6 countries have more than 50% of BTC exchange traffic

[Ryker1]

Well for me, this may seemed to me not too reliable since the exchanges occur in every minute, -- and the moment they have published this in a split of seconds it could be different though. There are a lot of factors that any changes to this like the VPN and the possibility of the time difference in every country. That means it can be true that the traffic came from these countries yet only at a specific time that is why if we will check it on the other sites it will be different for they do it in another period of time.

[stompix]

Nevertheless, it's not an accurate data, just a representation of exchanges traffic because there are countries block acces to bitcoin or simply banned anything related to cryptocurrency.

And if those countries block anything related to bitcoin how do you expect that country to have anything close to significant in terms of usage and traffic?

Germany should also be in the top list, there are a lot of online stores that accepts bitcoin as payment.

Germany at least made it into the graph, but as I said, look for France and Spain which are not even there.
So you have a country with 70mil and a GDP per capita of 40k$ and another one with 45 mils and 38k/capita not listed there, but you have in top Andorra, a country squeezed between those, with an entire population that would make it the 98th largest town in Spain and the 65th in France.
And a lot, a lot of things that are at least weird, like Peru and Algeria going ahead of Germany and Italy combined.

I did not expect that the bitcoin exchange traffic is only circulating in 6 countries. I find it surreal to the point that it looks like bitcoin global adoption seem impossible.

But can you deal with the fact that 85% of the bitcoin ATMs are located in the US and Canada?
The numbers are indeed wrong because they tell only one part of the story, traffic, and you can have 100 people visiting the site and closing down without doing trade and you can have 10 making 1000BTC in trading a day.

[MCobian]

Although I'm not sure the data in the opening post is accurate, I do believe Bitcoin exchange traffic is increasing in almost every country.
As for the percentage of the United States, it may be true, because I believe that there are many users doing Bitcoin transactions on the
exchanges, probably because most of the Bitcoin ATMs currently in circulation are in America. This proves a little that the demand for Bitcoin
in America is quite high, Moreover, with Paypal deciding to accept Bitcoin, the demand for Bitcoin in America increased significantly.

[davis196]

Analysts noted the absence from the list of China and a number of other countries whose authorities block access using the Golden shield or its analogues. Residents of such countries are forced to rely on VPNs.

This clearly shows that this list isn't accurate,so there's no point of sharing it and discussing such misleading information.
It's not a secret that the majority of BTC miners are located in China.How would they move and sell their coins to crypto exchange platforms if they aren't using VPNs?
I really hope that China will,sooner or later, lift the ban over cryptocurrency trading.This will boost the Bitcoin price(and probably the altcoin prices too) really high.

[Kelvinid]

Although I'm not sure the data in the opening post is accurate, I do believe Bitcoin exchange traffic is increasing in almost every country.
As for the percentage of the United States, it may be true, because I believe that there are many users doing Bitcoin transactions on the
exchanges, probably because most of the Bitcoin ATMs currently in circulation are in America. This proves a little that the demand for Bitcoin
in America is quite high, Moreover, with Paypal deciding to accept Bitcoin, the demand for Bitcoin in America increased significantly.

Don't get bothered by what OP's had shown up, those presentation is changing this time.
Anyway, I'm not against that America leads the numbers as they are capable of but to find the rest country's position, that is something different.

It won't be very important anyway, the adoption continues, the number of users keeps growing, that something it fuels more traffic. But it won't wonder that those who belong to the 1st world country will be on the top while the 3rd world country will stay in the last position.

[xSkylarx]

I don't believe US has almost 20% of bitcoin traffics, most exchanges know that there are large number of traders in that country so they won't ban it. Users outside that country would definitely know that so they would obviously connect in that country. That percentage is not exactly inside US only.

[senya-com]

Thanks for interesting statistics! This data rises many socioeconomic tendencies all over the world, but surely should be accepted with other vital stats, such as exchange rate to population, total amount of BTC to population, poor-to-rich indexes, and mining capacity by country.

[amarchoudhary]

If Bitcoin is regulated in all countries, this number will be reduced.

[MusaMohamed]

hmm, sorry I am dumb.

I feel the exchange traffic is not good to express the usages of BTC exchanges. People can visit but they don't trade. They can visit to see price actions and even don't log in accounts. They can log in accounts but the amount of btc or crypto in their accounts are not reflected by exchange traffic. Two exchange users with same amount in balance have different trading volume in day or month (they are trader or investor so their trading activities on exchanges are different).

[bryant.coleman]

For some of the countries, I have a feeling that there may be under-reporting of data. For example, in India the local exchanges were closed down many months back and most of the trading occurs in peer-to-peer platforms. And most of these platforms may refuse to divulge trade volumes. The same can be said about other countries, such as China and the Latin American nations such as Brazil and Argentina.

[pooya87]

For some of the countries, I have a feeling that there may be under-reporting of data. For example, in India the local exchanges were closed down many months back and most of the trading occurs in peer-to-peer platforms. And most of these platforms may refuse to divulge trade volumes. The same can be said about other countries, such as China and the Latin American nations such as Brazil and Argentina.

when trades take place peer to peer then there is no volume being recorded anywhere to be reported later. there isn't exactly a platform to report it either, the "platform" is mostly a place where the two parties meet each other to make the trade in private without the rest of the world knowing about its details.
if it is any other way, then the method can not be called P2P anymore.

[beyond11]

I think if you go to Statista or Investing websites you will get much more accurate data related to cryptocurrencies.

[fiulpro]

The data keeps on changing every now and then and at the same time it's difficult to keep a track of this , right now I do believe that the countries listed here are actively involving themselves in Bitcoins.
On the other hand there are countries where people hold the most number of Bitcoins for example:
USA
Romania
China
Spain
Switzerland
South Korea
Then we have countries with the most number of mining farms like :
Russia
China
Iceland
USA
Switzerland
Now these statistical data is taken from google from various websites but there is no way of telling how accurate that is. One should understand for a fact that these countries are actively involving themselves doesn't necessarily mean that they are bitcoin friendly countries. If we do have to take a country into account which is massively involved with cryptocurrencies I do believe we would have to take everything into account here.

But that's good that some developing countries are also involving themselves in Bitcoins.