Bitcoin ATM located in Red Basket Food Store. 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 - Red Basket Food Store
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 BRD Wallet, Bitpay, and Blockchain.
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 where can I find its Bitcoin ATM in Brooks, Alberta?
Localcoin is Canada’s largest cryptocurrency ATM network allowing customers to buy cryptocurrency with cash at physical retail locations, primarily convenience stores and gas stations. In Brooks, Alberta, you can find a Localcoin Bitcoin ATM at the Red Basket Food Store at 1320 2a St W.
How does a Bitcoin ATM work at Localcoin?
A Bitcoin ATM lets you buy cryptocurrencies using cash. You scan your crypto wallet's QR code on the ATM, insert cash, and the machine sends the purchased cryptocurrency to your wallet. You can also sell crypto for cash. Localcoin ATMs offer this convenient service.
Which cryptocurrencies can I buy at the Localcoin Bitcoin ATM in Brooks?
You can purchase Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the Localcoin Bitcoin ATM located in the Red Basket Food Store.
What are the transaction limits at the Localcoin Bitcoin ATM?
You can purchase a minimum of $20 CAD and up to $995 CAD per transaction, with a maximum of 5 transactions allowed per day at the Localcoin Bitcoin ATM.
What payment methods are accepted at the Localcoin Bitcoin ATM?
Only Canadian cash bills are accepted at Localcoin Bitcoin ATMs. For other payment methods like debit or credit cards, purchases can be made online via their website.
What are the Localcoin Bitcoin ATM's operating hours in Brooks?
The Localcoin Bitcoin ATM at Red Basket Food Store is open 24 hours a day, 7 days a week, providing round-the-clock access for customers.
Is the Localcoin Bitcoin ATM accessible for people with disabilities?
Yes, the Localcoin Bitcoin ATM in Brooks has wheelchair-accessible entrances and parking, ensuring accessibility for all customers.
Can I visit other nearby places when I go to the Localcoin Bitcoin ATM?
Absolutely! The Localcoin ATM is located inside Red Basket Food Store, a convenience store and gas station. Nearby, you can also visit Shell or Husky gas stations, McDonald’s or Tim Hortons for food, and the Canalta Hotel Brooks if you need accommodation.
How can nearby establishments help me during my visit to Localcoin Bitcoin ATM?
Nearby gas stations like Shell and Husky provide fuel and convenience services, while fast food restaurants such as McDonald's Canada and Tim Hortons offer dining options before or after your crypto transaction. For longer stays, Canalta Hotel Brooks is nearby for accommodation.
What other services are available near the Localcoin Bitcoin ATM for customers?
Nearby you can find automotive repair shops like Franklin's Integra Tires LTD., tire shops, financial services at Cashco Financial, beauty salons like Ebony Cosmetics and Hair Lounge, and parks such as Dinosaur Provincial Park for recreational visits.