December 14th, 2018
A new website showing a map of cryptocurrency teller machines and other points of sale has been launched in Russia. The platform currently provides information about bitcoin ATM locations in the city of Moscow but its developers plan to expand its coverage globally.
Cryptocoinmap Has Some Useful Features
Cryptocoinmap.ru is quite similar in design to the popular bitcoin ATM tracker website Coinatmradar. At this early stage, there’s still a lot of room for improvement but the platform already has some unique features. It has been created by two Russian companies, Nanobit and Sova.rf, which have already expressed their intentions to continue to develop it.
At present, Cryptocoinmap shows several locations in the Russian capital where crypto enthusiasts are able to trade fiat with digital money. Six of them are bitcoin ATMs, where residents and visitors of Moscow can buy cryptocurrencies, and one is an exchange which sells and buys virtual coins. The website provides information about their addresses, phone numbers and business hours as well as images of the surroundings.
All points of sale support major cryptocurrencies such as bitcoin core (BTC), bitcoin cash (BCH), ethereum (ETH), litecoin (LTC), and dash. The exchange rates are displayed in a number of fiat currencies including the Russian ruble, U.S. dollar, British pound, Japanese yen, Chinese yuan, Indian Rupee, and Kazakhstani tenge. Bitfinex is the crypto exchange used for reference.
The service allows users to filter the suggestions by business hours, available services and supported cryptocurrencies. The platform is based on Yandex Maps, the Russian alternative to Google Maps, and it offers some useful features, including directions to the BATMs and real-time traffic updates.
Cryptocoinmap lists all supported coins with their current prices in fiat sourced from major global and local digital asset exchanges such as Coinbase, Kraken, Bitfinex, Bitstamp, Bittrex, Poloniex, Cex, Exmo, Livecoin, and Yobit. The numbers are accompanied by graphs showing the daily, weekly and yearly price movements.
Developers Plan for Global Coverage
Representatives of the companies behind the project recently told Fork log they will only add new ATMs and change bureaus that are operated within the framework of the law. Businesses applying to be listed on Cryptocoinmap must provide proof they do not owe any taxes to the government and present documents demonstrating their financial viability.
Right now, the website displays only seven locations in the Russian capital, but Nanobit and Sova.rf want to expand the coverage to include over 100 regions around the world. The companies have promised to add 200 new locations by the end of the first quarter of 2019.
Coinatmradar, which is the leading BATM tracker site, provides information about over 4,000 cryptocurrency ATMs globally. These are operated by 520 companies in 74 countries. According to its data, there are currently at least 11 bitcoin ATMs in and around the Russian capital, as well as dozens of devices in other regions throughout the vast country that spans 11 time zones.
Have you used a cryptocurrency teller machine? Tell us in the comments section below and share your thoughts on the subject.