Is coinbase a safe wallet - page 4. | Bitcointalksearch.org

n691309

legendary

Activity: 1526

Merit: 1001

Quote from: Genius Einstein on May 13, 2016, 07:32:24 PM

As per the question is coinbase a safer wallet than blockchain

As long as you do not do anything illegal you can use coinbase wallet, if you do anything illegal then they will close/freeze your account. I use sometimes the coinbase wallet as i have their application on my phone and it is good and safe enough. The cons about coinbase is that if their servers or website goes offline then you can't use your bitcoins.

BitcoinSupremo

copper member

Activity: 1442

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The point of bitcoin in the first place is for it to be your own bank. How can it be your own bank when someone else controls it for you in the case of coinbase and blockchain ? I suggest you start being your own bank by using desktop wallets like Electrum and MultibitHD which are quite secure and much more user friendly. The worst of all bitcoin wallets are web based ones.

Herbert2020

legendary

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Merit: 1137

both of them are online (web) wallets which are considered bad wallets which are unsafe.

the difference between the two is that you have access to your private keys on blockchain.info while you don't have access on coinbase so if coinbase blocks your account because of their TOS you can't do anything and will lose your money.

also both can be hacked, they both have username and password type of login so they are susceptible . you can use 2FA to increase the security a bit though.

jacktheking

legendary

Activity: 1484

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Personal Text Space Not For Sale

I believe that Coinbase is safe as it is being backed up by a somewhat large company. Which mean they have the right people and tools for all your needs. In addition, take a look at this webpage if you haven't - https://www.coinbase.com/security/.

However, I'd strongly recommend you to stay away from web based wallet as far as possible.

gentlemand

legendary

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Welt Am Draht

As with blockchain.info, you're not safe against hacks at your end. You are insured if they get hacked. If you fall afoul of their rules such as them being able to trace your coins for gambling or selling them on then they'll boot you out. Personally I'm not interested in playing by their rules.

tsaroz

legendary

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★Bitvest.io★ Play Plinko or Invest!

I highly recommend coinbase. It has no issue at all and it is more userfriendly and with a highly advance service. It's API is most popular and implemented in a lot of sites. It is not just a wallet but a complete manager.

Genius Einstein

member

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Merit: 10

As per the question is coinbase a safer wallet than blockchain

Topic: Is coinbase a safe wallet - page 4. (Read 32052 times)