Bitcoin ATMs Top 6,000 Worldwide

There are now more than 6,000 bitcoin and crypto ATMs available to users worldwide.

According to data compiled by CoinATMRadar, there have been 6,003 crypto-based ATMs installed worldwide as of Nov. 17.

.@PayPal dropped payments support for @Pornhub. There are at least 6000 reasons to not care. #Bitcoin ATM installations number reached another round milestone - 6000 worldwide!! πŸ”₯πŸ”₯πŸ”₯ Find all locations: https://t.co/PYxwqx33TN pic.twitter.com/KYp3M1nLzm

β€” Coin ATM Radar β‚ΏπŸ§ (@CoinATMRadar) November 16, 2019

The United States continues to lead the rest of the world in bitcoin ATMs, with more than 3,900 machines installed. Canada has the second most 653, followed by the United Kingdom with 272 crypto ATM installations.

As previously reported, bitcoin ATMs have experienced a resurgence in growth throughout 2019, alongside the rising price of crypto-assets. In September, the total number of crypto ATMs worldwide topped 5,500, marking a 500 percent increase in installations since 2016.

The number of #Bitcoin ATMs from September 2016 to September 2019 has increased by over 500%

As of now, there are currently 5,457 Bitcoin ATMs globally.

Supply meeting a demand. pic.twitter.com/eIrHwvs2z6

β€” bitrawr (@bitrawr) September 19, 2019

Compared to traditional exchanges, ATMs charge higher fees on transactions that can reach as much as 15%. However, they also provide a convenient, physical kiosk for the transfer of bitcoin to fiat, and vice-versa, in addition to buying and selling crypto-assets.

Many members of the crypto community have looked at the rise in ATMs as a positive indicator of growing demand.

Featured Image Credit: Photo via Pixabay.com

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Tags: Automated teller machine, Bitcoin, World, installation, Coin ATM Radar, United States of America