Bitcoin ATM located in IGA Foodland. 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 - IGA Foodland
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 where can I find its Bitcoin ATM in Medicine Hat?
Localcoin is Canada's largest cryptocurrency ATM network allowing customers to buy cryptocurrency with cash. In Medicine Hat, the ATM is located inside IGA Foodland at 302 Maple Ave SE.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM at IGA Foodland?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at this ATM.
What are the operating hours of the Localcoin Bitcoin ATM at IGA Foodland?
The ATM is open daily from 8:00 AM to 9:00 PM.
How do I use the Localcoin Bitcoin ATM to buy cryptocurrency?
First, get a cryptocurrency wallet like Trust Wallet or Coinbase Wallet. Visit the ATM with your wallet's QR code and cash. At the ATM, select your cryptocurrency, scan your wallet's QR code, insert Canadian cash bills, confirm the amount, and the coins will be sent to your wallet.
What payment methods are accepted at the Localcoin Bitcoin ATM?
Only Canadian cash bills are accepted at the ATM. For other payment methods like debit or credit cards, purchases can be made online via their website.
Are there purchase limits when buying Bitcoin at this Localcoin ATM?
Yes, the minimum purchase amount is $20 CAD and the maximum per transaction is $995 CAD, with a maximum of 5 transactions allowed per day.
Is the Localcoin Bitcoin ATM at IGA Foodland accessible for wheelchair users?
Yes, the ATM location has a wheelchair accessible entrance and wheelchair accessible parking.
What nearby services can I access after using the Localcoin Bitcoin ATM at IGA Foodland?
Nearby there is IMG Foodland supermarket for groceries, Shelladams Signature Studio for beauty services, and Maple Guardian Drugs pharmacy. You can conveniently combine your crypto purchases with shopping or errands in the area.
How can the nearby Canadian Pacific Railway station assist customers visiting the Localcoin Bitcoin ATM?
The nearby Canadian Pacific Railway station offers transit access, making it easier for customers using public transportation to reach the Localcoin Bitcoin ATM at IGA Foodland.
Are there food options near the Localcoin Bitcoin ATM at IGA Foodland in Medicine Hat?
Yes, there are several nearby food establishments such as The Cecil Country Kitchen for breakfast and brunch, Subway sandwich shop, and Rosewood Bistro offering Canadian cuisine which you can visit before or after using the ATM.