Located in Prague, Bitcoin ATM manufacturer General Bytes announced it has installed 10 new cryptocurrency dispensers across European metro systems.
The company posted a metro station map on its website showing these machines' locations across 10 stations in Prague (a 1.3 million-resident city). According to their platform, these ATMs enable purchases of:
- Bitcoin (currently trading above $7,500)
- Various other cryptocurrencies
Global Bitcoin ATM Distribution
Coin ATM Radar tracks over 3,150 cryptocurrency ATMs across 70 countries. Current rankings show:
| Rank | Country | ATM Count |
|---|---|---|
| 1 | United States | 1,975 |
| 2 | Canada | 544 |
| 3 | Austria | 179 |
| 4 | United Kingdom | 135 |
| 5 | Czech Republic | 46 |
Notable Asian installations include Tokyo (5 machines) and South Korea (1 unit).
US City Breakdown
Major American cities with significant Bitcoin ATM presence:
- Los Angeles: 250 machines (operational since 2014)
- Chicago: ~170 units
- New York City: 120+ installations
- Atlanta: 120+ terminals
- Washington DC: 60+ machines
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How Bitcoin ATMs Operate
These street-corner machines allow instant cryptocurrency purchases by:
- Inserting cash
- Scanning QR codes for digital wallet addresses
- Receiving printed receipts or digital confirmations
Some advanced models support two-way transactions, enabling users to:
- Sell Bitcoin
- Receive immediate cash payouts
Key operational differences from traditional ATMs:
- Requires wallet private key generation
- Produces paper wallet QR codes
- Shows real-time Bitcoin balance verification
Leading Manufacturers
Two companies dominate 60.98% of the market:
Genesis Coin
- 1,065 installed units
- Specializes in digital asset vending solutions
General Bytes
- 850-1,500+ units sold (varies by source)
- Provides blockchain technology infrastructure
Price point: General Bytes machines retail for up to $9,499 per unit.
FAQ Section
Q: How secure are Bitcoin ATMs?
A: They employ standard encryption protocols, though users should verify machine operators' reputations before transactions.
Q: What fees do Bitcoin ATMs charge?
A: Fees typically range 5-10% per transaction, varying by operator and location.
Q: Can I buy altcoins at Bitcoin ATMs?
A: Many machines now support Litecoin, Ethereum, and other major cryptocurrencies beyond just Bitcoin.
Q: Why does the US have so many Bitcoin ATMs?
A: Favorable regulatory environments and high cryptocurrency adoption rates drive installation numbers.
👉 Learn about cryptocurrency investment opportunities
Market Context
Bitcoin has shown recent price recovery, though 2018 proved highly volatile overall. Current values remain approximately 60% below December 2017's all-time highs.
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