Yes, Coinbase is a Bitcoin company based in San Francisco, and backed by trusted investors. Each payment request uses a new address, which helps prevent other users from connecting Bitcoin addresses together. Bitcoin How Bitcoin Works. Coinbase Pro — also owned by Coinbase — has also seen a similar amount of growth. Coinbase users can buy or sell using a bank transfer, credit card or debit card, while enjoying high liquidity. There have been reports of extensively delayed payout periods, and bugs sometimes keep the site from running as efficiently as it could or should.