I'm thinking of buying Bitcoin and other crypto currencies. Crypto noob here. Created an account on Coinbase but the site & app behave strangely. Not confidence building. I came across tons of reddit posts about how bitcoin balances on Coinbase are not actual bitcoins but IOU promises etc etc.
What do you guys recommend if I do not want to use Coinbase and something that is legit? Or is Coinbase the real deal?
There’s plenty of people online who spread inaccurate or exceptional circumstances from time to time but the vast majority of users are happy with our services.
Yes, we hold custody of your crypto until you send it offsite. That’s true of every exchange and not unique. (Ok crypto nerds I’m quite aware of DEXs and you need a fiat bridge to get into those on the first place). There are exchanges that do that and also don’t allow you to send it anywhere. I’d recommend avoiding those. On Coinbase you can send it wherever you want and then do whatever you want. But if you don’t want to deal with the complexity of doing that we’ll make sure to keep track of it for you for free.