Post
Topic
Board Web Wallets
Re: blockchain fee and alternatives
by
Findingnemo
on 02/09/2019, 03:52:00 UTC
But if you really want the hot wallet like blockchain then I suggest you to go with coinbase which is error free when compared to blockchain which have lot of errors to often in my experience.But its not a safe wallet if you want to hold your bitcoins there.
Coinbase is an exchange, not an online wallet platform-- people have used them as a wallet for years now, but that's not what it is meant for. Based on that I would just recommend people to use an SPV client, much better and more control.

Also, Coinbase no longer allows you to freely use their platform like they used to do before they changed their terms-- verification is mandatory, so one more aspect that makes Coinbase a bad platform to use for that purpose.

The benefit of an SPV client such as Electrum is that you can use RBF, which comes really handy in case a large service processes a lot of withdrawals at once, which then causes the fees to spike up. One fee bump can save you hours of waiting. Smiley
I am talking about the coinbase android walllet which is designed for trading purpose but still good one for less storing purpose.I am using it for months for sending smaller transactions and holding nearly $1500 of bitcoin on it because their fee is not too high like blockchain priority fee but still it will be confirmed in 15-20 mins which still decent enough for me and my needs.