The number of Bitcoin money machine installations approaches the record high of 2022 due to the recent increase in the BTC Prize

• data from the Coin Atm Radar show that the global market for crypto money machines is about to exceed the highest level of 2022.
• the USA with over 32,000 installations, while Canada with over 3,000 locations in second place and Australia is in third place.
• Users consider Bitcoin money machines as one of the simplest ways to buy and sell Bitcoin (BTC).

The installations of Bitcoin money machines have increased explosively and approach their all-time high, which was last reached in 2022, with significant growth in the past three months.

The data show a significant increase in most countries since the beginning of the year. The United States is still the country with most installed Bitcoin Automats. Canada also recorded growth and is in second place with almost three times as many Bitcoin Automats, such as Australia, which is in third place.

What are Bitcoin money machines?

Bitcoin money machines are ATMs where users can buy and sell bitcoins. In other words, you offer a easier way to convert cash in cryptocurrencies or cryptocurrencies into cash. Most support local currencies, including USD, EUR, GBP, CAD and AUD.

currently about 12.3 % of Bitcoin money machines support the two-way operation, i. h. In addition to buying cryptocurrency with Fiat money, they also enable users to withdraw cash from their crypto credit.

To sell bitcoins on a Bitcoin Automats for cash, a user needs one of these ATMs with a two-way operation.

, for example, if a crypto investor in Canada uses a bitcoin money machine to withdraw cash, the machine changes its btc in cad then pay out Canadian dollar.

The purchase is easier because most machines are designed as one-way machines. Users need a wallet address or a QR code if you use Bitcoin money machines for buying or selling BTC and other cryptocurrencies.

also transfers via Bitcoin money machines are possible, whereby you can make cross-border cash payments via two Bitcoin money machines.

countries with most Bitcoin money machines

according to Bitcoin-Atm-Tracking-Site Mint automatic radar There are currently 39,038 crypto money machines worldwide. This number is approaching the maximum of December 2022, when the total number of global installations reached a record value of 39,541

The USA with 32,404 Most Bitcoin Automats worldwide, Canada is 3rd place with 3,039 with 1,122 in Europe. In Europe, Spain with 310 locations is at the top, closely followed by Poland with 285. El Salvador, the first country, the bitcoin as legal means of payment has introduced 215 installed ATM Hong Kong has 171 and South Africa 22.

It is noteworthy that the number of new installations has exceeded the 2,700 mark since the beginning of the year, an enormous increase compared to the decline of 21 % in 2023. In June alone there were 376 new installations, in Puerto Rico Kam 11 and in Australia 9.

Coin Atm Radar in his industry dynamic report for June notes that Bitcoin Depot was the operator with the most new installations with 182 new installations. Digitalmint took second place with 142 new devices, while Rockitcoin took third place with 68 new installations.

currently there are Bitcoin money machines in 70 countries and the number of companies that manufacture these machines has risen to 43 worldwide.

BTC price increase is driven forward Bitcoin-ATM expansion

The increasing acceptance and use of these facilities is due to their accessibility, user-friendliness and convenience. The locations include petrol stations, shopping centers and shops. Bitcoin money machines are also popular because of their privacy, since users can exchange fiat money in cryptocurrencies without having to disclose important personal data.

Another factor is profitability for the operator and the fact that in many countries legal guidelines apply.

However, the expansion of the crypto money machine market is also carried out against the background of a booming cryptoma market. After the pessimistic prospects in the last quarter of 2022 and 2023, the cryptocurrencies in 2024 were on the up. Bitcoin recently reached an all -time high of over $ 73,000 and Ethereum approached its maximum of 2021.

The Bitcoin course is currently around $ 64,800, since investors hope for a new upward dynamics that could bring the course back to the $ 70,000 mark and possibly on the all-time high of $ 73,000.

Spot-bitcoin ETFs and the recent halving, in which the block rewards from 6.25 BTC were shortened to 3.125 BTC, are factors that, according to analysts, could boost market growth in the coming months.

because regulatory developments, the mood in the US elections and the global macrouumbic field will probably also ensure a combination of bullish catalysts, experts say that Bitcoin could be about to another big rally.

The destinations for the end of 2024 is a potential increase at record heights of over $ 100,000. The analysts of Standard Chartered confirmed their prediction, revision which indicates that the benchmark cryptocurrency could reach $ 250.

graduation

Bitcoin is resistant after the declines in June and the sale in early July 2024-with the BTC dump of the German government and the nervousness at Mt. Gox. Since the Bitcoin price floats over 64,000 USD in the course of an upward trend of these recent lows, analysts are optimistic about the chances of an upswing in the bull cycle in the coming months. Most analysts see news -related tips as short -term views for BTC before the bulls win the upper hand in the fourth quarter.

These prospects for BTC indicate that the market for Bitcoin Automats could experience a new upswing. If this upswing occurs, it is possible that the global installations will achieve a new record beyond the highest level of 39,541 in 2022.