MASHINIi

Bitcoin Depot Inc..

BTM.US | Other financial service activities, except insurance and pension funding activities, n.e.c.

Bitcoin Depot Inc. operates as a Bitcoin ATM (BTM) operator in North America. The company facilitates cryptocurrency transactions through its network of BTMs, allowing users to buy and sell Bitcoin and other cryptocurrencies using cash. Bitcoin Depot focuses on providing convenient access to digital...Show More

Ethical Profile

Mixed.

Bitcoin Depot Inc. faces scrutiny over its ethical practices. Reports suggest its ATMs have been linked to scams causing $110 million in losses in 2023, disproportionately affecting older adults. Iowa's Attorney General has filed a lawsuit alleging the company failed to implement fraud-prevention safeguards and for unclear fee disclosures. Critics also point to high transaction fees, which can range from 17.3% to 50% plus a $3.00 service fee. Additionally, a June 2024 data breach exposed personal information of approximately 26,732 customers.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity-60
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business0
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business0
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech-10
-100100
Zero Waste & Sustainable Products0
-100100

Better Health for All

0

The company, Bitcoin Depot Inc., operates Bitcoin ATMs, which are financial services facilitating cryptocurrency transactions.

1
The provided articles discuss financial scams, data breaches, and regulatory actions related to these financial services. There is no evidence within the articles to suggest that the company's products or operations have a direct positive or negative impact on health outcomes, nor do they involve health-related research and development, health equity programs, healthcare workforce support, preventative health measures, health data, global health crisis response, mental health initiatives, pharmaceutical patents, nutrition, health education, addiction mitigation, or clinical trials. Therefore, all KPIs under the 'Better Health for All' value are deemed not applicable, as the company's business model does not intersect with health-related activities as defined by the rubric.

Fair Money & Economic Opportunity

-60

Bitcoin Depot charges a service fee of $3.00 on all exchange transactions, plus a spread between 17.3% and 50% of the transaction amount, depending on location.

1
This range is significantly higher than the industry median buy fee of 16% and sell fee of 15%.
2
The company faces a lawsuit from the Iowa Attorney General, filed in June 2024, alleging violations of the Iowa Consumer Fraud Act for unfair practices, deception, and misrepresentations, specifically regarding unclear disclosure of Bitcoin prices and transaction fees.
3
The lawsuit also alleges that $13 million in scam transactions were processed through BTMs in Iowa between January 2021 and June 2024.
4
A class-action lawsuit, filed in April 2024, accuses Bitcoin Depot of charging 'exorbitant markup' on Bitcoin transactions and alleges that elderly consumers are regularly targeted by crypto-ATM scams.
5
The industry is criticized for potentially disguising high-risk, high-cost services as accessible options for financially disadvantaged consumers, and BTMs are cited as a potential tool for money laundering.
6
Bitcoin Depot operates in North America, with its ATMs often located in convenience stores like Circle K, which are typically found in various neighborhoods, including low-income areas.
7
However, the company does not provide a specific percentage of its service points in underserved areas.
8

Fair Pay & Worker Respect

0

No evidence available to assess Bitcoin Depot Inc. on Fair Pay & Worker Respect.

Fair Trade & Ethical Sourcing

0

No evidence available to assess Bitcoin Depot Inc. on Fair Trade & Ethical Sourcing.

Honest & Fair Business

0

No specific, quantitative data was found across the provided articles to assess Bitcoin Depot Inc. against any of the 'Honest & Fair Business' KPIs.

1
While some articles generally discuss the company's commitment to KYC/AML compliance and regulatory adherence for its Bitcoin ATMs, they do not provide measurable metrics such as regulatory fines, transparency index scores, details on whistleblower policies, financial restatements, audit coverage, ESG controversy scores, complaint resolution times, board conflict percentages, anti-corruption policy strength, or third-party verification of ethical claims.
2

Kind to Animals

0

No evidence available to assess Bitcoin Depot Inc. on Kind to Animals.

No War, No Weapons

0

No evidence available to assess Bitcoin Depot Inc. on No War, No Weapons.

Planet-Friendly Business

0

No evidence available to assess Bitcoin Depot Inc. on Planet-Friendly Business.

Respect for Cultures & Communities

0

No evidence available to assess Bitcoin Depot Inc. on Respect for Cultures & Communities.

Safe & Smart Tech

-10

Bitcoin Depot experienced a data breach on June 23, 2024, affecting 26,732 to 27,000 individuals.

1
The exposed data included names, phone numbers, driver's license numbers, addresses, birth dates, and email addresses.
2
Notification to affected parties began on July 8-10, 2025, with the delay attributed to an ongoing federal investigation.
3
Following the breach, the company launched an investigation with a cybersecurity firm, enhanced security measures, and increased internal awareness of data security.
4
The company's privacy notice states that sensitive information, such as credit card data, is encrypted using TLS.
5
Data retention is described as necessary for legal obligations and service provision.
6
Users are provided options to opt-out of communications and request data deletion.
7
Bitcoin Depot claims compliance with CCPA, GDPR, and other relevant privacy regulations, and regulatory filings related to the breach were made in Maine and Massachusetts.
8

Zero Waste & Sustainable Products

0

No specific, concrete data points related to waste management, product lifecycle, or sustainable materials were found across the provided articles. The articles primarily focus on financial performance, growth projections, and general business operations. Statements such as 'No regulatory actions, violations, fines, or compliance issues mentioned' indicate an absence of information within the articles rather than a verifiable company performance metric over a specific period, and therefore cannot be used to score KPIs.

1

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.