Bitcoin Forum

I just saw one news that Coinbase recorded about 8 Million new users within one year. Also that Coinbase have about 30 Million users since its launch in 2012. news here: https://www.cryptoinformers.info/news/204-about-8-million-new-users-joined-coinbase-within-one-year

Do you think Binance have up-to 30 Million users compare to what Coinbase have?

When it comes to volume/liquidity then no doubt that Binance have much more users.It can be divided or sort out depending if we are talking
about total users per day or total users registered on both platforms.We dont have exact numbers here but it doesnt matter though yet we can
differentiate between Coinbase and Binance when it comes to exchange thing. Regulated vs Non?

Coinbase has been in the crypto business since 2012 while Binance launched its platform in 2017 only. So based on that I think Coinbase has more users but we don't know the exact numbers.

I can speculate that Binance may have around 10 million users as of this time and will continue to grow based on the strength of their BNB and the man himself, - CZ.

Not exactly sure find this is being used to exchanging Bitcoin into Fiat cash. So that might be the reason might be coinbase ahead then binance.
Since Binance have decentralised platform also we cannot say exactly coinbase alone completely have such number in their user base.

Why compare them, the Binance is the stock exchange and there the users mostly trade, and CoinBase is a good exchange of cryptocurrency for real money that many have known since 2012 and naturally more people use it.

I read this news about the strong growth of Coinbase users, but it’s impossible to say for sure that they have more users than Binance.

I want to believe the users here are the account sign ups amongst others
And having it that coinbase are for very few tokens; it can’t have the crowd that binance derive

Apart from the average users on binance; average trade by a user on binance is also high

I have been a user of coinbase as far back as my early days in crypto, that's around late 2016, I used coinbase alongside Blockchain wallet then, in my own view based on the trust I have for them since 2016, I believed it's should have more users than binance, although CZ reputation and trust can't be overemphasized in crypto space

No, Binance has more users than COinBase, Binance is having more than 60 million month visitor as compared to CoinBase. It will still take time before before COinBase and CO close this gap. For me the reason CoinBase is seeing this huge number by new users is because COinBase has started listing new Altcoins on ttheir exchanges

Not possible though if you are talking about the exchange's account because coibase not available for many countries but binance can be accessed by most people so they have high chance of users.

Maybe coinbase also reported their wallet users which made the numbers look huge.

Well, it seems to me that there are not so many users on binance as the exchange has not been working as coinbase for so long , but in the future I think it will definitely overtake !

coinbase is old and well known exchange, but for my opinion binance much more quality than others, I admire to trade on binance

There's no need to compare these two giant exchanges, they have been holding the biggest market share as exchange. I remember few years ago that coinbase has reported to have registrees of 1 million users every month.

Wow seriously? this is a lot of users then.

I think that today there is no top stock exchange  which is so popular as Binance. Thanks to their new Binance Dex and Binance Launchpad projects, they are at the top.

Coinbase is 5 years older than Binance but yet I think Binance has the most active users in the crypto world. Binance is not just an exchange, this is the number one crypto exchange with many unique services! I like Coinbase even than Binance because Coinbase is an emotion for me.

majority of coinbase users are coming from US while all of the crypto users around the world are using binance, that is having a lot of possibilities if the coinbase users are also the binance users too. Coinbase is listed an altcoin that fill all of the requirements that already made by SEc.

I don't have any idea about the exact numbers of members of Binance and Coinbase because it is also not shown on the coin market cap. ONly trading volume that proves that Binance is much better. About the numbers of members, we probably can see that it should be normal if Coinbase may have bigger members because it is since around 2012, more than Binance. Binance is created around 2017. But of course, I personally don't really think of the numbers of members, just see how we use the exchanges.

Indeed, it becomes some basis to know that a certain exchange is performing well and having a huge trust from them but it never just stop like than. Of course, it is a market volume that could bring more acceptance to the community.
It has to say that Coinbase has more users than of Binance but what traders are looking for is to have a secure and reliable market engagement. 

Looking at binance transactions that are bigger than coinbase, I think binance has more members. In my opinion, both exchangers are exchangers with a good reputation and are not a problem who has more members as long as the two exchangers guarantee the security of customer funds

• Coinbase got established years back, Binance which is young compared to coinbase
• Coinbase has regional services, dedicated for separate countries same as that of
  Binance started for US people
• Coinbase has got the fiat conversion fiat to bitcoin trading which isn't available with
  every exchange.
• Over the years with its enormous plan and unique ways of trading Binance took lead
  in the entire trading volume
• Another thing coinbase is a western centric exchange where you could find large
  number of users from specific countries

With this there will be some discussion which has got more userbase, both are much reputed exchanges serving the
cryptocurrency network with good trading volume and support. All these attributes to the growth of cryptocurrency
network, upon the same this doesn't need to be discussed big.

based on volume daily and liquidity maybe binance is have more users than coinbase but no one know exacly  :D

My gut feeling says Binance has a lot more users than Coinbase. That is because Binance is an unregulated exchange, thus allows users from anywhere in the world to start trading without proper KYC. While in Coinbase, users need to do KYC.

I think its not because im using Binance since 2017 thats why i believe that binance has more users compare to coinbase, According the data base on CMC coinbase volume is much lower compare to Binance in that case its clearly shows that binance is the worlds largest cryptocurrency exchange.

Binance will definitely have more users. And they have a lot more liquidity than coinbase many times. According to statistics, binance is the most profitable exchange every month. And coinbase is only 5th

I will go with Binance.
Reason. Country restrictions. Coinbase have been strict with that and I do think they want it left unchanged.

One more is because of Binance creating BNB. With that users can trade with a little payment needed for transactions using BNB.
They have pulled a lot of users who invested with it and are now in profit.

Coinbase is regulated exchange and even older than binance so based on my humble opinion coinbase is had more users than binance

I think Binance have more concurrent user than Coinbase. Even though Coinbase has about 30 Million users but since 2012.

Coinbase probably has a larger user base than Binance. Coinbase is here for a long time and it was the default wallet for the most of the early users of bitcoin. Still it's one of the best online multiwallet. It has increased the offering and quality of it's mobile wallet and has comparable transaction fees as of now.
Every people that have bitcoin doesn't necessarily trade. So, binance even is the largest crypto exchange, has a lesser number of users.

Coinbase may have more registered user than binance, if we are considering volume and active users binance has more active users than coinbase,  but if we are considering registered users, coinbase has more users than binance.

Certainly, Binance's users will be many times more than Coinbase because Binance is an exchange that attracts users worldwide. The reverse coinbase is limited only to US citizens, the number of coins listed on Binance is also higher than Coinbase. Therefore, in terms of both the number of users and the transaction volume, Binance is superior to Coinbase.

Exactly Coinbase has been here for long time and also has a good record because of their best support compared to other exchange so basically it’s coinbase is more users than Binance
No wonder they are the fastest growing exchange now and has a potential of growing more over years so let’s answer this question in the next 5 years for comparison because for now it’s not fair for Binance to Ben against coinbase

You are right, the time deference is also what we should look at, at least Coinbase existed 5 years before Binance, nonetheless. Binance  is doing great.

I do not believe that Coibase has more users than Binance. However, Binance was launched four years later, it is the fastest growing exchange with the highest amount of users. 2 years ago they have announced that they reached six million users and science that this number has at least trippled.

Statistics show this data. It depends and the number of users changes. Actually, most of us use at least 2-3 exchanges. Simply Binance has got more pairs, and it is more convenient to find there the needed altcoins, which are not available on the other exchanges (Coinbase is also meant). All of my friends are at Binance also, and we all additionally invest in BNB.

If we count newcomers then probably yes. Almost everyone start with Coinbase and after they buy some cryptocurrencies with FIAT money they will move to another exchanges.  ;)

Maybe Coinbase has more users, but it depends on active users and the daily trading volume. And Binance is winning in these 2 fields.  8)

So far I know that Coinbase has been created older than the Binance. So if it has bigger members, it is normal. However, we can see that now Binance is the biggest exchange, better than the others. So, it does not matter fo the amounts of the members, but what makes the members respectful and happy to be on the platform.

Coinbase is mainly focused on the European market and exchange is very complicated because you have to complete KYC to trade at this exchange. I think this is very inconvenient for everyone so Binance is a solution that can help investors be more comfortable in making money in this market. I personally use Binance to invest and Coinbase Wallet to keep the coin because this is one of the safest wallet I have used in the last 2 years.

Coinbase requires kyc, which many crypto users do not opt-out to. While, binance has no such restriction (except, for margin trading and higher withdrawals).

So I guess binance would surely have more users than coinbase.

I think comparing the two exchanges site seems right to me because the exchange has a different platform, rules, and regulations. Coinbase rules are to have legitimate users which make it impossible fake users to use the exchange site while most of the exchange site out there seems not to be bothered about such cases. however, coinbase is a billionaire company and to me, it will always be the exchange that have more users.

I think Coinbase has more users than Binance. Coinbase is here since 2021, I have been using it from late 2013! Binance on the trend from the end of 2017, they have huge trading volume than any other exchange, but still, coinbase seems to have more users.

I am not sure about the users. But when it come to volume, binance tops the chart. Even today they released a note in that.

Coinbase still not open in many country, i mean you can use it as your wallet.
but in my country everytime i access trade tokens it always says not available to your country.
I hope they can open it to all, as for now i think BINANCE still ahve the numbers due to this issue!

When you are compelled to obey all of Government's restrictions/regulations and are still able to get 8 million users in just a year,I think that is a feat binance will not be able to achieve under similar environment. I doubt if they do have as much users.

30 million accounts don't mean they all trade on Coinbase, because I know a lot of people choose Coinbase to store their Bitcoin. As for Binance, I don't know how many accounts are available but I'm sure the volume volume on Binance is always more than Coinbase

Daily binance transactions are currently greater than coinbase. Maybe there are more coinbase members but if you look at the number of transactions, I think the binance more bigger. For exchangers, the number of members who register is not a measure because the exchanger gets money from every transaction made by investors

Coinbase primarily caters to European customers and that makes the exchange always average trading volume but this can be considered the best investor protection exchange so Coinbase always has Great trust of investors. At this point Binance is dominating this market but the security of this exchange is still very poor so in the near future Binance will soon be replaced by a better exchange.

We don't know about that, and we could only predict and guess because I am sure coinbase or binance will not tell the real number to us. But that is not a problem as we have a different favorite website to trade and I am sure that people will choose their website by themselves. But binance have a chance to become bigger than now if they can reach more customer from all countries.

Coinbase is one of the big Exchange in crypto, I think from 2012 there are already, then the number of 30 million users is not extraordinary, speaking of binance, I see binance has a stronger market, then the possibility of binance through Coinbase is very reasonable, especially with BNB appears, then binance will be pushed even stronger.

what already offered by coinbase is very similar to binance but binance has more feature compared with the coinbase like binance use its own chain and launchpad feature. The basic trading fees is a basic fees that charger by the exchange site itself without using the utility token that can provide the discount. Binance has more users than coinbase.

Maybe Coinbase has more users because of the age difference between the two companies in question as Binance (though the biggest exchange at the moment) is younger. But I rate Coinbase higher than any exchange in cryptocurrency because of its pioneering role in championing the cause of cryptocurrency adoption across the globe. I mean, I have been able to purchase a service online with Coinbase as third party at it was efficient in delivery

Binance is likely to have less users. But those users that are now - rich. Binance has huge trading volumes and today they are increasing the growth rate .

It's not really comparing the same thing. Most people probably use coinbase to convert between crypto and fiat, but use Binance more for crypto to crypto trading. I do't really think a user comparison say much about either of them. Coinbase is a big crypto/fiat gateway, Binance is a big exchange.

Coinbase appears earlier than binance. So if you look at it in terms of users, of course coinbase has more users than binance, but I think binance also has a lot of users and I'm sure one day Binnance will have more users than now. because binance is a big exchange

For now binance is still the best exchange in the world and also the binance is used more than coinbase even though now they are almost the same in trading but in my opinion the best and most users are still at the moment

Everyone will surely prefer Binance right now over coinbase, coinbase was one of the most popular exchange then before Binance came to take people’s mind away from it. So many people may have registered on them before Binance and more exchanges came into existence, and the fact that some people have stopped using the exchanges would not mean that the figure of their registered user would decrease.

It is not about the numbers of users registered on them, it is about the number of active users that they have, and moreover, coinbase is almost 5 years older than Binance, Binance was launched in 2017, and if by 2019 their figure is already this high, you can now imagine what the figure would be in another 5 years’ time. I think Binance has more active users than coinbase.