A bitcoin ATM is a standalone device that allows members of the public to buy or sell bitcoin or other cryptocurrencies for a terminal. Bitcoin ATMs are connected to the Internet and often utilize QR codes to send and receive tokens to users’ digital wallets. There are 35800 ATMs in operation around the word (21800 ATMs more compared to August 2021).

How do these ATMs work?

A Bitcoin ATM allows customers to buy/sell BTC and even other cryptocurrencies. Bitcoin ATMs are rarely operated by major financial institutions and do not connect customers to a bank account. Depending on the transaction size, the bitcoin ATM may ask you for a mobile phone number to receive a text verification code. Or it may require you to scan government-issued identification, such as a driver’s license, before completing a transaction.

Bitcoin ATM Fees

Customers are charged a service fee as a percentage of the transaction ( not a fixed dollar value). The percentage is variable (1-5%).

Bitcoin ATMs by Country

Bitcoin ATMs are installed in many countries in the world. The current distribution of installations accross the countries is:

USA 31872 location

Canada 2337 locations

Spain 207 locations

 El Salvador 205 locations

 Poland 165 locations

 Switzerland 144 locations

 Hong Kong 139 locations

 Austria 133 locations

 Romania 122 locations

 UK 89 locations

 Italy 72 locations

 Czech Republoic 72 locations

 Greece 69 locations

 Russian Federation 59 locations