Category Archives: Statistics

Bitcoin Depot ATM

Bitcoin ATM Market Dynamics February 2020

February started with a Bitcoin price of $8,915 which experienced a rise approaching the middle of the month where it hit the highest monthly value at $10,166. After, it started to decrease, until the end of the month when it hit the value of $9,417 which is a 5.6% increase when compared to the beginning of the month.

The number of new machines continued to grow at a relatively stable rate, as the price of Bitcoin.

Period Start: 6665, Period End: 7004
Opened: 470, Closed: 131, Net Growth: + 339 (5%)

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Bitcoin ATM Operators Growth and Survival Statistics

Public opinion about bitcoin ATM business varies, but mostly it is split into two radical sides: either “machines are not used by anyone and hence operators don’t make any money”, or “the fees charged are usually so huge, probably operators do a lot of money”. Obviously, both extremes do not correspond to reality, as if it was not profitable, there would be not that many businesses doing this long term, on the other hand, the fee size is dictated by market and there are plenty of various costs and risks associated with this business.

In this post we analyze historical data available on the website about operators growth and closure of activities. We analyze activity of total 870 operators on the website, since October 2013, when the first publicly accessible ATM was installed, and up to the end of January 2020.

Number of crypto ATMs by operator
Number of ATMs per each operator over time

The chart above summarizes information, that is used as a source for analysis — number of ATMs installed by each operator on the 1st day of each calendar month.

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Bitcoin ATM Market Dynamics January 2020

The Year 2020 had a good start when it comes to the price of Bitcoin. The price at the beginning was $7,168 and continued to rise at a pretty stable rate. January ended with a price of $9,502, which is a 32.5% increase when compared to the beginning of the month.

The number of new machines continued to grow at a relatively stable rate, as the price of Bitcoin.

Period Start: 6377, Period End: 6705
Opened: 432, Closed: 104, Net Growth: + 328 (5.1%)

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Bitcoin ATM Market Dynamics December 2019

The last month of 2019 saw the price of Bitcoin fluctuate a bit. December started with a price of $7,361 and maintained a steady flow until mid-month when it decreased to $6,602. After that, it increased again and at the end of the month, it was $7,232. As we can see, the price encountered a small decrease of 1.8% when compared to the price at the beginning of December.

The number of new machines continued to grow at a relatively stable rate, unlike the change in the price of Bitcoin.

Period Start: 6049, Period End: 6393
Opened: 447, Closed: 103, Net Growth: + 344(5.7%)

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Bitcoin ATM Market Dynamics November 2019

In November the price of Bitcoin decreased. The month started with a price of $9,147 and continued to fall approaching the end of the month when it experienced a brief rise. November ended with the price of $7,657 which is a 16.3% decrease compared to the beginning of the month.

The number of new machines continued to grow at a relatively stable rate, unlike the change in price of Bitcoin.

Period Start: 5814, Period End: 6061
Opened: 345, Closed: 98, Net Growth: + 247 (4.2%)

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Bitcoin ATM’s Profits and Cost Breakdown

In this video, you will hear Adam from BC Systems talking about what profits you can expect, as well as the cost options and operating your very own Bitcoin ATM Company.

He divided his presentation into four parts: Location, Cost, Marketing and Fees.

Location

Location is probably the most important part of the planning and operating your Bitcoin ATM Company. Of course, there are different variables when it comes to choosing a location like foot traffic, competition, and potential fees. In his experience shopping malls are the most successful locations for a couple of reasons.

First of all their working hours. They are usually open from 8 A.M. to 9 P.M. and they also tend to work on holidays, so the overall availability of the machines is going to be excellent.

Secondly, shopping malls present a safe place for people. When they go to a public place, where there is a lot of crowd, they feel like they are going somewhere reputable and feel much safer than going to let’s say a liquor store or a smoke shop where there aren’t usually a lot of other people around. This is especially true for guys who are making large transactions, they always want to feel safe and comfortable carrying their money.

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Bitcoin ATM Market Dynamics October 2019

The price of Bitcoin at the beginning of October was $8,361 and experienced small fluctuations until the end of the month when firstly it decreased to $7,453 which was followed by a noticeable increase that resulted in a $9,180 price at the end of the month. This is a 9.8% increase compared to the beginning of October.

The number of new machines continued to grow at a relatively stable rate, following the price of Bitcoin.

Period Start: 5714, Period End: 5876
Opened: 348, Closed: 186, Net Growth: + 162 (2.8%)

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Bitcoin ATM Market Dynamics September 2019

September started with the price tag of $9,622 and experienced a rise in first 2 days, after which the steady decline started that culminated nearing the end of the month. September ended with the price set at $8,068 which is a 16.2% decrease when compared to the beginning of the month.

The number of new machines continued to grow at a relatively stable rate, unlike the price of Bitcoin.

Period Start: 5490, Period End: 5705
Opened: 334, Closed: 119, Net Growth: +215 (3.9%)

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Bitcoin ATM Market Dynamics August 2019

In August the price of Bitcoin continued to fluctuate. The price at the beginning of the month was $10,089 and continued to rise for a short period until it hit the &11,817. After that, it started to fall again. The month ended with a price of $9,592 which is a 4.9% decrease in comparison to the beginning of the month.

The number of new machines continued to grow at a relatively stable rate, unlike the price of Bitcoin.

Period Start: 5336, Period End: 5469
Opened: 273, Closed: 140, Net Growth: +133(2.5%)

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Bitcoin ATM Market Dynamics July 2019

In July the price of Bitcoin experienced fluctuation. Starting price was $10,691 and continued to rise in the first third of the month, getting up to $12,669. After, it started to fall and continued until the end of the month. July ended with the price of $9,874 which is a 7.6% fall when compared to the beginning of the month.

The number of new machines continued to grow at a relatively stable rate, following the rise of the Bitcoin price.

Period Start: 5048, Period End: 5335
Opened: 360, Closed: 73, Net Growth: +287(5.7%)

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