Bitcoin Forum

Hi,

I feel confused about these two types of web wallet. I really do not know what kind should I use to store my Bitcoin. I do not understand many of the

issues related to technical of Bitcoin as well as the features of the two types that wallet. I hope you do have experience as well as a good

understanding of the two kind of these wallet for making comments about them to help me be able to choose the kind of better.

I sincerely thank you very much for your help all.

If you just need a hyper secure wallet, then blockchain.info provides it. It's the service most Bitcoin businesses use. If you need more than a secure wallet, then Coinbase will provide you additional features such as buying/selling bitcoins (at a cost)

blockchain provides more secure wallet than coinbase, i personally use both wallet but i think blockchain is more secure and has strong security features for online wallet.

If you only wish to store your bitcoin then blockchain is it. Coinbase is better if you wish to trade them for fiat too and Coinbase wont allow a transaction with gambling sites. So if you do some gambling, dont use coinbase. But the most safe wallet is of course a desktop wallet

Oh, First of all, I sincere thanks for your help both !

I am using both, It took me time to manage.And because I have no much Bitcoin. Sometimes, in order to have enough money to pay for a deal. I have

to log on and then merge them both back. It made me lose more money (fee) and time.

But as both of you have said above, it really is kind of safer ?

Sincerely thanks again !

Sincere thanks for your help ! shulio

I'm really confused about it. Coinbase or Blockchain ? I have both types of account. I sometimes have gambling, but I rarely. So I do not worry about

it. I know the money transfer is very fast in blockchain and coinbase is quite a bit slower but I really do not know which safer ?

Honestly, I know Bitcoin desktop is the best. But for me, it is very difficult to use. Last year, I 've lost money because i forgot to back it up for new

addresses. And sometimes, I need cash or buy anything... Bitcoin desktop can not respond immediately (wait for sync)

I am using blockchain.info and desktop wallet at the moment. Desktop wallet as hot wallet and blockchain as web wallet. This is working quite fine and perfectly for me. I didn't use coinbase yet so I can not say any single word about that. You can try my method if you think this can help you.

I would honestly suggest using neither - there is a much higher probability of you being hacked and your coins stolen. Using a desktop client is best - if you can't remember to backup your data - then my advice is to suggest you use Electrum or another deterministic wallet. It means you can back it up once, and after that it doesn't matter what future transactions you do - they'll be stored if you ever need them in future. Not to mention it doesn't need the blockchain (so you don't need to download the blockchain and keep it updated regularly).

The main difference  is that Blockchain.info provides you with a wallet and Coinbase provides you with an account.

Thanks a lot for your help ! But I don't really understand what is your method ? Please help me out about it ! You mean that you will run Bitcoin desktop during 24/24 to keep it sync ? or What you mean for red words ?
Thanks !

Coinbase have to adhere to VERY strict KYC/AML regulations and they might even suspend or cancel your account, if you use it for something, that goes against these regulations. They have the discretion to decide what services they want you to use or not.
Blockchain.info does not "Ban" accounts, based on the services you use or charge you extra fees for using it.
You could also use Circle as a 3rd alternative, but they have restraints too.  ???

I sincere thanks for your great information !. I'm really yet know anything about Electrum wallet. in addition to find "Electrum" somewhere. I did not pay attention to it. But since today, I will download it. That's is too beautiful for me.Once again, Sincerely thanks for your useful information !

P/S: I had been stolen by a malware link from someone on Poloniex trollbox. At that time, Bitcoin Core wallet is opening for sync ...

I meant to say desktop wallet (window client ) I use to keep large amounts and I also encrypted it with good password. I open desktop wallet once in the morning and second in evening keep it up to date. I transfer funds in blockchain and use it as webwallet to deal with daily stuff. My desktop wallet sysnc just in minutes as BitCoin Core0.10.0 is great wallet very fast and solid. You can keep large amounts in desktop wallet and sync once or twice daily but don't forget to make backup of your wallet.dat. If you need any help still I am available to explain with more words.

Sounds great ! and you mean a wallet is better than an account ? I really want to know more about that - the difference between a wallet and an account . An account is not as secure as a wallet ? I also had to think like that but not sure. hope you will help me make it more clear !
Sincerely thanks !

Coinbase is the worst XBT service available on many levels. My guess is that the majority of their profits actually come from selling user data to government agencies and from market manipulation (front running / strategic order cancellations). You might as well just use a bank and fiat, you'll get certainly get better customer service and it's much faster to open accounts and transfer money.

Blockchain.info is far better than Coinbase but I still would not use it except for experimenting. There are too many ways to lose your XBT on there - most notably the TOR vulnerability. 2FA as we use it today is not actually secure.

By far the best 'web wallet' is mytrezor.com - it is well worth the $120US or whatever for the hardware & data service. It's very easy to use and as far as I know the most secure option available. Use that as your bank and then find a nice mobile wallet like Mycelium or Breadwallet to store small amounts on for daily use. The Trezor device needs a higher build quality for the case (the plastic is cheap and should be replaced with wood or metal) and I hear the server has occasional downtime, but I've never experienced any problems with the server or the device.

Oh, That's great information for me too ! this is the first time i heard about that. I did not know about that before. Coinbase might have the right to suspend or cancel the account. I definitely will review this. Thanks again !
I have not yet used Circle althought I have an account of it

Oh! now, I understand  ;D . your method is very good. Previously I had done so but for the transactions related to my Bitcoin irregular sometimes do not open it because it slows my computer speed. I definitely need your help if I do not understand.
I sincerely thanks for your enthusiastic help !

Blockchain.info:

Security: Medium
Accessibility: High
User-friendly: High

Coinbase.com

Security: Poor
Accessibility: High
User-friendly: Medium

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If you want to use an online wallet, I recommend Blockchain.info. But if you want to use a secure wallet, I recommend using a PC/Mobile* wallet. You can see a list of good wallets here: https://bitcoin.org/en/choose-your-wallet

* Android is least recommended.

I am very grateful for your detailed analysis. It helped me to understand many things. Through the analysis and comparison of you here have helped me have a better view of both the wallet. But there are mixed opinions together. Some people say the Blockchain better and some people just the opposite. But most of you will choose Blockchain.
About Trezor, I 've heard a lot about how great it. But I have not used it. Because $120 is a lot for me, although I would be interested to have one of it. Hopefully, I can afford to buy it !
I sincerely thanks for your help !

I sincere thank you for making the obvious comparison like that. I appreciate it. Through the analysis and compare along with the experience and the assessment of you all here , I can draw useful lessons for me about both of web wallet.

And Mobile wallet.
Honestly, I have never used mobile wallet because I was wondering what would happen if I took the phone or it is damaged...
And PC wallet: I am using Bitcoin Core , but sometimes, I usually forget to back it up. I have lost 1.1 BTC for that althought I have still seen it in the blockchain. And @Light recommended me Electrum wallet and I will have a look in it soon.

And I have just seen your link. but I really don't know which PC wallet is better than all. It remains a wonder in me but in the framework of this thread, I haven't mentioned it yet. I may need your help in other occasions.

Once again, Sincerely thanks !

The link I gave you has comparison which will help you.

Always make a backup of your wallet. If you use only a few addresses, copy addresses and it's private key into a doc and print it. Use a safe printer when you do, preferably, printer which doesn't save what you printed in its memory. If you use an HD wallet such as Electrum, you just need to make a backup of the seed you get. You will be able to recover all the Bitcoin with that seed even if the Bitcoin was in an address you created after making a backup.

I prefer to blockchain.info, AFAIK coinbase is don't allow transaction from gambling right?
But my advice is if you want to store medium-big amounts, use desktop wallet(electrum is my recommend).

If you refer to Muuhammed Zakir post, he is quite correct. In my views, blockchain.info is wallet centric, while Coinbase is trying to build an ecosystem of its own services. You should go for blockchain.info as your hot wallet and if you want to store large amounts, I think you should consider a cold storage option.

I ain't Japanese. :P

If you are gambling, you should avoid using coinbase as they will closed your account once they noticed that you are receiving funds from gambling. There are already few people who experienced this

Yes, I sincerely thank you so much Muhammed Zakir !

I am using Bitcoin Core with lots of addresses in it. Ago, I used to leave the wallet opening. Because I traded in Bittrex , C-CEX and Poloniex so I can transfer to exchange anytime. and that's why I 've been stolen by a malware link from someone on Poloniex trollbox. I'm not sure I 've lost in the Bitcoin wallet or not, but I certainly have lost 22,400 HYPER and 42,000 HYP from that malware link. Afterthat, I took my laptop to a cumputer store to re-setting it.
When everything have been done , I download Bitcoin core again and installed it. And I discovered that wallet.dat only has two addresses in it because I did not back up the address that I generated later. So I lost my Bitcoin.
And That's why at this time, I did not dare open my wallet when online again .

Sincerely thanks for your help !

I have just finished installing Electrum wallet. I'm rarely gambling. So I do not too care about it

Hihihihi ;D Thank you both so much ! I will use blockchain as all of you here have recommended.

Yes, Surely, I will avoid using Coinbase for gambling, I only use it to receive and transfer to blockchain if I want to gamble otherwise, I will transfer all to Electrum wallet.
I think That is how I have learned from you all here.
I sincerely thanks for your advice !

alright, glad you chose blockchain.info
remember to take backups and encrypt them properly.

Yes, sure. Thanks for your enthusiastic help ! Have a great day ! ;D

In my opinion, Blockchain.info is better simply because Coinbase does not allow anyone without a US-based bank account to deposit or withdraw funds. So Coinbase is effectively useless to me!

Im using both of these wallet i never saw any technical issue with these two Sites. coinbase is really good, i know when they started a free giveaway campaign giving away app 1$ per account that you create. they are really good, with 24 hour active service. And also have very good experience with blockchain. i dont think both will ever scam somebody.
what you think will blockchain will scam someone as they are have many other things?
I also recommend you to use bit-x.

For webwallet, blockchain.info all the way.  As others have pointed out, if you don't control the private key you don't control your bitcoin.  BCI gives you control of your private keys, coinbase does not.

This is not to say you can't use coinbase to buy and sell bitcoins, but as a wallet, I'd go with blockchain.info.

Coinbase doesn't need us to connect our bank account if we use it as a wallet. You should realize the difference between wallet and exchange.