In the past decade, there has been a dramatic increase in Bitcoin’s popularity. As a result, there has been an increase in infrastructure development and service providers. Additionally, there has also been the creation of more ways to buy and sell Bitcoin. One of the first tools that make Bitcoin available to the public is using Bitcoin ATMs.
Switzerland is one of the great places you can buy and sell Bitcoin, Litecoin, and other cryptocurrencies.
The Rise of Bitcoin ATMs
Crypto and Bitcoin ATMs give you the ability to buy and sell crypto instantly. The process is simple, fast, secure, and with low fees.
In simpler words, a Bitcoin ATM allows you to buy Bitcoin using a bank credit or cash. Visually, Bitcoin ATMs differ as some look like traditional ATMs, and others are built into a stand or a wall.
The installation of crypto and Bitcoin ATMs has grown exponentially over the years. In 2015, there were only 500 Bitcoin ATMs globally. However, there was a positive change in 2017, as the number rose to an impressive 2,000. As of January 2021, this number was standing at almost 15,000 machines. Over the past year, there has been a double of this number, with more than 38,000 ATMs globally.
Bitcoin ATMs are all over the world. However, the vast majority are in North America, with 83% in the US and Canada. Additionally, Europe ranks as the second most prominent area for Bitcoin ATMs access, with 3.8% of the market share. Asia ranks third with about 7%, Latin America falling to fourth with about 0.2%.
Besides, Bitcoin ATM comes into the space as one of the best and fastest ways to invest in digital crypto. There are countless advantages one gets when using the machine.
Benefits of Bitcoin ATMs
- Bitcoin ATMs provide the best security because no one can tamper with your transaction when using it. Using one is safer for every investor as the whole operation is between them and the machine.
- Bitcoin ATMs provide you with both speed and security.
- They are easy to use since all you have to do is follow a few simple and clear step-by-step processes.
- They offer flexibility and allow you to buy and sell crypto at any of your locations at any time.
Places You can Find Bitcoin ATMs in Zurich
1. iT-Spot and Salt Store Schlieren
The machine is located in Zurcherstrasse, Zurich, Switzerland, in the IT Spot and Slat Schlieren. It is a General Bytes type and supports coins like Bitcoin, Ether, Litecoin, and Monero. The machine supports CHF and EUR fiat. One can buy all the coins but only sell BTC and LTC for CHF.
2. Lochergut Kiosk
The machine is located in Meinrad Lienert-Strasse 31, Zurich, Switzerland. It is a General Bytes type and supports buying Bitcoin, Ether, Litecoin, and Monero. On the other hand, it supports the selling of Litecoin and Bitcoin. It supports the buying of CHF and EUR fiat but only allows the selling of CHF. The machine opening hours for weekdays are 6:00-0:00, Saturdays from 6:00-1:00, and Sundays from 7:00-22:00.
3. Goldy LIFY & thebams.ch
This Bitcoin machine is found in Badenerstrasse 657 in Zurich. It is a General Bytes ATM type and supports buying Bitcoin, Litecoin, Ether, and Monero. However, it only allows the selling of only bitcoin and Litecoin. It supports the selling of CHF and EUR fiat currencies but only the buying of CHF. The machine opens on Mondays from 11:30-22:00, Tuesdays from 14:00-23:00, Wednesdays to Fridays from 11:30-22:00, and weekends from 14:00-22:00.
4. Green Mango
The machine is located in Hohlstrasse 36, Zurich. It is also a General Bytes ATM type and supports buying Bitcoin, Ether, Litecoin, and Monero. It supports the selling of Bitcoin and Litecoin only. Besides, the machine supports the buying of CHF and EUR fiat currencies but only allows the selling of CHF. From Mondays to Thursdays, the machine opens from 9:00-2:00, on Fridays and Saturdays, from 9:00 to 2:00, and on Sundays, from 9:00 to 2:00.
5. House of Satoshi
It is in Langstrasse 136, Zurich. The ATM is of the General Bytes model, supporting buying Bitcoin, Ether, Litecoin, and Monero. However, the machine only supports the selling of Bitcoin and Litecoin. Additionally, it supports the buying of CHF and EUR fiat currencies but only supports the selling of CHF. On Mondays to Fridays, the operations open from 9:00-18:00, and Saturdays, from 9:00-16:00
6. Mobile World ZH Seefeld
The ATM in Seefeldstrasse 28, Zurich, is of the General Bytes type. It supports buying Bitcoin, Litecoin, Ether, and Monero while allowing the selling of only Bitcoin and Litecoin. On Mondays to Fridays, the operations open from 9:00-18:30, while on Saturdays, it opens from 10:00-17:00. It Has a daily limit of CHF 1,000 per person.
Operated by Bity SA, the machine is located in Kalkbreitenstr 69, Zurich. It is of the General Bytes type, allowing for buying Bitcoin, Litecoin, Ether, and Monero. The machine only allows a daily limit of CHF 1,000 per individual.
8. Spark Works
With operations by Vardex Suisse, the machine is located in Barengasse 16, Zurich. It is of the General Bytes type, allowing buying Bitcoin, Litecoin, Ether, and Monro. However, it only allows the selling of Bitcoin and Litecoin. It only allows CHF 1,000 per day for every individual and CHF 1,000/CHF 900 per transaction.
9. The Dolder Grand Hotel
The machine is operated by Vortex Suisse and in Hotel Dolder, in Kurhausstrasse 65, Zurich. It is of the General Bytes, allowing for buying Bitcoin, Litecoin, Ether, and Monro. However, it only allows the selling of Bitcoin and Litecoin. It only allows CHF 1,000 per day for every individual and CHF 1,000/CHF 900 per transaction.
Although Bitcoin Teller Machines have been around for quite a while now, the concept of its innovation remains to create some curiosity and suspicion.
The technology behind Bitcoin ATMs is still relatively young. As such, it is still continually improving alongside changes in security measures and regulations to abide by.