Bitcoin automated teller machines (ATMs) in Australia increased monthly for over two years, pushing the number of crypto ATMs in the country near the total number of machines in Europe.
Crypto ATM data tracker Coin ATM Radar shows that in the last 29 months, Australia maintained a net positive addition of Bitcoin ATMs at a stretch. According to the data, Australia has 1,359 ATMs, which account for 3.5% of all Bitcoin ATMs across the globe. While the percentage seems low, Australia ranks third in the number of Bitcoin ATMs globally.
Crypto ATM removed or installed in Australia. Source: Coin ATM Radar
The number of Bitcoin ATMs in Australia almost reached the amount found in Europe. According to the data tracker, Europe has 1,660 Bitcoin ATMs. If exceeded, Australia will be home to the third largest Bitcoin ATM network after the United States and Canada.
United States leads in the number of Bitcoin ATMs
While the United States did not have a favorable regulatory environment for crypto in the last few years, the country continued to dominate the Bitcoin ATM market.
Number of Bitcoin ATMs found in the United States. Source: Coin ATM Radar
As of Dec. 29, the US has 31,516 Bitcoin ATMs. This means that the country has 81.3% of all Bitcoin ATMs worldwide. Canada ranks second with 3,027 Bitcoin ATMs, about 7.8% of the entire crypto ATM market
Because of the amount of Bitcoin ATMs in Canada and the US, the North American Region has over 90% of all crypto ATMs worldwide. Europe and Oceania have about 4% each, while Asia has 0.9% of all Bitcoin ATMs.
In total, there are 38,753 Bitcoin ATMs across the globe.
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Bitcoin ATMs increasingly used for crypto scams
As the number of Bitcoin ATMs increases, the number of scammers using the machines is also rising. The United States Federal Trade Commission (FTC) warned users on Aug. 26 that there’s been an increase in fraudsters using Bitcoin ATMs in their cons, exploiting the anonymity and speed of crypto transactions. The FTC said that losses due to Bitcoin ATM scams exceeded $110 million in 2023.
In response to the threat of Bitcoin ATM-related scams, US lawmakers sent letters to the top crypto ATM operators in the country, urging them to address fraud targeting the elderly.
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