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We really started to hear a lot about bitcoin ATMs late last year, when Las Vegas-based Robocoin launched the first two-way ATM in a downtown Vancouver coffee shop (that device went on to process over $1 million CAD in transactions in one month).
Since then, to say that this industry has flourished is an understatement.
According to the Bitcoin ATM Map — a service that keeps track of bitcoin/cryptocurrency ATMs — there are now over 200 ATMs that cater to crypto enthusiasts in operation globally.
These ATMs are distributed across six continents from over 15 manufacturers.
Five manufacturers lead the race in distribution of their devices, which includes 14 Genesis1 units, 23 Skyhooks (these are the low-cost ATM solutions that debuted recently, selling for $999 per unit), 27 BitAccess units, 35 Robocoins, and a whopping 75 Lamassu devices.
North America comes in with the largest amount of bitcoin ATMs in operation. Meanwhile in Africa, one known unit from Lamassu is available in Johannesburg, South Africa.
And while the global network of bitcoin ATMs is already impressive, it only keeps growing. If that isn’t a sign that bitcoin is here to stay, we don’t know what is.
Finding an ATM near you
Using the aforementioned Bitcoin ATM Map at coinatmradar.com, you can search for your location and simply navigate around the map to find the ATM nearest to you (if you’re lucky enough to have one in range, of course).
One of the neat features about this website is that detailed information on each of the ATMs are available, such as address, operating hours, direction (fiat to cryptocurrency and vice-versa), and even fees if applicable.
Overall, a highly-recommended resource.
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