Coinbase: What It Is, How It Works, and What You Need to Know
When you think of buying crypto in the U.S., Coinbase, a regulated cryptocurrency exchange founded in 2012 that lets users buy, sell, and store digital assets like Bitcoin and Ethereum. Also known as Coinbase Global, it's one of the few crypto platforms that went public and still follows strict U.S. financial rules. Unlike shady DeFi apps or anonymous DEXs, Coinbase acts like a bank for crypto—easy to use, but with limits. You can’t farm yield or trade obscure tokens here, but you won’t get hacked by a phishing link either. That’s why millions of beginners start here, and why some experienced traders leave for more freedom elsewhere.
What makes Coinbase different isn’t just its brand—it’s what it doesn’t do. It doesn’t host risky airdrops like XSUTER or fake meme coins like DOGE2.0. It doesn’t let you trade tokens tied to obscure exchanges like Bitcointry (BTTY). And it won’t let you trade under a fake name. That’s why it’s trusted by people who want to buy Bitcoin without getting scammed. But it also means you’re missing out on some of the wilder corners of crypto. If you’re looking for high-yield DeFi pools or low-fee DEXs like SushiSwap or ApeSwap, Coinbase won’t help you there. It’s a gateway, not a playground.
Still, for most people, that’s exactly what they need. You can link your bank account, buy Ethereum in minutes, and store it safely in a wallet Coinbase controls—or move it to your own. The app is clean, the support is decent, and the fees, while higher than some exchanges, are predictable. It’s also one of the few platforms that supports direct purchases with debit cards in the U.S. And if you’re curious about how crypto regulations work, Coinbase is a living example: it complies with SEC rules, reports to FinCEN, and even helps users understand tax forms. That’s why you’ll find it mentioned in guides about crypto exchanges, U.S. securities law, and even citizenship renunciation for tax purposes.
Below, you’ll find real reviews and breakdowns of platforms like Cryptomate, BICC Exchange, and Baby Doge Swap—some of which compete with or contrast Coinbase’s model. You’ll also see how crypto scams, exchange bans, and regulatory shifts affect what you can do on platforms like this. Whether you’re new or just checking if Coinbase is still worth it, the posts here cut through the noise and show you what actually matters.