Bitcoin ATM located in Bonnyville Shell. You can buy Bitcoin and other popular cryptocurrency at our ATM with cash. Localcoin is a Toronto-based company whose mission is to provide a simple buying & selling experience of digital currency for customers while upholding privacy standards across North America
Frequently Asked Questions About Localcoin Bitcoin ATM - Bonnyville Shell
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?
Localcoin is Canada’s largest cryptocurrency ATM network, allowing customers to buy cryptocurrency with cash at over 950 physical ATMs mainly located in convenience stores and gas stations.
How do I use the Localcoin Bitcoin ATM at Bonnyville Shell?
To use the Bitcoin ATM, get a crypto wallet app like Trust Wallet, visit the ATM with your wallet’s QR code and cash, select your cryptocurrency, scan your QR code at the machine, insert cash, confirm the purchase, and receive Bitcoins in your wallet usually within 10-30 minutes.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM - Bonnyville Shell?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at this ATM.
What are the purchase limits for buying Bitcoin at this ATM?
The minimum purchase amount is $20 CAD; the maximum is $995 per transaction, with up to 5 transactions allowed per day.
What payment methods are accepted at the Localcoin Bitcoin ATM in Bonnyville?
The ATM accepts only Canadian cash bills for purchases. Debit or credit cards are not accepted at the ATM, but online purchases can be made via their website.
What are the operating hours of the Localcoin Bitcoin ATM at Bonnyville Shell?
The ATM is open Monday to Saturday from 6:00 AM to 10:00 PM and Sunday from 7:00 AM to 9:00 PM.
Where is the Localcoin Bitcoin ATM located in Bonnyville?
It is located inside the Bonnyville Shell at 6608 50 Avenue, Bonnyville, Alberta, Canada.
What nearby places can I visit before or after using the Localcoin Bitcoin ATM in Bonnyville?
Nearby you can visit The Chopped Leaf for healthy meals, Tim Hortons for coffee, or the Buffalo Trail Liquor Store. These places offer options for dining and refreshments around your ATM visit.
How can nearby gas stations like Shell help customers accessing Localcoin Bitcoin ATM?
Since the ATM is located inside the Bonnyville Shell gas station, customers can easily fuel their vehicles and access the ATM conveniently in one stop, making transactions simple during their visit.
What entertainment or accommodation options are near the Localcoin Bitcoin ATM in Bonnyville?
Nearby are places like Fifty 11 Kitchen and Patio, which offers meals and cinema, and Bonnyville Neighbourhood Inn, providing lodging and breakfast options for visitors.