Nevada’s crypto kiosks: Easy cash for scammers, weak rules for everyone else

Across Nevada, people are losing millions to crypto scams through machines that look like ATMs but work very differently. These kiosks, found in stores everywhere, let users swap cash for cryptocurrencies like Bitcoin or Ethereum instantly. The problem? Once money goes into these machines, it’s gone for good. Scammers love them because the transfers are fast, untraceable, and nearly impossible to reverse. Older adults are hit hardest, losing over $100 million nationwide last year alone. Scammers often pretend to be bank officials, tech support, or even police, telling victims they owe fines or need to “protect” their savings. In one case, a woman emptied her retirement savings at a convenience store kiosk, $100 at a time, while staff watched in disbelief.Nevada has nearly 450 of these machines, mostly in Clark County, but has no strict rules for them. While some operators must follow money-transmitter laws, there’s no cap on fees, no daily limits, and almost no consumer protections. Other states are stepping up—11 passed new laws last year, and Indiana banned these kiosks entirely. Nevada lags behind, leaving residents vulnerable. AARP argues that even if crypto itself isn’t the issue, the lack of safeguards makes scams too easy. They suggest limits on transactions, clear warnings, and ways to help victims recover lost funds. But so far, no such rules exist in Nevada.