The real question regarding bitcoin investment and use case is where can you spend bitcoin? Many people are turning to local exchanges, which allow users to purchase small and large amounts of digital currency with cash. Here is the Quick guide to invest bitcoin for a smoother trading experience with the best trading techniques.
The most popular cities for bitcoin are New York City, San Francisco, and Seattle. For those who want to dig deeper into the history of bitcoin, here’s a list of some other cities that have become hotspots by owning the maximum number of bitcoin A.T.M.’s in their own right.
1. San Francisco:
Founded in 1971 and home to the high-tech industry, San Francisco has a unique culture and history. B.A.T.M.A.’s have been a part of the city since they first opened in 2011, bringing services to over 45% of its total population.
Significant companies like Coinbase, Bitpay and Ripple have made their homes in S.F., meaning that besides being one of the most popular cities for bitcoin A.T.M.’s, there are many companies offering bitcoin services for exchange with cash. The number of bitcoin A.T.M.’s in this city is 437.
2. New York:
With the largest population in the U.S., it is no surprise that most bitcoin A.T.M.’s are located in this bustling city. With over 12,000 taxis using meters that only allow for payment via credit or debit cards, companies like Coinsource have made their way into N.Y.C. by allowing users to purchase small sums of bitcoin with dollar bills and cash directly from their services. The total number of B.T.M.’s in New York is 600, with an estimated 30-40% of the total population living within reach of these A.T.M.’s.
3. Austin, Texas:
Known as a hub of innovation and tech, Texas has been a hotspot for bitcoin A.T.M.’s since its inception. Austin leads the way in this field by offering the most B.T.M.’s per capita than any other city in the U.S. Along with their growth; they offer services internationally in Mexico, Brazil and Japan. Bitcoin mining operations have correspondingly driven up the installation of more bitcoin A.T.M.’s in the city. The number of bitcoin A.T.M.’s have shot up in Texas subsequent bitcoin ban in china.
Being the home of British Columbia, Vancouver is one of the hubs for bitcoin, which is proliferating. Despite being the largest city in Canada, Vancouver is witnessing a budding bitcoin community as more companies seek to take advantage of the digital currency. BTMLabs have installed 221 ATMs across the city to stay ahead of regulations.
The largest city in the Netherlands besides Amsterdam has seen a massive increase in the number of bitcoin A.T.M.’s in recent years. With the current value of bitcoin reaching its all-time high, more and more people are seeking to invest in cryptocurrency, pushing up the demand for B.T.M.’s across the world. Although not as popular as in other areas, tourists and those seeking to buy and sell bitcoins with cash still flock to bitcoin A.T.M.’s when they visit Amsterdam.
With many users worldwide looking to spend their bitcoins on everyday items and services, it should be no surprise that local exchanges will continue growing at an exponential rate.
6. El Zonte, El Salvador:
The Central American country has become home to 140 bitcoin A.T.M.’s since 2013. In addition, El Salvador is one of the few countries that has also seen an increase in overall bitcoin adoption, as the country is ranked 95 on CoinDesk’s global bitcoin map.
7. Buenos Aires, Argentina:
The capital of Argentina is home to 20 B.T.M.’s, and over 80% of the population living in this region can walk up to an A.T.M., making it one of the most accessible cities to spend your bitcoins. Due to its prevalence as a destination for business and tourists alike, Argentina has seen massive growth in the number of A.T.M.’s and businesses accepting bitcoin (like BitPagos).
Singapore is one of the countries that has become extremely popular with bitcoin merchants, thanks to its focus on education and its role as a global financial center. With many companies accepting bitcoin, consumers have easy access to purchasing bitcoins with cash and receiving support whenever they need it.
9. Hong Kong:
Although it’s not surprising to see the massive adoption of cryptocurrency in Hong Kong and China, it’s become one of the top cities in terms of the number of bitcoin A.T.M.’s, with over 50 units available for those seeking to use their digital currency in everyday life.
The Spanish city has seen an increase in the numbers of A.T.M.’s, going up from 6 in 2013 to over 110 as of 2014. As a result, the city is becoming a hub for companies offering bitcoin exchange services, making them the perfect place to spend your bitcoins whenever you’re traveling or visiting friends and family within the region.