Frequently Asked Questions About Localcoin Bitcoin ATM - The Tipsy Liquor
What is Localcoin?
Localcoin is Canada’s largest cryptocurrency ATM network that enables customers to buy cryptocurrency with cash at a physical location. Customers can visit one of our 950+ physical ATMs at our retail locations, composed primarily of convenience stores and gas stations.
What is Bitcoin?
Bitcoin is a decentralized digital currency, meaning it is not controlled by any government or central bank. Bitcoin can be used to buy goods and services online, and can also be held as an investment. Each Bitcoin is like a computer file that is stored in a 'digital wallet' app on a smartphone or computer. People can send Bitcoins to your digital wallet, and you can send Bitcoins to other people. Every single transaction is recorded in a public list called the blockchain.
What is a Bitcoin ATM?
A Bitcoin ATM is a machine that enables users to buy Bitcoin and other cryptocurrencies using cash. It functions similarly to a traditional ATM, enabling users to deposit cash and receive Bitcoin in their wallet, or sell bitcoin and receive cash.
How do I use a Bitcoin ATM?
Step 1: Get a Bitcoin Wallet:
We recommend the following easy-to-use Bitcoin wallets downloadable from your app store: Trust Wallet, Exodus or Coinbase Wallet
You'll need to take this wallet (or a printed QR code) with you, to the machine.
Step 2: Visit a Localcoin Bitcoin ATM
All you need is your wallet’s address, QR code and cash!
Step 3: At the Machine
a. Tap the machine's touchscreen, then read the on-screen prompt.
b. Select your desired cryptocurrency. (Bitcoin, Ethereum, LTC, etc.)
c. In your wallet, find the QR code. This tells the machine where to send your Bitcoin once you've confirmed your purchase.
d. Hold it up to the machine's camera and wait for it to be scanned.
Step 4: Purchasing Your Bitcoins
a. After scanning the QR code, insert your CAD bills.
b. Confirm the amount on the screen to complete your purchase.
c. Please note that there will be a service fee, which varies based on the Bitcoin market.
Step 5: Receiving Your Bitcoins
Once you've confirmed your purchase, your Bitcoins will be sent to the address you provided.
Transactions are usually instantaneous but may take anywhere between 10–30 minutes, or even 1–2 hours in rare cases.
What is a Bitcoin/Crypto Wallet and how do I get one?
A crypto wallet is a necessary part of holding and transacting crypto coins. To send or receive any kind of coin, you’ll need a secure wallet that’s just for cryptocurrency. These specialized wallets:
1. Exist to keep track of coin ownership
2. Help generate the public addresses you’ll need to make transactions.
3. Don’t hold your coins like a traditional wallet does; instead, your Bitcoin, Ether, Litecoin, etc. all exist on the blockchain — your crypto wallet simply gives you access to them.
You can download a crypto wallet from your app store, some easy-to-use mobile wallets include Trust Wallet and Blue Wallet.
What are the limits for purchasing Bitcoin?
The minimum amount of Bitcoins (and other coins) you can buy from a Localcoin ATM is $20 CAD. The maximum is $995 per transaction, with at most 5 transactions per day.
What payment methods are accepted?
We only accept Canadian cash bills. For other payment methods such as debit/credit cards, you can purchase online by visiting our website at localcoinatm.com
What other cryptocurrency coins do you sell at your Bitcoin ATMs?
We sell Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at our ATMs.
What is Localcoin and how does it work?
Localcoin is Canada's largest cryptocurrency ATM network that lets customers buy cryptocurrency with cash at 950+ physical ATMs located mostly in convenience stores and gas stations.
What is Bitcoin and how is it used?
Bitcoin is a decentralized digital currency not controlled by any government. It can be used to buy goods and services online or held as an investment, with transactions recorded on a public blockchain.
How do I use the Localcoin Bitcoin ATM at The Tipsy Liquor?
To use the ATM, get a Bitcoin wallet app like Trust Wallet or Coinbase Wallet, visit the ATM with your wallet's QR code and cash, select cryptocurrency, scan your QR code, insert cash, confirm the purchase, and your Bitcoins will be sent to your wallet address.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM?
The ATM sells Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether.
What are the purchase limits at the Localcoin Bitcoin ATM?
You can buy a minimum of $20 CAD and up to $995 per transaction, with up to 5 transactions allowed daily.
What payment methods are accepted at the Localcoin Bitcoin ATM?
Only Canadian cash bills are accepted. For debit or credit card purchases, you can buy online through their website.
What are the operating hours of the Localcoin Bitcoin ATM at The Tipsy Liquor in Beaumont?
The ATM operates daily from 10:00 AM. It stays open until 11:00 PM Sunday to Wednesday, and until midnight Thursday to Saturday.
Is the Localcoin Bitcoin ATM at The Tipsy Liquor wheelchair accessible?
Yes, it has wheelchair-accessible entrances and parking.
What nearby places can I visit before or after using the Localcoin Bitcoin ATM at The Tipsy Liquor?
You can visit nearby spots like Pizza Palazzo Beaumont for food, The Tipsy Liquor for more beverages, and Marble Slab Creamery for ice cream. These offer convenient options for dining or treats during your visit.
Are there convenient transit or services near the Localcoin Bitcoin ATM in Beaumont?
Nearby you can find Canco Beaumont and Husky gas stations for fueling your car, and Beaumont Chamber of Commerce for local business resources.
What entertainment or wellness options are close to the Localcoin Bitcoin ATM in Beaumont?
You can visit nearby venues like Sea Change Brewing Co for beer and dining, Snap Fitness gym for workouts, or Salon at Beausejour for beauty services.