Bitcoin Forum

Hello Everyone, we know that Bitcoin is king of Cryptocurrency World. It is a Best Profitable Coin of crypto world, and We Bitcoins Starting price and Running Price. So on this time many people has Intrested for Bitcoin Invest. Can you tell me that which Online wallet is best for Bitcoin holding or Receiving?  Coinbase or Blockchain? I am Very confused with this Two online wallet. 

Are you talking about Blockchain.com? Damn that got me confused at first. If the choices were limited to the two, then Coinbase. It offers a lot more ways to buy/sell/withdraw BTC. AFAIK, Blockchain only offers transactions through crypto, so coinbase is a lot easier for beginners. But, if you're just going to receive/hodl Bitcoin, feel free to use Blockchain.

If the options weren't limited to the two, I'd mention hardware wallets. It's one of the most secure ways to store your cryptocurrency, though you receiving more Bitcoin may prove to be a hassle, it at least provides guaranteed safety from online attacks.

Best, it is hard to say which one is the best bitcoin wallet. Each person has different need on wallet usecase so their best wallet will be different.

There are some good candidates for best bitcoin wallets:
- Bitcoin Core (https://bitcoin.org/en/download)
- Electrum (https://electrum.org/#download)
- TUTORIAL: How to use Electrum (for beginners) (https://bitcointalk.org/index.php?topic=3456040.0)
- TUTORIAL: How to use Electrum (for advanced users) (https://bitcointalk.org/index.php?topic=3774520.0)
- [General] Bitcoin Wallets - Which, what, why? (https://bitcointalk.org/index.php?topic=1631151.0)

The best bitcoin online wallet is, well, not an online wallet. There's just so much risks with holding funds on online wallets that it really isn't worth it.

If you only have like $50 in bitcoin though, go ahead, the Blockchain.com wallet should be fine if you won't lose sleep if it so happens that you lose your funds. If you own a good amount of money on bitcoin though, definitely go for a reputable hardware wallet like the Ledger or Trezor.

For me the best bitcoin wallet is any hardware wallet, you shouldnuse any online wallet if you are finding for security and safety of your money. Hardware wallet is a very great eallet to use because it is not prone from attacks because there is no way for havkers to access your account once you are using a hardware wallet. Online waallet is prone from atracks because it uses internet.

I wouldn't exchange security for convenience, but hey.. I'm not you. Maybe you have little amounts of btc and you don't care about them so much, yet I don't see why you wouldn't use a more secure wallet like a mobile one. I think that bitcoin website has a good list of wallets with their features: bitcoin. org

Do not entrust your precious holdings to a third-party that is not covered by a financial authority.

Esentially: paper or hardware wallet for maximum security, mobile or pc wallet for decent security and a good rate of convenience and web wallets are for newbies who don't know how to operate on a software wallet - which is IMO a silly excuse.

As most of them have mentioned Online/web wallets are not safe to hold bigger funds so at least consider using a mobile/desktop wallet if you are not planning to buy a hardware wallet. When choosing a Wallet, it always better to choose a non-custodial wallet rather than custodial wallets where a third party controls your funds. For good Bitcoin wallets, check here - https://bitcoin.org/en/choose-your-wallet

In able to store your bitcoin, you need a bitcoin wallet. Sometimes storing in bitcoin wallets are unsafe because of some hackers. That is why many people are also using hardware wallet. It is more safe for them to use because it does not use an internet so its hard to be hacked. The only reason why online wallet is being hacked is because it uses an internent connection.

Many investors are just using hardware wallet for their coins. Through hardware wallet they are able to make trasactions offline, it do not requires security that gives risk for online exchanges and transactions.

In a hardware wallet, the private informations are being stored in a secured hardware device. It is one special type of wallet. A hardware wallet has many more advantages aside form it is hard to be hacked and impossible to lose your money.

I will personally advise you to have hardware wallet like Trezor, Ledger, Keepkey for storing Bitcoin. Online wallet is not good choice to store bitcoin for long term holding. There is a slogan: "your keys, your Bitcoin. Not your keys, not your Bitcoin". If you want to buy or sell bitcoin only use exchange online wallet. Coinbase has high fee, you can try other exchange site for lower fee.

Is there no way to change your mind with options?

There is a lot out there and if you want to keep it for a long time then I propose a wallet that is not an online base or just a website.
Something which you will need installation and you could do it offline to increase security.
That way, you could also say you really own that bitcoin and not just a number which you see in an exchange.

They have given you choices above me.
But I do prefer Electrum which in my view is user-friendly.
Been using it for a long time and got no problem at all.

It depends on what you're using Bitcoin for. If you're a trader I'd suggest Binance for you; considering the fact that it has the lowest transaction fee. Couple with the fact that you can withdraw Up to 2 Bitcoins per day without KYC.

If you're buying for a long-term usage like holding and withdrawing bit by bit I'd suggest you store them in a hardware wallets to be on a safer side.

Don't ever store on an exchange wallet even though how trusted it was, there is still risk that they might runaway or announce bankruptcy if ever some major security breach happened to them, No one knows what will gonna happened in the future. The greatest example on this one was the Mt.Gox exchange which is the most trusted exchange during there time and until now, they never refund the assets of there user even though the owner is in the jail.

Hardware wallet is still the best for holding bitcoin in the long term if the user are holding for there savings in the future.

Select Bitcoin wallets that are open-sourced, when I started to own Bitcoin before, I tried Coinomi wallet (https://www.coinomi.com/en/).
This cryptocurrency is good for any cryptocurrency, especially Bitcoin.
Speaking of blockchain.info or coinbase, you can avoid that kind of wallet since you don't own your private keys there. So, coinbase or blockchain.info still got your bitcoins, you are trusting your bitcoins to them.

Having support for Bench32 addresses is one of things to consider: https://en.bitcoin.it/wiki/Bech32_adoption.

Best bitcoin wallets don't let users get troubles without Bench32 adoption.  :D

There is no one answer in my opinion. It depends on what you want to do with your bitcoin.

Regular transfers
If you want to receive and send Bitcoin regularly, Electrum (https://electrum.org/#home) wallet is definitely recommended.

Cold Wallet
If you want to store Bitcoin on a long-term basis, I would rely on a hardware wallet. Trezor (https://trezor.io/) or Ledger (https://www.ledger.com/) are highly recommended.

Mobile
If you are looking for a mobile wallet, then BRD (https://brd.com/) wallet is recommended.


Under no circumstances I would rely on online wallets and paper wallets.

I suggest you search first before creating a new thread. Literally dozens of discussion has been made around this topic. Saves you some time and most of the time you'll see the same answer. Coinbase is more like an exchange btw, don't use them as your main wallet. Blockchain on the other hand is buggy.

Holding for long isn't suitable for online wallets and exchanges like those that you have mentioned. There were incidents that happened in the past for custodial wallets and exchanges so that doesn't a good decision if you ever want to keep your bitcoins on those wallets. And blockchain.com wallet is very known for bugs.

You don't control your funds there because they are the ones that have the control.

As they suggest, electrum, ledger or trezor are the best choices.

When someone asks a question like this after a year on a crypto forum then I can only comment that someone has a big problem.

But let's go back to the question already asked a thousand times, but maybe expand it to the general question "which crypto wallet is the best"? In some cases, those users who keep their crypto on online wallets (who have a solid reputation) may be safer than those who do the same thing with desktop/mobile /hardware wallets. Here again, we can draw a parallel between how much these users even perceive phishing as one of the most common ways to hack online wallets compared to understanding the fact that the seed or private key we get through a hardware/desktop wallet is not something to scatter around.

The perception is still on the side that online wallets are insecure due to the fact that the user does not have absolute control over their funds which is really true, but I think that top crypto exchanges have raised the level of security to such an extent that most user funds are in cold storage ( Coinbase - 98%).

Yet as secure as they are in any respect, online storage is the complete opposite of the decentralization that has resulted from the idea of creating Bitcoin. If our crypto banks come under the control of most of the BTC, then we may end up in a situation where any government freezes those same funds under any pretext.

The conclusion is very simple, if you are not ready to be your own bank, don’t even use Bitcoin.

Actually you aren't only asking to choose best online wallet but also you are risking your funds as well. Because to holding funds online wallet isn't suggested with any cost. Its prevent the main goal of bitcoin like financial freedom like they would ask KYC. There is a popular sentence, "Your private key, your Bitcoin" and fortunately any online or web wallet will never give you access of private keys. Anytime they would able to block your account. If really you want to be your own bank then you should choose a non-custodial wallet. Better option is you may buy Hardware wallet if you can afford. Otherwise I will suggest for SPV wallet like Electrum if you are unable to download full node for bitcoin core.

Whatever you choose wallet don't forget to write and save your seed to multiple place to recover your fund in case your if lost or damage your device.

What you asked for wasn't a hardware wallet type but a web wallet and this is not appropriate because many have regretted their actions of using this types of wallets. For the safety of your coins and tokens you should store up your assets on the hardware wallet. But for your demands purpose, I will recommend this bitcoin wallet which is far different from those without security: Mycelium Bitcoin Wallet. Please ensure you play safe with your assets on wallets.

You should've asked how to store BTCs effectively, and secured instead of leavin' as an options which in fact we wouldn't recommend in the first place. So yeah, better use coldstorage wallets rather than these online wallets you mentioned  :P.

In case you don't have spare money to buy yourself coldstorage wallets you could use.

• Electrum - as mentioned above

One more thing, if you have spare phone (note: you're no longer using) you could also set it up as your coldstorage wallet   ;).

• Guide one (https://steemit.com/bitcoin/@anarcrypt/how-to-set-up-a-smartphone-for-cold-storage)
• Guide two (https://bitcointalk.org/index.php?topic=5237614.msg54149363#msg54149363)

Meaning to say, it is better thing to have your own control with your private keys, since you're just holding. So that you'll be able to avoid unfavorable circumstances not unless you just leave such important stuff else where or deliberately give it to suspicious person or someone you don't know about.  :-\

Neither of the two is the best. The best one to get when it comes to just hodling Bitcoin would be no doubt Hardware wallets. You can see it just based on how much people are actually recommending it instead of the two choices you gave out. Since you're mostly just recieving/holding Bitcoin, you might as well get a Hardware wallet. It's a lot safer in the long term and this way, you can't blame the exchange when they get hacked. Still, if you have no choice and don't really have a chance to use a hardware wallet, within the two choices you gave out, use Blockchain.com. As long as you don't regret anything by storing it there though.

You can make use of search query to find similar question and answer that have been posted before. There are two types of wallet. Decentralized and centralized wallet. The formal allow you to have access to ur private key by latter does not. Both wallet you mentioned are centralized. Meaning they are the same. If you want wallet that can store many coin, I will advice you used trust wallet

It's hard to choose between these two wallets. IMO if you are newbie in crypto market and want to invest a small amount of money, then I prefer for you the Coinbase, because it is easy to use and it has too many ways to buy, sell or withdraw. it's more helpful for newbie. you may know that there is "0" transection fees if you send crypto from your Coinbase account to another Coinbase via email. if you send crypto via email then you don't have to wait for blockchain confirmations, receiver will find the crypto immediately.
but if you have long-term plans with Bitcoin and want to hold your crypto for several months or years then I suggest to use any hardware wallet like Trezor/Ledger. because it's safer than online wallets.

Always it is advised that you should always use decentralized wallets for storing your bitcoins as they give you full control of your bitcoins and you can never loose your funds if you save your seed with precautions you can always recover your wallet. The above mentioned wallets are both online wallets and are less secured as compared to electrum or bitcoin core wallet. If you want to store your coins on your PC then you should use these 2 wallets, but on smartphone you can always choose to use bitcoin wallet which is official one or the one by bitcoin.com.

There are are lot of cons attached to the use of online simply because of hacking. If you are the type that uses a PC, you may receive phishing attempts and get your funds stolen if you fall for one. That's why you need to loon for better options, even if large funds isn't involved.

Many users under this thread already recommend good wallets like Electrum. I will recommend getting an hardware wallet too. Ledger hardware wallet  (https://www.ledger.com/)is a good option.

there is no such thing as official bitcoin wallet since bitcoin has no owner or company to release an "official" wallet.
additionally you must stay away from bitcoin.com and any product they give you. it is run by scammers and it has been scamming people for a long time, specially the newcomers. their wallets are also malicious.

Because of easy to use and no complexity, I normally use Coinbase wallet.Its very good for daily use.And you can buy Eth,Btc Ltc etc using bank in Coinbase.
But Blockchain wallet is also good online wallet but i prefer coinbase.Because I find blockchain wallet a little bit complex.

Lastly online wallet are very easy to hack for hackers.So if you have a money enough to buy hardcore wallet like trezor,then you should use it.     

I'd classify them this way:

Hardware wallets (if you can afford them)
Core wallet (if you can spare the HDD space)
Electrum (if none of the above)

I have few lists of bitcoin wallets.

1. The bitcoin core wallet, this wallet can be difficult to use though because it is non-determistic, which means one address one private key, so, it needs regular backup, but it is one of the best.

2. Electrum wallet- the best bitcoin wallet
3. Coinomi
4. Atomic
5. Exodus- computer most sophisticated wallet
6. Mycelium and few others.

But that said, the safest bitcoin wallets are paper and hardware wallets, for convenience, hardware wallets are preferable. Best hardware wallets are:
1. Larger nano
2. Trezor
3. Keepkey.

The wallets are safe but if not properly handled then no wallet is safe.

Frankly, the offline wallets are the most secure, but if you want to use an internet wallet, Blockchain wallet is the best and I have used this wallet for a long period of time it is a very safe and reliable wallet and has a strong security system in addition to the withdrawal fees are low and the way to work Inside it is easy and simple

I'm not going to repeat what have been said already as to why you should not use an online wallets. But in case you insist to use one then which one is best depends on what you are going to use it for.
If you are going to use it to only receive and send bitcoins then you should go with blockchain.com as it has user friendly UI and allow you to customize withdrawal fees.
If, aside from receiving and sending, you plan to buy coins with CC, fiat, link your bank account or want to exchange bitcoin for other cryptos then coinbase is what you should use.

Coinbase is an exchange site just like Binance and they are never a wallet service provider but both are still good exchange.

Blockchain wallet is good but there was several situation where it users wallet are hacked but that is also applicable to every other web wallet because they are the most vulnerable wallet.

I think with $50 or $60 he can still get ledger nano hardware wallet but you need to make sure the site where you order for the wallet is genuine one.

I do not think you will reach a right answer because there are many things you have to consider before making a statement.

Do you have a small investment ? Or a considerably large one ?

For big investments ofcourse without doubt you need to use a hardware wallet or a paper wallet .

For small investments you then need to state your country
. Then one need to see if the wallet does provide exchange services, does it need KYC or not ? Is it credible , how are the reviews?

One cannot just ask this question straight away .

I would like you to suggest Samourai for the time being if you have not yet considered getting a real wallet , then I do think you can then look for more options in your country. Check the things in the local board.

Mobile wallets now a days do provide even exchange services. I do think that is best for timely trading and investments.

But never store your BTC in an online wallet .