Who makes Bitcoin ATMs?

Genesis Coin is the largest manufacturer of bitcoin ATMs with 15,140 machines, followed by General Bytes with 7,965 and BitAccess with 5,549. The top operators of bitcoin ATMs are Bitcoin Depot (19.1% of the market share), CoinCloud (14.1%) and CoinFlip (9.7%).

How does a Bitcoin ATM work?

When you physically deposit cash, the bitcoin ATM operator transfers that into bitcoin or the other forms of crypto you requested. If you insert $200, for example, you’ll receive $200 of bitcoin at its current market price, minus the ATM provider’s operating fee. Some ATMs also charge a miner’s fee, which they deduct from the deposit amount. 7.

What is a bitcoin machine?

Our machines make cryptocurrency simple for everyone. No math degree required. In 2013 we invented, designed and shipped the world’s first Bitcoin ATM, which we called the Bitcoin Machine. Five years later, with a bustling cryptomat industry, we present a whole new level of multi-cryptocurrency machine.

How many Bitcoin ATMs are there?

Since then, bitcoin ATMs have popped up all over the world. To date, there are 36,610 bitcoin ATMs in 77 different countries, according to data from Coin ATM Radar. Genesis Coin is the largest manufacturer of bitcoin ATMs with 15,140 machines, followed by General Bytes with 7,965 and BitAccess with 5,549.