Byte Federal
Byte Federal is a US-based Bitcoin infrastructure company operating 1,350+ crypto ATMs across 42+ states, serving unbanked consumers and merchants through ATMs, custodial and non-custodial wallets, merchant POS systems, and enterprise APIs, with international expansion into Australia and Suriname.
- Company typePrivate
- Founded2016
- HeadquartersVenice, United States
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What Byte Federal does
Byte Federal is a US-based Bitcoin and cryptocurrency infrastructure company founded in 2016 and headquartered in Venice, Florida, operating what it describes as the 8th-largest Bitcoin ATM network in the United States with 1,350+ kiosk locations across 42+ states. The company serves primarily unbanked and underbanked Americans (24.6M households) through cash-to-crypto and crypto-to-cash transactions, with daily limits of $300 for first-time users and up to $29,500 for fully verified users. Beyond ATMs, Byte Federal operates a vertically integrated product stack including ByteVault (non-custodial mobile wallet with Lightning Network), ByteWallet (custodial wallet with 3% spread pricing), ByteConnect POS (merchant crypto payment acceptance at 1.50% transaction fees), an enterprise API platform (ByteAuth, ByteConnect API, ByteMCP), a cryptocurrency-enabled real estate platform, and the ByteU education platform.
Byte Federal operates a compliance-first business model, registered as a Money Services Business with FinCEN (BSA ID# 31000318334244), licensed as a money transmitter in 18+ states (NMLS # 2327474), ISO 27001:2022 certified, and operating under ASIC's Enhanced Regulatory Sandbox in Australia. Revenue is generated primarily through transaction-based fees embedded in ATM exchange rate spreads (industry-typical 12–20%), the 3% ByteWallet spread, 1.50% ByteConnect merchant fees, and emerging B2B revenue from API usage and gaming-sector integrations. The company reports 150,000+ customers and 300,000+ cumulative transactions processed, and employs 51–100 people. Recent strategic activity has extended the business into regulated gaming markets via a BurraPay partnership (first Nevada crypto-funded sports wager, June 2026), into real estate via NEO/OPISAS partnerships, and into international markets via ByteFederal Australia (February 2026) and Byte Federal Suriname.
The company is privately held with founder Lennart Lopin serving as CTO/Co-Founder, CEO Paul Tarantino leading since August 2024 (succeeding Lee Hansen, now CIO/COO), and CFO Mark Paolillo on the leadership team. No institutional funding has been disclosed since 2018, with cumulative disclosed funding of approximately $726K across four small rounds. Operating geographies include the United States, Australia (under ASIC regulatory sandbox), and Suriname, with the company explicitly referencing a regulatory advocacy posture through its Satoshi Action Fund partnership.
Byte Federal firmographics
Firmographics- Name
- Byte Federal
- Legal name
- Byte Federal, LLC
- Website
- https://bytefederal.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Byte Federal is a US-based Bitcoin infrastructure company operating 1,350+ crypto ATMs across 42+ states, serving unbanked consumers and merchants through ATMs, custodial and non-custodial wallets, merchant POS systems, and enterprise APIs, with international expansion into Australia and Suriname.
- Ownership category
- akta.pro rank
Byte Federal industry classification
Industry- Product category
- Bitcoin ATM Network & Cryptocurrency Exchange Services
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks (FSADAIAE)
- akta.pro secondary industries
- POS, QR & In-Person Acceptance Infrastructure (Crypto) (FSADAIAI), Crypto Payment Gateways & Checkout APIs (FSADAIAA), Payment Orchestration, Routing & Smart Transaction Management (Crypto) (FSADAIAJ)
Keywords
Where Byte Federal is headquartered
LocationHeadquarters
- HQ city
- Venice
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Byte Federal business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure, Supply Chain
Revenue model
- Bitcoin ATM Transaction Fees: Fees embedded in Bitcoin exchange rates displayed at ATM kiosks. Rate includes costs for cash handling, volatility fluctuations, banking and federal regulations, hardware and software costs.
- ByteWallet Exchange Spread: 3% spread on exchange rates for buying/selling Bitcoin. No additional network fees, withdrawal fees, or monthly charges. Users can buy as little as $1.
- ByteConnect POS Transaction Fees: 1.50% transaction fee for online payments. Physical POS likely has different fee structure. $0 monthly subscription for web-based platform.
- Crypto-to-Fiat Exchange Services: B2B exchange infrastructure services for regulated gaming markets (BurraPay partnership), providing crypto-to-fiat conversion for gaming operators.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | First-time ATM users - limited to $300 per transaction |
| Transaction based/ take rate | Pay-as-you-go | Verified ATM users - up to $29,500 daily limit |
| Transaction based/ take rate | Pay-as-you-go | ByteWallet - 3% spread, no additional fees |
| Subscription | Monthly | ByteConnect Online - $0/month with 1.50% transaction fee |
Go-to-market motion3 records
Distribution channels7 records
Marketing channels8 records
Byte Federal product offering
Product offeringCore offering
Byte Federal operates one of the largest Bitcoin ATM networks in the United States with 1,350+ kiosk locations across 42+ states, enabling consumers to buy and sell Bitcoin and other cryptocurrencies with cash. The company also offers a full ecosystem of Bitcoin products including the ByteWallet custodial mobile wallet, ByteVault non-custodial wallet, ByteConnect merchant point-of-sale system, enterprise APIs (ByteAuth, ByteConnect, ByteMCP), and a Bitcoin-enabled real estate transaction platform. Revenue is generated through transaction spreads on ATM exchanges, wallet exchange spreads, merchant POS transaction fees, and B2B crypto-to-fiat exchange infrastructure services.
Product overview
Byte Federal operates a comprehensive Bitcoin and cryptocurrency ecosystem spanning physical infrastructure (Bitcoin ATMs), mobile applications (ByteWallet and ByteVault wallets), merchant solutions (ByteConnect POS), and developer APIs (ByteAuth, ByteConnect API, ByteMCP). The platform also extends into real estate transactions and international markets through ByteConnect Australia, supported by educational resources via ByteU. The product portfolio is unified by a commitment to regulatory compliance, fraud prevention, and accessibility for both consumers and merchants seeking to participate in the cryptocurrency economy.
Differentiator
Problem solved
Functional benefit
Brands
- ByteVault: Non-custodial mobile wallet for Bitcoin and cryptocurrency, offering users full control of their private keys with Lightning Network support.
- ByteWallet
- ByteConnect
- ByteConnect POS
- ByteU
Products and services
- Byte Federal Bitcoin ATMs Physical kiosk network enabling users to buy and sell Bitcoin and other cryptocurrencies with cash. Operates 1,350+ locations across 42+ US states with daily transaction limits of $300 for first-time users and up to $29,500 for verified users. Includes an ATM hosting program allowing merchants to earn passive income from 3ft² of floor space.
- ByteWallet Custodial mobile Bitcoin wallet and digital onramp that lets consumers buy and sell Bitcoin in 30 seconds via bank link. Features Lightning Network for instant payments, 3% transparent spread pricing with no additional fees, and supports BTC, ETH, and LTC.
- ByteVault Non-custodial mobile Bitcoin wallet where users hold their own private keys with full sovereignty. Features include Lightning Network support, Digital Notary service anchored to the Bitcoin blockchain, ATM locator, biometric login, and no withdrawal limits.
- ByteConnect POS Merchant point-of-sale system enabling businesses to accept cryptocurrency payments via QR code and NFC. Supports Bitcoin, Lightning, Ethereum, Dogecoin, and Litecoin. Includes free administrative dashboard, real-time USD conversion, chargeback-proof transactions, and 1.50% transaction fee for online payments.
- ByteConnect Australia Bitcoin-enabled payment terminal and online payment gateway for Australian merchants operating under ASIC's Enhanced Regulatory Sandbox. Supports Bitcoin via both on-chain transactions and Lightning Network for retail, hospitality, property, automotive, and luxury goods sectors.
- Byte Federal APIs Developer API platform comprising three APIs: ByteAuth (passwordless authentication with QR code, biometric, and MFA), ByteConnect (merchant Bitcoin payment processing with Lightning Network and webhook notifications), and ByteMCP (AI-native ATM discovery via Model Context Protocol for AI assistants). Provides SDKs in Python and JavaScript with 99.9% uptime SLA and sub-100ms response times.
- Byte Federal Real Estate Cryptocurrency-enabled real estate transaction platform in partnership with NEO and OPISAS. Enables users to purchase property with Bitcoin and other digital assets, covering 2,800+ pre-construction and under-construction real estate projects across 42 states.
- ByteU Free Bitcoin and cryptocurrency education platform featuring courses, videos, podcasts, and a Bitcoin Academy with 26 comprehensive articles covering fundamentals, advanced topics, and practical applications for beginners and experienced users.
- BurraPay Gaming Crypto-to-Fiat Integration B2B crypto-to-fiat exchange infrastructure service integrated with BurraPay to enable cryptocurrency payments in regulated US gaming markets. Supports Bitcoin, Ethereum, and Litecoin for wagering activity with built-in AML/CTF controls.
Quantifiable outcome
- 84% elder fraud prevention rate through proactive outreach calls to customers aged 60+
- +3 more outcomes
Companies that use Byte Federal
Customer profileSegments4 records
Ideal customer profiles5 records
Byte Federal technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
AI capability3 records
Feature8 records
Byte Federal partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core, strategic and minor.
- ASIC (Australian Securities and Investments Commission)coreByteFederal Australia operates under ASIC's Enhanced Regulatory Sandbox, providing a compliant framework for Bitcoin-enabled payment terminals and digital asset payment gateway in Australia. The sandbox supports retail, hospitality, property, automotive, and luxury goods sectors.
- BurraPaycoreBurraPay integrated Byte Federal's crypto-to-fiat exchange infrastructure to enable cryptocurrency payments in regulated US gaming markets. On June 4th, the platform processed the first legal cryptocurrency-funded sports wager in Nevada history at Circa Resort & Casino in Las Vegas. BurraPay is now approved in five key gaming states.
- Bitcoin For CorporationsstrategicByte Federal joined as Executive Member of Bitcoin For Corporations, a strategic group focused on helping companies responsibly adopt Bitcoin for treasury, operations, and long-term financial resilience.
- OPISASminorOPISAS partnered with ByteFederal for cryptocurrency real estate transactions, enabling buyers to purchase property using Bitcoin through Byte Federal's payment infrastructure. OPISAS is a real estate platform with 2,800+ projects available.
- NEO (newestateonly.com)minorPartnership with NEO for crypto-enabled real estate transactions. NEO provides pre- and under-construction real estate listings while Byte Federal powers the cryptocurrency payment infrastructure. 2,800+ projects available across 42 states.
- Satoshi Action FundstrategicPartnership for advocacy against Bitcoin ATM prohibition bills. Non-partisan campaign enables users to send letters to representatives in 30 seconds. Addresses financial access concerns for 24.6 million unbanked Americans.
Scale indicators13 records
Recent moves7 records
Expansion highlights6 records
Byte Federal competitors and assessment
Company assessmentDirect peers
- Bitcoin Depot: Largest Bitcoin ATM operator in the US and a direct competitor, running thousands of BTM kiosks with a similar fiat-to-crypto onramp model, transaction-fee revenue, and host-location program. Most directly comparable on footprint, business model, and customer base.
- CoinFlip: Major US Bitcoin ATM operator and one of the top BTM networks by location count, offering cash-to-crypto transactions, the CoinFlip Wallet, and crypto-to-fiat services. Direct competitor in the BTM space with overlapping compliance and host-location strategies.
- RockItCoin: US-based Bitcoin ATM network operating kiosks in dozens of states, with a comparable cash-to-crypto and crypto-to-cash transaction model. Mid-tier BTM competitor that competes for the same host locations and consumer onramp demand.
- Athena Bitcoin: Operates a network of Bitcoin ATMs in the US and internationally, with a similar fiat-to-crypto kiosk model and a focus on financial inclusion for underbanked users. Competes directly on regulatory licensing depth and ATM coverage.
- CoinHub: US Bitcoin ATM operator with thousands of kiosks and a similar BTM/host-location business model. Directly comparable on customer segment (cash-preferring, underbanked), pricing (spread-based), and regulatory approach.
Emerging players
- LibertyX: US Bitcoin onramp that enables Bitcoin purchases at retail point-of-sale and via a smaller BTM network, including grocery stores and convenience stores. Comparable cash-to-crypto onramp mission, though distribution is retail-POS rather than kiosk-heavy.
- Strike: Bitcoin-native payments app built on the Lightning Network with sub-1% spreads, fast onboarding, and merchant payment tools. Competes with Byte Federal's wallet and POS products on price and speed, particularly for the Lightning-first use case.
- Unbanked (now Falcon X / Wyre-adjacent ecosystem): Crypto-native financial services platform targeting underbanked consumers with card programs and onramp/offramp infrastructure. Compares on the financial-inclusion mission and onramp tooling, though distribution differs (cards/accounts vs. kiosks).
Broad incumbents
- Cash App (Block): Mass-market consumer fintech offering Bitcoin buying/selling, P2P payments, and banking. Not a BTM operator, but a major lower-fee crypto onramp/offramp competitor for the same retail and underbanked segments Byte Federal targets.
- Coinbase: Largest US-regulated crypto exchange, offering fiat on/off-ramps, custodial wallets, merchant payments (Coinbase Commerce), and APIs. Competes with Byte Federal across wallets, POS, and developer APIs at greater scale with lower per-transaction pricing.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Byte Federal social profiles
Digital presenceByte Federal compliance and trust
Trust signalCompliance8 records
Byte Federal financial estimates
Financial estimateRevenue estimate
Valuation estimate
Byte Federal leadership team
Management profileNumber of profiles
Profiles5 records
Byte Federal subsidiaries and ownership
Company hierarchySubsidiaries2 records
Byte Federal funding detail
Funding detailFunding overview
Funding rounds4 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Byte Federal M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Byte Federal
What does Byte Federal do?
Byte Federal operates one of the largest Bitcoin ATM networks in the United States with 1,350+ kiosk locations across 42+ states, enabling consumers to buy and sell Bitcoin and other cryptocurrencies with cash. The company also offers a full ecosystem of Bitcoin products including the ByteWallet custodial mobile wallet, ByteVault non-custodial wallet, ByteConnect merchant point-of-sale system, enterprise APIs (ByteAuth, ByteConnect, ByteMCP), and a Bitcoin-enabled real estate transaction platform. Revenue is generated through transaction spreads on ATM exchanges, wallet exchange spreads, merchant POS transaction fees, and B2B crypto-to-fiat exchange infrastructure services.
Is Byte Federal a public or private company?
Byte Federal is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Byte Federal founded?
Byte Federal was founded in 2016. It employs 51 to 100 people.
Where is Byte Federal based?
Byte Federal is headquartered in Venice, United States, in the North America region.
How does Byte Federal make money?
Four revenue lines are on record. Bitcoin ATM Transaction Fees are the primary driver. The others are byteWallet Exchange Spread, byteConnect POS Transaction Fees and crypto-to-Fiat Exchange Services.
Who are Byte Federal's main competitors?
Direct peers on record are Bitcoin Depot, CoinFlip, RockItCoin, Athena Bitcoin and CoinHub. Emerging players are LibertyX, Strike and Unbanked (now Falcon X / Wyre-adjacent ecosystem). Broad incumbents are Cash App (Block) and Coinbase.
Does Byte Federal have an API?
Yes. Byte Federal offers three public APIs for developers: ByteAuth provides enterprise-grade passwordless authentication for Bitcoin ATMs and web applications with QR code login, biometric verification, multi-factor auth, and session management. ByteConnect enables merchants to accept Bitcoin payments with real-time BTC to USD conversion, Lightning Network support, POS integration, and webhook notifications. ByteMCP is an AI-native Bitcoin ATM discovery API using the Model Context Protocol, enabling AI assistants like Claude to find ATMs through natural language queries at 1,400+ locations with real-time status. The APIs offer sub-100ms response times, 99.9% uptime SLA, and webhook support. Developer documentation is at auth-docs.bytefederal.com.
What industry is Byte Federal in?
Byte Federal's product category is Bitcoin ATM Network & Cryptocurrency Exchange Services. Its primary akta.pro industry code is FSADAIAE, On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks, with a secondary code of FSADAIAI, POS, QR & In-Person Acceptance Infrastructure (Crypto). Its SIC code is 6200.