In 2020, there was a sharp increase in the number of ATMs that handle digital coins. Currently, there are over 10,000 such machines worldwide.
There are already 10,000 Bitomats in the world
According to the Norwegian financial services company AksjeBloggen, in September 2019, 5,336 bitomats were installed worldwide. According to the latest research, this figure is rose by 87% and currently we can convert our cryptocurrencies into cash in over 10,000. points. In 2020 alone, 3,900 new bitcoin ATMs were installed.
CoinATMRadar monitoring service indicates that there are currently 10,025 bitomats in 71 countries. They allow users to buy and sell BTC and other cryptos for cash.
“In 2020, there was a sharp increase in the number of ATMs that handle digital coins. Between January and September, 3,885 new BTMs were opened worldwide, an increase of 67% in nine months. ”
– we can read in the AksjeBloggen report.
The world leader in terms of the number of bitomats is the United States. There are over 7,800 of these devices installed in the USA. Canada is in second place with 869 machines. Depending on the bitomat, cryptocurrency holders can buy and sell major cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Dash (DASH), Litecoin (LTC), Zcash (ZEC), Monero (XMR) ), Dogecoin (DOGE), Tether (USDT) and XRP.
Despite the growing adoption of digital assets, there are countries that are shutting down sites to anonymously convert crypto to cash. CoinATMRadar data shows that Austria has liquidated a large part of the bitmatics located in the country.
This decrease may be related to new regulations in neighboring Germany, where there are only 27 bitomats. Machine owners must now obtain a license to operate from the national financial regulator, BaFin. German companies can face criminal liability for unlicensed placement of a bitomat on their property, regardless of who owns them.
Bitcoin exchange offices
In Poland, in addition to a large number of bitomats, a mass of stationary cryptocurrency exchange offices is also created. There is still a large group of enthusiasts who prefer to be operated by a human rather than a machine. Often a bitmachine has a small amount of cash available, so if you want to process a larger transaction, it is worth going to a stationary exchange office. You can find the map of stationary exchange offices in Poland HERE.