Bitcoin ATM located in Liquor Island. 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
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Frequently Asked Questions About Localcoin Bitcoin ATM - Liquor Island
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 Bitcoin ATM at Liquor Island?
Localcoin Bitcoin ATM at Liquor Island is a cryptocurrency ATM located in Edmonton where you can buy Bitcoin and other popular cryptocurrencies with cash.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM - Liquor Island?
You can purchase Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the ATM.
What are the operating hours of Localcoin Bitcoin ATM - Liquor Island?
The ATM is open Monday to Wednesday from 11:00 to 23:00, Thursday from 10:00 to 23:00, Friday and Saturday from 10:00 to 00:00, and Sunday from 10:00 to 23:00.
How can I use the Bitcoin ATM at Liquor Island?
To use the ATM, get a crypto wallet such as Trust Wallet or Coinbase Wallet, visit the machine with your wallet's QR code, select cryptocurrency, scan your wallet QR code at the machine, insert cash, and confirm the purchase. Bitcoins are usually sent instantly but may take up to 2 hours in rare cases.
What payment methods are accepted at the Localcoin Bitcoin ATM?
The ATM accepts only Canadian cash bills for purchases. For other payment methods like debit or credit cards, you can buy online via their website.
Are there any purchase limits at the Localcoin Bitcoin ATM?
Yes, the minimum purchase is $20 CAD, and the maximum is $995 per transaction with up to 5 transactions allowed per day.
Does the Localcoin Bitcoin ATM at Liquor Island have wheelchair accessible parking?
Yes, the location offers wheelchair accessible parking.
What nearby places can I visit before or after using the Localcoin Bitcoin ATM at Liquor Island?
You can visit nearby places such as Lecky School of Dancing for dance classes, McJim's and Sisters' Food Express for authentic Filipino meals, or The Bella Spa for beauty and spa services.
Are there any nearby restaurants close to the Localcoin Bitcoin ATM - Liquor Island?
Yes, nearby restaurants include La Perle Restaurant and Bar offering Chinese cuisine, Kokoriko Fried Chicken for pizza and burgers, and Vietnam Kitchen Edmonton for Vietnamese dishes.
How can nearby services like Alice Acupuncture Therapy Clinic or Core Dental Group complement a visit to Localcoin Bitcoin ATM?
While visiting the ATM, you can also access wellness services at Alice Acupuncture Therapy Clinic or dental care at Core Dental Group nearby, combining your errands efficiently.