With
the number of bitcoin ATMs currently exploding, buying bitcoins through an ATM is perhaps the most obvious option for anyone wanting to avoid all the requirements that come with traditional fiat to bitcoin trading.
It now hosts
a number of Bitcoin ATMs and startups such as Paxful, a global peer - to - peer buying and selling service for bitcoins.
Furthermore,
the number of Bitcoin ATMs is increasing at a healthy 2.86 additional machines installed daily across the globe, so chances are a machine could be near you in the not too distant future.
The cryptocurrency market seeing an increase in
the number of Bitcoin ATMs worldwide is a good sign to start with.
The United States, for example, has the highest number of cryptocurrency users along with having the highest bitcoin trading volume and the highest
number of bitcoin ATMs.
Then things really picked up in 2017 when
their number of Bitcoin ATMs soared to 32.
There is a steady increasing
number of bitcoin ATMs on the map.
In September 2016,
the number of bitcoin ATMs had doubled over the last 18 months and reached 771 ATMs worldwide.
According to Coin ATM Radar,
the number of bitcoin ATMs has been steadily increasing at a growth rate of 1.72 ATMs per day.
The number of bitcoin ATMs went from zero to a few hundred.
Not exact matches
Bitcoin Cash had another solid month; it has experienced an 81 % increase and now overcome Dash in
number of supporting
ATMs.
Bitcoin Cash had another solid month; it has experienced an 81 % increase and now overcome Dash in
number of supporting
ATMs.
With multiple manufacturers, franchising options, a growing
number of accepted cryptocurrencies, and mobile apps to help you locate the nearest machine,
Bitcoin ATMs promise to significantly improve access to crypto and ease
of cashing out.
According to reports, the total
number of bitcoin - enabled
ATMs is 10,000, but the ATM map on the BTCPoint website shows 5,062
ATMs,
of which 157 are situated on the Canary Islands.
Despite still being considered an «altcoin» a term used for alternative cryptocurrencies besides the more popular
Bitcoin, Litecoin has been gaining traction recently with growing
number of Litecoin
ATMs popping up in Canada, UK and other countries as well as increasing
number of exchanges listing it as a tradable cryptocurrency.
Despite these shortcomings, the
Bitcoin ATM is a growing trend with 1,600
of these specialized
ATMs installed worldwide, and over 900 in the US from various companies, according to Coin ATM Radar which tracks the
numbers of these machines.