Bitcoin Wallet Blockchain Says It’s Adding 50k Users Per Day

[oksgvardukraine2018]

Bitcoin Wallet Blockchain Says It’s Adding 50k Users Per Day
Cryptocurrency wallet Blockchain is adding up 50,000 users a day amidst the ongoing crypto market downturn.

Posting on his Twitter account, Blockchain CEO and Cofounder Peter Smith made the claim in a tweet that also appeared to take a shot at Coinbase.

Defying the Downturn
Responding to a Bloomberg interview with Coinbase CEO Brian Armstrong where he stated that Coinbase was signing up 50,000 new users daily at the peak of last year’s bitcoin rally, Smith tweeted that Blockchain is currently managing to sign up that number of new users daily, and that the service helps them to actually use and engage practically with crypto, as against other unspecified use cases.

The tweet said:

Peter Smith
@OneMorePeter
 CORRECTION: It's actually *Blockchain* signing up over 50,000 per day in the midst of this crypto downturn. It's delightful to see new entrants actually interested in *using* crypto. (Hi @crypto 👋 )

Observers are likely to take the statement as a shot at Coinbase for apparently helping people to get into crypto for speculative purposes, instead of for practical purposes, unlike Blockchain. The implication, in other words, is that Smith was hinting that the trading and investment-heavy Coinbase model does not necessarily help the long-term adoption of crypto, and it may have in fact contributed to the crypto industry downturn. https://www.ccn.com/bitcoin-wallet-blockchain-says-its-adding-50k-users-per-day/

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[BitcoinNewbie15]

I don't personally take this as a shot at coinbase. Blockchain.com and Coinbase have completely different business models and they both help with adoption. I think it is great news that Blockchain.com is signing this many people up during the bear market. Just makes me wonder how much they were signing up daily during the 2017 bull run.

[Raja_MBZ]

Just makes me wonder how much they were signing up daily during the 2017 bull run.

December 10, 2017:

Bitcoin wallet provider Blockchain had half a million new sign-ups in a week

http://uk.businessinsider.com/bitcoin-wallet-provider-blockchain-gets-half-a-million-sign-ups-in-a-week-2017-12

[BQ]

50,000 people per day is not a bad amount considering that's just one-place, so there's plenty of interest still. I guess people wants to try and catch the next ride!
50,000 = 350,000 per week. december was 500,000 according to previous poster. quite impressive!

[fairytale]

bitcoin nowadays are being recognized around the globe which soon takes over the local currency.Interested participants are now being knowlegable regardless to the least ideas they have.50k users per day is not a bad thing,considering the bad feedbacks of cryptos yet people are still trusting these cryptocurrencies.

[bitfocus]

it means, crypto is getting acceptance, I should say, mass acceptance from the common people around the globe.

[Wendigo]

The Blockchain wallet was my first Bitcoin wallet. It was especially appealing to crypto newcomers and I think back in the days it was the most popular online wallet by far. I reckon new users of Bitcoin, who aren't interested in trading or exchanging their coins and simply want to hold long-term, would sign up at Blockhain wallet rather than at Coinbase. Both services cater to different needs and I am glad that Blockchain wallet is still sought after.

[Betty10]

I personally love and use blockchain.info but abandoned it last year for bitwala and other wallets, blockchain transaction fee and confirmation time was very high due to not been Segwit enabled. But am back to it now.

[basici]

this is a huge number of new users in fact. it's strange that the market does not grow although new people come here

[Tashig]

This shows people are still entering Crypto despite the bad news and bear market. From this we can understand that the bear market is nothing but much of FUD to get weak hands to backing down. Just stick to your aspiration and keep faith with bitcoin, when the enemies are tired, market will pick up.

This news is from Dec. 10, 2017, 8:30 AM so from the peak of the hype not now, maybe it's 500 now....

[James_Hepp]

This is kind of surprising considering how much the price has been dropping and how much negativity has been spread about Bitcoin recently. I would never expect there to be 50k users a day signing up. That's incredible.

How many of them are actually purchasing the coin, is the real question. It's easy to sign up but a lot of people just keep the account open for a while before making a decision to put money into it. Maybe we need some more currency crises and some geopolitical chaos to stir things up a bit and get people running towards Bitcoin.

[avikz]

I really can't comment on the numbers of the new users that blockchain is adding up but I somehow agree to the point of Peter that notifies Coinbase is adding investment intensive users while overlooking the practicality of using crypto in our daily use. They have different business mindsets all together. Coinbase in mainly an exchange service provider where you can buy crypto using your fiat money and they are also providing an wallet to hold that up!

While blockchain is a primary wallet provider with options to buy crypto using fiat currency through a partner. So the primary focus is different for both of them. However, I don't want to degrade coinbase over blockchain because these two companies have helped the community to increase the footprint of cryptos through their services. Doesn't matter how different they are but they both have contributed in a positive manner!

[jarojak]

That is interesting fact but I bet most of them did not have any bitcoin in their wallet, just like me.

[Lucius]

For me personally this is not good news, such a large number of newly opened accounts in only one online wallet shows us that the majority of users are not fully aware of all the risks which come along with online wallets. But on the other side blockchain.com ( be aware this service is change domain to .com recently ) is also allows users to buy BTC&ETH, so it may be good if users just buy coins and send them to more secure wallets ( desktop&hardware ).

this is a huge number of new users in fact. it's strange that the market does not grow although new people come here

Yes, it is strange that only one site is get 50k new users daily which is 1,500,000 a month, and we do not see any big changes regarding the price. Blockchain service is just maybe want to show how better they are from Coinbase, they sign 50k users daily during December last year and Blockchain is doing that these days.

In my opinion this is just cheap public promotion, they may claim to adding 100k users per day - there is no way for us to know is this true.

[hdtqisg]

It may be accurate statistics of the number of accounts created daily, but one member can create multiple accounts in accordance with the purpose of use! That should not be the number of people daily to join!

[bitbunnny]

If these fugures are correct then this sounds excellent. Still you have to have in mind that this is just the number of open accounts, not actual users, so these two numbers might vary. Also, not of all these open accounts will be actualy used.
Another thing is that both Blockchain and Coinbase are making the promotion of their business and services so take this statistics with some reserve.

[Tashig]

If these fugures are correct then this sounds excellent. Still you have to have in mind that this is just the number of open accounts, not actual users, so these two numbers might vary. Also, not of all these open accounts will be actualy used.
Another thing is that both Blockchain and Coinbase are making the promotion of their business and services so take this statistics with some reserve.

I would think an account is equal to one user since they most likely don't allow to have multiple accounts and require identification...

[realcrypto]

Bitcoin is penetrating the nook and cranny of the entire universe so it is possible for blockchain wallet and coinbase to have such massive registration per day.  This is a sign of massive usage.

[Crypto one]

50.000 new bitcoins wallets account in just one wallets provider, that's is really good and a lot more than what I thought was possible in this market. This means there's still a lot of buying pres from new bitcoiners who are buying bitcoins to use there wallets, but I guess some of the wallets are made buy old bitcoins users, who find blockchain wallets better to use.

[hessanseen]

Although the increase in the number of wallets is considered to be a positive sign of the market, I don't think these figures indicate that more new investors are entering the market when the market is so depressed.