Bitcoin ATM located in Shell Drayton Valley. 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 - Shell Drayton Valley
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 where can I find its Bitcoin ATM in Drayton Valley?
Localcoin is Canada’s largest cryptocurrency ATM network that allows customers to buy cryptocurrency with cash at physical locations. In Drayton Valley, you can find the Localcoin Bitcoin ATM at Shell located at 5733 50 Avenue.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM in Shell Drayton Valley?
You can purchase Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the Localcoin Bitcoin ATM.
What are the operating hours of the Localcoin Bitcoin ATM at Shell Drayton Valley?
The Bitcoin ATM is available daily from 6:00 AM to 10:00 PM.
How do I use the Bitcoin ATM to buy cryptocurrencies?
First, get a Bitcoin wallet from recommended apps like Trust Wallet, Exodus, or Coinbase Wallet. At the machine, select your cryptocurrency, scan your wallet's QR code, insert cash, confirm your purchase including service fees, and your cryptocurrency will be sent to your wallet usually within 10-30 minutes.
What payment methods are accepted at the Localcoin Bitcoin ATM?
Only Canadian cash bills are accepted at Localcoin Bitcoin ATMs. For debit or credit card payments, you can buy cryptocurrencies online at localcoinatm.com.
What are the purchase limits at the Localcoin Bitcoin ATM in Drayton Valley?
The minimum purchase amount is $20 CAD, and the maximum is $995 per transaction, with up to 5 transactions allowed per day.
Where exactly is the Localcoin Bitcoin ATM located within Shell Drayton Valley?
The ATM is located inside the Shell gas station convenience store at 5733 50 Avenue, Drayton Valley, Alberta.
Are there any nearby places where I can grab a meal after using the Bitcoin ATM?
Yes, you can visit nearby restaurants like The Great Greek Mediterranean Grill, Edo Japan, Tim Hortons, Wendy's, KFC, Subway, or Pizza Hut which are all conveniently close to the Shell Drayton Valley location.
Can I get my car washed close to the Localcoin Bitcoin ATM?
Yes, there are car wash services nearby including Drayton's Pride Car & Truck Wash and Sparkle Car & Truck Wash located near the Shell station where the ATM is found.
Is the Localcoin Bitcoin ATM easily accessible if I'm traveling through Drayton Valley by car?
Absolutely, the ATM is located at Shell Drayton Valley, a gas station and convenience store, making it easy for travelers to stop by for fuel, snacks, or crypto transactions.