92 Bitcoins were traded in Argentina last week on LocalBitcoins

By Permabull | BTC Latino | 9 Jul 2020

Checking last week's statistics, 92 BTC were traded in Argentina on LocalBitcoins.

The number is up from 52 BTC, traded the week before, buying and selling BTC/FIAT. Last time the weekly volume was this high in Argentina was the second week of June 2016.


Last week's 92 Bitcoins is pretty impressive, considering the monthly volume is averaging between 200 & 250 BTC.The spike in trading Bitcoins hits the country at its worst economic recession and financial crises.

There are quite a few exchanges in Argentina (Binance, Bitex, Huobi, SatoshiTango, etc) but only LocalBitcoins provides the data to see weekly volumes.

If you prefer a quick TL;DR: 10 Facts About Hunger In Argentina

Argentina was facing a third year of recession in 2020 even before the coronavirus hit. Now with the pandemic's economic shock, some analysts foresee a record contraction in the crisis-prone country.

Back to Bitcoin in Argentina. Local residents and investors treat Bitcoin as a safe haven and a way to hedge against the incapable government.

LocalBitcoins listings: https://localbitcoins.com/buy-bitcoins-online/ars/


It looks like most Bitcoins were traded between 2014 & 2016. That's true but don't forget that Bitcoin was much cheaper before the ATH in 2017. Here's the same volume in ARS (Fiat in Argentina):


Yep, Argentina is buying big time again. It might be due to Argentinians using Bitcoin as a store of value (digital gold) or simply because they are hitting ATH (All Time High) every other week.


Chart @ CoinGecko.com - Great site although the BTC is completely wrong. Visit LocalBitcoins to see the real price.

You can also check the weekly volumes at Coin.dance.



Check my previous posts, please:

544 BTC were traded in Venezuela last week

One cent (Centavo) in Argentina is now worth less than one satoshi

The 8 Bitcoin documentaries, everyone should watch at least once - 6 hours of the best video about Bitcoin.

Guide how to mine crypto with your computer, no skills necessary. True passive income without any investment.

Guide how to earn Bitcoin with (almost) NO skills required.



Thank you guys for reading, liking, following, and tipping. Extremely appreciated! 👍

How do you rate this article?



Saw crypto as a way to make some cash, a get rich quick scheme. Learned about the tech and will stay in forever. Watching the GOV spending in 2020 made me realise how fiat is controlled way too much and becoming worthless be a minute. Bitcoin for the WIN!

BTC Latino
BTC Latino

Hope this blog will help to spread the awareness about the financial situation in the Latin countries as well as the use of cryptocurrencies in poor countries as an hedge against corrupt governments. Currently mostly about Argentina and Venezuela, more countries to follow.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.