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Australia is now ranked number three among the countries with the largest number of <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> ATMs.

Currently, the number of ATMs that Australia has supasses that of Asia. 

Crypto ATMs increase the financial inclusion of people around the world.

The crypto friendly regulatory environment in Australia has led to a rise in the adoption of cryptocurrencies. 

**Keywords**: Price of <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a>, popularity of <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a>, crypto in Australia, <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> ATM market, market growth in Australia, crypto ATM, cryptocurrency machine
## Introduction 
The cryptocurrency market has been increasing over the years with the creation of more tokens and coins. Also, each year many people adopt the use of cryptocurrencies as they become more popular than before.

The increase in demand for cryptocurrencies has resulted in establishment of many crypto or <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> ATMs. The United States, Australia and Canada are the top three countries in terms of the number of ATMs installed. 
## The growing popularity of <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> 
Cryptocurrencies like <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> have a great impact on the financial sector. They have challenged traditional financial institutions like banks, investment platforms and payment processors which rely on third parties in executing their mandates. 

Nevertheless, <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> and other cryptocurrencies enable peer-to-peer financial transactions as they do not need intermediaries. They are also convenient to use as one only needs a digital wallet to make transactions. Individuals, therefore, send their <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> or other cryptocurrencies directly from digital wallets to other people. 

Payment using <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> is also cheaper than using financial institutions like payment processors. This makes it very easy for individuals to purchase goods and services online. In addition, cryptocurrencies ensure that payments to ecommerce stores are secure and transparent. 

Furthermore, there are many people and institutions that accept <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> and cryptocurrencies as means of payment. The acceptance of <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> as a legal tender in El Salvador has encouraged many people to use it as they have confidence that other countries may follow suit. 

The fact that many countries are planning to introduce their central bank digital currencies (CBDCs) gives many people the hope that some nations will accept cryptocurrencies like <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> as legal tenders. 

Read also: [What is bitcoin dominance and how does it affect investor portfolios?](https://www.gate.io/blog_detail/1732/what-is-bitcoin-dominance-and-how-does-it-affect-investor-portfolios "What is bitcoin dominance and how does it affect investor portfolios?")

Currently, low accessibility of cryptocurrencies slows down their adoption. If many people have the technical resources such as smartphones to access cryptocurrencies they will likely use them in their daily lives. Financial literacy is also important to enable many people to adopt cryptocurrencies. 

Developers can also help in increasing the accessibility of cryptocurrencies through developing user-friendly interfaces for people to transact in digital assets. Some people fail to use cryptocurrencies because they cannot navigate crypto platforms such as exchanges and digital wallets. 
## What are <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> ATMs? 
<a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> ATMs (BTMS), also called crypto ATMS, are machines that enable individuals to purchase [and sell cryptocurrencies](https://www.gate.io/blog_detail/1859/the-best-ways-of-selling-cryptocurrencies "and sell cryptocurrencies"). For instance, people can <a href="/how-to-buy/bitcoin-btc" target="_blank" class="blog_inner_link">buy Bitcoin</a> using credit or debit cards. 

The <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> ATMs work in the same ways as the traditional bank ATMs except that they allow people to buy and sell their cryptocurrencies. However, these crypto ATMs have limits on the cryptocurrencies that people can buy and sell. In other words, you may not be able to buy or sell certain cryptocurrencies using the ATMs. 
![](https://gimg2.gateimg.com/image/article/16833429901.png)
<a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> ATM - Easycrypto
## The significance of <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> ATM
The demand for crypto ATMs has increased due to the popularity of <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> and other cryptocurrencies. Basically, the crypto ATMs give an alternative means of buying and selling <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> and other cryptocurrencies which make them more accessible to the users. 

These ATMs are also useful to people who do not have access to traditional banking services. As such, the ATMs enable individuals to convert their cash to <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a>. Transactions using Crypto ATMs are faster than most traditional payment methods. For instance, it is faster to <a href="/how-to-buy/bitcoin-btc" target="_blank" class="blog_inner_link">buy Bitcoin</a> using an ATM than using banking services such as credit cards or wire transfer.  

Read also: [Why AI Focused Cryptocurrencies are Outperforming Bitcoin?](https://www.gate.io/de/blog_detail/2239/ai-focused-cryptocurrencies-outperforming-bitcoin "Why AI Focused Cryptocurrencies are Outperforming Bitcoin?")

The crypto ATMs are more accessible than the traditional banking services when purchasing and selling cryptocurrencies. As an example, people can use the ATMs 24 hours per day which is not possible with most traditional payment systems. 
![](https://gimg2.gateimg.com/image/article/16833430342.png)
Crypto market in Australia. Source: Newcastle Herald
## Australia has surpassed Asia in <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> ATM numbers
Australia with 364 <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> ATMs has overtaken Spain, with 222 machines, into third place. Incidentally, Australia got into the fourth place in January 2023.

The data on [Coinatmradar](https://coinatmradar.com/charts/geo-distribution/ "Coinatmradar") shows that the United States with 33,387 ATMs is the top ranked country in terms of the number of <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> ATMs it has, followed by Canada with 2,556 ATMs. 

In the last three months of 2022 Australia established 99 crypto ATMS before adding 16 more in 2023. On the other hand, Spain has lost 4 <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> ATMs in 2023 while El Salvador, ranked number five, has not installed any new machines. 

It is also essential to note that Asia with countries like China, Japan, Singapore and India has only 355 crypto ATMs, about 1% of the total cryptocurrency machines in the world. 

At the beginning of 2023, there were over 38,000 <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> ATMs worldwide, an increase of over 33,000 ATMs since 2019. Therefore, with such a large number of crypto machines in the world many people are able to access cryptocurrencies in a more convenient manner than before. 

Unlike Australia which has been installing crypto ATMs during the last eight months, most European countries as well as the United States have been reporting a decrease in the number of crypto machines they have. Sadly, the reason why most Asian countries are lagging behind in the number of crypto ATMs they have is the hostile attitude towards cryptocurrencies by some nations like China and India. 
### Factors driving the growth of Australia’s crypto ATM market
As we have noted, Australia has been adding crypto ATMs during the last eight months. The country’s favourable crypto regulations have promoted the increase in <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> ATMs and the adoption of cryptocurrencies in the country. Due to ATMs which are spread across the country, crypto in Australia is accessible to many people
### How the increase in crypto ATMs in Australia affects the cryptocurrency market?
The increase in the <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> ATM market in Australia enables many people to adopt cryptocurrencies. This is because the individuals who are not able to access cryptocurrencies using other platforms such as crypto exchanges [can buy and sell them using the ATMs](https://www.gate.io/hot_news/detail/7/available-ways-to-buy-bitcoins "can buy and sell them using the ATMs"). 
![](https://gimg2.gateimg.com/image/article/16833431073.png)
One can <a href="/how-to-buy/bitcoin-btc" target="_blank" class="blog_inner_link">buy Bitcoin</a> at ATMs- Yahoo

Also, these crypto machines give room to the unbanked population of the world to have an alternative financial system. For example, people who do not have internet services can make use of the ATMs to access cryptocurrencies and use them more often. 

In addition, the ATMs help people who do not have the appropriate gadgets such as desktops and smartphones to access cryptocurrencies. Therefore, <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> ATMs increase financial inclusion to several classes of the population such as people who cannot use the traditional banking services. 
## How crypto ATMs can help bridge the gap between TradFi and the crypto ecosystem
As discussed earlier on, people can use ATMs to cash out their cryptocurrencies. This means that they can easily access fiat currencies when they use the ATMs. In addition, there are cases where ATM providers allow the users to pay their bills using cryptocurrencies. In fact, they convert cryptocurrencies to fiat money.  
## Current state of the crypto market
There is crypto market growth in Australia which is in line with the rest of the world.This is particularly so because the values of the major cryptocurrencies have increased significantly since the beginning of 2023. For example, the [price of bitcoin](https://www.gate.io/price/bitcoin-btc "price of bitcoin") increased by around 80% since the beginning of the year. Similarly, the global crypto market capitalization has surpassed $1.4 trillion, showing positive gains by many cryptocurrencies. 

The collapse of big banks like Silvergate, Silicon Valley Bank and Signature Bank has given the crypto market hope that the Federal Reserve will pause its aggressive monetary stance. Also, the collapse of these banks has shown the importance of having an alternative financial system in the form of decentralized finance. 
## Conclusion
Australia has surpassed Asia in crypto ATM numbers following its installation of 16 more machines earlier this year. However, the United States and Canada, that jointly own 94.4% of the global crypto ATMs, are the two countries that lead in terms of ATM numbers. There is a high expectation, however, that many countries will increase the number of crypto machines they have in 2023. 


<div class="blog-details-info">
<div>Author:** Mashell C.**, Gate.io Researcher
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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Australia, the United States and Canada are the three countries with the highest number of ATMs. Recently, Australia, which became the third ranked country in terms of the number of ATMs, installed 16 more machines to take its tally to 364.

Australia Surpass Asia in Bitcoin ATM Numbers: A Buoyant Crypto Market