Which country trades the most bitcoin

[Jaycee99]

china for sure before the banning , but after that the bitcoin alocation was buying by people /  investor at argentina and surrounding there

well China didn't ban bitcoin trading, they banned their exchanges from working. that indeed damaged the volume that was going in bitcoin but it  didn't stop it. those who wanted to buy bitcoin has been doing it elsewhere on different exchanges which doesn't show up on stats like this.

Q1
How is it pkssible than? Trading with an exchange that is impossibleto work on?

I can mot imagine how bitcoin trading works without an exchange ban in the county and now still ban until today.

Q2

What is there option? I see a worthless bitcoin that can be use trading but not in a simple exchange?

Also base on what I know the thing rgat Have been ban on the country are bounties in china?

How is it possible? Thanks for the answers in the future.

[IamKnowledge]

Hahahahaaaahaaaa! Funny question. I guess its going to be United States of America or probably Venezuela. For the mining of bitcoins too, I know the Asians on top; the Chinese especially are doing so much work. That is my suggestion, I may be wrong anyway.

[dgreat]

The Bitcoin trading volumes show that Venezuelans are increasingly turning to Bitcoin to preserve what little wealth they have left and to circumvent oppressive capital controls. That’s why Venezuela now has the fourth highest trading volume in the world for Bitcoin. This statistic is even more remarkable when you consider the difference in wealth between Venezuela and the ‘rest of Europe’ (which report lower trading volumes). America taking the lead followed by Russia then the United Kingdom. I still believe that China have the highest bitcoin trading history due to the fact that the region have been recorded to house the world highest bitcoin mining farm and not only that the ability to have access to high technical knowledge have also aides them to have the toping record of bitcoin trading, but some other countries like the U S also have high record of bitcoin trading.

[triciaa478]

China is the country that had more investor holding bitcoins until it banned in the country but now I think USA and other Europe countries like Switzerland or France have more interest in bitcoins now than ever.

[Gabah56]

if I still can't confirm for sure, bro. but countries that have joined and accepted bitcon as legitimate digital currencies. most likely that is the country that invests most in bitcoin bro. like Japanese Korean German

[dablatair]

Really nice picture and very interesting. I guess for Venezuela this is due to the trouble with their economy and money. As people could not trust their government and their own fiat they invest in btc with is potentially less dangerous for their economy. Also have their own crypto in the country have better highlight on crypto and more people know that it exist and be more accessible.

[DireWolfM14]

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.

Of course Venezuela.  If I were one of the wealthy people in a corrupt country like Venezuela, Iran, Turkey, South Africa...  I would have all my money in USD or bitcoin.

[aryaadikariyansyahsuwarto]

Venezuela ... ?? I really didn't expect that, silently it turns out that there are many investors and hunters for bitcoin there, maybe there are also supported by their government, so it's only natural that the country is ranked the 4th most bicoin user ...

[kamBlanV]

Venezuela is very enthusiastic, and has a fast development in the crypto world. maduro made a good decision, and it became a solution to make Venezuela rise again.

When Venezuela created Coin Petro, I had predicted that crypto there would grow well and grow quickly.

[zolfa]

this is amazing, Venezuela is able to adopt crypto well. I thought that Venezuela could make Venezuela's economy better.

Crypto trading in Venezuela will increase rapidly, volume, volatility, and also the spread in Venezuela will increase for the better in the future.

[seoincorporation]

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.

When i read the Subject of the topic, the first thing i got in mind was "China for sure", but i was terribly wrong, and after see the image i was shocked to see china in 4th place. But after think about it, things have sense, The main economic countries should have the bigger volume, and i think i have a explanation for Venezuela on that list, lets remember Venezuela launch the petro coin some months before, and the gob is behind that coin, so, it have sense to see Venezuela there if they want to backup their coin.

Thanks for share that list, every day is a good day to learn new things     

[Astrilian]

I think China and the US will be the two most traded nations. And I was really surprised when China was ranked fifth.

I was also surprised. From what I know the majority of bitcoin on this planet is mined in China.  But if the government sets certain restrictions and limitations then also readings becomes more difficult.  Peer to peer analysis would not show up on such a report anyway, and there is probably the answer.

[killerfrost]

China is the country with the amount of trades bitcoin, the world's largest. The electronic money market, China contributed 23% of the bitcoin transactions and there are many groups mining the largest global.

[Fretcy]

 To my point of view there are many countries in the global system trading with Bitcoin it is difficult to say which country trades the most Bitcoin .We can find almost all countries are trading with Bitcoin even if it is not legal and there is no measuring tools to measure which country has the more Bitcoin there are many countries that bring fame to Bitcoin like Vietnam, South Africa, Japan ,India ,USA, Russia etc ; I think that Vietnam is the place where most Bitcoin is used since there are ATM machines for Bitcoin .

[kucritt]

serioisly? i read the news in the internet that right now Venezuela currency is in the crisis, inflation everywhere, oh or maybe they holding bitcoin to save their asset and the value because their currencies is in inflation

[spyda5556]

Some pretty impressive numbers there especially considering those billions with a "B"!! and plenty of countries above 50 million. This is especially impressive since this only represents one of the many entities that people use to cash out and trade bitcoin. I think the future is bright, the future is coming and there will always be some level of resistance whenever there is a major change but eventually innovation takes over. HODL my friends HODL!!! (or sell high and buy the dips if that's your thing lol)

[strongppp]

The truth is quite surprising that Venezuela appears in fourth place, this may be because people are looking for options to make money due to the internal crisis.

[sebastianAndrei]

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.
https://irishtechnews.ie/wp-content/uploads/2018/08/d173cec0-1d09-4b58-be12-d8a6198c7f34-14-1.jpg

<snip>

These Infographics are very useful, I'm amazed that the Philippines are at the 30th spot, I thought there's only a handful of Filipinos have jumped into bitcoin and altcoins. The USA spots are nothing to be surprised and Russia they two of the most powerful and lively economy on the globe.

[nikki4]

I am somehow and somewhat caught up to this and got interested to which are the countries that trades the most with Bitcoin. Well I was so glad to read this topic with the different answers. I have seen that the country I belong was in the number 30 in the list of the countries that trades most Bitcoin. The Bitcoin has getting more popular to this date compared to the past years it has been.

[xena2]

I'm sure the most traded country is China. After the ban was issued in September last year, many exchanges dealing with Chinese customers moved to other countries, but the customers were still Chinese. China also dominated the mining business. More than 70% of Bitcoins were mined in China.

I agree, it is also because China is advanced in every technology.And because of this advancement I am sure the people living in this country will surely engaged into this. And as the popularity arises this cause the banning of crypto in china. But I think Chinese people continuosly engage into bitcoin in a hidden way.