About Bitcoinwallet.com

Established since 2014, Bitcoinwallet.com is a US-based wallet service with its data servers located in the US as well. Their website features a simple design and has a relatively small following on social media platforms. Users of Bitcoinwallet.com are required to give up control of their private key to the service, and the platform exclusively supports Bitcoin, with no support for fiat currencies.

Bitcoinwallet.com does not offer exchange services, so users need to acquire Bitcoin from third-party sources, and the wallet facilitates sending, receiving, and transactions within the Bitcoin network.

Transaction Fees

User-to-user transactions among Bitcoinwallet.com users are free of charge. However, transactions to and from users who are not using Bitcoinwallet.com will incur a 1% transaction fee, which is designed to cover mining fees and is not an additional cost. The 1% fee may increase if mining fees rise above 1%. It's worth noting that deposits also incur this 1% transaction fee, which is not the norm as senders usually cover the fee.

Security and Features

Bitcoinwallet.com does not offer multi-signature functionality for its wallets. Users can enhance the security of their accounts by enabling two-factor authentication (2FA). The platform's security practices are challenging to assess, but it is mentioned that user funds are pooled, and funds are stored in cold storage. Additionally, data on the platform is AES encrypted.