Well, it is China, the biggest market for bitcoin. On the other hand, there is US too. They would greatly make the market of cryptos and bitcoin. But it is believed that within next 5 years US, China and India will be the top 3 country.
Topic: Which country trades the most bitcoin - page 9. (Read 2577 times)
The listing looks okay to me but they have ignored some small details like exchanges are banned in China which is why the correct volume of BTC being traded there cannot be determined. Moreover, The BTC to national currency rate of a lot of countries are also being ignored, because of that, countries that are dealing with inflation like Venezuela has made it to top 3 in the list.
think chain is the biggest market for bitcoin. Many people trading through it. I also found that usa people also willing to trade with it. So it also the very big market.
As I know that the major market for bitcoin is China. I hear a news that prices cannot increase to the month is the Chinese market that dominate the world market. suddenly the major transaction is in the USA.
as far as I know, China is trading the most bitcoin, and even then before there is a prohibition rule there. on the one hand I conclude that bitcoin is still a trade. that means bitcoin is still popular all the time.
It makes perfect sense that China is the country with the most Bitcoin transactions because China is a densely populated country, in China there are also many successful people who become billionaires, such as Shanghai City, many projects are developed here, there are many great works and machines that help transactions. Bitcoin is easy. And there are many other small factors.
I think that the Chinese market is trading more bitcoin in the world. With 36% of bitcoins are traded in China. Bitcoin market in China is growing lively. The Chinese government has been racing out the rules to bitcoin long-term operation.
China would have been easily in the top 1 position if their government didn't ban exchanges from operating there. Though Venezuela have been recently trading Bitcoins like never before but the amount is still very low for them to come third in the listing. Probably, the BTC to bolivar rate is being ignored here.
I think the United States is arguably the most bitcoin-friendly country in the world, and trades the most bitcoins , with the currency accepted by both major companies such as Dish Network and an increasing number of small businesses.
Before the ban the answer was undoubtly China but after this incident right now which is the top country in this purpose still unknown.
I think that China will dominate the crypto-currency market in the next 5 years. This will be a good boost for bitcoin prices.
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The first 3 countries were predictable, but Venezuela? I would never guess.
USA and Russia are in the top 2 sequence wise. 3rd, 4th and 5th place would go to UK, Venezuela and China according to the order that are written.
Searching the web, looking for bitcoin news, I found an interesting infographic that shows "Which country trades the most bitcoin".
The first 3 countries were predictable, but Venezuela? I would never guess.
The image just prove that Asian countries are more aware in global changes than other countries right now. As of now, we can see that asians are trying to innovate and be open worldwide in tremendous development in the world of technology. However, USA and other EU countries still uphold the largest volume when it comes in trading. African countries following up also. The first 3 countries were predictable, but Venezuela? I would never guess.
Very interesting...I'm sure that Venezuela will become an example for many countries.In General, I look at the whole picture and rejoice.More and more countries are starting to use cryptocurrency.That's cool.
Venezuela is the right example of crypto adoption because of country hyperinflation so sooner or later many countries will fall in economic crises and adapt to bitcoin
I am also shocked to see Venezuela in number 4. Maybe it's because this chart shows the trades for localbitcoins not for traded bitcoin volume.
Searching the web, looking for bitcoin news, I found an interesting infographic that shows "Which country trades the most bitcoin".
The first 3 countries were predictable, but Venezuela? I would never guess.
Bitcoin was introduced a decade ago , in 2008 and that time the introduction of bitcoin was considered as a alien technology and there was no one who was ready to trust on bitcoin and those who trusted are now the bitcoin billionaires and I think this is sufficient to suffice the fate and potential of bitcoin and now bitcoin has become very much popular and successful among countries and there are many countries who has legalised bitcoin in their nation and I think Venezuela 🇻🇪 is the country who trades the bitcoin most. The first 3 countries were predictable, but Venezuela? I would never guess.
I think china is the most trades country caused of reading some news and articles and some countries are not included trading because bitcoin are banned to their country and china prices cannot rise to the month is the Chinese market that dominates the world market.
Even though their government fully bans and neglect the usage of cryptocurrency on their own country there are still ways to get it from other resources. China is literally one of the biggest country and advanced country that has full control of the regulations on bitcoins yet there are still hard-headed citizen who doesn't obey and still trade because these citizens and individuals see the full capability of bitcoin and blockchain technology.
Searching the web, looking for bitcoin news, I found an interesting infographic that shows "Which country trades the most bitcoin".
The first 3 countries were predictable, but Venezuela? I would never guess.
from the list, it is very clear, number one USA, Russia and UK The first 3 countries were predictable, but Venezuela? I would never guess.
Searching the web, looking for bitcoin news, I found an interesting infographic that shows "Which country trades the most bitcoin".
The first 3 countries were predictable, but Venezuela? I would never guess.
Quated for the picture.The first 3 countries were predictable, but Venezuela? I would never guess.
It's because localbitcoins reports the price in usd at the official rate bolivar/usd.
In reality, the volume far is smaller
Switching the chart from BTC to bolivars you will see the difference.
Besides, that's data only for lcoabitcoins, most people in the EU and US don't use local bitcoins but exchanges...to which Venezuelans have no access.
I am surprise to realize from the information in localbitcoin that USA trade bitcoin most. I always think that USA government is strongly againt bitcoin and cryptocurrency so the citizen will not be able to trade cryptocurrency freely.
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