Bitcoin Depot to require ID for all transactions at its crypto ATMs

CoinTelegraph

by Stephen Katte

February 25, 2026

AI-Generated Deep Dive Summary

Bitcoin Depot, the largest Bitcoin ATM operator in the U.S., is now requiring users to provide identification for every transaction at its crypto ATMs. This move comes as regulators and lawmakers have stepped up efforts to address concerns about scams, money laundering, and other illicit activities linked to cryptocurrency ATMs. By implementing real-time ID verification, Bitcoin Depot aims to detect suspicious activity such as account sharing, identity theft, and fraud before transactions are completed. The company began rolling out the new policy across its U.S.-based network in early February. The goal is to enhance security and compliance while curbing misuse by bad actors. Bitcoin Depot CEO Scott Buchanan stated that continuous verification allows the platform to monitor customer behavior, transaction amounts, and locations in real time, helping to identify potential risks before they materialize. This shift reflects growing pressure on crypto ATM operators to adopt stricter measures amid increasing regulatory scrutiny. Authorities are focusing on preventing financial crime and ensuring compliance with anti-money laundering (AML) regulations. By requiring IDs, Bitcoin Depot joins other cryptocurrency businesses in adopting more robust customer identification processes to meet these standards. While the policy is designed to improve security and reduce fraud, it also raises questions about privacy and accessibility for users who value the anonymity of cryptocurrency transactions. As regulators continue to tighten their grip on the crypto space, companies like Bitcoin Depot are navigating a delicate balance between innovation and compliance. This trend highlights the evolving relationship between cryptocurrency and traditional financial systems, where regulation is increasingly shaping how digital assets are used and accessed. For readers interested in crypto, this development underscores the ongoing efforts to bring transparency and accountability to the industry. While it may limit some of the freedoms associated with decentralized currencies, such measures aim to protect users from scams and ensure the integrity of cryptocurrency transactions. As these policies evolve, they will likely have a significant impact on how cryptocurrencies are regulated and adopted globally.

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Originally published on CoinTelegraph on 2/25/2026