Top 5 Bitcoin hubs in the world

If you are wondering where it is easy (or possible) to buy something with Bitcoin, you have come to the right place. According to Investopedia, around 15,000 companies around the world accept cryptocurrency payments. Of these, just over a tenth are in the United States.

To compile a list of the world’s top Bitcoin hubs, Investopedia looked at the size of the population relative to Bitcoin activity, the number of Bitcoin ATMs available, and the number of merchants accepting it in each city. Here are five major cities for Bitcoin adoption.

1. Vancouver, Canada

The Canadian government is among the few in the world to have taken regulatory action to embrace rather than restrict the promising virtual currency. Bitcoin has a strong community in the North American country, but nowhere is it stronger than in Vancouver, a city of about 630,000 people.

Over 50 vendors in Vancouver and the greater region accept Bitcoin. There are 221 places in the city where you can buy Bitcoin. The world’s first Bitcoin ATM was here at Waves Coffee House, established in 2013.

On a less positive note, Vancouver was also home to QuadrigaCX, a now inactive cryptocurrency exchange that lost C $ 180 million in client funds after the alleged death of its founder.

2. San Francisco, United States

Unsurprisingly, America’s tech capital is on this list. It is not only home to global exchanges like Coinbase and Kraken, but also hundreds of traders who accept Bitcoin, from shops and inns to restaurants and bars. The Bay Area alone has 437 Bitcoin ATMs, 65 of which are in the city of San Francisco. Considering its population is less than a million, that’s pretty impressive!

3. Amsterdam, Netherlands

BitPay is headquartered here in Europe, as is mining hardware maker Bitfury. Amsterdam is quick to embrace new trends. There are dozens of places to spend Bitcoin here, including coffee shops, barbers, and bike repair shops. There are about five ATMs for the city’s 840,000 residents. Merchants in other Dutch cities also accept crypto, including Utrecht and Rotterdam.

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4. Tel Aviv, Israel

19 merchants in Israel’s financial center accept Bitcoin. The population, which is less than half a million, has seven Bitcoin ATMs. The city’s Bitcoin Meetup group, with over 4,000 members, is one of the most active in the world.

5. Ljubljana, Slovenia

This small town has around 200 merchants who accept Bitcoin and eleven ATMs. Bitstamp was founded in Slovenia.

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About John McTaggart

John McTaggart

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