Good news to crypto:Coinbase has passed 30million users this month

[shield132]

To be fair I'm in stuck, don't know if I have to like this or not because bitcoin is great creation, it was amazing at start when it wasn't so popular. It's spelling when only some people know amazing thing but when it gets widely known, usually that get's abused and it's spell starts to disappear. But still it's nice at some point that more and more people start using of bitcoin and more are seeing innovative things. But these regulations, bans (like India did, jail for bitcoin use) ruins every positive feelings.

[milewilda]

30 Million users? That would exclude who have multi-account, people who do make use this one a web-wallet(including me).So this number isnt really that accurate but somehow this signifies that Bitcoin awareness does increase even how much we do hate Coinbase when it comes to its service but we cant deny that this company does perform well even its heavily regulated.

[davis196]

How many of those 30 million users are actually real?
There might be people with more than one Coinbase account or users with dormant accounts that aren't using Coinbase for years.Coinbase looks like Facebook,with endless bragging about how many users they have.
I wouldn't say that this is good news for the crypto world.It's good news for Coinbase alone.

[MadeinCoin]

There is good as well bad services were experienced by the coinbase users. Beyond this it has served the cryptocurrency community for around seven years. This is not easy achievable, 30 million cryptocurrency users when the same has got opposition, support and legal bans. This way it has crossed several hard situations and has reached a big milestone. Among the 30 million how many were active in the market needs to be calculated.

30 million users are truly remarkable achievements and that has exceeded the total supply of bitcoin. But we need to know that not a few people have multiple accounts in coinbase, especially for airdrop hunters, surely many of them misuse the coinbase airdrop event. So that one person can make up to 10 accounts to get more airdrop prizes. So 30 million is not the actual amount, maybe it could be half.

[Em00n01]

This is a good news! Coinbase was always my favorite choice. Because we can send ETH, BTC or other Cryoto currencies to aour friends or family without any Fee. I think it is the main cause why it gets more popularity.

[djcaoile1205]

Not a good news for these users. They have no clue bout recent scandal with stolen from Coinbase KYC info.

[bitbunnny]

This is a huge number but actually it doesn't reflect the true number of users. Coinbase has many accounts that are opened but not actually used and also there are some users who have multiple accounts. That we need to have in mind.
No matter to that, Coinbase is one of the most successful exchanges and probably will stay so.

[Harlot]

What would be more interesting is to know how many active users Coinbase has and that required removing the unused accounts as well as the multiple accounts handled by just one user because I'm sure that some users here don't have just one Coinbase account in their bags. The number could be misleading as it be because 30 million is just a number we couldn't simply translate to 30 million real actual people actively involve in the cryptocurrency market.

[leowonderful]

I don't use coinbase because it's not supported in my country, I see comments from people complaining about them, but I believe they are no worse than exchanges like paxful, localbitcoin and cex.io... so whenever I see someone needing to buy bitcoin, I Ask if this person lives in any country where they have coinbase support so that person can buy bitcoin on coinbase. I don't know if those 30 million users are all active, but I think that's good news.

I don't use Coinbase even though it's available in my country because of the high fees associated with buying on their platform. I'd much rather just deposit money from my bank account to another exchange that has lower fees and where I can put up limit orders instead of market buying, such as GDAX (Coinbase Pro) or Gemini.

I'm glad the site's gaining users and likely accounts as well, but those using Coinbase do pay in the form of fees and I've directed some of my acquaintances interested in buying crypto towards other exchanges because of this.

[rodel caling]

Coinbase is the choice for US citizens which is why they continue to grow.
Are those 30 users are users as traders or users that's only using Coinbase services as an Online Wallet even though this is not a such safe things to save coin.

Exactly coinbase is a choice of US citizen and nothing to regret on the choice because even I am not a US citizen I use coinbase to stored my coins safe.

[Artemis3]

Coinbase has passed 30million users this month
(adding 5million users in the last ~10 months)


Founded in June of 2012, Coinbase is a digital currency wallet and platform where merchants and consumers can transact with new digital currencies like bitcoin, ethereum, and litecoin. We're based in San Francisco, California.

Bitcoin is the world's most widely used alternative currency with a total market cap of over $100 billion. The bitcoin network is made up of thousands of computers run by individuals all over the world.

This is actually good news for coinbase, not "crypto". If anything, it is bad news for "crypto", as it means even more people going to centralized services and risking their assets to third parties.

Remember, if Coinbase were to disappear tomorrow, it is not the coins fault. Most common people seem to fail to make the difference.

Good news for crypto is when those 30 million learn to use decentralized exchanges (aka. DEX), or better yet, stop exchanging from/to fiat anymore...

[AGD]

Why is more users on a centralized exchange 'Good news to crypto'? Ridiculous!

[Herbert2020]

Why is more users on a centralized exchange 'Good news to crypto'? Ridiculous!

it is not and it is at the same time!
basically when the adoption grows it means the number of all types of users is growing. both those who are in for the decentralization and want to fully benefit from it, and also those that don't get the point of decentralization but at the same time they still want to use bitcoin.
not to mention that many of these users will slowly learn more about bitcoin and migrate to "real bitcoin wallets" and that means Coinbase was a great starting point to introduce bitcoin to a lot of people who want an easy entrance instead of being subjected to a lot of complications on their first day.

[AGD]

Why is more users on a centralized exchange 'Good news to crypto'? Ridiculous!

it is not and it is at the same time!
basically when the adoption grows it means the number of all types of users is growing. both those who are in for the decentralization and want to fully benefit from it, and also those that don't get the point of decentralization but at the same time they still want to use bitcoin.
not to mention that many of these users will slowly learn more about bitcoin and migrate to "real bitcoin wallets" and that means Coinbase was a great starting point to introduce bitcoin to a lot of people who want an easy entrance instead of being subjected to a lot of complications on their first day.

Wrong!
Only a slow adaption would be good for a healthy development of Bitcoin. And Coinbase is representing exactly what Bitcoin wants to eliminate: The middle man. You should educate people on decentralization, open source software, encryption and topics like 'Don't trust, verify', instead of promoting centralization.

[Janation]

What is the good news here?

I mean this is expected since there are a lot of price changes in the past months. The users are adding up but the price still is not making any changes so I don't see that as good news, well, the price of Bitcoin is getting stable, so maybe that is a good price so I'll consider it. Just hope it continues to increase and I also hope the demand do the same.

[o_e_l_e_o]

Not a good news for these users. They have no clue bout recent scandal with stolen from Coinbase KYC info.

Where did you hear this?

I'm pretty sure there has not been any user data stolen from Coinbase - I've certainly not heard anything, and a search of the usual places doesn't turn anything up either. However, this user might be referring to the fact that Coinbase themselves admitted that they have been willfully selling users' data to third parties, which is even worse than it being stolen. You can see the interview with one of their executives where she admits it here: https://cheddar.com/media/coinbase-adds-support-for-ripple-s-xrp-despite-regulatory-uncertainty (1:59 in the video).

However, having said that, given that Coinbase were selling users' data without their knowledge or consent, if data had been stolen, I'm sure Coinbase wouldn't bother to tell anyone and just try to sweep it under the rug.

[suzanne5223]

Coinbase is developing rapidly. Perhaps their exchange will become one of the most popular soon.

Point of correction. Coinbase is among the top crypto currency exchange site with advanced security, platform, transaction etc. Besides, is one of the most popular and well knew exchange site with genuine users. However, I don't want you to rely on CMC ranking of exchange site cause there are some exchange which was once accused of fake volume.

[BADecker]

Yabut. Most of the 30 million are simply applications of people that Coinbase has denied service to for one reason or another.

[Harlot]

Coinbase is developing rapidly. Perhaps their exchange will become one of the most popular soon.

Point of correction. Coinbase is among the top crypto currency exchange site with advanced security, platform, transaction etc. Besides, is one of the most popular and well knew exchange site with genuine users. However, I don't want you to rely on CMC ranking of exchange site cause there are some exchange which was once accused of fake volume.

It's crap and it doesn't deserve to be, they just marketed themselves well in the US. Coinbase always purposely stops working correctly during any run of either way so they can take advantage of the situation, they essentially did insider trading with altcoins that they were adding and they are the worst support. Seriously, they suck.

Just let it go dude, they don't know what they are talking about and they are just going with the post. How can a crypto-wallet who can't even give you your private keys be number 1? Sure they can take the top spot for the mainstream users but Coinbase isn't really the best out there if you are looking at the best value for your cryptocurrencies.

[pankowri]

Coinbase has passed 30million users this month
(adding 5million users in the last ~10 months)





Founded in June of 2012, Coinbase is a digital currency wallet and platform where merchants and consumers can transact with new digital currencies like bitcoin, ethereum, and litecoin. We're based in San Francisco, California.

Bitcoin is the world's most widely used alternative currency with a total market cap of over $100 billion. The bitcoin network is made up of thousands of computers run by individuals all over the world.

source: https://twitter.com/alistairmilne/status/1153312781573218307?s=20

Yes, this is a good news for all who related with crypto. The more people come to join, the higher the demand and price of crypto. So it's a blessing to have a huge community to use.