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Author Topic: which country trade most in btc  (Read 2563 times)
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June 04, 2017, 08:19:00 AM
 #1

I am looking for demographics. where btc is used most. We have just started accepting BTC
at our web hosting company that mainly sell VPS, Ded servers and Entrepreneur solution.

I am looking for some stats. please guide.
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June 04, 2017, 08:21:32 AM
 #2

I am looking for demographics. where btc is used most. We have just started accepting BTC
at our web hosting company that mainly sell VPS, Ded servers and Entrepreneur solution.

I am looking for some stats. please guide.

Percentage wise? Probably the US or any European country. Phillipinos are very common as well on this forum.

However if you are looking for just a number, then China imo is going to be the leader by far for bitcoin usage simply because there are so many people and so many people that want a free market currency. Volume wise they also trade the most.

I've also heard that the Chinese sometimes need VPS for investing in ponzis like mavrodi's mmm. No idea why they would do this. But apparently it's some sort of game for them to play...

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June 04, 2017, 08:29:32 AM
 #3

You can go here and look volume by currency https://www.cryptocompare.com/coins/btc/analysis/USD

JPY has a good percentage because crypto coins are legalized now there as far as I am considered. Also I have been reading that South Korea is a big player with the high volume and even sometimes prices are higher there than on the US exchanges so you might also want to look at that.

But I'll go with Chinese and Japan and Europe and US ofc. since most of the people are from there that use it.

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June 04, 2017, 10:57:35 AM
 #4

I am looking for demographics. where btc is used most. We have just started accepting BTC
at our web hosting company that mainly sell VPS, Ded servers and Entrepreneur solution.

I am looking for some stats. please guide.

Percentage wise? Probably the US or any European country. Phillipinos are very common as well on this forum.

However if you are looking for just a number, then China imo is going to be the leader by far for bitcoin usage simply because there are so many people and so many people that want a free market currency. Volume wise they also trade the most.

I've also heard that the Chinese sometimes need VPS for investing in ponzis like mavrodi's mmm. No idea why they would do this. But apparently it's some sort of game for them to play...

thanks very helpful
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June 04, 2017, 11:23:19 AM
 #5

Probably China. They are the biggest player of bitcoin for many years. I think they are also the biggest bitcoin miner as far i know. The next i think US but there are problems regarding on the legalization of bitcoin there. Maybe Japan can surpass US or even China due to massive adoption of bitcoin there. Many establishments there are now accepting bitcoin. Bitcoin growth there is phenomenal.

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June 04, 2017, 01:03:01 PM
 #6

I am looking for demographics. where btc is used most. We have just started accepting BTC
at our web hosting company that mainly sell VPS, Ded servers and Entrepreneur solution.

I am looking for some stats. please guide.

I don't think we can get the graphs to see the trading volume in country wise or more. You can check the traders volume in localbitcoins with the number of traders in that site. Other than that you can find any ways to identify the exact volume about it.




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June 04, 2017, 01:03:32 PM
 #7

Correct me If im wrong but I think China are the most dominant country upon trading with bitcoins and my basis for this is the article where it stated that they have the huge hashrate on minings so provably they are top unto this matter and also I will add russian since As i see also many russian people staking some bitcoins and they using it on different type of ventures wheter its illegal or legal.


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June 04, 2017, 01:42:09 PM
 #8

I am looking for demographics. where btc is used most. We have just started accepting BTC
at our web hosting company that mainly sell VPS, Ded servers and Entrepreneur solution.

I am looking for some stats. please guide.

i think its hard to know about the stats because every people which playing with bitcoin can not be track and we can only guess. if you want to sell your service, i think you need to promote in many media especially in social media or you can make a blog post for publisher or you can use signature service to attracted more customer. beside that, you see from the visitor that visiting your site, you will see from what country that is the most visitor so you can have your own stats and you can see from where people come from to your site.

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June 04, 2017, 02:14:20 PM
 #9

I would say China but that's the obvious answer, the next is European countries as well as many South Eastern countries trying to implement Bitcoin in their business and using it.

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June 04, 2017, 05:28:26 PM
 #10

So far, it may be any country. But Japan is going to lead the list of countries with most trade in bitcoin payments. It is obvious for Japanese people to dominate there as we do hear many new bitcoin based start ups coming up there almost every day.

As of now, I do hear some other Asian countries like Philippines and Indonesia are having more bitcoin accepting merchants for leading a routine life completely with bitcoin payments and I am not hearing these from any US/Europe countries.














 

 

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June 04, 2017, 10:42:40 PM
 #11

I'm a bit surprised that Japan is one of leaders. But I think China is most important player in a field. In China there are many bitcoin miners and trading volume here is huge. Things which happens in China often have important affect to worldvide markets.
Next big player is USA offcourse. But USD is used for bitcoin trading in a whole world.
Also, so far nobody mentioned Russia, I think we don't have forget them.

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June 04, 2017, 10:58:35 PM
 #12

I'd say the more economically developed the country the more BTC traded due to better infrastructure and higher disposable income. Having been said, lots of smaller and poorer nations are starting to adapt it at a fast rate as a more efficient payment method.
There are a few sites that show live maps of BTC transactions. Here's one you can look at to get an idea.
http://fiatleak.com

 

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June 05, 2017, 01:58:48 AM
 #13

I'm a bit surprised that Japan is one of leaders. But I think China is most important player in a field. In China there are many bitcoin miners and trading volume here is huge. Things which happens in China often have important affect to worldvide markets.
Next big player is USA offcourse. But USD is used for bitcoin trading in a whole world.
Also, so far nobody mentioned Russia, I think we don't have forget them.

I believe we have the impression that most BTC traders are chineses because the chinese exchanges are very famous and used by people, but we don't really know if the users are chinese, I believe many other asian country's people are trading as well and they are very active on this market. I risk to say most traders are from Asia, but I can't say from which country in special.

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June 05, 2017, 02:04:10 AM
 #14

I am looking for demographics. where btc is used most. We have just started accepting BTC
at our web hosting company that mainly sell VPS, Ded servers and Entrepreneur solution.

I am looking for some stats. please guide.

Percentage wise? Probably the US or any European country. Phillipinos are very common as well on this forum.

However if you are looking for just a number, then China imo is going to be the leader by far for bitcoin usage simply because there are so many people and so many people that want a free market currency. Volume wise they also trade the most.

I've also heard that the Chinese sometimes need VPS for investing in ponzis like mavrodi's mmm. No idea why they would do this. But apparently it's some sort of game for them to play...
Filipinos* . Bitcoin is not yet widely known in Philippines even with the number of Filipinos here in the forum. The bitcoin economy in our country is still small and we are still trying to spread word about it. Anyway, to answer OPs question I think asian country like china and japan has a higher volume of trading in btc these days. Tho a lot of people in US  are trading, I think the adaptation of asian countries affects the rise of traders jn these countries.

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June 05, 2017, 07:13:07 AM
 #15

I am looking for demographics. where btc is used most. We have just started accepting BTC
at our web hosting company that mainly sell VPS, Ded servers and Entrepreneur solution.

I am looking for some stats. please guide.

Percentage wise? Probably the US or any European country. Phillipinos are very common as well on this forum.

However if you are looking for just a number, then China imo is going to be the leader by far for bitcoin usage simply because there are so many people and so many people that want a free market currency. Volume wise they also trade the most.

I've also heard that the Chinese sometimes need VPS for investing in ponzis like mavrodi's mmm. No idea why they would do this. But apparently it's some sort of game for them to play...

Yap probably most transactors would come from US EU and Russia. As these places are the ones who is trying to innovate btc in the economy. Also most businessmen are found here. Philippines still have to adapt to it's governemtn because most Filipinos here like me are just working in an underground way where we would do this as an income but not really with the interaction of the government.

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June 05, 2017, 07:24:57 AM
 #16

Currently most countries are know to bitcoin. Each country has some percentage of bitcoin users.
But the top 10 countries using bitcoin are
-Estonia
-United States
-Denmark
-Sweden
-South Korea
-Netherlands
-Finland
-Canada
-United Kingdom
-Australia

The countries are listed in no particular order since each nation has its own idiosyncrasies, differences in population, internet connectivity, etc. However, all of the countries listed have demonstrated their willingness, whether on behalf of the population, the government or both, to embrace Bitcoin’s innovative technology.

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June 05, 2017, 07:30:31 AM
 #17

btc is used most in western countries. And hardly, in continents such as Africa.

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June 05, 2017, 07:35:41 AM
 #18

I feel germany is missing there, it's 100% legal to use Bitcoin, a lot of btc nodes are in germany. Berlin is a major tech startup hub.

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June 05, 2017, 09:02:37 AM
 #19

I feel germany is missing there, it's 100% legal to use Bitcoin, a lot of btc nodes are in germany. Berlin is a major tech startup hub.
Yeah Germany too had got more users as well this has been recognised as the technology hub for blockchain technology. But most of the trades happens with US, China, and now Japan has entered the market. Soon Japan will lead as the usage here is legalized by the government.

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June 05, 2017, 12:02:45 PM
 #20

Japan, US, Canada, China and South Korea are the dominant countries now in terms of bitcoin trading volume. I think Japan is controlling 50% volume trading daily if I'm not mistaken. It only make sense that Japan will dominate because it has embraced bitcoin already. China is coming back into the frame, so I think they want to took the no. 1 spot again. And so is South Korea, seeing some of them exchangers are 100$ more premium than other exchangers.

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June 05, 2017, 12:29:37 PM
 #21

Currently most countries are know to bitcoin. Each country has some percentage of bitcoin users.
But the top 10 countries using bitcoin are
-Estonia
-United States
-Denmark
-Sweden
-South Korea
-Netherlands
-Finland
-Canada
-United Kingdom
-Australia

The countries are listed in no particular order since each nation has its own idiosyncrasies, differences in population, internet connectivity, etc. However, all of the countries listed have demonstrated their willingness, whether on behalf of the population, the government or both, to embrace Bitcoin’s innovative technology.
I think you should include in the list the country of philippines there are lots of people are bitcoin users and it is 100% legal and there ia also local bitcoin wallet with a great services that is why people there are continuous adopting bitcoin.


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June 05, 2017, 01:48:52 PM
 #22

Currently I think countries in Asia are becoming the most active using bitcoin. In asia bitcoin already has a great place because it has started emerging countries that recognize bitcoin and provide flexibility in the spread of bitcoin in the country. This is a new thing of course, this can help the development of bitcoin much better.

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June 05, 2017, 02:37:10 PM
 #23

I am looking for demographics. where btc is used most. We have just started accepting BTC
at our web hosting company that mainly sell VPS, Ded servers and Entrepreneur solution.

I am looking for some stats. please guide.

China, is the biggest BTC market of the world. But they are 1,5 billion... In percent of the population I have no idea... maybe Estonia ? Japan ?

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June 05, 2017, 03:04:57 PM
 #24

I think China is country most trade in BTC Smiley

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June 05, 2017, 03:37:41 PM
 #25

I think China is country most trade in BTC Smiley

I think that this is obvious. China has always been a leader in this field. And it does not depend on the population. It's just that the crypto currency is very developed and many people use it day to day

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June 05, 2017, 05:16:43 PM
 #26

So far I know, my opinion will go along with China, Chinese people are using Bitcoin than any other countries, in huge population, Bitcoin is very popular among themselves, they are playing a big role in this sector, basically in Asia, Bitcoin is becoming one of the popular form of transaction tools.

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June 06, 2017, 12:05:36 AM
 #27

I do believe the big costumers are from Japan at the moment since they had legalized bitcoin already soo they can invest without worries, then i do believe its USA, then Europe and i do believe Venezuela and Brazil has already some volume.

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June 06, 2017, 06:46:43 AM
 #28

We do all know when it comes to bitcoin activity china do have the edge among other countries since thinking of that they hold major mining operations or even supply on miners and its normal to think off that they do have really interest on bitcoin and basing on exchange we saw big volumes on chinese exchanges.


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June 06, 2017, 07:28:42 AM
 #29

Well in this question one country comes in my mind..., Korea if you reading the news about bitcoin in korea you will be surprise they used it as a legal money there but high value.
Ofcourse korea trading is one of the most trading in the world because it is legal they have equipments there
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June 06, 2017, 12:49:12 PM
 #30

The report from those sites to me should not be totally relied upon without making rooms for error and the reason for my submission is because we all know the inpoertane of VPN or proxy where I could be sitting somewhere far east Asia while my IP can be saying I am in USA and the report will read someone from USA is using a site. The best is to try generate the report yourself as we have seen softwares that break the proxy services that will show the true position of users.


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June 06, 2017, 02:04:50 PM
 #31

I think in the beginning China was first in the trade of bitcoin but now when Japan accepted bitcoin for their state then we an say that in Japan the trade of bitcoin is more high because of that the price of bitcoin is increased very high.


 
 
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June 06, 2017, 02:30:57 PM
 #32

he country that trade most of the bitcoin is the United states. Because they are already using bitcoin in change of their commercialized products and many americans are already aware on what bitcoin is.

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June 06, 2017, 02:59:26 PM
 #33

I am looking for demographics. where btc is used most. We have just started accepting BTC
at our web hosting company that mainly sell VPS, Ded servers and Entrepreneur solution.

I am looking for some stats. please guide.

Majority, it's china and usa they are both Dominant And have a Good economy to their Country also japan who recently embrace the culture of bitcoin but china nowadays have the most trades in bitcoin they really have a great stocks and great market where their citizen are really experiencing the benefits of it

1. China 2. USA 3. Japan
this three really making a great impact to the bitcoin market

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June 06, 2017, 03:07:49 PM
 #34

In my opinions the united state of America and China that has large trading volume and they know about bitcoins
that is good for marketing the products vps that accept bitcoins for payment method,
also not only bitcoins must be used for payment method but the altcoins too like ETH, dash, monero and other altcoins
because many traders altcoins on there too.

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June 06, 2017, 08:50:35 PM
 #35

China and USA, the two major and really important players in crypto scene, other than them maybe Japan could be considered as a tech giant and an advanced country to be able to compete with those 2 countries. little Wu/ head of Bitmain/ Antpool and almost 65% of all the miners/ holders/ whales are Chinese, however there is no actual trade as constantly selling and buying products/ items it's rather a profit taking market currently and hopefully soon we'll exit this phase and will enter in new phase of merchandise in exchange for BTC instead of just BTC/ USD/ fiat.

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June 06, 2017, 09:39:47 PM
 #36

I think China is the most country that trade bitcoin massively. There is a giant community of bitcoin miners which produce almost 50% of spreaded btc nowadays.
With that fact we can assume, bitcoin trading activities on China is the biggest in the world.


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June 06, 2017, 11:39:14 PM
 #37

I think in the beginning China was first in the trade of bitcoin but now when Japan accepted bitcoin for their state then we an say that in Japan the trade of bitcoin is more high because of that the price of bitcoin is increased very high.
but to me i think even japan accepted bitcoin as legal currency but still the users and trader of bitcoin will be much more than Japan, the reason is that China has a huge population and on other side the most number of bitcoin minors are also from China, and therefore i think that the number of bitcoin users and bitcoin traders will be more in China as compare to Japan. i am hopeful that very soon China will also consider bitcoin as legal currency.

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June 07, 2017, 01:12:43 AM
 #38

Right now China and Korea seems to be the top market for bitcoin and other digital currencies trading and usage. Japan is on the fight to lead in the development, hope Japan soon makes a change as the usage and trading volume has started to peak as the people are much aware about bitcoin as it has been provided the similar status to the country's own fiat.


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June 07, 2017, 05:55:24 PM
 #39

Right now China and Korea seems to be the top market for bitcoin and other digital currencies trading and usage. Japan is on the fight to lead in the development, hope Japan soon makes a change as the usage and trading volume has started to peak as the people are much aware about bitcoin as it has been provided the similar status to the country's own fiat.
I too believe Japan will lead this group in real soon. China must be an obvious leader here as we do see lot of start ups related to bitcoin ecosystem like from exchanges to mining to merchants, Chinese people must be having more options to spend their bitcoins.

The core reason for this must be cheap electricity which triggered cheaper mining farms. Those mining operations in large scale obviously lead to wide awareness among common public.This must be the reason China would be the country with most BTC transactions.

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June 07, 2017, 06:35:05 PM
 #40

I have to ask because im not sure if you mean which country does the biggest part of BTC trading volume, or just a country which has the biggest percentage of bitcoin users/traders?
That was not so obvious for me, but I assume that was the first thing I said.
Well, Im almost sure that would be China, because even when there are not so many people using bitcoin (expressed in percentages) but the numbers are overwhelming: just take a look at chinese cryptocurrency exchanges, they are making so many orders in a really short period of time.
But USD plays an extremely important role for bitcoin, you should always think globally when it comes to cryptos.

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June 07, 2017, 11:28:42 PM
 #41

I think US is on the top till now, having maximum number of bitcoin users. Now Japan is also accepting bitcoins as legal currency this shows the interest of Japanese towards bitcoins. China is also increasing number of users day by day. Not sure who will lead in the future.

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June 08, 2017, 11:05:53 AM
 #42

Well, I stand to be corrected. The country of China has the largest numbers of Bitcoin traders at present when compared to other countries of the world, but Japan is coming up in recent time followed by the United State of America.

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June 08, 2017, 10:49:04 PM
 #43

I think US is on the top till now, having maximum number of bitcoin users. Now Japan is also accepting bitcoins as legal currency this shows the interest of Japanese towards bitcoins. China is also increasing number of users day by day. Not sure who will lead in the future.
i think mo one know the actual number of btcoin users, and it is also not possible to say that what country has the great number of bitcoin users, because it is anonymous. but in general as people says that the number of bitcoin miner are more in China and as per their population it is expected that the number of bitcoin users will be greater in china than any other country. and therefore China will be trading bitcon the most.

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June 09, 2017, 12:44:40 PM
 #44

I think China is the leading country to use Bitcoin, because it very much popular in this country. Many user comes from China, so China would be the number one country..

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June 09, 2017, 04:39:26 PM
 #45

The legal status of bitcoin varies substantially from country to country and is still undefined or changing in many of them. Whilst the majority of countries do not make the usage of bitcoin itself illegal (with the exceptions of: Bangladesh, Bolivia, Ecuador & Kyrgyzstan), its status as money (or a commodity) varies, with differing regulatory implications. While some countries have explicitly allowed its use and trade, others have banned or restricted it.
https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
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June 09, 2017, 08:20:09 PM
 #46

I think China is the leading country to use Bitcoin, because it very much popular in this country. Many user comes from China, so China would be the number one country..
I also think that China is very much working in the field of crypto-currency. The fact is that according to statistics, even the maximum number of the miner  is there. Many experts have long said that the main control is behind the Chinese. But recently, Japan is practically breathing in the back of the head to the Chinese in the use and extraction of Bitcoin.
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June 10, 2017, 01:20:29 AM
 #47

Living in China I barely see daily use cases of BTC (aka no shops accepting, online or offline)

Since people have been mentioning that Japan has seem mass adoption, can someone from Japan confirm that? Are we seeing shops and retails using bitcoin as payment options?

Thanks
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June 10, 2017, 04:48:18 AM
 #48

Based on CoinDesk Research, China remains the dominant player controlling the highest volume traded in bitcoin. Perhaps this is because China has the most number of exchanges that opened prior to non-Chinese exchange market. BTCC, for example, is the longest-running bitcoin exchange in the world. They have their own pool that mined around 11% of all squares, according to bitcoinmining, and controls around 240 in PH/s metric scale. Besides, they have cheap electricity which is one of the most important elements in mining operation.

Now I suggest you read the following articles as they give a very informative insight as to why China dominates in bitcoin mining:

Change in China (And What It Means For Bitcoin) by Noelle Acheson

China's Market Dominance Poses Questions About Global Bitcoin Trading Flows by Joon Ian Wong

China's Dominance In Bitcoin Mining



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June 10, 2017, 08:37:59 AM
 #49

Based on CoinDesk Research, China remains the dominant player controlling the highest volume traded in bitcoin. Perhaps this is because China has the most number of exchanges that opened prior to non-Chinese exchange market. BTCC, for example, is the longest-running bitcoin exchange in the world. They have their own pool that mined around 11% of all squares, according to bitcoinmining, and controls around 240 in PH/s metric scale. Besides, they have cheap electricity which is one of the most important elements in mining operation.

Now I suggest you read the following articles as they give a very informative insight as to why China dominates in bitcoin mining:

Change in China (And What It Means For Bitcoin) by Noelle Acheson

China's Market Dominance Poses Questions About Global Bitcoin Trading Flows by Joon Ian Wong

China's Dominance In Bitcoin Mining




Have you factored in the changes in Chinese regulation in Jan/Feb this year when the government disallowed illegal "fake" trading whereby insider buy and sell who reduced China's daily trading by a very big proportion. I still believe that China could be the biggest trading country still, but it has dropped significantly since the ban. I am not sure how their government did it but I suspect each trade might actually be taxed (very small amount) so it basically disincentived the exchanges to keep trying to one up each other by performing fake trades.

My 2 cents.
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June 10, 2017, 05:20:49 PM
 #50

Living in China I barely see daily use cases of BTC (aka no shops accepting, online or offline)

Since people have been mentioning that Japan has seem mass adoption, can someone from Japan confirm that? Are we seeing shops and retails using bitcoin as payment options?

Thanks

I'm very surprised at your answer. I was sure that bitcoin in China is developing very quickly and is being accepted in all stores. And in terms of sales China leads. But it turns out that everything is not so.
thanks for the info
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June 11, 2017, 05:10:10 AM
 #51

Living in China I barely see daily use cases of BTC (aka no shops accepting, online or offline)

Since people have been mentioning that Japan has seem mass adoption, can someone from Japan confirm that? Are we seeing shops and retails using bitcoin as payment options?

Thanks

I'm very surprised at your answer. I was sure that bitcoin in China is developing very quickly and is being accepted in all stores. And in terms of sales China leads. But it turns out that everything is not so.
thanks for the info

In the day-to-day stuff, such as paying in restaurants and renting a bike. Things are pretty cashless and everyone uses wechatpay and alipay. I would go so much to say that in certain stores ~50% is paid through apps.

However there is no sight with crypto in daily use case. Trading yes but not daily usage.
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June 11, 2017, 10:30:47 AM
 #52

I am looking for demographics. where btc is used most. We have just started accepting BTC
at our web hosting company that mainly sell VPS, Ded servers and Entrepreneur solution.

I am looking for some stats. please guide.
Once bitcoin trade took place more in US, but now china has overthrown it.Yuan makes up 100% of all bitcoin trading in 2017 which was less than 10% in 2012.So most of bitcoin trading is done in china.


 
 
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June 11, 2017, 10:56:29 AM
 #53

No doubt most bitcoins transactions per day or even per month is within china,china has the most number of bitcoins users and bitcoin mines which boost numbers of transactions in their country,philippines and united states i think is one of the most number of transactions in the world

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June 11, 2017, 03:55:10 PM
 #54

No doubt most bitcoins transactions per day or even per month is within china,china has the most number of bitcoins users and bitcoin mines which boost numbers of transactions in their country,philippines and united states i think is one of the most number of transactions in the world
My country is philippines and I think also my country is one of the country have many transaction using bitcoin. Filipinos are very active in bitcoin world I see the group that they have many filipinos active and they post even midnight or they active 24/7 . I hope my country will be the list of top 10 most country have bitcoin user. United states also have many bitcoin transaction.

                         
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June 11, 2017, 05:03:50 PM
 #55

No doubt most bitcoins transactions per day or even per month is within china,china has the most number of bitcoins users and bitcoin mines which boost numbers of transactions in their country,philippines and united states i think is one of the most number of transactions in the world
My country is philippines and I think also my country is one of the country have many transaction using bitcoin. Filipinos are very active in bitcoin world I see the group that they have many filipinos active and they post even midnight or they active 24/7 . I hope my country will be the list of top 10 most country have bitcoin user. United states also have many bitcoin transaction.
Among the Asian nations once after China, Korea and Japan, Philippines has a good market for bitcoin. This is because of the increased acceptance in the country without regulations but not much oppositions from the government keep them more active in bitcoin. Hope by the years to come the competence will be high, because of the increasing legalized usage.

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June 11, 2017, 05:08:35 PM
 #56

I think US is on the top till now, having maximum number of bitcoin users. Now Japan is also accepting bitcoins as legal currency this shows the interest of Japanese towards bitcoins. China is also increasing number of users day by day. Not sure who will lead in the future.
The US does not have a chance to involve in Bitcoin as much as the China is doing. You need to know that there are many Chinese are trading bitcoin in their country and most of the world bitcoin volume is created by the Chinese. Therefore, they have a great impact over the bitcoin price and some major altcoin on the market

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June 11, 2017, 08:06:00 PM
 #57

I guess the bigest trader or the most trader country is korea as all we know bitcoin today is the legal currency that we can use in the korea though it is so expensive there but based on the blog that i read korea has a biggest stock of the bitcoin today and traders also.
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June 11, 2017, 09:21:02 PM
 #58

A lot of countries to consider with highest volume of bitcoin that is being trade. After Japans acceptance, next is Korea and for sure Europe, America and other countries in South East Asia. Also include India into it, I haven't saw a demographics about it but it seem that bitcoin is popular on those that I mentioned.

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June 12, 2017, 03:21:29 AM
 #59

My country is philippines and I think also my country is one of the country have many transaction using bitcoin. Filipinos are very active in bitcoin world I see the group that they have many filipinos active and they post even midnight or they active 24/7 . I hope my country will be the list of top 10 most country have bitcoin user. United states also have many bitcoin transaction.

Indeed, the Philippines is very active in bitcoin trade.

Any idea which exchanges do Pinoy prefer? And is it used actively as a means to remit money back to PH?
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June 12, 2017, 08:58:51 AM
 #60

No doubt most bitcoins transactions per day or even per month is within china,china has the most number of bitcoins users and bitcoin mines which boost numbers of transactions in their country,philippines and united states i think is one of the most number of transactions in the world

that is wrong, now japan is leading one in trade volume china is secodn now, this after the japan adoption as of bitcoin, i can imagines if china were to adopt bitcoin like japan it would be the first one again

but only because they more than other, so it's safe to think that despite the huge number people in china there are few people trading bitcoin now, because japan is much smaller and have a better volume...

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June 13, 2017, 09:34:07 AM
 #61

No doubt most bitcoins transactions per day or even per month is within china,china has the most number of bitcoins users and bitcoin mines which boost numbers of transactions in their country,philippines and united states i think is one of the most number of transactions in the world

that is wrong, now japan is leading one in trade volume china is secodn now, this after the japan adoption as of bitcoin, i can imagines if china were to adopt bitcoin like japan it would be the first one again

but only because they more than other, so it's safe to think that despite the huge number people in china there are few people trading bitcoin now, because japan is much smaller and have a better volume...

Waw ,, i just found out that now japan is leading. Because before I know only china most bitcoin holders ,, and he said china also has a mining tool

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June 13, 2017, 10:42:00 AM
 #62



Based on current trading volume of Bitcoin. We can see Japan,China,Korea and Europe are countries which trading BTC popularly.

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June 13, 2017, 01:48:58 PM
 #63

So far, it could be any country. However, Japan based Leadership Offers  percent of the Philippines, Indonesia, the massive expansion of Bitcoin. Bitcoin us/europe countries use less.
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June 13, 2017, 02:25:59 PM
 #64

i think the most many trader in the world is in the korea as you can see korea has now the biggest stock of bitcoin, though it is too expensive but i know that korea is so smart to trade some coins in the market also they are smart because they just make the bitcoin as a leggal currency
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June 13, 2017, 02:35:36 PM
 #65

Currently most countries are know to bitcoin. Each country has some percentage of bitcoin users.
But the top 10 countries using bitcoin are
-Estonia
-United States
-Denmark
-Sweden
-South Korea
-Netherlands
-Finland
-Canada
-United Kingdom
-Australia

The countries are listed in no particular order since each nation has its own idiosyncrasies, differences in population, internet connectivity, etc. However, all of the countries listed have demonstrated their willingness, whether on behalf of the population, the government or both, to embrace Bitcoin’s innovative technology.

I`m surprised that I see Estonia on this list, not in a bad way. I found where you took this list from news.bitcoin.com, with little explanations under, but like always I love to see what people have to say about that, and in first comment represents my first thought about Estonia and this news, when I continued to read I have to agree with most people there, where I Germany, Philippines, China, India, what is happening in Brazil,  and other countries from South America? I tried to search more about it, but I constantly have same results.

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June 13, 2017, 03:32:19 PM
 #66

i think the most many trader in the world is in the korea as you can see korea has now the biggest stock of bitcoin, though it is too expensive but i know that korea is so smart to trade some coins in the market also they are smart because they just make the bitcoin as a leggal currency

Japan is having more number of trading sites when compare with the others trading in rest of the countries. We know that bitcoin is been accept bitcoin as a legal money few months back. Therefore, they would not be worry about it is illegal in usage.


 
 
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June 13, 2017, 08:21:44 PM
 #67

i think the most many trader in the world is in the korea as you can see korea has now the biggest stock of bitcoin, though it is too expensive but i know that korea is so smart to trade some coins in the market also they are smart because they just make the bitcoin as a leggal currency

Japan is having more number of trading sites when compare with the others trading in rest of the countries. We know that bitcoin is been accept bitcoin as a legal money few months back. Therefore, they would not be worry about it is illegal in usage.
It seemed to me that even until recently, the Chinese controlled the Bitcoin and its sale. Maybe I'm wrong. But really. What's happening lately, a very huge interest in the crypto currency has grown in Japan. The Japanese made such an excitement that the Japanese government made a step towards creating its own crypto currency. Therefore, yaponiya leads a very good business in the Bitcoin trade.
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June 13, 2017, 08:41:08 PM
 #68

China is still leading in crytocurrency trading. Though since last year people bank of China keep on bands some of the features like margin trade on most of the exchangers platform! China is still leading. Japanese are coming up and even USA  traders are increasing day by day.

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June 13, 2017, 09:08:34 PM
 #69



Based on current trading volume of Bitcoin. We can see Japan,China,Korea and Europe are countries which trading BTC popularly.

It gives an idea about who most trade Bitcoins, but not exactly. We know exchanges of these countries are being used, but maybe by foreigners, no? Seems the traders in Europe are splitted among many different countries, so the asians are the most traders, however, it's not possible to know if they are really from China, Japan or Korea, there are many others like indonesians, Philippines, indians probably using the same exchanges.

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June 13, 2017, 09:11:26 PM
 #70

For me my country is of the most trade of bitcoin. Because everyday we have a lot of transaction because we have a lot of active members if you see the faceboook group they have many filipinos there even 12 am they have a lot of active there.


 
 
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June 14, 2017, 01:35:24 AM
 #71

So far I know, my opinion will go along with China, Chinese people are using Bitcoin than any other countries, in huge population, Bitcoin is very popular among themselves, they are playing a big role in this sector, basically in Asia, Bitcoin is becoming one of the popular form of transaction tools.
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June 14, 2017, 02:39:34 AM
 #72

1 usa
2 china
 now i see latin american trade alot ..brasil and venezuela are the number one in latin america and there many Btc atm
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June 14, 2017, 03:01:06 AM
 #73

Currently I think countries in Asia are becoming the most active using bitcoin. In asia bitcoin already has a great place because it has started emerging countries that recognize bitcoin and provide flexibility in the spread of bitcoin in the country. This is a new thing of course, this can help the development of bitcoin much better.
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June 14, 2017, 04:57:51 AM
 #74

With no doubt,china has most mining farms and hence hols more btc.Obviously,most trades in btc is carried out in china.China has lost its manipulating power in bitcoins but still it is the dominant country in bitcoin trading.It has overthrown US earlier in bitcoin trading.Now we could expect that japan could become a competitor to china in bitcoin trading since bitcoin has been announced as legal payment in japan.

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June 15, 2017, 02:07:31 AM
 #75

We neeed to distinguish between

1. Country promoting in (aka daily usage)
2. Trading (aka buying and selling of coins)

China is very active on item 2 but non existent on item 1.

I am curious about Japan, which was said to be doing in on a policy/government level. So I heard about Russia, but maybe just the Putin Vitalik hype.
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June 15, 2017, 04:19:42 AM
 #76

We neeed to distinguish between

1. Country promoting in (aka daily usage)
2. Trading (aka buying and selling of coins)

China is very active on item 2 but non existent on item 1.

I am curious about Japan, which was said to be doing in on a policy/government level. So I heard about Russia, but maybe just the Putin Vitalik hype.
About what you said at the very end of your message, and I think many people think but do not talk about it. But as for the crypto currency, today many countries are starting to work in this direction and even create their own crypto currency. Anyway, it seems to me that the countries of the East are very active with Bitcoin and that's why China and Japan can be leaders in the Bitcoin trade.
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June 15, 2017, 04:34:48 AM
 #77

I would say China but that's the obvious answer, the next is European countries as well as many South Eastern countries trying to implement Bitcoin in their business and using it.
Indonesi the next country, i hope

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June 15, 2017, 04:44:10 AM
 #78

I would say China but that's the obvious answer, the next is European countries as well as many South Eastern countries trying to implement Bitcoin in their business and using it.
Indonesi the next country, i hope
We have very strong activity in the field of crypto-currency names of Asian countries, they are of Europe. This is surprising when they thought that Europe is more developed on this issue. If we trace even the presence of trade exchanges, then the largest and more developed in Asia again.
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June 15, 2017, 05:01:04 AM
 #79

I am looking for demographics. where btc is used most. We have just started accepting BTC
at our web hosting company that mainly sell VPS, Ded servers and Entrepreneur solution.

I am looking for some stats. please guide.
About the 5-6 months ago the big user of the Bitcoin was the China because mining of the Bitcoin was easy and profitable for them and due to this reason many of them were using Bitcoin and Bitcoin mining for the profit purpose .
But in this year the Japan government regulated the use of Bitcoin and declared Bitcoin as legal way of payment and investment and after that many services in Japan accepted Bitcoin to serve Thier services and started making profit . Like airlines , hotels , casino and few local shops also accepted Bitcoin for the payment .
So currently the big user of the Bitcoin is Japan and China .
If you will start your business with the Bitcoin then I will say that first of all you should study about it for the small payment disadvantages because single transaction needed 2-3$ fee for confirmation soon . but in case of bulk transaction you will never feel any loss .


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June 15, 2017, 05:03:38 AM
 #80

chinese community trades it more dude

i heard they are the one manipulating BTC prices

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June 15, 2017, 09:40:46 AM
 #81

before i post here and answer this question i kindly make some research about this because im curious also on which of all country trade most in bitcoin, well based on my research the most trader in world found in korea as well in Europe, korea now is the one of the biggest stack holder of bitcoins, and europe is also the one of the biggest stack holder of bitcoins. 

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June 15, 2017, 10:47:05 AM
 #82

So far, it could be any country. However, Japan based Leadership Offers  percent of the Philippines, Indonesia, the massive expansion of Bitcoin. Bitcoin us/europe countries use less.

bit coinBTC mostly use in Us and European  countries.  but now BTC expand in asian countries like korea, Philippines and many more

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June 15, 2017, 12:45:24 PM
 #83

these question is already done and answer in another thread but because i am answering this question i made a lot of researches in order to make right decision here, so based on my research the country which trade most in bitcoin is north korea they just bought a hundred million dollars in bitcoin value. try to do some research.
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June 15, 2017, 01:46:34 PM
 #84

So far, it could be any country. However, Japan based Leadership Offers  percent of the Philippines, Indonesia, the massive expansion of Bitcoin. Bitcoin us/europe countries use less.

bit coinBTC mostly use in Us and European  countries.  but now BTC expand in asian countries like korea, Philippines and many more

I'm not sure if they have the biggest volume of transactions. But I know they are one of the countries that are using bitcoin. But as I say, there's no final statistics on what country are doing the most trade in bitcoin. I only know on what coin is having the highest volume that is happening on a daily basis, exchange does have that record.

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June 18, 2017, 08:31:08 PM
 #85

So far I know, my opinion will go along with China, Chinese people are using Bitcoin than any other countries, in huge population, Bitcoin is very popular among themselves, they are playing a big role in this sector, basically in Asia, Bitcoin is becoming one of the popular form of transaction tools.


I also think that china is the first place  on the list, the influence of this country is too much, and I think they have the largest stock of BTC and if they do not have it at any time they will do eventually.

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June 19, 2017, 10:02:36 PM
 #86

these question is already done and answer in another thread but because i am answering this question i made a lot of researches in order to make right decision here, so based on my research the country which trade most in bitcoin is north korea they just bought a hundred million dollars in bitcoin value. try to do some research.

Yes I also read this in other thread and they saying Korea is in the top. But I also do some readings that the China is the country that trade the most.
Bitcoin is mostly traded here.
https://www.google.com.ph/amp/s/amp.businessinsider.com/bitcoin-trading-china-yuan-remnibi-2017-1

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June 20, 2017, 01:30:20 AM
 #87

btc is used most in western countries. And hardly, in continents such as Africa.
Southeast Asia is a big market, I think this country will soon legalize Bitcoin like Malaysia, Philippines, Indonesia, Thailand and singapure.BTC


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June 20, 2017, 05:53:35 AM
 #88

I think China is the biggest market. They affect a lot to world bitcoin market.

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June 20, 2017, 11:18:00 AM
 #89

I am looking for demographics. where btc is used most. We have just started accepting BTC
at our web hosting company that mainly sell VPS, Ded servers and Entrepreneur solution.

I am looking for some stats. please guide.
With no doubt,China trades most in bitcoins.Earlier,it was US,but now china has overthrown it and has become dominant in bitcoin trading.We could expect japan and south korea to compete with china in future.

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