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  • 5 months later...
Posted

Any update to this? I'd like to accept Bitcoins through Blesta. 

 

Edit: this is really nice because it does the exchange instantly into your bank account, you never have the risk of holding on to BTC. 

Posted

It sounds like coinbase is a hosted bitcoin wallet. It's like keeping your money in the bank, except that bitcoins are not insured, and hackers have breached and stolen a lot of bitcoins in the past.

 

I'd be cautious, and suggest that you don't store too many coins in an online wallet. 

  • 4 weeks later...
Posted

It sounds like coinbase is a hosted bitcoin wallet. It's like keeping your money in the bank, except that bitcoins are not insured, and hackers have breached and stolen a lot of bitcoins in the past.

 

I'd be cautious, and suggest that you don't store too many coins in an online wallet. 

 

I'd agree that it's not a good idea to keep most of your bitcoins on an online wallet (blockchain.info is an exception because it works differently), but just wanted to note that coinbase is often used to immediately exchange bitcoins received for USD just like Bitpay.

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