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Blockchain VS Coinbase

Compare Blockchain VS Coinbase and see what are their differences

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  2. » Videos
  3. » Reviews
  4. » Alternatives

Blockchain logo Blockchain

Blockchain is the world's most trusted all-in-one crypto company. We're connecting the world to the future of finance through our suite of products including the leading crypto wallet, bitcoin explorer, and market information.

Coinbase logo Coinbase

Bitcoin, safe and easy.
  • Blockchain Landing page
    Landing page //
    2022-05-26
  • Coinbase Landing page
    Landing page //
    2018-09-30

Blockchain features and specs

  • Security
    Blockchain provides strong security features, as each transaction is encrypted and linked to the previous one. This makes it highly resistant to fraud and hacking.
  • Transparency
    All transactions on the blockchain are publicly accessible and verifiable, which increases transparency and trust among users.
  • Decentralization
    Blockchain operates on a decentralized network, which reduces the reliance on a central authority and increases system robustness and uptime.
  • Immutability
    Once data is recorded on the blockchain, it cannot be altered or deleted, ensuring the integrity and consistency of the data over time.
  • Efficiency
    Blockchain can streamline and automate processes such as cross-border payments, reducing transaction times and costs.

Possible disadvantages of Blockchain

  • Scalability
    Blockchain networks often face issues with scalability, as the system can become slow and less efficient as the number of transactions increases.
  • Energy Consumption
    Blockchain, especially proof-of-work-based networks like Bitcoin, require substantial computational power, leading to high energy consumption.
  • Regulatory Uncertainty
    The legal and regulatory environment for blockchain technology is still evolving, which can create uncertainty and compliance challenges.
  • Complexity
    Implementing and maintaining a blockchain system can be complex and require specialized knowledge and skills, which might not be readily available.
  • Data Privacy
    While blockchain ensures transparency, it can also be a double-edged sword as the data is publicly accessible, posing privacy concerns for sensitive information.

Coinbase features and specs

  • User-Friendly Interface
    Coinbase offers an intuitive and easy-to-use interface that is ideal for beginners in the cryptocurrency space.
  • High Liquidity
    Coinbase has high liquidity, allowing users to buy and sell cryptocurrencies quickly without significant price slippage.
  • Security Features
    Coinbase employs robust security measures, including two-factor authentication (2FA), insurance against breaches, and cold storage for the majority of users' funds.
  • Wide Range of Cryptocurrencies
    The platform supports a broad selection of cryptocurrencies, making it easier for users to diversify their portfolios.
  • Educational Resources
    Coinbase provides educational content to help users understand cryptocurrency and blockchain technology better.
  • Regulatory Compliance
    Coinbase adheres to stringent regulatory standards, providing a sense of legitimacy and trust for users.
  • Mobile App
    Coinbase offers a mobile app with full functionality, allowing users to manage their portfolio on the go.

Possible disadvantages of Coinbase

  • High Fees
    Coinbase charges relatively high transaction fees compared to other exchange platforms, which can eat into users' profits.
  • Limited Advanced Trading Features
    While it offers a user-friendly experience, Coinbase lacks some of the advanced trading tools and features available on other platforms.
  • Customer Support
    Some users have reported delays and difficulties when trying to reach Coinbase's customer support.
  • Account Freezes
    There have been instances where users have experienced sudden account freezes, which can be problematic when trying to access funds.
  • Know Your Customer (KYC) Requirements
    Coinbase requires extensive personal identification information, which can be off-putting for users who prioritize privacy.
  • Geographic Restrictions
    Certain features and services on Coinbase are limited or unavailable in specific geographic regions.

Blockchain videos

+ Add

Blockchain Review & Tutorial 2021: Beginners Guide to Blockchain.com

Coinbase videos

+ Add

Is Coinbase Safe | My Coinbase Review (3 Things YOU NEED To Look For)

More videos:

  • Review - Coinbase Commerce vs Bitpay Merchant Services - The Ultimate Crypto Payment Gateway
  • Review - Best Crypto Cards 2020 - Crypto.com Review CRO, Coinbase Card, Crypterium Debit Card & More!
  • Review - Coinbase Review 2020 - Make That Crypto Money
  • Review - Coinbase App Review - Coinbase Bitcoin Wallet
  • Review - Coinbase Review in 2 minutes (2023 Updated)
  • Review - Coinbase Review: DO NOT Sign Up Until You Watch This! 🤯
  • Review - 📛Why isn't the media telling you this about Coinbase?

Category Popularity

0-100% (relative to Blockchain and Coinbase)

Blockchain

Coinbase

Cryptocurrencies
8 8%
Cryptocurrencies
92% 92
Crypto
7 7%
Crypto
93% 93
Cryptocurrency Exchange
13 13%
Cryptocurrency Exchange
87% 87
Cryptocurrency Wallets
4 4%
Cryptocurrency Wallets
96% 96

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Blockchain and Coinbase

Blockchain Reviews

We have no reviews of Blockchain yet.
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Coinbase Reviews

  1. shah7
    · Admin at Coin Master ·
    Coinbase is Love

    One of the main benefits of Coinbase is its extensive security measures, which include offline storage for a majority of the company's cryptocurrency holdings and advanced security measures for online storage. Additionally, Coinbase is licensed and regulated by several financial authorities, which helps to provide users with a certain level of confidence in the security of their funds.

Best Crypto Payment Gateways 2024
– Real-time Conversion: Coinbase Commerce offers real-time conversion of cryptocurrencies into fiat currency, mitigating price volatility concerns for merchants. This feature enables seamless transactions without the need for manual conversions or additional steps.
Source: bitcoinist.com
9 Best Cryptocurrency Payment Gateways Reviewed [January 2023]
Coinbase Commerce allows small and medium scale businesses to accept crypto payments from customers. Being one of the best crypto exchange platforms, Coinbase supports a wide range of cryptocurrencies. Its Coinbase Pro platform has advanced features to serve professional traders. Businesses can create invoices, simple hosted checkouts, and Coinbase payment buttons using this...
Source: coingape.com
Top Crypto and Bitcoin Payment Processors - Accept Digital Currencies
Moreover, Coinbase Commerce charges only a 1% transaction fee, which is insignificant compared to the benefits it provides. It’s important to mention here that Coinbase Commerce offers the first US$1 million worth of transactions for free, making it one of the cheapest payment processors available today. All in all, if you’re seeking a professional and reliable payment...
Source: originstamp.com
6 Best Coinbase Alternatives for 2022
Coinbase opens the door to the world of cryptocurrencies for many investors. It focuses on simplicity, providing easy access to over 100 cryptocurrencies through a well-designed app, where users buy, sell, and exchange crypto with ease.
Source: investingintheweb.com
Best Crypto Exchanges in Europe in 2022 (Ranked and Reviewed)
While Coinbase is known for its simplicity, the platform has higher transaction fees than its competitors. Users also tend to complain about its customer service, saying that it is hard to contact other humans, with the service being primarily automated. Finally, Coinbase Europe is not a regulated financial service provider for digital currency services.
Source: investingintheweb.com

Social recommendations and mentions

Blockchain might be a bit more popular than Coinbase. We know about 511 links to it since March 2021 and only 454 links to Coinbase. 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.

Blockchain mentions (511)

  • i lost over $3000 to blockchain.com
    I used blockchain.com back in 2015. I remembered back in the day they gave you a private key for all your addresses. Looks like they don't now with their newer wallets. Source: over 1 year ago
  • i lost over $3000 to blockchain.com
    In blockchain.com u dont actually own the address, you can access your account, but the address is all blockchain property, so they choose which address you have access to and so forth. Source: over 1 year ago
  • best crypto wallet app
    I use blockchain.com as the receiving wallet because they wallet address changes often and some of these ghetto ass sites don't let you withdrawal to the same one more than once. Source: over 1 year ago
  • Older wallet, higher fees?
    So says blockchain.com. Is it true, and if so is there a way to update/replace my Electrum wallet to pay lower fees in the future? Source: over 1 year ago
  • What is your thoughts on SOFI?
    This is anecdotal and I have no idea what it means for SOFI business wise or stock wise moving forward but they just sent me a notice that they are no longer offering any forms of crypto buying or investing and they are selling/giving their current crypto customers to blockchain.com in a few weeks. Source: over 1 year ago
View more

Coinbase mentions (454)

  • Ask HN: Who is hiring? (June 2024)
    - We move at the pace of a startup, with value to full stack skillset, shipping fast, total ownership - Senior Product Manager, ideally ex-engineer, who has built API products before and written documentation - Engineering Manager for our Commerce team ( https://commerce.coinbase.com/ ) Send your github or resume to nemil.dalal+hn /at Coinbase's domain name. - Source: Hacker News / 12 months ago
  • reset password email never shows
    I have been trying to regain access to my account FOR OVER TWO FUCKING YEARS... The website only leads me in circles with no resolution, the reset password email NEVER shows up.. Yes I have checked my spam folder, yes I have searched for @coinbase.com in my emails search bar, yes I have contacted my email service provider whom states they cant even locate the emails being sent... I just need to reset my password... Source: over 1 year ago
  • Over $50k was stolen from my account!!!
    Late (2am) on the 26th, I received 3 text messages indicating the BTC (and ETH) being sent from my account are being delayed for security reasons. The text had a link (to a coinbase.com domain) to disable my account by clicking on the link. I did so for all 3 transactions (no login was required as it was a token based string) at around 6am when I saw the texts. Source: over 1 year ago
  • Accept Term problem
    I got an e-mail that my account will be discontinued on Sept 25, and I should withdraw my funds. But after log in, I'm stuck on accept term, using app mobile, coinbase.com (firefox, google chrome , and safari) I tried also to connect to VPN but nothing happens. Source: over 1 year ago
  • Withdrawing money from Binance in the UK - how?
    I do have an existing Coinbase.com account if that makes any difference? Source: over 1 year ago
View more

What are some alternatives?

When comparing Blockchain and Coinbase, you can also consider the following products

Bitcoin Wallet - Bitcoin Wallet is a mobile application that allows you to send and receive digital currencies.

Binance - Cryptocurrencies exchange platform

Bitfinex - Bitfinex is the largest and most advanced crypto-currencies trading platform.

BitStamp - Provide reliable and easy to use service for companies and individuals to exchange bitcoins.

BitPay - Bitcoin payment gateway. Enterprise-grade solutions, from the pioneer of bitcoin payments.

Mycelium Bitcoin Wallet - With the Mycelium Bitcoin Wallet you can send and receive Bitcoins using your mobile phone.

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