10 cities with the most bitcoin and cryptocurrency, especially bitcoin

Have you ever wanted to buy something with bitcoin? There are now about 15,000 companies accepting cryptocurrency payments around the world, and more than 2,000 of them are in the United States.

You can use bitcoin to pay for lunch at the Miami Pizza Bar, or a play at the Seacoast Repertory Theater in Portsmouth.

Bitcoin has always been controversial, but one fact is indisputable: more places, merchants, and businesses are accepting cryptocurrency cash.

In this article, we review which cities are at the fore in digital currency adoption, according to Investopedia.

How to measure the adoption of cryptocurrencies and the adoption of official dealings with them

In order to come up with the 10 cities with the most bitcoin transactions, a number of metrics are used, including: the number of merchants accepting this type of transaction in each city, the number of ATMs available for bitcoin and other digital currencies, the size of the population in relation to bitcoin activity, and other criteria.

Based on that data, we came up with the following order:

Cities with the most cryptocurrency in the world

1- San Francisco

It's no surprise that the tech capital of the United States features prominently on our list. San Francisco is home to crypto exchanges Coinbase and Kraken.

Over a hundred merchants accept bitcoin, from restaurants and cafes to inns and stores. There are 437 Bitcoin ATMs in the city's Bay Area, including 65 in San Francisco itself, given its relatively small population of 880,000.

2- Vancouver

Bitcoin has a strong community in Canada, which has taken regulatory steps to embrace the virtual currency.

There are over 50 merchants that accept bitcoins in Vancouver or the surrounding suburbs, and 221 locations to buy bitcoins.

In fact, the world's first Bitcoin ATM began operations at Waves Coffee House on October 29, 2013, in downtown Vancouver.

3- Amsterdam

Amsterdam is home to crypto-mining hardware maker Bitfury and the European headquarters of payment service provider BitPay.

Coinmap identifies over forty places to spend bitcoin in the Dutch capital, including bike repair shops, barbers, and coffee shops.

About half a dozen Bitcoin ATMs are available to them. Merchants in Utrecht, Rotterdam and The Hague also accept cryptocurrencies.

4- Ljubljana, Slovenia

Ljubljana is the capital and largest city of Slovenia, however it is the smallest on our list with a population of about 289,000.

The popular Bitcoin exchange Bitstamp was founded by Slovenes before starting operations in Luxembourg and London.

Ljubljana has 11 bitcoin ATMs in the city and surrounding areas, and nearly 200 merchants say they accept bitcoins.

5- Portsmouth, New Hampshire

This small coastal city is home to a large community of cryptocurrency users. The downtown area is nicknamed "Bitcoin Village".

The city has about a dozen crypto-friendly businesses, including the Seacoast Repertory Theater and the Free State Bitcoin Shoppe.

There are also 21 Bitcoin ATMs and money changers in Portsmouth and nearby cities - a high number for a city of just 22,000.

6- Miami, Florida

This mega city has about 40 merchants who say they accept bitcoins, ATMs and bitcoin cashiers.

It is also home to the Miami Bitcoin Conference, one of the oldest and largest cryptocurrency industry conventions. The city government is seeking to attract blockchain businesses to their city, and the city's mayor has suggested investing city funds in bitcoin and even launching a local cryptocurrency.

7- El-Zonte, El Salvador

This small tourist town is now seeking to rebrand itself as "Bitcoin Beach", the world's first bitcoin-focused economy, after a large donation of cryptocurrency to the municipal government.

The city received its first Bitcoin ATM in 2020, one of 1,500 installed around it. Bitcoin can now be used to pay taxes, foreign investors will not be subject to capital gains taxes, and the national government has also worked with entrepreneurs to offer a simplified Bitcoin wallet for low-fee transactions.

8- New York

New York City has about 30 bitcoin merchants in the metro area, a bitcoin store in Lower Manhattan, and CryptoART in Morningside Heights.

New York is also a major hub for crypto startups and media companies, such as CoinDesk, Decrypt and CoinTelegraph, as well as being home to Consensus, one of the crypto industry's biggest annual events.

9- Lisbon, Portugal

Portugal is one of the few countries that does not impose taxes on cryptocurrency earnings.

The city has also become a destination for many financial innovators in this field to hold informational meetings and organize hackathons based on cryptocurrencies.

10- London

The UK capital is home to 8.9 million residents, 50 bitcoin ATMs, and roughly the same number of merchants that will accept bitcoins for payment. There are also dozens of Bitcoin and Cryptocurrency Meetup groups in London.