Over 8700 Bitcoin ATMS now Installed Globally

[Shutup]

Nice. Thankyou for this info it’s really helpful to us.

[Alobo Realer]

This is a great news for the crypto market, this shows the unstable growth and adoption of Bitcoin. As those ATMs keep increasing in different countries so it's  legitimacy and greater value keeps spreading.

Sooner Bitcoin will become a globally accepted currency and alternative means for easy and safe payment transactions.

[Eugenar]

It seems like the US-dominated the number of ATM, it means that there are many bitcoin users in the country of the US, well that is good for them because their government allowed their citizens to use bitcoin. Bitcoin becomes so prominent all over the world, there are so many people who are now using the bitcoin that is why we have also many ATM all over the world.

[Rana590]

This is a great news for the crypto market, this shows the unstable growth and adoption of Bitcoin. As those ATMs keep increasing in different countries so it's  legitimacy and greater value keeps spreading.

Sooner Bitcoin will become a globally accepted currency and alternative means for easy and safe payment transactions.

But some government are not concerned about bitcoin. There are a lot of country where bitcoin is not legal and for this reason people are not accepting it. If it spreads all over the world, people will be able to take benefit from ATM where bitcoin is connected.

[AndiP2]

we still need more ATMS

[pakhitheboss]

The problem with these ATM's is that they all are located in developed countries like the US or Europe. People in developing or third world countries need this service more than those in the already established economies. It would be great if this ATM company can start providing its service in those countries.

[crwth]

we still need more ATMS

I do believe that as well but probably not right now. It's not the best idea right now knowing the current situations with the world. Cashless and less contact would be the ideal thing right now.

The problem with these ATM's is that they all are located in developed countries like the US or Europe. People in developing or third world countries need this service more than those in the already established economies. It would be great if this ATM company can start providing its service in those countries.

The reason for that is because the people who use it are there, not the other way around. It's not a great idea to put ATMs in less developed countries because it would be useless. Maybe as the adoption of crypto increases, then perhaps there would be more around the world.

[Mbitr]

There’s a nice increase in the amount of ATMs since the OP on the 19th July. So in roughly 6 weeks there’s been roughly a 11% increase. Not bad, and I’m a firm believer that at the very least these ATMs act as advertising, increasing the exposure of Bitcoin.

[Ridwan Fauzi]

Actually, I have no interest to use Bitcoin's ATM to take my money through it since they charge 8-10% as a fees that I think that is really huge amount. I just comfortable to withdraw my money to my banking account directly through an exchange, because as of now almost all crypto-exchanges are allowed to withdraw/deposit bitcoin to our bank account which have a low fee.

[dansus021]

"Over 8700 Bitcoin ATMS now Installed Globally" but right now there's no single atm in my city 
and if i read the Pie Chart mostly ATM located in America

[Anna138]

Actually, I have no interest to use Bitcoin's ATM to take my money through it since they charge 8-10% as a fees that I think that is really huge amount. I just comfortable to withdraw my money to my banking account directly through an exchange, because as of now almost all crypto-exchanges are allowed to withdraw/deposit bitcoin to our bank account which have a low fee.

I do not understand why to use bitcoin ATMs, when you can transfer bitcoins to a regular Fiat at any exchange and withdraw them through a regular ATM with a minimum Commission. I see the use of bitcoin ATMs only in order to increase the status of bitcoin itself and to increase their number. But it is certainly more profitable to use Fiat ATMs to cash out your crypt.

[kryptqnick]

Recent statistics provided by CoinATMRadar now show that the number of bitcoin ATMs installed worldwide have surpassed 8700. Since July 1, 234 new bitcoin ATMs have been installed and as of July 12, the values have reached 8,724 globally. Out of this value, 6493 bitcoin ATMs are located in the united state while Genesis Coin remains the highest producer of Bitcoin ATM machine (3027) https://coinatmradar.com/countries/

The diagram makes it strikingly clear that while 'globally' is technically correct, it's not used in the way one would expect. What I mean is that the vast majority of ATMs is in North America, then just 14% in Europe and almost none in other countries and on other continents. I think that ATMs are useful just to show that they are there and people can always exchange their BTC for fiat or vice versa if they want to. It raises awareness and adds to the status of Bitcoin as something serious. However, many experienced Bitcoin users would never use an ATM because there are much cheaper ways of performing the exchange. That being said, maybe some ATM providers will finally realize that they can lower the fees and still get a lot of money, while also attracting way more users than their competitors.

[TedMosby]

it's been 1.5 months since this thread created, and now we have 9681 crypto ATM in this world.
almost a thousand in 1.5 months.
but, I wonder how this site gathered the data.

for anyone here, if you want to know if Bitcoin ATM is profitable, you can estimate it with this link,
https://coinatmradar.com/roi/bitcoin_atm_business_return_on_investment/

[ChrisPop]

I'm glad that the number of Bitcoin ATMs is growing, but sincerely I haven't ever used one because of the high fees.

I mean it is convenient than creating an exchange and going through KYC procedures, but is it really worth the fee? You decide, but for me it isn't. A below 5% fee would be acceptable. Hopefully if the trading volume increases we will see a reduction on commissions.

[teosanru]

Really is this true? Can't believe these statistics they are just too good to believe. Moreover at the same time I am surprised that with rising number of ATMs US government still hasn't brought a full fledged law for cryptocurrencies and still without the law they aren't banning these ATMs the scenario is entirely different in my country. One exchange tried to put up an ATM in a mall which was consequently seized and the owner of the Company was arrested for Fraud.

[Sanugarid]

it's been 1.5 months since this thread created, and now we have 9681 crypto ATM in this world.
almost a thousand in 1.5 months.

It is pretty a lot actually, I imagine having a bitcoin ATM but not this soon just after a decade. We also have this in our country but it isn't fully implemented yet, there are some trials still in the making to make it out generally to the public, coz even me that I know about bitcoin I'm a bit confuse about it especially when paying the transaction fee.

but, I wonder how this site gathered the data.

I think it has something to do with some connections, things now are easy to monitor when you have tools. What I wonder is that no one has ever got to use a BATM here in the forum except The Pharmacist, if I'm not mistaken lol. ( Is he the one who drove his bike to get there?) just 70% sure.

[MCobian]

It's good news knowing the number of Bitcoin ATMs is growing, but interestingly, most of the Bitcoin ATMs in circulation are in the Americas.
This means that the demand for Bitcoin ATMs in America is quite high, even though the American government is very strict on the circulation of
cryptocurrency.This has not stopped Americans from using Bitcoin. I hope that in the future the spread of Bitcoin ATMs will be evenly distributed
on all continents.

[CaVO32]

it's been 1.5 months since this thread created, and now we have 9681 crypto ATM in this world.
almost a thousand in 1.5 months.

It is pretty a lot actually, I imagine having a bitcoin ATM but not this soon just after a decade. We also have this in our country but it isn't fully implemented yet, there are some trials still in the making to make it out generally to the public, coz even me that I know about bitcoin I'm a bit confuse about it especially when paying the transaction fee.

but, I wonder how this site gathered the data.

I think it has something to do with some connections, things now are easy to monitor when you have tools. What I wonder is that no one has ever got to use a BATM here in the forum except The Pharmacist, if I'm not mistaken lol. ( Is he the one who drove his bike to get there?) just 70% sure.

And maybe once this pandemic is over, we will see more of these bitcoin ATMs as the adoption is growing. And yes, only few crypto users so far used btc ATM. And yes, he is The Pharmacist -

https://bitcointalk.org/index.php?topic=5262424.0

Also, there's another one, Peter R way back in 2013.

https://bitcointalk.org/index.php?topic=330720.0

But honestly, not many really use bitcoin ATM because most of us convert our crypto to fiat with other means like local exchange, p2p or local remittances. Maybe, because the fee is lower than using this ATM and also the convenience from where you are. Sometimes they are not easily accessible. So whatever is near to you, like local exchange, you use their services. Even me, which has been years in crypto, never tried a btc ATM yet.

[Yatsan]

it's been 1.5 months since this thread created, and now we have 9681 crypto ATM in this world.
almost a thousand in 1.5 months.
but, I wonder how this site gathered the data.

That was certainly great that after a couple of months since the thread that the OP have created, a massive growth have been observed that the numbers of present Bitcoin ATMs world wide is approaching 10,000 which is totally awesome to the fact that this is certainly a good sign that Bitcoin adaption can be clearly seen in many parts of the world because of the presence of this Bitcoin ATMs that can provide convenience to the people around the area and will serve as encouragement for non Bitcoin users to get into engagement on getting into Bitcoin usage and adaption which is really good for the demand and popularity of Bitcoin as a whole.

Looking forward that Bitcoin ATMs will still grow in numbers and be located in every countries around the world for among those numbers indicated are mostly on rich countries where Bitcoin adaptation is already present. May be at the future Bitcoin ATMs will be found even at small countries like mine which would be a great thing to happen.

[deadmousehat]

in asia only a few and not available in my country and if I want to use it have to go to neighboring countries LOL.
although we can use exchanger to exchange or withdraw with lower fee, an ATM is still needed when conditions are urgent. I am happy to see bitcoin ATMs growing