February started with a Bitcoin price of $8,915 which experienced a rise approaching the middle of the month where it hit the highest monthly value at $10,166. After, it started to decrease, until the end of the month when it hit the value of $9,417 which is a 5.6% increase when compared to the beginning of the month.

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

Period Start: 6665, Period End: 7004
Opened: 470, Closed: 131, Net Growth: + 339 (5%)

Change by Manufacturers

Name Start End Diff
Genesis Coin 2257 2360 +103 (4.6%)
BitAccess 434 529 +95 (21.9%)
General Bytes 2138 2194 +56 (2.6%)
Lamassu 458 482 +24 (5.2%)
Bitstop 70 91 +21 (30%)
LightningXchange 127 137 +10 (7.9%)
Covault 206 214 +8 (3.9%)
Shitcoins Club 102 110 +8 (7.8%)
zzBit 50 54 +4 (8%)
Coinsource 383 386 +3 (0.8%)
RusBit 25 27 +2 (8%)
BitXatm 86 87 +1 (1.2%)
Bytefederal 55 56 +1 (1.8%)
BBFPro 15 16 +1 (6.7%)
BitTeller 10 11 +1 (10%)
Astra Pay 6 7 +1 (16.7%)
CoinLogiq 6 7 +1 (16.7%)
Cryptocurrency ATM 3 4 +1 (33.3%)
ChainBytes 30 28 -2 (-6.7%)

Genesis Coin continues to be the highest volume manufacturer with 103 new machines (4.6% increase) in February. After a long time, BitAccess was second with 95 new installations (21.9% increase), followed by General Bytes with 56 new machines (2.6% increase).

Change by Operators

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

Name Start End Diff
CoinCloud 399 494 +95 (23.8%)
Bitcoin Depot 536 574 +38 (7.1%)
CoinFlip Bitcoin ATMs 447 483 +36 (8.1%)
Kurant 50 78 +28 (56%)
RockItCoin 272 293 +21 (7.7%)
Bitstop 158 177 +19 (12%)
Bitcoin of America 196 211 +15 (7.7%)
HILT 36 50 +14 (38.9%)
Digital Mint 155 165 +10 (6.5%)
Localcoin 186 195 +9 (4.8%)
Pay DEPOT LLC 206 214 +8 (3.9%)
Shitcoins Club 102 110 +8 (7.8%)
Cash2Bitcoin.com 70 77 +7 (10%)
Cryptobase 24 31 +7 (29.2%)
The Sun Financial Technology Co.Ltd 26 32 +6 (23.1%)
GetCoins 102 107 +5 (4.9%)
BudgetCoinz, LLC 23 28 +5 (21.7%)
Bitcoin France 0 5 5
National Bitcoin ATM 179 183 +4 (2.2%)

CoinCloud topped the Operators list in February with 95 new installations (23.8% increase), this also explains Bitaccess high growth over month, followed by Bitcoin Depot who installed 38 new machines (7.1% increase) and CoinFlip Bitcoin ATMs with 36 new installations (8.1% increase).

We are glad to note that French Operator Bitcoin France installed its first 5 machines in February. France was long an “empty” territory, but lately entrepreneurs starting to operate crypto ATM business there, which is a good news. Germany was also a long time not covered country by ATMs due to Bafin regulation. Over the last year there were a number of operators starting business after court decision in Berlin back in fall 2018. However, recently Bafin returns with restrictions and requested a closure of a number of ATM locations.

Change by Countries

Name Start End Diff
United States 4518 4824 +306 (6.8%)
Canada 684 702 +18 (2.6%)
Germany 58 65 +7 (12.1%)
France 4 9 +5 (125%)
Italy 47 51 +4 (8.5%)
Poland 55 58 +3 (5.5%)
Russian Federation 46 48 +2 (4.3%)
Romania 38 40 +2 (5.3%)
Colombia 35 37 +2 (5.7%)
Taiwan 8 10 +2 (25%)
United Kingdom 281 282 +1 (0.4%)
Spain 71 72 +1 (1.4%)
Slovakia 41 42 +1 (2.4%)
Ireland 15 16 +1 (6.7%)
Dominican Republic 13 14 +1 (7.7%)
Ukraine 9 10 +1 (11.1%)
Portugal 8 9 +1 (12.5%)
Bulgaria 6 7 +1 (16.7%)
VietNam 3 4 +1 (33.3%)
El Salvador 0 1 1
Nigeria 0 1 1
Thailand 8 2 -6 (-75%)
Austria 161 144 -17 (-10.6%)

As we are used to, the United States installed the most machines – 306 installed (6.8% increase), followed by Canada with 18 new installations (2.6% increase). Germany was third with the most installations in Europe – 7 new machines (12.1% increase).

We are happy to say that there are two countries that installed their first machines:

  • Nigeria – A buy/sell machine located in Lagos.
  • El Salvador – A buy/sell machine located in El Zonte.

Sadly, Austria removed a significant number of machines in February – 17 machines removed (10.6% decrease). This might be connected to AMLD5 entering into power since beginning of 2020 and operators need to follow new KYC rules, which means require users to identify themselves and go through more strict KYC procedures, which obviously resulted in reduction of revenue for operators, as privacy is one of the advantages of using bitcoin ATMs compared to other methods of buying and selling cryptocurrencies.

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 6701 7000 + 299 (4.46%)
Altcoins 4664 4899 + 235 (5.04%)
Ether 4020 4251 + 231 (5.75%)
Litecoin 4536 4756 + 220 (4.85%)
Bitcoin Cash 2226 2353 + 127 (5.71%)
Dash 1416 1470 + 54 (3.81%)
Dogecoin 60 64 + 4 (6.67%)
Monero 185 189 + 4 (2.16%)
Zcash 80 82 + 2 (2.50%)

The percentage of Bitcoin ATM’s supporting any other cryptocurrencies than Bitcoin increased a bit and is now at 69.9%. Ether was the second most added coin in February with 231 additions (5.75% increase). Litecoin followed by with 220 additions (4.85% increase), while Bitcoin Cash came third with 127 additions (5.71% increase).

Summary

The price of Bitcoin experienced a small increase in February. Genesis Coin and BitAcces were the most installed types of machines, while the United States continues to be the dominant country when it comes to Bitcoin ATM adoption. Apart from Bitcoin, that continues to be the most adopted coin, Ether was the most added coin in the past month.

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