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Fact, 3500 Bitcoin ATM operate around the world, one of them is in Indonesia

Written By Hanny & Melissa on Sunday, April 14, 2019 | Sunday, April 14, 2019

Although some countries prohibit bitcoin trading, it does not mean that the use of crypto currencies is declining. It is precisely now that bitcoin is increasingly dominant and remains the king among other cryptocurrency.

This is evidenced by the presence of more than 3500 Bitcoin ATM operating in 73 countries. This ATM machine makes it easier for users to transact with fiat currencies.

The definition of a Bitcoin ATM is a kiosk that allows one to exchange Bitcoin and cash. Some ATM offer bi-directional functionality, which allows the purchase and sale of Bitcoin with cash. The Bitcoin ATM provider requires users to have an existing account or wallet to transact.

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Bitcoin kiosks are connected to the internet, can insert cash in bitcoin exchanges. This transaction issued a receipt in the form of paper.

At first glance it looks like an ATM in general, but a Bitcoin kiosk is not connected to a bank account. But rather connects users directly to crypto exchangers.

At present, bitcoin ATM machines have spread in 73 countries, which are operated by 481 operators. Of the 3500 bitcoin ATM, one of them operates in Bali - Indonesia.

Where, most foreign tourists use this machine most often. The machine is operated by the Bitcoin Indonesia company. The ATM serves the buying and selling of bitcoin and altcoin, including Dogecoin, BCH, ETH, DASH, LTC, ZEC, and XMR.

This year's bitcoin prices have decreased by almost 50 percent since February. and now the price of bitcoin reaches an average of 7,000 US dollars. However, falling prices are not a barrier, these machine manufacturers continue to install new ATM in several world locations.

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The machine is becoming popular and making bitcoin keep changing in price. Where a few years ago were only valued at hundreds of dollars, now thousands of dollars.

According to data compiled by Coinatmradar, the recent decline in bitcoin prices has not discouraged crypto users. The level of use of the bitcoin ATM machine has actually increased in several regions.

More precisely, there are currently 3509 bitcoin ATM operating throughout the world. About 32 percent of 1846 ATMs also provide options for exchanging altcoin, Litecoin and Ethereum. The data also states that North America has the most bitcoin ATM globally.

2594 ATM bitcoin are predicted to be installed or around 74.05 percent of the total. Then this machine also operates in Europe, including Britain and Austria, Russia and the Czech Republic.

The company that dominates ATM installation is Genesis Coin taking the market 33.69 percent. Then followed by European-based General Bytes reaching 26.89 percent.

The ATM machine is divided into two types, namely the first one-way function only to buy crypto. And this type of two-way function is to buy and sell. Orders for two-way engines surged by 37 percent, enthusiasts were higher than before.

More than 3500 Bitcoin ATM offer their own choices for crypto users. Where consumers can at any time buy and sell cryptocurrency.

Complete data on the development of cryptocurrency ATM and any locations that operate, can be seen directly on the Coinatmradar Map website. So there's no need to fear friends to play in Bitcoin and Altcoin, ATM evidence alone has shown that the digital currency will be at the forefront ...

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