There are now close to 34,000 cryptocurrency ATMs available globally that offer users options to buy and exchange Bitcoin
The demand for cryptocurrencies like Bitcoin continues to grow, so does the number of BTC ATMs on the streets. Basic transactions and easy currency conversion that ATMs offer facilitate the transition from fiat money to cryptocurrencies.
According to reports by Coin ATM Radar, as of January 1, 2021, there were 14,040 BTC ATMs in operation. As of yesterday, December 28, there were 33,850 of these ATMs in action. That’s more than the total of all crypto ATMs put into operation in the previous seven years.
Bearing in mind that not all BTC ATMs are being tracked by CoinAtmRadar – the true number might be drastically higher. The expanding number of BTC ATMs in operation in 2021 demonstrates how important these machines are becoming as cryptocurrencies gain popularity and acceptance worldwide.
A number of companies now manufacture automated teller machines supporting cryptocurrencies. The biggest players in the market are Genesis Coin with almost 14,000 devices, General Bytes with more than 7,500, and Bitaccess with close to 5,000. Coinsource and Bitstop, with less than 2,000 each, complete the top five. At least 6,000 businesses maintain crypto ATMs in different parts of the world, with the 10 largest operators running 70% of them all. The largest companies in the sector are Bitcoin Depot, which holds a fifth of the market with over 6,600 machines, followed by Coincloud (over 4,600), and Coinflip (almost 3,500).
“Bitcoin ATM is one of the safest ways to buy, send or sell Bitcoin. First, instant transactions protect you from Bitcoin volatility. Second, passwords and two elements. Authentication protects your account from other users, “says Bitcoin ATM company Coinsource. In addition, Bitcoin ATM does not use third parties and the funds are sent directly to the blockchain.
