Coinbase announces "Vault" for long-term storage
You have Bitcoin wallets for everyday spending, and you have cold-storage for keeping money safe. I believe Coinbase has found a happy medium, with the scale tipping towards security rather convenience. Its a rather good announcement, as what any reputable wallet maker has to achieve are two very conflicting mindsets seen below: Wallet is easy to use, with an intuitive interface that allows sending and receiving money with as little friction or resistance to the process. This usually means no verification or loopholes to jump through, as well as settings being tucked into corners where....
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Starting today, anyone can store his/her bitcoins in a Coinbase Vault. Earlier in July, the popular Bitcoin exchange, wallet, and payments processor - Coinbase, announced Coinbase Vault, a free, optional service for safer long-term Bitcoin storage. The Vault wasn't immediately available to all users, and was instead gradually rolled out. General availability was targeted for July 16th, and although Coinbase seems to have missed their target by a few days, the Vault is now available to all users worldwide. Features. The general recommendation for Bitcoin wallets is to store a small....
Coinbase Vault, first revealed a few months ago, has now implemented a multisig feature that has been demanded far and wide by Coinbase's international customer base. In one fell swoop, Coinbase has set themselves apart from their competitor, Circle, in a big way. Today, Coinbase announced their Multisig Vault, which allows users to control their own private keys on Coinbase. This means that even in the event of Coinbase's untimely demise, bitcoins "stored" in the Coinbase multisig vault would still be accessible to the user. Users would be able to use open source tools, like this one, to....
Physical coins are an interesting addition to the digital aspect of Bitcoin. Whereas it is not possible to physically hold your Bitcoin balance, there is a way to give them a physical representation by funding physical coins with BTC. Many manufacturers have been creating coins over the past few years, and Crypto Vault has unveiled its limited edition 24K gold plated and 0.5oz .999 fine silver Vault Coins. Crypto Vault entered the Bitcoin scene in March of 2015, when the young company announced its first product, “Vault Coin.” As the name suggests, Vault Coin is a physical coin that can be....
San Francisco-based Coinbase has announced a new account type for users who wish to securely store large amount of bitcoins outside of traditional account types. Dubbed The Vault, the product will sit as an option near the traditional account type, the Wallet, beginning today. So what exactly separates a Vault account from a traditional Wallet? According to Coinbase, using a Wallet is akin to carrying cash in your pocket. Using Vault, on the other hand, is more like using a savings account at the local bank. In terms of security, the Vault has three layers of protection. The first is....
Coinbase will soon be doing away with their $0.15 ACH fee charged on all buys and sells. The fifteen cent fee has long been a point of contention and Coinbase is making the move to bear the cost of interfacing with the legacy banking system themselves. In an Ask me Anything Coinbase AMA on Youtube, Coinbase heads Fred Ehrsam and Brian Armstrong have been asking user-generated questions pouring in from several social media founts. Ehrsam explained: Right now we pay miner's fees for our users. It's kind of the same idea. Most people probably don't want to think about them [the fees]. Also....