<p>These are all transactions that are recorded on-chain. </p>

<blockquote>
  <p>In short: Is <a href="https://blockchain.info/nl/charts/n-transactions-excluding-chains-longer-than-100" rel="nofollow noreferrer">https://blockchain.info/nl/charts/n-transactions-excluding-chains-longer-than-100</a> the transaction volume? (Purchase real life goods etc)</p>
</blockquote>

<p>Assuming that every transaction involving the trading of bitcoin for goods/services is done on-chain and not internally as might be possible by some sites, ( eg all trading on binance, bittrex etc.) then yes.</p>

<p>It certainly indeed does not represent "orders" that you make on exchanges such as bittrex ( to buy X coin or sell Y amount of bitcoin for $), all these transactions are performed internally on their platform, and are never actually recorded on the blockchain, unless you explicitely want to withdraw your "balance" in the form of bitcoins to your wallet. ( which is why you really shouldn't trust them with any of your coins)..</p>

CC BY-SA 3.0
2018-04-11T18:14:40.387Z
2018-04-11T18:14:40.387Z
Jan Janssen
<p>Am I correct assuming that bitcoin transaction volume (<a href="https://blockchain.info/nl/charts/n-transactions-excluding-popular" rel="nofollow noreferrer">https://blockchain.info/nl/charts/n-transactions-excluding-popular</a>) 
represents "the usage in real transactions" Hence, it does <strong>not</strong> represent exchange trading transactions? </p>

<p>The reason I ask is because the trade volume vs transaction volume ratio is not available anymore: (<a href="https://www.quandl.com/data/BCHAIN/TVTVR-Bitcoin-Trade-Volume-vs-Transaction-Volume-Ratio" rel="nofollow noreferrer">https://www.quandl.com/data/BCHAIN/TVTVR-Bitcoin-Trade-Volume-vs-Transaction-Volume-Ratio</a>) and I am somewhat confused by the names of the variables.</p>

<p>In short:
Is <a href="https://blockchain.info/nl/charts/n-transactions-excluding-chains-longer-than-100" rel="nofollow noreferrer">https://blockchain.info/nl/charts/n-transactions-excluding-chains-longer-than-100</a> the transaction volume? (Purchase real life goods etc)</p>

<p>Thanks. </p>

<transactions>
Bitcoin trade volume and trade transactions
Robbert
# Bitcoin trade volume and trade transactions

(Asked by: username_0 on 2018-04-11)

Am I correct assuming that bitcoin transaction volume (<https://blockchain.info/nl/charts/n-transactions-excluding-popular>)
represents "the usage in real transactions" Hence, it does **not** represent exchange trading transactions?

The reason I ask is because the trade volume vs transaction volume ratio is not available anymore: (<https://www.quandl.com/data/BCHAIN/TVTVR-Bitcoin-Trade-Volume-vs-Transaction-Volume-Ratio>) and I am somewhat confused by the names of the variables.

In short:
Is <https://blockchain.info/nl/charts/n-transactions-excluding-chains-longer-than-100> the transaction volume? (Purchase real life goods etc)

Thanks.

**Tags:** transactions


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## 1 answers

### Answer by username_1 on 2018-04-11. Score: 0 | Accepted answer

These are all transactions that are recorded on-chain.

> In short: Is <https://blockchain.info/nl/charts/n-transactions-excluding-chains-longer-than-100> the transaction volume? (Purchase real life goods etc)

Assuming that every transaction involving the trading of bitcoin for goods/services is done on-chain and not internally as might be possible by some sites, ( eg all trading on binance, bittrex etc.) then yes.

It certainly indeed does not represent "orders" that you make on exchanges such as bittrex ( to buy X coin or sell Y amount of bitcoin for $), all these transactions are performed internally on their platform, and are never actually recorded on the blockchain, unless you explicitely want to withdraw your "balance" in the form of bitcoins to your wallet. ( which is why you really shouldn't trust them with any of your coins)..


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