Trading volumes on LocalBitcoins
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Recent events in Venezuela forced people to buy so much crypto, that it reached the second position in terms of trading volumes on LocalBitcoins.
Is it safe to assume that people resort to crypto in difficult economic situations?
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And what platform is better localbitcoins or moontrade.org ??
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Bitcoin exchange volume Venezuela Week 02/04 /2019- 02/ 04/2019 = 2485 BTC
Equivalent to: VES 24,344,000,000 (Bolívares Soberanos) or VEF 2,434,400,000,000,000 (Bolívares Fuertes)
Average Price per Bitcoin: BTC / VES: 9,796,563.26 ( Bolivares Soberanos) or BTC / VEF: 979,656,326,000 (Bolivares Fuertes)
Average price of Bitcoin BTC / USD: $ 3618,466
It is with these data that the calculation of the VES / USD exchange rate is made, by dividing the Bitcoin price in Bolivares between the price of the Cryptocurrency in USD
Implicit Average VES / $: 9,796,563.26 / 3618,466 = 2707.38 VES / $
This means that in terms of dollars, the localbitcoin Venezuela market had a volume of: USD 8,991,718.93, higher than the United States Market in localbitcoin where USD 8,435,655.00 were exchanged.
In terms of bitcoin Venezuela was surpassed only by Russia in exchange volume, with 3853 BTC
I think that you have the opportunity to use this service, or moontrade.org, because in the future they will be very popular. Need to get used to this))
On MoonTrade you're only allowed to leave feedback when a trade is completed unlike LBC where people cancel trades and leave negative feedback thus ruining your reputation. Also, there is no commission there now. So it has very good deals!