The rate at which Bitcoin ATMs are popping up everywhere in the US and many other countries leaves no doubt about bitcoin’s growing adoption and usage across the globe. Currently, there are in excess of 4,700 units located all over the world. Of course, the bulk of them are here in the States, concentrated in a few states.
This article is meant to shine a light on the states with the highest number of bitcoin ATMs. Please note that this information is accurate as of the time this article was published.
Illinois Leads the Charge with 360 Cryptocurrency ATMs
The state of Illinois leads the pack with 360 Bitcoin ATMs. 237 of these machines are located in the Greater Chicago area alone.
The rest are spread across the state in counties and cities like Springfield, Naperville, Evanston and Peoria. Illinois is a total hotbed for bitcoin ATMs, as it the policies there are friendly to crypto and bitcoin companies.
Boardwalk’s New Jersey
Located to the south of New York and home to Atlantic City, New Jersey comes second with 177 bitcoin ATMs. These machines make it possible to exchange cash for bitcoin and vice versa.
Of course, this implies that there’s a huge market for this in the state. One of the reasons these ATMs have flourished in the state is the favorable business climate backed by crypto-friendly policies.
It appears that the bulk of bitcoin ATMs are concentrated in Newark. One would think you’d find them in Atlantic City though. But, the city has just one bitcoin ATM.
This means that the famed Atlantic City has less machines than smaller and less popular places like Freehold and Deptford Township. Of course, this means that more machines can be set up in places without one if the companies are willing to do so.
Big Apple’s New York City
Surprisingly number 3 on the list, New York’s most populous city trails behind NJ with 125 machines. This means that NJ has 55 more bitcoin ATMs than NYC. You’d think the city, because of its popularity and thriving tech scene, would lead the pack. But that’s not the case.
Anyway, all 125 bitcoin ATMs are located in only NYC. There’s just two more in the surrounding towns and cities within the state –more specifically one each in Sunnyside and Rosedale.
However, upon closer inspection, one can see why NYC doesn’t have as many Bitcoin ATMs. The city has passed some unfriendly polices and guidelines that do not favor crypto and bitcoin related activities.
As a result, bitcoin ATM companies have to jump through so many hoops just to stay afloat and survive in the city.
Lone Star Texas
This state with abundant sunshine trails NYC and is on the list of cities with the most bitcoin ATMs. The economy and business climate there is very crypto friendly. This is why we’re seeing a growing number of bitcoin ATMs, particularly in Houston, Dallas and Austin.
There are about 24 each in those three cities. And San Antonio has about 12 bitcoin ATMs, while other cities like Rockwall, Fort Worth, Amarillo and Corpus Christi have at least one each.
What this means is that the big cities serve as the major bitcoin ATM hubs, while the smaller ones get a few machines each. Because of the state’s favorable policies, we’re likely to see considerable growth in the number of bitcoin ATMs in the years to come.
Home to the popular cities of Miami, Fort Lauderdale, Orlando, Tampa and Jacksonville, Florida has become a hotbed for bitcoin ATMs and crypto related activities as a whole.
There are hundreds of these machines all over Florida, with the bulk found in Miami. Popular cities such as Orlando, Tampa and Jacksonville have tens of these machines installed across the multiple cities.
Smaller places like West Palm Beach, Fort Lauderdale, Miami Beach and Fort Myers have about 5 of these machines each.
The Golden State of California
In California, the main places you’ll find bitcoin ATMs are Los Angeles, Sacramento, San Diego and of course, San Francisco. These are the main hubs for all blockchain, crypto and bitcoin-related activities in the state. The good news is, even though all these major cities have many of these machines, the other 36 cities have a minimum of one each. Considering California’s size, this is a huge feat for these bitcoin ATM companies.
The hub of bitcoin ATMs in the state in Atlanta. The city has the bulk of the machines. Other smaller cities, suburbs and smaller areas like Savannah, Trenton, Augusta, Athens and Columbus has 1 or more of these machines available.
While this looks promising particularly for the economy down south, the truth is only time will tell if the innovative technology will thrive and grow to its fullest potential here.
The bulk of Michigan’s 127 bitcoin ATMs are concentrated in Detroit. The city alone is home to 120 of these machines, while the other 7 machines are Lincoln Park, Lake Orion and Grand Rapids.
With Detroit currently coming out of bankruptcy and the economy struggling to find its feet, it might be a while before we see bitcoin ATMs be in full use. That said, we can only keep our fingers crossed.
In the meantime, if you live in Detroit, Michigan and need to exchange bitcoin for cash and vice versa, there are a ton of bitcoin ATMs that you can use.
This state is home to almost 130 bitcoin ATMs, with the bulk of them concentrated on its biggest city, Philadelphia.
“Philly” is currently home to 96 of these machines. Other cities such as Pittsburgh has 11, Harrisburg has 7 and Allentown has just 5. The remaining 10 machines are distributed among 10 other cities in the state.
- Source: First Appeared Here
- Published Time: 2019-06-01 20:13:42
The views and opinions expressed in the article A List of the States in the USA with the Highest Number of Bitcoin ATMs do not reflect that of 48coins, nor of its originally published source. Article does not constitute financial advice. Kindly proceed with caution and always do your own research.
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