Coinbase recently entered the top 10 of the free apps ranking in the US App Store, climbing with impressive speed the positions it had already earned a few weeks ago. On the other hand, Binance is ranked in the top 20.
It doesn't matter whether you are a beginner or a crypto and blockchain guru, because regardless of your experience in the industry you have definitely used Coinbase at least once in your life. Not surprisingly, the California-based platform represents the most popular exchange in the world with over 35 million downloads. What's more, it recently earned a spot in the top 10 most downloaded free apps in the United States.
What is Coinbase?
As many of you already know, Coinbase is a cryptocurrency exchange, which is a platform within which you can buy, sell or convert your digital coins. Among the most prominent assets, the app allows you to trade with coins such as Bitcoin, Ethereum, Bitcoin Cash, Litecoin and more, including even the stablecoin Tether (USDT). Created in 2012 in the United States, based in California, the exchange is among the most renowned ones in the world.
As in most exchanges, you can hold your capital in the form of FIAT money, so that you are not affected by the strong fluctuations of the market. Then, when you decide to make a transaction (e.g. buy a TOT of Bitcoin when the price goes down) you can immediately convert the FIAT money into the asset you prefer.
These, obviously, are basic functions that every exchange has. If you want to perform, instead, more complex operations (e.g. setting a Stop Loss), you can use Coinbase Pro, a variant designed specifically for experienced traders.
What really makes the difference in this platform, however, is its ease of use. Unlike other exchanges, in fact, the interface is definitely cleaner and more intuitive. This feature puts it a notch above the rest, as it allows the average user or one with few technical skills to access the world of cryptocurrencies quickly and easily. This is precisely the reason why, in countries like the US, the app has achieved such great success.
Coinbase in the top 10 U.S. free apps
According to what is shown by the live ranking related to free apps downloaded on the US App Store, Coinbase managed to take the 4th place on Friday, breaking through the barrier that was keeping it away from the top 10. You could say that the California-based platform has made a sort of climb, as just a few weeks ago it was around the 30th position in the ranking.
To date, in the United States, the platform has surpassed app giants like TikTok, Zoom and Cash App within the App Store, consolidating very important positions in the rest of the world as well (15th in England and 131st in Singapore). However, the app seems to be not very liked by Play Store users, and sees its position drop to 57th place, after spending some time in the top 19. This seems to be due to some recent bugs following some updates to the app.
Are there other exchanges?
If you have already tried Coinbase and didn't like it, or encountered some bugs due to some updates, you can deepen your knowledge by taking a look at exchanges like:
Conclusions
Witnessing news like this is further proof of how much society is becoming more and more interested in blockchain and cryptocurrencies.
The coming years seem to promise huge innovations from a financial and technological point of view, showing day by day results that were almost unthinkable before.
Not only is the average user, especially in countries like the United States, managing to access financial instruments independently, but they are developing new digital skills without even realizing it.
A little more than ten years have passed since the first virtual currency was born. What will happen in 20, 30 or 50 years?
As usual, the advice is to delve into these topics so that you are never left behind.
*This article was translated manually and with a translator software from my original post on theledger.it, so I'll attach the link to my article here.
If you want to improve your Italian and learn more about crypto arguments, just check out our blog by clicking on one of the links below :)
Learn more
- https://theledger.it/recensioni/coinbase-recensione-dellexchange-di-cryptovalute/
- https://theledger.it/recensioni/binance-lexchange-di-criptovalute-perfetto-per-i-traders/
- https://theledger.it/guide/guida-allutilizzo-di-binance/
- https://theledger.it/recensioni/le-maggiori-piattaforme-exchange-di-criptovalute-kraken-coinbase-binance/
- https://theledger.it/news/finanza/laccusa-a-tether-usdt-pepin-risponde/
Bibliography
- https://www.theblockcrypto.com/linked/93067/coinbase-top-10-free-apps-apple-us-store
- http://tokenpost.com/Coinbase-Enters-Top-10-Free-Apps-Ranking-On-Apples-US-Mobile-Store-6212
- https://www.criptovaluta.it/exchange/coinbase
- https://pro.coinbase.com/
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