Introduction to Your Trading Account
Your Blockchain.com Wallet’s original Private Key Wallet will always be available for you to send, receive, and store your crypto, while retaining complete, sole control of your private keys. Now we’re excited to introduce you to your wallet’s Trading Account, a new feature that puts even more power in your hands!
What is the Trading Account?
Your Trading Account balance is custodial, which means that Blockchain.com securely stores that balance for you. This can allow some transactions made with your Trading Account to be faster and to avoid cryptocurrency network fees, by not needing to be broadcast on-chain. For more details on the technical differences between the Private Key Wallet and the Trading Account, please see this article. To put it simply, the Trading Account allows you to receive the crypto you Buy, Sell your crypto, Swap your crypto, and more, in less time and with fewer fees. You can learn more about how you can use your Trading Account and how its functionality differs from the Private Key Wallet here.
Crypto in the Trading Account
When you have crypto in your Trading Account, whether from buying crypto, Swapping, withdrawing from your Interest account, or transferring to your Trading account, you can store it there and easily use it for many types of transactions. However, if you’d like to send the crypto to an external address, you must first withdraw it from your Trading Account balance to your Private Key Wallet. You can learn more about withdrawing from, and sending to, your Trading Account in this article.
USD, GBP, and EUR cash wallets enable users to deposit and withdraw funds from their bank directly into the Blockchain.com Wallet or simply exit a crypto position into stable cash. When you’re ready to buy again, you can use your money in your cash wallet to buy crypto in seconds without having to wait for a payment to arrive. You can learn more about cash wallets this article.
More Information about the Trading Account
You can find more details and information about the Trading Acount here. If you have any questions or we can be of any assistance, please contact our Support Team and we will be happy to assist.