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 - Midway Esso
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 offering over 950 physical ATMs primarily in convenience stores and gas stations where customers can buy cryptocurrency with cash.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM - Midway Esso?
You can purchase Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the ATM.
How do I use the Localcoin Bitcoin ATM to buy Bitcoin?
Obtain a Bitcoin wallet app like Trust Wallet, then visit the ATM with your wallet's QR code and cash. Scan the QR code at the machine, insert cash, confirm the purchase, and your Bitcoins will be sent to your wallet address, typically within minutes.
What are the transaction limits when buying Bitcoin at this ATM?
Minimum purchase is $20 CAD per transaction, with a maximum of $995 per transaction and up to 5 transactions allowed per day.
What payment methods are accepted at the Localcoin Bitcoin ATM - Midway Esso?
The ATM accepts Canadian cash bills only. Other payment methods like debit or credit cards can be used to purchase cryptocurrency online via the Localcoin website.
What are the operating hours of the Localcoin Bitcoin ATM at Midway Esso?
The ATM is open daily from 7:00 AM to 11:00 PM, seven days a week.
Is the Localcoin Bitcoin ATM - Midway Esso accessible?
Yes, the location has wheelchair accessible entrance and parking available for customers.
What nearby places can I visit before or after using the Localcoin Bitcoin ATM?
Nearby you can visit restaurants like Triple O's, Mary Brown's, and Red Tomato Pies, or enjoy a coffee at Second Cup. These places offer convenient options for dining and refreshments around your visit.
How can nearby transit and community spots help me find the Localcoin Bitcoin ATM - Midway Esso?
Landmarks such as the Lacombe Pentecostal Church and Lacombe Golf and Country Club are close by and can assist you in locating the ATM easily.
Are there any nearby eateries or bars to relax at after using the Localcoin Bitcoin ATM?
You can visit The Deck Bar & Grill for a meal or drinks, or enjoy some local flavor at Liquor Farm, which is a liquor store and whiskey bar nearby.