Bitstop

Bitstop is a Miami-based financial services company founded in 2013 that operates one of the largest cash-to-crypto ATM networks in the United States. Its machines allow anyone to purchase cryptocurrency and physical gold with cash, without a bank account, exchange account, or prior crypto experience. Solana (SOL) is among the 15-plus assets available across the full ATM network.

How It Works

The purchase flow is designed for speed and simplicity. A user locates a nearby ATM using Bitstop's mobile app or website, selects a digital asset, inserts cash, and provides a wallet address. The transaction settles directly to that wallet in under two minutes. Bitstop operates on a noncustodial model — the company never holds customer funds. As the website states: "Your crypto goes directly to your wallet. Bitstop never holds your assets."

Transactions start at $10 and require no app. For customers who prefer mobile access, Bitstop's app displays real-time ATM availability, tracks purchase history, and shows portfolio balances.

Supported Assets

Bitstop ATMs support more than 15 digital assets, including:

• Bitcoin (BTC)
• Solana (SOL)
• Ethereum (ETH)
• Dogecoin (DOGE)
• Ripple (XRP)
• USD Coin (USDC)
• Tether (USDT)
• Litecoin (LTC)
• Pepe Coin (PEPE)
• Dogwifhat (WIF)
• PAX Gold (PAXG)
• Tether Gold (XAUt)

The multi-coin offering was expanded significantly in July 2025, when Bitstop announced it would make the full coin roster — including Solana — available at all locations nationwide. Doug Carrillo, Co-founder and Chief Strategy Officer, described the expansion as "bringing digital currency to the people, because that's what they're asking for."

Gold ATMs

Beyond cryptocurrency, Bitstop operates 50-plus dedicated Gold ATMs that dispense physical gold. Some machines handle both cryptocurrency and physical gold from a single unit — an unusual combination in the kiosk industry. The company has showcased this dual-asset technology at industry events, including the 2025 UNFI Holiday & Winter Show.

Scale and Locations

Bitstop's network spans more than 3,000 locations across the United States, placed in convenience stores, gas stations, check-cashing outlets, and grocery chains. In late 2025, Bitstop ATMs became available at Royal Farms locations, expanding access through that regional convenience chain. The company was one of the first operators to introduce Bitcoin ATMs in the U.S. when it launched in 2013, giving it over a decade of operational history in the space.

OTC Concierge Desk

For larger purchases, Bitstop offers a private over-the-counter desk that handles transactions between $10,000 and $100,000. Trades settle same-day via wire transfer, giving high-volume buyers an alternative to the ATM kiosk experience.

Rewards Program

In December 2024, Bitstop introduced the Bitstop Rewards Center, a loyalty program tied to ATM purchases. Details on earning rates and redemption options are available through the Bitstop mobile app.

Compliance

Bitstop is licensed as a Money Services Business (MSB) with FinCEN and holds state-level MSB licenses where required. Its NMLS registration number is 1833409. The company's compliance infrastructure supports its position as one of the larger regulated operators in the U.S. crypto ATM market.

Solana Ecosystem Fit

Bitstop does not build on Solana at the protocol level — it is an ATM operator that supports SOL purchases alongside other major assets. Its relevance to the Solana ecosystem is access-layer: it is one of the few cash-based on-ramps through which unbanked or cash-preferring users can acquire SOL without using a centralized exchange or completing standard KYC flows associated with those platforms. With 3,000-plus kiosk locations, Bitstop represents meaningful physical-world distribution for Solana onboarding.