Global bitcoin ATM count nears 4,000
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According to data from Coin ATM Radar, there are a total of 3,990 bitcoin ATMs installed around the world. Bitcoin ATMs are kiosks that enable users to exchange cash for bitcoin. Some ATMs offer bidirectional functionality, enabling both the purchase and sale of bitcoins for cash. Because they typically do not apply know-your-customer requirements imposed by various governments, Bitcoin ATMs are popular for users that want to purchase and sell bitcoins anonymously.
What Bitcoin ATMs provide in anonymity features, though, they often take away in fees. According to the Consumer Financial Protection Bureau, some Bitcoin ATMs charge transaction fees as high as 7%. (Source: Ethereum World News)
AUTHOR
Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi
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