Business

Bitcoin Trading Connection with Nepal

Nepal is a landlocked country in South Asia situated between India and China. The Nepal government has not yet recognised or legalised Bitcoin and other digital currencies, however, that doesn’t stop Nepalese from trading Bitcoin. To know more about digital trading visit https://bitcoin-profit.org/.

Nepalese can trade Bitcoin through LocalBitcoins which is a P2P exchange platform. There are currently two methods of trading supported on LocalBitcoins, online bank transfer and cash deposit. Bank transfer is the most popular method with a total of 3,371 trades completed in the last seven days. Cash deposit comes in second with 1,941 trades being completed in the same time period.

The most popular payment method used on LocalBitcoins is Himalayan Bank Limited with a total of 3,002 trades completed in the last seven days. This is followed by Nepal Investment Bank Limited with 939 trades and Rastriya Banijya Bank with 631 trades.

When it comes to trading volume, the most popular BTC/NPR trading pair on LocalBitcoins is for 10,000 NPR with a total of 16 trades being completed in the last seven days. This is followed by the 5,000 NPR trading pair with 11 trades and the 1,000 NPR trading pair with 10 trades.

The average price of Bitcoin on LocalBitcoins over the last seven days has been 106,898.64 NPR which is around $976.29 USD at current prices.

Nepalese can also trade Bitcoin on Binance through the BTC/USDT trading pair. Binance is one of the world’s largest cryptocurrency exchanges and currently has a 24-hour trading volume of $1,394,701,153 USD.

The average price of Bitcoin on Binance over the last seven days has been 107,391.03 NPR which is around $981.43 USD at current prices.

Nepalese can also trade Bitcoin on Huobi through the BTC/USDT trading pair. Huobi is another one of the world’s largest cryptocurrency exchanges with a 24-hour trading volume of $1,207,073,028 USD.

The average price of Bitcoin on Huobi over the last seven days has been 107,565.71 NPR which is around $982.70 USD at current prices.

Nepalese can also trade Bitcoin on OKEx through the BTC/USDT trading pair. OKEx is another one of the world’s largest cryptocurrency exchanges with a 24-hour trading volume of $1,034,542,061 USD.

The average price of Bitcoin on OKEx over the last seven days has been 107,743.57 NPR which is around $983.97 USD at current prices.

Nepalese can also trade Bitcoin on Upbit through the BTC/KRW trading pair. Upbit is a Korean cryptocurrency exchange with a 24-hour trading volume of $898,067,767 USD.

The average price of Bitcoin on Upbit over the last seven days has been 107,813.71 NPR which is around $984.68 USD at current prices.

At the time of writing, the market capitalization of Bitcoin is around $1,940,540,720 USD with a 24-hour trading volume of $23,409,564,960 USD.

Bitcoin trading in Nepal is still in its early stages, but there is already a growing connection between the two countries. There are a number of Nepali businesses that have started accepting Bitcoin as payment, and there is also a growing number of Nepali investors who are buying and selling digital currency.

The most popular way to buy Bitcoin in Nepal is through online exchanges. There are a few different exchanges that operate in the country, but the most popular one is Bitfinex. Bitfinex allows users to buy and sell Bitcoin using Nepalese rupees. The exchange has been operating since 2014 and has built up a good reputation among users.

Another popular way to buy Bitcoin in Nepal is through LocalBitcoins. LocalBitcoins is a peer-to-peer (P2P) exchange that allows users to buy and sell Bitcoin directly with each other. The advantage of using LocalBitcoins is that it allows users to trade without having to go through an intermediary like an exchange. Instead, trades are made directly between users.

Nepal is still a relatively small market for Bitcoin, but the country has a lot of potential. With more businesses starting to accept Bitcoin and more investors buying and selling digital currency, the NepaliBitcoin market is likely to grow significantly in the coming years.

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