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Author Topic: Is coinbase a safe wallet  (Read 32052 times)
Vikingr
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January 28, 2017, 01:21:32 PM
 #21

From the start I often search between coinbase and blockchain and I have read a number of reviews about these two wallets and I have found a number of people who were complaining about coinbase but not found any person who have any serious issue with blockchain so I will recommend blockchain.

And those reviews about coinbase is making me start not to use them and if you are not that responsible with your profits for gambling and you mistakenly send it to your coinbase wallet directly, then your account will be frozen because they are implementing strict rules with those matters. Blockchain is also my choice I find it easy to use and more secured(I guess).
But sometimes I think that those people who do not do transactions with gambling companies will not find any problem from coinbase side. I also heard a number of people having issues with coinbase but I think that if someone read the rules before joining and follow them all then he will not face any issue from them.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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January 28, 2017, 01:25:25 PM
 #22

I think it's really just preference. If we are just speaking in terms of using an online wallet to hold/send/receive bitcoin (and nothing else), both wallets are pretty good.
Personally, I'm not fond of the newer blockchain.info user interface at all - but it's still a decent wallet.
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January 28, 2017, 01:32:29 PM
 #23

What coinbase locks accounts involved in gambling? who are they vice or something? this is rather a stupid question, anyone knowing bitcoin should also know which way is the safest way to handle money.
Electrum.
Multisig addresses.
Core wallet.
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January 28, 2017, 02:21:53 PM
 #24

I think it's really just preference. If we are just speaking in terms of using an online wallet to hold/send/receive bitcoin (and nothing else), both wallets are pretty good.
Personally, I'm not fond of the newer blockchain.info user interface at all - but it's still a decent wallet.
Choosing between coinbase and blockchain i would choose blockchain because of its new features which you could able to secure your private keys already unlike on coinbase and take note its not a purely webwallet but an exchange wallet.They do really hold or freeze account if they know that you are using it on gambling transactions.

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January 29, 2017, 12:22:22 PM
 #25

I think it's really just preference. If we are just speaking in terms of using an online wallet to hold/send/receive bitcoin (and nothing else), both wallets are pretty good.
Personally, I'm not fond of the newer blockchain.info user interface at all - but it's still a decent wallet.
Choosing between coinbase and blockchain i would choose blockchain because of its new features which you could able to secure your private keys already unlike on coinbase and take note its not a purely webwallet but an exchange wallet.They do really hold or freeze account if they know that you are using it on gambling transactions.
Well, Transfer Bitcoin by coinbase are very fast if both sender and receiver use coinbase. Because when you send the Bitcoin by email, they will instantly move to the email owner within a second. If you care about the private keys or the security, you should never use online wallet because even if they provide you they private keys, it still very hard to prevent hackers from attacking the site.





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Mkmanik
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January 29, 2017, 01:21:15 PM
 #26

No one online wallet are safe.I also asked about this in this forum.Many peoples recommended me desktop/hardware wallet. Only hardware/desktop wallet are safe and secure.But they also are unsafe, If you can't use them properly.for using desktop/hardware wallet your computer must be clean and must have not any viruses.However, I am using coinbase wallet.Its best near to me.Its safe and secure and most usefull offer is its have no transaction fees.I never found any problem with this wallet.But peoples said,coinbase are so problematic.
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January 29, 2017, 02:26:41 PM
 #27

hadware wallet is the only safe wallet
Carmen_Sandiego
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January 29, 2017, 03:05:03 PM
 #28

I see that a large number of users still use the service, so I think it would be unfair to say it is a service with no quality. But I think it's more risky to use coinbase wallet than to use some other wallet services, as there are too many users complaining about it.
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January 29, 2017, 03:16:40 PM
 #29

From the start I often search between coinbase and blockchain and I have read a number of reviews about these two wallets and I have found a number of people who were complaining about coinbase but not found any person who have any serious issue with blockchain so I will recommend blockchain.

And those reviews about coinbase is making me start not to use them and if you are not that responsible with your profits for gambling and you mistakenly send it to your coinbase wallet directly, then your account will be frozen because they are implementing strict rules with those matters. Blockchain is also my choice I find it easy to use and more secured(I guess).
But sometimes I think that those people who do not do transactions with gambling companies will not find any problem from coinbase side. I also heard a number of people having issues with coinbase but I think that if someone read the rules before joining and follow them all then he will not face any issue from them.

Sometimes it is also our fault on not reading the rules and regulations that an exchange / online wallet site is implementing. Basically you are right, if we are not doing gambling related things and don't have profits from there then we are not going to have any problems with coinbase. But still just like what you've said, those people who are complaining are making coinbase to be avoided.

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January 29, 2017, 03:53:40 PM
Last edit: January 29, 2017, 06:51:04 PM by mrjoy15
 #30

While talking about safety purpose Coinbase as a online wallet should have negative feedback coming automatically.Though i would feel good recommend you coinbase.So far no issue at all unless you have followed their TOS when using this service.
Using my experience i can commit that so far I didn't face any problem using Coinbase.Still going smoothly without any wrong.
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January 29, 2017, 09:01:00 PM
 #31

about coinbase i think that is a safe wallet but the original of coinbase service is to exchange bitcoin, because i remember that in the first day of coinbase give to new users free 5$ who can be withdrawl, so i think she is a safe as wallet or exchange service and very serieus service and you can use it as wallet without any problem
this is what i think
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January 29, 2017, 09:37:49 PM
 #32

Coinbase has a multisig Vault option which gives you more control over your funds for advanced users. I appreciate the fact that they offer the option but many may find using a hardware wallet is preferable. Trezors and Ledger Nano S are easy to use and you maintain complete control over your private keys.

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January 29, 2017, 09:43:30 PM
 #33

In my view Coinbase is one of most safe wallets I have no issue in last many months using this without any problem may be some have issues and some prefer hardware wallets but this is also trust-able and any one can use without any problem support is also very quick and sportive
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January 29, 2017, 09:49:40 PM
 #34

While talking about safety purpose Coinbase as a online wallet should have negative feedback coming automatically.Though i would feel good recommend you coinbase.So far no issue at all unless you have followed their TOS when using this service.
Using my experience i can commit that so far I didn't face any problem using Coinbase.Still going smoothly without any wrong.
Just like in your case, I've seen many users who have been using the service for quite some time, and have no big problems with that. Regarding complaints, there are cases of users who have had problems that have been resolved by the support. On the other hand, there is a considerable number of users who complain that both the service and the support are inefficient, this is what worries many people about the quality of the service. I think coinbase needs to start hearing these complaints and start solving these problems if they intend to increase their user base.
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January 30, 2017, 12:24:40 PM
 #35

In my view Coinbase is one of most safe wallets I have no issue in last many months using this without any problem may be some have issues and some prefer hardware wallets but this is also trust-able and any one can use without any problem support is also very quick and sportive

Don't be regret later! Better to move all your amount on coinbase wallet or every online wallet you used, there's no guaranteed your funds safe, why? There are some possibility: hacker, collapse and to be a scam company. Don't close your eyes to kind of case like Mt.gox, mintpal, inputs, ect.
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February 01, 2017, 11:42:58 AM
 #36

I think it's really just preference. If we are just speaking in terms of using an online wallet to hold/send/receive bitcoin (and nothing else), both wallets are pretty good.
Personally, I'm not fond of the newer blockchain.info user interface at all - but it's still a decent wallet.
Choosing between coinbase and blockchain i would choose blockchain because of its new features which you could able to secure your private keys already unlike on coinbase and take note its not a purely webwallet but an exchange wallet.They do really hold or freeze account if they know that you are using it on gambling transactions.
Well, Transfer Bitcoin by coinbase are very fast if both sender and receiver use coinbase. Because when you send the Bitcoin by email, they will instantly move to the email owner within a second. If you care about the private keys or the security, you should never use online wallet because even if they provide you they private keys, it still very hard to prevent hackers from attacking the site.
Hacking incidents is very possible on this wallets and take not that coinbase is not a web wallet but an exchanger which means we are using wallet from an exchange.Im still using coinbase but not too often compared to blockchain and you are right private keys should really be the concern to have more secure wallet.

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February 01, 2017, 02:58:35 PM
Last edit: February 02, 2017, 02:07:01 PM by mrjoy15
 #37

I think it's really just preference. If we are just speaking in terms of using an online wallet to hold/send/receive bitcoin (and nothing else), both wallets are pretty good.
Personally, I'm not fond of the newer blockchain.info user interface at all - but it's still a decent wallet.
Choosing between coinbase and blockchain i would choose blockchain because of its new features which you could able to secure your private keys already unlike on coinbase and take note its not a purely webwallet but an exchange wallet.They do really hold or freeze account if they know that you are using it on gambling transactions.
Well, Transfer Bitcoin by coinbase are very fast if both sender and receiver use coinbase. Because when you send the Bitcoin by email, they will instantly move to the email owner within a second. If you care about the private keys or the security, you should never use online wallet because even if they provide you they private keys, it still very hard to prevent hackers from attacking the site.
Hacking incidents is very possible on this wallets and take not that coinbase is not a web wallet but an exchanger which means we are using wallet from an exchange.Im still using coinbase but not too often compared to blockchain and you are right private keys should really be the concern to have more secure wallet.
We're most all concerning about hacking incidents with online bitcoin wallet.Some wallet have strong security ,2FA code and others but hackers good enough gaining access to your Bitcoin wallet easily.So far online wallet never suggest specially when you have hold a good number of bitcoins in the wallet.
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February 02, 2017, 04:10:55 AM
 #38

In my view Coinbase is one of most safe wallets I have no issue in last many months using this without any problem may be some have issues and some prefer hardware wallets but this is also trust-able and any one can use without any problem support is also very quick and sportive
Agree with you.Coinbase is also safest wallet near to me.I am using coinbase about 1 years without facing any issue.But manny member already posts they have a serious issue about coinbase.Maybe they used coinbase for gambling purposes.So why their account was banned.Before joining any site, we need to read their FAQ.
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February 04, 2017, 07:04:50 PM
 #39

In my view Coinbase is one of most safe wallets I have no issue in last many months using this without any problem may be some have issues and some prefer hardware wallets but this is also trust-able and any one can use without any problem support is also very quick and sportive
Agree with you.Coinbase is also safest wallet near to me.I am using coinbase about 1 years without facing any issue.But manny member already posts they have a serious issue about coinbase.Maybe they used coinbase for gambling purposes.So why their account was banned.Before joining any site, we need to read their FAQ.
I try to use all online wallet in order to avoid theft, I split my bitcoin into different wallets and one of them is coinbase and for some reason my account got banned which does not make any sense because I didn’t use it for anything, I really don’t know what the problem was I tried contacting the support but they just ignored me.
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February 08, 2017, 05:13:15 PM
 #40

In my view Coinbase is one of most safe wallets I have no issue in last many months using this without any problem may be some have issues and some prefer hardware wallets but this is also trust-able and any one can use without any problem support is also very quick and sportive
Agree with you.Coinbase is also safest wallet near to me.I am using coinbase about 1 years without facing any issue.But manny member already posts they have a serious issue about coinbase.Maybe they used coinbase for gambling purposes.So why their account was banned.Before joining any site, we need to read their FAQ.
I try to use all online wallet in order to avoid theft, I split my bitcoin into different wallets and one of them is coinbase and for some reason my account got banned which does not make any sense because I didn’t use it for anything, I really don’t know what the problem was I tried contacting the support but they just ignored me.
Sorry to hearing that. Do you use your coinbase wallet for gambling purposes? If you used, Then its one reason for banning your account. Coinbase does not allow gambling. I recommended you, Before joining any site first read their TOS & FAQ. I found it reading coinbase TOS & FAQ.
I know coinbase support system are very delay, But hope you will get a response about 2-3 days. I also mail them, they gave me to reply after 3 days later. Try to contact them again. Hope your problem will be solve.
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