The number of bitcoin ATMs is rising with more ATMs now opening worldwide almost every month. The legal status of the cryptocurrencies is what holds them down from getting spread around the world even more.
On the 1st of August 2017, records show that there were approximately 1.443 ATMs and now there are more than 3.558 which are about a 150% increase over the last year. In fact, according to the statistics ATMs are being installed with a speed rate of 6 machines per day. The USA has nearly the half of all ATMs in the world.
However, despite that the number of machines is growing, Fees aren’t changing. Most of the crypto ATMs enables transactions in bitcoin, but for other cryptocurrencies, the numbers stand like this: Ethereum 32.5%, Litecoin 50.5% and Dash 12.9%. Regulatory issues add a lot of costs to businesses such as ATMs installments and this is why the fees aren’t changing. Some companies such as Bitcoin Depot and Coin Cloud ATM did lower the fees for a 7-8% of a transaction’s value but others have stayed the same charging up to 15% fees especially on the US market.
The most interesting part is that no matter the slurp in the price, manufacturers continue to install new bitcoin ATMs with an accelerating pace.
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Also, manufacturers are trying new options for consumers where users can now buy and sell cryptocurrencies via one machine only. This will bring to many more new ATMs being installed globally.
Check our Bitcoin Newsletter to find a map of places in the USA you can easily find a Bitcoin ATM right here.
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