Bitcoin Depot ATM

Bitcoin ATM Market Dynamics March 2018

This March Bitcoin price experienced a steady downfall. After reaching the highest price since the end of January at $11,565, at the beginning of the month, the price of Bitcoin started its decline. If you exclude a couple of bumps in the middle of March, the price faced a constant decrease and finished the month with $6,935, a 40% decrease in comparison to the beginning of the month.

Bitcoin Price March 2018
Bitcoin Price March 2018, source: blockchain.info

Unlike the price downward trajectory, the number of new machines continues to grow.

Period Start: 2401, Period End: 2649
Opened: 289, Closed: 41, Net Growth: +248 (+10.3%)


The trend of steady growth of new machines continues in March, as it recorded the highest growth this year, beating January and February. We should highlight that Net Growth almost doubled in comparison to January when it was +128.

Change by Manufacturers

Name Start End Diff
General Bytes 632 730 +98 (15.5%)
Genesis Coin 825 894 +69 (8.4%)
Lamassu 303 328 +25 (8.3%)
BitAccess 128 152 +24 (18.8%)
Covault 88 104 +16 (18.2%)
Coinsource 162 176 +14 (8.6%)
Orderbob ATM 15 24 +9 (60%)
wBTCb 11 14 +3 (27.3%)
Shitcoins Club 10 13 +3 (30%)
BTC facil 22 23 +1 (4.5%)
BBFPro 10 11 +1 (10%)
Open Bitcoin ATM 1 2 +1 (100%)
BitXatm 49 48 -1 (-2%)
zzBit 10 9 -1 (-10%)
BitTeller 20 18 -2 (-10%)

In March we saw the switch in the first two places on the list, where General Bytes took the first place with 98 installations (15.5% increase), while Genesis Coin lowered to second place with respect to new installations, as opposed to previous months of this year, adding 69 new machines (8.4% increase). Lamassu went up to third place with 25 new installments (8.3% increase), which is their highest place on the list this year. BitAccess continued its growth this year with 24 new machines (18.8% increase) and fell down to fourth place.

On the negative side there was insignificant reduction of ATMs by 1-2 units among BitXatm, zzBit, and BitTeller.

Change by Operators

Operators who increased the number of machines by 3 or more over the past month:

Name Start End Diff
CoinCloud 104 129 +25 (24%)
LocalCoin 38 57 +19 (50%)
Pay DEPOT LLC 88 104 +16 (18.2%)
GetCoins 0 16 +16
Coinsource 162 176 +14 (8.6%)
CoinFlip Bitcoin ATMs 43 55 +12 (27.9%)
Bitstop 52 63 +11 (21.2%)
General Bytes Services s.r.o. 7 17 +10 (142.9%)
Bitcoin Depot 118 127 +9 (7.6%)
Digital Mint 58 66 +8 (13.8%)
Instacoin 73 80 +7 (9.6%)
BTC Management Gmbh 8 13 +5 (62.5%)
Cottonwood Vending 69 73 +4 (5.8%)
HoneyBadger 45 48 +3 (6.7%)
Bitcoiniacs 23 26 +3 (13%)
WBTCB 11 14 +3 (27.3%)
Shitcoins Club 10 13 +3 (30%)
BitcoinNW 5 8 +3 (60%)
Avatar Technology GmbH 3 6 +3 (100%)
ModernTender 3 6 +3 (100%)
CoinWorks 2 5 +3 (150%)

No changes at the top of the list, CoinCloud retained the top spot with 25 new installations which increased their machines number by 24%. Canadian operator LocalCoin recorded the biggest growth so far this year (50%) by adding 19 machines. Illinois based operator GetCoins installed their first 16 machines this month which granted them the third spot, which they shared with Pay Depot LLC, also with 16 installations. Coinsource was on the fourth spot this month with 14 new machines (8.6% increase), followed by CoinFlip and Bitstop with 12 and 11 new locations respectively. The trend of mostly US-based companies topping the list continues in March with exclusion of LocalCoin.

Other non-US operators that can be mentioned this month should be Prague based General Bytes Services s.r.o., which is a sister company of bitcoin machine producer General Bytes s.r.o., which added 10 new machines and increased their numbers by 142,9%. Another Canadian company Instacoin increased its network by 7 machines, making a total of 80 machines operated within their network.

Change by Countries

Name Start End Diff
United States 1422 1567 +145 (10.2%)
Canada 368 418 +50 (13.6%)
Austria 122 135 +13 (10.7%)
Czech Republic 27 40 +13 (48.1%)
United Kingdom 110 114 +4 (3.6%)
Spain 36 40 +4 (11.1%)
Italy 17 21 +4 (23.5%)
Slovakia 13 17 +4 (30.8%)
Poland 14 17 +3 (21.4%)
Australia 22 24 +2 (9.1%)
Switzerland 19 21 +2 (10.5%)
Slovenia 9 11 +2 (22.2%)
Hong Kong 7 9 +2 (28.6%)
Ukraine 1 3 +2 (200%)
Georgia 0 2 +2
Russian Federation 38 39 +1 (2.6%)
Finland 21 22 +1 (4.8%)
Netherlands 20 21 +1 (5%)
Dominican Republic 6 7 +1 (16.7%)
Romania 5 6 +1 (20%)
Colombia 3 4 +1 (33.3%)
San Marino 0 1 +1
Djibouti 0 1 +1

United States of America continues to dominate this list in every aspect, with Canada constantly following. Austria continues to be the highest-ranked country outside North America after it took that place from the United Kingdom in February with a recorded increase by 13 machines this month. The Czech Republic recorded the same number of new machines which was a 48,1 % increase and earned the fourth spot in March. It is a pleasant fact that almost every month there are installations of bitcoin ATMs in countries, where no machines were present before. In March these countries were: Georgia, San Marino, and Djibouti.

Altcoins Support

Find latest stats of other cryptocurrency machines here.

Altcoin support saw the following increases over the past two months:

Name Start End Diff
Bitcoin 2401 2649 +248 (+10.3%)
Any altcoin 1093 1304 +211 (+19.3%)
Litecoin 1043 1232 +189 (+18.1%)
Ether 520 699 +179 (+34.4%)
Bitcoin Cash 210 340 +130 (+61.9%)
Dash 203 250 +47 (+23.15%)
Monero 3 22 +19 (633.3%)
Zcash 20 34 +14 (+70%)
Dogecoin 15 18 +3 (+20%)

The number of machines that support at least one type of altcoin continues to grow steadily this year and reached the number of 49% in March. Ether again recorded a valuable increase. It was added at 179 machines which is an increase of 34,4%, but they are still below Litecoin as a most supported altcoin as of today, which recorded increase of 18,1% by being added at 189 new machines. Bitcoin Cash continues to get added on many machines (+130 in March). Monero has been added on 19 machines (633.3%).

Summary

The cryptocurrency market continued to be extremely volatile this year. In February prices were recovering after sharp fall in January, while in March the situation changed, and they entered the period of constant decrease. Either way, these fluctuations did not prevent the continuous increase in cryptocurrency machines installations in March. More and more ATMs are installed every month which is a trend that we could expect this year, along with the increasing support for a greater number of altcoins as time goes by.

2 thoughts on “Bitcoin ATM Market Dynamics March 2018

  1. I didnt recieve a confirmation sms after i bought bitcoin from a machine..but it said top up sucessful..what can be the cause?how long will it take?have i lost my $1900…?

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