Cash2Bitcoin
Dearborn-based Bitcoin ATM network — Genmega hardware across 30 states with buy & sell support
Cash2Bitcoin (Digital Access, LLC) has accumulated three consent orders in three different states — Alabama (2022), Connecticut (2025), and Minnesota (2025) — all for the same violation: operating Bitcoin ATMs without required money transmission licenses. The pattern is notable: the company entered each state, began transacting, then applied for licensure after the fact. In Minnesota, Cash2Bitcoin chose to exit the state entirely rather than obtain a license. The mitigating factor is that all three matters were resolved cooperatively, with relatively modest penalties totaling ~$79,500 combined, and no allegations of fraud or consumer harm beyond the licensing violations themselves. The Connecticut order specifically notes that Cash2Bitcoin successfully blocked two scam transactions during the period in question. The A rating reflects that all actions are resolved and the violations are regulatory (unlicensed operation) rather than consumer harm, but the repeat pattern across multiple states is a concern.
About Cash2Bitcoin
Cash2Bitcoin is a Dearborn, Michigan-based Bitcoin ATM operator founded in 2016 by CEO Ayman Rida. The company operates under the legal entity Digital Access, LLC and also uses the brand names CedarBTM, 247 Bitcoin ATM Nearby, and 247 Bitcoin Near ME. With approximately 630 ATMs across 30 states, Cash2Bitcoin has built a mid-sized national network focused on convenience store and gas station placements.
Cash2Bitcoin operates on Genmega hardware, specifically the Gemini ATM terminal, and supports both buying and selling Bitcoin, Litecoin, and Ethereum. The company offers a mobile wallet app and a daily purchase limit of up to $50,000 for verified users.
Visit cash2bitcoin.com for more information.
Genmega Hardware
Gemini ATM terminals
Buy & Sell
Two-way transactions
Multi-Crypto
BTC, LTC, ETH
30 States
National coverage
High regulatory risk - review details before transacting
Consent Order for unlicensed money transmission in Minnesota in violation of Minn. Stat. § 53B.36. Cash2Bitcoin voluntarily removed all kiosks from Minnesota and does not intend to return. Paid $6,500 civil penalty plus $135 investigative costs.
Consent Order for unlicensed money transmission in Connecticut since at least 2024. Two consumer complaints resulted in virtual currency being transmitted to third parties. Digital Access argues complainants circumvented safeguards and notes it blocked two additional scam attempts. Paid $10,000 civil penalty plus restitution to two consumers. License application not adversely affected.
Consent Order (CO-2022-0018) for unlicensed money transmission in Alabama. Digital Access operated ATMs from August 2021 through January 2022 without a license, processing $272,744 in transactions and earning $13,637 in commissions. Paid $12,000 administrative assessment plus $1,500 investigation costs. License application allowed to continue.