Bitcoin ATMs Exceed 3.5k Worldwide, US Ranks First with Highest Number

Anjali Tyagi
August 7, 2018 Updated October 7, 2024
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Bitcoin ATMs are growing, crossing the 3,500 mark as the demand rises. Despite a drop in prices, bitcoins remains the dominant choice as it is available in over 99 percent of these ATMs. Whereas the US and North America are the country and continent with the highest number of Bitcoin ATMs.

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Bitcoin remains the dominant cryptocurrency

As the demand for the Bitcoin ATMs rises, its number has taken a hit as well. These ATMs might not be used as widely as that of fiat currency, but crypto ATMs are gradually becoming a popular medium to buy bitcoin among other cryptocurrencies.

In early 2017, this number has crossed 1000. Now, Bitcoin ATMs have taken a big leap as the total number worldwide reaches over 3,500. According to the latest data from Coinatmradar, the exact number of crypto ATMs is 3,508 across the globe.

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Source: Coinatmradar

Despite a huge drop in bitcoin price, it is currently trading at 63 percent down from its all-time high in December last year, the number of Bitcoin ATMs installed and used around the world is only increasing.

Out of the total crypto ATMs, 3508 that is about 99.9 percent supports bitcoin while only 1844, about 54 percent supports other cryptocurrencies as well. When it comes to altcoins, Litecoin (LTC), Ethereum (ETH), Bitcoin Cash (BCH), Dash (DASH), Monero (XMR), Zcash (ZEC), and Dogecoin (DOGE), are the cryptocurrencies available on these ATMs.

The average fee charged by these Bitcoin ATMs is 8.49 percent (The rate is calculated based on 1844 machines supporting buy operations, and 834 ATMs supporting sell operations). Whereas the average buy fee is 9.26 percent and average sell fee is 6.79 percent.

Also, read: Square Renounces Public Crypto Exchanges to Trade Bitcoin Through Private OTC Broker Dealers

The US captures the top spot with highest crypto ATMs

Bitcoin ATMs offers an ease of functionality to the users while providing a range of features that make them favorable among crypto users. As the demand and interest of investors increases among people, it drives consumers towards these automated business machines.

If we take a look at countries, the United States has the highest number of Bitcoin ATMs in 2163 locations. The second spot is of Canada but it is down by substantial numbers with 613 locations. These are followed by UK, Austria, Russia, Czech Republic, Spain, Australia, Slovakia, and Switzerland.

In terms of continents, North America has the highest number of Bitcoin ATMs followed by Europe and Asia.

Bitcoin
Source: Coinatmradar

About 62 percent are one-way Bitcoin ATMs while approximately 37 percent are two-way. As for manufacturers, Genesis Coin, General Bytes, and Lamassu are the top ones.

The elimination of financial institution makes it an attractive option for the investors. These Bitcoin ATMs allows individuals to purchase a number of cryptocurrencies directly that further fosters their growth.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Having a background in writing, I worked on a wide array of industry topics and have recently entered the world of Blockchain and Cryptocurrency.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.