Known as the original cryptocurrency, Bitcoin (BTC) is still the world’s largest cryptocurrency. BTC has gained significant traction in recent years as A payment and investment solution. One of the best possible ways Bitcoin can be easily accessed and traded is through Bitcoin ATMs. There are many countries where we can find Bitcoin ATMs easily. Here we shall discuss the countries with the highest numbers of Bitcoin ATMs.
These Bitcoin ATMs allow users to buy or sell Bitcoin in exchange for cash, debit, or credit cards. BTC ATMs are also known as BTM. Bitcoin ATMs are located in countries around the world, with some countries having a higher concentration of these machines than others. As we found from various media reports, American and European countries have the highest numbers of Bitcoin ATMs. Here are the top countries with the highest number of Bitcoin ATMs.
1. United States – 17,436
USA citizens have the highest numbers of Bitcoin holdings. The US has the largest number of Bitcoin ATMs in the world, with over 17,000 machines as of September 2021. Bitcoin ATMs can be found in major cities like New York, Los Angeles, and Chicago, as well as in smaller towns and rural areas. The US has been at the forefront of Bitcoin adoption, with a growing number of merchants accepting Bitcoin as a form of payment. Some of the largest exchanges in the world like Coinbase and Kraken belong to the USA. The United States is also the home of top Bitcoin Miners.
2. Canada – 1,515
The neighboring country of the USA Canada has also a large number of Bitcoin holders. Canada is the second country on this list with a high concentration of Bitcoin ATMs. The country has over 1,500 Bitcoin ATMs located in various cities and towns. The first Bitcoin ATM in the world was installed in Vancouver, Canada in 2013. Since then, Bitcoin adoption in Canada has grown, with several merchants accepting Bitcoin as payment. Bitcoin ATM manufacturer BitAccess base is also in Canada. The country also hosts some of the top Bitcoin miners.
3. United Kingdom – 274
Like USA and Canada, Bitcoin is very popular in the United Kingdom. The UK has over 270 Bitcoin ATMs located across the country. Bitcoin ATMs can be found in major cities like London, Manchester, Glasgow, and Birmingham. The country has been supportive of Bitcoin and other cryptocurrencies, with the Financial Conduct Authority (FCA) providing regulatory oversight for crypto businesses.
4. Austria – 165
Bitcoin is widely acceptable in Austria, you can use BTC as a payment method in many places. In Europe, Austria is another country that has seen significant growth in Bitcoin ATMs. Actually, Austria has the largest number of Bitcoin ATMs in mainland Europe. The country has over 160 machines located in various cities and towns. Austria has been a leader in Bitcoin adoption.
5. Spain – 134
After Austria, Spain is the second country that is full of Bitcoin ATMs in Europe. Spain has over 130 Bitcoin ATMs located in various cities and towns. There are many merchants in Spain that accept payment via Bitcoin and other cryptocurrencies. The country has been a hub for Bitcoin and blockchain innovation, with several startups and businesses focusing on Blockchain technology.
6. Switzerland – 111
Switzerland is known as a crypto-friendly country. The country has its own crypto valley which is full of blockchain and cryptocurrency-related startups and entrepreneurs. Switzerland has over 110 Bitcoin ATMs located across the country and tourist spots. The Swiss government and authorities have been supportive of blockchain and cryptocurrency innovation, with several crypto companies and startups based in the country.
7. Czech Republic – 97
The Czech Republic has over 90 Bitcoin ATMs located in various cities and famous towns. The country has a growing Bitcoin and blockchain community, with several startups and businesses focused on technology. This European country is famous for its tourist spots and chocolates, now you can pay in Bitcoin to many merchants when you’re traveling in the Czech Republic.
8. Italy – 91
Italy is known as the country which led stone to modern banking and transactions. The country also promotes Bitcoin ATMs and blockchain technology. Italy has over 90 Bitcoin ATMs located across the country and famous tourist towns. The country has been supportive of Bitcoin and blockchain technology, with several businesses and startups focused on the technology.
9. Germany – 83
You can also find Bitcoin ATMs in the economic hub of Europe. Germany has over 80 Bitcoin ATMs located across the country and most in major cities. The country has a growing Bitcoin and blockchain community, with several businesses and startups focused on blockchain technology. According to a report, Germany is also the top country for Bitcoin Miners.
10. Poland – 80
Poland also comes in the list of countries that have the highest numbers of Bitcoin ATMs. The country hosts many Bitcoin ATMs and blockchain-based startups. Poland has over 80 Bitcoin ATMs located across the country and famous towns. The country has been supportive of blockchain and cryptocurrency innovation, with several startups and businesses based in the country.
11. Russia – 63
The country is also known as the top country for Bitcoin mining because electricity is cheaper in Russia compared to other countries. Russia has over 65 Bitcoin ATMs located across the country and famous cities. There are many merchants in Russia that accept Payment in Bitcoins. Russia has also a wide range of Blockchain and Cryptocurrency startups. Some popular blockchain entrepreneurs belong to Russia.
12. United Arab Emirates (Dubai) – 4
Dubai is known as the cryptocurrency hub of the world. Some people also call Dubai the capital of Crypto. However, Dubai is the only city in United Arab Emirates (UAE) that host Bitcoin ATMs. As we found through the CoinMRadar report, UAE has a total of 4 Bitcoin ATMs that are located in the financial centers of Dubai. As UAE is becoming a hot sensation in the blockchain community, the country has the potential to host a large number of Bitcoin ATMs in the upcoming years.
Final Words
Bitcoin (BTC) is the future, and it has the potential to become the easiest method of transaction. Bitcoin ATMs are becoming increasingly popular around the world. With more countries and businesses accepting Bitcoin as a form of payment. There are some cryptocurrency companies like General Byte and BitAccess that are running these Bitcoin ATMs.
The adoption of Bitcoin and other cryptocurrencies is likely to continue to grow in the coming years, as more people become familiar with blockchain technology and its benefits. There are many countries that may host Bitcoin ATMs in the upcoming years. The development and manufacturing of Bitcoin ATMs and payment solutions will increase as merchants need a method to receive payments.
Source – Telegaon
