Bitcoin Depot ATM

Bitcoin ATM Market Dynamics September 2018

At the beginning of September, the price of Bitcoin was $7,101 and rose slowly for the next 3 days. After that, the price fell significantly and hit $6,433 on the 6th. For the rest of the month, the price never crossed the $7,000 mark. September ended with the price of $6,593, which is a 7% decrease in comparison to the beginning of the month.

Bitcoin Price September 2018, source: blockchain.info

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

Period Start: 3635, Period End: 3801
Opened: 228, Closed: 62, Net Growth: +166 (+4,6%)

Change by Manufacturers

General Bytes 1027 1096 +69 (6.7%)
Genesis Coin 1208 1239 +31 (2.6%)
Orderbob ATM 59 80 +21 (35.6%)
Lamassu 414 427 +13 (3.1%)
Bytefederal 23 32 +9 (39.1%)
RusBit 43 47 +4 (9.3%)
Trovemat 7 11 +4 (57.1%)
Coinme 67 70 +3 (4.5%)
Coinsource 195 197 +2 (1%)
Shitcoins Club 20 22 +2 (10%)
BitTeller 17 19 +2 (11.8%)
BitXatm 72 73 +1 (1.4%)
wBTCb 30 31 +1 (3.3%)
BTC facil 25 26 +1 (4%)
CoinOutlet 15 16 +1 (6.7%)
Bcash Greece Inc 9 10 +1 (11.1%)
BBFPro 4 5 +1 (25%)
Criptec 2 3 +1 (50%)
CoinLogiq 0 1 +1
BitAccess 212 210 -2 (-0.9%)

The situation at the top of the list remains unchanged where General Bytes remains on the first spot with 69 new machines (6.7% increase), followed by Genesis Coin with 31 installations (2.6% increase). Orderbob ATM, with 21 new machines (35.6% increase) took the third place from Coinsource who had only 2 installations this month (1% increase).

We are happy to see that in September a Colombian Manufacturer CoinLogiq had their first installation in Medellin. Their first ATM is Buy/Sell that supports Bitcoin, Ether, Litecoin, and Dash. On the other hand, BitAccess had a decrease of 2 machines (-0.9% decrease) this month.

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 37 58 +21 (56.8%)
Localcoin 109 126 +17 (15.6%)
Bitcoin of America 41 56 +15 (36.6%)
ByteFederal LLC 50 59 +9 (18%)
RockItCoin 120 126 +6 (5%)
iQCashNow 79 85 +6 (7.6%)
BTM Service GMBH 10 16 +6 (60%)
DBS Coins 10 16 +6 (60%)
Bitcoin Station 0 6 +6
Crypto Dispensers Bitcoin ATMs 5 10 +5 (100%)
Instacoin 95 99 +4 (4.2%)
RusBit 43 47 +4 (9.3%)
JetCrypto 5 9 +4 (80%)

BTC Management Gmbh is at the top of the Operators list this month, with 21 new machines (56.8% increase). Following by Localcoin with 17 new machines (15.6% increase) and Bitcoin of America with 15 new machines (36.6% increase). These are also the only Operators that increased their numbers by more than 10.

Change by Countries

Name Start End Diff
United States 2071 2121 +50 (2.4%)
Austria 197 229 +32 (16.2%)
Canada 563 591 +28 (5%)
United Kingdom 180 197 +17 (9.4%)
Russian Federation 54 63 +9 (16.7%)
Hong Kong 24 27 +3 (12.5%)
Romania 11 14 +3 (27.3%)
Greece 10 13 +3 (30%)
Hungary 9 12 +3 (33.3%)
Switzerland 34 36 +2 (5.9%)
Italy 28 30 +2 (7.1%)
Colombia 17 19 +2 (11.8%)
Czech Republic 61 62 +1 (1.6%)
Spain 54 55 +1 (1.9%)
Australia 48 49 +1 (2.1%)
Slovakia 32 33 +1 (3.1%)
Poland 25 26 +1 (4%)
Israel 7 8 +1 (14.3%)
Ukraine 5 6 +1 (20%)
Malaysia 4 5 +1 (25%)
Liechtenstein 2 3 +1 (50%)
Ecuador 2 3 +1 (50%)
Argentina 0 1 +1
Belarus 0 1 +1

Following the trend from previous months United States are at the top of this list with 50 installations (2.4% increase). Like in August, Austria with 32 new machines (16.2% increase) is on second place, followed by Canada on the third spot with 28 installations (5% increase).

Another good news is that in September Argentina and Belarus had the first ATM’s installed in Buenos Aires and Salihorsk.

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 3658 3796 138 (3.77%)
Ether 1298 1435 137 (10.55%)
Altcoins 2086 2217 131 (6.28%)
Litecoin 1978 2102 124 (6.27%)
Bitcoin Cash 998 1105 107 (10.72%)
Dash 602 648 46 (7.64%)
Dogecoin 39 50 11 (28.21%)
Monero 64 71 7 (10.94%)
Zcash 43 48 5 (11.63%)

In September, the number of altcoins accepted at ATMs continued to increase and the percentage reached 58%. The two coins that were added at most machines in September were Bitcoin with 138 new additions (3.77% increase) and Ether with 137 new additions (10.55%). Closely following are Litecoin with 124 additions (6.27% increase) and Bitcoin Cash with 107 additions (10.72% increase). These were the only coins that were accepted at more than 100 ATMs this month.

Summary

In September the Bitcoin price fluctuated and ended with a slight decrease. Manufacturers General Bytes and Genesis Coin installed the most machines. The average Operators machine increase was around 6 per day. Argentina and Belarus installed their first machines. Bitcoin was the most added coin.

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