Crypto ATMs and illegal promotions in the UK
Quick answer: No crypto ATMs are registered to operate legally in the UK. Avoid them. Crypto promotions to UK consumers must include risk warnings and be approved by an FCA-authorised firm. Free gifts, refer-a-friend bonuses and ‘guaranteed profit’ ads are red flags.
Crypto ATMs and glossy social media ads create a false sense of legitimacy. UK rules are strict — and many operations break them.
Crypto ATMs
The FCA states no crypto ATMs are registered for legal operation in the UK. Machines in shops may operate without permission — using them carries fraud and money-laundering risk.
Legal promotion requirements
From 2023 rules, most crypto promotions to UK consumers must be approved. Adverts should include clear risk warnings that you could lose all your money. Promotions without warnings may be illegal.
Red flags
Guaranteed returns, time pressure, celebrity endorsements, unregistered platforms, and WhatsApp investment groups. See our scam types hub.
Frequently asked questions
Can I report a TikTok crypto ad?+
Yes — to the FCA if it promotes an unregistered firm or lacks required warnings.