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Add to SafariWhen comparing Coinbase Bitcoin Wallet vs Ripio, the Slant community recommends Coinbase Bitcoin Wallet for most people. In the question“What are the best ways to buy/sell bitcoin?” Coinbase Bitcoin Wallet is ranked 5th while Ripio is ranked 14th. The most important reason people chose Coinbase Bitcoin Wallet is:
If security is one of your top priorities, Coinbase takes a unique approach at protecting users by storing most information offline.
Question Ranking
Pros
Pro Stores 85% of users' funds offline
If security is one of your top priorities, Coinbase takes a unique approach at protecting users by storing most information offline.
Pro Converts Bitcoin to USD
By integrating a US bank account, Bitcoin can be converted to USD using ACH.
Pro Web and mobile
You can open your bitcoin wallet and fully manage it on both web and mobile, and access your bitcoin any time.
Pro Bitcoin can be transfered through email
Allows avoiding using Bitcoin addresses by transferring funds through email instead.
Pro Instant transfers during weekends
If you happen to transfer money into your wallet during weekends, it becomes available after just an hour, so that you don't have to wait for the usual SEPA working hours, which could make you miss opportunities.
Pro You can buy 3 coins
Bitcoin(BTC), Ethereum(ETH) and Dai(DAI) are available to buy.
Cons
Con You don't own your Bitcoins
If they don't like you (KYC/AML) they can lock you out. This is the antithesis of what Bitcoin is able to provide. If you own the private keys, you own the Bitcoins, on Coinbase you don't.
Con Bank account integration is limited
It's only available in US and has a limit for spending and receiving.
Con Tracking you
Bitcoin is anonymous by design but Coinbase is tracking and reporting all transactions.
Con Questionable politics
Con It operates only in Argentine Pesos
This can be cumbersome if you are not in the region. The crypto coins are only exchanged using Argentine Pesos.
Con Slow customer support
They usually take hours to help you with your requests, should you have an issue.
