Where was the first Bitcoin ATM installed?
The first Bitcoin ATM was installed on the 29th of October 2013 at the Waves coffee shop in downtown Vancouver, Canada. The machine was made by a company called Robocoin.
Questions about Bitcoin ATM
Short answers, pulled from the story.
What fees do Bitcoin ATMs charge in the United States?
Most US cryptocurrency ATMs charge transaction fees between 6.5% and 20%. Companies including Bitcoin Depot and Coin Cloud charged this fee against an exchange rate already set below the market rate, which functionally added an additional 20% fee on transactions.
Why did the UK ban Bitcoin ATMs?
In March 2022, the Financial Conduct Authority declared all cryptocurrency ATMs in the UK illegal. None of the operators had successfully registered with the FCA, which cited failures to comply with know your customer laws and high risk to customers from inadequate regulation.
How many Bitcoin ATMs are in the United States?
As of November 2025, approximately 28,000 cryptocurrency ATMs were operating in the United States. More than 16,000 of them were operated by three companies: Bitcoin Depot, CoinFlip, and Athena Bitcoin.
Why did Bitcoin Depot file for bankruptcy?
Bitcoin Depot filed for Chapter 11 bankruptcy protection in May 2026, citing a hostile regulatory environment and an unsustainable business model. The filing came as it ceased operations at more than 9,000 cryptocurrency ATMs.
Which US states have banned Bitcoin ATMs?
Minnesota banned the use of cryptocurrency ATMs in February 2026. Indiana was also considering a ban at that time.