Americans lost more than $388 million to crypto kiosk scams in 2025, with the FBI warning that criminals are increasingly directing victims to transfer funds through these machines.

Cryptocurrency kiosks, popularly known as Bitcoin ATMs, are physical automated teller machines that allow users to buy cryptocurrencies with cash or card, and some also let users sell digital assets for cash. Like regular ATMs, they are commonly located in public places with high foot traffic.

“In typical [Internet Crime Complaint Center] complaints involving cryptocurrency kiosks, criminals give detailed instructions to individuals, including how to withdraw cash from their bank, how to locate a kiosk, and how to deposit and send funds using the…