This question has also been asked and answered here: Klonopin vs Xanax - How are they different?
Both Xanax and Clonazepam are in the Benzodiazapine family of medications, both help with anxiety and/or panic disorder. One may work better for you and another (there are many meds in the Benzo family) may work great for someone else, so it's a matter of opinion as to which one is best.
There is not a whole lot of difference between the two medications.
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