Full-Time
Senior Software Engineer
Full Stack
Bitcoin Depot
201-500 employees
Operates Bitcoin ATMs and cash-to-crypto services
No salary listed
Remote in USA
Remote
 Software Engineering (1) |
|---|
- 7+ years experience creating responsive, resilient software products
- Demonstrated experience knowing when to make surgical improvements vs large scale change
- Must ensure what is developed is modular and testable
- Experience refactoring, improving, and reviewing existing code
- Experience in building alongside Quality Assurance teams, providing technical documentation, and working in Continuous Delivery
- Experience working in an Agile/Scrum development environment
- Design, develop, and implement new software services and features
- Maintain and improve (refactor/document) the existing product
- Clearly communicate timelines, estimates, and options to non-technical management
- Collaborate with other technology teams and work with your fellow developers to reliably execute and consistently deliver on goals
- Work directly with product managers to transform user needs into technical requirements
- Implement product requirements with minimal guidance from other engineers and leadership
- Take ownership of entire systems and large software projects
- Assist with mentoring junior team members
- Proactively identify, communicate, and resolve software defects and security vulnerabilities
- Create concise design documents and diagrams to efficiently communicate solutions
Bitcoin Depot helps people convert cash into Bitcoin through multiple channels across North America. It operates Bitcoin ATMs where users insert cash to receive Bitcoin in their wallet, BDCheckout at over 6,000 retail checkout points to fund Bitcoin wallets, and online purchases of Bitcoin via debit/credit card with Simplex. The service works by charging transaction fees on each cash-to-Bitcoin or online purchase, which is the company’s main revenue. The company differentiates itself with the largest North American network of Bitcoin kiosks and retail partners, catering especially to cash users, unbanked individuals, and those who want quick access to cryptocurrency without traditional banks. Its goal is to make entering the digital currency market easy and accessible for a broad set of customers.
Company Size
201-500
Company Stage
IPO
Headquarters
Atlanta, Georgia
Founded
2016
Simplify's Take
What believers are saying
- Alex Holmes' appointment drives compliance edge amid fee cap regulations.
- Kutt acquisition enters $165B social betting market with P2P wagering.
- $7M debt cut via Silverview deal enhances investment flexibility.
What critics are saying
- Massachusetts lawsuit claims Bitcoin Depot enabled $10M+ scams via kiosks.
- March 2026 hack stole 50.9 BTC ($3.7M) from corporate wallets.
- Connecticut order suspends license for exceeding 15% fees on 1,000 transactions.
What makes Bitcoin Depot unique
- Largest North American Bitcoin ATM network with over 7,000 kiosks.
- BDCheckout enables crypto buys at 16,000+ retail locations across 33 states.
- Acquired National Bitcoin ATM, boosting U.S. market share to 30%.
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Benefits
Health benefits + employer contribution
Premium coffee & gourmet teas
Weekly catered lunch
Monthly company outings & celebrations
Quarterly philanthropy activity
Company paid fitness pass
401k matching
Company News
Bitcoin Depot disclosed in an SEC filing that hackers stole approximately 50.9 BTC, valued at $3.665 million, from company-controlled wallets on 23 March. The attackers gained access to the company's IT systems and obtained credentials for digital asset settlement accounts. The Bitcoin ATM operator has activated incident response protocols and engaged external cybersecurity experts whilst notifying law enforcement authorities. Bitcoin Depot stated that customer-facing platforms and user data remained unaffected by the breach. The company classified the incident as material to its operations, citing potential reputational damage alongside legal, regulatory and incident response costs. This marks at least the second known security incident at Bitcoin Depot, following a 2023 breach affecting 58,000 users. Shares in Bitcoin Depot are down 44% over the last 30 days.
Bitcoin Depot has replaced CEO Scott Buchanan and scaled back founder Brandon Mintz's role, appointing former MoneyGram chief Alex Holmes as the new leader. The shake-up follows a Connecticut cease-and-desist order shutting down the company's machines in the state for allegedly violating fee caps. The world's largest crypto ATM operator faces mounting regulatory pressure. Connecticut authorities found over 1,000 transactions where users were charged above the state's 15% fee limit and accused the company of failing to refund fraud victims. Bitcoin Depot's stock has fallen nearly 70% over the past year as compliance costs squeeze margins. Holmes's appointment signals a shift from aggressive expansion to strict compliance. His experience running MoneyGram's regulated remittance network suggests Bitcoin Depot is adapting to stricter oversight of physical crypto access points.
Bitcoin Depot Inc is set to release its Q4 2025 earnings on 16 March 2026. Analysts expect Q4 revenue of $113.93 million with a loss of $0.47 per share. Full-year 2025 revenue is forecast at $612.74 million with earnings of $2.59 per share. In the previous quarter, the company's revenue of $162.48 million beat expectations by 7.77%, but earnings of $0.56 per share missed estimates by 15.79%. The stock fell 17.53% following that release. Three analysts have set an average one-year price target of $25.20, suggesting a 453.85% upside from the current price of $4.55. The average brokerage recommendation is 2.3, indicating an "outperform" rating. Revenue and earnings estimates have remained flat over the past 90 days.
Bitcoin Depot, a US-based Bitcoin ATM operator, has acquired Kutt, a peer-to-peer social betting platform that enables users to wager directly against each other on sports, entertainment and user-generated events. The acquisition marks Bitcoin Depot's first entry into the social betting market as it diversifies beyond its core Bitcoin ATM business. Founded in 2022, Kutt operates in most US states and removes the traditional sportsbook house from betting, allowing users to set their own terms. The platform is positioned within a fast-growing fintech segment, with Americans wagering over $165 billion through US sportsbooks in 2025. Kutt will continue operating under its existing brand with its leadership team remaining in place. Bitcoin Depot has operated over 9,000 kiosk locations globally as of August 2025.
Bitcoin Depot has amended its credit agreement with Silverview Credit Partners and other lenders, making a $7.0 million payment that reduces both Tranche A and Tranche B Term Loans by $3.5 million each. The amendment, signed on 19 December 2025, also updates the remaining amortisation schedule. The agreement raises the monetary judgement threshold for an Event of Default to $3.5 million and provides exceptions for certain existing matters. Bitcoin Depot says the changes are designed to lower debt and enhance financial flexibility. The amendment represents the second modification to the company's Second Amended and Restated Credit Agreement with Silverview Credit Partners.