Bitcoin ATM located in Uncle Bill's. 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 - Uncle Bill's
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 offer at Uncle Bill's in Fort McMurray?
Localcoin is Canada’s largest cryptocurrency ATM network, allowing customers to buy cryptocurrency with cash at over 950 ATMs located mostly in convenience stores and gas stations, including the ATM at Uncle Bill's in Fort McMurray.
How do I use the Localcoin Bitcoin ATM at Uncle Bill's?
To use the ATM: 1) Get a cryptocurrency wallet app like Trust Wallet or Coinbase Wallet. 2) Visit the ATM with your wallet's QR code and cash. 3) Follow on-screen prompts to scan your wallet and insert cash. 4) Confirm your purchase and receive cryptocurrency sent to your wallet, usually instantly but can take up to 1-2 hours.
What cryptocurrencies can I buy at the Localcoin ATM in Fort McMurray?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the Localcoin ATM located at Uncle Bill's.
What are the purchase limits for Bitcoin at this 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 does the Localcoin ATM accept?
The ATM accepts Canadian cash bills only. For debit or credit card payments, customers can purchase cryptocurrency online at localcoinatm.com.
What are the operating hours of the Localcoin Bitcoin ATM at Uncle Bill's?
The ATM is open daily from 7:00 AM to 11:00 PM.
Is the Localcoin Bitcoin ATM at Uncle Bill's accessible for wheelchair users?
Yes, the location has wheelchair accessible parking available.
What nearby places can I visit before or after using the Localcoin ATM at Uncle Bill's?
You can visit nearby places such as 9Round Kickboxing Fitness for a workout, King Nails Fort McMurray for nail and waxing services, or the Wood Buffalo Small Animal Hospital if you need veterinary services.
How can nearby transit or local businesses help me find the Localcoin Bitcoin ATM at Uncle Bill's?
The ATM is located inside Uncle Bill's Convenience Store at 608 Signal Rd, Fort McMurray. Nearby landmarks like the YMCA Fort Mcmurray and Circle K convenience store can help orient you to the area.
Are there any dining options near the Localcoin Bitcoin ATM at Uncle Bill's?
Yes, nearby restaurants include Fake Restaurant (offering Thai, vegetarian, and pizza options), Hong Kong Eatery for Chinese and Asian cuisine, and Famous Wok for casual dining.