Bitcoin ATMs in the world

Bitcoin ATMs in the world are more common each day. Until the 6th of semptember, according to Coin ATM Radar, there are 9 690 machines like these in 75 countries.

The coronavirus pandemic has presented Bitcoin and other cryptocurrencies as an alternative of efficient payment versus cash. Amidst the sanitary crisis their transactions have gone in crescendo.

What do these ATMs allow us to do?

The cryptocurrency ATMs allow the users to pay with other currencies in exchange for cryptocurrencies.

The first Bitcoin ATMs was installed in Vancouver, Canada, in 2013. This machine was built by the Robocoin company. It made possible for users to exchange currencies (even in cash) for bitcoins and vice versa.

Currently, depending on the ATM, it’s possible to withdraw from different sources. This includes bitcoin cash (BCH), Ether (ETH), Dash (DASH), Litecoin (LTC), Zcash (ZEC), Monero (XMR), Dogecoin (DODGE), Tether (USDT) y XRP.

Bitcoin ATM in numbers

USA is the country with the most cryptographic ATMs installed. According to Coin ATM Radar stats there are 7 577. In the Top 5 nations after it we have: Canada with 869; UK with 278; Austria with 150 and Spain with 106.

The list with the first ten countries includes: Switzerland with 81; Italy with 69; Czech Republic with 64; Poland with 63; and Greece with 60.

The Price of bitcoin in July was quite stable during most part of the month, until it reached a noticeable high near the end of July. July started with $ 9.134 and it moved around the 9K until the 28th when it jumped the bar of 11K. The month ended in $ 11.115, which represents a raise in 21,7% in comparison with the Price at the start of the month”. .

Source: Bitcoin ATM market dynamics in July 2020, Coin ATM Radar.

In addition, the 10 main operators of these machines execute 4 948 cryptographic ATMs, which means 51,1%. While other 548 other operators that manage 4 742 crypto ATMs (48,9%). The top operators of the list are: Coin Cloud, Bitcoin Depot y Coin Flip.

The growth of crypto ATMs in the world are directly related to crypto usage. Like this, it stands to reason that this market has potentialities and it’s very possible that it expands in the future.

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