Bitcoin Forum

In some (http://"http://techcrunch.com/2014/02/17/aiming-to-be-the-coinbase-of-europe-swedens-safello-raises-investment-cash/") articles (http://"http://www.coindesk.com/safello-introduces-europe-wide-bitcoin-trading/") Safello is described as a "CoinBase for Europe", but it's far away from the truth, at least in my opinion. First let's describe the features of each service, let's start with CoinBase.

This is what CoinBase have to offer:

- A secure online wallet to allow anyone worldwide store, receive and send BTCBitcoin. More info about security here: https://coinbase.com/security (https://coinbase.com/security)
- For holding large amounts they created a new service called 'Vault': https://coinbase.com/vault
- Free fees off-the blockchain trasactions between CoinBase users.
- When sending an amount equal or larger than BTC0.001 (1mBTC) they pay the miner fees.
- (For US-Residents only) BTC/USD trading.

So as you can see, CoinBase isn't just a wallet or an exchange, is much more.

What have Safello to offer:
- (For Europe Only) Bitcoin instant purchase via SOFORT banking
- (For Europe Only) BTC/EUR (And other currencies used within the European Economical Area) trading.

So basically, they are just an exchange, the only thing that make them different from BTC-e (http://"https://btc-e.com") is that they support SOFORT which is not supported yet on BTC-e. And their service is only available for Europe.

I din't know saffello I will take a look
Coinbase is well established in the bitcoin world but most of its features are for US residents

Coinbase still works well for me despite being currently in the EU. It would be nice to have an established site like it for Spain where I am, but that is asking way too much!

Coinbase is really doing a good job imo.
And if i need BTC i just use easier instant pay-and-receive digitial payment ways like bitonic.nl (dutch site)

I really have no need for Safello, Coinbase is a great website I trust with about 60% of my BTC.

Trust? Why? You have nothing to gain and only stand to lose. Coinbase has nothing to gain by holding your coins either...except people might not buy through them if they can't get free bitcoin storage...

Function also to be fair of the quantum of funds raised by the two Companies
Coinbase has raised a ton of VC $. What has Safello raised?

Coinbase has way more clarity and popularity than safello in terms of security options. 8) 8)

CoinBase have so much better security in their servers than what you can get by your own on your home computer. I trust in them the 100% of my BTC, not joking (however the amount that I hold is very small).


Have you read my post completely? The only feature that is for US-Residents is the purchase and sell of BTC, anyone can use their services to store, receive and send BTC.

How they face the misuse of this offer, like using coinbase for receiving faucet dust and joining the dust at coinbase expense?

What is Saffelo :D...Seems to be quite small when compared with CoinBase..

And like others said, Coinbase and great security..

I don't get where is the problem there, CoinBase has its benefits from the BTC/USD exchange, so I suppose those benefits are enough to pay the miner fees. Actually I use coinbase to receive faucets dust that I'm collecting, and I made a purchase of 1 Humble Bundle with $1 worth of this dust.

It would be nice if safello could be more open and post its fees. This is why coinbase wins hands down to me as they are more open and have more features.

If that's good for European country's then people residing their should be considering it in first place. However, if that's the core limitation then it's none of use for rest of the world which actually form the mist of the crypto investors and wallet users. This service might just loose most of the customer base there only.

Coinbase on the other hand has covered up all the world and anyone can use it from any country. The only thing coinbase lags is it doesn't allow country's in Asia to buy and sell the bitcoin, ether, litecoin directly from the cards or services similar to that. Otherwise considering the overall facts I prefer coinbase always.

I still stay with coinbase than safello because i never heard that wallet.. So for safety stay in coinbase since i already experience of using their service.. everytime i experience of bugs they can solve not fast but they can solve the issue every time i experience of issue..
The good thing in coinbase you can also store your litecoin and ethereum  and connect to our main web wallet here in my country..