Bitcoin ATMs Top 6,000 Worldwide

Michael LaVere
  • Bitcoin and crypto ATMs now total more than 6000 worldwide, according to data compiled by Coin ATM Radar.

There are now more than 6,000 bitcoin and crypto ATMs available to users worldwide. 

According to data compiled by CoinATMRadar, there have been 6,003 crypto-based ATMs installed worldwide as of Nov. 17. 

The United States continues to lead the rest of the world in bitcoin ATMs, with more than 3,900 machines installed. Canada has the second most 653, followed by the United Kingdom with 272 crypto ATM installations. 

As previously reported, bitcoin ATMs have experienced a resurgence in growth throughout 2019, alongside the rising price of crypto-assets. In September, the total number of crypto ATMs worldwide topped 5,500, marking a 500 percent increase in installations since 2016. 

Compared to traditional exchanges, ATMs charge higher fees on transactions that can reach as much as 15%. However, they also provide a convenient, physical kiosk for the transfer of bitcoin to fiat, and vice-versa, in addition to buying and selling crypto-assets. 

Many members of the crypto community have looked at the rise in ATMs as a positive indicator of growing demand. 

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