crypto

The Top Five Crypto ATMs

The Top Five Crypto ATMs

Crypto ATMs are growing in popularity as numerous manufacturers have helped make these machines much more accessible.


There are now more than 4,500 cryptocurrency dispensing ATMs worldwide located in 77 countries. There’s also a slew of producers who build these devices, enabling anyone to purchase one or more machines in order to sell crypto locally.
Starting a crypto ATM operation is not easy as the entrepreneur must come up with capital for the cost of the device(s) and they have to be able to maintain the ATM as well. More to the point, people thinking about purchasing a bitcoin ATM should consider the laws where they reside and make sure it is okay to deploy a money transmitting device in the region.
Finally, the crypto ATM has to have a decent location where it will see plenty of foot traffic and visitors.
You can’t just install a crypto ATM wherever you please as operators usually make deals with bars or convenience stores so the machine rests in a busy area. Only once these matters have been determined is it possible to begin shopping for the perfect crypto ATM.

The World’s Top Crypto ATM Providers:

Lamassu

Israel-based company Lamassu has been a well known cryptocurrency ATM manufacturer for years.

The firm was the first to create a two-way ATM that allows people to not only purchase cryptocurrencies like bitcoin but sell the virtual assets as well.

Lamassu currently manufactures four different models: the Douro II ($5,887), the Sintra Forte Cryptomat ($10,084), the Sintra two-way ($8,509), and the recently launched Gaia ($4,183).

 Crypto ATMs
The Lamassu Gaia series.

Lamassu calls the Gaia a “bare bones cryptomat” that still uses high-end components that are manufactured in the same Portuguese facility as the co’s other models. As far as local fiat currencies, Lamassu ATMs support nearly every major currency in the world and the currencies can be configured before shipping. At the moment Lamassu machines also support LTC, BCH, BTC, ZEC, DASH, and ETH. According to the data site Coinatmradar.com, Lamassus can be found at 437 different locations.

General Bytes:

General Bytes has been selling cryptocurrency ATMs since 2015 and is one of the most popular device makers worldwide. The Prague-based company has machines in more than 60 countries and was the first ATM provider to add near field communication (NFC) technology to its products.

Coinatmradar.com says that there are roughly 1,394 General Bytes machine locations.

General Bytes Batm Two machines.

The company has two machines for sale: the Batm Two and the Batm Three. The Batm Two can be purchased in two options: the ‘classic’ ($3,259) and the ‘large’ ($3,999). The Batm Three series can be bought in four different models that range in price between $7,599 and $9,599 and that does not include accessories. General Bytes machines accept nearly every major fiat currency and 50+ cryptocurrencies are also supported.

The General Bytes Batm Three machine with NFC support.

Genesis Coin:

Genesis Coin is another popular machine used by a wide range of cryptocurrency ATM providers. The company sells two models: the Genesis 1 two-way machine ($14,600), and the smaller Satoshi 1 model ($6,900) which can be configured to a two-way device.

Each machine delivered has a lead time of 7-14 business days. Genesis 1 comes with features like a bill validator, barcode scanner, thermal printer, EMV card reader, optional fingerprint reader, as well as a high definition camera.

The Genesis 1 machine is pretty big, measuring 30″ wide, 24″ deep, 56″ tall and weighs about 300 lbs. The smaller Genesis machine the Satoshi 1 measures only 18″ wide, 23″ deep, 65″ tall and weighs roughly 295 lbs. According to Coinatmradar.com, Genesis machines can be found in 1,483 locations.

The Genesis 1 and Satoshi 1 models manufactured by Genesis Coin.

Bitaccess:

Canadian blockchain company Bitaccess offers a few different services but also manufactures cryptocurrency ATMs.

The co offers two types of models: the Btm C ($6,000), and the Btm SE ($8,000). The Btm C is an entry-level model two device with a 19” touchscreen and customers must order a minimum of two machines. The special order Btm SE is a high-security configuration that’s ideal for large deployments, explains Bitaccess.

These machines allow support for a variety of fiat currencies, but the Btm C and the Btm SE support BTC, LTC, BCH, ETH, ZEC, and a few other coins.

Currently, Bitaccess ATMs can be found in 259 locations worldwide.

Sumo ATM or Bitxatm:

Sumo ATM (Bitxatm) is a popular machine provider that sells two types of product series: Sumo ATM V.4S ($6,694), and the White Label ($55,579). The V.4S series is made from industrial-grade components and the design makes it easy to fit into small places.

According to Sumo, the plug and play setup process is easy and takes only 20 minutes to set up. Sumo ATM V.4S allows for the use of a variety of cryptocurrencies including BTC, LTC, BCH, ETH, and XMR.

Sumo ATMs (Bitxatm) are different looking to traditional crypto dispensing machines and take up less space.

The White Label series really isn’t a different model; rather, it’s an order of ten Sumo ATM V.4S being sold for a bulk rate.

With the White Label deal, people who purchase the package get to include their logo on the background, feature personalized menus and interactive elements, use specially designed paper rolls, or support multiple resellers and currencies. There are 59 locations across the globe that host Sumo machines.

CBNN

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