The statistics suppose to be higher than portrayed statistics because bitcoin has turn to universal currency which no country today that's not aware of cryptocurrency, so beside bitcoin ATM supposed to be viral because it currency is decentralized and has already dominate half of the world, so Bitcoin is financial freedom.
Well to some extent I agree with you the number of Bitcoin ATM should be more than what we currently having since Bitcoin have gain mainstream adoption but then we should not forget the many set back that a decentralized currency will face in a centralized cycle were the government feels since they can't control Bitcoin their will have to undermined it growth this is why we are not seeing rapid increase in the number of BTC ATMs but I know with time the narrative is going to change. 
Topic: Three thousand Bitcoin ATM Installed In first quarter Of 2022 - page 2. (Read 414 times)
Indeed, the bitcoin adoption all over the world is increasing and the speed of this process is increasing as well, a few years ago there were a few installed bitcoin ATMs and just in a few countries while none could even imagine the installation of more than 3000 ATMs just in the first quarter of the year 2022 which is really huge amount of atm for bitcoin, however in order to use these machines passing KYC is always necessary and this can be a negative point of the story of bitcoin ATMs
Meanwhile, the UK is currently shutting down all Bitcoin ATMs and banning them.This is because there is no official permit to operate Bitcoin ATMs and bitcoin ATMs can be a loophole which regulators fear will be exploited by money launderers and illegal businesses to use janitors and make small transactions to avoid being noticed by the authorities.
https://www.bbc.com/news/technology-60709209
Therefore, KYC is indeed needed so that bitcoin ATMs are not used as a place for transactions for crime. There will be positive and negative points. Bitcoin ATMs still need development in order to comply with existing regulations and not become a place for criminal transactions.
fortune.com/2022/01/19/singapore-cryptocurrency-regulation-bitcoin-atm/
even though Singapore is one of the cryptocurrency-friendly countries
Indeed, the bitcoin adoption all over the world is increasing and the speed of this process is increasing as well, a few years ago there were a few installed bitcoin ATMs and just in a few countries while none could even imagine the installation of more than 3000 ATMs just in the first quarter of the year 2022 which is really huge amount of atm for bitcoin, however in order to use these machines passing KYC is always necessary and this can be a negative point of the story of bitcoin ATMs
Meanwhile, the UK is currently shutting down all Bitcoin ATMs and banning them.This is because there is no official permit to operate Bitcoin ATMs and bitcoin ATMs can be a loophole which regulators fear will be exploited by money launderers and illegal businesses to use janitors and make small transactions to avoid being noticed by the authorities.
https://www.bbc.com/news/technology-60709209
Therefore, KYC is indeed needed so that bitcoin ATMs are not used as a place for transactions for crime. There will be positive and negative points. Bitcoin ATMs still need development in order to comply with existing regulations and not become a place for criminal transactions.
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.
Indeed, the bitcoin adoption all over the world is increasing and the speed of this process is increasing as well, a few years ago there were a few installed bitcoin ATMs and just in a few countries while none could even imagine the installation of more than 3000 ATMs just in the first quarter of the year 2022 which is really huge amount of atm for bitcoin, however in order to use these machines passing KYC is always necessary and this can be a negative point of the story of bitcoin ATMs
I haven't had a chance to use Bitcoin ATM yet but if the usage involves KYC, I think I won't use them in the future. The fact that more and more Bitcoin ATM are installed is a good thing and hopefully Bitcoin will be widely used around the world. But with the KYC requirement it is a minus point, it is no different from our using a centralized exchange.
Take those numbers with a large amount of skepticism. There are many listed that no longer exist.
Some are in stores that have not been open for months.
Other machines and even entire businesses that have BATMs are not listed at all as far as I can see.
For some reason LibertyX does not seem to want their machines listed.
So
Some are in stores that have not been open for months.
Other machines and even entire businesses that have BATMs are not listed at all as far as I can see.
For some reason LibertyX does not seem to want their machines listed.
So
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/
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.
This is really good news three thousand Bitcoin ATM installed in first quarter of 2022. Cryptocurrency is the future of finance and money also but Bitcoin is the decentralised currency.
The statistics suppose to be higher than portrayed statistics because bitcoin has turn to universal currency which no country today that's not aware of cryptocurrency, so beside bitcoin ATM supposed to be viral because it currency is decentralized and has already dominate half of the world, so Bitcoin is financial freedom. 
This is one indication that we are not turning back again and we are gonna proceed and step forward with our new normal regarding our financial activities.
That indication is the thrilling point for me, not minding that Africa is nowhere to be found in this scheme of things towards mass adoption for Bitcoin. Governments in Africa are busy making attempts to dissuade their citizens from actively indulging in this new tech. Reason isn't far fetched from the fact that they don't want financial freedom for their people. Look at where the world is today, and look at how Africa lags behind in far distance. It's a shame, really. 
This is one indication that we are not turning back again and we are gonna proceed and step forward with our new normal regarding our financial activities. The growth of the crypto industry for the past years has no matched compared to this year's growth we are still in Q1 and many positive things have already happened. If we still have this kind of massive ATM installation all around the world this upcoming months, prepare for the positive impact and increase of the price. People are slowly making changes about adopting cryptocurrencies and it would be good if we will have another bull-run this year too.
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That is something to consider on a country basis y country. Even within a single country, the specific ATM company you are going to be using may vary in requirements from the next. Overall, some, to date, still do not require KYC under a certain threshold; others require you to provide a phone number, whilst some require KYC with Id Scans and so forth. The information they therefore have on you will vary depending on their KYC policy, subject to the country’s legislation on the matter (which can and will vary as time goes by). Now from there on, an ATM company is going to be in possession of the information it obtains, and besides forwarding some to the taxation office if required, it may or may not make proper custody of your data (as any other company). We see leaks and hacks in general terms rather frequently, and any company is potentially subject to it.
One additional thing to consider is how you carry out your address management when using ATMs or other entities. Normally you should consider the strategy you need to use in order for a merchant/corporation from being able to snoop through your complete/partial TX history, and even more so if it could be tied to KYC information.
I cannot see an increase with the figures given. If the year 2021 saw an installation of 20,000 Bitcoin ATMs, and in the first quarter of the year 2022 saw only 3,000, then within this year the number of Bitcoin ATMs installed might decrease compared to last year. That is, if the remaining quarters of the year would only have around 3,000 Bitcoin ATM installation each. So the rate of Bitcoin ATM installation doesn't have a high increase. 2021 had a high increase. 2022 will have a decrease.
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:
I don't have adequate knowledge about Bitcoin, but the little I have made think otherwise. So pls I am to ask this question.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.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
If this Bitcoin ATM safe?. Knowing the due processes involved when spending your Bitcoin from your personal wallets made me to think of how safe our personal details will be in the ATM.
Pls shade more light.
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.
Indeed, the bitcoin adoption all over the world is increasing and the speed of this process is increasing as well, a few years ago there were a few installed bitcoin ATMs and just in a few countries while none could even imagine the installation of more than 3000 ATMs just in the first quarter of the year 2022 which is really huge amount of atm for bitcoin, however in order to use these machines passing KYC is always necessary and this can be a negative point of the story of bitcoin ATMs
Privacy concern is probably one reason.
Yes and no, mainly because someone who is going to buy bitcoin at an ATM probably is going to get only a few hundred dollars, not big quantities. And as far as I remember those ATM don't have very good prices but again if you buy only $100-200 you won't even notice that.On the issue of kyc I think KYC is only required when you are about to make a Bitcoin purchase over the Bitcoin ATM.
Privacy concern is probably one reason.
Yes and no, mainly because someone who is going to buy bitcoin at an ATM probably is going to get only a few hundred dollars, not big quantities. And as far as I remember those ATM don't have very good prices but again, if you buy only $100-200 you won't even notice that.
This is really good news three thousand Bitcoin ATM installed in first quarter of 2022. Cryptocurrency is the future of finance and money also but Bitcoin is the decentralised currency.
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/
Personally I highly doubt I'll ever buy bitcoins from an ATM but it's nice to see that other people can do it, maybe some of them will buy just out of curiosity. And another thing: if there are people/companies that keep investing money in these ATMs, it means that they are getting a good feedback!https://news.bitcoin.com/tracker-shows-close-to-3000-crypto-atms-were-installed-in-2022s-first-quarter/
Privacy concern is probably one reason. Come when there will be a crackdown, it is safer to stay out of the radar even before it starts.
It's not really 3K but less this Q1 of the year but convincing enough to say people must have been buying BTC thru the ATMS installed in the cities.
It would be interesting to see the demographics of who is buying from the machines, I suspect the majority are teens, and it's for gambling reasons.
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/
Personally I highly doubt I'll ever buy bitcoins from an ATM but it's nice to see that other people can do it, maybe some of them will buy just out of curiosity. And another thing: if there are people/companies that keep investing money in these ATMs, it means that they are getting a good feedback! https://news.bitcoin.com/tracker-shows-close-to-3000-crypto-atms-were-installed-in-2022s-first-quarter/
Are there any approximate metrics for how many of these have mandatory Know Your Customer integrated?
Isn't that this is really the case of all Bitcoin ATM? KYC integrated? But not most of them are government regulated or has permit to operate in that specific place. That's some of these got confiscated and forcely closed.
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