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Add to SafariWhen comparing Coinbase Bitcoin Wallet vs Satoshi Tango, 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 Satoshi Tango is ranked 12th. 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 Seriousness
Support staff conducts with seriousness and professionalism, and they are very watchful of regulations. They will be most likely operating for a long time. This is the biggest draw for people who want to declare their crypto for tax purposes in South America.
Pro It also allows you to pay your bills
You can pay your utility bills and recharge your prepaid phone using the site.
Pro You can buy multiple coins
You can buy BTC, ETH, LTC, XRP and BCH.
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 They deal primarily in Argentine Pesos
Although you can load up using USD as well, there are very few options for transferring USD.
Con They are overzealous of regulations
Each time you make a money transfer, or fill your wallet using any of the methods available, they will ask you for confirmation pictures, receipts, etc. This is common the first time using most exchanges, but Satoshi Tango asks you to prove and verify EVERY TIME. Not fit to buy bitcoin on a rush.
Con Its trading section is VERY rudimentary
It doesn't even have charts.
