HI HODLers,
This is not the most important news in the world but I felt like it was something to notice.
Spain just passed El Salvador as the #3 Bitcoin ATM country in the world! In the graph below you can see the steady growth in 2022 and even if it seems like it has reached a plateau, this is still very positive. There are now 215 Bitcoin ATMs in Spain, mostly in Madrid and Barcelona.
Europe is still so far behind North America
Let's be honest, Bitcoin ATMs are not even a "thing" today except in the US and Canada. They account for 90% of all ATMs installed in the world... I am quite surprised not to see Asia in the mix.
Maybe because this data comes from CoinATMRadar and they have no data from Asia? Weird right?
# of ATMs installed in the world
Cheers to Spain @resiliencia and @empoderat!
Have you guys ever seen/used one in Spain?
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The 2 small countries Austria and Switzerland together even surpass Spain 😃.
I searched for one of these when I was in Austria about three years ago, but the app I used was misleading. It was actually a bank or an insurance company in the place it was guiding me to, but no damn bitcoin ATM.
Oh, not good :(
But anyway they charge obscene fees, up to 6 to 7%! So basically only good for Newbs 😃
Agreed.
Spot on! This is the target
I am happy to know we have options, but never used one.
I have one literally 100 meters from my home. I agree with @empoderat that the fees are expensive.
I didn't know that you can withdraw without KYC if it's less than 1.000 EUR.
Maybe I will give it a try if I can avoid KYCing for small amounts despite the fee.
Meh, they're expensive as fuck to use.
5-10% fee's depending on your side of the trade and you have to KYC for purchases higher than 1000 EUR If I remember well. Not worth it . 0 advantages vs using a regular CEX.
cheers!
Spot on. Same here.
Indeed, only good for newbies or actually people wanting to tell the taxing authorities and willing to take the 5-7% haircut