Which Bitcoin exchange has the most volume?
Moses Cryptocurrency and bitcoin exchanges let their users know about the trading volumes available on their platforms. The higher trading volumes available on a given exchange, the more trusted a bitcoin exchange is on the market.
If you are looking for trading larger amount of bitcoins, you should definitely consider those exchanges where high trading volumes are experienced.
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Using Volume in Trading
Trading volume statistics give a good indication to the traders about the liquidity on a market during a given period of time. It can be used as a helpful indicator as well during trading for reading the market.
Most of the bitcoin exchanges publish volume statistics about the trading pairs that they offer to their customers. Both the BTC vs USD and the BTC against other cryptocurrency prices can give a useful idea about the market state at a given point in time.
High Trading Volumes on Bitcoin Exchanges
If you are looking for exchanging larger amount of bitcoin checking the trading volumes is crucial. The higher the trading volume on a given bitcoin exchange means the more user think the exchange is trustworthy enough to send money to the platform. But be careful – the volume statistics can be easily manipulated.
Make sure you check the trading volumes on separate sources, do not rely solely on the data provided by a given bitcoin exchange. For example, Coin Market Cap supplies information about the daily trading volumes you can experience on given bitcoin exchanges in terms of USD and other currency/cryptocurrency trading pairs. It worth spending some time on this page to verify the trading volumes provided by exchanges.
Bitcoin Exchanges with High Trading Volumes
Trading volumes can be easily manipulated, so make sure you verify the statistic provided by an exchange by checking it on multiple sources. High trading volumes can lead to better established bitcoin exchanges with less possibility for fraudlent activity. At the same time you can place larger orders on those exchanges where the trading volumes are high.
Bitfinex – Bitfinex is one of the largest cryptocurrency market on the world by trading volume. Around 1 billion dollar worth of cryptocurrencies changes hands daily on the exchanges. Bitfinex is using a maker-taker fee model.