Operator landscape
Who operates Bitcoin ATMs in Nevada
Two of the biggest names in this industry were headquartered in or heavily present in Nevada, and both are gone. What replaced them is a smaller, more fragmented field where the operator on the screen matters far more than the brand on the casing.
The 2023–2026 shake-out, and why it hit Nevada hard
Nevada has an unusually direct relationship with the crypto kiosk industry. Coin Cloud, which at its peak ran more than 4,000 machines across the United States and Brazil, was headquartered in Las Vegas. When it filed for Chapter 11 in the District of Nevada in February 2023 — with liabilities reported between $100 million and $500 million and its largest unsecured creditor being Genesis Global Capital — the failure was local news as well as industry news.
Three years later, the larger blow landed. Bitcoin Depot, the biggest operator in North America with more than 9,000 machines, filed for Chapter 11 in the Southern District of Texas on 18 May 2026 and deactivated its entire fleet. The company had reported a roughly 49% year-on-year revenue decline in the first quarter of 2026 and a $9.5 million net loss against $12.2 million of net income a year earlier. It cited increasingly stringent state compliance obligations — new transaction limits, and outright bans in some jurisdictions — and had been facing litigation led by attorneys general in Massachusetts and Iowa over allegations it facilitated crypto scams.
For a Nevada user, the practical consequence is simple and ongoing: maps lie. Aggregator sites carried Bitcoin Depot listings for weeks after the machines stopped working. Any location data you find should be verified against the operator's own page or, better, a phone call.
Nevada FID clarifies its position
The Financial Institutions Division states that entities facilitating transmission of fiat or digital currency by kiosk fall within the money transmitter definition and need a licence and bond.
Coin Cloud files in Las Vegas
The Nevada-headquartered operator enters Chapter 11 in the District of Nevada. Assets are sold through the process; the business dissolves.
State legislatures act
Multiple states impose daily caps, warning requirements, refund rights and fee ceilings on crypto kiosks. Nevada debates but does not pass kiosk-specific statute.
Bitcoin Depot winds down
More than 9,000 machines deactivated. The largest single change to Nevada kiosk availability in the industry's history.
Operators active in Nevada
Fees below are drawn from operator disclosures and industry reporting. Treat them as ranges: pricing is set per machine and varies by location, and every figure excludes the exchange-rate markup layered on top. See our fee analysis for how the two layers combine.
Coinhub
Coinhub has one of the more visible Nevada footprints, particularly across the Las Vegas Valley and North Las Vegas. Its distinguishing feature is limits: the company advertises daily purchase ceilings up to $25,000 at some Las Vegas locations, with purchases up to around $2,000 available on a phone number alone. Machines are typically placed in convenience stores, liquor stores and smoke shops. Support is published as a phone number and an email address, and in our experience the phone is answered.
RockItCoin
A national operator with Nevada coverage. Reported fee ranges run from roughly 7% to 20% depending on location, local cash demand and competition — one of the widest documented spreads in the industry, which is a useful reminder that "the operator's fee" is not a single number. RockItCoin publishes a Nevada location page and adds a small flat fee on top of the percentage.
CoinFlip
CoinFlip positions itself at the lower-cost end and has advertised approximately 8.99% on buys and 4.99% on sells, plus a small flat fee. It also runs 24/7 phone support, which is genuinely differentiating in this sector — most kiosk problems happen outside business hours. Coverage in Nevada centres on Las Vegas.
Bitstop
Common in convenience-store and fuel-retail placements. Bitstop machines appear across the Las Vegas Valley, including at some Rebel and similar forecourt locations. Pricing is set per site and is not published as a single headline figure, so the on-screen check matters more here than usual.
Cryptobase
Cryptobase maintains Nevada location pages covering Las Vegas and other cities in the state. Like most operators of its size, it places machines in high-footfall neighbourhood retail rather than in shopping centres or bank branches.
Comparing five operators to save two per cent? The gap between the cheapest kiosk and a licensed exchange is roughly fifty times larger than the gap between any two kiosks.
See the comparisonOperators that have gone
Bitcoin Depot. Chapter 11 in May 2026; entire fleet of 9,000+ machines deactivated. Nevada locations included. If you see one listed, it is stale data. The company had also disclosed that hackers breached its IT systems and stole $3.7 million from its crypto wallets.
Coin Cloud (Cash Cloud Inc.). Chapter 11 in the District of Nevada, February 2023. The Las Vegas-headquartered company cited faulty machines, a failed software agreement, a costly hack and alleged internal fraud among the causes of a debt load exceeding $150 million. Assets were auctioned; the business dissolved.
A long tail of small operators. Less documented but equally real. Single- machine and few-machine operators come and go constantly, and their exits are not reported anywhere. This is the main reason we recommend calling before travelling.
Hardware manufacturer versus operator
The name on the machine's casing is often the manufacturer, not the company charging you. General Bytes, Genesis Coin and Lamassu hardware is common across Nevada, and you will see those names in listings and on screens.
The manufacturer determines the interface, the note acceptor and the general flow. The operator determines everything you care about: the fee, the exchange rate markup, the limits, the verification tiers, the support arrangements and the compliance programme.
Two machines running identical General Bytes software, three miles apart on the same Boulder Highway corridor, can differ by eight percentage points in all-in cost because they belong to different operators. This is why brand loyalty to a hardware name is meaningless and why the on-screen quote check described in our walkthrough is the only reliable defence.
Verifying that an operator is licensed in Nevada
The Nevada Financial Institutions Division has been clear that kiosk operators need a money transmitter licence under NRS Chapter 671. The state pursued unlicensed operators as far back as 2019. Here is how to check.
Find the legal entity name
It is on the machine's on-screen terms and conditions, and usually on the printed receipt. The consumer brand and the legal entity are often different.
Search NMLS Consumer Access
Look up the entity at nmlsconsumeraccess.org and confirm a Nevada money transmitter licence with an active status.
Cross-check FinCEN
Search the MSB registrant list for the federal registration. Remember: this is a registration, not a licence.
If neither returns anything
Do not use the machine, and consider reporting it to the Nevada FID. An unlicensed operator has no bond behind it and no regulator you can escalate to.
Why the sector is consolidating
It is worth understanding the economics, because they explain both the fees and the failures.
A kiosk operator's cost base includes rent or revenue share to the host store, armoured cash collection, hardware purchase and maintenance, network connectivity, a Bank Secrecy Act compliance programme with a designated officer and independent testing, state licensing across dozens of jurisdictions, surety bonds in each, and the price risk between accepting cash and acquiring the corresponding crypto.
Against that, volumes have fallen. Bitcoin Depot's 49% year-on-year revenue decline in early 2026 was not an isolated data point — the sector has been shrinking as more of the unbanked population gains access to app-based financial services and as scam-driven volume is squeezed out by tighter controls.
Add the regulatory direction — daily caps, fee ceilings, refund mandates, and in some jurisdictions outright prohibition — and the business becomes hard to run at scale. We expect the Nevada footprint to keep shrinking rather than recovering, particularly outside the Las Vegas Valley.
For readers, the implication is practical rather than philosophical: do not build a routine around a specific machine. If your monthly crypto purchase depends on one kiosk in one convenience store, that routine has a failure mode, and it triggered for thousands of Nevadans in May 2026.
Infrastructure that does not disappear overnight
A licensed exchange account is not tied to a store lease, a cash logistics contract or a single operator's balance sheet. It is also roughly fifty times cheaper. If the kiosk you used went dark this year, this is the replacement.
Partner link. Digital assets are volatile and are not FDIC- or SIPC-insured. Nevada Crypto does not give investment advice.