Three thousand Bitcoin ATM Installed In first quarter Of 2022

Wiwo

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Quote from: masterrex on April 18, 2022, 09:22:12 AM

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Bitcoin adoption hasbeen on a steady rise lately even though we have not seen much positive growth in the price of Bitcoin lately with Bitcoin having a six weeks downtrend in Bitcoin price, Bitcoin development has seen significant growth with new Bitcoin ATMs and POS which provide easy gateways. for Bitcoin transactions in other to aid p2p payments.
And also we saw how Bitcoin miner's activities have increased which is evident with the recent harsh rate all-time high which has happened consistently which indicate that miners' activities are growing despite the many regulations and attack with a ban on mining and the proposed movement from proof of work to proof of stake which many sees as a set back to the original content of Bitcoin. That being said Bitcoin has gained a wide range of publicity lately and that is what increases the number of Bitcoin services such as the ATMs being installed all around.

masterrex

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Wow that was amazing information about the Bitcoin development despite all of the attacks on Bitcoin and hostile regulation issues Bitcoin and the crypto industry manage to expand their services Imagine another three thousand Bitcoin ATMs were added for me that's living proof and testament for a continued Bitcoin and cryptocurrency development and I hope it will continue further.

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Quote from: Wiwo on April 04, 2022, 12:51:18 PM

As the rate of Bitcoin ATM increased it has become evident that holders of Bitcoin can spend their Bitcoin at any shops or outlet, this give Bitcoin the mainstream adoption and the rate of Bitcoin ATM increase to a very high and the previous year 2021 saw where bitcoin ATM we're installed in gas stations and now pos outlets now accept Bitcoin debit cards for various transactions/payment. About 20,000 Bitcoin ATM was installed in 2021 and that has not stopped as the have been an installation of over 3,000 Bitcoin ATM in the first quarter of the year 2022. This data was show on the news:
https://news.bitcoin.com/tracker-shows-close-to-3000-crypto-atms-were-installed-in-2022s-first-quarter/

This would be a great initiative from bitcoin supporters around the world, in my own location there are couple of Bitcoin ATM installed late last year and this year.

so with all these thousand of new ATM having in various strategic locations , I'm sure the demand and circulation will increase and will have the best result in this whole year alone.

Thank you for this trivia.

Quote from: molsewid on April 07, 2022, 11:05:32 AM

Quote from: virasog on April 07, 2022, 05:25:44 AM

Once we have more and more bitcoin ATMs installed in first-world countries, there are higher probabilities that the under developed countries will follow the same practice. However, only those county can install these public ATMs where the government have no problem with these installations. If bitcoin is not legal in any country, there is no way we can see those machines in those countries. Making bitcoin legal in countries is the first major sign of bitcoin adoption.

That's a good thing if ever the first-world countries initiate first to installed ATMs of bitcoin which I believe will provide a higher possibility to boost the bitcoin adoption all over the world. Here in my country, I haven't seen any bitcoin atm machine existing so far which of course I am looking forward to seeing it here in our country available. But now, since it is not yet accepted as a legal tender hoping that bitcoin atm will be possibly be installed in our country is so far impossible.

it is always best for improvement , because we are in the world now in which online payment will be on the table and we need more ATM's for best result on this .

suryana

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3000 bitcoin ATMs installed since 2022 is not such a small number of course this is very much awaited by bitcoin miners and hopes that the following years will increase the number of bitcoin ATMs, which indirectly makes bitcoin more popular and so many favored by miners and the public.we really hope that bitcoin ATMs can be added again in the following years

uelque

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This is good news. Knowing thousands of bitcoin atm machines has been installed only in the first quarter of 2022 means there are more to come on the next quarters. And I'm proud that my country also have this in the city despite of being classified a third world country. And I'm sure that sooner or later we can finally see a world where large percentage of people are into bitcoin or other cryptocurrencies. Probably the right time to add more bitcoin.

SpenserReed

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Quote from: Wiwo on April 04, 2022, 12:51:18 PM

As the rate of Bitcoin ATM increased it has become evident that holders of Bitcoin can spend their Bitcoin at any shops or outlet, this give Bitcoin the mainstream adoption and the rate of Bitcoin ATM increase to a very high and the previous year 2021 saw where bitcoin ATM we're installed in gas stations and now pos outlets now accept Bitcoin debit cards for various transactions/payment. About 20,000 Bitcoin ATM was installed in 2021 and that has not stopped as the have been an installation of over 3,000 Bitcoin ATM in the first quarter of the year 2022. This data was show on the news:
https://news.bitcoin.com/tracker-shows-close-to-3000-crypto-atms-were-installed-in-2022s-first-quarter/

Bitcoin integration does not depend on the number of ATMs. The most important thing is the BTC integration of bank payment for companies and individuals, not cash.

Cling18

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Quote from: molsewid on April 07, 2022, 11:05:32 AM

Quote from: virasog on April 07, 2022, 05:25:44 AM

Once we have more and more bitcoin ATMs installed in first-world countries, there are higher probabilities that the under developed countries will follow the same practice. However, only those county can install these public ATMs where the government have no problem with these installations. If bitcoin is not legal in any country, there is no way we can see those machines in those countries. Making bitcoin legal in countries is the first major sign of bitcoin adoption.

That's a good thing if ever the first-world countries initiate first to installed ATMs of bitcoin which I believe will provide a higher possibility to boost the bitcoin adoption all over the world. Here in my country, I haven't seen any bitcoin atm machine existing so far which of course I am looking forward to seeing it here in our country available. But now, since it is not yet accepted as a legal tender hoping that bitcoin atm will be possibly be installed in our country is so far impossible.

Lucky are those countries that have Bitcoin ATMs installed and ready to use by most crypto users for they will be able to use their Bitcoins without any hassle. It will surely be another reason for more people to adapt and use Bitcoin as a currency. I hope that more countries would also experience using Bitcoin ATMs in the future because it would really cause convenience for all of us.

molsewid

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Quote from: virasog on April 07, 2022, 05:25:44 AM

Once we have more and more bitcoin ATMs installed in first-world countries, there are higher probabilities that the under developed countries will follow the same practice. However, only those county can install these public ATMs where the government have no problem with these installations. If bitcoin is not legal in any country, there is no way we can see those machines in those countries. Making bitcoin legal in countries is the first major sign of bitcoin adoption.

That's a good thing if ever the first-world countries initiate first to installed ATMs of bitcoin which I believe will provide a higher possibility to boost the bitcoin adoption all over the world. Here in my country, I haven't seen any bitcoin atm machine existing so far which of course I am looking forward to seeing it here in our country available. But now, since it is not yet accepted as a legal tender hoping that bitcoin atm will be possibly be installed in our country is so far impossible.

virasog

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Quote from: romero121 on April 04, 2022, 12:58:44 PM

Bitcoin adoption around the globe is increasing with time. The installation of 3000 more bitcoin ATMs are a proof for the same. Though there is regular installation of bitcoin ATM, it isn't possible to see the same diversified around the globe. Only in specific locations the bitcoin ATMs were getting installed. Maybe this need to get diversified beyond the first world countries where 90% of the bitcoin ATMs were installed.

Once we have more and more bitcoin ATMs installed in first world countries, there are higher probabilities that the under developed countries will follow the same practice. However, only those county can install these public ATMs where the government have no problem with these installations. If bitcoin is not legal in any country, there is no way we can see those machines in those countries. Making bitcoin legal in countries is the first major sign of bitcoin adoption.

TheGreatPython

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Quote from: peter0425 on April 06, 2022, 05:57:27 AM

While there are many ATM's being installed worldwide , my question is do the ATM machines for Bitcoin really receiving support from users?

if yes then this is indeed great news but what if people has more option in trading their bitcoin into fiat and vise versa?

like in my region , there are so many places where i can buy and sell bitcoin or couple of altcoins without the need to go in ATM machines in which mostly installed in strategic places?

but yes this is one proof that the increase of Bitcoin user worldwide is really spreading .

Depending on the region you are in. Sometimes you do not "need" a business, but it is better to have alternatives and in some regions it is like that. We do have a grocery store around my house for example, but there are 3 more in a 2 mile radius too, should we close them all down?

It is basically a competition type of deal and I believe that it is working quite well. ATM for bitcoin is just an idea and provides an alternative to people who would like to use them, people who do not trust exchanges and that is how they get their coins. It is not super simple to use, but it is not difficult at all neither. Hence why it has been established in so many new places.

darkv0rt3x

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Quote from: DdmrDdmr on April 06, 2022, 05:11:09 AM

My guess is that, within Europe, separate charts for specific countries were created to enable a visual drill-down on some of the major countries where ATMs were making a significant rise, and reached a respectable volume (the view wasn’t always like that).

Negative increases are decreases (there are less ATMs now in some countries than at the beginning of the year).

Currently, KYC will vary from country to country as per their regulations, and it could range from being necessary for any TX, to being necessary for TXs above a certain threshold. The KYC itself, when required, can sometimes be a scan of your Id, but in other instances providing a cell phone will suffice (you’d normally need to have it handy to complete the TX though, since they'd normally send you and SMS with a code that you need to complete the TX).

Oh, forget it. I missed that the 1st column is actually the most recent date. And 2nd column is the oldest date. I missed that detail when I first look at the table/chart and for instance for UK I was seeing 23 ATMs at the beginning of the year and 99 as of now. So, this would be an increase. However, the 3rd column is showing -76 which was weird to me. But I just noticed that the 1st column is is actually the most recent date! Forget it! :p

Quote from: bakasabo on April 06, 2022, 05:18:37 AM

Quote from: darkv0rt3x on April 06, 2022, 03:59:26 AM

Why are some European countries separated from Europe even if they are part of Europe? Like Spain and Switzerland? Any special reason? Also, why is an increase in the number of ATMs represented as a negative number? Anyway, 2k machines in the USA is an amazing increase. I would like to see more in my own country, despite the fact that the fees are probably too high.

Does these machines have any kyc??

I think there we see separate countries just to stress where most of European ATM situated. If they post 1000 ATM in Europe, people might think that they would find an ATM in every European country, but in reality it might turn that 500 ATMs are in Spain, 499 in Austria and 1 in "rest Europe". For example it is said that Europe has 1378 ATM units, while there is 0 in my country and coinatmradar.com shows we have dozens of them (answer - little shops that accept Bitcoin (I havent checked that info) mark themselves (or coinatmradar does) as an ATM).

Yeah, maybe, probably. Anyway, an increase is always good. However, there is many people still concerned with KYC and high fees.

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Quote from: DdmrDdmr on April 04, 2022, 01:48:25 PM

To try to see where the increase of bitcoin ATMs takes place during Q1, we can take a look at the growth chart and subsequent territorial charts. The readings are slightly shifted from those in the article (slight date shift), but boil down to:

Code:

Area 01/04/2022 01/01/2022 Diff Q1
WorldWide 36.656 34.293 2.363

Europe 1.378 1.398 -20
USA 32.223 30.068 2.155
Canada 2.346 2.159 187
UK 23 99 -76
Austria 137 140 -3
Spain 196 171 25
Switzerland 142 137 5

Q1 is really closer to 2K (2.363) than 3K (which is what the article states), but leaving that aside, growth during Q1 is essentially concentrated in the US and at a far distance by Canada.

I am not surprised to see that the number of ATMs in Europe and the UK has decreased. What happened in the UK has already been commented on the forum:

Bitcoin ATMs forced to shutdown in the UK

In Europe I guess it is more or less the same: implementation of stricter KYC/AML policies.

The only attraction that this type of ATMs can have is to buy/sell without KYC, as they have very high fees, and to pay those fees and on top of that with KYC, better to buy or sell where the fees are considerably lower.

There may be other specific cases of people who like to try ATM with small amounts, but non-KYC seems to me to be the main reason to use them.

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Quote from: romero121 on April 04, 2022, 12:58:44 PM

Bitcoin adoption around the globe is increasing with time. The installation of 3000 more bitcoin ATMs are a proof for the same. Though there is regular installation of bitcoin ATM, it isn't possible to see the same diversified around the globe. Only in specific locations the bitcoin ATMs were getting installed. Maybe this need to get diversified beyond the first world countries where 90% of the bitcoin ATMs were installed.

I do agree with you. I would love to see it diversified to other nations aside first world countries. I am thrilled to find out that there are a total of 14 Bitcoin ATMs in South Africa according to Coin ATM Radar. The highest in Africa. Other countries where Bitcoin machines are located are: Nigeria (1), Kenya (1), Djibouti (1), Ghana (2), Botswana (1), Zimbabwe (1), Uganda (1). However, it's hard to tell if the machine actually work in some of these locations.

https://www.talk-business.co.uk/2020/12/23/bitcoin-atms-how-they-work-and-where-to-find-them-in-africa/#:~:text=Ghana%20bitcoin%20ATMs,is%20a%20local%20IT%20firm.

https://en.wikipedia.org/wiki/Bitcoin_ATM#:~:text=There%20are%20a%20total%20of,%2C%20Durban%2C%20Johannesburg%20and%20Pretoria.

tabas

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Quote from: xSkylarx on April 05, 2022, 09:08:29 AM

Quote from: tabas on April 05, 2022, 08:43:20 AM

Is someone from the forum who's into this business? I've got someone, a stranger, who got to message me how to setup this type of business but eventually he's gone and I think that person has an ill intention to scam me. But as for the information that he has talked to me about this bitcoin atm business, it makes sense to me and that's why I think there's a viable reason why they keep coming and being installed gradually and I think it's a good business these days if there's no one yet into an area or city.

I've seen some guides from @DdmrDdmr source that really require a lot of effort to setup, but this is good business. I will leave the link below. But first, you must determine whether bitcoin is legal or illegal in your country, because you cannot operate it if it is illegal.From what I researched, you need to first buy the bitcoin machine (you need to research any local dealers of this machine). For the US, there is Chainbytes, and then you need to register the machine for compliance. For the US, you need to register it in BTMCompliance. After registering, you need to setup the wallet and also decide where you would like to put your machine. There are a lot of tutorials online, but you really need to state where you are planning to put this so that you can find a reliable source for getting the machine and registering it.

Sources : https://coinatmradar.com/how-to-start-bitcoin-atm-business/
https://www.chainbytes.com/how-to-start-bitcoin-atm-business-operation/

Yes, I also think that it's actually a good business at all. With still a lot of missing in each area, there could be a great market in those crowded places if someone is going to put them there.
Well, for those countries where it isn't illegal, it's easy to make up for it but the setup and other things of putting it up are the problems. I think it makes sense that person has messaged me but also probably attempted to scam me but he has given some interesting insights about this business.
Thank you for the links, mate!

Wiwo

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Quote from: peter0425 on April 06, 2022, 05:57:27 AM

Quote from: Wiwo on April 04, 2022, 12:51:18 PM

As the rate of Bitcoin ATM increased it has become evident that holders of Bitcoin can spend their Bitcoin at any shops or outlet, this give Bitcoin the mainstream adoption and the rate of Bitcoin ATM increase to a very high and the previous year 2021 saw where bitcoin ATM we're installed in gas stations and now pos outlets now accept Bitcoin debit cards for various transactions/payment. About 20,000 Bitcoin ATM was installed in 2021 and that has not stopped as the have been an installation of over 3,000 Bitcoin ATM in the first quarter of the year 2022. This data was show on the news:
https://news.bitcoin.com/tracker-shows-close-to-3000-crypto-atms-were-installed-in-2022s-first-quarter/

While there are many ATM's being installed worldwide , my question is do the ATM machines for Bitcoin really receiving support from users?

if yes then this is indeed great news but what if people has more option in trading their bitcoin into fiat and vise versa?

like in my region , there are so many places where i can buy and sell bitcoin or couple of altcoins without the need to go in ATM machines in which mostly installed in strategic places?

but yes this is one proof that the increase of Bitcoin user worldwide is really spreading .

Even without checking the statistic, you will notice that it is due to the increase in bitcoin adoption by users that call for the increase in the number of Bitcoin ATMs if the number of bitcoin ATMs is on the decline it is then we will say the Bitcoin ATM initiative is not seeing support from the people but this one that the number keeps increasing it shows the level of demands.

peter0425

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Quote from: Wiwo on April 04, 2022, 12:51:18 PM

As the rate of Bitcoin ATM increased it has become evident that holders of Bitcoin can spend their Bitcoin at any shops or outlet, this give Bitcoin the mainstream adoption and the rate of Bitcoin ATM increase to a very high and the previous year 2021 saw where bitcoin ATM we're installed in gas stations and now pos outlets now accept Bitcoin debit cards for various transactions/payment. About 20,000 Bitcoin ATM was installed in 2021 and that has not stopped as the have been an installation of over 3,000 Bitcoin ATM in the first quarter of the year 2022. This data was show on the news:
https://news.bitcoin.com/tracker-shows-close-to-3000-crypto-atms-were-installed-in-2022s-first-quarter/

While there are many ATM's being installed worldwide , my question is do the ATM machines for Bitcoin really receiving support from users?

if yes then this is indeed great news but what if people has more option in trading their bitcoin into fiat and vise versa?

like in my region , there are so many places where i can buy and sell bitcoin or couple of altcoins without the need to go in ATM machines in which mostly installed in strategic places?

but yes this is one proof that the increase of Bitcoin user worldwide is really spreading .

qwertyup23

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Quote from: Wiwo on April 04, 2022, 12:51:18 PM

About 20,000 Bitcoin ATM was installed in 2021 and that has not stopped as the have been an installation of over 3,000 Bitcoin ATM in the first quarter of the year 2022. This data was show on the news:
https://news.bitcoin.com/tracker-shows-close-to-3000-crypto-atms-were-installed-in-2022s-first-quarter/

Just a quick question for everyone, has anyone tried using any Bitcoin ATMs installed in your respective countries? Are the transaction fees high; and is the process also relatively fast? So how would this operate- the Bitcoin ATM would issue currency after such exchange?

Fortunately in the Philippines, our local exchanges offer instant conversion from Bitcoin to our currency (Peso) in which you can directly pay your bills or purchase any products/services. The only downside is, the conversion rates in our exchanges are abysmal to the point that the price gap compared when you purchase vs sell is just high.

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Quote from: darkv0rt3x on April 06, 2022, 03:59:26 AM

Why are some European countries separated from Europe even if they are part of Europe? Like Spain and Switzerland? Any special reason? Also, why is an increase in the number of ATMs represented as a negative number? Anyway, 2k machines in the USA is an amazing increase. I would like to see more in my own country, despite the fact that the fees are probably too high.

Does these machines have any kyc??

I think there we see separate countries just to stress where most of European ATM situated. If they post 1000 ATM in Europe, people might think that they would find an ATM in every European country, but in reality it might turn that 500 ATMs are in Spain, 499 in Austria and 1 in "rest Europe". For example it is said that Europe has 1378 ATM units, while there is 0 in my country and coinatmradar.com shows we have dozens of them (answer - little shops that accept Bitcoin (I havent checked that info) mark themselves (or coinatmradar does) as an ATM).

DdmrDdmr

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My guess is that, within Europe, separate charts for specific countries were created to enable a visual drill-down on some of the major countries where ATMs were making a significant rise, and reached a respectable volume (the view wasn’t always like that).

Negative increases are decreases (there are less ATMs now in some countries than at the beginning of the year).

Currently, KYC will vary from country to country as per their regulations, and it could range from being necessary for any TX, to being necessary for TXs above a certain threshold. The KYC itself, when required, can sometimes be a scan of your Id, but in other instances providing a cell phone will suffice (you’d normally need to have it handy to complete the TX though, since they'd normally send you and SMS with a code that you need to complete the TX).

darkv0rt3x

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Quote from: DdmrDdmr on April 04, 2022, 01:48:25 PM

To try to see where the increase of bitcoin ATMs takes place during Q1, we can take a look at the growth chart and subsequent territorial charts. The readings are slightly shifted from those in the article (slight date shift), but boil down to:

Code:

Area 01/04/2022 01/01/2022 Diff Q1
WorldWide 36.656 34.293 2.363

Europe 1.378 1.398 -20
USA 32.223 30.068 2.155
Canada 2.346 2.159 187
UK 23 99 -76
Austria 137 140 -3
Spain 196 171 25
Switzerland 142 137 5

Q1 is really closer to 2K (2.363) than 3K (which is what the article states), but leaving that aside, growth during Q1 is essentially concentrated in the US and at a far distance by Canada.

Why are some European countries separated from Europe even if they are part of Europe? Like Spain and Switzerland? Any special reason? Also, why is an increase in the number of ATMs represented as a negative number? Anyway, 2k machines in the USA is an amazing increase. I would like to see more in my own country, despite the fact that the fees are probably too high.

Does these machines have any kyc??

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