What National Bitcoin ATM does

National Bitcoin ATM operates a physical kiosk network enabling cash-to-Bitcoin transactions across the United States. Founded in 2014, the company built a footprint of more than 550 Bitcoin ATMs across 29 states, processing over $2.3 billion in cumulative Bitcoin value. Customers locate a nearby kiosk via the website or mobile app, verify identity with a phone number and/or government-issued ID, scan a self-custodial wallet QR code, insert cash (minimum $20), and receive Bitcoin directly to their own wallet within 20 minutes. The company explicitly does not retain copies of customer private keys, distinguishing its self-custody model from custodial exchange alternatives.

Revenue is generated entirely through transaction-based fees: a flat $3.00 per transaction plus a spread ranging from 17.3% to 50% of the transaction amount, calculated as the difference between cash inserted and the market value of Bitcoin delivered. There are no subscription or recurring fees. The company is registered with FinCEN as a Money Services Business (BSA ID 31000323474501), holds NMLS ID 2457730, and maintains state money transmitter licenses in Alabama, Arkansas, Kentucky, and Ohio. It also offers a Kiosk Hosting Program allowing third-party operators to deploy ATMs under the National Bitcoin ATM brand.

In October 2025, Bitcoin Depot acquired the assets of National Bitcoin ATM, adding over 500 kiosks and consolidating the parent's U.S. market share to approximately 30%. Post-acquisition, National Bitcoin ATM operates as a subsidiary brand under Bitcoin Depot Operating, LLC, headquartered in Atlanta, Georgia. Its core customer segment is individual cryptocurrency purchasers seeking immediate, cash-funded, self-custodial Bitcoin access without online exchange delays or full bank-information requirements.

Name

National Bitcoin ATM

Legal name

Bitcoin Depot Operating, LLC

Website

https://nationalbitcoinatm.com

Company type

Private

Founded year

2014

Operating status

Acquired

Headcount range

1–10 employees

Short description

National Bitcoin ATM operates a network of 550+ physical Bitcoin ATMs across 29 U.S. states, enabling consumers to convert cash to self-custodial Bitcoin within 20 minutes. Acquired by Bitcoin Depot in October 2025.

Ownership category

akta.pro rank

Product category

Cryptocurrency ATM Services

NAICS

Convenience Retailers and Vending Machine Operators (44513)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks (FSADAIAE)

Keywords

• Bitcoin ATM services
• Cash to cryptocurrency
• Crypto kiosk network
• Self-custody Bitcoin
• Money transmitter services

Headquarters

HQ city

Irvine

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Others, Technology or R&D, Marketing or Sales

Revenue model

1. Bitcoin ATM Transaction Fees: National Bitcoin ATM generates revenue through a combination of a flat service fee of $3.00 per transaction plus a spread (margin) between 17.3% and 50% of the total transaction amount. The spread represents the difference between the cash inserted into the kiosk and the current market value of Bitcoin received. This is a pure transaction-based revenue model with no subscription or recurring fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

National Bitcoin ATM operates a nationwide network of physical Bitcoin ATM kiosks (550+ machines across 29 U.S. states) that allow consumers to convert cash into Bitcoin. Customers verify with a phone number and/or ID, scan their wallet QR code, insert cash (minimum $20), and receive Bitcoin directly to their own wallet within 20 minutes. The company also supports a mobile app for kiosk location and a third-party kiosk hosting program.

Product overview

National Bitcoin ATM is a Bitcoin ATM operator offering a network of physical kiosks for cash-to-Bitcoin transactions. The core product is the kiosk network, supplemented by a mobile app for account access and kiosk location. The company also operates a kiosk hosting program for third-party operators. As of the October 2025 acquisition by Bitcoin Depot, the network comprised over 500 kiosks across 27 states, processing over $2.3 billion in Bitcoin transactions since 2014.

Differentiator

Problem solved

Functional benefit

Products and services

• National Bitcoin ATM Kiosk Network Physical Bitcoin ATM kiosks that allow consumers to purchase Bitcoin with cash. Customers verify via phone number and/or ID, scan their Bitcoin wallet QR code, insert cash (minimum $20), and receive Bitcoin directly to their own wallet within 20 minutes. Network spans 550+ ATMs across 29 U.S. states.
• National Bitcoin ATM Mobile App Mobile application that supports National Bitcoin ATM customers with account management and location-based kiosk locator services to find the nearest physical Bitcoin ATM.
• Kiosk Hosting Program Program that enables third-party hosts to operate Bitcoin ATM kiosks on the National Bitcoin ATM network, leveraging the company's nationwide footprint and operational experience since 2014.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Bitcoin DepotcoreOthersIn October 2025, Bitcoin Depot acquired the assets of National Bitcoin ATM. This acquisition expanded Bitcoin Depot's network by over 500 kiosks across 27 states, solidifying its position as North America's largest Bitcoin ATM operator with approximately 30% U.S. market share. National Bitcoin ATM became a subsidiary/brand of Bitcoin Depot Operating, LLC.

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Bitcoin Depot: Parent company of National Bitcoin ATM following the October 2025 acquisition; operates the largest Bitcoin ATM network in North America with roughly 30% U.S. market share, offering virtually identical cash-to-Bitcoin kiosk products and pricing.
• CoinFlip: One of the largest U.S. Bitcoin ATM operators, with thousands of kiosks across the country offering cash-to-crypto on-ramps at physical locations with comparable verification and self-custody flows.
• RockItCoin: U.S.-based Bitcoin ATM operator with a multi-state kiosk footprint providing cash-to-Bitcoin and other crypto purchase services targeting the same unbanked and privacy-oriented customer segments.
• Athena Bitcoin: Operates a global Bitcoin ATM network with significant U.S. presence, offering cash-to-Bitcoin transactions through physical kiosks with comparable compliance and licensing infrastructure.
• CoinHub: U.S. Bitcoin ATM operator with kiosks in multiple states, providing similar cash-to-Bitcoin conversion services to retail consumers seeking fast, low-friction crypto purchases.
• Pelicoin: Regional Bitcoin ATM operator focused primarily on the U.S. South and Midwest, operating cash-to-crypto kiosks with comparable consumer-facing flows and target customer base.
• CoinFlip Bitcoin ATM (Bitcoin Depot brand): Direct overlap with the National Bitcoin ATM network post-acquisition — now part of the same Bitcoin Depot operating entity.

Broad incumbents

• Coinbase: Large U.S.-domiciled crypto exchange and brokerage offering fiat-to-Bitcoin on-ramps via bank transfer, ACH, and debit card; competes for the same retail crypto buyer but via online rails rather than physical cash kiosks.
• Cash App: Block's consumer payments and Bitcoin brokerage app offering in-app Bitcoin purchases via linked bank accounts; represents the digitally-native, low-fee alternative to physical cash-based crypto purchases.

Others

• PayNearMe: Cash-to-digital payment network enabling cash deposits at retail locations for online account funding; serves an analogous cash-to-digital on-ramp role for non-crypto use cases and represents the broader cash-in/cash-out infrastructure category.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about National Bitcoin ATM