Coinbase does allow you to Bitcoin wallet, and you could Coinbase exchange to another Bitcoin or other secure location without Bitcoin for day-to-day transactions, too.
In contrast, when using a centralized exchange, users entrust their funds to the platform, which could potentially lead to issues if the exchange experiences downtime or suffers a security breach. Depending on a sum and particular cryptocurrency, the fees may vary a lot but generally, they are taken in percentage and appear to be much bigger than pure network fees. Is it possible that you lose the private keys? Summary If you buy cryptocurrency on a crypto exchange , it is immediately stored in your exchange-hosted wallet where, typically, the exchange controls your private key.
