Sunday, January 29, 2023
  • Login
198 Crowd Funding News
No Result
View All Result
  • HOME
  • VIDEO
  • CROWD SUPPORT
  • ARTICLES
  • NEWS
  • BLOG
  • ADS
  • CROWDFUNDING SOURCES
  • BOOKS
  • SPONSORSHIPS
  • CONTACT
  • HOME
  • VIDEO
  • CROWD SUPPORT
  • ARTICLES
  • NEWS
  • BLOG
  • ADS
  • CROWDFUNDING SOURCES
  • BOOKS
  • SPONSORSHIPS
  • CONTACT
No Result
View All Result
198 Crowd Funding News
No Result
View All Result
Home Crowdfunding News

Nearly 1M Active LocalBitcoins Users in Q4 2020, while P2P Competitor Paxful Reports Steady BTC Trading Growth

February 4, 2021
in Crowdfunding News
0
Share on FacebookShare on TwitterShare on Email

[ad_1]

Finland’s peer to peer (P2P) Bitcoin exchange, LocalBitcoins says that 2020 was an “extraordinary” year and during the past quarter (Q4 2020), the BTC price reached its all-time high and has continued to surge this year.

Bitcoin (BTC) is trading at just over $38,000 at the time of writing after reaching as high as (nearly) $42,000 in January 2021 (and then correcting to as low as $30,000 and even dropping below $30,000 for a brief period).

Notably, LocalBitcoins claims that it had “a very successful” end of 2020.

During Q4 2020 (between October and December), the trading volume on LocalBitcoins was $612 million, “reflecting a steady increase from the previous quarter’s figures,” the platform revealed.

As noted in a blog post published recently by LocalBitcoins:

“In total 957,576 users were active on our peer-to-peer Bitcoin marketplace in Q4. This means that there were on average 11,000 users using our platform on a daily basis.”

The LocalBitcoins team added:

“Bitcoins were changing hands actively too: there were on average 29,566 successful trades per day during Q4. Every day, on average 3,600 new users registered on our platform. Our traditional top 12 in trade volume looks familiar to the previous lists, although with one major exception: Nigeria has passed the United States as number 5. …The growing trade volume in Nigeria reflects Bitcoin’s growing popularity in Africa, and the real problems Bitcoin solves in the continent.”

Other key markets of LocalBitcoins include Russia, Venezuela, Colombia, United Kingdom. China, South Africa, India, Peru, Spain, and Chile.

LocalBitcoins competitor Paxful, which has become the leading P2P Bitcoin marketplace and has also been recognized by Chainalysis to be one of the safest exchanges, has also had a very solid 2020 and appears to be off to a great start this year as well.

Paxful has also become well-known for maintaining a very active online community which has become essential in a post COVID environment since in-person interactions are quite limited now (to avoid the further spread of the Coronavirus).

The Paxful team recently explained the main differences between purchasing Bitcoin other digital assets from highly centralized platforms like PayPal and P2P platforms such as LocalBitcoins or Paxful.

Paxful reported last month that it has partnered with PrimeXBT in order to offer new trading opportunities. The P2P platform has also added new technology features that allow users to know who they’re actually trading with.

On February 2, 2021, Paxful updated its Tether (USDT) fees which now provides more opportunities for platform users to generate more returns. While these are all positive developments, Paxful’s customer service department appears to be overwhelmed with increased user activity.

Users have complained about not being able to access certain services because of issues with their system including not being able to pass KYC checks even when the customer has provided proper documentation.



[ad_2]

Source link

Tags: activeBTCCompetitorGrowthLocalBitcoinsP2PPaxfulReportsSteadyTradingusers
ShareTweetSend

Related Posts

Crowdfunding News

Learning To Play Piano Is Made Easy With PopuPiano

June 3, 2022
Crowdfunding News

Solana Teaches Crypto Investors a Critical Lesson

June 3, 2022
Crowdfunding News

Caught naked!? | Crowdability

June 2, 2022
Crowdfunding News

EP #395 The Formula Nebia Towel Used To Raise $167,750 On Kickstarter

June 2, 2022
Crowdfunding News

News Fix: Startups Face a Souring Economy, SpaceX Skyrockets to $125 Billion

June 1, 2022
Crowdfunding News

Top 5 Crowdfunding Campaigns – May 2022

June 1, 2022
Load More
Next Post

Switzerland based Wealth Management Fintech WealthArc Acquires $4M in Capital to Expand Overseas Operations

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

LATEST STORIES

Between Music – Crowdfunding video

June 5, 2022

Attacking A Market Failure With Candice Matthews Brackeen

June 5, 2022

Crowdfunding video – Kabeção 1st solo Album – Touching Souls

June 5, 2022

The Gecko – Failure is not an option

June 5, 2022

Roller Kingdom Crowdfunding Video

June 4, 2022

Introduction – Art of Failure with Eli Zelkha

June 4, 2022

Radbahn Crowdfunding Video + Fast Forward Science 2017 Film

June 4, 2022

Jorge Newbery at Failure Lab

June 4, 2022

Outland Denim Equity Crowdfunding Video

June 4, 2022

What I learned about Failure, Loneliness, and Red Lizard at the Spark Fest Cebu

June 4, 2022
Load More
198 Crowd Funding News

Own and operated by The Ike Lemuwa Group, LLC a Commonwealth of Virginia Limited Liability Company, USA.
Info@nigeriasmartnews.com / info@ikelemuwagroup.com
Toll-Free: 1 888 642 8433
3821 Dominion Drive Dumfries, Virginia, 22026. USA

Categories

  • Home
  • Crowdfunding News
  • Blog
  • Articles
  • Sponsorship
  • Crowd Support
  • Crowdfunding Sources
  • Partner with 198TILG Mastermind Platinum Group
  • Video

Recent News

  • Between Music – Crowdfunding video
  • Attacking A Market Failure With Candice Matthews Brackeen
  • Crowdfunding video – Kabeção 1st solo Album – Touching Souls
  • The Gecko – Failure is not an option
  • Roller Kingdom Crowdfunding Video
  • Home
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact

Copyright © 2021 198 Crowdfunding News.

No Result
View All Result
  • HOME
  • VIDEO
  • CROWD SUPPORT
  • ARTICLES
  • NEWS
  • BLOG
  • ADS
  • CROWDFUNDING SOURCES
  • BOOKS
  • SPONSORSHIPS
  • CONTACT

Copyright © 2021 198 Crowdfunding News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In