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Block.io VS Toshi

Compare Block.io VS Toshi and see what are their differences

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Block.io logo Block.io

Block.io is the safe and powerful wallet for your coins that conveniently manage your bitcoin, dogecoin, and litecoin by using a single platform.

Toshi logo Toshi

A browser for the Ethereum network
  • Block.io Landing page
    Landing page //
    2021-07-05
  • Toshi Landing page
    Landing page //
    2023-10-11

Block.io features and specs

  • User-Friendly Interface
    Block.io offers an intuitive and easy-to-use interface, making it accessible for beginners who want to engage in cryptocurrency transactions without technical barriers.
  • Multi-Currency Support
    Block.io supports multiple cryptocurrencies, allowing users to manage various digital assets from a single platform.
  • Security Features
    With features like multi-signature wallets and cold storage options, Block.io prioritizes the security of users' funds, reducing the risk of unauthorized access.
  • API Integration
    Block.io provides robust API support for developers, facilitating seamless integration with other applications and services for various use-cases like payment processing.
  • Automated Backup
    The platform offers automatic backup of wallet data, which ensures that users can recover their assets in the event of data loss.

Possible disadvantages of Block.io

  • Centralization Risk
    As a custodial service, users are required to trust Block.io with their private keys, which introduces a risk if the platform itself is compromised.
  • Limited Advanced Features
    Compared to other cryptocurrency platforms, Block.io might lack some advanced features that experienced traders and developers might require.
  • Transactional Fees
    Block.io charges fees for transactions and other services, which could be higher compared to using native blockchain networks directly.
  • Dependency on Service Uptime
    Users' access to funds and transactions relies on Block.io's server and service uptime, potentially posing a risk if the service is down.
  • Regulatory Challenges
    Operating as a centralized service, Block.io might face regulatory challenges in certain jurisdictions, affecting its operational stability and user accessibility.

Toshi features and specs

  • Ease of Use
    Toshi is designed with a user-friendly interface, making it easy for both beginners and experienced users to navigate and manage their cryptocurrency assets.
  • Integrated DApp Browser
    The wallet includes a built-in decentralized application (DApp) browser, allowing users to easily access and interact with a variety of DApps directly from the wallet.
  • Security
    Toshi prioritizes the security of users' funds and personal information, offering features like private key control, secure login, and biometric authentication.
  • Multi-Currency Support
    Supports a wide range of cryptocurrencies, enabling users to manage different assets within a single wallet.
  • Integration with Coinbase
    As part of the Coinbase ecosystem, Toshi offers seamless integration with Coinbase's services, allowing for easy transfers between Coinbase accounts and the wallet.

Possible disadvantages of Toshi

  • Dependency on Coinbase
    Being part of the Coinbase ecosystem might limit the wallet’s independence, potentially affecting its functionality if there are changes in Coinbase’s policies or infrastructure.
  • Limited Non-Custodial Features
    While Toshi offers robust security features, some functionalities offered by other non-custodial wallets, which provide total control over private keys, might be limited.
  • Internet Connection Requirement
    As with most online wallets, it requires an internet connection to access and manage assets, which could be a drawback for users in areas with poor connectivity.
  • Potential for Centralization
    Integration with Coinbase, a centralized entity, may introduce elements of centralization, which could concern users who prioritize complete decentralization for privacy or ideological reasons.
  • Geographical Restrictions
    Certain features and functionalities might be restricted in specific regions due to regulatory issues, limiting accessibility for some users.

Analysis of Block.io

Overall verdict

  • Block.io is considered a good option for those who require a reliable and secure API for managing cryptocurrency transactions. Its ease of use, security features, and support for multiple cryptocurrencies make it a convenient choice for developers and businesses.

Why this product is good

  • Block.io provides a user-friendly API for managing Bitcoin, Litecoin, and Dogecoin wallets. It offers features such as multi-signature wallets, instant withdrawals, and a focus on security with PIN-protected systems. The service is beneficial for developers and businesses looking to integrate cryptocurrency transactions into their applications without dealing with the complexities of blockchain management.

Recommended for

  • Developers building cryptocurrency applications
  • Businesses looking to integrate cryptocurrency transactions
  • Users who need multi-signature wallets for enhanced security
  • Anyone wanting to simplify cryptocurrency transactions with an API

Analysis of Toshi

Overall verdict

  • Coinbase Wallet (formerly Toshi) is generally considered a good option for those seeking a secure and user-friendly cryptocurrency wallet. Its strong ties to Coinbase provide additional reliability and support, making it suitable for both beginners and experienced users.

Why this product is good

  • Toshi, now integrated into Coinbase Wallet, offers a seamless user experience for managing and storing cryptocurrencies. It provides enhanced security features, such as private key encryption and multi-signature support, making it a reliable choice for users interested in securing their digital assets. Additionally, its integration with Coinbase simplifies the process of buying, selling, and transferring cryptocurrencies, while also offering support for decentralized applications (dApps) and a wide range of tokens.

Recommended for

  • Individuals seeking a secure and easy-to-use cryptocurrency wallet.
  • Users who frequently interact with dApps and need a wallet that supports them.
  • Current Coinbase users looking for an integrated wallet solution.
  • Cryptocurrency enthusiasts interested in storing a variety of tokens and engaging in DeFi activities.

Block.io videos

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Toshi videos

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Toshi Watch Straps

More videos:

  • Review - Toshi Station M1911 Toy Gun Review

Category Popularity

0-100% (relative to Block.io and Toshi)

Block.io

Toshi

Cryptocurrencies
12 12%
Cryptocurrencies
88% 88
Cryptocurrency Wallets
12 12%
Cryptocurrency Wallets
88% 88
Crypto
0 0%
Crypto
100% 100
Business & Commerce
100 100%
Business & Commerce
0% 0

User comments

Share your experience with using Block.io and Toshi. For example, how are they different and which one is better?
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Social recommendations and mentions

Based on our record, Toshi should be more popular than Block.io. It has been mentiond 37 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Block.io mentions (14)

  • Communicate with the block.io company
    Does anyone know a way to be able to communicate directly with block.io management / CEO. Source: about 2 years ago
  • NEED HELP
    OK so I signed up to block.io. It looks dodgy AF to me! But the backup contains an xprv and a bip39 seed phrase... Unfortunately I can't make them make matching addresses. I suggest trying to restore the seed into a mobile wallet like Coinomi and see if it can find your funds. Source: over 2 years ago
  • Block.io locked me out of my account. how can i sweep all my coins with my private keys
    We run a crypto ATM and fortunately the manufacturer contacted them on our behalf about the account lock and managed to unlock it. When we tried to email block.io, it was always NO reply EVER. We tried emailing about a different topic on a different email address and they replied within the day so they clearly saw the emails but refused to reply. Source: over 2 years ago
  • Block.io locked me out of my account. how can i sweep all my coins with my private keys
    I got locked out of my block.io account for no reason. Thankfully I was able to get my private keys. Source: over 2 years ago
  • block.io issues
    Block.io support can you give a detailed explanation on how to export or sweep btc from block.io wallet to another external wallet using private keys from block.io. Source: over 2 years ago
View more

Toshi mentions (37)

  • Bokeverse - The decentralised 2D Open World RPG
    MetaMask, Coinbase or any other wallet that supports the Ethereum network. - Source: dev.to / over 2 years ago
  • Coinbase Cloud Node & NFT APIs
    An NFT on Ethereum Mainnet (NFT Contract address and NFT ID number). - Source: dev.to / over 2 years ago
  • Are there any plans to add Bitcoin support to the Coinbase Wallet on PC?
    I created a Coinbase Wallet following the link from https://wallet.coinbase.com to install a Web browser extension but was disappointed to see it doesn't support BTC. Apparently, only the mobile app versions of the Coinbase Wallet support BTC. Are there any plans to add that functionality to the desktop version of the wallet? Source: almost 3 years ago
  • I lost over $50,000 from a DApp phishing mining pool scam in Coinbase Wallet
    A few days ago, all my money, $58,797, in my Coinbase Wallet was drained from my wallet without me knowing about it until I opened my wallet. Source: almost 3 years ago
  • Coinbase’s NFT Marketplace Opens to All, But Users Don’t Show Up
    Go set up your new profile now → http://nft.coinbase.com. Source: about 3 years ago
View more

What are some alternatives?

When comparing Block.io and Toshi, you can also consider the following products

MyEtherWallet - MyEtherWallet is a free, open-source, client-side interface.

Jaxx - Jaxx.io is a blockchain wallet available as desktop software, a mobile app, or as a Chrome extension

Exodus.io - All-in-one app to secure, manage and exchange blockchain assets.

Trezor.io - The Hardware Bitcoin Wallet

Atomic Wallet - Secure cryptocurrency wallet for Bitcoin, Ethereum, Ripple, Litecoin, Stellar and over 500 tokens. Exchange and buy crypto for USD with credit card in seconds.

MetaMask.io - A crypto wallet & gateway to blockchain apps

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