At our Bitcoin ATM in Edmonton you can buy Bitcoin and other popular cryptocurrency, such as Ethereum, Litecoin, and Dogecoin 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 - Liquor Planet
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 what services does it provide?
Localcoin is Canada's largest cryptocurrency ATM network, allowing customers to buy cryptocurrencies like Bitcoin with cash at physical retail locations, mainly convenience stores and gas stations.
How can I use a Bitcoin ATM at Localcoin?
To use a Localcoin Bitcoin ATM, you need a crypto wallet app, visit a Localcoin ATM, scan your wallet's QR code on the machine, insert cash, confirm the purchase, and receive your bitcoins which are typically sent instantly or within 1-2 hours.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM in Edmonton?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the Localcoin Bitcoin ATM.
What are the purchase limits at the Localcoin Bitcoin ATM?
The minimum purchase amount is $20 CAD and the maximum is $995 per transaction, with up to 5 transactions allowed per day.
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 purchase cryptocurrency online via their website.
What are the operating hours of the Localcoin Bitcoin ATM located at 11142 142 St NW, Edmonton?
The ATM is open daily from 11:00 AM to 12:00 AM midnight, except on Fridays and Saturdays when it opens an hour earlier at 10:00 AM.
Is the Localcoin Bitcoin ATM accessible to customers with disabilities?
Yes, it has wheelchair-accessible entrance and parking to accommodate customers with disabilities.
What nearby places can I visit when I come to the Localcoin Bitcoin ATM at Liquor Planet?
You can visit nearby places such as Pho 4 Seasons or Quan's Cafe for Vietnamese food, Panago Pizza for quick meals, Second Cup coffee shops for drinks, or visit the Liquor Planet store itself for beverages.
How can nearby transit or local services help me access the Localcoin Bitcoin ATM?
Nearby services like WEphysio Performance & Wellness or Coronation Dental indicate the ATM's placement in a well-served area, making it convenient for customers visiting health or wellness centers to also stop by the ATM.
What can I do in the area surrounding the Localcoin Bitcoin ATM besides using the ATM?
You can explore beauty salons like Luscious TBE Salon & Spa, shop at Awesome Blossom flower and gift shop, or visit Westmount Vision Care for optometry services conveniently close to the ATM location.