Bitcoin Forum

In 2017, Nearly 50000 users in a day were singing up on Coin base.  In my view, more number of people are now engaged about the blockchain mainstream
than 2017. Curious minds to know “How many people are joining with their exchange now? Is this really increasing or what?

Coinbase currently says it has more than 30 million users. One year ago, they said that they have more than 20 million users. That's a gain of 10 million, or about 30,000 per day. Keep in mind that these numbers are very imprecise, but you still can get an idea of the scale.

Very well indeed. That is a huge growth on coinbase adding users to commit to crypto space, that user number is a heck lot. I suppose the OP is exaggerating the number of signages a day for a year estimating nearly 50000, if that's the case then we could be in a hundred million now. But also keep in mind that all accounts created and addresses generated that time was not in 1 is to 1 ratio, I, myself roughly have 2 to 4 accounts on coinbase which has been forgotten and loss so unspecifically the user growth is indefinite.

Well, I don't really take users signing up on a pro-government-controlled site for trading bitcoins as a good thing. The adaption is due to the fact that everyone wants to become rich or double their bitcoins or want to invest in some and that's why Coinbase is the preferred platform since they are quite a corporate company. Trading bitcoins is going mainstream and not the actual application of the blokchain. Coinbase itself is highly centralized which beats all the rules of a peer to peer network.

Coinbase is the starting exchange for many. That is why the exchange has such an amount of customers. However, this is not an exact figure, I think there are much fewer active users

i don't know how they promoted coinbase that it got that much signups but really i wouldn't believe it if those new signups are actively trading. some just tried using the credit card of their father buying some BAT and some cheap coins and store the coins in there. not knowing that coinbase can also do an exit scam one day. those newly registered users are the most innocents of all so buying using the credit cards of their parents and hopes the cheap coins they got will turn thousands in the future.

I believe that people who signed up in a cryptocurrency exchange are increasing because of the widespread awareness about cryptocurrency.  for someone to get into the crypto market, they need to have an account to an exchange to be able to get a hold of some cryptocurrency.  I agree that others prefer p2p but the majority of the new comer often go to an exchange to buy their first cryptocurrency and coinbase is one of the most popular go to exchange for a new comer.

I recently saw an article that said coinbase holds 9 billion in bitcoin in their coldwallet.  Anything you hear from coinbase about trying to promote bitcoin to make it seem like a wise investment should be met with skepticism.  Even if they are legal.  This isn't a reason to sell your soul for bitcoin.

I think the numbers are growing because this is normal for every big Internet business. They aren't removing accounts and even if they were people who resign from a site very rarely request their accounts to be removed. Coinbase also gives some money for making an account and referring people which means that every year they will have more new users even if some of them will turn inactive.

A better question would be how many active users they have and if this number keeps growing.

Do you guys really have a feeling crypto user numbers are growing at that rapid speed?

How come the price gets so easily depressed. If 10 million people would hold 1 BTC each and not sell, the price would be much more stable. The rest of Bitcoin which are in the wild have not moved for years.

So something s not right there.

Of course, users have increased, especially Coinbase, one of the exchanges that have a quite high web traffic. Although it does not provide high accuracy, we can assume that the higher the traffic can also show the number of members also increased. Regarding the exact number of members, I don't know, if you are really curious, I think it would be more appropriate if you asked the information directly on the official Coinbase contact :)

Some things happens in bear market that makes all the exchanges compromise, even the American exchanges that is known for credibility. The news of wash trading in coinbase recently surprised me. These are the richest in bitcoin of all the exchanges, why the compromise? They want to keep the hype. if the exchanges have about 2 million of bitcoin they capable of manipulation as well.

And I think also that some of them are already abandoned by the owners just what you did and maybe only half of its numbers are active. But not bad to know that it was growing big and this simply means that Coinbase did something great that attracts investors and traders to make use of their services. Only I could hope that they could sustain their reputation and give their best shot to help it works fine.

Many people are into cryptocurrency, and I believe it is really increasing at a rapid speed, but the problem is, majority of these people are not into Bitcoin but rather altcoins that were promoted aggressively by its project owner.  Imagine how many new cryptocurrency are created every month and how many people are investing in it.

2 years has passed so expect that there are more people that are now into crypto and have invested into bitcoin. As for the blockchain technology, they really wouldn't care about it because this is more of a corporate opportunity and innovation.

I can't find the current stats of it. But base on this article which was published last March 2018: Binance Now Has More Users Than the Population of Hong Kong (https://www.financemagnates.com/cryptocurrency/news/cryptocurrencynewsbinance-has-more-users-than-the-population-of-its-home-state/)

Binance has around 7.9 million users registered last year so I'm expecting that it has added around 1 million users within a year or even more than that.

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You guys should tell it like it is.  Coinbase started legitimate but it will get itself into legal trouble if it's paying people to promote bitcoin articles at wrong times.  

Everyone basically has to use coinbase to cash out unless they're literally a terrorist or a hacker and even I do but I don't support them trying to brainwash people or pay people to write fake articles about the price of bitcoin.  Whether or not "they" "would like" to think its going to go up (or gosh forbid, and I shouldn't have to put this comment in parenthesis) go down, it's not their business to get involved in the media.  

If they don't have experience and aren't aware of felonies that happen now everyday in bitcoin it's not ok for them to say "i like bitcoin, buy it, i have a lot." Obviously biased and not acknoledging any problems or considering the dangers of trying to force traders into buying something that's not meant to go up or something right now.   Not trying to spread "fud" but that's usually what it is.

Something out there thinks its going to be ok if they keep acting like being whats called a "perma-bull"  as if trying to harass traders and the world into forcefully giving up their money to invest in bitcoin isn't going to get them into a deep pile of bear crap, a ruined life, and possibly a jail sentence for life.

In any case, this is a very good trend.This means that the market is really gaining popularity around the world.If in General we would have statistics on all cryptocurrency exchanges, the progress is just obvious.

It would be good it it wasn't combined with the recent article I found publishing how much coinbase has in their coldwallet.
If they paid someone to publish that it's awfully suspicious and can lead to wash trading.  

Coinbase is good but if they're doing crap like that it's bad.

The answer is quite obvious. As the number of days are passing by, more people are hearing about bitcoin and blockchain. They hear about how people are making profits easily when the price is rising and how they are making transactions easily from one country to another with minimum fee. Thus, they become curious and starts joining and investing on bitcoin. Since, coinbase is an easy wallet to use, they usually signup on coinbase and choose their wallet to start with.
Not exactly sure how many users are joining coinbase now, but can say that the number of people that has joined is more than previous years.

Binance as well have a lot of signs up in 2017, I still remember that they have to cancel it's registration because of the huge influx of traders wanted to join them. We can't really tell how many are joining Coinbase as of this date as there are lots of newbies joining the crypto sphere everyday. Wait till the next bull run, and I'm sure those numbers will double, because of FOMO.

If adoption to progress, it should be increasing, and it should be increasing now once there are a halving coming and a piece of good news on the community, Coinbase membership is one of the parameters if the adoption is progressing, every new investor will an account here, especially now that Coinbase is offering a lot of airdrops to new users.

Coinbase still requires volume quality testing from its users.

For the 2017-2018 period they are very interesting because they are closely related to plans to go public by conducting an IPO, but I don't see the news this year. 2019 there is no striking coinbase news apart from their activities in pursuing a target trading volume of 1000% completing a scenario like two years ago. they still need new users for it.

People jumping in the 2017 bandwagon were fools. They were the same ones that trashed bitcoin immediately after it suffered its huge loss and then never touched the currency again. I don't think that type of immediate engagement is healthy because those users aren't the ones that are using Bitcoin for its technology or for mainstream adoption, they're looking at Bitcoin as number that increases so they can sell for a profit. Not that there's anything particularly wrong with that, but those people are looking at the current price of Bitcoin and using it as a scapegoat for poor investment choices and for their fear of missing out. Steady engagement with investors that understand and appreciate Bitcoin for what its technological worth and viability as a currency are what's needed, not clueless losers that can barely use a smartphone.

I won't touch them. I refuse to. I only use dex exchange. Only when doing fiat will I use cex but it will not be with coinbase. I just don't trust them with my KYC too little is known about them and you always hear of these big exchanges being hacked when people talk about exchange security and it scares me so I prefer a smaller exchange that is lesser known. You need to be careful with a smaller exchange and test them out with some trades and withdraws and deposits. Like with everything you need to do your research and see what others say and what problems they have faced. Plus I think coinbase has enough money.

But the fact is that Coindase could fake the number of registered users..

In my opinion there will definitely be an increase in the number of registers on coinbase, indeed I don't know how many users have increased
from coinbase. But if you see the rapid growth of cryptocurrency, the impact on the increasing number of people registering on various exchanges.
Besides coinbase, large exchanges such as binance are flooded with people who register. Even the binance had closed its registration exchanges
because there were too many people who register. We'll see that in 2020 there will be a bull run that can make the coinbase increase again due
to the large number of users newbies who will register because of FOMO. The development of crypto has indeed increased from year to year.

It might be possible but I hope they won't cause it affects their reputation.
Believe or not, Coinbase has a huge number of account holders last 2017 and even other exchangers are the same cause of bounty are really great and more traders come to sell their tokens/coins. But that was a short stay cause when the bull runs stop, they will no longer use it again. They have a lot of registered users but couldn't think how many are still active by now.

Agree, the increase will definitely occur from time to time even though it is not fast giving a more positive impact for a short time and although so far the price still continues to decline because maybe correction will always occur before a large pump is likely to occur. So we just need to believe that when growth occurs, at least it is a sign that more and more people are interested in entering even though it is sometimes only FOMO but at least enthusiasts will continue to increase.

I think there is still a rapid growth of the users on coinbase at the moment but they are not here for practical application but they're more on aiming more investments to be wealthy in the years to come. Maybe in 2020 more users will still come to register in coinbase.

From what i see, i think not see any problem yet in coinbase either it's wallet and exchange. Although i am not use it but it is not much complain from their user according to it. But until now, sometime i still use Coinbase as wallet because i already have my local exchanger which i used to exchange bitcoin to fiat.

Coinbase can say that they have huge members that register on their site, but we don't know how many people are actively using Coinbase. We need more to make the adoption growth, so people don't have to use Coinbase only, but they can use the other website similar to Coinbase. But the fact is I don't feel curious about how many people who register in Coinbase because what I think is how long we will see the adoption in cryptocurrency will growth than now. Perhaps, members in Coinbase can be a parameter on how many people join in the cryptocurrency, but still, that cannot be the right information.

Seems like it is intriguing issue. Lol
Anyway, whether coinbase fake their registration users or not, I don't care. Why? I don't really use this exchange not because I don't want it but because my tokens are available only on other dex. I could say it is good and that is why it becomes possible to have plenty users everyday.

It seems you want to find something about Coinbase exchange and trading.
What we know is that Coinbase, a platform that has security, can be said to be professional nowadays, for ease of buying and selling, Crypto currencies that we have known such as Bitcoin, Ethereum and many others.

What I want to talk about is that Coinbase is a company that is quite popular with bitcoin wallets today, built in 2012, so about the questions you ask people who join and so on, you seem to have to look a little this way: Coinbase Pro Is Increasing Its Fees – And Users Aren’t Happy (https://www.coindesk.com/coinbase-pro-is-increasing-its-fees-and-users-arent-happy)

I hope you can understand how Coinbase works now.

as they say that there are more than 30 million coinbase users, and even more every year. but, it really is unstable. if you question the user, there will be stops, and there will be new ones joining in, we don't know the exact number, but because coinbase is a popular website, I think they have more than 30 million users today.

In the first place, not all who are joining coinbase are really focusing on utilizing their funds, most of the time, users are creating multiple accounts for different purposes they have. The creation of coinbase account does not necessarily mean there is an increase in market adoption to cryptocurrency. It doesn't also mean that we are now in a phase of cryptocurrency being more valuable. The fact that people are spending and converting their fiats to cryptocurrency despite of a low account count of people signing up in coinbase will be a better basis for us to celebrate the development of cryptocurrency.

There are still many users who uses coin base. I still use it sometimes but I also use other exchanges. Maybe others do sign up to just check it's feature and for trial as many traders and investors really prefers to try and look in different exchanges and see whether it fits to them, I guess coinbase is still able to attract customers.

I think Coinbase is still attracting new users because Bitcoin is still hot now, especially they have "Earn crypto while learning about crypto" program which give users free coins just by watching video.

Today one of the greatest invention in the world of currency is the blockchain technology it improves a lot from the old transaction of paying people by the people. Blockchain is real money that converts into a digital currency that can use to buy anything but using through the digital wallet and less real money. There is a lot of wallets created today that is supporting the use of bitcoin and the other coins called altcoins. Most of the trader uses the Coinbase because it is user-friendly and has a lot of features that the users want to like the set of range of coin that will notify you when it reaches on a particular day and also it is easy to use. In the main window of the application, there is a board to know how much balance do you have; furthermore, it has a two-way authentication to secured your account.

I still don't understand why we have so many new users every day, But the market is not growing. The market goes down every day in 2019 and lasts until the present. The current total marketcap is only 190 billion and it is likely to go lower in 2020. I think those statistics are inaccurate or virtual users.

More and more people are getting interested in cryptocurrency investment and maybe they seeing a lot of people earning money by just buying a bitcoin or altcoin or do day trading. This is could be the reason that the value of some crypto could increase more the volume.

Hopefully they will not take the bait and join the HYIP investment that is really a negative impact in cryptocurrency. And spread the knowledge more on trading so that they could learn on how to trade properly.

I think my only regret about Coinbase was not referring more people back in 2016 (you'd get $10 when someone bought something with them IIRC). I couldn't use it, of course, but I'd still have somehow qualified for referrals. At the time, I thought, ok, it's had its run. But these days when you have other options without KYC, they'd surely die.

They didn't. And Americans had fewer options to buy. And now they're in the UK and elsewhere and still people are signing up.

Wait, what am I thinking? I saved so many people from Coinbase, I should be proud of myself!

I don't think so that there are still so many people who ate joining in some exchanges like now that way back year 2017. Maybe the main reason why there are so many people who are signing up on year 2017 is because thetr are so many people who want to involved in cryptocurrency because so many people want to involve because of the successful of the year 2017 like projects and different icos so many are interested on it and they want to have greater income. Right now I don't know how many people or users are interested on it because there is a huge percentage that the decreasing of users is occur because of the bad condition of the market.

Currently, there are more people known about cryptocurrency than 2017. But there are fewer investors than 2017 because of the consequences of the collapse from 2018 to the present. So as we can see, the current market is very boring and there are not too many investors and traders

Besides that there's a lot of users now who prefer other exchange just like Binance, Okex, BitForex and we can say that there's a lot of users day by day investing and adopting Bitcoin, so I am not worried about that. For those in doubt you can always check the data research of experts and don't just rely in coinbase or in just few exchange.

I think we're stuck on the wrong thing. Does it matter how many people trade in this market? I do not think so. Qualified people need to enter this market. Because after a while, people will attack the market. Because they'il have to ...

I hope I've got this.
It is the adoption we need to further develop the market. Like in the other form of investment/business some could be on the positive side and some also on the negative side. For some people, crypto investment is really good and profitable but some also condemn to be a reason for their losses. It eventually, crypto isn't for everyone and I don't think also that all of us here are risk-takers that will able to manage themselves to it. It also me matter to our choice.

Coinbase and other popular OTCs served as the port of entry for crypto investments so it's no wonder they use to have such huge registerations within a day. Going forward, the spread and adoption of cryptocurrencies are really increasing but many have not gone into the trading of cryptocurrencies yet.

the popularity of bitcoin in 2017 with its prices rising high, makes most people curious. what is bitcoin? what is its function? why is the price so high? how to get it? this is the reason most people ask. Before 2017, very few people wanted to know about bitcoin. until bitcoin shows new rich people fantastically. because they didn't understand before that, they have been storing bitcoin for a very long time. now those who are curious can only buy in the crypto market.

Before the pump in 2017 very few people were interested because the price level was not big enough either. And after many people become successful because of bitcoin, there are many newcomers after that and make an increase in the number of users

Maybe it is increasing but for sure more of it are not an active account right now. A lot of accounts was created but not all of it is active for sure. People who do know bitcoin are increasing but those who are interested in bitcoin are not that hype. Maybe they know bitcoin but do not interest in it.

That would be a sure thing dude but thinking about during these days I think the number of adopters are decreasing due to inactive market of course. Though that was an expected thing already, I can't help myself but to feel sad somehow because this only means that most of them are only interested with the price and not with the technology itself. If everyone will have this kind of mindset then I guess we will become stagnant forever. They'll enter if the price is on a skyrocket, they'll exit if we're on a bloodbath, then repeat — there is no consistent improvement

The best way for the people to be aware about cryptocurrencies is by the word of mouth. The mass adoption is happening because of the word of mouth. Like in my community, the word of bitcoin is spreading because people are keep talkong about it. It is also what happened in coinbase. The users are also increased due to word of mouth. There are people who encourage to buy bitcoin because of what they heard about the people who making profit from it.

I am sure that the number of people who are into Bitcoin have increased back then.
But we couldn't really know how many since we couldn't just base it on the number of registered account people could register for multiple times.
The only solid proof that I could think of is the price of Bitcoin it kept on rising back then and didn't fall back to where it was even when the market crash.

I am not interested in things in the past. I am curious to know what the future belongs to. I want to know how the Bitcoin situation is going to turn out. I would guess the happy 2020 year if I make a lot of money from Bitcoin. I have a large debt that needs to be paid at the end of the year.

Literally, the chnaces that more people will create more accounts is lower, there is still chances that they are real people creating accounts that accumulates volumes of crypto, overtime, we can see that the adoption of people to cryptocurrency is increasing as we can observe that government and regulations are getting not so strict with regards to allowing people to develop blockchain and cryptocurrency applications that could possibly help them with day to day applications.

Check out this article OP and you will see the difference in user statistics https://www.statista.com/statistics/803531/number-of-coinbase-users/

Also when you check, Similarweb, they have about 20 million visitors per month. Recently, Coinbase made an open reveal that they hold about $7b Bitcoin in their cold storage: https://beincrypto.com/coinbase-holds-a-whopping-966230-bitcoin-7b-in-cold-wallet/amp/

Point is, are this numbers or visitors returning or different visitors? And are money owned by few Coinbase users?

There many be an increase in the number of people that visit Coinbase, but not all actually own à wallet or even have cryptos in their wallet. So it's hard to decide.

thats it . if govt's wont be strict of regulation , the fake volumes can be ongoing because people are still free to create a dummy account because they dont need a kyc or some kind of verification but let say they have an indentity verification still you said its not strict so they can still easily bypass it  .

 strict regulation is helpful i guess   . people wont still be afraid to use cryptos because they are curious of this new technology   . the volumes will still increase as the time passes by   .

I think let say it is indeed increasing due to the fact that most of the countries are now acknowledge the existence of blockchain technology and even cryptocurrencies. Simply we could say that we are getting into massive adoption. It seems government are now taking back the strict regulations they laid on it. However, we cannot remove the fact that people are just creating a multiple accounts that is very common in this industry I think.

Even most of the countries aren't knowledgeable enough, the number of people knowing the cryptocurrency and blockchsin technology is still increasing. Maybe because the build many accounts just for them to double check their safety.

So when they loss, they still have an account that can be use to recover all the money. That's a good idea, it also helps the blockchain technology to grow more around the world.

I think it is really increasing. Coinbase is one of the most influential bitcoin exchange.
Crypto market is bloody right now, I guess its just buying time.

Time is running for bitcoin, bitcoin information is flowing around the world, and some parts of the world are late while some are finding out quickly, but of course it is getting ahead especially when the good rumors about bitcoin are spreading.
It is increasing especially as the bitcoin price rises, people are of short interest when it comes to a small price or fraud, but bitcoin kept a good price and therefore attracted people.

What the heck are you talking about? Having a lot of account doesn't help you to regain of what you lost in trading. You can't even recover it if you don't gamble your crypto on trading the same as gambling. You lose someone wins that's how the trading works.

Base on what coinbase has said, their users are increasing based on their data. It would be weird if the growth of their users will decrease exponentially or the number of users will decrease. we are currently on the stage where cryptocurrency continues to expand so I think it would be logical if the number of users is going to grow.

Lol, who knows what the flying !@#% that person is talking about. Having multiple accounts on exchanges or gambling sites does not help you at all. Lol, I wonder how this person trades or how their mind works.
If there was a way to regain these things then people would abuse it all the time and never lose their money. I don't trust coinbase and I use other DEX exchanges. No need for KYC.

I think what he mean is people are creating multiple accounts to divide their funds, so if anything happens to the exchange his chances to lose all their funds are minimal. But I don't understand the part where he can recover all the money just by doing that.
We don't know how he uses an exchange or how he trades, we can't understand what he states above.

yeah and that is the reality because people now are learning about the goodness of cryptocurrency and the technology of blockchain .
and i know we will go through all of this and the progress is on the way .
government will continue laying strict policy until they finally found the true meaning of satoshi about how Bitcoin and crypto will help their economy.as of now let us just focus in helping the community and the market to grow and move forward even there are many hindrances

It cannot be increasing due to the current status of crypto markets. That year is the year of bullish where people want to take there share. Since then, crypto market is yet to recover

Blockchain and crypto community isn't limited to Coinbase. If you see per day registration on Bitcointalk, you will be amazed! People are really going gaga over Bitcoin since 2015, but 2017 just intensified it to new newer level! Personally I don't like Coinbase for some obvious reasons though...

Agree. It isn't surprising that the number of users of Coinbase increased because cryptocurrency especially Bitcoin has been popular ever since its boom in 2017. Even though it was a huge number not everyone is really active in the platform in my opinion. Most of the accounts are probably a duplicate too. Growth in member numbers is much better than losing.

2017 was the time that cryptocurrency boom . that is what drive users to come and result for wallets like coinbase to gain massive signups within that year   . 2017 was also the time that coinbase is starting to get popular and have no issue's yet but later on coinbase experience a suddden decline of users because of thier problems that were facing  but if you are talking about blockhain alone then yes there are now more people involved on the blockchain technology  .

It's hard for coins to pumped back since investors mindsets is no longer concentrated to invest in as there's lots of flows. Better to work with every
aspect that you'll be able to catch up, to be more aware with how will you decide and how to act accordingly. More and more people are into this
industry but you have to understand everything first.

In some point, this is really true. The 2017 bull run season hyped not only the market but the whole exchanges as well as wallet in cryptocurrency. The rapidly growth of coinbase users was made by the bitcoin bull run. Imagine, even people who don't have a deep knowledge in cryptocurrency had joined and bought btc. The involvement of newbies create also a number of users in coinbase registration.

I have long since left coinbase, since 2015 I have never used their wallet again to store my money there in crypto form and it seems also to exchange they do not support the currency of my country, so for exchange they have not really really supported all countries, what i know is a lot of new people usually use wallets from blockchain or coinbase, it seems like they are developing not too fast but increasing every year

I think it decreased comparing to how many sign ups they are receiving back in year 2017. Year 2017 was a wealthy year for cryptocurrency a very good year indeed that spread news and hype about crypto and that maybe is the reason why the number of signups increase in that year. After that is bitcoins dump year up until now and that can be a cause of people getting less interested in bitcoin.

Yes, this year gives a chance us to recover, although there is not much we can do in trading. But I am sure that they can provide us with a lot of profit if we can try hard to search for a profit. But as you said, the crypto market is not yet recovering, and we need to wait for a while, and who knows that in the next year, the crypto market will start to recover so we can back to make a big profit.

Well, I'm still reading some reviews and comments about it. I haven't actually into it right now but maybe soon. I'm not so very active in trading. Coin base is somehow interesting. Its also good to know more about it at least I have option when I'm back to trading soon.