Many people contacted us about which online Bitcoin wallet service should they use? It’s really a good question that our site visitors ever asked for. And in this way we want to give our readers a proper information about both well-known Blockchain vs Coinbase online Bitcoin wallets . So, we decided to add a review for Blockchain vs Coinbase online Bitcoin wallets.
This article will cover almost everything about online Bitcoin wallets what to choose and what not to. Also, if you would like to receive newsletter updates about Bitcoin be sure to subscribe with our mailing list by filling out the subscription form at the end of this article.
Experts advice: Avoid using Online Wallets (For security reasons).
But if you still want to use online Bitcoin wallets like Blockchain or Coinbase feel free to read this article to know which online wallet should be good to use. We will discuss about every single thing with which Blockchain and Coinbase online wallets can be compared. Here is a brief features comparison chart about Blockchain and Coinbase.
Comparison Between Blockchain vs Coinbase
- 1 Comparison Between Blockchain vs Coinbase
- 1.1 1. Send and Receive Bitcoins
- 1.2 2. Buying and Selling Bitcoins
- 1.3 3. Linking Bank Account
- 1.4 4. Merchant Services
- 1.5 5. Pay via Email
- 1.6 6. Mobile Apps
- 1.7 7. Web Online
- 1.8 8. Private keys Control
- 1.9 9. They Control Private Keys
- 1.10 10. Wallet Backup Planner
- 1.11 11. Blockchain Explorer
- 1.12 Conclusion
Here is the list of features which we’ll describe below in details in order to compare Blockchain vs Coinbase: List of Features to be compared:
- Send and Receive Bitcoins
- Buying and Selling Bitcoins
- Linking Bank Account
- Merchant Services
- Pay via Email
- Mobile Apps
- Web Online
- Private keys Control
- They Control Private Keys
- Wallet Backup Planner
- Blockchain Explorer
1. Send and Receive Bitcoins
After acquiring the first online Bitcoin wallet, the first thing you will try to do by sending and receiving Bitcoins by selling products and services or by buying them. The both Blockchain and Coinbase offers to send and receive Bitcoins online easily by Bitcoins Address (characters 28 – 35).
2. Buying and Selling Bitcoins
Buying and selling Bitcoins will be the second thing that you will probably try do for investment or for payment purposes. For this, Blockchain does not offer to buy or sell Bitcoins online via Blockchain Bitcoin online wallet (However, they provide links to their partner exchangers). But Coinbase offers really brilliant buying and selling Bitcoins service that is integrated into its wallet. To buy or sell Bitcoins with the help of Coinbase then you will need to open an account with Coinbase once done. Just start buy and sell Bitcoins right from your Coinbase account without going to anywhere else.
3. Linking Bank Account
Linking bank account is a great feature to add funds in your online wallet to buy more Bitcoins easily. Unlike Blockchain, Coinbase has great support to link a bank account.
4. Merchant Services
Who provide the best merchant services Blockchain or Coinbase? Blockchain online wallet gets paid on selling out products/services by providing your Bitcoin address (28 – 35 character code) that anyone can use to transfer the digital currency to your account. However, Coinbase offers Buy, Subscribe, and Donate buttons that are linked to your account. These buttons can also be installed in your website which will help your site visitors/readers to easily pay the dues just by clicking these buttons much like they do in other payment processors i.e, PayPal, Skrill, etc.
5. Pay via Email
Much like PayPal and other payment processors online which offer to send and receive money using email address, just like that Coinbase allows its users to pay via email functionality with your Bitcoin account only. So, with pay via email functionality you can send and receive Bitcoins with email address. But Blockchain Wallet does not offer pay via email address feature however, you will need to use Bitcoin address (28 – 35 character code) instead of email.
6. Mobile Apps
Blockchain and Coinbase have complete access to use wallets in mobile apps to work on Android and iPhone based mobile devices and complete synchronized to online wallet account over at Blockchain and Coinbase.
7. Web Online
ou can access your Bitcoin wallets on the web online in both Blockchain as well as in Coinbase because both offers a great support for Web Online Bitcoin wallet.
8. Private keys Control
Blockchain has a great support for control over the private key (they generate and keep an encrypted copy of your keys on their servers) which is needed when you transfer Bitcoins along the way of your Bitcoin address. So, you can backup your keys whenever you want. Means it’s only you who have complete access of Bitcoin money.
9. They Control Private Keys
But Coinbase control private key which is like a less banking system when you have money, you have full access of it but when you try to withdraw this money into your bank account then Coinbase will access it means they have control of it.
10. Wallet Backup Planner
Just Blockchain have this wallet backup planner great feature to backup your private and public keys on your DropBox or Google Drive account, backup by sending an email, or print on a paper. But the way that Coinbase adopt to make you more secure by simply hosting your keys on their own servers by mean of encryption.
11. Blockchain Explorer
Blockchain Explorer provide you full view of your all transactions and analytic data of what is happening in the Bitcoin network.
In the lights of above facts of feature support, we found that Coinbase did a splendid task to serve more features than just Blockchain.info does. However, Blockchain has more users than Coinbase but if you look for what majority does than we don’t think you should join Coinbase. However, to save your time and money just join Coinbase TODAY!