Will Coinbase be the biggest bank in 2020?

[R_Block]

Given that all the major banks are so behind in the crypto-revolution do you think Coinbase will be the biggest bank in 2020?

https://hackernoon.com/will-coinbase-be-the-biggest-bank-in-the-world-5d147c9e6caa

[Silberman]

Given that all the major banks are so behind in the crypto-revolution do you think Coinbase will be the biggest bank in 2020?

https://hackernoon.com/will-coinbase-be-the-biggest-bank-in-the-world-5d147c9e6caa

Only if bitcoin becomes a reserve currency and if coinbase is able to survive for that long and all of that happens before 2020, as you can see there are many ifs in that statement, the money moving in fiat is still a lot more than the money moving in bitcoin so bitcoin will need to be huge for that to happen and then if that happened, do you think banks are going to stay out of the business without putting a fight, if that happens they are going to open their own bitcoin branches.

[AngelSky]

Given that all the major banks are so behind in the crypto-revolution do you think Coinbase will be the biggest bank in 2020?

https://hackernoon.com/will-coinbase-be-the-biggest-bank-in-the-world-5d147c9e6caa

Every bitcoin wallet is consider as bitcoin bank because that is how every wallet pre designed in the wallet provider software and site. Not only Coinbase there are many mainstream wallets still available in the market.
You can use any one of that to make your own bitcoin wallet account. Still Coinbase is not that much popular than any other crypto wallet. There are many desktop wallet in the market which can support wide range of altcoins as well.

[merchantofzeny]

Given that all the major banks are so behind in the crypto-revolution do you think Coinbase will be the biggest bank in 2020?

https://hackernoon.com/will-coinbase-be-the-biggest-bank-in-the-world-5d147c9e6caa

Every bitcoin wallet is consider as bitcoin bank because that is how every wallet pre designed in the wallet provider software and site. Not only Coinbase there are many mainstream wallets still available in the market.
You can use any one of that to make your own bitcoin wallet account. Still Coinbase is not that much popular than any other crypto wallet. There are many desktop wallet in the market which can support wide range of altcoins as well.

This. One reason many people went into bitcoins is that so they can have full control of their money. A bank basically holds your money hostage. Even government would only insure a small part of it. That's the last thing we want to see happen with bitcoins.

I think simply having a mechanism for more secure loans would be enough. Though I think that would be harder to do with cryptocurrencies.

[richardsNY]

Coinbase is already the largest commercial entity in the crypto market, which isn't exactly something I consider to be a good thing. If we look at their market dominance, it's safe to say that the market they operate in is pretty centralized, which makes Coinbase a very influential entity, and looking at how things go, they will only grow larger throughout the years. Everyone arounds me chooses to go with Coinbase because it's a wallet service, and an exchange at the same time -- for them it's an ultimate form of convenience. For that reason I welcome all other competitors to up their game to push Coinbase back a bit....

[Cazemiro]

The Coinbase could be, but only if Bitcoin will adopted by a large part of population. Today, BTC is only a child near the fiat currency, in 2020 BTC will have 12 years old, and i belive the price wil be more stable, in this set I belive the CoinBase could be the biggest bank!

[usorin]

Given that all the major banks are so behind in the crypto-revolution do you think Coinbase will be the biggest bank in 2020?

https://hackernoon.com/will-coinbase-be-the-biggest-bank-in-the-world-5d147c9e6caa

it is true that they have a great influence on the market and their products are more then good, so there are all the chances that Coinbase will be the biggest bank.

[PORN_coin]

Only if the population starts using crypto currency in everyday life at all levels

[Silberman]

Given that all the major banks are so behind in the crypto-revolution do you think Coinbase will be the biggest bank in 2020?

https://hackernoon.com/will-coinbase-be-the-biggest-bank-in-the-world-5d147c9e6caa

Every bitcoin wallet is consider as bitcoin bank because that is how every wallet pre designed in the wallet provider software and site. Not only Coinbase there are many mainstream wallets still available in the market.
You can use any one of that to make your own bitcoin wallet account. Still Coinbase is not that much popular than any other crypto wallet. There are many desktop wallet in the market which can support wide range of altcoins as well.

This. One reason many people went into bitcoins is that so they can have full control of their money. A bank basically holds your money hostage. Even government would only insure a small part of it. That's the last thing we want to see happen with bitcoins.

I think simply having a mechanism for more secure loans would be enough. Though I think that would be harder to do with cryptocurrencies.

You are right but at the same time people are very easy to deceive as a group, people do not want the responsibility of managing their own money, this is why despite the fact we are our own banks by having our own wallets there are many people that are going to prefer to not hold their money in their computers and rely on a third party service instead.

[GryphoCry]

No, i dont think so, many people still dont know what a bitcoin is, maybe in 2030.

[lite]

Given that all the major banks are so behind in the crypto-revolution do you think Coinbase will be the biggest bank in 2020?

https://hackernoon.com/will-coinbase-be-the-biggest-bank-in-the-world-5d147c9e6caa

I think yes they can be the biggest bank. they're pulling in millions of users on their platform/site.

[KSCTeam]

Given that all the major banks are so behind in the crypto-revolution do you think Coinbase will be the biggest bank in 2020?

https://hackernoon.com/will-coinbase-be-the-biggest-bank-in-the-world-5d147c9e6caa

If talking about an online wallet to store bitcoin then coinbase is really a big bank but talking about most used wallets we should mention exchange websites.

[wall101]

I think it might be because the coinbase wallet is spreading on facebook because it's usually used by others because it's just a low fee and it's easy to use, but for sure because there are also coins.ph users too but I leave I just want to know that in 2020 it depends on which people I choose to wallet for banks.

[crzy]

Given that all the major banks are so behind in the crypto-revolution do you think Coinbase will be the biggest bank in 2020?

https://hackernoon.com/will-coinbase-be-the-biggest-bank-in-the-world-5d147c9e6caa

If talking about an online wallet to store bitcoin then coinbase is really a big bank but talking about most used wallets we should mention exchange websites.

Online storage yes but I think its still possible to overcome banking system in the future. Cryptocurrency technology really great that can help us more forward but it really takes time and all people should be using this for them to survive in the future.

[Imfinnabeon]

I don't think so it seems that way now but that is because they are the top dog as of now. I firmly believe that somebody will come into the space with more capital and more resources and then undercut Coinbase because if you take a look at their services they are pretty crap. I mean they go down every time there is panic in crypto and their fees are absolutely ridiculous. I would never do business with them and if there was an alternative I would snap go to that alternative it is not even close.

[piloder]

First coinbase is not a bank and neither registered as a bank, they are like paypal that deals with cryptcurrencies and banks for some margin. They are registered as payment gateway and highly regulated.

They might have high volume and billions of members but ultimately people will not store those purchased bitcoin in their coinbase wallet as it is not the true bitcoin wallet that gives you full control over your bitcoin.

[carlisle1]

Given that all the major banks are so behind in the crypto-revolution do you think Coinbase will be the biggest bank in 2020?

https://hackernoon.com/will-coinbase-be-the-biggest-bank-in-the-world-5d147c9e6caa

yeah coinbase is the BIGGEST COLLECTING FEE in 2020 .before that year
maybe no one would out their coins in that said wallet.because thats one of the
most expensive wallet in the whole crypto and i wonder what would their clients
response in the next two years or more,

[usekevin]

First coinbase is not a bank and neither registered as a bank, they are like paypal that deals with cryptcurrencies and banks for some margin. They are registered as payment gateway and highly regulated.

They might have high volume and billions of members but ultimately people will not store those purchased bitcoin in their coinbase wallet as it is not the true bitcoin wallet that gives you full control over your bitcoin.

Yes coin base is not a bank,just  a wallet. You can use that to store your bitcoin,Ethereum and Lite coin. It is good as compared to other wallet. But now I was getting often some errors in Coin base. I had requested the developer of coin base to fix that error.Many users using Coin base, if this error pursuit means,they will change the wallet. So the developer and support team should get through this error.

[kuronokishi10]

According to me coinbase has a good chance given that bitcon doesn't crash suddenly and steadily grows and is accepted in majority of the countries.

[Herbert2020]

not the biggest "bank" but the biggest "bitcoin bank", which they already are. by definition you are giving up control over your money when you open an account with Coinbase and keep your bitcoins there and you get an account and some virtual numbers in return which Coinbase promises to guarantee their value.
the only difference is that they don't give profit on the money you give them (like your bank account does) and also they don't offer things like loans (which banks do). in any other sense they ARE a bank.
and being first and big, gives them that edge too. if they wanted they could become a huge company worth billions of dollars. of course being in US has its restrictions too...