Bitcoin countries: top hotspots that use BTC

[Bitcasino.io Support]

Hi guys,

As we all know Bitcoin has changed the fintech industry forever. Currently the “digital gold” is the leading crypto asset in the world.

But do you know the hotspots that use Bitcoin? Find out here >>> Countries where Bitcoin is big.

Let us know, how popular is Bitcoin in your country?

Thanks,
Karl
Bitcasino.io

[tranthidung]

The site has data on global and local trading volume for P2P marketplaces. There are many charts so I only give you a global chart here. For more details with nations in each geographic area, you need to click on Geographical area name on top of each chart to get it.

First image is for combined volume from Paxful and LocalBitcoins
Second image is for Paxful only.
Third image is another proof that Singapore is one of most active nations in crypto.

Sources

• Combined Paxful + LocalBitcoins
• Paxful only
• 10 best universities to study blockchain degrees

[The Cryptovator]

Let us know, how popular is Bitcoin in your country?

Don't know why am I facing difficulties opening your blog link. I had to open via Tor eventually, assuming due to the gambling restriction of my country. Bitcoin is not much popular in my country, its because our government stands against bitcoin strongly. I was surprised when I have watched a report on television about Bitcoin. Because 90% of university students don't know about Bitcoin in this digital world. If you are caught trading or using Bitcoin then you have to go jail. That's why I am hiding my country name due to privacy. Spreading the word about Bitcoin except for very near friends & families is quite risky for us.

[robertjack]

There is much speculation about who holds the most crypto coins. Some believe that most of them are owned by large exchanges, funds or mining firms that use their position to influence the market in their favor.

list of the countries that have the most Bitcoin HODLers
1. The United States
2. Romania
3. China
4. Spain
5. Japan
6. Switzerland
7. South Korea


10 Cities That Are Bitcoin Hotpots
Here are the 10 leading cities as of early 2020:

1. San Francisco
2. Vancouver
3. Amsterdam (Amsterdam is home to mining hardware maker Bitfury and the European headquarters of payment service provider BitPay.)
4. Ljubljana, Slovenia
5. Tel Aviv
6. Zurich
7. Tampa, Florida
8. Buenos Aires
9. New York
10. London

Since the first block was mined in 2009

As Per Google Search Trends Data Past 5 Years Show Bitcoin Searches on Worldwide

1. Nigeria
2. Ghana
3. South Africa
4. Slovenia
5. Austria
6. Netherlands
7. Singapore
8. Switzerland
9. Australia
10. Pakistan

[DdmrDdmr]

<…>

You need to include a reference to the source of that information:

First block of data: https://medium.com/@biditex/7-countries-with-the-most-bitcoin-hodlers-503b205d926f

Second block of data: https://www.investopedia.com/articles/forex/042415/10-cities-leading-bitcoin-adoption.asp

Third set of data: Google Trends (Ok, you mention that one).

Regardless, the information from some of those sources is not as it seems, or may be quite imprecise:

- The HODLers source does not cite how the information is compiled, and I’m pretty sure Spain is not in fourth position worldwide. The article is linked to an Exchange which I’ve never heard about before, and whose site is not even running apparently.

- Google Trends needs data to be taken with delicacy. The data on Google Trends is relative to the amount of searches within the geographical area. Nigeria is is first position not because it is the place where most searches are being performed for the term Bitcoin, but because it is in relative terms:

Number of Searches for the term ‘Bitcoin’ / Number of total searches on google in that country.

It does not mean that it is the country where the term is sought most (although it shows interest within the country).

[davis196]

list of the countries that have the most Bitcoin HODLers
1. The United States
2. Romania
3. China
4. Spain
5. Japan
6. Switzerland
7. South Korea

I usually don't trust such lists,because the information can't be verified and I'm surprised that Romania is ranked at number 2 for the country that has the most Bitcoin HODLers.This is weird.There must be a reason why there are so many Bitcoin HODLers in Romania-probably due to cheap electricity for crypto mining or very liberal cryptocurrency trading regulations.

[Bttzed03]

~ Let us know, how popular is Bitcoin in your country?

I'm not going to pull out some stats on how many of my countrymen actually uses bitcoin but I can say the popularity is growing based on the number of regulated exchanges that's operating here. It started with one and then became seven and there are more waiting in line based on this list.

Binance P2P also supports our local currency. That probably means they recognize the growing popularity of btc and crypto in our country.

[JuSayCo]

No wonder, all those Countries in your list are really profitable and has a well-grown economy because of their legal adoption to cryptocurrencies.
As for my Country, I cant figure out how widely known this Bitcoin is and other cryptocurrency to my countrymen, despite its trend and popularity in the market. Maybe because we had the slowest internet connection in Asia and I believe that it is only known in some selected cities with stable signal and digitalized facilities. In many ways, I think my country is probably the perfect environment for the kind of decentralized revolution that Bitcoin has the great potential to enable but unfortunately, our Government refuses or maybe hesitant to crypto currency adoption, because of some negative thoughts about it and they were just being careful or should I say, they just wanted to stick with the traditional and conservative ways of fund management.

[7788bitcoin]

I usually don't trust such lists,because the information can't be verified and I'm surprised that Romania is ranked at number 2 for the country that has the most Bitcoin HODLers.This is weird.There must be a reason why there are so many Bitcoin HODLers in Romania-probably due to cheap electricity for crypto mining or very liberal cryptocurrency trading regulations.

It is a problem with all the stats as it is not verifiable, there are many wallets that had a huge number of bitcoin mined during the initial stages and how they will identify which country they belong to, with exchanges and the mandatory KYC they can identify the users from different regions but i have not seen any exchange providing these kind of data.

[robertjack]

list of the countries that have the most Bitcoin HODLers
1. The United States
2. Romania
3. China
4. Spain
5. Japan
6. Switzerland
7. South Korea

I usually don't trust such lists,because the information can't be verified and I'm surprised that Romania is ranked at number 2 for the country that has the most Bitcoin HODLers.This is weird.There must be a reason why there are so many Bitcoin HODLers in Romania-probably due to cheap electricity for crypto mining or very liberal cryptocurrency trading regulations.

I am Collect Data From Analysis from Google And some Other source Blog Source.

One Of Data Collect from Google Treads Search People Search 'bitcoin'   

[dre1982]

As Per Google Search Trends Data Past 5 Years Show Bitcoin Searches on Worldwide

1. Nigeria
2. Ghana
3. South Africa
4. Slovenia
5. Austria
6. Netherlands
7. Singapore
8. Switzerland
9. Australia
10. Pakistan

I didn't expect to see a top 3 of African countries here. On the other hand it could be that bitcoin is even more stable then the local currencies.

Just checked the top 10 countries with the highest inflation:
Venezuela   -2358%
Zimbabwe - 761%
Sudan - 167   %
Lebanon - 120%
Argentina - 39.2%
Suriname - 38.3%
Iran - 30.4%
Congo - 28.73%
Angola - 23.41%
Haiti   -23.4%

A lot of African countries but not the one of the top3. Maybe we will see the countries of the top 10 back in the Google Search Trends within a few months/years.

[Lorence.xD]

I can see some of the list and I am not surprised that my country did not make it in the list. Bitcoin is a really small minority in financial sector in my country. There is no traction in the government so no surprises there. Most businesses here still do banks but online payment portal and online banks is the most popular for populace and businesses alike.

[lobat999]

I'm a little bit confused why Malta was included as one of the top hotspots for use of BTC as per OP's reference article? I just hope that classification don't include its preference as one of the most crypto friendly states, and  currently hosting big crypto businesses such as Binance, etc..

If I'm not mistaken, being a hotspot for BTC use includes local community adoption e.g. installed BTC ATM's and having real world usage such as using it as  mode of payment in a marketplace or any payment transaction and it has significant BTC holders as compared with other big countries.

I guess hosting exchanges or other crypto business alone don't qualify Malta as a top hotspot for BTC use other than for trading transactions in exchanges it is hosting. Imho.

[stompix]

So, why is Malta a hotspot for using bitcoin other than an exchange which actually claims it holds no Malta license and is not really based in Malta?
https://cointelegraph.com/news/binance-is-not-authorized-to-operate-in-malta-financial-regulator-says

There is much speculation about who holds the most crypto coins. Some believe that most of them are owned by large exchanges, funds or mining firms that use their position to influence the market in their favor.
list of the countries that have the most Bitcoin HODLers
2. Romania

Lol, really?

Thanks, DdmrDdmr for the source.
Now, let's see...

Romania 12% of their consumer pool has been found to own at least one type of crypto, with Bitcoin being the most popular.
Spain it seems that only this market niche is favored in the country, in spite of 10% of consumers having purchased and owning some digital assets

Even assuming those numbers, which are clearly inflated, 12 out of 20 million are way lower than 10% out of 44 million.
12%, you're going to tell me than in a country where 1/3 of the population still has a problem with running water access 1 in 8 owns crypto?
There are only 23 million addresses with more than 1$ worth of BTC in them, stop with those 10% percentages, add a damn 0 before it rather than after.

[Honnet43]

Found a lot of interesting and useful info here. Thanks for sharing.

[emrecemsan]

In my opinion, the usage of Bitcoin will increase in countries such as Argentina, Turkey, and Venezuela, where their local currency continuously depreciates, in the near future. Those who live in these countries are in constant search for protecting the value of their currency.

[kryptqnick]

It's an interesting topic, and there are various approaches to defining the hotspots that give different results. I'm surprised that Ukraine is not on these lists. There are a few crypto and blockchain courses at top universities, many local markets where Bitcoin can be exchanged for local fiat, and also some Blockchain events. And some websites actually mention Ukraine as being among the leaders. For instance, this Coindesk article says that Ukraine is leading in terms of global adoption. I don't know if this Global Crypto Adoption Index is legit and worthy of attention, but it seems to me that cryptos are quite popular in Ukraine, and have been for a while.

[TedMosby]

Let us know, how popular is Bitcoin in your country?

according to the GlobalWebIndex survey in Q2 2019,
percentages of cryptocurrency users in Indonesia is around 10%-11%.
it's was on top five at that moment.
we have a clear regulation about cryptocurrency here.
our government banend crypto as a currency, but we are allowed to trade is as an asset.

[LFC_Bitcoin]

Bitcoin adoption is increasing worldwide, I’m from the UK & there’s hundreds of places where you can spend bitcoin. Many people see bitcoin as a store of value so don’t spend it though, speaking personally my entire net worth is in bitcoin.

Everybody has a different outlook & use for bitcoin. I use it as a hedge against inflation & the scamming fiat currency.

[swogerino]

Very nice topic.The country where I live right now are fully aware of bitcoin but the people here think only of how to get rich fast,I am located in Albania now and I see in websites like Craiglist which are local that people sell and buy from each other I see a lot of mining rigs being up for sale at cheap price I would say,700 EUR for a 6 GPU RX 570 rig in full working order.

The countries though which has the most bitcoin hodlers for me are the most intelligent countries in the world in my opinion and I am starting to do the same myself.