Coinbase for Web
Coinbase is a web wallet service that aims to be easy
to use. It also provides an Android web wallet app, merchant tools and
integration with US bank accounts to buy and sell bitcoins.Money controlled by a third party:-
This service has full control over your bitcoins. This
means you need to trust this service will not lose your funds in an incident on
their side. As of today, most web wallets don't insure their deposits like a
bank, and many such services have suffered from security breaches in the past.
Centralized:-
This wallet relies on a centralized service by default.
This means a third party must be trusted to not hide or simulate payments.
Remote app:-
This wallet is loaded from a remote location. This
means that whenever you use your wallet, you need to trust the developers not
to steal or lose your bitcoins in an incident on their site. Using a browser
extension or mobile app, if available, can reduce that risk.
Vulnerable environment:-
This wallet can be loaded on computers which are
vulnerable to malware. Securing your computer, using a strong passphrase,
moving most of your funds to cold storage or enabling two-factor authentication
can make it harder to steal on your bitcoins.
Basic privacy:-
Prevents spying on your payments:
This wallet makes it harder to spy on your balance and
payments by rotating addresses. You should still take care to use a new Bitcoin
address each time you request payment.
Discloses information to a third party:
This service can associate your payments together, log
your IP address and know your real identity if you provide personal information
like your email, name or banking account.
Tor can be used:
This wallet lets you setup and use Tor as a proxy to
prevent attackers or Internet service providers from associating your payments
with your IP address.
