Bitcoin ATMs have been around as early as 2013 and have expanded globally over the last few years. According to figures from LearnBonds and CoinATMRadar, there are now 6,484 Bitcoin ATMs in 73 different countries. The growth of Bitcoin ATMs seems to be speeding up as just this last year a total 2,351 new Bitcoin ATMs were installed, equating to 8 Bitcoin ATMs installed daily.
As remarkable as it sounds, all this growth has mostly taken place in the United States. There are now 4,274 Bitcoin ATMs in U.S. soil, which represents roughly 66% of all Bitcoin ATMs worldwide. Most of the ATMs are located in the state of California, probably due to the fact that the biggest Bitcoin ATM manufacturer, Genesis Coin, is an American company based in California.
— CryptoGlobe (@CryptoGlobeInfo) November 17, 2019
Following the U.S. is Canada, which is responsible for 10.5% of all Bitcoin ATMs globally. Europe is the second most popular continent with 19%, mostly concentrated in the UK (4%) and Austria (2.8%). The third most popular continent is Asia with 2.1% and then South America with 1%. You can also find Bitcoin ATMs in Africa and Oceania, but the numbers are practically irrelevant.
Out of all the 6,484 Bitcoin ATMs, you can buy and sell other cryptocurrencies in 4,555 of them. Litecoin, Ethereum, and Bitcoin Cash are the most popular altcoins bought and sold. Although they are rather expensive to use, the fees and exchange rates are rather high, Bitcoin ATMs are seen as a driving force for cryptocurrency adoption.
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