At the same time, the data of these two trackers are somewhat different.
According to SimilarWeb, the Binance exchange is currently in 839th place in terms of traffic volume. Coinbase is in 874. While on Alexa, Binance’s recognition is even higher – 415th place in the ranking of the most visited Internet resources. And Coinbase is in 830th place.
If we talk about the ranking in specific countries, in the US, Coinbase is the 386 most visited site according SimilarWeb, and 187 according to Alexa.
A detailed list of the best cryptocurrency exchanges presented by CryptoCompare, which evaluates exchanges according to 30 indicators and seven criteria, including: geography, regulatory framework, investments, team and market quality.
With the growth of bitcoin to $ 30,000 in 2021, the number of people looking for reliable cryptocurrency exchanges has grown. The difference between cryptocurrenciy trading and trading in the stock market lies in the great risks, due to market volatility and uncertainty. For beginners and traders who are moving from the investment market of stocks and bonds to the cryptocurrency market, this rating of the best cryptocurrency exchanges is more important.
The best cryptocurrency exchanges
Indeed, Binance and Coinbase are among the best cryptocurrency exchanges.
Binance.com is a cryptocurrency exchange founded in 2017. Binance managed to enter the TOP 3 among major exchanges in terms of average daily trading volume. Binance managed to enter the TOP 3 among major exchanges in terms of average daily trading volume.
Coinbase is a legal cryptocurrency exchange with over 40 licenses to operate in the United States and several other countries. Another thing that makes Coinbase so safe to use is that it cannot be used anonymously. According to KYC rules, users must provide government-issued ID. In some cases also proof of address in order to use the buy and sell functions on the crypto exchange.
Recall that at the end of the last month of 2020, Binance traffic exceeded a record 56 million visitors. And Coinbase made it to the top 10 free app store apps in the US last week.
The rise in popularity of these two sites suggests that more people are considering the possibility of investing in cryptocurrencies.