HardBlock.net is an Australian based exchange located in Adelaide, South Australia. Established in 2014, HardBlock as enabled Australian residents to participate in the buying and selling of Bitcoin since their inception. While this platform has failed to integrate other cryptocurrencies besides Bitcoin into their exchange platform, HardBlock does offer perks unmatched by other competitive exchanges. As you will learn throughout this unbiased review, HardBlock is a simple service platform that is rather straightforward with their operational procedures.
What is HardBlock?
HardBlock is an online exchange that is designed for Australian residents. Australians interested in purchasing or selling Bitcoin are able to conduct these transactions through the secured HardBlock platform. The volatility of Bitcoin will dictate the competitiveness of the exchange value offered through HardBlock. Naturally, the higher the volatility, the less value an investor can expect to earn for selling their bitcoins and so forth with the purchase of Bitcoin through their platform.
Who is Behind HardBlock?
HardBlock.net is owned and operated by a corporation known as HardBlock, which has been a registered company since January 15th, 2014. Filed under Australian Business Number 82 759 501 160, it appears that Daniel Wilzynski is the active founder behind this company. Regulated through the Australian Securities and Investments Commission (ASIC), it is evident to us that HardBlock appears to be a legitimate and reliable destination for Australians looking to exchange or acquire Bitcoin.
The registered address on file for HardBlock is 19 Ulva Avenue, Warradale SA 5046. Although not disclosed in the ASIC report, according to the About Us page found at the HardBlock website, Xuna Xu is the active developer and software engineer employed through HardBlock. No other operators have been found in affiliation with HardBlock. A WHOIS domain report will reveal that the domain was privately registered.
How does HardBlock Work?
HardBlock works in one of two ways. Australians looking to become involved in the Bitcoin boom and wish to acquire Bitcoin are able to register for an account through HardBlock.net where they can purchase BTC through their platform. In order to become eligible for both buying or selling Bitcoin, investors must register for an account through HardBlock then go on to verify their identity. Among the documentation needed would be proof of address, proof of identity and proof of utility.
Once your account has been approved, Australians looking to purchase bitcoins must send a bank wire transfer to HardBlock through their payment portal. After 2 to 3 business days and once approved, the investor will have their purchased Bitcoin value sent to their Bitcoin address. Sellers looking to exchange their bitcoins for fiat currency can create an account through HardBlock if they plan on selling more bitcoins in the future but are also able to use the HardBlock QuickSell service to quickly exchange their bitcoins for fiat currency.u
Red Flags and Complaints
Since 2014 HardBlock has been available for Australian residents to take advantage of. Since their creation, they have yet to accrue any real negative feedback. Unlike most cryptocurrency sites we review, HardBlock was quite open about their identity and they are even ASIC regulated, which is a rare discovery this day-and-age in the Bitcoin domain. To learn more about the community chatter regarding HardBlock, feel free to check out some insightful discussions forms featured at BitcoinTalk.org and reddit.com.
Can HardBlock be Trusted?
Yes, HardBlock is a verified and legitimate Bitcoin exchange for Australian residents. No matter your experience, you can pursue an active roll through HardBlock and get started with Bitcoin.
HardBlock.net possessed a SimiliarWeb global rank of 2,870,552 with an Australia rank of 121,285 as of December 2017. While world-wide it may appear that HardBlock is not a popular destination, this site is evidently quite reputable and frequently visited by Australian residents.
HardBlock Review Conclusion
HardBlock is an ASIC regulated Bitcoin exchange tailored for Australian investors. While the volatility of Bitcoin may make exchanging through HardBlock a bit of a challenge for some Aussie residents, it should be noted that investors can receive exceptional rates when Bitcoin isn’t reflecting much volatility. For investors who reside within Australia and looking for a suitable exchange, you would be hard-pressed to find a more secure and legitimate operation than HardBlock.
Review Verdict: HardBlock is LEGIT!
Official Website: HardBlock.net
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