WBTCB Brings Bitcoin to 8,000 Czech Terminals - Bitcoinist.net

WBTCB Brings Bitcoin to 8,000 Czech Terminals


On January 22, the Czech Bitcoin exchange, WBTCB, launched a new service that will allow Czech residents to buy bitcoin at over 8,000 terminals around the country.

After completing three steps, users will be able to have bitcoin in their hands. The ATMs do not require extensive identification documents and allows for anonymous purchases. The transaction is fee is 7%, which is higher than other Bticoin ATMs.

According to Czech citizen and Reddit user Kamilosas, the ATMs will vastly improve the Czech Bitcoin economy, despite the high fees.

“That is true, but in compare with quite difficult process getting Bitcoin thru (sic) some exchange this process saves quite a lot of time and it is easy way even for not really tech-savvy people to get some Bitcoin, which was the main point of this service. Also they need to cover the fees charged them from company which is handling the transactions on the terminals.”

Though the country is not in the headlines like China or the United States, bitcoin has found a home in the Czech Republic. According to the Head Developer for the hardware wallet, Trezor, Marek Palatinus the country has had a strong bitcoin adoption for a while but now more bitcoin companies are popping up in the country.


Many businesses, such as bars and restaurants, accept bitcoin in the nation’s capital city of Prague. The city is home to the only bitcoin-exclusive cafe and co-working space, which is ran by a local crypto-anarchist collective. Bitcoin meetups in the capital have grown past 50 regular attendees, which has forced them to look for larger places to host their monthly meetings.

The country already has one of the highest Bitcoin ATM densities, with 1 ATM for every 1.86 million people. The country’s citizenry was also one of the top 5 populations interested in bitcoin, according to Google search trends.

Do you use a Bitcoin ATM regularly? Let us know in the comments below!

Photo source: miriadna.com

Photo source: tourist-destinations.com

Guilherme Fernandes

  • Anon Wibble

    Yet still traders are shorting bitcoin like there’s no tomorrow… Just goes to show there should be a cap on high frequency bitcoin trading. It’s not helping anyone, it’s just throwing huge amounts of money around the exchanges to devalue the currency so that the people devaluing it can buy more btc for the same amount of money, just repeat over and over again, until they own all the bitcoins…

  • Renioctib

    DR: Why is this article suspicious? The WBTCB website itself lists only three available atms and coinatmdotradar lists only eight Bitcoin atms for the entire Czech Republic.

    The article itself does not reference anyone at this company but only a “Czech citizen and Reddit user”

    Czech Republic population approx 10.5 million. “1 ATM for every 1.86 million people.” And according to my before lunch calculations.. that’s about 5.6 atms.