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While starting the first blog in life,Every blogger have a little bit doubt in his mind whether to choose blogspot or WordPress platform for blogging???Some people don't even know that a blog can be used to monetize a good passive income online by displaying ads from different ad network. Some people create free blogs just for fun and sharing their ongoing life story.

Monetization purpose : If you are going to start blogging for earning money from blog and have no knowledge about SEO,backlink or don't know any way to get traffic then you should go for blogger as you don't have to spend money on hosting + Domain as blogspot is free service by Google and you can practice on it  to get traffic by reading SEO guides and implementing it on your blogspot blog and if by chance you get failed to monetize then your money will not be wasted for buying website.
But if after blogging on blogspot ,if you get good results then you can move to WordPress later on.
The current top Adsense earners of India also started their blogging journey on blogspot and later move blogspot to WordPress.

According to Security : In terms of security, WordPress is more vulnerable and hackers can easily hack it,I have seen several WordPress blogs got hacked but i haven't seen any blogspot blog hacked as blogspot is Google's free service and Google's security is very good and your blogspot blog will be secure like a Google,Gmail,Orkut A/c.So i prefer blogger in terms of security.

Blogspot Gadgets Vs WordPress Plugins : The WordPress plugins are more comfortable as you can use them in the way you want and their are thousands of free WordPress plugins by which you can customize your blog and make it SEO friendly,and give it a professional look.Some famous WordPress plugins are 
*All in one SEO pack for better search engine rankings,
*Akismet for spam protection.
*WP super cache for improving website's loading ,
*Yet another related posts plugin for showing links of  related posts automatically within your blog.

Permalink Customization : Whenever you create a blog post,then the URL of that post is called permalink.permalinks makes a great effect on the search engine rankings. WordPress permalinks can modified in the way you want but blogspot posts permalink can't be modified completely as the date can't be removed blogspot permalinks.