Australia is soaring up the crypto ATM charts: What does this mean for current crypto traders?

Australia is quickly making its mark in the crypto ATM industry, as both major cities and rural areas are now getting access to cryptocurrency ATMs. This trend indicates a growing interest in cryptocurrencies by Australians, with an increasing number of people taking advantage of the convenience these machines offer for buying and selling digital coins. Traders looking to get involved need to understand what this development means for them, which is exactly what this blog post will explore. We’ll take a look at how Australia’s popularity in cryptocurrency ATMs could influence trading strategies and provide tips on what traders should know before entering the market. With more information about the current trends around Australia’s presence in the crypto world, you can give yourself an edge when it comes time to make Cryptocurrency trades!

Australia has surpassed Spain and now stands in third place worldwide with a total of 234 cryptocurrency ATMs.

In spite of the slowing global demand for Bitcoin ATMs and the ongoing bear market, Australia is continuing to break records by reaching an unprecedented level of cryptocurrency ATM installations. Moving up from 4th on the charts in early January to 3rd worldwide, this nation managed to add 16 new machines within a short period!

Astonishingly, recent reports from Coinatmradar show that Australia now has a total of 234 crypto ATMs. This has propelled the country to 3rd place in the world right behind the United States and Canada! It only took three weeks for Australia to surpass Spain’s previously leading 222 crypto ATMs.

Australia’s crypto ATM landscape is rapidly evolving, with a remarkable 99 new machines installed in the last three months of 2022. This trend continued into this year, with 16 additional ATMs being deployed since January 1st alone – compared to Spain who have lost four and El Salvador not having any recorded installations so far. It is clear that Australia has become a major player in creating dynamic cryptocurrency opportunities for people around the world!

In comparison to Australia, Spain, and El Salvador, the United States boasts an incredible 33,387 crypto ATMs —a figure that accounts for 86.9% of all machines worldwide. If you couple this with Canada’s 2,556 crypto ATMs then the two countries combined own a remarkable 94.4% share of all crypto ATMs on Earth!

The year 2022 was a tumultuous one for the crypto ATM industry, as geopolitical tensions and an extended bear market resulted in an extreme dip in installations. Only 94 Bitcoin ATMs were added to the global network between July and December of that same year- a drastic contrast from 4,169 installs during January through June.

Last month, the city of Coolangatta in Australia was given an exciting new Bitcoin ATM with Lightning Network capabilities! This latest addition works much like a traditional crypto ATM but features significant time-saving benefits due to its layer 2 design. Furthermore, it is capable of allowing users to purchase even the smallest fractions of BTC – something that has been missing from other ATMs until now.

Overall, Crypto ATMs could have a significant impact on how people trade cryptocurrency. They provide easy access to cash, which could make it easier for people to buy and sell crypto. In addition, they also offer tips on what traders should know before entering the market. These tips can help novice traders avoid some of the common mistakes that are made when trading cryptocurrency.

Staying on top of your cryptocurrency taxes has never been easier thanks to Crypto Tax Calculator Australia. We are dedicated to helping you calculate your profits and losses so that you can stay informed and up-to-date about your taxes. With our easy-to-use calculator, you can rest assured that you are doing everything possible to stay compliant with the ever-changing landscape of cryptocurrencies. So what are you waiting for? Get started today and see how much you could save!