Binance vs Coinbase: Who has the most users?

20 Dec, 2018
by Ryan Boltman
Binance vs Coinbase: Who has the most users?

Long hash has released details related to how many users are on several top cryptocurrency exchanges with the top 2 being Binance and Coinbase. The question is, who takes the top spot? 

According to a report by Longhash, who put together a report that included the total daily active users on exchanges around the world, Coinbase leads the rankings in total daily users. 

Most would have thought Binance would have taken top spot, but Coinbase came in as the highest ranked daily active user count with 422,000 users. Binance came in second with 313,000 users. Okex and Huobi topped off the top 4 with 105,000 and 101,000 respectively. 

No other exchanges cleared over 100,000 daily active users. 

The report also managed to capture the average transaction volume per visitor, which comes in at more of a surprise. The average transaction volume per user on Coinbase is $189. While the average transaction volume per user on Binance is $2137. That is a massive difference compared to Coinbase. The average transaction volume per user on Bitfinex was an astounding $3518.

Low visitor count can be attributed to the year long bear market which curbed visitors to exchanges. 

Coinbase appear to be leading the race for daily visitors, and the low transaction volume per user is more indicative of a wider audience and mass adoption. The race to be the top crypto exchange appears to be intensifying.

Image from Gyazo

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Will Coinbase continue to be #1?

(73 votes)

Add a comment

the right question should be who has the most unsatisfied users
20 Dec, 2018 - 12:18
I presume it's Coinbase.. am I right???
26 Dec, 2018 - 18:12
It's impossible to compare the normal exchange and such a scam as Coinbase providing the insider trading.
20 Dec, 2018 - 18:57
I think Coinbase is looser who picks up the crumbs after Binance and Bitstamp because only these exchanges are reliable and people trust them.
20 Dec, 2018 - 19:19
Circulation of money showed us how people trust exchange their money. Personally, I wouldn't give Coinbase even a penny.
20 Dec, 2018 - 19:39
Binance doesn't washtrade and insider trade, unlike Coinbase. Let's not compare a normal exchange with a 100% fraudsters.
20 Dec, 2018 - 19:57
Yes, it also indicator of traders. Only young and unprofessional trader use Coinbase. Real money is contained only in Binance and Bitstamp.
20 Dec, 2018 - 20:08
Beginners can choose Coinbase but after time they will lose all) But real traders know that coinbase is for losers, we choose Binance and Bitfinex!
20 Dec, 2018 - 23:02
Oh come on, coinbase can fake whatever they want. Or bribe anyone they want. Can't you see they're all over the news these days. Guys just wanna be famous.
21 Dec, 2018 - 16:17
coinbase promote itself too much, behind they hide lot of issues
22 Dec, 2018 - 08:59
Great, love reports like this one. Love reports with coinbase in them, to be precise. I mean how can one trust anything when it comes to cb? They're manipulating the market clearly. Their fees are are bigger than the taxes I pay. And what's more, Brian is a huge dickhead with no original ideas.
23 Dec, 2018 - 09:53
I don't take Coinbase seriously. I think Coinbase as the insider trade exchange should be stopped forever.
23 Dec, 2018 - 19:38
Coinbase? I am not sure they still have any some users.
Everyone went away. They are awful.
23 Dec, 2018 - 23:04
I am 100% sure that Coinbase's daily active users count is fake. Maybe that's because majority of people wouldn't spend their time to realize what a scam Coinbase is.
24 Dec, 2018 - 04:36
If Coinbase continues its scamming of people, it will lose all customers
24 Dec, 2018 - 12:04
I think Coinbase has already lost many clients, lol
26 Dec, 2018 - 18:27
Personally, I prefer Bitfinex! According to the new report, people invested most of all funds in this exchange compared to Binance, Coinbase and etc
24 Dec, 2018 - 15:09
Why would even ask? For sure Coinbase couldn't be competitive with their safety problems. What a fool would prefer using Coinbase?
25 Dec, 2018 - 08:29
Coinbase provides a fake statistics as usual
25 Dec, 2018 - 18:54
Now that binance has listed xrp everyone just gonna leave coinbase 4ever.
26 Dec, 2018 - 17:22
26 Dec, 2018 - 19:28
Yeah, coinbase may seem like they have more users. But it is not necessarily true. They are infamous for their market manipulation and I would not be shocked if they faked this one too.
27 Dec, 2018 - 12:34
Coinbase even is not a player on the crypto market. Coinbase is a fraud which steals the users' money. It is absolutely clear.
27 Dec, 2018 - 20:21
Heh, how can you compare these exchanges?
Coinbase has no prospects at all
28 Dec, 2018 - 03:26
"The average transaction volume per user on Bitfinex was an astounding $3518." - oh nice, my last payout was 3500 :D Bitfinex makes fast transactions i love it
28 Dec, 2018 - 13:57
I think the right answer is Binance??
31 Dec, 2018 - 14:02
Coinbase will never be #1 because it has lost some amount of users recently because of neglecting their demands like XRP adding. I believe this process will continue. Moreover, Coinbase is implicated in insider trading and I wouldn`t be surprised if it fakes its numbers like volume etc.
03 Jan, 2019 - 13:16
Just look at the poll results and everything`ll become clear. Coinbase has lost loyalty of its users and it`s doubtful there will be any significant influx of new customers. What`s the worst is that they can falsify the volume but SEC knows its business.
03 Jan, 2019 - 14:19
Coinbase sucks! After they didn`t add XRP I can`t even see this name. They will never get #1 with all the ignorance and blase attitude to their customers. I just wanna be the witness of Coinbase END.
04 Jan, 2019 - 06:49
my answer is Binance. Am I correct? I think I am.
08 Jan, 2019 - 14:55
coinbase is no more namber one
09 Jan, 2019 - 22:52
Binance ..?
Dont know why but I'm a little afraid to use Coinbase.
11 Jan, 2019 - 12:59
i think smart sophisticated professionals would choose bitfinex over any other major exchanges. beginners and newbies would better be starting trading somewhere else
12 Feb, 2019 - 14:51
i am not sure about binance but coinbase definitely has a lot of issues with security. this exchange can block your account with funds and do not clarify the reason for weeks. very unreliable place
13 Feb, 2019 - 09:14
i am not sure about quantity of users however definitely the quality of service at coinbase is very low and there are a lot of problems there
16 Feb, 2019 - 09:42
as far as I remember binance and bitfinex are the only two exchanges that do not manipulate the volumes. binance is definitely good and reliable place
09 Mar, 2019 - 09:16

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