Topic: which is the best? Blockchain or Coinbase. (Read 7253 times)

I'm pretty sure they all have 2FA. Coinbase is a trusted third party, but they are tightly regulated and extremely well-funded, and would likely be able to repay following any site compromise. Blockchain.info has security vulnerabilities even though you can control your own private keys; since you don't control the software, transactions you sign could potentially be altered (variants of MITM attacks) if the site itself becomes compromised. I don't know much about Xapo, personally.

Because Coinbase is an exchange wallet and most of the exchanges wallet doesn't really provided their users their private keys. and blockchain.info is purely a bitcoin web wallet so basically it's a must they will have a feature of getting private keys. I don't mind using Coinbase since they are regulated and their identity is transparent.

In Coinbase you can buy and sell bitcoin which is not possible on blockchain.info. Well both wallets have advantages over one of them so just used whenever fits your criteria.

Blockchain and Coinbase? I won’t even waste time to mention Blockchain as the best. Yes, Blockchain is more better than Coinbase. Coinbase is the third on my list of favorite Bitcoin wallets, cause I prefer Xapo over Coinbase. The 2 Factor Authentication is quite an advancement in their security, and that makes it more secure than most of the other wallets out there.

I've been using blockchain.info wallet ever since and never did I have a single problem. Tho, there was a "problem" once when I've used their recommended fee and my tx got stuck, but other than that never had any problems. I've never used coinbase and I probably never will, but I wouldn't be holding my btc on an exchange site anyways.

Coinbase doesn't let you to own your private keys of your bitcoins you will hold there and we do know that if you don't own your private keys you don't own any bitcoin. While both Coinbase and Blockchain.info are both web wallets and are not that recommended comparing the two Blockchain.info is better because they let you to have control over your private keys different from Coinbase. Nevertheless it is better for you to use a desktop wallet like Electrum cause this way you don't rely on third party websites to do your transactions but only on your desktop.

Better yet, just use your own local wallet. And take it a step further, moving most of your coins offline completely. Blockchain.info definitely has security vulnerabilities; you don't control the software that's broadcasting transactions signed by your private keys. If their service is compromised, you could be tricked into signing transactions that steal your coins.

Blockchain.info gives you more security and control over your funds than Coinbase, but it's not ideal. I'd suggest Electrum for a simple, lightweight wallet. I think its UI is superior to Blockchain.info anyway.

I never used Coinbase, but i heard from a lot of people and read somewhere that they don't give access to private keys which means you cannot import your wallet to any other wallet through your private keys so if you lose access to the site, your coins are gone. So i recommend using blockchain as you can import addresses their and you will have private keys for those wallets as well.

You can export private key from Blockchain.info if you have imported your private key to blockchain.info address before. Keep in mind you can't check private key from default address provided by Blockchain.info, so if you don't have imported address on your account you can't see the private key.

Because my address came from vanitygen and I have imported my private key to Blockchain.info I can check them every time.

I used coinbase a long time, because it ran proper, transactions worked very fast and coinbase didn't demand transactions fees, so they paid the fees. Now I use wallets, that support im- and exporting private keys and that allow own adjusting of transfer fees.

I've used 2 web wallets, and I think they're good. But now, with XAPO's 2FA security feature we have to install apps on Google Playstore, making me prefer Xapo over coinbase.

I think Coinbase is decent for the very casual user, that's not really into the tech side of Bitcoin.  It's very easy to use and you don't need to worry about private keys.  Some people don't even know what that is.

I initially stored coins in there, until they went down repeatedly and eventually transferred out to wallets where I have my own private key, esp for the hard fork.

Just a little advice for those using Coinbase. Check again the list of countries allowed to use their service. Recently there are some countries that have been removed from their list, and they are closing the accounts of people from those countries. And this, without any warning or news, whatever. And so far, it's really hard to get your coins back, as their horrible customers support needs at least 1 week to reply to you. Better safe than sorry, be sure to check the list

I think blockchain is better than coinbase, this is because the security features blockchain.info more complete and diverse than coinbase, and from the side of blockchain delivery costs are cheaper than coinbase. So, I use blockchain.info.

You don't get me at all, please read again my reply so you can understand it better before you questioned it.
It's said that you "can't get your private key directly from blockchain.info's wallet but there's a way to export those private keys using your seed.

I'm not familiar with that thanks for sharing. However, I totally give up using blockchain.info because I thought I can't get the private key directly from them. Will check out that one later.


Exactly. This should be a rather simple method to used. And don't put all your funds in a exchange because we already know that hackers are really targeting it now because of the money involved. Just put enough funds their for your trading purpose and transfer it to a more secure wallet that you have total control of the private keys.

What do you mean that you can only recover and you can backup the private key.. i just searching on the web but i saw that there is a method that you can export private key from blockchain that you can recover in other wallet..
look at this github
https://github.com/OmniLayer/omniwallet/wiki/Exporting-Private-Key-from-Blockchain.info-and-Importing-to-Omniwallet.org
I think you can be still export the private key..

Just a correction you can't get your private key directly from blockchain.info, only the recovery phrase, but there's a way to get those private keys using the seed.
And I bet they only choose coinbase for buy and sell, not for storing funds in a long run but if they do then they completely don't know how to secure their coins.

I dont know why some people do choose coinbase rather on blockchain? They are just seeing on the feature that you can able to buy and sell bitcoin on coinbase and yes its possible since its an exchange which  blockchain is just really a pure web wallet but in terms of security i will really go for blockchain.info (hands down) incase they stop operate you can still have access on your bitcoin since you do have the private key.

It is clear blockchain.info is the best and more secure than coinbase, as long as i use bitcoin i only some times use coinbase and i already not used coinbase again before accusation scam to the coinbase is crowded discussed.

After reading some pages I consider to switch a little balance in coinbase to blockchain.info, I want to know if private key in blockchain can we control 100%?

You are wrong!

Blockchain.info - you have access to private key.
Coinbase normal wallet/vault - you don't have access to private key, plus 48 hours delay for each transaction.
Coinbase multisig vault - you have access to your private key, plus 48 hours delay. You can also create and sign a transaction using tools such as coinb.in, but it is insecure, unsafe and complicated or hard for users without much knowledge on using them.


You can set custom fee in Blockchain.info and AFAIK, you can't set custom fee in Coinbase. Correct me if I am wrong!

When I compare all pros and cons, Blockchain.info is better. Vault is also not much better. If you are just looking for a multisig wallet, there are better services/software out there. There are, however, advantage in using Coinbase if you are a frequent trader or if you send off-chain transactions.

Edit: I don't understand how you got "low" transaction fee in Coinbase.

In terms of Web wallet, I'd rather to use blockchain at least they have 2FA feature and keep updating their system to make their system and security better. Also on Blockchain you not need to be afraid for getting blocked because illegal activities while Coinbase could blocked your account for that.

For sell/buy Bitcoin, we have local exchange in here so I don't need Coinbase .

I think coinbase is better than blockchain, this is because the coinbase there is have vault feature so suited to save a huge amount. In addition, the transaction fee is smaller than blockchain. So, I recommend to use coinbase.

I agree with you about Coinbase.  They've gone down with no explanation several times, usually when there is market volatility (when you'd most want access to your cryptos).  That's unacceptable even for a bank.

There are lots of other alternatives for wallets other than these two, and they're free so try out different wallets and see what you like, that fits your needs.

Same case here. Relation of Coinbase with me more than 3 years. I would remember that Coinbase is my first wallet which through getting started with Bitcoin, until now use it without facing any little problem. And obviously love to tak their service.

Well blockchain offers an wallet just for btc . Also i had some problems with blockchain , for example i wanted to access my funds from my mobile and after i logg in with my 4 digits pass code , i cant see my funds in my wallet . I sent an email i was very afraid at that time cuz i had lots of bitcoins in my wallet . And they apologized for their bugs
Also another issue was when they put low mining fees . I waited 12 days my transaction to be confirmed on blockchain

So i recommend you coinbase , when you create an account automatically gives btc wallet , ltc and etn
Also you can withdraw any time from coinbase to a credit card .

2fa also can apply to coinbase.
I use coinbase more than a year, sometimes I opened at PC and via Android, everything is okay and never got problem. In a just​ few minutes ago I was sent 0.27 btc and fees only 85k but only 10 minutes got 3 confirmation.

Coinbase is shit now, a garbage wallet, if you notice then should know that site always down when pump or dump. May be over population or another reason. Blockchain good rather then Coinbase.

i suggest you use blockchain.info wallet , i use it many years and no problem . do not forget to set your

2FA and back up wallet

That was a good thing that you can get in blockchain than coinbase.. coinbase is always having issue unlike before but this year i seen a lot of issue better to don't use coinbase if you are using a big amount of bitcoin.. it is only good for small transaction and they are not the same before that you can send bitcoin without fee..

Coinbase is having issues too, they are going offline many times in the past days/weeks and I wouldn't recommend to use coinbase because in case you need to make a fast transaction then you will have to wait them to go back online, sometimes the mobile app works better than the website but still you are depended from them, and the tx fees are higher than any other wallet.

You could still recover your blockchain wallet if you have the private key and import that to a different wallet. Another difference between these two is that with a coinbase wallet you don't have access to your funds because you can't get the private keys.

I would go for the one that I liked the most which is Blockchain.info, I've tried to use and store some of my coin on blockchain wallet before and I can say it is much better in terms of the security and safety of my bitcoin and although I also have an account in coinbase I didn't tried it due to some issues and negative feedbacks about their service . I also don't want the idea of Identity Verification as I am not sure if their service is legally registered here in my country .

Would it not be best to store it in an offline wallet until you need to use it? I read coinbase locks up your account without warnings so that's a huge risk.

To me coinbase is better than blockchain because you can sell bitcoin and withdraw the money to your bank account.

For me there are reasons for both of them that if you will like to join a wallet which will not interfere in any of your transaction then you have to use blockchain because in that wallet you are your own bank and your own boss while in coinbase there will be a number of restrictions.

And the problem in blockchain is that if you lost your password then it is unable to recover your wallet while coinbase account is easily recoverable if you lost your password to your wallet account.

I agree. The main point I prefer BlockChain it's because it's really decentralized and don't follow any terms and conditions system like Coinbase (Poloniex follows the same way). Both can be "vulnerable" online storage services, but if we need to choose one of them, at least let's make sure we are choosing the best one.

Blockchain wallet is better than coinbase and if you are looking for good multicoin wallet where you can hold multiple coins like ETH, ETC, LTC and many more than Jaxx can be good alternative for you. Coinbase is just shit because of their hidden terms and condition and downtime during dump and pump.

Due to experience lots of excuses from coinbase i think coinbase is the best choice if you really want to use a good online wallet..
These past few weeks or months we are experience of unavailable in coinbase that is really annoying every month or every week we are seeing this issue about the wallet every time we are seen the price is increase sooner coinbase will unavailable reason they are updating the theme of the wallet or fixing the atm issue or any issue that they can be a reason..
Unlike blockchain that if they are experience of issue sooner they can solve the issue. .

If we're talking about web wallet, Blockchain is still the best for users. Set your own fee and 2FA are the good feature from Blockchain but the cons is blockchain removed multiple address to send which is very sad to see.

Coinbase sometimes could froze your account, if they found any suspicious activities in your account so be aware with it.

I would prefer to use blockchain.info wallet to coinbase dispite being a bitcoin only wallet. Coinbase might have the edge for users trading one of its supported cryptocurrencies  but the only downside of coinbase are some of its many restrictions which might put off people as the would avoid their funds being withheld

Do you mean to say with ".info" and I personally will choose blockchain.info I've using it for times and I tried to use xapo and coinbase. But I'm not satisfied with their service so I want to come back and use blockchain.info the only disadvantage on it, is btc is the only wallet they are providing.

Both are equally bad. One side where blockchain wallets get hacked easily, coinbase blocks wallets until required proof is not submitted. It's risky to use both while xapo is better in that case as their support does respond and they don't block accounts without any reason like coinbase. Blockchain, with 2FA, also can be bad as sometimes the users aren't able to access their wallets even with a valid code.

I'd chose Blockchain.info between those two. Coinbase allows you to send offf-chain transactions but they don't give you the access to your funds you need to trust them, do a google search of MTGOX, CRYPTSY and there are more cases where exchanges failed to secure the coins. Bitcoin is made to be decentralized, not centralized like coinbase does, you need even to provide your information to coinbase but in general you don't need to give out any information to anyone to be able to use bitcoin and other cryptocurrencies.

Blockchain.info on the other hand keep everything encrypted so that only you have the access with your password and ID to your funds. Please backup your seed as they give you an option for that, with that seed you are able to recover your funds if for some reason blockchain.info stop to provide their service.

Understand that you don't have to register anywhere to be able to use bitcoin. I'd suggest that you go and search on youtube how does bitcoin work, there are really great and well informative videos about this topic. Best would be in case you can to only keep the private keys within your device for extra security, once you understand what is a cold storage and what are paper wallets you might move there in case that you just want to hold your coins for a long term.

You're absolutely right. If placed against coinbase.com, blockchain takes the lead in terms of security. However, that isn't to say that blockchain doesn't have its own issues. Also, coinbase is discriminatory with its services as some countries are banned from using its services even after registering on its network.

Both wallets do have its own disadvantage and advantage among another.When you do really prefer on using other coins than bitcoin then coinbase would really suits your needs but if you are just making transaction with bitcoin i will go surely on blockchain since i can able to know my private keys which you cant do on coinbase and also coinbase have the possibility of getting blocked when you violate their tos which you cant see on blockchain.

I don't really know where they found this words that blockchain wallet is the most recommended while there are so many complains about them
Blockchain wallet become popular because they worn the name of blockchain network, and most newbies in bitcoin use this wallet without thinking the risks when they use this. I'm not saying that blockchain wallet is bad or worst wallet but I just recommend that don't store huge funds on this kind of wallet which is web wallets/accounts including coinbase. I will stay still on Mycelium.

Blockchain.info cannot be considered the best wallet as it is the reason of many bitcoin newbies' transactions misery as well as its huge set of bugs and glitches. And since Coinbase is not safe because you don't hold your private keys (= you don't hold your funds), best bet is Electrum or Bitcoin Core (if you are willing to download 145 GB of data!).

I think if you want to control your own private key you choose blockchain so that you have a backup of your bitcoin wallet address.. unlike coinbase that you don't have any tools to backup you private key.
and coinbase right now are always having issue and always unavailable so be careful of choosing of web wallet its still not safe than using a desktop wallet or a hardware wallet..

Store your bitcoins in an desktop or offline wallet (recommended) and then transfer it to exchange which act as a third party when you want to buy something on the internet. Only do that when you want to do it. Explore exchanges where they are partners with some of the merchants or have some feature to use your bitcoin to buy a specific thing.


They are both online wallet so same risk associated when they become offline.

Don't believe that there is the best wallet to both Coinbase and Blockchain unless you have your own definition of the word best. I just want to asked you a question first, what is your purpose and goal? What I mean, why you are choosing those two? As a wallet? As to use their feature?

Blockchain is a pure web wallet while Coinbase is an exchange where you can use your fiat to buy bitcoin there while at the same time selling your bitcoins into fiat. Risk associated them are they are both web exchanges so if ever they shutdown, say goodbye to your coins.

Blockchain is a better wallet in my opinion because you have the ability to sign messages when needed and you can import and export keys to another wallet with ease and there are fewer restrictions with the wallet as compared to Coinbase.

Yes! That makes sense, even they offer Coinbase user to user completely free transaction. But the coinbase is completely third party wallet, they always high risk involved, but other case blockchain like more secure than Coinbase. Moreover, Both are online wallet, that don't good further uses.

That suggestion is absolutely suicidal.  You're both insane.

Blockchain.info gives you access to your keys, but the actual process of using their wallet is terrible.  They leave gaping holes in their software for months on end, like when you couldn't set your fees in satoshi/byte and they set your fees to 100-120 satoshi/byte all the time.

Coinbase is even worse because they're an exchange, and holding your coins there relies on trust.  No Bitcoin wallet should ever rely on trust - you need to be using proper wallets.  If you don't want the inconvenience of running a full node then just use Electrum or something.  It's really not hard.

Blockchain wallet is a bit buggy and only supports bitcoin, no alts, but as a wallet I would prefer blockchain over Coinbase because you can be sure that your account would not get blocked or banned with funds. In terms of security also, blockchain is good.

But apart from being a wallet Coinbase have buy/sell option and their merchant services are popular so people who prefer these would use Coinbase. But as a bitcoin wallet blockchain is better.

Blockchain is best compared to these two sites because I don't like to keep my money in any exchange sites. We don't know when they will close the site or block accounts for some reasons. Earlier some exchanges were offering no fee facilities to send coins so I was using xapo for regular transactions but never stored my coins in those sites.

Blockchain is one of the most highly recommend wallet and many will suggest you to opt for that. While coinbase.com is a exchange and though you can store your coins, they do not provide you your keys, so that's the only issue with coinbase.com however I recently saw they started their vault thing, not used that as it requires me to verify my identity, over all use of coinbase.com is simple but with Aug 1st looming many of us will have to switch away, even if we don't like it.

Hello guys! which site is the best for using bitcoin. But i have account in two sites. But i don't know which site is the best. which site you like most. But most time i think Coinbase is the best. Because it has three coins of addresses. Such as Bitcoin, Ethereum and litecoin.