Bitcoin ATM located in Vape In Paradise. 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 - Sugar Daddies
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 how does it work?
Localcoin is Canada’s largest cryptocurrency ATM network, allowing customers to buy cryptocurrency with cash at physical ATMs primarily located in convenience stores and gas stations.
What cryptocurrency coins can I purchase at this Localcoin Bitcoin ATM?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at this ATM.
Where is the Localcoin Bitcoin ATM located in Camrose?
It is located inside Vape In Paradise at 5018 50 Street, Camrose, Alberta.
What are the operating hours for the Localcoin Bitcoin ATM at Vape In Paradise?
The ATM is open Monday to Thursday from 8:00 AM to 10:00 PM, Friday and Saturday from 8:00 AM to 11:00 PM, and Sunday from 11:00 AM to 10:00 PM.
How do I use the Bitcoin ATM to buy cryptocurrency?
First, get a Bitcoin wallet app such as Trust Wallet or Coinbase Wallet and bring its QR code to the ATM. Then, select your cryptocurrency, scan your wallet's QR code at the machine, insert Canadian cash bills, confirm the amount including service fees, and your Bitcoins will be sent to your wallet usually within 10–30 minutes.
What payment methods does the Localcoin Bitcoin ATM accept?
The ATM accepts only Canadian cash bills for cryptocurrency purchases. Debit or credit card payments are not accepted at the machine but available online via the website.
What are the purchase limits for Bitcoin at this ATM?
You can buy a minimum of $20 CAD and up to a maximum of $995 CAD per transaction, with up to 5 transactions allowed per day.
Can I visit nearby places to combine errands or shopping with my visit to the ATM?
Yes, nearby you can visit Sugar Daddy's Convenience Store for specialty groceries, CamroseOutdoormarket for local farmers market products, or stop by Candler Art Gallery to browse local artwork.
Are there wellness options near the Localcoin Bitcoin ATM where I can relax before or after my visit?
Yes, nearby wellness options include Prism Cross Massage, 360 Degree Massage, Oak Branch Therapeutic Massage, Wildrose Community Acupuncture, and Studio Nine Yoga for holistic care and relaxation.
Can I grab a coffee or a drink after using the Bitcoin ATM nearby?
Certainly! You can visit Fox & Fable Book & Game Café, Strada Coffee Co., or Siaotea for bubble tea and smoothies, all located near the ATM.