Category Archives: New locations

Bitcoin Depot ATM

Bitcoin ATM Market Dynamics January 2018

Our last review covered September through November. Now we will take a look at the first month of the new year. The price of Bitcoin steadily soared to record highs through the first half of December. After peaking at $19,499, volatility has been the norm since then. The price of Bitcoin has seen sharp rises here and there, but overall for the month of January, it has progressively declined in value. In spite of the downward trajectory, the price of Bitcoin still remains high when compared to previous years.

BTC price January 2018 USD
Bitcoin Price January 2018, source: blockchain.info

The growth rate has remained steady for new machines.

Period Start: 2025, Period End: 2153
Opened: 149, Closed: 21, Net Growth: +128 (+6.3%)

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Bitcoin ATM Market Dynamics September — November 2017

Previous similar review was about August. Filling the gap of 3 months in this post we cover what are the main changes in bitcoin ATM statistics over last 3 months: September — November.
There was a drastic change of bitcoin price over this time, it grew from $4912 in beginning of September to $10884 at the beginning of December (more than 2x growth).

Bitcoin price Sep - Nov 2017
Bitcoin Price End of November 2017, source: blockchain.info

Demand for buying cryptocurrency supported the installations of new machines and new operators entering the market. Here are general figures for 3 months:

Period Start: 1514, Period End: 1890
Opened: 519, Closed: 143, Net Growth: +376 (+24.8% or 7.6% per month)

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Bitcoin ATM Market Dynamics July 2017

During July 2017 bitcoin price fluctuated a lot. In the beginning of the month it fell to less than $2000 per BTC, but then quickly gained back and month closed at roughly $2700 per BTC, which was higher than the price of end of June 2017.

BTC price July 2017

Bitcoin ATM new locations also increased drastically over July 2017:

Period Start: 1331, Period End: 1402
Open: 112, Closed: 41, Net Growth: +71 (+5.3%)

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1000 Bitcoin ATMs

While bitcoin price fluctuates around $1000, on 16th February total number of bitcoin ATMs installed in the world reached 1000 locations.

1000 bitcoin ATMs

This is perfectly in line with our rough prediction made more than two years ago based on comparison of traditional bank ATMs growth in its infancy with bitcoin ATMs growth.

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Bitcoin ATM installations peaked

With bitcoin price rise the speed of bitcoin ATM installations also accelerated as there is a spike in number of bitcoin ATMs appeared in the last two weeks. Bitcoin ATM operators probably had to pre-order machines quite a while ago, so it is more a thorough calculation based on expected transaction volumes and potential growth. But as bitcoin machines are installed in many places and by independent operators – this fact shows that running a bitcoin ATM is a profitable business.

Bitcoin ATM installations per day

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New bitcoin ATM locations as of 21.07.2015

Last week brought several new installations to our bitcoin ATM map.

Bitcoin ATMs in United States

There were three new bitcoin ATM added in United States.

Cottonwood Vending operator added its sixth location in New York area. Now satoshi1 one-way bitcoin machine was installed in Harlem, NY at Apollo Deli & Fruit. This ATM allows quickly buying bitcoins. Online prices for this ATM are available at given above link, machine charges on average 8-12% fee above market rate. The ATM has additional bulk note acceptor, which means it can easily handle huge packs of paper money and convert it into real money of future in seconds.

New York bitcoin ATM

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Buy or Sell bitcoins for cash, bitcoin ATM alternatives

Bitcoin ATMs appeared first in 2013 and since then increased their presence in many countries around the world. At the moment there are 341 bitcoin ATM installed according to our bitcoin machines map.

Bitcoin ATM is one of the fastest ways to get into bitcoins and sell bitcoins for cash in case it supports two-way operations. But in parallel there are many more physical locations, where you can buy bitcoins for cash or sometimes sell. Those services are usually based on the existing infrastructure be it ATMs network, stores chain or agent offices. Here is a list of such services, usually every of them is targeting some geographical local market. Continue reading

New bitcoin ATMs in United States, Canada and Italy

During this week there were 1.58 bitcoin ATM installed per day on average. Updated information can be found on the charts page.

New ATMs were installed in United States (+4), Canada (+3), Italy (+2), Finland (+1) and Netherlands (+1).

United States

World of Vapor in Indianapolis became home for Skyhook machine. Another Skyhook machine was installed in Milwaukee at 414 Glass & Grooves. The machine doesn’t support KYC procedures however the owner of the shop writes down the ID details of the customers.

Skyhook bitcoin machine

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