Here’s the Deal

Coinbase Bitcoin Wallet vs Buttercoin

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When comparing Coinbase Bitcoin Wallet vs Buttercoin, 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 Buttercoin is ranked 8th. 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.

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Common Questions

What are the best ways to buy/sell bitcoin?

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
Fast and Easy

The site is very intuitive and depositing dollars was fast and easy. The whole process from on-boarding to buying my first bitcoin with them took about 2 days. When I sold my bitcoin, the withdrawal landed in my bank account on the same day. Also, support is super helpful and very friendly.

Pro
US Based Bank

Pro
First Wall Street investment in bitcoin

Pro
Secure

They are fanatical about security and put a tremendous amount of effort into finding and fixing vulnerabilities before shipping new code. There's even a bug bounty program.

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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.