bitcoin_wallet_test

Choose your Bitcoin wallet

Find your wallet and start making payments with merchants and users.

Take time to educate yourself

Bitcoin is different from what you know and use every day. Before you start using Bitcoin for any serious transaction, be sure to read what you need to know and take appropriate steps to secure your wallet. Always remember that it is your responsibility to choose your wallet carefully and adopt good practices in order to protect your money.

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Wallets » Bitcoin Wallet Test

Bitcoin Wallet Test

The big Bitcoin Wallet Test

This Bitcoin Wallet Test will reveal, wht´s behind this device for soraging the world´s most famous cryptocurrency. Bitcoin has recently gained an increase in prominence.

Not only as a means of payment, but also as a speculative commodity. Bitcoin is currently (January 2018) trading at around €15,000 and there is still no end in sight for the price increase.

Naturally, many investors also want to participate in these price increases. However, the question often arises as to how the cryptocurrency is stored at all. After all, it is not a physical currency stored in the form of hard cash.

The way Bitcoins are stored is comparable to wallets. Wallets are applications in which virtual money can be stored and spent. Just like conventional wallets, however, these wallets are anonymous. Each wallet also has its own address that makes it unique.

Bitcoin Wallet Test as a Comparison

Basically, there are several different types of Bitcoin Wallets to consider. Bitcoins can theoretically be stored on USB sticks or other hardware devices.

However, this Bitcoin Wallet test only covers the most common forms of Bitcoin wallets. These include so-called Web Wallets and Desktop Wallets.

Desktop Wallets are wallets that can be stored on the user's hard drive and are also bound to it. Web Wallets, on the other hand, are offered online by various providers.

These wallets can be accessed via the Internet from many different devices. In order to keep track of the many different wallets available, it is worth taking a look at this Bitcoin Wallet comparison.

Desktop Bitcoin Wallet Comparison

There are many different Bitcoin Desktop Wallets. The Bitcoin Wallet Test shows that these were used mainly at the beginning of the Bitcoin era.

Nevertheless, they have remained popular. The following are among the most popular desktop wallets:

Armory is an advanced Bitcoin client that is best known for its many backup and encryption features. In addition, this Bitcoin Wallet allows for increased anonymity as it changes the Bitcoin Wallet address constantly so that not all payments refer to one address.

Another advantage of Armory is that it's an open-source project, so the source code is freely readable. Thus, the project offers transparency. A disadvantage of Armory is that the wallet can be opened on computers infected by malware.

2. Bitcoin Core

Bitcoin Core is a desktop wallet that forms the backbone of the entire network. This wallet offers a large amount of security, privacy and stability. Bitcoin Core also offers advantages such as high transparency due to the freely accessible source code and increased privacy through the use of different addresses.

Disadvantages of Bitcoin Core include the fact that even this wallet is at risk if the computer is infected with malware. In addition, this wallet requires a lot of RAM and hard disk space to function.

A widely used desktop wallet is Bither. This is a simple and secure wallet available on many platforms. In addition, Bither also offers the possibility to inspect the source code, which provides enhanced transparency.

However, Bither's disadvantages are that this wallet is vulnerable, offering little privacy. Also, transaction costs are only displayed in a static state.

Web Bitcoin Wallet Test

Of course, there is a large number of different providers of Web Bitcoin Wallet. The Bitcoin Wallet Test shows that these have become increasingly important, especially in the most recent past. These are the most popular providers of Web Bitcoin Wallets:

1. Coinbase

Probably the best-known provider of Web Bitcoin Wallets is Coinbase. The offerings of Coinbase are diverse, offering wallets for Bitcoins as well as Ethereum and Litecoin. In addition to being stored and shipped, Coinbase also offers coins to be purchased and sold by bank transfer or credit card.

In addition, Coinbase offers a high degree of anonymity for cryptocurrency transactions, since different addresses can be linked to a single wallet. For these reasons, Coinbase is highly recommended when it comes to choosing a Bitcoin Wallet.

2. Coinapult

Coinapult is a web wallet designed with a focus on newcomers to Bitcoin, enabling the sending of Bitcoins via email and SMS. It is particularly easy to create a wallet with this system, but unfortunately, Coinapult has several disadvantages.

The service has full control over the deposited Bitcoins, while users must entrust Coinapult to forward all payments. Bitcoins stored here are at risk if the provider becomes the victim of a hacker attack.

BitGo offers a very secure web wallet for Bitcoins. Each transaction requires two signatures, which provides some protection against server attacks. In addition, BitGo cannot access the user's Bitcoins because the wallets are secured with private keys.

In addition to this, one of BitGo's key advantages is that a two-tier authentication process can be selected and that the charges for transfers are displayed dynamically. Nevertheless, BitGo still runs the risk of the provider hiding payments.

Bitcoin Wallet Test Recommendation

This review of Bitcoin wallets has shown that there are many different types available, with the most commonly known being Web Wallets and Desktop Wallets. A Bitcoin Wallet recommendation is that web wallets are a very reliable form of Bitcoin Wallets.

Although these are theoretically influenced by the provider, this risk can be minimised by choosing an established provider. The biggest advantage of web wallets is that these can be accessed from many different devices, including mobile devices.

In contrast to desktop wallets, the stored Bitcoins are not lost when the hard disk is destroyed. This is a key advantage throughout the Bitcoin wallet test.

Bitcoin Wallet Test: The Best Bitcoin Wallets 2018

Published by Malte No Comments 4 / 5 ( 2 )

A Bitcoin Wallet generates your address pairs, which are necessary for receiving and sending Bitcoin. However, if you know your secret key, you are in possession of your Bitcoins. Therefore, the right choice of Bitcoin Wallet is crucial.

Keep your Bitcoins safe with a hardware wallet. The picture shows Cryptosteel, Digital Bitbox, Ledger Nano S, Opendime and TREZOR (from back to front, left to right)

Different Types of Bitcoin Wallets

There are many types of Bitcoin Wallets, which are categorized into two groups: Hot and Cold Wallets. The hot wallets can be accessed via the Internet and thus carry a high risk of attack. These should be considered as a wallet in which only a few bitcoins are kept.

With cold wallets, on the other hand, the seed was generated offline and stored for a long time. This means that this important information, which ensures access to your coins, is not accessible from the outside. This type of wallet is definitely the best decision you can make to keep your Bitcoins safe.

Cold Wallets include, for example, paper wallets generated on a secure and offline computer or hardware wallets.

The best Bitcoin Wallets in the test

That’s why there is this page which presents you the best Bitcoin Wallets: The Hardware Wallets.

These are external devices that communicate with your end device via USB or Bluetooth. A transaction is then still carried out on the smartphone or computer, but all important transactions are then carried out on the hardware wallet, sealed off. Similar to the TAN generator in a conventional bank.

This keeps the private key secure and never goes public Even an infected computer can’t harm your Bitcoins. The Bitcoin community therefore agrees that this form of storage is currently the safest solution.

The most popular Bitcoin Hardware Wallets can be found here:

TechRadar pro

Best Bitcoin wallets for Android in 2018

Keep your cryptocurrency portable with these Android wallets

Bitcoin (BTC) was originally invented as a decentralized and easy-to-use payment system. To this end there are a huge amount of wallet applications available for Android phones and devices, allowing you to take your BTC with you on the move.

In this guide, you'll discover five of the most popular Bitcoin wallets for Android available today. While we've tried to select apps that are as simple to use as possible, if you do have a large amount of BTC you may want to choose a wallet with more security features such as GreenBits. If you only have a small amount of Bitcoin and just want to test the water, you can get started immediately with apps like Bitcoin Wallet.

Bitcoin isn't the only cryptocurrency on the market today. If you hold any other kind of virtual currency, or would like to exchange some of your coins, you may prefer a multi-currency wallet such as Coinomi.

When picking a wallet that's right for you, whatever choice you make, we strongly suggest you stick to the ones available either in the Google Play store or the F-Droid repository, as these are less likely to contain malware.

1. Electrum Bitcoin Wallet

The ultimate lightweight and portable Bitcoin wallet

Electrum is well-known in the Bitcoin world as one of the most popular 'thin clients' for storing Bitcoins, and the Android app doesn't disappoint. After downloading, your wallet is generated using a 'seed' of 12 random words, which you must write down. If anything happens to your Android device, you can then use this seed to restore your wallet along with your BTC. Your 'private key' is not locked in to Electrum and you can export your BTC to another wallet if you wish.

The Electrum Bitcoin Wallet for Android takes security seriously: your seed and private keys never leave your device. During setup you're also asked to create a 6-digit PIN which is used to confirm payments. If you already use the desktop version of Electrum, you can even set up a 'watching only' wallet on your phone which lets you view your balance and receive BTC – but not send them.

The most recent version of Electrum Bitcoin Wallet comes bundled with its own QR scanner to easily capture wallet addresses and send payments. To receive BTC, just tap on the 'Receive' section to display a handy QR code for others to scan. This feature is only compatible with the ZXing QR Scanner. If you use another app to scan codes, be warned that this may cause compatibility issues.

2. Coinomi Wallet

Manage and exchange all your coins in one place

Coinomi Wallet was originally created in 2015 and has since developed a solid reputation as a great wallet for storing not only Bitcoin but other cryptocurrencies, including Litecoin, Dash, Bitcoin Cash, Ethereum, not to mention any amount of Ether tokens. During setup you can choose which coins to display in the handy 'overview' section which lists the current market price and value of each currency.

Like Electrum, your wallet addresses are generated using a 'master seed' of 12 random words which never leaves your device. You can use this to restore your wallet balance for all of your coins should anything happen to your device. Coinomi offers the option to set a password during setup rather than a mandatory PIN as with Electrum. If you choose not to set a password, make sure your Android device has screen lock enabled and is encrypted.

Coinomi has integrated support for exchanging different coins using either of the services Shapeshift or Changelly for a small fee. User reviews have reported occasional issues with this whereby transactions don't confirm for some time, although this wasn't an issue during our own tests.

As of January 2018, Coinomi also no longer appears to be open source. This means that it's very difficult to know if there are any undisclosed security bugs or backdoors in the software.

3. MyCelium Bitcoin Wallet

Benefit from a Swiss army knife of privacy features

Mycelium is one of the most highly acclaimed Bitcoin wallets around. The website claims that Mycelium won the ‘Best Mobile App’ award from Blockchain.info in 2014, and that there's no wallet which has more stars from reviews on Google Play.

Mycelium is entirely open source, which means it's much easier to check for any software bugs, and also near-impossible for developers to include hidden backdoors to steal your BTC.

The interface is laid out in very simple fashion with buttons to send and receive BTC as well as scan in QR codes. Mycelium also has a built-in address book for making payments.

The settings section of Mycelium contains a massive arsenal of security features. First and foremost is the security PIN which you can set so that Mycelium requests it each time you make payments. The app also supports sweeping private keys from paper wallets, as well as 'cold storage' wallets which will only display your balance, and cannot be used to send BTC.

Although there's no desktop equivalent of Mycelium, you can use it with hardware wallets like Trezor to digitally 'sign' transactions. This makes it much harder for anyone to steal your Bitcoins.

At the time of writing Mycelium doesn't support Segwit. You can read more info about what this is and why it matters here. However, this should not affect everyday transactions.

4. GreenBits Bitcoin Wallet

Spend your Bitcoin quickly and securely

GreenBits is a secure and open source Bitcoin wallet. It is truly cross-platform in that as well as being available for Android, there's also a GreenAddress Chrome extension allowing you to manage your BTC from any device running Google’s browser.

If a person or company supports the GreenBits wallet service, BTC can be sent without needing to wait for confirmation via the Blockchain (which can take hours or days), allowing for near-instant payments. Each payment also has a unique 'hash' preventing fraudsters from spending the same coins twice.

During setup, a 24-word mnemonic is created which you can use to restore your BTC on another machine if anything happens to your Android device. The app also prompts you to set up payment confirmation via two-factor authentication.

GreenBits is secured via a PIN which you create during setup. If you fail to enter the PIN correctly three times, your wallet's decryption key will be destroyed. After that, the only way to recover your BTC is by re-entering the 24-word mnemonic.

This makes for a very secure wallet, although the setup process might be a little intimidating for newer users who only hold a small amount of Bitcoin. The good news is that once you have secured your wallet, the interface is very easy to navigate. BTC can be sent by entering an address or scanning a QR code.

5. Bitcoin Wallet

One of the simplest ways to get started with Bitcoin

With BTC transaction fees skyrocketing at present, users may also be concerned that there's no built-in feature to manage these either. Bitcoin Wallet simply informs you what the transaction fee will be.

The developer of the free and open source Bitcoin Wallet claims that its Android app is the oldest in existence, and that it's one of the easiest ways to get started with Bitcoin.

Unlike other wallets which require you to set up a PIN or write down a seed, you can use Bitcoin Wallet immediately after installation. The interface couldn't be any clearer – simply click 'Send' or 'Receive' to manage your BTC. There's even a handy address book to keep track of your favorite payment destinations. Your current balance is displayed in mBtc (millibitcoin) by default, as well as your local fiat currency, but you can change this in the app’s settings.

This extra simplicity comes at the price of security, however: anyone with access to your device could open the app and steal your Bitcoins. Your private keys, which are used to send payments, are stored securely on your Android device, but there doesn't seem to be an easy way to recover your BTC if anything happens to the device itself.

The app does, however, support 'sweeping' of paper wallets – in other words, scanning the private key of a Bitcoin paper wallet to empty it and add the BTC balance to the wallet app.

Watch the video below for a deep dive into Bitcoin and crypto-currencies.

2018 Best Bitcoin Wallet Review and Comparison

Totally new to Bitcoin and Bitcoin wallets? Start by watching this video:

As a general rule, Bitcoin hardware wallets are the most secure form of Bitcoin wallets, however, unlike software wallets, they cost money. If you’re serious about securing your Bitcoins go for a hardware wallet. If however you’re only storing a small amount of coins you can use one of the free software wallets shown on this page.

compare wallets

Ledger Nano S

Blockchain

Bitcoin Core

Green Address

Bitcoin Wallet

AirBitz wallet

CoolWallet

Ledger Bitcoin wallet review

Summary: Much like TREZOR, Ledger is a cold wallet designed for users who want increased security. The wallet is actually a physical device that connects to your computer and acts as another source of protection. Meaning, you can’t send Bitcoins from your wallet without owning the physical device. If you’re looking for a cold wallet (e.g Ledger or TREOZR) I’ve compared the two in this post.

Ledger offers a variaty of products such as Ledger Nano S, Ledger Unplugged (a contactless Bitcoin wallet), etc. The most popular model today is the Ledger Nano S.

Pros: Beginner friendly, very secure, great support.

Cons: Costs money, More security = less usability (this is an issue with all cold wallets).

TREZOR Bitcoin wallet review

Summary: TREZOR is the perfect solution for storing a large amount of Bitcoins in order to keep them out of harms way. The combination of world class security with the flexibility of any other web wallet make it ideal for beginners and experts alike. The company has been gaining a nice amount of traction and reviews throughout the last year. For a full review of TREZOR click here.

Pros: Extremely secure wallet, easy to use and intuitive interface, supports additional wallets and altcoins.

Cons: High price tag relative to its competitor

Coinbase Bitcoin wallet review

Update – In the past we used to list Coinbase as a wallet, however do changes in the company’s vision this is no longer a recommended wallet.

Summary: Coinbase is the leading exchange service today in buying and selling Bitcoins. It was founded in 2012 and since then has received over US$31 million in venture capital funding. The Bitcoin exchange service is available in 19 countries around the world. Their Online wallet is beginners friendly but the fact that the company holds your funds is can be somewhat risky. Having said that Coinbase has recently launched their Vault service which denies the company control over your funds.

Pros: Beginner friendly, ability to add funds from within the wallet. Established and respectable company.

Cons: Company has some control over your funds (depends if you’re using Vault). Not supported worldwide (yet).

Blockchain.info Bitcoin wallet review

Summary: The most popular Bitcoin wallet today, Blockchain.info allows you to send / receive Bitcoins through your browser or mobile phone. This is what’s known as a hybrid wallet – meaning the company stores your wallet online but they do not have access to your private keys. However since the wallet is loaded from their servers some trust in the company is still needed. Recommended for beginners who are trying out Bitcoin.

Pros: An established and trusted company in the Bitcoin community, good interface, available for mobile and web.

Cons: 3rd party trust required, hard to make completely anonymous payments.

Exodus Blockchain assets wallet review

Exodus is a relatively new wallet (launched July 2016) that allows you to store not only Bitcoins but also Litecoins, Dogecoins, Dash and Ether. It’s unique in its beautiful design and intuitive user interface. You can also trade cryptocurrencies from within the wallet. Currently the wallet is available only in a desktop version. Here’s a full review about Exodus.

Pros: Easy to use, allows to trade cryptos from within the interface, self hosted, awesome support from the founders.

Cons: Limited only to desktop at the moment, relatively new company

Jaxx Bitcoin and Altcoin wallet review

Jaxx is an all platform Bitcoin and Altcoin wallet that allows you to store cryptocurrencies and also exchange between different currencies from within the wallet (via the ShapeShift exchange). The wallet is extremely intuitive and is self hosted so you don’t trust the your private keys with any 3rd party.

Pros: Easy to use, allows to trade cryptos from within the interface, self hosted, awesome support, works on multiple platforms.

Cons: Relatively new company, there have been some issue reported for Linux users

Mycelium Bitcoin wallet review

Mycelium is a popular mobie app wallet that features a wealth of advanced privacy and security features. Yes, the wallet can be a bit complicated for newbie users but it’s still one of the safest and fastest on the market. As an open source software program, Mycelium is constantly being upgraded. While Mycelium is primarily a hot wallet, there are some cold storage features for Bitcoin users looking to put their wealth on ice.

Pros: Advanced privacy features make this app great for people looking to stay anonymous, and advanced security features will help keep your Bitcoin wealth secure.

Cons: No web or desktop interface, so you’ll have to use your smart phone to access this app. Mycelium is also better for more advanced users, so keep that in mind.

Keepkey Bitcoin wallet review

Summary: KeepKey is one of the newest players in the Bitcoin market. It has a very sleek and unique design which makes it probably the best looking physical Bitcoin wallet out there. The device itself is very intuative and easy to set up. You can read a full Keepkey review here.

Pros: Beginner friendly, great design, simple to user, secure.

Cons: Costs money ($99), relatively new company.

Bitcoin Core wallet review (Bitcoin QT)

Looking for a desktop solution for your Bitcoin wallet? If so, Bitcoin Core (also known as Bitcoin QT) is worth a consideration. Bitcoin Core offers a lot of security and privacy features, and supports complete transparency. Bitcoin Core is well-regarded for being a stable system, though it can use up a lot of memory and space on your computer. Still, for modern computers the hardware requirements are rather low.

Pros: Features plenty of security and privacy features and offers a highly stable system.

Cons: No mobile app and no web interface makes it difficult to use this wallet without having your own personal computer on hand. It also requires a lot of free space to store the whole Blockchain.

Electrum Bitcoin wallet review

This fast, lightweight desktop app is a good choice for someone using older and less powerful computers for their bitcoin storage. The most processor intensive parts of the wallet are handled by remote servers. Electrum is well regarded for its advanced security and privacy features, and users can even recover their wallet with a secret pass phrase, though some people would prefer a wallet that doesn’t rely on remote servers.

Pros: While many apps are processor intensive, Electrum is known for being fast and light weight.

Cons: Not friendly for newbies, and the reliance on external servers could present security threats.

Armory Bitcoin wallet review

Amory is a well-known and trusted brand when it comes to Bitcoin security, though the app is usually best for more advanced users. If you are looking for an app that emphasizes safety and security, Armory should make the short list as the app features a variety of encryption and cold-storage options. Armory is among the most respected brands when it comes to Bitcoin security.

Pros: Very flexible and adaptable to just about any situation. Offers industry leading security features.

Cons: Requires advanced user knowledge and is not known for being user friendly.

Xapo Bitcoin wallet review

Xapo is a web-based wallet system, so alls you need to access it is a web browser and Internet connection. Xapo is known for having reasonably advanced privacy and security features, especially for a web-based wallet. The company supports payments through a debit card system, making it easy to spend your Bitcoins. The app is also friendly for newbies, so if you’re new to Bitcoin, give Xapo a close look.

Pros: Xapo debit card system allows you to use Bitcoin ATMs and spend at merchants across the world.

Cons: Web-based wallets face extra security threats, and you won’t be able to manage your Bitcoins without a Internet connection.

Green Address Bitcoin wallet review

A user favorite, Green Address allows you to access your Bitcoins through a variety of methods, including online, through a mobile app, or through a desktop client. Better yet, Green Address’s is well regarded as being user-friendly. This makes Green Address one of the most flexible wallets around. Supports multi-signature features and has strong security and privacy features.

Pros: Very flexible and very easy to use, making Green Address a top choice for newbies

Cons: Requires the use of a remote app loaded from another location, and shared control over your Bitcoins (meaning the third-party has to approve payments).

Bitcoin Wallet review

One of the oldest names in the business, Bitcoin Wallet is known for being fast and relatively easy-to-use. The company believes in “zero trust”, meaning they go out of their way to provide a decentralized system that provides people with a lot of control over their Bitcoin wealth. High-transparency, along with strong security features make this a very secure program, especially for a web-based wallet.

Pros: Well-reputed brand name and a safe, fast, and secure operating environment make this wallet a good choice, though newbies may need a bit of time to get a hang of the system.

Cons: Only available online and requires an Android or Blackberry phone.

BitGo Bitcoin wallet review

BitGo is known for its high levels of security and is a multi-signature wallet. This means that every transaction will require two-factor identification, which can go a long way in protecting your wealth from malware, hackers, and server attacks. Oh, and these keys are held by users, not BitGo, so they have no easy access to your stash.

Pros: A high level of security in a relatively easy and non-technical package.

Cons: Two-factor identification can create a hassle and the service does rely on central verification.

Airbitz Bitcoin wallet review

Summary: Airbitz is a decentrelized, secured and backed up Bitcoin wallet. The promising notion about it is that neither Airbitz or any other 3rd party can access your Bitcoins, so it’s fully independent. The nice thing about Airbitz is that it also supplies you a directory of Bitcoin accepting businesses around you. Also it seems that a lot of thought was put into the user interface to make the experience of using Airbitz as simple as possible.

Pros: Beginner friendly, bitcoin accepting business directory, decentrelized.

Cons: Unestablished brand, no web interface (mobile only).

Copay Bitcoin wallet review

Summary: One of the best Bitcoin wallets out there, it was created by Bitpay. Copay is a multisig wallet which means that a single wallet can have multiple users. This can be ideal for a corporate account where for example, 2 out of 3 signatures are required in order to confirm a transaction. The wallet also has a desktop, mobile and web interface and is completely independent and open source. You can read our full review of Copay here.

Pros: Multisig wallet – allows for improved security, great design, supports multiple devices.

Cons: No support, can be a bit overwhelming for beginners.

CoolWallet Bitcoin wallet review

Summary: CoolWallet is another attempt at creating a portable Bitcoin hardware wallet. The device itself looks and feels like a credit card and has one small operation button on it. The device needs to be help closely to your mobile app when sending out coins adding another layer of security. Even though the concept is pretty cool, the execution is far from complete and the device still feels a bit clunky. Click here to read our full CoolWallet review.

Pros: Very portable (fits in your wallet).

Cons: Device feels a bit clunky, relatively new company behind the product.

BTC.com Bitcoin wallet review

Summary: BTC.com is a Block Explorer owned by Bitmain. The site offers several tools such as network statistics, a mining pool and also an online wallet. The wallet, similar to Blockchain.info, is an HD hybrid wallet. Meaning, you access it via the web but the keys to the wallet are stored on your machine, so BTC.com has no access to them.

Transactions are signed on your device so no one can see your private keys. The wallet also supplies Multisig capabilities and is open source.

Pros: Wide variety of features, intuitive interface, open source.

Cons: Still a hot wallet, controlled by Bitmain which have a shaky reputation in the community.

Coinomi Bitcoin wallet review

Summary: Coinomi is a mobile wallet currently available only for Android. The wallet holds Bitcoin and a variety of additinoal Cryptocurrencies (up to 287 currencies supported). The wallet is pretty basic and user friendly. The main issue with this wallet is that is started out as an open source wallet but since 2016 became closed source – something that raised a lot of eyebrows in the Bitcoin community.

Pros: Wide variety of coins supported, intuitive interface.

Cons: Closed source, Android only.

Coinbase review: Bitcoin & Ethereum-wallet test

Safe and easy Bitcoin- & Ethereum-Wallet with integrated buying or selling of Bitcoin, Litecoin & Ethereum

(c): coinbase.com Screenshot

Coinbase is one of the most popular and biggest web-wallets and exchange for Bitcoin, Ethereum and Litecoin. Coinbase offers an easy, fast and intuitive access to the three big crypto currencies. On one hand you can keep these currencies in the wallet on Coinbase, on the other hand you can directly exchange these currencies for Euro or US Dollar. In our review we comment our experiences with the web-wallet Coinbase.

Table of Contents

What is Coinbase?

Coinbase* is one of the most popular and biggest web-wallets for Bitcoin, Ethereum and Litecoin. Coinbase is a US company, which was founded by Brian Amstrong and Fred Ehrsam in 2012.

More than 10 million users!*

More than 10 million users worldwide (according to the Coinbase website in November 2017) have already registered an account in the crypto-wallet. Besides the basic functions of a Bitcoin-, Litecoin- or Ethereum-wallet, i.e. managing, sending and receiving of the corresponding currency, Coibase also offers other functions. Among them there are integrated Bitcoin-, Litecoin- or Ethereum-exchanges. Using Coinbase you can directly buy the corresponding crypto-currencies for US Dollar, Euro or any other currency according to country.

*the number of users: according to the Coinbase website in November 2017

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Is Coinbase safe?

Coinbase is the world largest Bitcoin-, Ethereum and Litecoin wallet and exchange platform. It was founded in San Francisco (USA) and has been operating since 2012. Coinbase is not only very popular in the USA, but in more than 30 countries around the world, like Canada, UK, Ireland, Germany, France, Italy and many more.

In our opinion: yes, it is safe! Coinbase is very innovative and updates the Coinbase-website frequently.

Coinbase provides lots of security features, like 2-Factor-Authentification. Of course, Coinbase is a hot wallet and thus not that secure like a cold wallet (Read more about the Ledger Nano S Bitcoin & Altcoin Hardware Wallet ).

Is Coinbase secure and legitimate?

In our opinion Coinbase is part of the most legitimate and safest web-wallets on the market. Coinbase has a nice reputation and is supervised by US institutions.

Coinbase offers high security standards: internet traffic is secured by SSL and it uses the typical bank encryption AES-256 on its servers. Moreover access to the bank registration information by Coinbase staff is highly restricted: only verified workers have access to sensible information.

Credit card data are hosted by a third party payment provider in accordance with data security standards of the credit card industry (PCI DSS). Coinbase staff cannot access these data.

Additionally Coinbase regularly updates its website and adds further security functions. One important security aspect is the 2-factor-authentification, which should be activated directly after registration.

Our recommendations despite the high security standards and functions

Nevertheless Coinbase is a hot wallet, which can be directly accessed via the internet. Even if we expect Coinbase having high security standards and functions, we recommend using Coinbase as a “wallet” instead of an account or as a safe.

Be careful: Coinbase is a hot wallet

Your own Bicoins, Litecoins or Ethereum coins are definitely safer in an own hardware-wallet (e.g. Ledger or Trezor), so you have absolute control, particularly over your private keys of the wallet.

Bitcoin-, Litecoin or Ethereum-vault: the safe for your own coins

With its Bitcoin-, Litecoin- or Ethereum-vault Coinbase offers its own “safe”, in which your crypto-currencies can be kept safely because of advanced security functions. It is a fact that therefore your own digital coins are kept more safely compared to a “normal” account, but we continuously recommend, especially for amounts exceeding 1.000 Euros, executing your investments in your own hardware-wallet and managing the digital money there. For smaller amounts beneath 1.000 Euros Coinbase is a nice compromise of an easy, intuitive but also secure web-wallet.

Coinbase fees and costs: is Coinbase for free?

Generally speaking fee structure of Coinbase is very transparent: using the web-wallet for Bitcoin, Ethereum and Litecoin is for free. This means, that keeping crypto-currencies in the wallet, as well as receiving Bitcoins, Litecoins or Ethereum coins is for free. Sending crypto currencies usually causes transaction fees. These transaction fees do are not transferred to Coinbase, but to the responsible crypto-network and are credited to the miners. The present transaction fees can be checked under https://support.coinbase.com/customer/portal/articles/2109597-buy-sell-bank-transfer-fees:

Coinbase fees and costs at a glance:

• using the web-wallet: for free
• receiving Bitcoin, Ethereum and Litecoin: for free
• sending Bitcoin, Etehreum and Litecoin: standard fees of the networks (Coinbase does not collect charges, but simply passes the transaction fees on to the miners)
• purchasing Bitcoin, Ethereum or Litecoin per bank transfer: 1,49% of the purchasing amount
• purchasing Bitcoin, Ethereum or Litecoin per credit card: 3.99%of the purchasing amount for using credit card as a mode of payment
• selling Bitcoin, Ethereum or Litecoin per credit card: 1,49% of the purchasing amount plus an extra charge of 0.15 cents for transferring the amount to your own bank account

Amount of transaction fees, respectively costs on Coinbase?

As any other Bitcoin-, Litecoin or Ethereum-wallet there are transaction fees for sending currencies (“miner fees”). Mining fees are charged by the respective crypto network, which means, that Coinbase has no direct control over these. This is the reason why these fees are not of the same amount every day, but they depend on the respective transaction and the network. Generally you can say: if there are many transactions taking place in the particular network, transaction fees are increasing.

Charge fees for purchasing Bitcoin, Ethereum or Litecoin?

Coinbase charges fees for purchasing Bitcoin, Ethereum or Litecoin choosing the Coinbase wallet. General fees are 1.49% of the purchasing amount. Additionally there are fees depending on the mode of payment: these incur according to country and method. In Germany you can use two different methods of buying crypto-currencies directly via Coinbase:

Transaction fees using credit card in Europe

There is added an extra charge of 3.99% to the standard purchasing fee of 1.49% for Bitcoin, Ethereum or Litecoin.

Transaction fees using bank transfer (SEPA) in Europe

Bank transfer on the Coinbase wallet is for free. Purchasing crypto currencies with your Euro or USD deposit is priced at 1.49%.

Charges fees for withdrawal in Europe

Using Coinbase you can also exchange Bitcoin, Ethereum or Litecoin for Euro, Pound or US Dollar. For this you need to exchange your crypto-currencies for a charge fee of 1.49% for national currencies (FIAT currency). These are then accounted to your Coinbase deposit in Euro, USD or British Pounds. For an extra charge fee of 15% this money is transferred to your own bank account.

Our review, test and experiences with Coinbase: registration on Coinbase and first steps

Registration and first steps on Coinbase are easy to manage

Enter your email address, name and a secure password and your account is registered on Coinbase.

Keep in mind: use an appropriate password!

We highly recommend choosing a very secure password. This password should not be used for any other account, e.g. email account. Additionally this password should be an 8 digit-combination of letters, numbers and special characters. The longer, the better: we also recommend using more than 32 characters for the password. To safely backup passwords, we would like to mention password managing programs (password manager) like Password Safe 7, RoboForm or KeePass 2. These password managers can automatically generate and save them. You can access the different passwords with a master key.

The access is completed after clicking on the confirmation link in your registration email.

When you logged in for the first time you are immediately welcomed with new tasks since registration is not completed yet.

Also without completed setup you can use several basic functions, though. You can use the wallet, for example. Thus you can already receive, manage and send Bitcoin, Ethereum or Litecoin. Nonetheless we recommend completing a few security setups and activations before using it.

First step and one further security feature is adding a telephone number. You have to add a number where a SMS with a verification code is sent to.

Security feature: activating 2-factor-authentification and further security functions

After verifying your phone number and before you continue setting up your bank account and methods of payment we suggest activating the 2-factor-authentification and further security features.

Keep in mind: for this you need the separate and free authenticator-app “Google Authenticator”. You can download it from the Play Store for Google Android or from the App Store for Apple iOS.

2-factor-authentification can be activated under “settings” (1) – “security” (2). Here you have to activate the “authenticator” (3). Additionally you should always request a “verification code” (4) when you send currencies (highest security standard).

Firstly you will receive another security code per SMS to your smartphone. After entering this code a window for activating the 2-factor-authentification pops up. Now you can see a secret authenticator code as well as a QR code.

The secret authenticator code should be written down and kept safely (do not save it on your PC). You need the code in case you lose or damage your smartphone. With the aid of another smartphone you can setup another access. You can directly scan the QR code using the Google Authenticator app.

After this, in the app there will be an entry for your Coinbase account stating a six-digit code. The only thing you have to do then, is enterning this code in the confirmation window.

After successfully entering and confirming the code, setup of the 2-factor-authentification is completed. This setup significantly increases the security level of your Coinbase account. For the next login you are not just asked for your email address and your password, but also for the number in your Google Authenticator app. Since the code is refreshed and modified every 30 seconds, a hacker should not be able to crack this code.

Now your account is ready for further setup. From now on you can also use the wallets, thus you can receive and manage your crypto currencies.

Coinbase account verification in less than 3 minutes

In order to use all functions of your Coinbase account, you need a complete verification. After this you can add a method of payment, so that you will be able to sell and buy Bitcoin, Ethereum or Litecoin via Coinbase.

Here Coinbase offers various types of verification. Firstly you have to choose the kind of document. Passport, driving licence and ID can be selected:

Second step of the account verification is choosing an upload method for the corresponding document. You can use a webcam, e.g. the integrated laptop cam or your smartphone/mobile phone camera.

In our test the verification with our laptop worked fine. You just show both sides of you ID in front of the camera and in less than 3 minutes verification of your account is completed.

Adding a mode of payment on Coinbase

In order to purchase Bitcoin, Ethereum or Litecoin via Coinbase you have to add a mode of payment. In Europe you can choose between two of them: there is direct payment per credit card or standard SEPA bank transfer. For larger amounts Coinbase explicitly recommends SEPA bank transfer. A disadvantage of this mode of payment is, that firstly you have to transfer US dollar or euro, which can take about two or three working days.

In case you decide choosing payment via credit card, you will be charged with higher fees, but you can immediately buy Bitcoin, Ethereumor Litecoin.

In our test we checked and added two modes of payment: both could be added without any problems.

Purchasing Bitcoin, Litecoin or Ethereum on Coinbase

In Europe Coinbase offers two possibilities to buy Bitcoin, Ethereum or Litecoin:

Purchasing Bitcoin, Litecoin or Ethereum via credit card

Purchasing Bitcoin, Litecoin or Ethereum via credit card is very easy on Coinbase. Adding a credit card takes less than two minutes. After that you can directly buy crypto-currencies via credit card on Coinbase. Weekly limit is 500 euros (at least for your first purchase). After confirming your payment numbers, your crypto-currency will immediately be credited.

Bitcoin, Litecoin or Ethereum can be bought very fast. It is less than half an hour from the registration till your first crypto-currencies in your wallet.

Charge fees for using a credit card are very high. Particularly larger amounts should not be purchased by credit card.

Purchasing Bitcoin, Litecoin or Ethereum per SEPA bank transfer

The second mode of payment, besides using a credit card, is the purchase of Bitcoin , Litecoin or Ethereum per SEPA bank transfer. This takes two steps: first step is transferring money, i.e. US dollar or euro to your Coinbase account. After being deposited you can use this money to purchase the corresponding crypto-currency.

Charge fees as well as exchange rates are fair and transparent. Bank transfer worked out without any problems, so that after 2-3 days you could buy crypto-currencies using your account.

In order to immediately purchase Bitcoin, Litecoin or Ethereum bank transfer is not the appropriate method. Here you have to deposit the corresponding amount of US dollar or euro in advance.

Increase your purchasing or selling limits on Coinbase

Particularly for beginners amounts for exchanging is limited on Coinbase, so that you can only exchange a weekly amount of Bitcoin, Ethereum or Litecoin worth 500 euros via credit card after your verification.

Coinbase has several levels of limiting: if you are a beginner you start with a low weekly limit. In order to increase your weekly amount, your account has to be confirmed. You have to adjust all your data and process as many transactions as possible. You can increase your limits performing the following steps:

Check your account

• confirm your email address
• confirm your telephone number

Complete and adjust your personal data

• complete name
• date of birth
• address

Add modes of payment

• add your account information
• add your credit card data
• add your debit card data

Check your identity

• tax ID number
• an official ID document
• answering several question for confirming your identity

Complete purchasing on Coinbase

• buy several times using your modes of payment on Coinbase

You can find your personal limits under “settings” > “limits”.

Supported countries: Coinbase US, UK, Canada, Singapore, Europe and the world

Coinbase already offers its service in several countries, among them United States, United Kingdom (UK), Singapore and whole of Europe. In 32 countries you can use Coinbase: among others:

USA, Canada, Singapore, United Kingdom, Germany, France, Italy, Spain, Austria, Sweden, Finland, Switzerland, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Greece, Hungary, Ireland, Latvia, Liechtenstein, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia.

Depending on the country Coinbase services can be different. The modes of payment are not supported in every country. You can check the particular services and modes of payment on https://www.coinbase.com/global.

Conclusion of our review: Coinbase rating, experiences and valuation

In our opinion Coinbase is one of the best and safest web-wallets and crypto-exchanges. After a long-term test of one year we can only report positive experiences. Admittedly Coinbase was not available during the test period for some days, but Coinbase keeps up learning from mistakes and come out of any downtime strengthened. Additionally communication is commendable (especially with their Twitter channel).

Experiences with purchasing Bitcoin, Litecoin or Ethereum

Also the integrated Bitcoin-, Litecoin- or Ethereum-exchanges worked without any major problems in all of our tests. Not only purchasing Bitcoin, Ethereum or Litecoin via SEPA bank transfer, but also using credit card worked out perfectly and the amount was credited to the corresponding Coinbase wallet. We are convinced that charge fees are extremely fair on Coinbase, particularly the fees for SEPA transfer. Only 1.49% of the ordered amount is charged. Indeed, charge fees for credit card payment are relatively high, 4% charge fees are added, but Coinbase is definitely one of the cheap FIAT-crypto-exchanges. Moreover, purchasing via credit card works out easily and fast.

Experiences with selling of Bitcoin, Litecoin or Ethereum

Selling crypto-currencies was executed professionally and fast by Coinbase. As a first step the currencies are re-exchanged for US dollar or euro and credited to the internal FIAT account (euro or US dollar). Once a verified account had been registered on Coinbase, withdrawal of the corresponding amount of euros or US dollars was no problem.

Negative voices?

It is a fact that we read about problems in several forums as far as Coinbase support is concerned, but we cannot confirm these problems. Thus Coinbase is definitely a tip, particularly for Bitcoin-, Ethereum- or Litecoin-beginners. For larger amounts of crypto-currencies we do not recommend the Coinbase wallet. We would like to mention a hardware-wallet instead, for example Ledger Nano S or Trezor-Wallet. Here your Bitcoins, Etherum or Litecoins are safer than in a web wallet.

Advantages of the Coinbase wallet

Beginner-friendly: Coinbase is most appropriate for Bitcoin- and crypto-currency-beginners.

Integrated purchase of Bitcoin, Ethereum or Litecoin per SEPA bank transfer or credit card: so you can quickly get your first Bitcoin, Ethereum or Litecoin.

Established, legitimate and trustworthy company situated in San Franciso (USA).

Coinbase offers high security standards, for example 2-factor-authentification or the Bitcoin, Ethereum or Litecoin “safe” (vault). Nevertheless you are responsible and we explicitly warn you not to keep larger amounts of money on Coinbase. For these larger amounts you can use other types of wallets (for example hardware wallets, which are much safer than web wallets.

The platform is permanently developed further and new functions and updates are offered on a regular basis.

Disadvantages of the Coinbase wallet

Control of your own Bitcoins, Litecoins or Etehreum is assigned to a foreign company; you do not have any control about your own wallet’s private keys. For crypto-currency beginners this can be an advantage, but since you will be getting deeper knowledge of the crypto world you often need control of your private keys (for example concerning hard forks).

The wallet is a hot wallet and therefore has less security levels than a hardware-based wallet.

In the last few months Coinbase experienced some failures and could not stand up to the rush demand. Thus there were times when you did not have any control of your own Bitcoin, Ethereum or Litecoin.

Coinbase alternatives

Indeed, Coinbase is one of the most popular web wallets and crypto-exchanges in the US, UK and Europe, but there are many providers offering a similar service as Coinbase.

Coinbase vs. Blockchain.info

An alternative to Coinbase is the Bitcoin wallet Blockchain.info. Blockchain.info concentrates its services on an extensive Bitcoin web wallet. Among others you can use additional functions like export and import of the private keys. Thus it is possible to import a paper wallet on Blockchain.info. Unfortunately this function has not been supported yet by Coinbase. Also on Blockchain.info you can directly purchase Bitcoin and credit them to your Bitcoin wallet. However the exchange function on Blockchain.info is cooperation with the exchange service Coinify. So you can directly buy or sell Bitcoins via Blockchain.info without any registration for Coinify. We have to admit that we prefer the integrated version on Coinbase, i.e. a third party provider.

Advantages of Blockchian.info compared to Coinbase:

Blockchain.info offers more possibilities as a web wallet, particularly the features of export and import of the private keys has not been offered so far.

Disadvantages of Blockchian.info compared to Coinbase:

Unfortunately, there are no other built-in crypto currencies than Bitcoin. Coinbase already supports Bitcoin, Ethereum and Litecoin.

Purchasing or selling crypto-currencies on blockchain.info is processed by the service provider Coinify. We did not have any problems in our tests purchasing Bitcoin, but we prefer the integrated version on Coinbase.

Coinbase vs. Bitcoin.de

If you compare Coinbase with Bitcoin.de there are common features, but also many differences. However, you can receive, sell and deposit crypto-currencies with both providers, but Bitcoin.de is not really a web wallet as it is offered by Coinbase. On Bitcoin.de you can only send currencies exceeding a certain amount from your Bitcoin.de-wallet. Bitcoin.de obviously focuses on trading crypto-currencies. At the same time Bitcoin.de does not sell the currencies as a broker, this means that the currencies, as distinguished from Coinbase, are not directly bought from the potential sellers. Bitcoin concentrates on the principle of a market place: users of Bitcoin.de can directly trade Bitcoin, Bitcoin Cash or Ethereum. This means some advantages but also disadvantages.

Advantages of Bitcoin.de compared to Coinbase:

Bitcoin.de charges less fees for Purchasing or selling compared to Coinbase. Since Bitcoin, Ethereum or Bitcoin Cash can be traded with other marketplace users, prices can be lower than direct purchase on Coinbase.

If you connect your Bitcoin account to Fidor bank, you can quickly and cheaply buy crypto-currencies without pre-depositing credit on Bitcoin.de (as opposed to SEPA transfer on Coinbase).

Disadvantages of Bitcoin.de compared to Coinbase:

Purchasing crypto-currencies works via a trading system, so that it can take some time on Coinbase until first currencies can be purchased. On Coinbase you can directly buy after a successful verification.

The verification process on Bitcoin.de is more complicated, i.e. you can buy Bitcoin, Ethereum or Bitcoin Cash only after a few days. In order to immediately buy crypto-currencies, we can recommend Coinbase.

Bitcoin.de only offers the following methods of payment: bank transfer or express purchase via Fidor bank account. For a fast purchase process the platform lacks easy payment methods like credit card or Paypal (the latter is not available on Coinbase either).

Bitcoin.de does not offer extensive, integrated web wallet functions. If you do not have a separate wallet yet, you should get one. On Coinbase the web wallet for Bitcoin, Ethereum or Litecoin already has a good standard of functionality and security. In case you consider trading larger amounts you should use a secure wallet (hardware wallet) instead.

Coinbase vs. Hardware Wallets (Ledger Wallet or Trezor Wallet)

Another alternative for Coinbase are so-called hardware wallets. These wallets bring a much higher security standard than web wallets like Coinbase or Blockchain.info. The private keys of the wallet are hereby secured on an external device (usually USB stick) and are not transmitted directly to the computer or are available on the Internet. This makes it almost impossible for hackers to access the stored hardware wallet coins. Hardware wallets, such as the Ledger Wallet or the Trezor Wallet, are among the safest wallets. However, these wallets have no integrated way to buy Bitcoin, Ethereum or Litecoin.

Is Coinbase down?

From time to time it can happen that Coinbase is not available. Every now and then this occurred, especially when there were significant ups and downs of the Bitcoin exchange rate or hard forks. In this case many Coinbase users access their wallets and overload the Coinbase servers.

There might not fail all functions of Coinbase but only single features like the Coinbase website, Coinbase API, the community, single crypto-currency wallets, customer support or individual modes of pament (credit card, US bank accounts, US wires, Paypal, SEPA transfer, Singapore bank transfer or EU debit/credit card). The particular status of the Coinbase services can be checked under https://status.coinbase.com/.

How can I check, import or export my private key on Coinbase?

Unfortunately Coinbase has no possibility to check and save your own private key of the Bitcoin, Ethereum or Litecoin wallet. Thus it is not possible to export the private key and, for example, importing it into another wallet. Particularly with hard forks of the corresponding currency the new created currencies (for example Bitcoin Cash (BCH) or Bitcoin Gold (BCG)) cannot be directly imported into other wallets and made use of. Since there was a great outcry of the Coinbase users because of the Bitcoin Cash (BCH) hard fork, Coinbase promised an export feature for Bitcoin cash and Bitcoin Gold. We will keep you updated with further developments.

The other way does not work on Coinbase either: importing of an already existing Bitcoin, Ethereum or Litecoin wallet is not possible. Therefore you can only send coins via a standard transfer. In case the coins are saved in a Paper Wallet, Wallet.dat file or Brain wallet (your own brain), you have to import the private key into another wallet (e.g. Electrum, Multibit or Blockchain.info) and can then be sent to your Coinbase wallet.

Bitcoin-, Ethereum- or Litecoin-Vault (safe)

Coinbase provides a special wallet: the Bitcoin-, Ethereum- or Litecoin-Vault (safe). For this wallet with extended security functions you can also choose an option of complete control over the private keys. Here you can also export the private keys of the vault.

Coinbase Bitcoin Gold (BTG)

Bitcoin Gold was created through a so-called hard fork on the 25 th October 2017. Here the Bitcoin-blockchain was copied at block 491.407 (=status of 25 th October 2017) and since then it has been running separately from his bigger brother Bitcoin. This procedure is of particular interest for those who already own Bitcoins since they have the possibility to get Bitcoin Gold for the same amount.

Does Coinbase support Bitcoin Gold?

At the moment Coinbase does not support the crypto-currency Bitcoin Gold. This means that Bitcoin Gold can neither be traded on Coinbase nor be saved. Currently Coinbase does not show any intentions of offering the service of a Bitcoin Gold wallet.

Coinbase secures Bitcoin Gold of the customers, who had a corresponding amount of Bitcoin in a Coinbase wallet at the time of the hard fork. Coinbase won’t sell or keep these Bitcoin Gold coins, but provide these for the customers - if there is a Gold support in the future – so that the coins can be withdrawn and sent to a Bitcoin Gold wallet.

Coinbase Bitcoin Cash (BCH)

Bitcoin Cash is a new crypto-currency which emerged via a Bitcoin hard fork on the 1 st August 2017 (separation from the Bitcoin network). The Bitcoin cash developers changed the Bitcoin code and enlarged block size from 1 MB to 8 MB. This is the reason why Bitcoin Cash supporters expect lower transaction fees and a higher throughput of transactions. Whoever had Bitcoins before the 1 st August 2017 then owned the same amount of Bitcoin as well as Bitcoin Cash after the separation.

Can you purchase Bitcoin Cash (BCH) on Coinbase.com?

Presently Coinbase does not sell any Bitcoin Cash (BCH). After the start of Bitcoin Cash in August there were many complaints of users, that Bitcoin owners had not received any Bitcoin Cash. Coinbase explained this issue because of technical and security measures. Coinbase promises that users can access the corresponding amount of Bitcoin Cash and withdraw it in 2018.

Is it possible to withdraw Bitcoin Cash (BCH) on Coinbase?

Currently that is not possible. Coinbase is planning a support of cash withdrawals (1 st January 2018).

When can you withdraw Bitcoin Cash on Coinbase?

Coinbase is planning a withdrawal of Bitcoin Cash from the 1 st January 2018 on.

Buying IOTA, Monero, Ripple, Dash, Ethereum Classic or NEO on Coinbase

At the moment is not possible to purchase IOTA, Monero, Ripple, Dash, Ethereum Classic or NEO on Coinbase. Coinbase does not offer a wallet for these Altcoins either. these crypto-currencies have to be purchased on other exchanges.

Buying Bitcoin, Ethereum or Litecoin on Coinbase using Paypal

Presently you cannot buy Bitcoin, Litecoin or Ethereum on Coinbase using Paypal. In the USA Coinbase already offers selling crypto-currencies via Paypal. So you can directly sell Bitcoin, Ethereum or Litecoin and sent the turnover to your Paypal account. In other countries like UK, Singapore, Canada or Europe neither purchase nor selling via Papal is possible.

Is Coinbase safe to link your bank account?

Many people are worried about linking Coinbase with a bank account and wonder if the bank account credentials are stored safely. Coinbase has very high security standards: the internet traffic is secured by SSL and Coinbase uses bank-level AES-256 encryption on their servers. Also the access to the bank credentials through Coinbase employees is heavily restricted.

For US residents, who can verify their account in just a few minutes by adding the bank credentials, these banking credentials will not be saved on the Coinbase servers. Coinbase uses a trusted third-party provider “Plaid Technologies” for instant account verification.

Credit Card data is also hosted by a third-party payment provider in compliance with Payment Card Industry Data Security Standards (PCI DSS). Coinbase employees have no access to this data.

Why does Coinbase need an ID verification and is the ID information safe?

Coinbase is a highly regulated financial company situated in the US. For this reason they have to make sure, that they know their customers and correctly store information about their customers. This ensures Coinbase remaining in compliance with KYC/AML laws.

Coinbase protects all personal data – including the ID - by maintaining physical, electronic, and procedural safeguards in compliance with applicable laws. They use computer safeguards such as firewalls and data encryption, enforce physical access controls to buildings and files, and Coinbase authorizes access to personal information only for employees who require fullfilling their job responsibilities. For more information see: https://www.coinbase.com/legal/privacy

Coinbase Promo Code: receive Bitcoin worth 10 US dollar (8 euros) for free

For a new registration using our link you will receive a bonus of Bitcoin worth 10 US dollar (ca. 8 euros). These will be credited to your account after purchasing Bitcoin worth 100 US dollar on Coinbase. Just register a new Coinbase account using the link, purchase Bitcoin, Ethereum or Litecoin worth 100 US dollar and your bonus is credited.

Note: we will receive a bonus of 10 US dollar (ca. 8 euros) as well.

US Search Mobile Web

Welcome to the Yahoo Search forum! We’d love to hear your ideas on how to improve Yahoo Search.

The Yahoo product feedback forum now requires a valid Yahoo ID and password to participate.

You are now required to sign-in using your Yahoo email account in order to provide us with feedback and to submit votes and comments to existing ideas. If you do not have a Yahoo ID or the password to your Yahoo ID, please sign-up for a new account.

If you have a valid Yahoo ID and password, follow these steps if you would like to remove your posts, comments, votes, and/or profile from the Yahoo product feedback forum.

• Vote for an existing idea ( )
• or
• Post a new idea…

• Hot ideas
• Top ideas
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• Category
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Improve your services

Your search engine does not find any satisfactory results for searches. It is too weak. Also, the server of bing is often off

I created a yahoo/email account long ago but I lost access to it; can y'all delete all my yahoo/yahoo account except for my newest YaAccount

I want all my lost access yahoo account 'delete'; Requesting supporter for these old account deletion; 'except' my Newest yahoo account this Account don't delete! Because I don't want it interfering my online 'gamble' /games/business/data/ Activity , because the computer/security program might 'scure' my Information and detect theres other account; then secure online activities/ business securing from my suspicion because of my other account existing will make the security program be 'Suspicious' until I'm 'secure'; and if I'm gambling online 'Depositing' then I need those account 'delete' because the insecurity 'Suspicioun' will program the casino game 'Programs' securities' to be 'secure' then it'll be 'unfair' gaming and I'll lose because of the insecurity can be a 'Excuse'. Hope y'all understand my explanation!

I want all my lost access yahoo account 'delete'; Requesting supporter for these old account deletion; 'except' my Newest yahoo account this Account don't delete! Because I don't want it interfering my online 'gamble' /games/business/data/ Activity , because the computer/security program might 'scure' my Information and detect theres other account; then secure online activities/ business securing from my suspicion because of my other account existing will make the security program be 'Suspicious' until I'm 'secure'; and if I'm gambling online 'Depositing' then I need those account 'delete' because the insecurity 'Suspicioun' will program the casino game 'Programs' securities' to be… more

chithidio@Yahoo.com

i dont know what happened but i can not search anything.

Golf handicap tracker, why can't I get to it?

Why do I get redirected on pc and mobile device?

Rahyaftco@yahoo.com

RYAN RAHSAD BELL literally means

Question on a link

In the search for Anaïs Nin, one of the first few links shows a picture of a man. Why? Since Nin is a woman, I can’t figure out why. Can you show some reason for this? Who is he? If you click on the picture a group of pictures of Nin and no mention of that man. Is it an error?

Repair the Yahoo Search App.

Yahoo Search App from the Google Play Store on my Samsung Galaxy S8+ phone stopped working on May 18, 2018.

I went to the Yahoo Troubleshooting page but the article that said to do a certain 8 steps to fix the problem with Yahoo Services not working and how to fix the problem. Of course they didn't work.

I contacted Samsung thru their Samsung Tutor app on my phone. I gave their Technican access to my phone to see if there was a problem with my phone that stopped the Yahoo Search App from working. He went to Yahoo and I signed in so he could try to fix the Yahoo Search App not working. He also used another phone, installed the app from the Google Play Store to see if the app would do any kind of search thru the app. The Yahoo Search App just wasn't working.

I also had At&t try to help me because I have UVERSE for my internet service. My internet was working perfectly. Their Technical Support team member checked the Yahoo Search App and it wouldn't work for him either.

We can go to www.yahoo.com and search for any topic or website. It's just the Yahoo Search App that won't allow anyone to do web searches at all.

I let Google know that the Yahoo Search App installed from their Google Play Store had completely stopped working on May 18, 2018.

I told them that Yahoo has made sure that their Yahoo members can't contact them about anything.

I noticed that right after I accepted the agreement that said Oath had joined with Verizon I started having the problem with the Yahoo Search App.
No matter what I search for or website thru the Yahoo Search App it says the following after I searched for
www.att.com.

WEBPAGE NOT AVAILABLE
This webpage at gttp://r.search.yahoo.com/_ylt=A0geJGq8BbkrgALEMMITE5jylu=X3oDMTEzcTjdWsyBGNvbG8DYmyxBHBvcwMxBHZ0aWQDTkFQUEMwxzEEc2VjA3NylRo=10/Ru=https%3a%2f%2fwww.att.att.com%2f/Rk=2/Es=plkGNRAB61_XKqFjTEN7J8cXA-
could not be loaded because:
net::ERR_CLEARTEXT_NOT_PERMITTED

I tried to search for things like www.homedepot.com. The same thing happened. It would say WEBPAGE NOT AVAILABLE. The only thing that changed were all the upper and lower case letters, numbers and symbols.
Then it would again say
could not be loaded because:
net::ERR_CLEARTEXT_NOT_PERMITTED

This is the same thing that happened when Samsung and At&t tried to do any kind of searches thru the Yahoo Search App.

Yahoo needs to fix the problem with their app.

Yahoo Search App from the Google Play Store on my Samsung Galaxy S8+ phone stopped working on May 18, 2018.

I went to the Yahoo Troubleshooting page but the article that said to do a certain 8 steps to fix the problem with Yahoo Services not working and how to fix the problem. Of course they didn't work.

I contacted Samsung thru their Samsung Tutor app on my phone. I gave their Technican access to my phone to see if there was a problem with my phone that stopped the Yahoo Search App from working. He went to Yahoo and… more

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Bitcoin wallet test

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Learn about the basics of Bitcoin

From the Start. Bitcoin and Bitcoin Cash.

See More Digital Currency solutions

We don't just test the big ones, we do our best to have a wallet available for all digital currencies available. With more created every day. Use the Contact us page to let us know ones we do not have and we will do our best to support them.

Will bitcoin hit 10k or More?

Many Speculators says Bitcoin will hit 10,000. This is all speculation but Bitcoin may be the answer.. And it Answers to No One But YOU. Bitcoin has no Middle Man - No Banks and little to no transaction fees.

Learn the basics of Bitcoin

Be sure to read all the details of owning a digital wallet, being secure with your funds and storing your keys properly. Storing your keys with proven sites, storing your own keys by paper, website or hard usb wallets.

What the Professionals are saying

If your looking for some credible names backing up bitcoin and the blockchain industry in general, you do not need to look far.

John Mcafee, creator of Mcafee Associates software company, has said he believes Bitcoin will reach 500,000 US Dollars per coin. He used some more vibrant wording to make this claim, I'll let you google it for yourself.

Bill Gates is pushing digital currency through the Bill and Melinda Gates Foundation to help the poorest of the world get access to bank accounts. Microlending and peer-to-peer lending will be used to help elevate the poor into a position where they now have access to capital. Here is Bill talking to Bloomberg about the possibilities.

The following video includes a clip from the same video but with other prominent members of the community adding in :

Banking is one of the oldest professions in the world. However, in recent history the banking system has turned into a small number of massive corporations who nickel and dime the consumer, while reaping massive profits for themselves. Well it is entirely possible that they have finally met their match. Bitcoin is disrupting this multi - TRILLION dollar industry. They have taken notice, but the technology is so profound that it may be impossible to stop their demise.

Here is a Bitcoin developer explaining in his own words.

Get a Bitcoin Wallet

Are you a new Bitcoin user? We highly recommend the free Copay wallet that can be used on many operating systems.

Have you been using Bitcoin for a while and want to upgrade your security practices? Then keep reading!

Types of Wallets

There are many different ways to use Bitcoin and so there are many different types of wallets:

• Online bitcoin wallets. Wallets that can be accessed on the web from any internet connected device.
• Bitcoin hardware wallets. Physical devices designed to secure bitcoins.
• Software wallets. Wallet applications downloaded to your phone, computer or tablet.
• Paper wallets. Bitcoin private keys printed from an offline computer.

By the end of this article you’ll understand Bitcoin wallets and have a better idea about which type is right for you. Here are some factors to consider:

• On the go? If you are making payments in person and not online then a mobile wallet like Copay (iOS & Android), breadwallet (iOS) or Mycelium (Android) is a must.
• Frequency of payments. If you will need to make frequent payments then it will be best to keep your funds in wallet that is easy to use and accessible. Mobile wallets and desktop wallets are good options.
• Amount. If you are dealing with large amounts of bitcoins you will need a secure wallet. Hardware wallets and secure offline wallets like Armory are good options.
• Use combinations. Use a mobile wallet as your checking account, and a hardware or secure offline wallet as your savings account. Mix and match to find a combination that provides both security and accessibility.

Universal Wallets

Copay

Copay is a Bitcoin wallet by Bitpay and available on iOS, Android, Windows Phone, Linux, Max OS X, and Windows. Because Copay is available on multiple platforms, it’s easy to use the same wallet or accounts across multiple devices.

Copay’s simple, clean user interface makes it a good choice for new Bitcoin users. Copay is also a good option for businesses due to a shared account feature, which requires a certain number of users to sign each transaction. Two co-founders, for example, could create a 2 of 2 wallet where both will be required to sign each transaction.

Hardware Wallets

Hardware wallets are small computers or smartcards built with the sole purpose of generating Bitcoin private keys offline. Hardware wallets securely sign transactions in the same offline environment.

Ledger Nano

The Ledger Nano is a smartcard based hardware wallet. Private keys are generated and signed offline in the smartcard’s secure environment. The Nano is setup using the Ledger Chrome Application. A random 24-word seed is generated upon setup and backed offline by writing it down on a piece of paper. In case of theft, damage or loss, the entire wallet can be recreated with the seed. A user selected PIN code is also assigned to the device to protect against physical theft or hacking.

The Ledger Nano may be used on any computer, or Android phones with Mycelium or GreenBits.

TREZOR

The TREZOR differs from the Ledger Nano in that it’s a very tiny computer rather than a smartcard. Private keys are still generated offline.

TREZOR also generates a 24-word seed upon setup. The TREZOR has its own built in screen where the seed is displayed and copied down during backup. Since the TREZOR is an offline device it offers extra security since the seed isn’t displayed on an online computer.

An additional passphrase can be added to the 24-word seed. This provides extra protection, since anyone who finds someone else’s 24-word seed is free to access the funds. If the optional passphrase is added, an attacker still wouldn’t be able to access funds without both the seed AND the passphrase. If the passphrase is forgotten, it cannot be recovered.

OPENDIME

The first Bitcoin Bearer Bond or called a Bitcoin Stick. Opendime is a small USB stick that allows you to spend Bitcoin like a dollar bill. Pass it along multiple times. Connect to any USB to check balance. Unseal anytime to spend online. Trust no one.

Acts like a read-only USB flash drive. Works with any computer, laptop, and phone.

A QR Picture and Text file inside contain Bitcoin address and support.

The private key is generated inside the device, and is never known to any human, not even you!

The Bitcoin world changes fast but Opendime is built on the fundamental Bitcoin features that have not changed in five years.

Give an Opendime to anyone and they don't need to worry that you can take back the funds later.

You have got the private keys in the device. This is physical Bitcoin as it was meant to be to just hand it to someone and they have got it.

Pass it on multiple times! Simple as a handshake. No miner fees, no confirmation delays.

Uses Bitcoin message signing, normal (non HD) bitcoin payment addresses and private keys in WIF format.

Ledger HW.1

The Ledger HW.1 is a more affordable version of the Ledger Nano.

Ledger Unplugged

The Ledger Unplugged is a credit card-size wireless hardware wallet. Private keys are generated offline. Transactions are signed on the device and sent to a mobile phone via NFC.

The Ledger Unplugged is ideal for everyday use, since the device fits perfectly into wallets and no OTG cable is required.

Online Bitcoin Wallets

Online Bitcoin wallets, or web wallets, store your private keys online. Wallets can only be accessed with a user-set password.

GreenAddress

GreenAddress is a multisig web wallet, with apps available for Chrome, iOS, and Android.

SpectroCoin

SpectroCoin is an all-in-one solution for Bitcoin. Services offered include a wide range of Bitcoin solutions, from exchange to Bitcoin e-wallet.

Mobile Wallets for Android

breadwallet (Android)

Breadwallet started out as the most popular wallet for iPhone, and now it is also available for Adroid devices running Android 6.0 or higher. The simplicity and easy-to-use security makes it a great place to start for users who are new to bitcoin.

Mycelium (Android)

Mycelium is a favorite among experienced Bitcoin users. It’s an HD wallet with many advanced features, like support for hardware wallets TREZOR and Ledger, watch-only accounts, cold storage spending, and Tor.

Bitcoin Wallet

Bitcoin Wallet was the first Bitcoin wallet for Android. It’s simple, easy to backup, and connects directly to the Bitcoin network with SPV.

Airbitz

AirBitz is another Bitcoin wallet that’s great for everyday use. It’s integrated with Fold, meaning you can get 20% discounts at Starbucks from within the wallet.

Airbitz manages accounts with usernames and passwords, but doesn’t have access to your funds. This type of account creation is easier for less technical users who may have trouble backing up or understanding HD seeds.

GreenBits

GreenBits is the native version of GreenAddress. It’s fast, simple, and supports hardware wallets TREZOR and Ledger Nano/HW.1.

Mobile Wallets for iOS

breadwallet (iOS)

Breadwallet’s combination of simplicity and security has made it the most popular iOS wallet. iPhone users in search of their first Bitcoin wallet should find Breadwallet easy to understand.

Copay

Copay is available in the App Store. Click here for more details.

Airbitz

AirBitz is also available in the App Store.

Desktop Wallets

Desktop wallets are software wallets that are downloaded and installed on your computer. The desktop wallets below are available on Mac OS X, Windows, and Linux.

Armory

Armory is the most mature, secure and full featured Bitcoin wallet but it can be technologically intimidating for users. Whether you are an individual storing $1,000 or institution storing $1,000,000,000 this is the most secure option available. Users are in complete control all Bitcoin private keys and can setup a secure offline-signing process in Armory.

Bitcoin Core

Bitcoin Core is the “official” Bitcoin client and wallet, though isn’t used by many due to slow speeds and a lack of features. Bitcoin Core, however, is a full node, meaning it helps verify and transmit other Bitcoin transactions across the network and stores a copy of the entire blockchain. This offers better privacy since Core doesn’t have to rely on data from external servers or other peers on the network. Bitcoin Core routed through Tor is considered one of the best ways to use Bitcoin privately.

Electrum

Electrum may be the most popular desktop wallet, due to its speed and ease of use. Electrum can also be used as cold storage if you have an extra computer that can be used offline. Additonaly, Electrum offers other features like connecting through Tor, multisiganture wallets, integration with hardware wallets, and more.

MultiBit HD

Multibit HD is a fast and straightforward desktop wallet with support for hardware wallets TREZOR and KeepKey.

Paper Wallets

Paper wallets were the standard method of cold storage before hardware wallets were built. Paper wallets are private keys printed out on a piece of paper. If generated and printed with a secure, offline computer, paper wallets are secure cold storage.

The main problem with paper wallets is it can be inconvenient to create and print a new wallet each time you send funds to cold storage. However, it’s possible to bulk print paper wallets to save time and eliminate address reuse. Our cold storage guide explains step-by-step how to create a secure paper wallet.

Best Practices

Bitcoin lets you control your money, meaning you are responsible for both your money’s security and your financial privacy. Here are some steps you can take to ensure your privacy and security:

Control your private keys

Services like Coinbase and Circle offer “Bitcoin wallets”, but in reality control your private keys. It’s best to use a wallet where you control your private keys. This is the only way to have full control of your funds and not have to rely on third parties for security.

Protect your privacy

Each time you request blockchain data from a wallet, the server may be able to view your IP address and connect this to the address data requested. Each wallet handles data requests differently. If privacy is important to you, use a wallet that downloads the whole blockchain like Bitcoin Core or Armory. Tor can be used with other wallets to shield your IP address, but this doesn’t prevent a server from tying a group of addresses to one identity. For more information, check out the Open Bitcoin Privacy Project for wallet rankings based on privacy.

Don’t reuse addresses

Most Bitcoin wallets today automatically create a new address for each transaction. Since all Bitcoin transactions are public, address reuse makes it easy for others to group transactions and understand which payments are connected to one identity.

Use different wallets for different sums of money

Just like you don’t walk around with your savings account as cash, there are different Bitcoin wallets that should be used depending on how much money is being stored or transferred. Secure wallets like paper wallets or hardware wallets can be used as “savings” wallets, while mobile, web, and desktop wallets should be treated like your spending wallet.

Create multiple secure backups

Users should create multiple backups of their wallets. Backups should be kept in separate physical locations in the case of fire or water damage. Paper wallets can be laminated or written in metal for extra protection.

How to Store Bitcoins

Earlier it was mentioned that there are four types of Bitcoin wallets: online wallets, hardware wallets, software wallets, and paper wallets. These four categories can be broken down further into different kinds of storage and security:

Hot Wallets

Hot wallets refer to Bitcoin wallets used on internet connected devices like phones, computers, or tablets. Because hot wallets run on internet connected devices there is always a risk of theft. Think of hot wallets like your wallet today. You shouldn’t store any significant amount of bitcoins in a hot wallet, just as you would not walk around with your savings account as cash.

If only used with small amounts, hot wallets should be used for your everyday Bitcoin needs. One may, for example, want to keep $200 worth of bitcoins in a hot wallet for spending, with $10,000 locked away in cold storage.

Custodial Services

Although often called Bitcoin wallets, services like Coinbase and Circle aren’t true Bitcoin wallets. Customers private keys are held by these third party services, meaning users don’t really have control of their money.

As Bitcoiners often say: “if you don’t control the keys, you don’t control the coins”. Mt. Gox is an extreme example, but one that illustrates the importance of holding private keys. Gox was the first and largest Bitcoin exchange up until 2013. Thousands of users stored more than 800,000 bitcoins in their Gox accounts.

At the time, one may have claimed to have 1,000 bitcoins in a Gox account. While true at the time, as soon as Mt. Gox claimed to have been victim of theft users with bitcoins in their accounts were left empty handed.

Services like Coinbase and Circle may in fact use good security practices and there’s a chance your bitcoins are safe. But by storing bitcoins with a third party you are always taking on additional risk.

Cold Storage

Cold storage is achieved when Bitcoin private keys are created and stored offline. Private keys stored offline are more secure since there is no risk that a hacker or malware could steal your coins.

There are three ways to create cold storage: paper wallets, hardware wallets, and software wallets run on offline computers. Think of cold storage as your savings account. Use it to securely store bitcoins that you don’t plan to spend.

Multisignature Wallets

Multisignature wallets like Copay make it easier to share control of bitcoins between multiple parties. If created offline, multisig can also make cold storage more secure.

Multisignature wallets require multiple parties to sign transactions in order for funds to be spend. In a 2-2 wallet, for example, both parties must sign a transaction. In a 2-3 multisig wallet, two of the three co-signers must sign each transaction.

Armory Multisig: Armory offers a Lockbox feature that requires any amount of up to seven co-signers to approve shared transactions. A Lockbox is created by one party who adds additional public keys as co-signers. This solution provides a mix of flexibility and security for personal use or organizations.

Armory’s fragmented backups is another useful feature. Instead of requiring multiple signatures for each transaction, fragmented backups require multiple signatures only for backups. A fragmented backup splits up your Armory backup into multiple pieces, which decreases the risk of physical theft of your wallet. Without a fragmented backup, discovery of your backup would allow for immediate theft. With fragmented backup, multiple backup locations would need to be compromised in order to obtain the full backup.

Here's a look at some everyday use cases for multisig:

2-2 Wallet: Two business partners work together at a startup. They create a 2-2 multisig wallet so that no funds can be spent without the permission of both founders. If one tries to create a transaction, the other partner will be required to sign off on the transaction before money can be moved.

2-3 Wallet: A 2-3 multisig wallet could be used to create secure offline storage with paper wallets or hardware wallets. Users should already backup their offline Bitcoin holdings in multiple locations, and multisig helps add another level of security. A user, for example, may keep a backup of a paper wallet in three separate physical locations. If any single location is compromised the user’s funds can be stolen. Multisignature wallets improve upon this by requiring instead any two of the three backups to spend funds--in the case of a 2-3 multisig wallet. The same setup can be created with any number of signatures. A 5-9 wallet would require any five of the nine signatures in order to spend funds.