Bitcoin ATM Market Dynamics May 2021

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May was the second month in a row where Bitcoin price experienced a decline. The month started with a price set at $57,797 and was fairly stable until mid-month when it started to decrease. At the end of May, the price of Bitcoin was $35,685. We can notice that it decreased by 38.3% when compared to the beginning of the month.

The speed of bitcoin ATM installations maintained a stable rise between 8-10%.

Period Start: 19311, Period End: 20885
Opened: 1764, Closed: 190, Net Growth: +1574 (8.2%)

Change by Manufacturers

Name Start End Diff
Genesis Coin 7537 8250 +713 (9.5%)
BitAccess 1868 2179 +311 (16.6%)
General Bytes 5151 5323 +172 (3.3%)
Bytefederal 499 623 +124 (24.8%)
Coinsource 1350 1446 +96 (7.1%)
Bitstop 602 690 +88 (14.6%)
Lamassu 662 678 +16 (2.4%)
LightningXchange 556 571 +15 (2.7%)
Shitcoins Club 152 164 +12 (7.9%)
ChainBytes 71 83 +12 (16.9%)
Ghostlab 84 95 +11 (13.1%)
Cryptocurrency ATM 124 134 +10 (8.1%)
zzBit 106 108 +2 (1.9%)
RusBit 33 34 +1 (3%)
BitXChange 3 4 +1 (33.3%)
Covault 243 242 -1 (-0.4%)
Trovemat 29 28 -1 (-3.4%)
BTC facil 8 7 -1 (-12.5%)
Orderbob ATM 14 7 -7 (-50%)

We can notice a small change when it comes to the most active manufacturers in May. Genesis Coin remains the most active with 713 new machines (9.5% increase), but this time BitAccess was second with 311 new installations (16.6% increase), while General Bytes was third with 172 new machines (3.3% increase).

Change by Operators

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

Name Start End Diff
Bitcoin Depot 2501 2830 +329 (13.2%)
CoinCloud 1758 2066 +308 (17.5%)
Byte Federal, Inc. 499 623 +124 (24.8%)
RockItCoin 1032 1134 +102 (9.9%)
Coinsource 920 1012 +92 (10%)
Bitstop 686 774 +88 (12.8%)
CoinFlip Bitcoin ATMs 2171 2234 +63 (2.9%)
Cash2Bitcoin.com 214 274 +60 (28%)
Just Digital Coin 285 339 +54 (18.9%)
Bitcoin of America 1103 1153 +50 (4.5%)
GetCoins 258 298 +40 (15.5%)
Localcoin 443 468 +25 (5.6%)
BudgetCoinz, LLC 138 163 +25 (18.1%)
DigitalMint 577 592 +15 (2.6%)
Bitbox ATM 128 143 +15 (11.7%)
Shitcoins Club 152 164 +12 (7.9%)
Cryptobase 92 103 +11 (12%)
Bitcoin Well 124 134 +10 (8.1%)
PureCoin 26 36 +10 (38.5%)
Kernel 18 28 +10 (55.6%)
Crypto Dispensers 7 17 +10 (142.9%)
CoinUnited.io 51 60 +9 (17.6%)
FastBTCatm.ca 33 42 +9 (27.3%)
BitNational 120 127 +7 (5.8%)
Hodl Digital Services 83 90 +7 (8.4%)
Freedom Gateway 13 20 +7 (53.8%)
American Crypto Bitcoin ATM 135 141 +6 (4.4%)
Black Swan Bitcoin 8 13 +5 (62.5%)
ATM Coiners 388 392 +4 (1%)
Instacoin 124 128 +4 (3.2%)
RocketBTM 20 24 +4 (20%)
Retail Capital Partners LLC 19 23 +4 (21.1%)
Coin Whale LLC 17 21 +4 (23.5%)
Maine Bitcoin 17 21 +4 (23.5%)
Growth BTM 16 20 +4 (25%)
CryptoLocalATM 14 18 +4 (28.6%)
bitMachina 7 11 +4 (57.1%)
PreferredCoin 0 4 4

Bitcoin Depot remains the most active operator in May, with 329 new installations (13.2% increase). CoinCloud followed with 308 new machines (17.5% increase). Byte Federal, Inc. was third with 124 new installations (24.8% increase).

A Texas-based operator PreferredCoin had its first 4 installations in May. We hope to see more from them in the future.

Change by Countries

Name Start End Diff
United States 16259 17726 +1467 (9%)
Canada 1352 1428 +76 (5.6%)
Hong Kong 115 125 +10 (8.7%)
Italy 55 60 +5 (9.1%)
Bulgaria 16 21 +5 (31.3%)
Austria 153 157 +4 (2.6%)
Taiwan 14 18 +4 (28.6%)
Spain 115 118 +3 (2.6%)
Germany 51 54 +3 (5.9%)
Romania 80 82 +2 (2.5%)
Hungary 47 49 +2 (4.3%)
Switzerland 108 109 +1 (0.9%)
Russian Federation 51 52 +1 (2%)
Australia 27 28 +1 (3.7%)
Puerto Rico 22 23 +1 (4.5%)
Slovenia 20 21 +1 (5%)
Finland 15 16 +1 (6.7%)
South Africa 10 11 +1 (10%)
Turkey 9 10 +1 (11.1%)
Brazil 8 9 +1 (12.5%)
United Kingdom 181 180 -1 (-0.6%)
Ireland 35 34 -1 (-2.9%)
Dominican Republic 16 15 -1 (-6.3%)
Aruba 1 0 -1 (-100%)
Netherlands 19 16 -3 (-15.8%)
Slovakia 55 51 -4 (-7.3%)
France 5 0 -5 (-100%)

The increase in the United States keeps getting better and better. There were 1467 machines added (a 9% increase). Canada and Hong Kong maintained a steady rise with 76 (5.6%) and 10 (8.7%) additions respectively.

We can sadly notice that France and Aruba had removed their only machines. Hopefully, they will soon get back to the Bitcoin ATM map.

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
Dogecoin 3341 5734 +2393 (71.63%)
Tether 714 2763 +2049 (286.97%)
Zcash 107 2104 +1997 (1866.36%)
Bitcoin 19195 20876 +1681 (8.76%)
Litecoin 13324 14639 +1315 (9.87%)
Altcoins 14022 15272 +1250 (8.91%)
Bitcoin Cash 5413 6076 +663 (12.25%)
Dash 3731 3978 +247 (6.62%)
Ripple 166 196 +30 (18.07%)
Monero 208 232 +24 (11.54%)
Lightning BTC 13 10 -3 (23.08%)
Ether 12089 11104 -985 (8.15%)

We can notice some interesting things when it comes to cryptocurrency support in May. The percentage of Bitcoin ATMs supporting any other cryptocurrencies than Bitcoin remained at 73%. But we see that 3 coins experienced an extreme rise in support. Dogecoin was the most added coin with 2393 additions (71.63% increase), followed by Tether with 2049 (286.97% increase) and Zcash with 1997 (1866.36% increase).

Summary

In May 2021, the price of Bitcoin continued to fall. Genesis Coin and BitAccess were the most active manufacturers. The number of machines in the United States keeps rising. Dogecoin, Tether, and Zcash were the most added coins by far.

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