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Tuesday, 23 September 2014

Bitcoin wallet

Bitcoin, safe and easy. Coinbase (www.coinbase.com)  is an international digital wallet that allows you to securely buy, use, and accept bitcoin.
Funds are are stored securely online using bank level security, and you can remotely deactivate your device without losing your funds from the Coinbase website if you lose it. Transactions are instantly synced with your web account and across all your devices.
Features:
* Hook up your bank account to start buying and selling bitcoin in minutes.
* Send bitcoin via email, QR code, or NFC, with zero transaction fees.
* Bank level security means your bitcoins are safe.
* Connect multiple Coinbase accounts and easily switch between them
* Set a passcode to protect the app
* Remotely disable your phone's access if it is lost or stolen
* View your balance and the current bitcoin price with home screen widgets

one of the premier bitcoin wallet services in the world, launched their new website design today so I am taking the opportunity to review their service and tell everybody that I think it is time to open a bitcoin wallet.
I say this not only because I opened my own, but because while the majority are still analyzing if bitcoin will be a valid currency or not, I say it is a store of value, an exchange mechanism, and a unit of account, therefore it is already a currency.
The question then is where to open a bitcoin wallet. There are many services based in many countries, but Coinbase is a very appealing alternative for the regular consumer who needs a smart and practical solution.
Coinbase is a bitcoin wallet, a place where you can buy, sell, send, and receive bitcoins, and a solution for merchants to get paid in bitcoins.
This is a description of the Coinbase bitcoin service features:
It is compliant: The company is based in San Francisco in the US and they are compliant with state and national regulations regarding financial markets and money transfer rules. This is very good in an environment where some services are struggling with regulations and some others are plain shady.
It is connected to the US dollar financial system: Coinbase makes a point of providing an easy way to handle, buy, sell, and pay with bitcoins. Their wallet account can be linked to your regular bank account and this makes it easy and secure to exchange bitcoins with dollars and vice versa and thus to transfer money between your bank account and your Coinbase wallet.

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