The number of cryptocurrency ATMs installed worldwide has surpassed 6,609. The U.S. leads other countries with over 4,000 crypto ATMs, followed by Canada and the U.K. Several producers offer a range of machines for anyone wanting to get started in this line of business. Bitcoin ATMs are popping up all over the place and provide a convenient means for investing in cryptocurrencies. Due to applicable regulations, this option is typically not as private as a direct, peer-to-peer trade, but for buyers comfortable with sharing some personal information, these machines can provide an easy on-ramp to the world of crypto. Buy Bitcoin ATM.
The bitcoin ATM industry has been stigmatized as a vehicle for money laundering, with bad actors using the machines to clean cash quickly and conveniently. Some providers charge transaction fees of more than 20% in a trade-off for relaxed identity verification processes, implicitly encouraging illegal activity.
The number of cryptocurrency automated teller machines (ATMs) installed worldwide has grown substantially over the years. According to cryptocurrency ATM tracking website Coinatmradar, there are currently 6,609 crypto ATMs located in 73 countries. See also: New project to create a consortium of Bitcoin ATM operators.
Places With the Most Crypto ATMs
The countries with the most crypto ATMs are the U.S. with 4,120 locations, Canada with 733 locations, the U.K. with 295 locations, and Austria with 193 locations, according to Coinatmradar. In the U.S., 438 machines are found in Los Angeles, 273 in Chicago, 233 in Atlanta, and 212 in Miami. In Canada, 227 crypto ATMs are found in Toronto, 102 in Montreal, and 85 in Vancouver. Coinatmradar also offers the ability for users to search for crypto ATMs supporting particular coins: BTC, BCH, ETH, DASH, LTC, ZEC, XMR, and DOGE. Users can also restrict searches to one-way or two-way ATMs, with the latter allowing them to both sell and buy cryptocurrency. According to the site, 65% of all ATMs are buy-only whereas 34.9% are two-way. Which are the top 5 countries with more bitcoin ATM?
Where Can I Find a Bitcoin ATM?
Here’s a complete list of Bitcoin ATMs around the world, courtesy of CoinATMRadar. Just find your location and see where is the nearest Bitcoin ATM to you. The map also allows you to search for Altcoin ATMs if you want to buy/sell other cryptos. Each ATM takes a certain commission from the trade which varies from one device to another, so make sure you’re aware of the fees which are usually stated on the machine
Coinatmradar’s map showing where crypto ATMs are.
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