Kyiv hosts at least six Bitcoin ATMs, despite CoinATMRadar listing only 12 in Ukraine, indicating growing demand for cryptocurrency access.
With Ukraine moving toward legalizing crypto, the presence of Bitcoin ATMs is expected to expand, providing easier access to digital assets.
If you’re looking to buy Bitcoin in Kyiv using an ATM, you should first check the operator and type of machine you’re using.
There are approximately 30 different Bitcoin ATM models from 20 different manufacturers, each with slightly different processes.
Verification (Optional) – Some machines require ID verification before proceeding.
Provide Your Bitcoin Address – Enter your Bitcoin wallet address manually or scan a QR code. Some ATMs allow you to print a new wallet if you don’t have one.
Insert Cash – Place the desired amount of cash into the ATM.
Confirm Transaction – After confirmation, Bitcoin will be sent to your wallet.
The verification process varies by operator. Some ATMs require phone number confirmation, while others allow anonymous transactions up to a certain limit.
Some Bitcoin ATMs also support sell transactions, allowing users to exchange Bitcoin for cash.
Verification Step – Most sell operations require ID verification.
Send Bitcoin to the ATM’s QR Code – The ATM generates a QR code; users must send Bitcoin to this address.
Receive Cash:
Instant Cash: Some ATMs dispense cash immediately for smaller amounts.
Delayed Cash: Others require users to wait for blockchain confirmations before cash is released.
Bitcoin ATM brands that typically support sell operations include:
Robocoin
Genesis Coin (Genesis1 and Satoshi2 models)
BitAccess
General Bytes BATMThree (BATMTwo models are buy-only)
Before visiting a Bitcoin ATM to sell Bitcoin for cash, it’s important to check whether the machine supports sell transactions and what verification requirements apply.
Ukraine is moving toward legalizing cryptocurrencies, with new laws expected in early 2025.
According to Danylo Hetmantsev, Chairman of the Tax Committee of the Verkhovna Rada, there is a high likelihood that legislation will be adopted soon.
Clear Taxation Rules – A proposed 18% tax on crypto-to-fiat conversions plus 1.5% military duty.
Government Regulation – Discussions are ongoing about whether the National Bank of Ukraine (NBU) or a new regulatory body will oversee crypto markets.
Crypto-Friendly Policies – New laws could attract foreign investment and encourage crypto startups to operate in Ukraine.
This move follows the adoption of a basic virtual asset law in 2021, which lacked specific tax guidelines. Now, Ukraine is looking to implement a structured regulatory framework to ensure compliance while fostering innovation.
Experts believe that legalization will drive further adoption, making Bitcoin ATMs even more common in Kyiv and across the country.
The rise of Bitcoin ATMs reflects the increasing demand for cryptocurrency accessibility. As of today, there are 37,690 Bitcoin ATMs across 69 countries, according to CoinATMRadar. However, the actual number is likely higher due to newly installed but unregistered machines.
For comparison, on January 1, 2020, there were only 6,423 Bitcoin ATMs globally. The number of machines grew rapidly over the next two years, peaking on December 1, 2022, at 39,981 Bitcoin ATMs worldwide. Although some units were later decommissioned, Bitcoin ATM installations continue to grow as digital assets become more mainstream.
Currently, the majority of Bitcoin ATMs are concentrated in North America (89.6%), with the United States alone hosting 79% of all machines. Europe follows with 4.6%, though some cities, including Kyiv, are seeing increased adoption of these machines.