Bitcoin Depot Tightens Security with Transaction ID Verification

Bitcoin Depot, the leading operator of crypto ATMs in the United States, has implemented a new policy that requires identification verification at every transaction. This move is part of the company's efforts to enhance security and compliance standards.

The phased rollout of this new policy began in February 2026 and applies to all users, extending beyond initial account setup. Bitcoin Depot operates 9,019 kiosks across the US, accounting for about 78% of the global total of crypto ATMs.

According to CEO Scott Buchanan, continuous verification allows the company to detect suspicious activity before a transaction is approved. This added layer of security aims to prevent account sharing and identity theft, as well as reduce account takeover attempts.

The new policy follows increased scrutiny from state regulators and lawmakers, who have raised concerns about fraud linked to anonymous cash-to-crypto transactions. In response, 17 states passed laws targeting crypto ATM operators, requiring daily limits, fraud warnings, and licensing standards.