Bitcoin ATM Market Size, Share, By Type (One Way and Two Way) By ATM Hardware (Printer, Display, QR Scanner and Others), By Application (Transaction and Depository), and By Region - Trends, Analysis, and Forecast till 2034

Bitcoin ATM market size was valued at USD 85.2 Million in 2024 and is expected to reach USD 4732 Million by 2034, growing at a CAGR of 55.4%.

Bitcoin ATM is online kiosk that clients may place money for buying bitcoin and/or other digital currencies. Individuals are able to transfer their digital currencies using particular gadgets.

A Bitcoin ATM does not function the same as a normal automatic teller machine (ATM) that enables customers of banks to withdraw money out of, deposit into, and move across their financial institutions. In a replacement, Bitcoin withdraw machines perform based on block chain technology operations that transfer the bitcoins into the user's electronic wallets; typically a code with a QR code is utilized to help with transaction.

 A product providing enables the transfer of this electronic money using the use of an ATM is referred to as a "bitcoin teller machine (the ATM)". Each purchase performed through an automated money changer (ATM) produces a proof of payment with the private and public keys encoded as short codes so as to improve security. Bitcoins automated teller machines (ATMs) is independent computerized machines that customers may exchange bitcoins for cash or credit or debit cards. These cash machines offer the use of numerous various digital currencies in alongside bitcoins. One of the primary benefits of Bitcoin withdrawal machines is its broad shipping, because many of these machines are located in popular locations including grocery stores, department stores, and petrol stations. Given its availability and rapid processing of transactions, exchanging bitcoin.

Key Drivers of Target Market:

Growing digitization may accelerate market expansion

• The biggest driver for market expansion, especially in nations that are developing, is going to be the growing digitalization of industries. Machines that take Bitcoin are growing increasingly common in an array of places, including eateries, restaurants, grocery stores, and petrol stations. The worldwide financial movement towards digitization is driving development throughout an array of sectors. The recent change resulted to the development of a replacement approach compared to conventional in charge systems. Considering to the rapidly increasing interest in digital currency throughout the globe and the ensuing investment using this novel method of payment, numerous sectors feel compelled to gradually involve bitcoin into the way they operate. Therefore, the marketplace for bitcoin cash machines is growing quickly.

Restrains:

High Costs:

• High costs involve the costs in establishing up and continually maintaining Bitcoins ATMs, including costs for purchasing machinery, constant servicing, compliance with regulations, and safety features. According to an increasing demand of easy access and the increasing acceptance for electronic money, the marketplace for bitcoin withdrawal machines is growing significantly.

Opportunities:

Growing utilization of digital money

• The growing popularity of Bitcoins along with other electronic currencies resulted in an increase in demand for Bitcoins Machines.  ATMs offer an easy and readily available method for converting cash into digital currencies, and a growing percentage of individuals are becoming interested in trading in or utilizing bitcoins. Building bitcoin withdrawal machines is growing easier as confidence and knowledge in block chain technology develop.

The increased market growth of investments

• A significant amount of cash is involved in the latest payment system, bitcoin, as a result, businesses are starting to include this technology into their businesses. Therefore, there is currently an increasing need for Bitcoin ATMs. In order to aid Bitcoins ATM businesses grow the currency's ATMs system, major banks are making significant investments in bitcoin.

The market is segmented based on Type, ATM Hardware, Application, and Region.

Type Insights:

• One Way: The digital currency Machine maintain bundled with software that enables people exchange money for bitcoins even though a method to perform that actually no more accessible. These electronics may be referred to as "one-way" gadgets because they only handle payments moving in a single direction, especially from money to electronic cash.
• Two Way: An automated banking device that enables users to buy and sell Bitcoins, the opposite hand, constitutes a mutual Bitcoins ATMs. Mutual bitcoin ATMs allow consumers change Bitcoins to cash, in contrast with a only cash machines, that are limited to purchasing of Bitcoin utilizing conventional currencies (including variables such dollar or euro).

ATM Hardware Insights:

• Printer: An easy and efficient method to add printing capabilities to any BATMTwo Series Bitcoins ATM utilizes a BATMTwo Stands with Print. Using this arrangement, invoices get printed using paper wallets, also known payments may be transferred to conventional wallet only and you can readily modify the process to match your needs utilizing the BATM the Github website the source.
• Display: The electronic components that let customers buy and trade Bitcoin alongside other currencies using credit cards, money, or other forms of payment is the primary focus of the Bitcoins ATM industry. The automated teller machines speed transactions and improperly interface virtual currencies to conventional bank systems. The marketplace is growing as additional places deploy Bitcoins teller machines in order that enhance access as well as ease for customers.
• QR Scanner: The device utilized for decoding QR codes, essentially rectangular barcode containing data like Bitcoin addresses and information about transactions, is known as a QR scanners. The tool enables purchases easier simply automatically adding necessary information to the required fields.
• Other: Systems utilized by the Bitcoins ATMs sector usually consist of a show displaying interfaces for users and actual time market information, a device that prints payment confirmations & proof for actions, and a QR detector that swiftly scans Bitcoin addresses and payment codes. In addition, a few ATMs include biometric scanners for greater safety, the card viewers for debit/credit actions, and money recipients for deposits of money. Together taken together, these features offer a simple and intuitive Bitcoin payment interface.

End-User Insights:

• Transaction: Bitcoin payments may be performed utilizing Bitcoins ATMs. Platforms allow customers to exchange currency for digital goods by linking to digital currency trading platforms. The block chain system acts as an electronic records for bitcoin transactions as actions are recorded.
• Depository: The banking offerings for Bitcoin ATMs relates towards the secure keeping of digital currencies and the money involved in these transactions. These services are essential to assuring proper management and safeguarding the digital information passed through ATMs from theft or damage. To continue to safeguard these possessions and maintain consumer consideration within the framework, service providers usually incorporate safety procedures and coverage methods.

Regional Insights

• North America: The rapid development in technology and growing consumer demand are contributing to an important growth of the Bitcoins ATM marketplace in North America. Companies play an important role for creating novel and lasting ways that meet market demands. A favorable atmosphere for growth is additionally created by regulations and support from the government.
• Asia Pacific: The variety of Bitcoin ATM installments is the rise in the region of Asia-Pacific, and this is symptomatic of the increasing need for transactions in bitcoin and the growing popularity of the virtual currency. The primary drivers behind this growth include a population that's connected to technology and favorable regulations that promote the growth of bitcoin products and infrastructures.
• Europe: Bitcoin withdrawal machines are growing increasingly prevalent in the European Union, that indicates that electronic currencies are growing in popularity and incorporated into the economy. The gadgets facilitate buying and selling of Bitcoin along with other crypto currencies in a simple to operate way, contributing to the rapidly growing electronic economy in the region. It is projected to that as rates of acceptance improve and regulations evolve, there will be a further increase in the number and operation of bitcoin ATMs through Europe.
• Latin America:  The prevalence of Bitcoin withdrawal machines is growing rapidly across the Americas, offering customers with an easy means to purchase and exchange digital currencies in a region that the utilization of digital currency is picking up speed. The market's growth suggests an increasing demand for other forms of finance for nations experiencing economic difficulties in addition to an increasing curiosity in distributed financial solutions.
• Middle East and Africa: The Middle East and Africa's Bitcoins ATM marketplace is increasing as a consequence of increasing recognition of digital currencies and the passing of regulations allowing the transfer of digital currencies. It is essential to improve opportunities for financial services with Bitcoins ATMs, in particular in regions with insufficient economic infrastructures.

Bitcoin ATM Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study segmented the target market report based on Type, ATM Hardware, Application, and Region.

Segmentation:

By Type:

• One Way
• Two Way

  By ATM Hardware:

• Printer
• Display
• QR Scanner
• Others

By Application:

• Transaction
• Depository

By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating in the Bitcoin ATM Market include Bitcoin Exchange, Coin base Inc., Bitcoin.com, Buy Ucoin, Satoshi Citadel Industries, Digital Asset Holdings, Gemini Trust Company LLC, General Bytes, Shape Shift, Lamassu Industries AG, Coinme, Coin ATM Radar, and Bitcoin Depot.

• In September 2023, Prominent financial company Olliv that is driven by digital currencies, announced in September of 2023 announced it is officially entering the New Zealand market, established itself as the country's first Bit ATM provider. Known for its 4,500-strong collection of Bitcoins ATMs, the organization is planned on growing across Aotearoa by 2023, advancing its objective of enabling people to reach their full abilities by connecting them with the global electronic economy.
• In August 2023, A Bitcoins ATM system firm called Byte Federal, Inc. announced its official launch in Australian. The organization is committed to offering customers with an effortless, safe, and transparent encounter as they explore the constantly evolving realms of block chain and cryptocurrency technology.

• Bitcoin Exchange *
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
•  Coin base Inc.
•  Bitcoin.com
•  Buy Ucoin
•  Satoshi Citadel Industries
•  Digital Asset Holdings
•  Gemini Trust Company LLC,
•  General Bytes
•  Shape Shift
•  Lamassu Industries AG,
•  Coinme
•  Coin ATM Radar
•  Bitcoin Depot

“*” marked represents similar segmentation in other categories in the respective section.