in the altcoin markets during this early stage is simply too important to neglect. Like Bitcoin, the time-tested and liquid coins like ETH and LTC will be sticking around for a long time. So, I imagine that this ETH rollout has been many months in the making.

It makes sense from that perspective that it would take months for them to roll out BCH, too. At their scale, supporting a major coin is no small endeavor. In time, I'm sure they'll be one of the go-to web wallets for LTC as well.

but there is still a huge difference!
services like coinbase are not just wallets, they are like banks. you give up control over your funds and they can use it as they like. for example they can use the bitcoin you deposit to trade themselves on other markets (just like a bank).

also they offer other stuff such as trading these altcoins which they make money from the fees.

blockchain.info doesn't do any of these!
they don't control the private keys so they don't have access to the funds you deposit.
they don't get any fees either for the services they provide.

this rises the question: what is the foothold they are trying to gain?

blockchain.info does offer "trading" in a sense. you can buy and sell BTC (and now it seems ETH as well) through their wallet.

they may not control your private keys, but that doesn't mean using them as a wallet is secure. you don't control the software pushing your transactions, which means you could lose coins in MITM attacks. you are trusting that the service isn't compromised.

the foothold they are trying to gain is market share for wallet usage, which translates to industry relevance. you can see that they are transitioning into the consulting space in an attempt to capitalize on this: