Despite the bear market, the number of Bitcoin ATMs is increasing

Although the crypto market is currently in a bear market phase and it seems that the Bitcoin price just does not want to stabilize, the number of Bitcoin ATMs is increasing to over 3,500. The front runners are the United States and North America, followed by Europe and Asia.

The king of the cryptocurrencies is, although the course looks different, still the bitcoin. This is also reflected in the amount of Bitcoin machines, the number according to Coinatmradar currently at 3.508 pieces. If there were just over 1,000 units in 2017, the number has skyrocketed to just over 3,500 worldwide.

Of the total of 3,508 ATMs, 99.9 percent support Bitcoin, while 1,844, or about 54 percent, also offer other cryptocurrencies. Of the Altcoins, Litecoin is most often supported by 49.5 percent, Ether by 32 percent, Bitcoin Cash by 32.2 percent and Dash by 12.1 percent. The average charge is based on the 1,844 vending machines that you buy and the 834 that you can sell at 8.49 percent. The purchase costs an average fee of 9.26 percent, for the sale 6.79 percent.


A look at the country distribution shows that the United States is at the top with 2,163 Bitcoin ATM locations. It is followed by Canada with 613 locations, followed by Great Britain, Austria, Russia, the Czech Republic, Spain, Australia, Slovakia and Switzerland. As it turns out, investor interest also increases the number of users interested in these machines.

62 percent of the machines offer users a one-way system and 37 percent a two-way system. Top manufacturers include Genesis Coin, General Bytes and Lamassu.

The more people use these machines, the more it promotes the growth of cryptocurrencies. In addition, these machines eliminate the need for financial institutions, as investors can buy or sell cryptocurrencies directly.

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Categories: Crypto Currency

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