Swap Tracker
June Katz 05 Apr 2022 ◦ 1 min read

Crypto ATMs: Withdrawing Your Crypto Gains as Cold Hard Cash

Crypto ATMs: Withdrawing Your Crypto Gains as Cold Hard Cash

For years, the crypto world has been developing mainly in the digital dimension. But the more widely the cryptocurrency is used, the more urgent the need for tools for cashing out becomes.

The crypto ATMs allow people to exchange cash for cryptocurrency or withdraw crypto for cash. Operations are carried out quickly, in addition, they are usually not asked to provide documents — that is, transfers and deposits are anonymous. But there are also disadvantages: usually, the commissions for such operations are quite high.

In addition to bitcoin ATMs, there are many machines for buying and selling Litecoin and Ethereum. The largest manufacturers of devices are Genesis Coin and General Bytes.

According to the CoinATMRadar service, which also shows the location of devices in different cities, there are more than 36,000 crypto ATMs in the world at the moment. At the same time, almost 90% of the total number falls in the United States. Another 10% is almost entirely distributed between Canada and European countries.

Whatever it was, the growth in the number of crypto ATMs is considered one of the indicators of mass adoption of digital assets. After all, the more opportunities there are to buy cryptocurrencies, the more people will eventually find out about them.

Related posts

ISO 20022 crypto: list of compliant coins & tokens in 2024

ISO 20022 crypto: list of compliant coins & tokens in 2024

16 Oct 2024 ◦ 9 min read
Financial institutions and systems worldwide are working to simplify data exchange , making international transfers faster, more organized, and cost-effective. Cryptocurrency platforms face similar challenges, especially in achiev
The world's fastest-growing crypto markets

The world's fastest-growing crypto markets

27 Sep 2024 ◦ 14 min read
Cryptocurrencies are no longer perceived as a daring technological innovation and have become an integral element of the global financial system. However, geographically, the demand for this means of payment is uneve
How close are we to CBDCs (and what it means for crypto)

How close are we to CBDCs (and what it means for crypto)

11 Sep 2024 ◦ 9 min read
The conversation around Central Bank Digital Currencies (CBDCs) is heating up as various countries explore the future of money. With central banks investigating the potential of issuing digital forms of their n
The long way to wider crypto adoption

The long way to wider crypto adoption

31 Aug 2024 ◦ 9 min read
Over the past year, the adoption of cryptocurrencies has increased significantly, and digital assets are no longer merely a means for trading and investing . Cryptocurrencies are increasingly infi

Tags

Adoption

Recent posts

Chasing the dollar: will Shiba Inu coin reach $1?
How to borrow money from Cash App
How to delete a Cash App account?
SolScan overview: a comprehensive guide to tracking the Solana blockchain

BTC  to ETH : best rates

btc-icon
btc
0.1