Bitstop
Bitstop is a Coral Gables-based Bitcoin and multi-coin ATM operator founded in 2013, running 2,500+ ATMs across the U.S. and Puerto Rico that enable cash-preferred consumers to purchase 11 cryptocurrencies and Goldbacks at convenience stores and gas stations under its FinCEN-registered MSB platform.
- Company typePrivate
- Founded2013
- HeadquartersMiami, United States
- Headcount1–10
- GTM typeB2B and B2C
- OfferingServices
What Bitstop does
Bitstop (operating as ATM OPS Inc., NMLS ID 1833409) is a Coral Gables, Florida-based financial technology company founded in 2013 that operates one of the longest-running cryptocurrency ATM networks in the United States. The company deploys 2,500+ Bitcoin and multi-coin ATMs across the U.S. and Puerto Rico, hosted primarily in convenience stores, gas stations, and grocery retailers including Shell, Exxon, Cub Foods, Food Depot, and Save A Lot locations. Bitstop's platform enables cash-to-crypto conversion, supporting 11 cryptocurrencies (Bitcoin, Ethereum, Solana, XRP, USDC, USDT, Dogecoin, Litecoin, PEPE, WIF, PENGU) via a non-custodial model in which digital assets are sent directly to customer-controlled wallets such as Exodus. Identity verification is handled through Persona's biometric and document scanning pipeline, with real-time OFAC sanctions screening and blockchain analytics-based AML monitoring forming the compliance backbone.
The company monetizes through two primary channels: (1) transaction fees on company-operated ATMs (typically 5–20% in the broader crypto ATM market), with a one-time identity verification fee capped at $2.00, and (2) recurring software licensing fees from independent third-party operators who own and run their own Bitstop-branded machines under Bitstop's regulatory umbrella. A sub-brand, GoldATM, extends the platform into physical gold by dispensing Goldbacks (24-karat gold embedded in currency-grade notes). In November 2025, Bitstop announced its largest enterprise retail partnership — an exclusive deployment of 300+ multi-coin crypto ATMs across all 310 Royal Farms locations in seven Mid-Atlantic states. The team is lean (1–10 employees) and led by co-founders Doug Carrillo (Chief Strategy Officer), Drew Carey (CEO), and Neil Hernandez (CTO). The customer-facing app supports Google/Apple ID onboarding, transaction tracking, ATM location lookup, and a rewards center with promotional codes and milestone badges.
Bitstop firmographics
Firmographics- Name
- Bitstop
- Legal name
- ATM OPS Inc. d/b/a Bitstop
- Website
- https://bitstop.co
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Bitstop is a Coral Gables-based Bitcoin and multi-coin ATM operator founded in 2013, running 2,500+ ATMs across the U.S. and Puerto Rico that enable cash-preferred consumers to purchase 11 cryptocurrencies and Goldbacks at convenience stores and gas stations under its FinCEN-registered MSB platform.
- Ownership category
- akta.pro rank
Bitstop industry classification
Industry- Product category
- Cryptocurrency ATM Services
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks (FSADAIAE)
- akta.pro secondary industry
- Cash Access & Cardless ATM Withdrawal Services (FSAMAOAJ)
Keywords
Where Bitstop is headquartered
LocationHeadquarters
- HQ city
- Miami
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Bitstop business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Technology or R&D, Personnel, Supply Chain, Marketing or Sales, Infrastructure
Revenue model
- Transaction Fees: Bitstop charges transaction fees on all cryptocurrency purchases made at their ATMs. Fees are displayed transparently on-screen before transaction confirmation. The global crypto ATM market reports transaction fees typically range from 5-20%.
- Software Licensing: Bitstop licenses their software to independent operators who own and run their own Bitcoin ATM machines. These operators pay licensing fees to use Bitstop's compliant, regulated money services business infrastructure.
- Gold Notes Sales: At certain locations, Bitstop offers proprietary gold-backed currency (Gold Notes) for sale from their own inventory in exchange for fiat currency.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard Transaction Fee |
| One time/ perpetual license | Pay-as-you-go | Identity Verification Fee |
| Transaction based/ take rate | Pay-as-you-go | Promotional Code PIZZA20 |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels8 records
Bitstop product offering
Product offeringCore offering
Bitstop operates a network of over 2,500 cryptocurrency ATMs across the United States and Puerto Rico, enabling consumers to convert cash into Bitcoin and other digital assets at retail locations such as gas stations, convenience stores, and grocery stores. The company also licenses its ATM software to independent third-party operators and offers Gold ATMs that dispense 24-karat gold-backed notes, all under a federally registered Money Services Business (MSB) framework.
Product overview
Bitstop operates a multi-product financial technology platform centered on cryptocurrency and gold ATMs. The core offering is the Bitstop Bitcoin ATM Network, a nationwide network of crypto ATMs enabling cash-to-digital currency conversions. The Bitstop App serves as the companion mobile application for account management, transaction tracking, and ATM location services. GoldATM provides physical gold access through ATM-dispensed gold-backed notes. The company also licenses its software to independent operators through Bitstop Operator Software Licensing, expanding the network through franchise-like partnerships. Additional services include the Rewards Center loyalty program and promotional discount codes. The product portfolio spans digital assets (Bitcoin, Ethereum, stablecoins, meme coins), physical gold (Goldbacks), and both company-operated and partner-operated ATM infrastructure.
Differentiator
Problem solved
Functional benefit
Brands
- GoldATM: Gold ATM technology that dispenses Goldbacks, a tangible form of 24-karat gold embedded into currency-grade notes
Products and services
- Bitstop Bitcoin ATM Network
- Bitstop App
- Bitstop Operator Software Licensing
- GoldATM
Quantifiable outcome
- Over 2,500 Bitcoin ATMs operating across the U.S. and Puerto Rico
- +3 more outcomes
Companies that use Bitstop
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles3 records
Bitstop technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability3 records
Feature5 records
Bitstop partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Royal FarmsflagshipBitstop entered an exclusive partnership with Royal Farms to deploy 300+ multi-coin crypto ATMs across all 310 store locations in seven Mid-Atlantic states (Maryland, Delaware, Virginia, Pennsylvania, New Jersey, North Carolina, West Virginia). The deployment enables customers to purchase Bitcoin, Ethereum, Dogecoin, XRP, USDC, and other supported cryptocurrencies with cash while shopping or fueling up. Royal Farms prioritized customer protection with built-in fraud prevention tools, real-time monitoring, and verification prompts. This represents Bitstop's largest retail partnership to date and marks one of the largest regional rollouts of crypto ATMs in the U.S.
Scale indicators5 records
Recent moves7 records
Expansion highlights6 records
Bitstop competitors and assessment
Company assessmentDirect peers
- Bitcoin Depot: One of the largest Bitcoin ATM operators in the U.S. with thousands of machines across convenience and retail locations; competes head-to-head with Bitstop on BTM footprint, multi-coin support, and chain partnerships.
- CoinFlip: Major U.S. crypto ATM operator offering cash-to-Bitcoin and other coin purchases with strong retail and convenience-store placement; directly comparable to Bitstop on product, customer base, and distribution model.
- DigitalMint: Crypto ATM and OTC cash-to-bitcoin provider emphasizing compliance and law-enforcement cooperation; directly comparable to Bitstop on regulatory posture and BTM product set.
- CoinHub: Crypto ATM operator focused on convenience-store and retail placement; competes with Bitstop for similar host locations and cash-preferred retail crypto customers.
- Athena Bitcoin: Operates a network of crypto ATMs in the U.S. and internationally with similar compliance, multi-coin, and operator-licensing model; competes with Bitstop for retail location partnerships.
- Pelicoin: Regional crypto ATM operator concentrated in the U.S. South and Midwest with similar convenience-store placement; overlapping target customer and product with Bitstop.
- RockItCoin: U.S.-based Bitcoin ATM operator with nationwide footprint in convenience and grocery retail; directly comparable to Bitstop on BTM products, KYC/AML stack, and chain partnerships.
- Coinme: Operates crypto ATMs at U.S. retail locations including grocery chains and offers a cash-to-bitcoin model with strong compliance focus; comparable to Bitstop on product and channel strategy.
- Byte Federal: Crypto ATM operator with a large U.S. footprint in convenience and travel retail, also offering operator software and compliance services; overlaps with Bitstop on product, regulatory stack, and operator-licensing model.
Regional players
- CoinFlip Bitcoin ATM (formerly CoinFlip Canada) / Localcoin: Canadian-headquartered crypto ATM operator with cross-border U.S. presence offering the same cash-to-crypto BTM service; relevant peer for Bitstop on product, though primarily competing in different geographies.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Bitstop social profiles
Digital presenceBitstop compliance and trust
Trust signalCompliance5 records
Bitstop financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bitstop leadership team
Management profileNumber of profiles
Profiles3 records
Bitstop funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bitstop 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 Bitstop
What does Bitstop do?
Bitstop operates a network of over 2,500 cryptocurrency ATMs across the United States and Puerto Rico, enabling consumers to convert cash into Bitcoin and other digital assets at retail locations such as gas stations, convenience stores, and grocery stores. The company also licenses its ATM software to independent third-party operators and offers Gold ATMs that dispense 24-karat gold-backed notes, all under a federally registered Money Services Business (MSB) framework.
Is Bitstop a public or private company?
Bitstop is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Bitstop founded?
Bitstop was founded in 2013. It employs 1 to 10 people.
Where is Bitstop based?
Bitstop is headquartered in Miami, United States, in the North America region.
How does Bitstop make money?
Three revenue lines are on record. Transaction Fees are the primary driver. The others are software Licensing and gold Notes Sales.
Who are Bitstop's main competitors?
Direct peers on record are Bitcoin Depot, CoinFlip, DigitalMint, CoinHub, Athena Bitcoin, Pelicoin, RockItCoin, Coinme and Byte Federal. CoinFlip Bitcoin ATM (formerly CoinFlip Canada) / Localcoin is listed as a regional player.
Does Bitstop have an API?
No public API is recorded for Bitstop.
What industry is Bitstop in?
Bitstop's product category is Cryptocurrency ATM 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 FSAMAOAJ, Cash Access & Cardless ATM Withdrawal Services. Its NAICS code is 52232 and its SIC code is 6199.