Bitcoin Depot ATM

Bitcoin ATM Market Dynamics July 2018

In the first half of July the price of bitcoin maintained a steady flow, keeping the value between $6,250 – $6,750. While in the other half of the month, the price started to grow. The month ended with a price tag of $7,917 which is an 24% increase in comparison to $6,375 at the beginning of the month.

Bitcoin Price July 2018, source: blockchain.info

Accompanying the upward price trajectory was the growth in the number of new machines, but the growth is significantly slower than in previous months.

Period Start: 3415, Period End: 3470
Opened: 187, Closed: 132, Net Growth: +55 (+1.6%)

The end of period of quick growing prices also result in some slow down on bitcoin ATM market. We steadily have several second-hand bitcoin ATMs for sale, which was empty section during several months of high prices. Also as manufacturers deliver machines to operators with delay of several months (usually about 3 months) approximately middle of spring was the time when machines ordered on the peak of hype were delivered, since then the installations speed reduced.

Change by Manufacturers

Name Start End Diff
Lamassu 378 403 +25 (6.6%)
Genesis Coin 1158 1182 +24 (2.1%)
RusBit 36 43 +7 (19.4%)
LightningXchange 11 17 +6 (54.5%)
wBTCb 24 29 +5 (20.8%)
Coinme 65 67 +2 (3.1%)
BBFPro 17 19 +2 (11.8%)
Bitcoin D.A.V.E. 7 9 +2 (28.6%)
Bcash Greece Inc 5 7 +2 (40%)
Trovemat 3 5 +2 (66.7%)
Covault 118 119 +1 (0.8%)
BitXatm 72 73 +1 (1.4%)
BTC facil 23 24 +1 (4.3%)
Shitcoins Club 17 18 +1 (5.9%)
CoinOutlet 13 14 +1 (7.7%)
Skyhook 8 9 +1 (12.5%)
zzBit 8 9 +1 (12.5%)
CryptoATM 1 2 +1 (100%)
BitTeller 19 18 -1 (-5.3%)
BitAccess 209 207 -2 (-1%)
Orderbob ATM 47 45 -2 (-4.3%)
General Bytes 949 925 -24 (-2.5%)

This month there was a change at the top of the list. Lamassu had 25 new installations (6.6% increase), just behind was Genesis Coin with 24 new machines (2.1% increase), while RusBit stayed on the third spot with 7 new machines (19.4% increase).

General Bytes, an operator that was constantly in the top of the list, had a net decrease of  24 machines (2.5% decrease) this July. This is mainly due to closure and remove of all ATMs that were previously run by Cointed (they had roughly 70 machines under management). Without this event General Bytes would have been growing by +45 machines and being at the top of the list. Other manufacturers that reduced the number of machines are: BitTeller with 1 (-5.3% decrease), BitAccess with 2 (-1% decrease) and Orderbob ATM with 2 (-4.3% decrease).

Change by Operators

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

 

Name Start End Diff
HoneyBadger * 54 71 +17 (31.5%)
Instacoin 88 95 +7 (8%)
RusBit 36 43 +7 (19.4%)
RockItCoin 107 112 +5 (4.7%)
CoinFlip Bitcoin ATMs 76 81 +5 (6.6%)
Digital Mint 59 64 +5 (8.5%)
BITMAT 44 49 +5 (11.4%)
WBTCB 24 29 +5 (20.8%)
Bitcoin Depot 144 148 +4 (2.8%)
SatoshiPoint 25 29 +4 (16%)
Pelicoin LLC 12 16 +4 (33.3%)
AlphaVend 10 14 +4 (40%)
BITCOINMAT.sk 6 10 +4 (66.7%)
Bitiago 6 10 +4 (66.7%)

At the top of the Operators list there is a completely different situation than last month. Instacoin sits at the top with 7 new installations (8% increase), while RusBit remained on second place with the same number of new machines 7 (19.4% increase). On the third place there is RockItCoin that had 5 new installations (4.7% increase). Basically, in July all operators from the list made a similar increase varying from 3 to 7 new machines.

* Update (12 Sep, 2018): There were 17 machines installed in July 2018 by HoneyBadger, which makes them the top operator of the month. As machines were added on the site later (in August), they were not initially reflected in this review.

Change by Countries

Name Start End Diff
United States 1982 2005 +23 (1.2%)
Canada 513 532 +19 (3.7%)
Russian Federation 56 68 +12 (21.4%)
United Kingdom 158 169 +11 (7%)
Colombia 10 17 +7 (70%)
Czech Republic 52 58 +6 (11.5%)
Slovakia 26 32 +6 (23.1%)
Switzerland 25 29 +4 (16%)
Hong Kong 18 21 +3 (16.7%)
Georgia 3 6 +3 (100%)
Malaysia 1 4 +3 (300%)
Australia 48 50 +2 (4.2%)
Poland 20 22 +2 (10%)
Greece 7 9 +2 (28.6%)
Netherlands 22 23 +1 (4.5%)
Slovenia 10 11 +1 (10%)
Singapore 9 10 +1 (11.1%)
Taiwan 7 8 +1 (14.3%)
Ukraine 4 5 +1 (25%)
Portugal 2 3 +1 (50%)
Liechtenstein 1 2 +1 (100%)
Ireland 1 2 +1 (100%)
Armenia 0 1 +1

As usual, United States with 23 (1.2% increase) and Canada with 19 new machines (3.7% increase) are the two countries that have greatest increase in new installations from month to month. Following them are European countries Russian Federation with 12 new machines (21.4% increase) and United Kingdom with 11 new installations (7% increase). A new country on the list this year is Colombia, there were 7 new machines (70% increase) installed in this country in July.

We are happy to announce that Armenia installed their first machine this month. It is a buy only General Bytes ATM operated by CoinBox located in capital city Yerevan.

Other Cryptocurrencies Support

Find latest stats of other cryptocurrency machines here.

Cryptocurrencies support saw the following increases over the past month:

Name Start End Diff
Bitcoin Cash 612 722 110 (17.97%)
Dash 329 427 98 (29.79%)
Altcoins 1759 1836 77 (4.38%)
Bitcoin 3396 3467 71 (2.09%)
Litecoin 1661 1730 69 (4.15%)
Ether 1070 1120 50 (4.67%)
Monero 59 68 9 (15.25%)
Dogecoin 38 44 6 (15.79%)
Zcash 50 50 0

This July, the percentage of cryptocurrencies other than Bitcoin that are accepted in ATMs increased to 53%. Bitcoin Cash was the most added coin in July by being accepted in 110 new machines (17.97% increase). Dash made it to the second spot. This coin was accepted in 98 ATMs which is a 29.79% increase. And the last month’s top spot Bitcoin rolled back to third place in July. It was added at 71 ATMs (2.09% increase) compared to previous month figures.

Summary

This July Bitcoin prices experienced an increase in accordance with the overall fluctuation. Manufacturers Lamassu and Genesis Coin added the most installations. The average Operators machine increase was around 5 in this month.  Armenia installed its first ATM. Bitcoin Cash was the most added cryptocurrency to ATMs in July.

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