Coinbase Review

With more than 5,500,000 users as of this writing (and growing fast) Coinbase is one of the most widely used Bitcoin wallet services world wide.

Coinbase Wallet Cheatsheet
Coinbase Wallet Cheatsheet

With more than 5,500,000 users as of this writing (and growing fast) Coinbase is one of the most widely used Bitcoin wallet services world wide. Its main advantage is it’s simple to understand and therefore easy to use. It has all the necessary services to start your Bitcoin experience: wallet + bitcoin buy and sell services + easy send and receive.

Highlights:

Send and Receive: This is part of the basic Bitcoin network functionality all wallets provide.

Web: Coinbase is also known as the “PayPal of Bitcoin” because their user experience and services are similar, but applied to the digital currency. They strive to provide comprehensive web wallet, buy and sell, and merchant services.

Mobile App: They provide both Android and iPhone apps. All wallet services are included and they are synchronized with the web application meaning whatever you do in the app is immediately reflected on the website.

Key Backup: Since Coinbase hosts your wallet to provide all their services there is no backup functionality.

You Control Keys: As mentioned above, to provide their comprehensive services Coinbase needs to host your Bitcoins, this means your wallet’s public and private keys are kept in their servers and you access the Bitcoin network through them.

Market Information: They provide live price and transaction charts for basic investment and merchant services, but this is limited compared to other specialized websites.

Buy and Sell Bitcoins: They provide exchange services directly from the wallet, but users buy and sell from them since they are not an exchange. Their prices are very competitive and in line with market prices.

Blockchain Explorer: This is the ability to monitor everything that’s happening in the Bitcoin network directly from the source: the block chain. Coinbase does not provide this service although it’s not really necessary for basic wallet, market, and merchant services.

Link Bank Account: This is one of Coinbase’s key services that makes it so convenient especially to start exploring the Bitcoin market. Within the US users can link their bank accounts to their wallets so it’s easy to move money between their bitcoin wallets and their bank accounts. This service will be available in other countries soon.

Pay by Email/SMS: Just like PayPal invented this functionality to move money, Coinbase implemented this service to move Bitcoins around the world by using your email or cellphone. It is also possible to send Bitcoins this way to people who don’t have Coinbase accounts.

Merchant Services: Another of the key services Coinbase provides is the ability for merchants to sell and get paid in bitcoins. Sellers can use their “Pay”, “Subscribe”, and “Donate” buttons as well as implement their gateway with custom design.

Get your Bitcoin Coinbase Wallet here >>>

Updated: 1/25/2017

Turn Cash Into Bitcoins In 15 Minutes With Cashintocoins.com – Interview with Founder Will Wheeler

Will Wheeler, founder of Cash Into Coins (cashintocoins.com)
Will Wheeler, founder of Cash Into Coins (cashintocoins.com)

Millions of people in the US and around the world are learning about and exploring Bictoin and Bitcoin services.

The basic functionality needed to start your experience is to open a Bitcoin wallet to store, send, and receive the digital currency, but one of the problems is to actually acquire the first Bitcoins.

Advanced services like Coinbase, Bitstamp, and Mt.Gox are great for more sophisticated customers who open an account and manage their investments, but what about a fast and practical way to buy in a matter of minutes without the “verification” and “know your customer” waiting periods?

The solution is Cash Into Coins. The service is organized for and capable of executing a buy transaction in as little as 15 minutes. This is because it is registered with federal and state authorities to act as a dealer where they don’t intermediate between clients or hold your funds.

It is a practical solution that is having huge success as Will Wheeler, founder of the company, explains in this interview.

We spoke about:

– Will’s background.
– What is Cash Into Coins?
– How does it work?
– Who are their target customers?
– What region do they cover?
– What is their licensing status in the US?

Please watch the video below:

Coin4ce Bitcoin Wallet, Trading, And Investment Advice With Adam Stradling

Adam Stradling, founder and CEO of Coin4ce.
Adam Stradling, founder and CEO of Coin4ce.

Based in Chile, one of the most dynamic Bitcoin communities in the southern hemisphere, Adam Straddling’s Coin4ce will help middle income and high net worth individuals in Latin America to adopt and invest in crypto-currencies.

It is not an easy task though. The region is a mosaic of nations that may share the same language (except for Brazil that speaks Portuguese), but they also present different banking systems, currencies, and regulations.

In this interview Adam Stradling, ex-TradeHill and now founder and CEO of Coin4ce, talks about the service and it’s regional roll-out.

We spoke about:

– Adam’s background.
– What is Coin4ce and when is it launching?
– What will the features of the service be?
– Wallet + Exchange + Investment Advice?
– What is the company’s target market?
– What countries will it cover?
– Spanish, English, And Portuguese?

Please watch the interview below:

Coinbase vs Bitstamp Review – Bitcoin Exchanges – What Is The Difference?

With Bitcoin’s popularity on the rise more and more people around the world are asking how to start using it and what are the best tools available.

The basic features with many services are the abilities to store, send, and receive bitcoins, but once this is solved the next natural step is to find a place to buy and sell the digital currency.

Coinbase and Bitstamp are two of the most popular exchange services especially among American users.

Coinbase vs Bitstamp comparison chart
Coinbase vs Bitstamp comparison chart

San Francisco based Coinbase is known as “the PayPal” of Bitcoin and its main focus is to provide easy access through simple and intuitive services for individuals, merchants, and investors.

Bitstamp is located in Slovenia and its mission is to be an efficient Bitcoin exchange solution with robust trading services and easy deposit and withdrawal of traditional currencies.

How do they compare?

Buy and Sell: Both services provide bitcoin/US dollar exchange services, but they differ in their style. Coinbase users buy and sell bitcoins directly from the company. They publish their bid and ask prices on their service and users can go to the “buy/sell” page to enter their orders. In the case of Bitstamp the company acts as an exchange where users buy and sell between themselves at the best prices offered on the system.

Link Bank Account: On Coinbase US customers can link their bank accounts to move dollars between their financial institutions and Coinbase. Once this is done the deposits and withdrawals are automatic each time they buy and sell Bitcoins. On Bitstamp this service is available for EU customers, US users can deposit and withdraw dollars by wire transfer.

Instant Orders: Once the accounts are setup and funds deposited users of both services can buy and sell bitcoins and both companies offer Instant Orders. This means that when users enter their buy and sell orders they are executed immediately at the best price available at that time.

Limit Orders: These orders consist of buying and selling at specific prices indicated by the users. Coinbase doesn’t support this type of order. On Bitstamp users can enter limit orders that stay open until they are either cancelled by the client or executed in the market.

Order Book:

Bitstamp - Order Book
Bitstamp – Order Book

An order book is a screen where all the bid and ask orders are published with the price and volume information so all buyers and sellers can see the depth and breath of the market. Bitstamp offers this feature in a chart and in list format. Because Coinbase doesn’t handle customer orders they only publish their own bid and ask prices with no volume information.

Holds Bitcoins: This is the ability to store and hold users’ bitcoins in their service. On both Coinbase and Bitstamp they hold and store Bitcoins for their customers. Users can also check their balances and account activities on both services.

Holds Dollars: This is the ability to store and hold customers’ dollars in their accounts. In the case of Bitstamp customers can deposit, store, and withdraw US dollars whenever they want. Because of compliance reasons Coinbase doesn’t yet hold dollars on their customer accounts. Each time users buy and sell bitcoins the dollars are deposited and withdrawn from their clients’ accounts in their financial institutions using the ACH automatic transfer system.

Other Currencies: For deposits and withdrawals Bitstamp supports US dollars, British pounds, and Swiss francs. In the case of Coinbase for now they only support US dollars within the United States.

Wallet Services:

Coinbase Wallet
Coinbase Wallet

Coinbase offers full wallet services that include the ability to send and receive bitcoins by email and SMS. In the case of Bitstamp users need to get wallet services from 3rd parties, but they can link them to their Bitstamp investing accounts.

Which one should I use?

If you live in the US and prefer an easy to use service with the ability to buy and sell bitcoins then Coinbase is your best option.

If you are seeking more advanced trading services with the ability to deposit and withdraw in other currencies as well then Bitstamp is your best alternative.