As we build the best business to serve our customers, Bitcoin Depot adheres to local and federal regulations. Things are always changing in the crypto space, and here is the newest regulation we’ll help our customers navigate: California Senate Bill SB401. This bill, among other new regulations, will restrict Bitcoin ATM purchases to a maximum of $1,000/day for all machines located in California.
If you are in California and need to make a Bitcoin purchase of over $1,000 in a single day, you can use a combination of our Bitcoin ATMs, BD Checkout, and Buy Online service. BD Checkout allows you to use cash to fund your Bitcoin wallet at a retail checkout counter. BD Checkout is located in over 593 locations in California, found in retailers like Rite Aid and Pilot Travel Center. If you would like to fund your Bitcoin wallet with your debit or credit card, you can use our Buy Online service located HERE.
Bitcoin Depot adheres to different federal and state regulations. We are dedicated to keeping our customers informed while providing the quickest and safest Bitcoin transactions. California SB 401 seeks to help reduce fraud in digital transactions and thus is reducing the daily Bitcoin ATM purchase limit to $1,000 in California.
We are aware that the $1,000 daily limit in California might catch some customers off guard. This is why our best-in-class customer service team is standing by to assist customers with their transactions and help customers understand their other options in funding their Bitcoin wallets.
Bitcoin Depot policies vary according to state regulations. However, California stands out as the only state having a $1,000 daily Bitcoin ATM purchase limit. These state-by-state differences in regulations might be confusing to customers who make purchases in multiple states due to work or travel.
As always, if you have trouble, please don’t hesitate to reach out to Bitcoin Depot customer service when planning your next Bitcoin purchase. We will make sure you are well informed about the regulations in the state in which you intend to make a Bitcoin ATM purchase. You can reach the Bitcoin Depot customer service department by phone at (678) 435-9604, by email at support@bitcoindepot.com, and online at https://bitcoindepot.com/contact-us/
For those who might want to increase their Bitcoin purchase options, here is some more info about BD Checkout:
1. Before you can use BDCheckout, you need to install the Bitcoin Depot mobile app (Apple App Store and Google Play Store).
2. Choose the retail location you wish to use. When you’re ready, tap "Load Cash."*
3. In the app, Enter the amount you’d like to load and select your wallet.
4. The app will generate a barcode for the retailer to scan. Head to the retailer to scan and pay.
5. When you arrive at the checkout, show the clerk the barcode generated in the app. Then, ask them to scan it. (*Pro tip - No need to mention "Bitcoin" at the checkout. You only need to ask the clerk to scan your barcode.)
6. Once your funds are added to your wallet, click "Buy BTC Now" to complete the transaction. You're done!
To buy Bitcoin online with a debit or credit card, visit our Buy Online page. Then, enter your wallet address along with your email address and credit card or debit card information. While our cash-only customers will prefer a Bitcoin ATM or BD Checkout, those who would like to use their debit or credit card can use our Buy Online service.
In conclusion, we understand that Bitcoin regulations can be confusing, and bill SB401 in California limits Bitcoin ATM purchases to $1,000/day, which might add to that confusion. But, we can assure you that Bitcoin Depot will continue to have very accessible customer service. We will help our customers perform their Bitcoin transactions in the quickest and safest way while complying with all state and local regulations.