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Author Topic: which country trade most in btc  (Read 24125 times)
Kevin77
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November 06, 2017, 03:15:29 PM
 #421

There is no statistic record which country trade most in bitcoin. I would like to know also the which country trade most in Bitcoin but if with proof we will be more happy to see it.
That is just the truth, there is none and there can never be a statistics record showing which country trades most unless some exchanges want to start sharing data though since most are not insisting on verification. The only thing we know now is the currency that is trading the most which is JPY and that is due to regulation and China's shutdown of exchanges which made most traders to move straight to the JPY market.



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November 06, 2017, 03:23:05 PM
 #422

At present most countries are well known to bitcoin and each country has some percentage of bitcoin users.
But the top 10 countries using bitcoin are
-United States
-Estonia
-Sweden
-South Korea
-Netherlands
-Finland
-Canada
-United Kingdom
-Australia
 All of the countries listed above have the demonstrated their willingness, whether on behalf of the population, the government or both, to embrace Bitcoin’s innovative technology.
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November 06, 2017, 07:16:32 PM
 #423

i have seen japanes exchanges it is bigger then China . But i guess it is fake volume
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November 06, 2017, 07:36:46 PM
 #424

I guess 1 or 2 years ago, America was the country that has the most transaction in Bitcoin, cause Bitcoin at the moment was used by hackers on the deep web. But now things are changing cause Bitcoin are more popular for now and maybe Japan has the most Bitcoin transaction ? Because their goverment accepted Bitcoin as an official method payment maybe ?
The regulation done by Japanese government really helped their trade market. It shows how users are ready to switch pretty fast to any available means to make use of the digital currency and it is good. China though will still have a comeback and that is for sure with some regulatory policies and that should really cause some little boom or maybe the Chinese traders moving in back with Yuan.

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November 07, 2017, 01:04:47 AM
 #425

I guess 1 or 2 years ago, America was the country that has the most transaction in Bitcoin, cause Bitcoin at the moment was used by hackers on the deep web. But now things are changing cause Bitcoin are more popular for now and maybe Japan has the most Bitcoin transaction ? Because their goverment accepted Bitcoin as an official method payment maybe ?
The regulation done by Japanese government really helped their trade market. It shows how users are ready to switch pretty fast to any available means to make use of the digital currency and it is good. China though will still have a comeback and that is for sure with some regulatory policies and that should really cause some little boom or maybe the Chinese traders moving in back with Yuan.
Broadly speaking I see countries in ASIA starting to support Bitcoin. japan and south korea become an example of how Bitcoin began to serve as an important and regulated by the government very well. Compared to european and american countries then Asia has a high level of usage, many countries have large population levels and they are mostly interested in using Bitcoin. today is indeed the United States of America to be the largest country in the world both economically and otherwise, but I believe in the future countries in Asia will be able to be bigger and can also greatly contribute to the development of global finance. one of the ways it is done is to start adopting Bitcoin in their financial system.

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November 07, 2017, 02:22:29 AM
 #426

I am looking for demographics. where btc is used most. We have just started accepting BTC
at pawnhost.com and mainly sell VPS, Ded servers and custom Entrepreneur solution.

I am looking for some stats. please guide.
For me, most Filipinos now are using bitcoin but most of Filipinos are earners. Most traders I think is into Japan or Korea, whom to be one of the biggest investors of bitcoin. They totally embraced bitcoin and I think they already accepting bitcoin for payment because it is already welcome into some businesses. Which is good and maybe a good start that some other countries will also open their doors for accepting bitcoin for payment.
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November 07, 2017, 11:13:05 AM
 #427

I feel its america.also china but they still trying to solve the bitcoin banned issue to thier country.

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November 07, 2017, 12:07:38 PM
 #428

I feel its america.also china but they still trying to solve the bitcoin banned issue to thier country.

Bitcoin is not banned in China, only Bitcoin and other coins exchanges that are based in China mainland are banned.

Chinese citizens and China based residents are still trading (buying and selling) Bitcoin and other coins on exchanges based outside mainland China.

Chinese citizens and China based residents are still mining Bitcoin and other coins.

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November 07, 2017, 11:58:22 PM
 #429

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.

Yes that's right, China is more on focus in bitcoin mining and obviously they have a big average of bitcoin mining farm in the whole world and that's why they banned ICO too to their place.

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November 08, 2017, 07:21:29 AM
 #430

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.

Yes that's right, China is more on focus in bitcoin mining and obviously they have a big average of bitcoin mining farm in the whole world and that's why they banned ICO too to their place.

Chinese are always involved in any opportunity that involves money so this is just right. They are the reason why many altcoins pump dramatically so there is no doubt that it's because of Chinese traders.

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November 08, 2017, 08:32:45 AM
 #431

Japan and China (before the ban) takes the gong for me.... Hands down.

Is it now forbidden in China to trade bitcoin? It seems to me that the terms of trade were simply tightened there. But Japan has already outstripped China for a long time in terms of trading with Crypto currency
Japan was smart enough to quickly take up that space and it is really paying off for them.
China had their reasons and we cannot blame them even though the whales used it ti generate a lot of FUDs, but it is a normal thing and now the market is moving on pretty fast even without China trading system in the show which shows no country can manipulate the currency just however they like.

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November 08, 2017, 11:46:20 AM
 #432

It's all about utilisation of Bitcoin!  In percentage metrics The US or an European country where Philippines are common.
There are too countries playing a key role like The United States, The United Kingdom, The Canada, The Sweden etc.
The japan can surpass The US or the China due to more adoption of Bitcoin.
To be added china is the top player of Bitcoin for many years, I believe more bitcoin miners exists there. The US holds legalisation problems with bitcoin.
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November 08, 2017, 02:14:37 PM
 #433

I make sure that it's China. As everyone can observe that when The far east banned ICO expense you can hardly see eco-friendly colour on the coinmarketcap ) Beside the biggest Bitcoin factory is located in The far east so that is the main reason why I think The far east is the country have biggest trade volume in the world
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November 09, 2017, 12:34:33 AM
 #434

china is a country with btc users with the largest btc trading, but now btc ban has been applied in that country.
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November 09, 2017, 07:12:56 AM
 #435

I think china and usa the most countries using bitcoin

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maimainguyen05
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November 09, 2017, 12:26:26 PM
 #436

For now I don't really know the exactly answer for this question but for few months ago I can ensure that it's China but for now China has banned Bitcoin already so I made the trading volume decreased a lot so maybe Japan or US is the leading of Bitcoin trading volume for now.

eviIweeviI
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November 10, 2017, 12:40:05 AM
 #437

I don't know the exact statistics however i see plenty of Nigerians on Paxful and also have exchanged with them as well.
Nwereonye
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November 10, 2017, 07:37:37 AM
 #438

Most European countries trade most on cryptocurrencies; I'll go with England
Sivanandam
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November 10, 2017, 07:57:11 AM
 #439

Hey Guys, How about the contribution from India?

cryptosiva
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November 10, 2017, 04:07:55 PM
 #440

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.

Yes that's right, China is more on focus in bitcoin mining and obviously they have a big average of bitcoin mining farm in the whole world and that's why they banned ICO too to their place.

Chinese are always involved in any opportunity that involves money so this is just right. They are the reason why many altcoins pump dramatically so there is no doubt that it's because of Chinese traders.
That is right that China has more users of bitcoin, but after turning bitcoin as legal currency we can expect that Japan may have more users as compare to any other country. In fact people are free in Japan to use bitcoin for anything they want there they do not need to convert their bitcoin in to their fiat currency first but they can easily use it for most of the purposes for which they would use their fiat currency.

   
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