Which country trades the most bitcoin

[Olayinka225]

I was actually thinking it is going to be the Vietnam's because you virtually see them participate in every damn ICO's. They tends to taken most percentage of every ICO's that have participated. So so surprise to see USA on the top list.

[btccointalk]

I think USA and China are the most traded countries in the world.

[btccointalk]

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.

It is China.

[shelemiah31]

Based on the statistics, China, USA and Russia are the countries that trade bitcoin the most.That is their economy is growing fast.More details, please make a research on this.

[Sexie]

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/which-country-trades-the-most-bitcoin/amp/https://irishtechnews.ie/which-country-trades-the-most-bitcoin/amp/
IT would be Venezuela, your are right there. When they are financially unstabe , they choose bitcoin as their safe haven. I think this country just give freedom to their people to stabilised their own way of living, when the  government could not be able to help their people. If bitcoin is the key of their country ‘s suffering from their poor economy then the government just not thinking of their own interest but to their people

[r2d2moons]

I think USA,Russia and UK are the most traded countries in the world.They tends to taken most percentage of every ICO's that have participated

[btcformula]

Venezuela is really unpredictable but a picture cant convincing. Maybe someone edited this picture.

[JamesCook]

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[bitterdog]

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.

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.

Thank you for the information, from this picture, we can see that US and EU is dominating the bitcoin market, i think its very make a sense since the regulation of bitcoin in those country is very free.

[Astvile]

As for what i know country that trades bitcoins most are mostly in asia specialy china and japan,thats what i have read from previous article dont know if it was updated or not but that is what i know,Looking at new updated chart now are the united states,you can look for more source in the web

[Kemarit]

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.
~ snip ~

Its because Venezuelan's traded bitcoin in order for the country to survived.

(https://usethebitcoin.com/venezuelans-adopting-bitcoin-order-survive/)

What surprised me though is countries like Japan (44th) and South Korea is not on the list. I'm pretty sure that they are amongst the top 10. As for those seeing Philippines in the 30th spot, why are you surprised, the government allowed crypto and blockchain company to operate in Cagayan.

I guess we can say that this data is not that reliable to say the least. How about the trading exchanges trading volumes per 24 hours?

[privedvelosiped]

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.

Venezuela has become a leader, due to the fact that there is very strong inflation. People to save their money quickly began to invest their money in bitcoin. This will really make them much richer than they are at the moment.

[rapsa2018]

You also do not know where most traders in different countries all over the world think that exchangers are legit even where you live in the world as long as you have internet and gadgets.

[Satish147]

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.

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.

Recently I saw this post in telegram. I am now understanding how venuzula and Turkey are shifting towards cryptocurrency due to their fiat devaluation significantly. This thinking of people in these countries pointing us to shift towards cryptocurrencies and not depend on other country fiat currencies like USD and Euro

[Samuel Borges]

In this chart, I can see Bitcoin turned up over 40 countries and areas in the world. Besides US is the most trading nation with $ 1,44 bn. This is proven that the US made the market of Bitcoin.

[Gregory Brown]

As far as I concerned, China is more worthy to the top than US. Because China is the most trading Bitcoin with the extremely crowed population. However,  there are some prohibitions which makes China is banned.

[delegend]

From findings USA is still leading the market with 22.7%.

[transformt]

Venezuela legalized bitcoin so I'm not surprised that she's in the top

[jossiel]

From findings USA is still leading the market with 22.7%.

Yes it does base on the stats https://coin.dance/volume/localbitcoins

I'm looking for South Korea but they aren't included to the list, I thought it was one of the biggest country that has large volume and I also thought that Japan is one the top but it wasn't.

[C0ld_Zero]

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

I think it should be Japan. My friend in Japan can use bitcoin for many payment: electric bill, water bill. Many store accept bitcoin in Japan