Bitaigen Research Bitcoin’s daily trading volume typically runs in the tens of billions of US dollars. The process of buying Bitcoin includes selecting a trading platform, completing KYC, depositing funds, placing an order, and storing the asset securely.
In this article we systematically map out the evolution of Bitcoin’s daily trading volume, dissect the key factors that drive market activity, and provide a full‑step guide—from platform selection to KYC completion, fund deposit, order placement, and asset storage—to help newcomers get up to speed and stay on top of market dynamics. Keep reading for the details.
What is Bitcoin’s daily trading volume?
Historical trend: Since Bitcoin’s inception, the daily trading volume has shown a steady upward trajectory. In 2010 the daily turnover was only a few dollars; by the end of 2017 it had broken the multi‑billion‑USD threshold and has largely remained in that range in the subsequent years. The market experienced large swings in 2021, yet the daily volume stayed within the tens‑of‑billions‑USD band.
Influencing factors
Bitcoin’s trading activity is driven by multiple elements:
- Market sentiment – Investors’ price expectations directly stimulate buying or selling pressure.
- Regulatory environment – Tightening or loosening of rules affects participants’ willingness to trade.
- Price volatility – When prices rise, traders tend to increase activity to capture profits; when prices fall, trading intent usually drops as participants seek to avoid risk.
- Exchange liquidity – Large exchanges provide deeper order books and faster matching, attracting higher volumes.
Role of exchanges
The Bitcoin market is composed of numerous trading platforms. Bigger venues (e.g., Binance, Coinbase) feature deeper order books and quicker execution, therefore contributing a sizable share of daily volume; smaller platforms naturally handle a more limited amount of trade.
Future outlook
Because the Bitcoin market is inherently volatile, accurately forecasting the direction of daily trading volume is challenging. Overall, as the digital‑asset ecosystem continues to expand and more institutional players join, volume is expected to keep growing; however, if major economies implement strict regulatory measures, liquidity could contract.
How to buy and trade Bitcoin?
Step 1: Choose a suitable trading platform
When selecting a platform, focus on the following criteria:
| Criterion | What to look for |
|---|---|
| **Trading fees** | Fee structure (maker/taker) directly impacts cost |
| **Security** | Use of cold storage, multi‑factor authentication, and other safeguards |
| **Supported assets** | Besides Bitcoin, does the platform list other major cryptocurrencies? |
| **User experience** | Interface friendliness, market depth, customer‑support responsiveness |
Common platforms include Coinbase, Binance, Kraken, Bitstamp, among others. U.S. residents should use Binance.US rather than the global Binance site. For fiat deposits, look for SEPA or SWIFT options where applicable.
Step 2: Register an account and complete KYC
- Provide a government‑issued ID (passport or national ID) and proof of residential address.
- Some platforms may also ask for a selfie or a short video verification to further confirm identity.
Step 3: Fund your account
Exchanges support a variety of deposit methods such as credit/debit cards, bank transfers (SEPA for Europe, SWIFT for other regions), and e‑wallets. Choose the method that balances fees against processing speed.
Step 4: Place a Bitcoin purchase order
- Market order – Executes instantly at the best available price.
- Limit order – Sets a target price; the order only fills when the market reaches that level.
After confirming the amount and price, submit the order to complete the trade.
Step 5: Store Bitcoin securely
After purchase you can opt for one of two wallet categories:
- Exchange wallet – Convenient for rapid trading but subject to the exchange’s security risks.
- Personal wallet
- Hardware wallet (e.g., Ledger, Trezor): Offline storage offering the highest security.
- Software wallet (mobile or desktop app): Easy to use but requires diligent backup of recovery phrases.
Regardless of the chosen method, always keep your private keys or seed phrase safe and never share them with anyone.
Note: Crypto gains may be taxable in your jurisdiction. Be sure to consult local tax regulations or a professional advisor to understand your reporting obligations.
Related Reading
- Bitcoin Inscriptions & BRC-20 Tokens: Hype, Risks, and Market Outlook
- Bitcoin Anonymity: Addresses, Signatures & Multi‑Address
- Taproot Assets Mainnet Review: Multi‑Asset Issuance on Bitcoin & DeFi Impact
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