The first Bitcoin ATM (BTM) was set up in Vancouver, Canada on October 29, 2013. Since then, thousands of other cryptocurrencies have entered the market and the digital asset industry has skyrocketed. This has led to more than 40,000 BTMs being added over the last 10 years or so. Today, several countries around the world have opened Bitcoin ATMs that citizens can use to buy, sell and send various cryptocurrencies. However, the distribution of these BTMs is not exactly uniform, with some countries dwarfing others in terms of machine count. Here’s a look at the top 5 countries with the most Bitcoin ATMs today.
United States
The United States of America has the maximum number of Bitcoin ATMs. At the time of writing the number of Bitcoin ATMs in the country stands at 33,769. That equates to roughly 86 percent of all Bitcoin ATMs in the world. However, the country also reported the most number of closed ATMs in 2022, with 188 machines taken offline last year.
Canada
Canada is the pioneer of Bitcoin ATMs. As mentioned earlier, it was the first country to open up a BTM. The machine was set up in a coffee shop in Vancouver and saw 348 transactions worth around $100,000 in its first week of operation. The company that operated that particular ATM, Robocoin, has since shut down. However, the number of crypto ATMs in the country has skyrocketed. Today, Canada has 2,657 BTMs, propelling it to the number 2 spot in terms of countries with the most crypto ATMs.
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Spain
Spain is on a mission to become a leader in crypto adoption, both in Europe and across the world. Keeping with this goal, in Jan 2022, the country announced plans to add 100 new Bitcoin ATMs to existing BTM network. By Oct the same year, Spain seemed to be on track with its mission, toppling El-Salvador to become the third-largest crypto ATM hub. Currently, the country has nearly 270 Bitcoin ATMs spread across different cities. The plan is to reach 300 BTMs soon.
Australia
Just a few months earlier, Australia was ranked fifth in terms of Bitcoin ATMs. However, according to recent reports, the land down under added 99 BTMs towards the end of 2022. In doing so, Australia effectively pipped El Salvador to become the fourth-largest crypto ATM hub in the world. At the time of writing, Australia had around 240 Bitcoin ATMs spread across the country serving its rapidly expanding crypto community. The country represents 0.6 percent of the global installations of Bitcoin ATMs and is on its way to overtaking the number of Bitcoin ATMs in Asia.
El Salvador
El Salvador was the first country in the world to adopt Bitcoin as its legal tender. President Nayib Bukele has always been a proponent of Bitcoin and has taken several measures to turn El Salvador into a pro-BTC country. He even went as far as using geothermal energy from volcanoes to power Bitcoin mining.
Therefore, opening Bitcoin ATMs seemed to be a fundamental step towards furthering the dream of a Bitcoin-first nation. As such, in 2021, president Bukele decided to establish more than 200 BTC ATMs across the country. This put the El Salvador 3rd on the list of countries with the most BTMs. However, over the last few months, Spain and Australia have overtaken the island nation and currently, El Salvador is the fifth largest hub for crypto ATMs, with 212 machines installed across the nation.
Conclusion
There’s no denying it, 2022 was a terrible year for the crypto industry. The crypto winter caused prices to plummet and the situation was worsened by the FTX and Luna meltdowns. These circ*mstances could explain why the number of Bitcoin ATMs dropped in 2022.
According to data from CoinATMRadar, the number of BTMs fell by 2.05 percent, with 796 crypto ATMs being pulled off the global network between Jan and September 2022. Moreover, only 94 new BTMs were added between July and the end of 2022. However, 2023 is off to a bright start and could signal a turnaround for the cryptoverse. This could result in more BTMs being added in the coming months.
Also Read: Explained: How Ethereum’s token burns are making it a deflationary cryptocurrency
FAQs
This is a significant change from a list that looks at the Bitcoin (BTC) trading volume in 44 countries: There, the United States and Russia were said to have traded the highest amounts of this particular virtual coin. Nevertheless, African and Latin American countries are noticeable entries in that list too.
Which country has the most Bitcoin ATMs? ›
Bitcoin ATMs by Country
- United States. (31554 locations)
- Canada. (3103 locations)
- Australia. (1180 locations)
- Spain. (304 locations)
- Poland. (282 locations)
- Germany. (181 locations)
- Hong Kong. (177 locations)
- New Zealand. (171 locations)
This is a significant change from a list that looks at the Bitcoin (BTC) trading volume in 44 countries: There, the United States and Russia were said to have traded the highest amounts of this particular virtual coin. Nevertheless, African and Latin American countries are noticeable entries in that list too.
Who is the largest Bitcoin ATM provider? ›
The Largest Bitcoin ATM Provider. Bitcoin Depot®
How many Bitcoin ATMs are there in the United States? ›
Like standard ATMs, Bitcoin ATMs are a type of electronic kiosk where customers can make financial transactions, but they're designed for cryptocurrency rather than cash. There are approximately 31,000 Bitcoin ATMs and tellers across the United States, according to CoinATMRadar.com.
Which country has the most ATMs? ›
Based on a comparison of 156 countries in 2020, China ranked the highest in number of ATMs with 1,013,900 ATMs followed by India and Russia.
What countries are the biggest holders of Bitcoin? ›
Download Table Data
| Country | # of People Who Own Cryptocurrency 2023 | Bitcoin Trading Volume (million USD) 2020 |
|---|
| India | 93.5M | $63.72 |
| China | 59.1M | $198.26 |
| United States | 52.9M | $1,523.60 |
| Brazil | 26M | $25.22 |
82 more rows- How to Measure Bitcoin Adoption.
- Los Angeles (1,710)
- Houston (1,339)
- Chicago (1,120)
- Sydney (242)
- Hong Kong (171)
- Tbilisi (114)
- Warsaw (86)
El Salvador took a different path toward digital payments. In 2021, in order to promote financial inclusion and job creation and facilitate remittances, it became the first country to adopt Bitcoin as a legal tender.
Who is the richest crypto trader? ›
For the third year running, Changpeng Zhao, founder and former CEO of crypto exchange Binance, is crypto's wealthiest person. Despite pleading guilty to U.S. money laundering charges in November, CZ, as he's known, is now worth an estimated $33 billion, up from $10.5 billion last year.
top atm manufacturers. When the time comes to select an ATM manufacturer, you'll find there are many companies that provide automated teller machine products and services. However, the top three ATM manufacturers that have proven their expertise and reliability with our team are NCR, Diebold Nixdorf, and Hyosung.
What is the largest ATM network in the world? ›
NCR Atleos' Allpoint is the largest surcharge-free ATM network worldwide with over 55,000 ATMs in leading national and regional merchant locations across the United States, Canada, United Kingdom, Puerto Rico, Australia and Mexico.
Which country has more Bitcoin ATM? ›
The USA is the leader in Bitcoin ATMs, with over 26,000 operations.
How much does Bitcoin ATM charge per $1000? ›
How Much Does a Bitcoin ATM Charge for $1,000? It depends on the vendor. Byte Federal claims its ATMs might charge between 10% and 25%, while CoinFlip ATMs charge between 4.99% and 21.90% of the total transaction amount.
Can I send $10,000 through Bitcoin ATM? ›
Fees can range from 5% to 10% of the transaction amount. The amount a Bitcoin ATM can send simultaneously varies depending on the operator and jurisdiction. Generally, limits range from $3,000 to $10,000, but specific amounts may differ.
Can I send $10,000 through Bitcoin ATM in USA? ›
The amount a Bitcoin ATM can send simultaneously varies depending on the operator and jurisdiction. Generally, limits range from $3,000 to $10,000, but specific amounts may differ. The maximum amount you can deposit depends on the specific machine and operator, but it often ranges from $20 to $10,000.
What country produces the most Bitcoin? ›
The biggest bitcoin mining countries are: 1) The United States (40%) 2) China (15%) 3) Russia (12%) This map will look very different in 1-2 years as miners in Africa and Latin America expand operations. A massive trend in the industry will be miners migrating toward these regions.
How much does Bitcoin ATM charge for $1000? ›
Bitcoin ATM fees vary due to operational costs, geographical location, and the specific operator. Bitcoin ATMs fee ranges from 7.5% to 25% so for: 500$ the fees will range from 37.5$ to 125$. 1000$ the fees will range from 75$ to 250$.
Which state uses Bitcoin most in the USA? ›
The top five states with the highest percentage of crypto-owning population are California, New Jersey, Washington, New York, and Colorado, according to Coinbase research.
