At our Bitcoin ATM in Edmonton you can buy Bitcoin and other popular cryptocurrency, such as Ethereum and Litecoin, with cash. With Canada's largest network of Bitcoin ATMs, 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 - Fas Gas 118 Ave
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?
Localcoin is Canada’s largest cryptocurrency ATM network enabling customers to buy cryptocurrency with cash at over 950 physical ATMs in convenience stores and gas stations.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM - Fas Gas 118 Ave?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at this ATM.
How do I use the Bitcoin ATM at Localcoin Bitcoin ATM - Fas Gas 118 Ave?
First, download a Bitcoin wallet app such as Trust Wallet or Coinbase Wallet. Then visit the ATM, scan your wallet's QR code, insert cash, confirm the amount, and the cryptocurrency will be sent to your wallet, typically instantaneously but may take up to 1-2 hours in rare cases.
What are the operating hours of the Localcoin Bitcoin ATM at Fas Gas 118 Ave in Edmonton?
The ATM operates from 5:00 AM to 10:00 PM Monday through Saturday, and is closed on Sundays.
What payment methods does the Localcoin Bitcoin ATM accept?
The ATM accepts only Canadian cash bills. For other payment options such as debit or credit cards, purchases can be made online via their website.
Are there any accessibility features available at the Localcoin Bitcoin ATM - Fas Gas 118 Ave?
Yes, the location offers wheelchair-accessible parking for convenience.
How can nearby locations like Fas Gas Plus be useful when visiting the Localcoin Bitcoin ATM at 118 Ave NW?
Fas Gas Plus, being a gas station, convenience store, and car wash, allows customers to fuel their vehicles or grab essentials while using the Bitcoin ATM, making it a convenient stop for multiple needs.
What nearby automotive services can assist customers visiting the Localcoin Bitcoin ATM at Fas Gas 118 Ave?
Nearby automotive businesses such as U-Haul Neighborhood Dealer for truck rentals and All Tec Auto Care for repairs can assist customers with vehicle needs before or after visiting the ATM.
Are there any nearby shopping or specialty stores to visit around the Localcoin Bitcoin ATM - Fas Gas 118 Ave location?
Yes, customers can explore several local shops including Rainbow Sportswear Manufacturing, Bulk Buy Wholesale grocery store, and the antique shop Solo Auction, making it an ideal area for combined errands.
Where can I find more information or updates about Localcoin Bitcoin ATM services?
You can visit their official website at https://localcoinatm.com/bitcoin-atm/alberta/edmonton/one_minute_foods-at-13402-66-st-nw/ or their Facebook page at https://www.facebook.com/LocalcoinATM for the latest information and updates.