Key Takeaways
- Bitcoin and crypto ATMs are kiosks that allow you to buy and sell Bitcoin or other cryptocurrencies using cash. They work similarly to traditional ATMs but connect to a crypto wallet instead of a bank account.
- On the other hand, Bitcoin ATM operators are the businesses that install, manage, and maintain Bitcoin ATMs.
- Bitcoin ATMs have become increasingly accessible, with now over 38,000+ machines globally.
The rise of Bitcoin over the past decade has fueled innovation in the cryptocurrency space. New services and infrastructure have emerged, making buying and selling Bitcoin more accessible than ever. One of the earliest and most convenient ways to get started with Bitcoin is through Bitcoin ATMs.
What Is A Bitcoin ATM?
A Bitcoin ATM is similar to a traditional ATM, but instead of dispensing cash, it allows users to buy or sell Bitcoin using cash or credit/debit cards. Users can simply insert money into the machine, scan their Bitcoin wallet QR code, and receive the equivalent amount of Bitcoin in their wallet.
According to CoinATMRadar, there are over 38,000+ Bitcoin ATMs worldwide, with the majority in the US. These machines provide a convenient way for people to buy and sell Bitcoin without needing a traditional exchange or online platform.
Top Bitcoin ATM Operators In 2025
CoinFlip
CoinFlip is a Chicago-based Bitcoin ATM operator with a global network of over 4,500 ATMs.
Founded in 2015, CoinFlip has empowered those left out by the traditional banking system to join an innovative and inclusive global economic system. The company’s mission is to give the world quick, easy, and secure access to the benefits of cryptocurrency.
Their ATMs allow you to buy not just Bitcoin but other cryptocurrencies as well. Notably, they have the lowest rates among Bitcoin ATMs and even offer a price match guarantee if you find a cheaper option within a 5-mile radius.
Coinhub
Coinhub has partnered with more than 1,000 store retailers and gas station owners to deploy their automated teller machines in convenient locations around the United States. This expansion comes as Coinhub works toward making Bitcoin more accessible to the general public.
Notably, store owners who partner with Coinhub to have a Bitcoin ATM on their premises will also receive monthly rent payments, making it an additional incentive for retailers to collaborate with the operator and provide their customers with the option to use a Bitcoin ATM.
General Bytes
General Bytes has been a leading manufacturer of Bitcoin ATMs and a leading Bitcoin ATM management software provider since 2013. They design, assemble, and distribute Bitcoin ATMs in over 120 countries, making them one of the largest players globally.
It is worth noting that some of the world’s leading Bitcoin ATM operators, including CoinFlip and Localcoin, use General Bytes’ machines.
Bitcoin Depot
Bitcoin Depot is a leading operator of Bitcoin ATMs in the United States, Canada, Puerto Rico, and Australia. They are also a publicly traded company on the NASDAQ stock exchange under the ticker symbol $BTM.
Founded in 2016, they have been around for a while and are considered a leader in the Bitcoin ATM space, having the title of the largest Bitcoin ATM network with over 8,000 locations.
Localcoin
Localcoin is a Toronto-based Bitcoin ATM network with over 1,100 machines worldwide. Founded in 2017, the company’s mission is to provide customers with a simple buying and selling experience of digital currency while upholding privacy standards across North America.
Athena Bitcoin
Athena Bitcoin is a company headquartered in Miami, Florida, that owns and operates several business lines related to digital currencies. Its primary business lines allow customers easy and virtually instant access to Bitcoin and other cryptocurrencies.
The company is currently adding more ways to purchase cryptocurrency to its 16 ATMs nationwide. It also provides advisory services on equity and fixed-income transactions, office space providers, and other personalized services, enabling customers to trade cryptocurrency freely and make it commercial.
RockItCoin
Founded by finance strategist Michael Dalesandro, RockItCoin is a Chicago-based cryptocurrency and Bitcoin ATM provider that offers privacy-centric crypto ATMs, online purchases, and OTC trading. It currently operates in 1,700+ locations across the United States.
Notably, they advertise their ATMs as user-friendly, not requiring a bank account or debit card. Moreover, they also have a mobile app to help you find ATMs and manage your crypto holdings.
Bitstop
Bitstop is notably one of the oldest and largest Bitcoin ATM networks, with over 2,500 locations across the United States. It has been around since 2013 and is considered a pioneer in the Bitcoin ATM industry.
Bitcoin was still relatively new at the time, but its potential was already becoming evident. Bitstop was founded to position itself at the forefront of the rapidly growing market that we know today.
Margo
Margo is a leading cryptocurrency services provider rooted in the belief that financial empowerment should be inclusive and accessible to all.
Founded in 2019 as PowerCoin and rebranded in 2023, the company’s user-friendly Bitcoin ATMs are featured nationwide in retailers, including Royal Farms, H-E-B, Yesway, United Natural Foods Inc. (UNFI), and Ace Cash Express.
The company also includes a Private Client Desk, where individuals and institutions can trade $3,000 to $1 million in cryptocurrency per day across Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), NFTs, or other tokens. They also help business entities set up digital currency as a form of payment.
Byte Federal
Founded in 2016, Byte Federal is one of the largest Bitcoin ATM operators in the United States. The company specializes in operating Bitcoin ATMs, training, support, and software development for the Bitcoin ecosystem.
They are working to enable circular economies with non-custodial wallets and merchant POS systems because the company believes people should be able to bank for themselves.
They also claim that all of their ATMs, software, and digital products are made and developed 100% in the USA.
Final Thoughts
The increasing number of Bitcoin ATMs in strategic locations suggests a potential surge in Bitcoin and cryptocurrency use. Therefore, keep an eye out for Bitcoin ATMs in your local area and take advantage of the convenience and accessibility they provide!
