Cryptocurrency Isn’t The Future –  It’s Reality

Cryptocurrency Isn’t The Future –  It’s Reality

Globally 30,000 Bitcoin ATMs Could Double This Year

Over 30,000 Bitcoin ATMs Operate Around the World

Locations providing crypto ATM services have increased exponentially this year, according to data compiled by a major tracking site. Bitcoin ATMs have doubled in number since January and close to 80 countries now host teller machines exchanging cryptocurrencies with fiat money.

In Downtown Vancouver on October 29, 2013, a Robocoin Bitcoin ATM opened in the Waves coffee shop, making this the first Bitcoin ATM for public use in the world.

But Since Then  The Bitcoin ATM Maker Robocoin Ended Bitcoin Services

Romit, the main company running the service starting out as Bitcoin ATM developer, Robocoin, stopped its Bitcoin service on February 15 2016. "Gus – little did Romit know jus how big bitcoin and other cryptocurrencies would become. There are over 5000 coins and token to date. I know it would be impossible to have all to coins and tokens available at the ATMs but I’d bet many will be available, time will only tell which ones."

I used the original story as a source to add to my story and to educate you Bitcoin ATMs. I have added editorial comments where I felt it necessary. I have also added a YouTube video for reference. The original source is linked below and throughout this story. 

How to use a Bitcoin ATM

In a year when cryptocurrency markets broke all-time highs, the availability of digital coins has increased and bitcoin ATMs have contributed greatly. Their number has recently exceeded 30,000 — more than double the count at the beginning of 2021.

Data collected by Coin ATM Radar shows that on Jan. 1, there were 14,016 registered locations supporting automated teller services for leading cryptocurrencies. And, as of Oct. 27, their number has reached a staggering 30,011.

Bitcoin ATMs Double This Year, Exceed 30,000 Globally
Source: Coin ATM Radar

                                                                                 

These Bitcoin ATMs and other crypto teller services are spread across 76 countries and run by 628 operators, according to the tracking website. The United States is the pronounced leader with more than 26,000 locations while neighboring Canada has a little less than 2,000, and the whole European Union hosts only 1,353.

Crypto teller devices have increased in Spain (155) and bitcoin-friendly Switzerland (130) but not all trends have been positive. Their numbers have declined in some other major markets such as Austria, from this year’s high of 156 in June to 140 now, and the U.K. which saw a dramatic fall from 229 on Jan. 1 to 98 as of Wednesday. 

El salvador bitcoin atm bitcoin machineGus – “El Salvador who recently made Bitcoin legal installing their own Bitcoin ATMs.

The El Salvadorian wallet used to store Bitcoin is called the Chivo, meaning cool, in English.

The El Salvador government gave each resident $30 worth of bitcoin in their Chivo wallets to get the economy going and so residents would get used to using Bitcoin as a currency.

The government has also gone in favor of offering none residence tax free Bitcoin holdings… read more"

Statista Reports – "Bitcoin ATMs in the Russian Federation were scattered across the country in 2021, with no city having a clear majority of them. The country was estimated to have around 50 cryptocurrency withdrawal machines that allows users to connect to a Bitcoin wallet or exchange"

Supported cryptocurrencies vary between ATMs

but most of them provide an opportunity to purchase bitcoin (BTC) and many sell one or more of the other major coins such as bitcoin cash (BCH), ether (ETH), and litecoin (LTC). Some offer stablecoins like tether (USDT), or popular altcoins like dogecoin (DOGE). Two-way teller machines, those that can also buy your cryptocurrency, are increasing in number, too.

Bitcoin ATMs Double This Year, Exceed 30,000 Globally
Source: Coin ATM Radar
                                             

The top 10 operators maintain almost 68% of all crypto ATMs

or more than 20,300. Bitcoin Depot, which has been expanding its network in the U.S., is still the largest among them with 5,314 units (17.7%), while Coincloud is second with 4,028 (13.4%). Coinflip comes in third with 2,953 devices, or a little less than 10% of the world’s total.

Genesis Coin remains the leading BATM manufacturer, accounting for over 40% of the market, followed by General Bytes with more than 22%. Bitaccess is a close third with 14% of the currently operational devices. Other producers include Coinsource (6.1%), Bitstop (4.2%), Bytefederal (3.5%), and Lamassu (2.3%). Smaller companies have installed 7.2% of all registered crypto teller machines.

What are your thoughts? Will the number of bitcoin ATMs along with other cryptocurrency ATMs continue to grow in an upward trajectory? Comment below, lets start a conversation!

Please share my article, it goes a long way in heling me continue to provided quality content!

Image Credits:  Pixabay, Wiki Commons

Leave a Reply

Your email address will not be published. Required fields are marked *

I show You how To Make Huge Profits In A Short Time With Cryptos!

https://news.bitcoin.com/bitcoin-atms-double-this-year-exceed-30000-globally/

This post was used this site as reference

Join My newsletter!

All subscribers who also follow me on twitter are automatically entered into my free crypto coin random draws!

Get post & contest updates