Is coinbase account safe for transaction?

[Kprawn]

Coinbase will close/block your account for stupid reasons... if they even suspect that you using it against something that are stipulated in their

ToS. They are a centralized service and you have to adhere to strict KYC/AML regulations to use it. Blockchain.info has no such requirements..

you just signup and use it. Yes, Blockchain.info had some issues before, but they were sorted out quickly.  Your safest bet.. buy a Trezor

hardware wallet.

[iram3130]

The bottom-line is, use Coinbase if you are new and doing less amount of transactions. Find a better one when you have a big amount and do many transactions in small time.  

[ibuddy122505]

I use coinbase as a personal wallet.It cost nothing for transactions. Is it safe? someone told me to use blockchain instead of coinbase.but it cut a fee for every transaction.

Yes,Transaction of currencies into your Coinbase account is FREE.Mainly Coinbase is a digital asset exchange company but most of people using it as a wallet so there might be some restrictions as Coinbase is not only used as of transferring,storing digital currency but also secure online platform for buying, selling.You should bear in mind that you may ban at any time if coinbase suspect you as a gambling attempt or such as many issue.

I suggest you create another bitcoin wallet as soon as you can.There are a number of bitcoin software that will process your transactions and create new bitcoin accounts for you.Surely a little bit fee may be cut off for every transaction.Blockchain should be better.

[LTU_btc]

Coinbase is safe wallet if you don't use it on gambling or casino sites.
Coinbase don't gives you private keys, so you don't have full control of your coins. This is why blokchain.info is better wallet.
But I think you can use coinbase for your daily needs to save transaction fees. But don't keep big amounts there. It's better to use desktop wallet as main place to keep coins.

[fiscorcle]

It is after all an exchange first.
So would you really rely on them as a wallet for your whole bitcoin collection.
I think not.
Do not trust exchanges. Hasn't anyone learned from Cryptsy/Bitfinex?

[chaser15]

I use coinbase as a personal wallet.It cost nothing for transactions. Is it safe? someone told me to use blockchain instead of coinbase.but it cut a fee for every transaction.

It's not really the safest wallet neither is blockchain. Since coinbase is a exchange and all the bitcoin is stored on their servers any problem or hack of the servers you will lose your bitcoin there have been some previous incidents with coinbase and I wouldn't recommend it. For small transactions like <0.001 it's fine using coinbase but wouldn't recommend it to store high amounts. Best is using a desktop wallet for everyday use,  I usually use Electrum it's easy to understand and has good security.

OP is just talking with the transactions and not as a safe wallet so obviously the answer is yes, Coinbase is safe for doing transactions. Some replies are pointing to the characteristic of Coinbase itself lol.

For storing coins purposes or people will use this as main wallet then that is not a wise thing to do and the answer is obvious. Im using this exchange wallet for services or transactions only but not to the point that I will make this as my primary wallet. As of now I didn't have a problem using this exchange when doing transactions.

[fiscorcle]

I use coinbase as a personal wallet.It cost nothing for transactions. Is it safe? someone told me to use blockchain instead of coinbase.but it cut a fee for every transaction.

It's not really the safest wallet neither is blockchain. Since coinbase is a exchange and all the bitcoin is stored on their servers any problem or hack of the servers you will lose your bitcoin there have been some previous incidents with coinbase and I wouldn't recommend it. For small transactions like <0.001 it's fine using coinbase but wouldn't recommend it to store high amounts. Best is using a desktop wallet for everyday use,  I usually use Electrum it's easy to understand and has good security.

OP is just talking with the transactions and not as a safe wallet so obviously the answer is yes, Coinbase is safe for doing transactions. Some replies are pointing to the characteristic of Coinbase itself lol.

For storing coins purposes or people will use this as main wallet then that is not a wise thing to do and the answer is obvious. Im using this exchange wallet for services or transactions only but not to the point that I will make this as my primary wallet. As of now I didn't have a problem using this exchange when doing transactions.

Coinbase wallets are attached to an exchange so they are one in the same; if that exchange goes down then the wallet that has your coins in it does as well..
As far as I see it.

[neochiny]

I use coinbase as a personal wallet.It cost nothing for transactions. Is it safe? someone told me to use blockchain instead of coinbase.but it cut a fee for every transaction.

That's where most people go wrong. Online wallets are great for day-to-day transactions(small amounts), especially one where they pay for your transaction fees, but actually using it as your main wallet/storing all your coins in it is a big No. That would be like handing control/ownership of all your coins to a third-party.
I personally use a desktop wallet(Electrum) and mobile wallet(Mycelium) for storing most of my coins. I do use Coinbase as well since the "free" thing is great but only for small amounts, and the only funds I put there are ones I could somehow afford to loose. (Just in case since one never knows.)

[juemonju]

I use coinbase as a personal wallet.It cost nothing for transactions. Is it safe? someone told me to use blockchain instead of coinbase.but it cut a fee for every transaction.

That's where most people go wrong. Online wallets are great for day-to-day transactions(small amounts), especially one where they pay for your transaction fees, but actually using it as your main wallet/storing all your coins in it is a big No. That would be like handing control/ownership of all your coins to a third-party.
I personally use a desktop wallet(Electrum) and mobile wallet(Mycelium) for storing most of my coins. I do use Coinbase as well since the "free" thing is great but only for small amounts, and the only funds I put there are ones I could somehow afford to loose. (Just in case since one never knows.)

Yea,I understand. thanks.

[Supebox]

Coinbase will close/block your account for stupid reasons... if they even suspect that you using it against something that are stipulated in their

ToS. They are a centralized service and you have to adhere to strict KYC/AML regulations to use it. Blockchain.info has no such requirements..

you just signup and use it. Yes, Blockchain.info had some issues before, but they were sorted out quickly.  Your safest bet.. buy a Trezor

hardware wallet.

Indeed its a good online wallets but the fact that they have so much rules make them also pretty bad in my eyes..

[juemonju]

What are the rules made bad coinbase in your eyes?

[Bitcoin0916]

I used coinbase more than 9 months, but until now never got problems. I very like use coinbase because have vault wallet for save and send with big amount and full secure.

[juemonju]

i never yet used vault

[uanode]

Just don't use coinbase, trust me, there is good a reason many people here recommend to not use it.

[passwordnow]

Just don't use coinbase, trust me, there is good a reason many people here recommend to not use it.

It seems that is a fact and even me I don't want to suggest using coinbase I just don't know why. Even though I used coinbase for sometime but I didn't used it for a long time because I find blockchain is way better with coinbase. And once I've read a bad feed back about coinbase here in forum then it make me think that coinbase is a must be stayed away wallet.

[PokemonFun]

I use coinpayments wallet because i must use it to invest in revenue share sites so i use it and feees are only 0.0001 btc and you need only to type code from email and write username and password to lign what is good for me.

[dunfida]

I use coinbase as a personal wallet.It cost nothing for transactions. Is it safe? someone told me to use blockchain instead of coinbase.but it cut a fee for every transaction.

Coinbase is a safe online wallet and it doesnt really require some fees on each transaction you would made but the thing you would really bother off is when the transfer would be longer to confirm when you are sending money to another wallet and also coinbase is strict regarding on using it on gambling sites they will froze you account. Blockchain is commonly used it do have fees but it wont really hurt you. Use the wallet that really suits you.

[juemonju]

I use coinbase as a personal wallet.It cost nothing for transactions. Is it safe? someone told me to use blockchain instead of coinbase.but it cut a fee for every transaction.

Coinbase is a safe online wallet and it doesnt really require some fees on each transaction you would made but the thing you would really bother off is when the transfer would be longer to confirm when you are sending money to another wallet and also coinbase is strict regarding on using it on gambling sites they will froze you account. Blockchain is commonly used it do have fees but it wont really hurt you. Use the wallet that really suits you.

thanks

[Patatas]

Coinbase will close/block your account for stupid reasons... if they even suspect that you using it against something that are stipulated in their

Yeah but for everyday transactions with small amounts it's less painful.It's 2016,people should stop using online wallets especially of the 3rd party exchanges.

ToS. They are a centralized service and you have to adhere to strict KYC/AML regulations to use it. Blockchain.info has no such requirements..

Blockchain.info is just a web wallet while coinbase is an exchange.

[Zadicar]

Coinbase is really safe for bitcoin transfers and we should not be worry about and regarding to the fee its really true that they dont charge for the transaction fee compare to other wallets thats why i like to use it since im not in a hurry on waiting for confirmations.Just dont use it on gambling