Bitcoin Depot

Bitcoin Depot, also known by the alias BTM, operates a network of automated teller machines that enable customers to purchase and sell bitcoin using cash, providing a straightforward interface for converting fiat currency into digital assets and vice versa. The company’s primary service focuses on retail consumers who prefer cash‑based transactions for acquiring cryptocurrency, offering a physical point‑of‑sale alternative to online exchanges. Its machines are typically located in high‑traffic venues such as convenience stores, malls, and other retail outlets across the United States, where they support compliance with know‑your‑customer and anti‑money‑laundering requirements. By integrating cash handling with blockchain settlement, Bitcoin Depot bridges the gap between traditional payment methods and the cryptocurrency ecosystem. The firm’s core competency lies in managing the logistics of cash‑to‑crypto conversion while maintaining operational security for its digital asset settlement accounts.

Headquartered in the United States of America, Bitcoin Depot conducts its business under the Bitcoin Depot brand and is commonly referenced by its BTM abbreviation in industry discussions. The company’s operational model emphasizes accessibility, aiming to serve individuals who may lack access to traditional banking services or who prefer the anonymity and immediacy of cash transactions. In March 2026, the organization detected an intrusion that resulted in the theft of approximately 50.903 bitcoin from its wallets after attackers obtained credentials for its digital asset settlement accounts, highlighting the importance of safeguarding its corporate environment. This incident underscored the dual focus of the business on both physical cash handling and digital asset custody. While the firm continues to expand its kiosk footprint, it remains committed to enhancing security protocols and regulatory adherence to protect user funds and maintain trust in its services.