Highlights:

  • The total number of Bitcoin ATMs worldwide crosses 6000
  • This counts for 12% increase in 3 months and 700% increase in 3 years
  • US still holds the lions share of the ATMs

In light of the current crypto-climate, the number of Bitcoin ATMs world wide as estimated by CoinATMRadar has crossed 6000. This number is up 700% since September 2016. As per the data accounting for the number of Bitcoin ATM installed from 2016 to 2019, a total of 757 ATMs were installed as of 2016 when compared to the several thousand installed in 2019 alone.

A Bitcoin ATM is much like the traditional ATM that dispenses fiat currencies where you use your debit card to withdraw USD, EUR, INR etc. A notable aspect of these ATMs is that they allows you to buy/sell bitcoins anonymously. No KYC or AML is required to transact using a Bitcoin ATM which means it is actually a very good way to secure your identity and privacy.

The United States continues to lead the rest of the world in bitcoin ATMs, with more than 3,900 machines installed. Canada has the second most 653, followed by the United Kingdom with 272 crypto ATM installations. 


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Sudarshan M

Sudarshan M is a long time crypto-enthusiast. Pulled in by bitcoin early on, it didn’t take long for Sudarshan to divert all of his academic attention from business studies to blockchain by doing his Masters and eventually pursuing his PhD in the subject. He is currently a researcher at the University of Nicosia. He is also the author of two research papers and a book on Blockchain’s future in Education titled: An Academic Overview of Blockchain - Applications in Educational Institutions. Sudarshan is an entrepreneur, blogger, educator, researcher and an avid proponent of Dogecoin. Such coin, Much wow.

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