Bitcoin ATM located in Fabs Convenience 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 - Fabs Convenience 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 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 services does Localcoin Bitcoin ATM offer?
Localcoin Bitcoin ATM at Fabs Convenience Store allows you to buy Bitcoin and other popular cryptocurrencies using cash.
Where is Localcoin Bitcoin ATM - Fabs Convenience Store located?
It is located at 920 36 Street Northeast, Calgary, AB, T2A 6L8, Canada.
What are the operating hours of the Localcoin Bitcoin ATM at Fabs Convenience Store?
Open Monday to Friday from 7:00 AM to 11:00 PM, Saturday from 8:00 AM to 11:00 PM, and Sunday from 8:00 AM to 10:00 PM.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at our ATM.
What payment methods are accepted at Localcoin Bitcoin ATM?
We only accept Canadian cash bills at our ATMs. Other payment options, like debit or credit cards, are available for online purchases.
What are the purchase limits for Bitcoin at Localcoin ATM?
The minimum purchase is $20 CAD, and the maximum is $995 per transaction, with a limit of 5 transactions per day.
How do I use the Bitcoin ATM at Fabs Convenience Store?
Get a Bitcoin wallet app like Trust Wallet or Coinbase Wallet, visit the ATM with your wallet QR code and cash, select your cryptocurrency, scan your QR code, insert cash, and confirm the purchase on-screen.
What are some nearby places I can visit after using the Localcoin Bitcoin ATM?
You can visit nearby places like Emmanual Meatshop for fresh meat, Gong Cha Marlborough for bubble tea, or May Rose Florist for flowers and gifts after your ATM visit.
Are there convenient food and drink options close to the Localcoin Bitcoin ATM?
Yes, nearby options include The Roti Hut (Caribbean and American food), Tim Hortons (coffee and breakfast), and D Spot Dessert Cafe for sweets and smoothies.
What services are available nearby for travelers using Localcoin Bitcoin ATM?
Big Ben Travel offers travel services and airlines nearby, and Remedy'sRx Vista Pharmacy & Travel Clinic provides medical supplies and travel health support.