Australia has experienced continuous monthly growth in Bitcoin ATMs for over two years, placing the country on track to surpass Europe in total Bitcoin ATMs. According to data from Coin ATM Radar, Australia now has 1,359 Bitcoin ATMs, representing 3.5% of the global total and securing its position as the third-largest network worldwide.
Australia Nears Europe in Bitcoin ATM Count
With 1,660 Bitcoin ATMs, Europe currently holds a narrow lead over Australia. If Australia’s growth trend continues, it could surpass Europe to become the third-largest crypto ATM network globally, trailing only the United States and Canada.
- Australia’s Bitcoin ATM Count: 1,359
- Europe’s Bitcoin ATM Count: 1,660
- Total Global Bitcoin ATMs: 38,753
The Global Bitcoin ATM Landscape
The United States dominates the crypto ATM market with a staggering 31,516 Bitcoin ATMs, accounting for 81.3% of all machines worldwide. Canada follows with 3,027 ATMs, comprising 7.8% of the market. Combined, the North American region houses over 90% of global crypto ATMs.
- Oceania (including Australia): 4% of global ATMs
- Europe: 4% of global ATMs
- Asia: 0.9% of global ATMs
Rising Risks: Bitcoin ATM Scams
The increasing number of Bitcoin ATMs has also drawn the attention of scammers. The US Federal Trade Commission (FTC) warned of a surge in fraud involving Bitcoin ATMs, citing losses exceeding $110 million in 2023. Scammers exploit the anonymity and speed of Bitcoin transactions, often targeting the elderly and vulnerable users.
In response, US lawmakers have urged top crypto ATM operators to implement stronger anti-fraud measures and protect users from such schemes.
Australia’s steady growth in Bitcoin ATMs highlights the nation’s growing adoption of cryptocurrency. As it edges closer to overtaking Europe in total ATMs, Australia solidifies its position as a global hub for Bitcoin access. However, with this growth comes the challenge of mitigating fraud—a critical area for improvement as the global Bitcoin ATM market expands.
