Bitcoin ATM Market Dynamics November 2020

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November started with a Bitcoin price of $13,810 and continued the rising trend from October. At the end of the month, the price went up to $18,192. So, when we compare the prices at the beginning and the end of November we can see that the price went up by 31.7%.

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

Period Start: 11492, Period End: 12510
Opened: 1118, Closed: 100, Net Growth: +1018 (8.9%)

Change by Manufacturers

Name Start End Diff
Genesis Coin 4167 4564 +397 (9.5%)
General Bytes 3358 3617 +259 (7.7%)
BitAccess 1114 1236 +122 (11%)
Coinsource 749 855 +106 (14.2%)
Bitstop 274 319 +45 (16.4%)
LightningXchange 322 355 +33 (10.2%)
Bytefederal 173 199 +26 (15%)
Lamassu 543 561 +18 (3.3%)
Shitcoins Club 106 116 +10 (9.4%)
ChainBytes 32 36 +4 (12.5%)
zzBit 67 69 +2 (3%)
RusBit 30 32 +2 (6.7%)
Cryptocurrency ATM 6 8 +2 (33.3%)
Cryptomatic 9 10 +1 (11.1%)
Walledo ATM 10 9 -1 (-10%)
BitXatm 76 68 -8 (-10.5%)

As usual, Genesis Coin with 397 new machines (9.5% increase) was the most active manufacturer in November, followed by General Bytes with 259 new installations (7.7% increase). Coinsource was in third place with 122 new machines (11% increase).

Change by Operators

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

CoinFlip Bitcoin ATMs was again one of the most active Operators in November. This time they were in first place with 129 new installations (11.3% increase). CoinCloud came second with 117 new machines (11.1% increase). Bitcoin Depot followed by with 101 new installations (9% increase).

Change by Countries

Name Start End Diff
United States 9125 10050 +925 (10.1%)
Canada 876 944 +68 (7.8%)
Germany 36 46 +10 (27.8%)
Spain 90 94 +4 (4.4%)
Italy 54 57 +3 (5.6%)
Austria 144 146 +2 (1.4%)
Hong Kong 58 60 +2 (3.4%)
Romania 50 52 +2 (4%)
Belgium 32 34 +2 (6.3%)
Ireland 23 25 +2 (8.7%)
Croatia 5 7 +2 (40%)
Switzerland 95 96 +1 (1.1%)
Czech Republic 65 66 +1 (1.5%)
Russian Federation 50 51 +1 (2%)
Australia 17 18 +1 (5.9%)
Panama 13 14 +1 (7.7%)
Taiwan 11 12 +1 (9.1%)
Bulgaria 10 11 +1 (10%)
Thailand 8 9 +1 (12.5%)
Turkey 1 2 +1 (100%)
Brazil 0 1 1
Greece 55 54 -1 (-1.8%)
Norway 1 0 -1 (-100%)
France 12 10 -2 (-16.7%)
Netherlands 26 23 -3 (-11.5%)
United Kingdom 235 228 -7 (-3%)

The United States almost got to 1K new machines in a month. There were 925 new installations (10.1% increase) on US soil in November, which got them across the 10k mark in total. Canada added 68 new machines (7.8% increase) with Germany following by adding 10 new machines (27.8% increase).

We must notice that Brazil added the first Bitcoin ATM. It is a buy/sell machine located in Sao Paolo.

On the other hand, we are sad to say that the only Bitcoin ATM located in Norway was removed in November.

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 11469 12515 +1046 (9.12%)
Altcoins 7806 8442 +636 (8.15%)
Litecoin 7607 8219 +612 (8.05%)
Ether 6718 7233 +515 (7.67%)
Bitcoin Cash 3726 3938 +212 (5.69%)
Dash 2332 2477 +145 (6.22%)
Tether 255 266 +11 (4.31%)
Lightning BTC 9 8 -1 (11.11%)
Ripple 163 161 -2 (1.23%)
Zcash 92 88 -4 (4.35%)
Monero 206 186 -20 (9.71%)
Dogecoin 102 72 -30 (29.41%)

The percentage of Bitcoin ATM’s supporting any other cryptocurrencies than Bitcoin dropped a bit and is now at 67.4%. Litecoin was the second most added coin in October with 612 additions (8.05% increase) followed by Ether with 515 additions (7.67% increase) and Bitcoin Cash with 212 additions (5.69% increase).

Summary

The price of Bitcoin in November continued with an upward trend. Genesis Coin and General Bytes continue to be the most active manufacturers. The United States crossed the 10k mark when it comes to the total number of machines. Litecoin was again the most adopted coin besides Bitcoin.

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