Edit Content

Bitcoin ATMs: Over 8,000 Installed Worldwide.


Bitcoin now has over 8000 ATMs Worldwide. According to monitoring resource CoinATMRadar, 8208 Bitcoin ATMs are currently installed in 73 countries. This Bitcoin ATMs allow users to buy and sell Bitcoin (BTC) and altcoins for cash.

There are more than 6000 of these ATMs in the united state alone. Crypto investors can withdraw, transfer and purchase Bitcoin Cash (BCH), Ether (ETH), Dash (DASH), Tether (USDT), Zcash (ZEC), Monero (XMR), Litecoin (LTC), Dogecoin (DOGE), XRP. 

See Also: Bitcoin; Hotbed for institutional investors.

Start Your Business in 30 Days Even If You Don't Have An Idea
Start Your Business in 30 Days Even If You Don’t Have An Idea

Growth Of Bitcoin ATMs In The US

In the United State, the number of BTC ATMs (BTMs) rose to 17% Q1 2020. Cointelegraph reported that there were more than 7,000. The sporadic growth in the crypto asset and growing public demand for cryptocurrency is a major reason for the rise in Bitcoin ATMs.

However, much of the growth has been in the United States. “The number of BTMs in Switzerland Austria and the United Kingdom decreased in 2020, while Spain was stagnant with 71.” CoinATMRadar’s data reported.

See Also: 100 Profitable business ideas to start now for aspiring entrepreneurs and investors. 

What To Know About Bitcoin ATM (BTM)

Bitcoin ATM (Automated Teller Machine) is a kiosk that allows a person to purchase Bitcoin using cash or debit card. Apparently, some Bitcoin ATM offer bi-directional functionality enabling both the purchase of Bitcoin as well as the sale of Bitcoin for cash. In some cases, Bitcoin ATM providers require users to have an existing account to transact on the machine.

There are two main types of Bitcoin machines: cash kiosks and ATMs. Both types are connected to the Internet, allowing for cash or debit card payment, respectively, in exchange for bitcoins given as a paper receipt or by moving money to a public key on the blockchain. Bitcoin cash kiosks look like traditional ATMs, but do not connect to a bank account, instead, connect the user directly to a Bitcoin Exchange. 

BTC ATMs are traditional ATMs that connect to a bank account via the user’s debit card. They both dispense cash and sell bitcoin. According to an advisory issued by the Consumer Financial Protection Bureau, “they may also charge high transaction fees. Media reports describe transaction fees as high as 7%. Also, exchange rates are $50 over rates you could get elsewhere.”

Let’s put your business on the world map and create visibility for your brand today. Contact us today to increase your sales and revenue.



Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Join Entrepreneurs Family

No spam, only business insights and tips. 

Entrepreneurs Sign Up

Business Registration

Most Popular

Join Entrepreneurs Family

No spam, only business insights and tips. 

Entrepreneurs Sign Up

Related Posts

How to grow a side hustle

How to Grow Your Side Hustle Into a Successful Business

Many people start side hustles to earn extra income. But what if your side hustle could become your main source of income? Growing a side hustle is a skill. Do you have what it takes to grow a side hustle? If you don’t, we got you. Transforming your side hustle

Best sales books for entrepreneurs

Best Sales Books for Entrepreneurs and Business Owners

One effective way to stay ahead of the competition is by updating your knowledge in sales. There are a lot of sales books tailored to entrepreneurs. In this article, we will look at the best sales books for entrepreneurs. These books provide valuable strategies that can significantly impact business growth.

Leadership Skills Every Entrepreneur Needs

5 Key Leadership Skills Every Entrepreneur Needs to Have

Entrepreneurs often wear many hats, but effective leadership is what binds everything together. Strong leadership skills can transform a fledgling startup into a thriving business. In this article, we will talk about the leadership skills every entrepreneur needs to succeed. Leadership for entrepreneurs are not just about managing people. They

Management secrets for business success

5 Management Secrets That Will Make Your Business Succeed

Whether you’re running a startup or a well-established company, the way you manage your team and resources can make or break your business. It is no longer enough to just have a great product or service; you need to excel in management to stay ahead. There are key management secrets

Scroll to Top

Join Entrepreneurs Family!

Get access to FREE business insights and funding opportunities daily.

Entrepreneurs Sign Up