Bitcoin Depot has gradually introduced mandatory identity verification for every transaction at its crypto ATMs in the US. Acting under pressure from regulators and lawmakers to prevent illegal activities, the company started implementing it at ATMs in its network from early February. The goal is to detect suspicious activities based on customers, locations, or transaction amounts in real-time and prevent abuses such as account sharing and identity theft. CEO Scott Buchanan stated that continuous verification identifies suspicious activities before transaction approval. The company had previously required ID only for new users in October; now it’s making it mandatory for every transaction to enhance security.
Bitcoin Depot operates the largest number of Bitcoin ATMs in the US. Source: Coin ATM Radar
US Dominance in BTC ATMs and Bitcoin Depot Leadership
The US is the largest hub hosting 78% of the world’s Bitcoin (BTC) ATMs, with 31,360 machines according to Coin ATM Radar data; Bitcoin Depot is the market leader with 9,019 kiosks. This dominance increases retail access highlighted in BTC detailed analysis reports.
Crypto ATM Scams and State Measures
Crypto ATMs are widely used by scammers; states are tightening regulations due to the irreversibility of transactions. According to the American Association of Retired Persons, 17 states have passed laws including daily limits, scam warnings, and licensing protections. These measures, combined with BTC’s volatility in the futures market, affect retail investors.
Lawsuits and Settlements Against Bitcoin Depot
Bitcoin Depot was sued by Massachusetts Attorney General Andrea Campbell for inadequate scam prevention measures; additional protections for large transactions are demanded. A $1.9 million settlement was reached with Maine Attorney General Aaron Frey, while Iowa Attorney General Brenna Bird sued Bitcoin Depot and rival Coinflip. These lawsuits are increasing regulatory pressure on the industry.
BTC Technical Analysis: Support and Resistance Levels
| Level | Price (USD) | Score | Distance | Sources |
|---|---|---|---|---|
| S1 | $64,284.58 | 76/100 ⭐ | -1.53% | Fibo 0.114, BB Lower |
| S2 | $62,510.28 | 70/100 ⭐ | -4.25% | Prev Day Low |
| R1 | $68,868.93 | 76/100 ⭐ | +5.49% | Swing High, Fibo 0.236 |
| R2 | $78,962.25 | 64/100 ⭐ | +20.95% | Fibo |
Current BTC price $65,422.49 (+3.67% 24h), RSI 34.83 (Oversold), downtrend and Bearish Supertrend. EMA 20: $69,123. These levels indicate that ATM regulations may limit BTC access while increasing volatility.
How Do Regulations Affect the BTC Market?
Goldman Sachs CEO warns of a BTC price crash, while MicroStrategy’s Saylor continues buying BTC with ordinary shares. Turkish Net Holding (NTHOL.IS) ranks 74th in corporate holdings with 352 BTC. These developments suggest that retail ATM restrictions may highlight institutional BTC accumulation (as of 2026-02-25).
Risk Management for BTC ATM Investors
- Monitor suspicious locations in real-time.
- Comply with daily limits, check 17 state laws.
- Track BTC support levels (S1 $64K).
Source: https://en.coinotag.com/id-required-for-every-transaction-at-bitcoin-depot-btc-atms
