At our Bitcoin ATM in Medicine Hat 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 - Hat News and Tobacco
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 in Medicine Hat?
Localcoin operates Canada's largest cryptocurrency ATM network, allowing customers in Medicine Hat to buy Bitcoin and other cryptocurrencies using cash at over 950 physical ATMs, including the one at Hat News and Tobacco.
How can I use the Localcoin Bitcoin ATM at 101 7 St SE?
To use the Localcoin Bitcoin ATM, get a cryptocurrency wallet app, visit the ATM with your wallet and cash, scan your wallet's QR code at the machine, insert cash, and confirm your purchase. Bitcoins are usually sent instantly to your wallet.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM in Medicine Hat?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the Localcoin Bitcoin ATM located at Hat News and Tobacco.
What are the opening hours of the Localcoin Bitcoin ATM at Hat News and Tobacco?
The Localcoin Bitcoin ATM at 101 7 St SE, Medicine Hat is open 24 hours a day, 7 days a week, with no closing times.
Are there accessibility features available at the Localcoin Bitcoin ATM location?
Yes, the Localcoin Bitcoin ATM at Hat News and Tobacco has a wheelchair accessible entrance and parking to accommodate customers with disabilities.
What nearby places can I visit before or after using the Localcoin Bitcoin ATM?
Nearby you can visit places like Hat News and Specialty Market for convenience store needs, Hat Liquor for beverages, and Bento Sushi for dining options.
Is there public transit or taxi services near the Localcoin Bitcoin ATM to help customers get there?
Yes, Care Cabs Ltd provides taxi services nearby which customers can use to reach the Localcoin Bitcoin ATM conveniently.
What health and wellness services are located near the Localcoin Bitcoin ATM?
Customers can find services like Sehn Physiotherapy, Lucent Health Ecosystems - Chiropractic and Massage Therapy, and JN Massagetherapy close to the Localcoin Bitcoin ATM location.
Can I combine my visit to the Localcoin Bitcoin ATM with shopping or pharmacy needs?
Yes, you can visit nearby Rexall or Hill Centre mettra Pharmacy for health-related purchases, or shop at the Hat News and Specialty Market or Voilà by Safeway Division Avenue for groceries and retail.
What should I know about payment options at the Localcoin Bitcoin ATM?
The Localcoin Bitcoin ATM accepts only Canadian cash bills for purchasing cryptocurrencies. Other payment methods like debit or credit cards are not accepted at the ATM, but you can purchase online via their website.