South Dakota Bitcoin ATM Regulations
South Dakota’s enacted SB 98 sets a $1,000 daily limit and $10,000 limit over 30 days for every user. Charges cannot exceed 25% of the transaction. The law requires licensing, fraud controls, disclosures, and refunds when its reporting conditions are met.
Review and sources
Summary reviewed: . Official source. This is a dated summary; later amendments may change these requirements.
Overview
South Dakota’s enacted SB 98 sets a $1,000 daily limit and $10,000 limit over 30 days for every user. Charges cannot exceed 25% of the transaction. The law requires licensing, fraud controls, disclosures, and refunds when its reporting conditions are met.
Sources and legislation
This summary covers selected kiosk provisions. Licensing, disclosures, identification, and refund conditions must be read in the full law.
Transaction limits and fees in South Dakota
New customers are limited to $1,000/day ($10,000 per 30 days for all users).
Existing customers are limited to $1,000/day.
Fees are capped at: 25%.
Anyone urging you to split a payment across several machines, operators or days to get around a limit is showing a common scam warning sign.
Key dates
- Enacted as: South Dakota 2026 SB 98.
- We last reviewed this summary against the official source on .
How South Dakota compares
South Dakota is one of 18 jurisdictions in our dataset with a kiosk-specific transaction limit, and one of 17 with a fee cap. See every state side by side on the regulations overview.
Rules change at the state line. If you live near a border, the kiosk you use may be governed by a neighbor's law:
| Neighboring state | Status | Daily limit | Fee cap |
|---|---|---|---|
| Iowa | Active | $1,000/day | Greater of $5 or 15% |
| Minnesota | Banned from August 1, 2026 | Prohibited | — |
| Montana | General (No State MTL) | None recorded | None recorded |
| Nebraska | Active | $2,000/day | 18% |
| North Dakota | General Licensing | None recorded | None recorded |
| Wyoming | General Licensing | None recorded | None recorded |
Federal rules that apply in South Dakota
State law sits on top of federal requirements that apply to every Bitcoin ATM operator in the United States, including in South Dakota:
- Money services business registration. Kiosk operators are money transmitters under the Bank Secrecy Act and must register with FinCEN.
- Anti-money-laundering program. Operators must run a written AML program with a compliance officer, training, and independent review.
- Reporting. Operators file Suspicious Activity Reports and Currency Transaction Reports for cash transactions over $10,000 in a day.
- Sanctions screening. Transactions involving sanctioned persons or wallets are prohibited under OFAC rules.
These federal duties explain why kiosks ask for a phone number, ID, or a selfie as amounts rise — identification tiers are how operators meet them.
Bitcoin ATM scam warnings
The biggest risk at a Bitcoin ATM is a scammer directing the payment. The same scripts appear in South Dakota as nationwide:
- Government or police impersonation — a caller says you owe a fine or your accounts are frozen and must be "protected" in Bitcoin.
- Tech-support and bank-fraud alerts — a pop-up or call claims your computer or bank account is compromised.
- Romance and investment schemes — an online contact steers you to "invest" or send help through a kiosk.
- Utility shut-off threats — a caller demands immediate payment to keep service on.
No government agency, utility, bank, or legitimate business asks to be paid through a Bitcoin ATM. If someone is on the phone telling you which buttons to press or gives you a QR code to scan, stop. Bitcoin transactions are generally irreversible once confirmed.
Find a Bitcoin ATM in South Dakota
Compare locations, operators, trust grades and reported hours in the South Dakota Bitcoin ATM directory, or read how Bitcoin ATM fees work before you go.
Frequently asked questions
Are Bitcoin ATMs legal in South Dakota?
Yes, Bitcoin ATMs can operate in South Dakota. South Dakota’s enacted SB 98 sets a $1,000 daily limit and $10,000 limit over 30 days for every user. Charges cannot exceed 25% of the transaction. The law requires licensing, fraud controls, disclosures, and refunds when its reporting conditions are met.
What is the Bitcoin ATM daily limit in South Dakota?
New customers: $1,000/day. Existing customers: $1,000/day.
Is there a cap on Bitcoin ATM fees in South Dakota?
Yes. Fees are capped at: 25%.
Where do I report a Bitcoin ATM scam in South Dakota?
Contact the operator's support line immediately (the number is on the kiosk and receipt), then file reports with local police, the FBI's Internet Crime Complaint Center (ic3.gov), and the FTC (reportfraud.ftc.gov). You can also contact the South Dakota regulator through the official source linked on this page.