Buy Bitcoins at Bitcoin ATMs

Bitcoin ATM Market Dynamics February 2021

At the beginning of February, the price of Bitcoin was $33,136. The price maintained the upward trend when it reached the highest value of all time at $57,488 on the 22nd. After that, it started to decrease and the month ended with a Bitcoin price at $46,156. We can notice that the price went up by 39% during the month.

The speed of bitcoin ATM installations maintained a stable rise between 7-8%.

Period Start: 14934, Period End: 16101
Opened: 1310, Closed: 143, Net Growth: +1167 (7.8%)

Change by Manufacturers

NameStartEndDiff
Genesis Coin57256197 +472 (8.2%)
General Bytes40334384 +351 (8.7%)
BitAccess14731553 +80 (5.4%)
Coinsource10971173 +76 (6.9%)
Bitstop405462 +57 (14.1%)
Bytefederal283339 +56 (19.8%)
LightningXchange426473 +47 (11%)
Shitcoins Club127136 +9 (7.1%)
Cryptocurrency ATM5059 +9 (18%)
Lamassu622630 +8 (1.3%)
ChainBytes5155 +4 (7.8%)
Ankerpay35 +2 (66.7%)
zzBit8081 +1 (1.3%)
wBTCb2322 -1 (-4.3%)
Vault Logic1514-1 (-6.7%)
White Edge109-1 (-10%)
BitXatm6967-2 (-2.9%)

Genesis Coin continues to be the most active manufacturer. In February they added 472 new machines (8.2% increase). Likewise, General Bytes continues to be the second on the list with 351 new installations (8.7% increase). BitAccess was third with 80 new machines (5.4% increase).

Change by Operators

Operators who increased the number of machines by 4 or more over the past month:

NameStartEndDiff
Bitcoin Depot16301849 +219 (13.4%)
CoinFlip Bitcoin ATMs15101718 +208 (13.8%)
Bitcoin of America723828 +105 (14.5%)
CoinCloud13931473 +80 (5.7%)
Coinsource683754 +71 (10.4%)
Bitstop491548 +57 (11.6%)
Byte Federal, Inc.283339 +56 (19.8%)
RockItCoin803852 +49 (6.1%)
GetCoins181230 +49 (27.1%)
DigitalMint447494 +47 (10.5%)
Localcoin345374 +29 (8.4%)
Unbank172195 +23 (13.4%)
CoinUnited.io01717
Cash2Bitcoin.com146162 +16 (11%)
Bitcoin Well104115 +11 (10.6%)
Shitcoins Club127136 +9 (7.1%)
CoinShopATM19 +8 (800%)
Bitcoin4U1724 +7 (41.2%)
Just Digital Coin232238 +6 (2.6%)
TheCoinBros4955 +6 (12.2%)
BitNational8994 +5 (5.6%)
Hodl Digital Services6368 +5 (7.9%)
Digital Ventures Group LLC4045 +5 (12.5%)
Bitcoin Romania2732 +5 (18.5%)
BitBoss ATMs1217 +5 (41.7%)
Bitbox ATM116120 +4 (3.4%)
PureCoin1923 +4 (21.1%)
CoinMaster Bitcoin ATM15 +4 (400%)

The top of the operator list is also unchanged. Bitcoin Depot was most active with 219 new installations (13.4% increase) followed by CoinFlip Bitcoin with 208 new machines (13.8% increase). Bitcoin of America was the third most active operator in February with 105 new installations (14.5% increase).

We must notice that the Hong Kong-based operator CoinUnited.io installed the first 17 machines in February.

Change by Countries

NameStartEndDiff
United States1226913319+1050 (8.6%)
Canada11101183+73 (6.6%)
Hong Kong6583+18 (27.7%)
Romania6470+6 (9.4%)
Austria146150+4 (2.7%)
Spain99102+3 (3%)
Belgium3841+3 (7.9%)
Ireland2932+3 (10.3%)
Ukraine2124+3 (14.3%)
Turkey69+3 (50%)
Switzerland99101+2 (2%)
Australia2123+2 (9.5%)
South Africa68+2 (33.3%)
Poland7071+1 (1.4%)
Italy5152+1 (2%)
Hungary4849+1 (2.1%)
Georgia2425+1 (4.2%)
Mexico89+1 (12.5%)
Anguilla12+1 (100%)
Slovakia5150-1 (-2%)
Slovenia2019-1 (-5%)
Germany5149-2 (-3.9%)
Estonia108-2 (-20%)
United Kingdom215210-5 (-2.3%)

The United States broke the 1k mark in again February with 1050 new installations (8.6% increase). As usual, Canada was the second most active country with 73 new machines (6.6% increase). The already mentioned Hong Kong was third, with 18 new installations (27.7% increase).

Cryptocurrencies Support

Find the latest stats of various cryptocurrency machines here.

Cryptocurrencies support saw the following increases over the past month:

NameStartEndDiff
Bitcoin1473316091+1358 (9.22%)
Altcoins988511038+1153 (11.66%)
Litecoin962410696+1072 (11.14%)
Ether84709413+943 (11.13%)
Dogecoin75628+553 (737.33%)
Dash27683051+283 (10.22%)
Bitcoin Cash44154643+228 (5.16%)
Tether549619+70 (12.75%)
Lightning BTC1113+2 (18.18%)
Ripple122121-1 (0.82%)
Zcash10098-2 (2%)
Monero186181-5 (2.69%)

The percentage of Bitcoin ATMs supporting any other cryptocurrencies than Bitcoin dropped a bit and is now at 66.5%. Litecoin was again the second most added coin in February with 1072 additions (11.14% increase) followed by Ether with 943 additions (11.13% increase). Dogecoin was the third most added coin with 553 additions (737.33% increase). This was due to its price surge in February.

Summary

In February 2021, the price of Bitcoin reached the highest value ever. Genesis Coin and General Bytes are again the most active Manufacturers. The United States continues to dominate the countries list. Dogecoin experienced a significant increase in its ATM adoption.

2 thoughts on “Bitcoin ATM Market Dynamics February 2021

  1. Do you have any insights about why all Danish Bitcoin ATMs have closed down? We used to be able to find some here, but they are all gone.

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