Newbie Question

[Pursuer]

stop using blockchain.info if you have large amount of bitcoin and don't want to risk losing them.
my friend lost his bitcoin on blockchain.info wallet, granted it was his own fault but still he could've avoided that if he used an offline wallet,

[lorylore]

I have seen many wallets that you can use only if you put the usb to the pc, login and transfer.
I personally use coinbase. Good to start but not safe as others. Your bitcoins are hold by someone else.

I do not recommend coinbase at all. Best way is to use Trezor or Paper wallet.

Why do you not recommend coinbase?

You don't control your private keys on Coinbase, they also track where you spend your coins.

and add to that, that they will report any income that has the right to be reported to IRS, so if you're a america citizen, ironically it is better to use another exchange

also they are very slow, i heard about 5 business day for transfering money to your bank account,. or for deposit..

To keep it short and simple: "You dont control your bitcoins" - they are on someone's else hands.
I am not using coinbase to tranfer deposit from/to bank.

[jeroenn13]

I have seen many wallets that you can use only if you put the usb to the pc, login and transfer.
I personally use coinbase. Good to start but not safe as others. Your bitcoins are hold by someone else.

I do not recommend coinbase at all. Best way is to use Trezor or Paper wallet.

Why do you not recommend coinbase?

Coinbase is under heavy regulation, they have limits on each account just like PayPal.

[gentlemand]

Coinbase is under heavy regulation, they have limits on each account just like PayPal.

Isn't all of their bizarro behaviour self imposed? I would've thought they were so anxious to keep The Man off their back they'll be preempting any possible issues by being ultra twitchy.

[lorylore]

I have seen many wallets that you can use only if you put the usb to the pc, login and transfer.
I personally use coinbase. Good to start but not safe as others. Your bitcoins are hold by someone else.

I do not recommend coinbase at all. Best way is to use Trezor or Paper wallet.

Why do you not recommend coinbase?

Coinbase is under heavy regulation, they have limits on each account just like PayPal.

Why i am using it is the fact that is so easy. It's much easier than with all the hardware stuff managing the bitcoins.
But yes there are some limits of course.

[Slark]

I'm still very confused about Bitcoin. Now, I opened a wallet from blockchain, ok? And you know, I have the identifier, pass, mnemonic info and etc...

Do I need to something extra? I mean, isn't this enough? Why people are using other wallets?

If you want full proof wallet I will suggest wallet with full validation (you need to download whole blockchain, for now it is more than 40GB and growing).
As recent news shows there can be something called 'split' when some blocks can be invalid and it happen  that Bitcoin Core 0.10.x or 0.9.5 are immune to this issue.
With online or simplified validation wallets you can never be sure.

[Bitdonator]

If you hold yourbitcoins in an online wallet it could be hacked if you have a poor password. If you have your bitcoins in a wallet on your computer, it is much safer. So i would suggest to download a wallet and put ur coins at an offline wallet.