Bitcoin Depot ATM

Bitcoin ATM Market Dynamics October 2018

The price of Bitcoin was fairly stable this October. The month started with a price of $6,591. The lowest value was on the 10th where it was at $6,249. October ended with a Bitcoin price at $6,310 which is a 5,1% decrease when we compare it to the price from the beginning of the month.

Bitcoin Price October 2018, source: blockchain.info

Unlike the price fluctuating trajectory, the number of new machines continues to grow at an approximately same rate as in September.

Period Start: 3781, Period End: 3931
Opened: 206, Closed: 56, Net Growth: +150(3.9%)

Change by Manufacturers

Name Start End Diff
General Bytes 1091 1153 +62 (5.7%)
Genesis Coin 1241 1273 +32 (2.6%)
Orderbob ATM 66 84 +18 (27.3%)
Lamassu 423 433 +10 (2.4%)
LightningXchange 20 30 +10 (50%)
BitAccess 208 216 +8 (3.8%)
RusBit 47 51 +4 (8.5%)
wBTCb 31 33 +2 (6.5%)
Shitcoins Club 22 24 +2 (9.1%)
Criptec 3 5 +2 (66.7%)
BitTeller 19 20 +1 (5.3%)
Bcash Greece Inc 12 13 +1 (8.3%)
Trovemat 11 12 +1 (9.1%)
zzBit 9 10 +1 (11.1%)
BBFPro 6 7 +1 (16.7%)
Coinsource 197 192 -5 (-2.5%)

As in September, General Bytes takes the first place with 62 new machines (5.7% increase), followed by Genesis Coin with 32 new machines (2.6% increase). Also, Orderbob ATM remained third with 18 new installations (27.3% increase). LightningXchange is back on the list this October and takes the fifth place with 10 installations (50% increase).

Also, Coinsource experienced a 2.5% decrease by removing 5 machines.

Change by Operators

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

Name Start End Diff
BTC Management Gmbh 58 74 +16 (27.6%)
Bitcoin of America 54 68 +14 (25.9%)
Digital Mint 63 74 +11 (17.5%)
Crypto Dispensers Bitcoin ATMs 10 20 +10 (100%)
RockItCoin 126 133 +7 (5.6%)
Kurant 33 39 +6 (18.2%)
iQCashNow 84 89 +5 (6%)
Hodl Digital Services 14 19 +5 (35.7%)
Shomul Bitcoin ATM 10 15 +5 (50%)
CoinFlip Bitcoin ATMs 100 104 +4 (4%)
Athena Bitcoin 66 70 +4 (6.1%)
RusBit 47 51 +4 (8.5%)
Unbank.world 2 6 +4 (200%)

Again, BTC Management Gmbh remains the first on the Operators list with 16 new installations (27.6% increase). Following by is Bitcoin of America with 14 new machines (25.9% increase). Only other Operators that increased their numbers by more than 10 machines were Digital Mint with 11 new machines (17.5% increase), and Crypto Dispensers Bitcoin ATMs who doubled their numbers with 10 installations (100% increase).

Change by Countries

Name Start End Diff
United States 2117 2183 +66 (3.1%)
Austria 215 243 +28 (13%)
Canada 592 599 +7 (1.2%)
Russian Federation 64 70 +6 (9.4%)
Czech Republic 61 66 +5 (8.2%)
Switzerland 36 41 +5 (13.9%)
United Kingdom 196 200 +4 (2%)
Hong Kong 25 29 +4 (16%)
Romania 15 19 +4 (26.7%)
Colombia 19 22 +3 (15.8%)
Spain 55 57 +2 (3.6%)
Slovakia 33 35 +2 (6.1%)
Netherlands 23 25 +2 (8.7%)
Greece 15 17 +2 (13.3%)
Argentina 1 3 +2 (200%)
Australia 50 51 +1 (2%)
Croatia 5 6 +1 (20%)
Malaysia 5 6 +1 (20%)
Belgium 4 5 +1 (25%)
South Africa 4 5 +1 (25%)
Liechtenstein 3 4 +1 (33.3%)
Costa Rica 2 3 +1 (50%)
Estonia 1 2 +1 (100%)
Germany 0 1 +1

As always, United States were the Country with the most installations this month with 66 (3.1% increase). As in September Austria is in second place with 28 new machines (13% increase), and Canada stays right after with 7 new installations (1.2% increase).

We are glad to say that Germany got again bitcoin ATM. It is a buy and sell, Bitcoin only machine installed by Orderbob, and it is located in Munich. All previous installations in Germany ended with removal of ATM due to legal requirements applied by BaFin. However, this time situation might change as on 25th September 2018 Superior Court of Justice in Berlin issued a verdict that Bitcoin is not financial instrument, which is against to position BaFin took in the past.

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
Ether 1435 1743 308 (21.46%)
Litecoin 2102 2298 196 (9.32%)
Altcoins 2217 2406 189 (8.53%)
Bitcoin Cash 1105 1270 165 (14.93%)
Bitcoin 3796 3927 131 (3.45%)
Dash 648 674 26 (4.01%)
Dogecoin 50 63 13 (26.00%)
Monero 71 73 2 (2.82%)
Zcash 48 49 1 (2.08%)

This month the number of Altcoins accepted at Bitcoin ATM’s remained at 58%. Ether was the coin that was accepted the most with 308 additions (21.46% increase). Litecoin followed by with 196 additions (9.32% increase), while Bitcoin Cash ended up on the third place with 165 additions (14.93% increase). Bitcoin remained the only other coin that was added in more than 100 ATM’s with 131 additions (3.45% increase).

Summary

In October the prices were fairly stable and ended with a slight decrease.  Manufacturers General Bytes and Genesis Coin installed the most machines. The average Operators machine increase was between 5 and 6 per day. Germany installed new ATM, which might be a start for larger number of machines in the country with high demand. Ether was the most added coin.

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