Worst Online Crypto Wallet Ever! [Poll]

[BitHodler]

I by default would avoid sites such as BTC.com considering how they are doing their best to promote Bcash over Bitcoin, and that mostly in an unethical manner that affects newbies not knowing what's good or bad.

Coinbase was pretty decent until they started asking for your ID in order to use it. I have been using them for like two years prior to their policy change, and it always worked just fine for me. Too bad they went full KYC/AML.

Currently I'm using Electrum and don't see much point in using an online wallet anymore. The good old zero fee days are over and that means they don't offer a worthy to join advantage anymore.

[1713256305]

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[figmentofmyass]

Currently I'm using Electrum and don't see much point in using an online wallet anymore. The good old zero fee days are over and that means they don't offer a worthy to join advantage anymore.

years ago i used to say "it's more convenient" to use online wallets but tbh, it's not. that was just me being biased towards what i was familiar with---specifically, blockchain.info.

with wallets like electrum (on mobile as well) out there, there's no way to say browser-based wallets are more convenient or easier to use anymore. to boot, blockchain.info has a terrible UI now and the fee interface sucks too.

[1Referee]

I don't think blockchain.info is that shitty.
It's an important wallet for adoption, as it is easy to use and newbie friendly.

Blockchain.com is actually shitty. It might be an initial landing site for newbies, but they due to there not being Segwit, have to pay much higher fees. Newbies will of course not understand that they haven't upgraded to Segwit, but they will be confronted with much higher fees, and they will feel that in their wallet for sure. Not what I consider user friendly.

They publicly stated that Segwit support would happen in Q1 of 2018, but where are we now? It's safe to say that these bastards won't upgrade at all. Thank Roger and Jihan for that.

[bitmover]

Blockchain.com is actually shitty. It might be an initial landing site for newbies, but they due to there not being Segwit, have to pay much higher fees. Newbies will of course not understand that they haven't upgraded to Segwit, but they will be confronted with much higher fees, and they will feel that in their wallet for sure. Not what I consider user friendly.

That's correct, I had forgot about segwit.

I believe that even a bigger problem is their fee system. They do not allow you to control the exact fee you want to pay (at least about 2 years ago when I used their system), and they suggest a very high fee.
Much higher than a normal legacy address using Electrum, for example (if you know what to do).
This problem could be easily solved I believe.

[Slow death]

the worst wallet is blockchain.com; I remember until today the last day I used blockchain.com:

I had enabled 2 factors in my blockchain.com account, and that day I needed money urgently, so I went to my blockchain.com account and when I log in, I wait to receive the sms with the code, the sms does not enter on my cell phone ... I wait for hours and nothing. The sms did not enter my cell phone, days went by and I decided to send support ticket and they sent me a link to disable the 2 factors. I make all the procedures to disable the 2 factors, but it was useless because it did not work. I was already desperate and I gave up. until days later that started to receive many sms with the code of my wallet of blockchain.com

I immediately make login, withdraw all my funds and disabled the 2 factors by sms and looked for another wallet

[stomachgrowls]

Currently I'm using Electrum and don't see much point in using an online wallet anymore. The good old zero fee days are over and that means they don't offer a worthy to join advantage anymore.

years ago i used to say "it's more convenient" to use online wallets but tbh, it's not. that was just me being biased towards what i was familiar with---specifically, blockchain.info.

with wallets like electrum (on mobile as well) out there, there's no way to say browser-based wallets are more convenient or easier to use anymore. to boot, blockchain.info has a terrible UI now and the fee interface sucks too.

I've got used to Blockchain wallet when just starting up here on crypto and i believe that most people on earlier years do have that experience

on using up this wallet but as years passed when wallets been created like electrum this is way more better than web wallets as of this moment.
Not that heavy or does need to download the whole blockchain thingy.

[Patatas]

Thanks for all the detailed posts guys and I can't believe I could relate to so many of you guys where when it comes to blockchain.com's wallet. Unfortunately, not many find it as annoying as Xapo or Coinbase. I could lock the poll but just keeping it open for future references. Thanks @everybody.

[bitmover]

the worst wallet is blockchain.com; I remember until today the last day I used blockchain.com:

I had enabled 2 factors in my blockchain.com account, and that day I needed money urgently, so I went to my blockchain.com account and when I log in, I wait to receive the sms with the code, the sms does not enter on my cell phone ... I wait for hours and nothing. The sms did not enter my cell phone, days went by and I decided to send support ticket and they sent me a link to disable the 2 factors. I make all the procedures to disable the 2 factors, but it was useless because it did not work. I was already desperate and I gave up. until days later that started to receive many sms with the code of my wallet of blockchain.com

I immediately make login, withdraw all my funds and disabled the 2 factors by sms and looked for another wallet

I understand you were upset with their security system, but this doesn't make blockchain a shitty wallet imo.
You shouldn't have done any of what you said (tickets, sms, support etc). You should just have imported the privatekey and used somewhere else. You could use it even on blockchain.info again without 2fa

A shitty wallet is a wallet that doesn't give you access to your keys.

[figmentofmyass]

Blockchain.com is actually shitty. It might be an initial landing site for newbies, but they due to there not being Segwit, have to pay much higher fees. Newbies will of course not understand that they haven't upgraded to Segwit, but they will be confronted with much higher fees, and they will feel that in their wallet for sure. Not what I consider user friendly.

That's correct, I had forgot about segwit.

I believe that even a bigger problem is their fee system. They do not allow you to control the exact fee you want to pay (at least about 2 years ago when I used their system), and they suggest a very high fee.

yeah, segwit makes a slight difference but the biggest problem is horrible fee estimation. same as copay, they offer users fee rates by level of urgency, but all the rates are way too high. there's no option to send with only a few sat/byte.

i'm not sure when but apparently they added a separate option for advanced users to customize fees but i don't think most people know about or use it: https://support.blockchain.com/hc/en-us/articles/209283686-Sending-Bitcoin

[Little Mouse]

I have only used coinbase and the experience isn't too bad other than facing 2 issues which was resolved by the support team. Although support was a but lengthy, took mire than 60 hours probably.

[LTU_btc]

I voted for Xapo without any doubts. It's just terrible. First, they have fees for incoming small transactions, what is ridiculous. Second, their transactions fees is really big and if you want to send big priority transaction you have to overpay a lot. Third, it's impossible to login here without using mobile app. I'm not even talking that they are randomly blocking users accounts. And cherry on the top - you don't have control of your crypto here.
Blockchain.com in my opinion is really good as web wallet in my opinion, I don't have bad things to say about it. Oh, guy above reminded SegWit, but it's tiny issue comparing with other wallets.
Freewallet.org - I haven't used this wallet, but I heard mixed opinions about here. But from what I saw at least their supporting is active here.
Btc.com is neither a good wallet, neither very bad one.
Coinbase - I'm not sure that they should be considered as wallet at all. As wallet it's bad obviously, as exchange - there are many worse options in the market.

[figmentofmyass]

I voted for Xapo without any doubts. It's just terrible. First, they have fees for incoming small transactions, what is ridiculous.

localbitcoins does this as well. tbh, i suppose it makes some sense as a hosted wallet provider. users probably inundate their wallet with small unspendable outputs and they need additional fees to sweep these outputs in order to let customers spend them.

the alternative is to do what most exchanges do---charge very high withdrawal fees that are orders of magnitude higher than what you would normally pay in your own wallet.

it's the fault of people using third party services to deposit lots of small outputs and dust. the services have to pay the associated fee costs and recover them somehow. if a hosted wallet isn't charging for this, then they are subsidizing the cost another way.

[LTU_btc]

I voted for Xapo without any doubts. It's just terrible. First, they have fees for incoming small transactions, what is ridiculous.

localbitcoins does this as well. tbh, i suppose it makes some sense as a hosted wallet provider. users probably inundate their wallet with small unspendable outputs and they need additional fees to sweep these outputs in order to let customers spend them.

You're right about it. In past lot of faucet users used Xapo wallet. Usually faucet users receive lot of small transactions and it's not good thing. Back in 2017, when Bitcoin transaction fees become huge and there was network congestion Xapo implemented fees for incoming small transactions because such small transaction wasn't beneficial for their service.
Now I just remembered that in past Xapo, same like Coinbase had no transaction fees for their users, they covered it from their own pocket. This policy helped them to attract huge number of users.

[Bitcoin_Arena]

Voted Xapo, if there was away, i would vote all of them  
All are totally annoying but xapo was most annoying because of the incoming fee part

I voted for Xapo without any doubts. It's just terrible. First, they have fees for incoming small transactions, what is ridiculous.

localbitcoins does this as well. tbh, i suppose it makes some sense as a hosted wallet provider. users probably inundate their wallet with small unspendable outputs and they need additional fees to sweep these outputs in order to let customers spend them.

Quite understandable for Localbitcoin's case but this shouldn't be happening for a wallet

[magneto]

I would honestly be avoiding all of them for high amounts. It's simply not secure enough to store any large amount with a hosted wallet.

If I had to choose a service that is the worst, it is probably Coinbase.

In the past they've demonstrated the tendency of pursuing new features to attract new customers, as opposed to fixing things that were broken already that needed to be addressed (i.e., their support system). Furthermore, they've demonstrated a tendency of suspending customer accounts that have anything to do with tainted coins from gambling sites, etc., even if there is no tangible association.

But again, I wouldn't use them, even the ones that let you hold your private keys like blockchain.com. The process of exporting has becoming so tedious that it's not worth your time.

[1Referee]

i'm not sure when but apparently they added a separate option for advanced users to customize fees but i don't think most people know about or use it

Pretty convenient for blockchain.com to make it look like a high mountain to climb for noobs. It doesn't require much coding work to pop up a slider where people can choose a fee based on what they consider a fair price for their priority. As if 'advanced' users use blockchain.com, lol. They use clients such as Electrum or GreenWallet. Not this garbage.

The good thing about blockchain.com not supporting Segwit is that it will end up empty due to the increasing legacy fees, because people will then be forced to use other services or wallets. The problem will solve itself with time.

[Potato Chips]

I voted for Xapo without any doubts. It's just terrible. First, they have fees for incoming small transactions, what is ridiculous.

localbitcoins does this as well. tbh, i suppose it makes some sense as a hosted wallet provider. users probably inundate their wallet with small unspendable outputs and they need additional fees to sweep these outputs in order to let customers spend them.

Quite understandable for Localbitcoin's case but this shouldn't be happening for a wallet

Not really, xapo is more than just a wallet, it is a hosted one and is essentially a business-- it needs to profit.

What I hate about xapo is how they work like exchanges with all the blocking, extreme kyc and most of all, the terrible support. Wait until the peak times arrived when there's a shit ton of clients using them, you'll see the worst side of all the wallets listed here, if not all, most.

[figmentofmyass]

I voted for Xapo without any doubts. It's just terrible. First, they have fees for incoming small transactions, what is ridiculous.

localbitcoins does this as well. tbh, i suppose it makes some sense as a hosted wallet provider. users probably inundate their wallet with small unspendable outputs and they need additional fees to sweep these outputs in order to let customers spend them.

Quite understandable for Localbitcoin's case but this shouldn't be happening for a wallet

aren't they in the same exact position? both xapo and localbitcoins offer a hosted wallet service where customers don't control their own private keys. so both have to deal with the problem of customers depositing dust---they have to spend lots of fees to sweep it.

any third party wallet/exchange will have this problem. they either need to charge customers for small deposits or they need to charge higher withdrawal fees to cover the expense.

[jvdp]

I voted for Xapo without any doubts. It's just terrible. First, they have fees for incoming small transactions, what is ridiculous.

localbitcoins does this as well. tbh, i suppose it makes some sense as a hosted wallet provider. users probably inundate their wallet with small unspendable outputs and they need additional fees to sweep these outputs in order to let customers spend them.

Quite understandable for Localbitcoin's case but this shouldn't be happening for a wallet

aren't they in the same exact position? both xapo and localbitcoins offer a hosted wallet service where customers don't control their own private keys. so both have to deal with the problem of customers depositing dust---they have to spend lots of fees to sweep it.

any third party wallet/exchange will have this problem. they either need to charge customers for small deposits or they need to charge higher withdrawal fees to cover the expense.

LBC also has the 2FA but high fees to deposit your fund as well.

They must show the control on private key but they were adding up the many security law enforcement and upgrade their privacy policies.

Those needs to change before the customer service problems also needs to change it.

[Patatas]

LBC also has the 2FA but high fees to deposit your fund as well.

1. LBC never claimed to be a bitcoin wallet. They're way better than that.
2. LBC exchange as a wallet is more secure than Blockchain.com/Xapo/Coinbase combined. I wish LBC actually creates an online wallet service to take over these terrible services.