How Many Businesses Accept Bitcoin? 39 Statistics

jordan tuwiner, founder of buybitcoinworldwide.com
by Jordan Tuwiner · September 19th, 2022

Approximately 15,174 businesses worldwide accept Bitcoin.

We've put together a roundup of bitcoin acceptance statistics related to:

  • How many companies accept bitcoin?
  • What percentage of stores accept cryptocurrency?
  • How many retailers accept BTC?
  • How many places accept bitcoin?
  • How many merchants accept BTC?
  • Much more

Let’s see some stats!

Key Bitcoin Acceptance Statistics:

  1. Around 15,174 businesses worldwide accept Bitcoin. Aronud 2,300 of those businesses are located in the U.S.
  2. Microsoft is the largest U.S. company that accepts Bitcoin.
  3. The top five industries that accept Bitcoin are the Gambling, Tourism, Banking, Food, and Retail industries.
  4. As of April 2022, there are 36,659 Bitcoin ATMs available in the U.S.
  5. 28% of American small businesses accept cryptocurrency as payment, as of 2020.
  6. There were around 260,000 Bitcoin transactions per day in the U.S., as of May 2022.
  7. Up to 40% of customers who pay for goods and services with Bitcoin are new customers who spend twice as much money as credit card users.
  8. In the U.S., more than $1 million is spent everyday on goods and services with Bitcoin.

Important Bitcoin Acceptance Statistics

Here are the most important facts about the current state of Bitcoin acceptance that you should know.

Key Bitcoin Acceptance Stats & Facts

Statistic Data
# Of Businesses That Accept Bitcoin 15,174
Largest BTC Accepting Company Microsoft
Top BTC Accepting Industries Gambling, Tourism, Banking, Food, and Retail
# Of U.S. BTC Accepting Businesses 2,300
# Of Bitcoin ATMs In The U.S. 36,659
U.S. Daily Spending With Bitcoin $1 million

Around 15,174 businesses worldwide accept Bitcoin.

The number of businesses that accept bitcoin is increasing every year, and around 2,300 of businesses which accept bitcoin are operating in the U.S.

how many businesses accept bitcoin worldwide

Approximately 2,300 businesses accept Bitcoin in the U.S.

Of the companies that accept Bitcoin in the U.S. the most noteworthy include Microsoft, ATT, Burger King, Subway, and KFC.

how many businesses in the usa accept bitcoin

There are 36,659 Bitcoin ATMs available in the U.S.

That's a very large increase from just the previous year. The number of installed ATMs increased from 14,038 machines to 34,219 from January 2021 to January 2022. That's an increase of 144% in the number of Bitcoin ATMs installed in just one year.

Major retailers, such as Walmart, play a big part in the growth in installed Bitcoin ATMs. In fact, they have plans to add another 8,000 Bitcoin ATMs during the upcoming years.

how many bitcoin atms are in the usa

Microsoft is the largest company that accepts Bitcoin in the U.S.

Microsoft is worth more than $300 billion, and is definitely the largest U.S. company that accepts BTC.The second largest is ATT, which is worth $266 billion.

biggest company in the usa that accepts bitcoin

More than $1 million is spent everyday on goods and services with Bitcoin in the U.S.

The amount of money spent on goods and services with Bitcoin is increasing every year. This is likely due to the increased awareness of Bitcoin in our country.

daily spending in the usa with bitcoin

Top Industries For Bitcoin Transactions

You might be surprised when you find out which industries have the highest bitcoin acceptance rates. Read on to find out.

The industries that accept Bitcoin the most are the Gambling, Tourism, Banking, Food, and Retail industries.

Believe it or not, 50% of all Bitcoin transactions are in online games. What's even more shocking is many online casinos encourage the use of Bitcoin.

Binance is the largest Bitcoin marketplace.

Binance gets almost 32 million visits per week, with around 1,538 active markets. The company plays a large role in Bitcoin exchanges and transactions.

largest bitcoin marketplace is binance

The Information Technology Industry has more than two-thirds (66.8%) of all Bitcoin holdings.

While this industry isn't responsible for the most BTC transactions, it does have the most BTC holdings.

Top Locations For Bitcoin Transactions

This section will cover the top locations for Bitcoin transactions, according to the latest research.

California is the best state for cryptocurrency.

It's also the most crypto-ready state, and just behind it are New York, Washington, and New Jersey.

All of the states listed above have high Google Trends and crypto-ready scores. Therefore, you can expect those states to continue having more crypto adoption.

New Mexico has one ATM for every 695,000 people, making it the state with the most Bitcoin ATMs per person.

Relative to its population, New Mexico actually has the most BTC ATMs. Interestingly, California and Texas combined have 35% of the US's Bitcoin ATMs, but New Mexico still strongly holds the top spot.

state with the most bitcoin atms per person

San Francisco is the #1 city for Bitcoin transactions.

This city is home to some of the largest crypto platforms like Coinbase and Kraken. It also has 437 bitcoin ATMs which thousands of people use frequently.

City Rank For BTC Transactions
San Francisco #1
Vancouver #2
Canada #3
Amsterdam #4
Netherlands #5

The U.S. is the country that trades the most Bitcoin.

The U.S. has 22.77% of the world's Bitcoin volume, which accounts to more than $1.44 billion in BTC. Other top countries are listed below

Country % Of World's Bitcoin
United States 22.77%
Russia 16.55%
United Kingdom 11.67%
China 9.83%

Worldwide Bitcoin Acceptance Over Time

More and more businesses, cities, and countries are beginning to accept and use Bitcoin. Bitcoin acceptance trends showed us that there are no signs Bitcoin usage will be slowing down. We've listed some important Bitcoin acceptance trends below:

Crypto exchange users grew from less than 1 million users in 2014, to over 20 million in 2018

The number of crypto exchange users only continues to grow as more people throughout every continent on earth learn about Bitcoin and its benefits.

Developing countries such as Vietnam and Nigeria have significant growth in crypto owners.

developing countries have more crypto users

Bitcoin deposits grew by 28% during 2021.

The increase in Bitcoin deposits corresponds with a 15.7% growth rate of global crypto users.

The result is there are more Bitcoin trades, deposits, exchanges, and awareness.

Number Of Bitcoin ATMs

The number of Bitcoin ATMs around the world is growing every year. In 2016, there were just 536 Bitcoin ATMs worldwide, and in 2021, there are 34,219. Major retailers like Walmart have plans to install thousands more Bitcoin ATMs over the upcoming years.

Number Of Bitcoin ATMs In The U.S. (2016-2022)

Year Bitcoin ATMs
2022 34,219
2021 14,038
2020 6,367
2019 4,107
2018 2,074
2017 968
2016 536

Frequently Asked Questions

Find answers to common questions people ask about Bitcoin acceptance.

Can a small business accept Bitcoin?

Yes, small businesses can accept Bitcoin and other cryptocurrencies. If you own a small business and want to accept crypto, there are a few steps you should follow:

  1. Create a branded cryptocurrency wallet.
  2. Sign up for a Bitcoin exchange such as Coinbase or Gemini.
  3. Add an easily accessible payment button/window to your website.
can small businesses accept bitcoin

Why do businesses accept cryptocurrencies?

There are a few major benefits for businesses that accept cryptocurrency.

  • Improved transaction fees - businesses that choose to use Bitcoin will deal with far fewer transaction fees than those who accept payments with credit cards, for example.
  • More sales possibilities - instead of dealing with large extra charges, international buyers will have just as much access as domestic buyers.
  • Protection for businesses - since Bitcoin is decentralized, it protects merchants from fraudulent chargebacks.

Do all businesses accept Bitcoin?

No, not all businesses accept Bitcoin, however, there are 15,174 around the world that do.

How widely accepted is Bitcoin?

Bitcoin is not widely accepted, as only a very small group of businesses accept bitcoin payments.

Conclusion

As more businesses accept Bitcoin, it will be more common for consumers to purchase goods and services with the leading cryptocurrency. Even today, there are 15,174 businesses around the world that accept Bitcoin, and around 2,300 of those are based in the U.S.

And to nobody's surprise, 28% of American small businesses now accept crypto.