Bitcoin ATM Market Dynamics March 2020

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In the midst of the Pandemic, the price of BItcoin took a downturn. March started with a Bitcoin price at $8,534 and rose for a few days after it started to drop significantly. The month ended at a price of $6,405 which is a 24.9% decrease when compared to the beginning of the month.

The number of new machines continued to grow at a relatively stable rate, unlike the price of Bitcoin.

Period Start: 7010, Period End: 7386
Opened: 484, Closed: 108, Net Growth: + 376(5.4%)

Change by Manufacturers

Name Start End Diff
General Bytes 2189 2302 +113 (5.2%)
BitAccess 532 632 +100 (18.8%)
Genesis Coin 2365 2460 +95 (4%)
Coinsource 387 407 +20 (5.2%)
LightningXchange 138 150 +12 (8.7%)
Bytefederal 57 68 +11 (19.3%)
Bitstop 90 99 +9 (10%)
zzBit 52 59 +7 (13.5%)
Lamassu 481 487 +6 (1.2%)
Shitcoins Club 110 112 +2 (1.8%)
Trovemat 26 28 +2 (7.7%)
RusBit 27 28 +1 (3.7%)
ChainBytes 25 26 +1 (4%)
Bitcoin D.A.V.E. 12 13 +1 (8.3%)
Covault 215 214 -1 (-0.5%)
BBFPro 16 15 -1 (-6.3%)
BTC facil 12 11 -1 (-8.3%)
CoinOutlet 2 1 -1 (-50%)

General Bytes took back the top spot on the manufacturers list with 113 new machines (5.2% increase). BitAccess was second with 100 new installations (18.8% increase) followed by Genesis Coin with 95 new machines (4% increase).

Change by Operators

Operators who increased the number of machines by 4 or more over the past month:

On the Operators list in March CoinCloud was first with 101 new installations (20.3% increase). CoinFlip Bitcoin ATMs and RockItCoin followed by with 58 (12% increase) and 22 (7.6% increase) machines respectively.

We are glad to mention that PureCoin, a US-based Operator, installed its first 4 machines in Connecticut and New Jersey.

Change by Countries

Name Start End Diff
United States 4839 5194 +355 (7.3%)
Canada 704 716 +12 (1.7%)
Netherlands 42 47 +5 (11.9%)
Switzerland 80 84 +4 (5%)
Germany 65 69 +4 (6.2%)
Hong Kong 54 57 +3 (5.6%)
United Kingdom 279 281 +2 (0.7%)
Ireland 16 18 +2 (12.5%)
Ukraine 10 11 +1 (10%)
Peru 2 3 +1 (50%)
Panama 15 14 -1 (-6.7%)
Bahamas 1 0 -1 (-100%)
Austria 142 131 -11 (-7.7%)

North America continues to dominate with the United States installing 355 machines (7.3% increase), followed by Canada with 12 new installations (1.7% increase). The Netherlands was in third place with 5 new machines (11.9% increase).

Sadly, the number of machines in Austria continues to drop. In march 11 machines were removed which was a 7.7% decrease.

Cryptocurrencies Support

Find the latest stats of various cryptocurrency machines here.

Cryptocurrencies support saw the following increases over the past month:

Name Start End Diff
Bitcoin 7000 7381 +381 (5.44%)
Ether 4251 4579 +328 (7.72%)
Altcoins 4899 5172 +273 (5.57%)
Litecoin 4756 5016 +260 (5.47%)
Bitcoin Cash 2353 2518 +165 (7.01%)
Dash 1470 1534 +64 (4.35%)
Zcash 82 89 +7 (8.54%)
Dogecoin 64 66 +2 (3.13%)
Monero 189 190 +1 (0.53%)

The percentage of Bitcoin ATM’s supporting any other cryptocurrencies than Bitcoin increased slightly and is now at 70%. Ether was the second most added coin in March with 328 additions (7.72% increase) followed by Litecoin with 260 additions (5.47% increase) and Bitcoin Cash with 165 additions (7.01% increase).

Summary

The price of Bitcoin experienced a significant decrease in March. General Bytes and BitAcces were the most installed machine brands. The United States is still the dominant country when it comes to Bitcoin ATM adoption. Ether was again the most adopted coin besides Bitcoin.

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