Bitcoin ATM to demo this week at Bitcoin 2013

Robocoin Kiosk, a machine that lets people buy and sell bitcoins, will be demonstrated at the #Bitcoin2013 conference this weekend.

AccessTimeIconMay 15, 2013 at 1:06 p.m. UTC
Updated Sep 10, 2021 at 10:46 a.m. UTC

The race to produce commercial bitcoin ATMs is heating up. A group of entrepreneurs is set to showcase one this week.

, a machine that lets people buy and sell bitcoins, will be demonstrated at the Bitcoin 2013 conference this weekend.

The machine lets users insert dollars and then retrieve bitcoins by scanning a QR code with their bitcoin address. Alternatively, the Mt. Gox-linked device enables customers to redeem bitcoins for US dollars by scanning an address displayed on the kiosk's screen with their mobile wallet. They can then scan a receipt printed by the kiosk to collect the money. However, transaction processing for bitcoin sales can take around ten minutes, the web site says.

This isn't the only bitcoin ATM project out there. Coindesk previously reported on Bitcoin ATM, which was supposed to roll out in locations including San Diego, and Cyprus. However, co-founder Jeff Berwick publicly and acrimoniously split with the project, and its web site and Facebook page hasn't been updated in two weeks.

Then, there's Lamassu, a smaller ATM device designed to let users buy bitcoins with physical currency.

Which one will make it out of the gate and onto the street first?


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.