True is they are constantly improving, but will still being a custodial and, as you mentioned, vulnerable to censorship and confiscation at any moment. They have obviously budget to run marketing and easily engage newbies, compared with small open source projects that more rely (or have only access to) on community engagement and word of mouth.

Again, this is a reminder to avoid custodians, or any third party that might seem it's helping. Be responsible, or at least try to learn to be responsible. Ask questions if you are unsure.

supratic

bitcoin_beginners

Lesson learned from the death of Mt. Gox! Do you remember?

In defense of custodial solutions, I think most people who don't already have Bitcoin are probably better served by a custodian. There are so many ways to lose your coins with self custody. Coinbase is old AF without breaches. And now that there are hybrid multisig solutions, there are even more options.

The biggest looming threat in my mind is government censorship or confiscation of Bitcoin from custody, but that would be met with lawsuits anyway... 