First place: Russia has become the most popular market for LocalBitcoins
Source:LocalBitcoins is a great tool for determining the popularity of cryptocurrencies in each country. The analysis of trading volumes of exchanges does not give the best representation of the current state of crypt in some regions. That is why LocalBitcoins is still the best source of data on supply and demand .
theWhere is the crypt are the most popular
Typically, the volume of exchange transactions in LocalBitcoins characterize the overall level of use of Bitcoin worldwide. In recent years, the number of exchange transactions fell, but this is not always an indicator of the decline of the industry. On the contrary, more people began to trust licensed exchanges than traders on LocalBitcoins.
Statistics platform also eliminates the three types of data:
the-
the
- volume in dollars (they are shown in local currency and BTC); the
- the cumulative amounts for each country; the
- average volume per user.
In the exchange of the good old Fiat to bitcoins, oddly enough, dominated by Russia. More than a quarter of all transactions on LocalBitcoins hold the Russians (26.5%). Second place (12.2 percent), third place went to the USA (11.8 percent).
According to Bitcoinist, the main reason for the popularity of the crypts in Russia — the lack of clear tax laws regarding digital assets. However, soon this situation may change dramatically — the government has the law on digital of financial assets.
image Source — Bitcoinist
Place Venezuela in the top of the LocalBitcoins due to the difficult economic situation in the country. Due to hyperinflation citizens of Venezuela have to buy Bitcoin to somehow save their savings. In addition, the crypt of the people of the country need to .
image Source — Bitcoinist
If you divide the volume of transactions in the population of the countries, Venezuela will get out first. Here each person buys two times more bitcoins than in Russia. Perhaps due to the economic crisis, the process of making digital assets in Venezuela has accelerated several times. It is strange that in this scenario, the majority of Russian citizens still pay little attention to the crypt.
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...
Related News
VEB and the Grozny mayor's office transferred the housing sector on the blockchain
In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...
Hacker 1337. How to hack Etherscan not to cause any harm
Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...
Money HYIP: how to earn on blockchain developers?
the Rapidly growing sector of the blockchain technology has triggered a high demand for inquiring minds. This has led to what is now the blockchain-engineers – one of the most highly paid professionals in the tech sector. The aver...
The zcash for hardwork was successful. What's changed update Sapling?
the zcash for Hardwork passed without any problems — the developers of a cryptocurrency successful procedure on 419 200 block. Update Sapling brought a lot of positive changes to the project. Now the network appeared zcash for pro...
2Masternodes added support for Bulwark (BWK). How many will earn?
a Week ago, the service purchases mastered and share them 2Masternodes ANON, SmartCash and VIVO. The first two coins have become too unprofitable, and the developers have not helped to solve the problem in a short time. In the cas...
Lead developer of Google went to Ripple, leading payment network RippleNet
Ripple is an American technology company, which owns the third by market capitalization in the cryptocurrency world . Before it was confirmed that the Emir of Sarangi resigned from Google to take up a post in the international pay...
Excursus in history: top 10 shocks for Bitcoin
In the history of Bitcoin each of these events deserves a separate Chapter. Revolution coin going smoothly, so it is not so easy to describe in the form of a simple list of facts. The following is a brief history of technology, wh...
The three most important events in future updates Nano. What are they?
Each project in the cryptocurrency industry needs to develop. This applies to both the Bitcoin and all other altcoins on the market. In this issue with the Nano's all good. Soon the coin will pass through a series of very interest...
Will Bitcoin rise this week? Opinions of Russian experts
this week the price of Bitcoin is likely to be released from the lateral movement, and again will fly down. About it said Russian experts interviewed by the journalists of RIA Novosti. In their opinion, the lack of positive news a...
Will be here in November. Why and how this happens?
Analyst Global Forecast 2020 Beau Pauline explains that the global stock market and the U.S. markets are on the verge of imminent collapse. This will lead to widespread adoption of Bitcoin and cryptocurrencies. Analyzing past cris...
The end of anonymity for cryptocurrency takes a fireside
of Russia as a member country of the International group development of measures to combat money-laundering FATF recommended to implement control over the circulation of cryptocurrency. Changes in legislation are expected in the n...
Pantera Capital CEO: Bitcoin on sale — buy two coins for the price of one
In his recent interview with Dan Morehead told about the situation on the stock market and commented on the future scenarios of the price movement of Bitcoin. According to the analyst, now do not miss key opportunities for growth ...
Cryptomancer: what is the most secure place in the world for crypts
Storing huge quantity of digital assets is quite risky business. The rapid growth of Bitcoin in 2017 made happy owners «fat» cryptocell a tempting target for all sorts of crooks, criminals and even murderers. Accordingly...
The Ethereum prepares for growth? The answer is on the charts
seems to be preparing for a sharp price jump. This time luck favors the bulls cryptocurrencies have all the chances for the formation of a good short term uptrend. For a start, the asset still needs to break through resistance le...
The head of Fidelity Crypto: we are building a bridge to institutional investors
President Fidelity Digital Asset Services Tom Jessop in an interview with Laura Shin shared his company's plans. He spoke about the Fidelity decision not to run an internal exchange about how they're going to attract institutional...
Bitcoins for beer: BrewDog bar in London dumping cash
Kraft brewery BrewDog is known in the UK through a network of pubs for hipsters. Recently, the district one Canada square-the Wharf has opened a new bar under the same logo. It is notable that the payment is accepted in bitcoins, ...
Study: major ICO not bring dividends
the Cryptocurrency investment Fund Primitive poll, which gave no very obvious result. According to the study, the situation is even worse than expected. Found out that the ICO with very large charges never give good returns to inv...
Another working week for the cryptocurrency world was intense. Ravencoin jumped on the crazy 200%, Bitmain shared update for Antminer S9, and the cold wallet Binance emptied nearly a million ETH. Recall the main events of the past...
To spend Bitcoin "dust attack"? How it works and who to fear?
it Seems that the Bitcoin back on the attack. No, this time the cryptocurrency has not been attacked by unscrupulous miners or something like that. At this point in the blockchain, you can see a lot of rather strange transactions....
Recently, the team successfully hardwork Beryllium, aimed at improving anonymity and lower transaction fees cryptocurrencies. With the updates the programmers reduced the necessary space for transactions and improved model of the ...
Comments (0)
This article has no comment, be the first!