When comparing Coinbase Bitcoin Wallet vs Spatium Keyless Bitcoin Wallet, the Slant community recommends Coinbase Bitcoin Wallet for most people. In the question“What are the best multi-currency software crypto wallets?” Coinbase Bitcoin Wallet is ranked 3rd while Spatium Keyless Bitcoin Wallet is ranked 9th. 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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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 Keyless technology
There is no Private Key. It is replaced with an encrypted set of secrets, distributed between user's device and professional security provider.
Pro Fiat/Crypto-to-crypto exchange
It is possible to purchase crypto with USD, GBP, EUR, etc. and swap crypto to crypto.
Pro Conditional authorization
You can improve security by establishing limits for transactions, adding addresses to Whitelist.
Pro 100+ coins and tokens
All popular coins and ERC-20 tokens
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.