Bitcoin ATM located in Am:Pm Vapes. 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 - Am:Pm Vapes
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 Trust Wallet and Blue Wallet.
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 Red Deer?
Localcoin is Canada's largest cryptocurrency ATM network, allowing customers to buy cryptocurrency with cash at physical locations. In Red Deer, you can find a Localcoin Bitcoin ATM at Am:Pm Vapes, 88 Howarth Street.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM at Am:Pm Vapes?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at Localcoin Bitcoin ATMs.
What are the operating hours of the Localcoin Bitcoin ATM at Am:Pm Vapes?
The Localcoin Bitcoin ATM at Am:Pm Vapes is open 24 hours a day, seven days a week.
How do I use the Localcoin Bitcoin ATM to buy cryptocurrency?
First, get a cryptocurrency wallet such as Trust Wallet, Exodus, or Coinbase Wallet. Then, visit the Localcoin Bitcoin ATM with your wallet's QR code and cash. Follow the on-screen prompts to select your desired cryptocurrency, scan your wallet QR code, insert Canadian cash bills, and confirm your purchase. Your Bitcoin or other cryptocurrency will be sent to your wallet, typically within 10–30 minutes.
What are the purchase limits when using the Localcoin Bitcoin ATM?
The minimum purchase amount is $20 CAD and the maximum is $995 per transaction. You can perform up to 5 transactions per day.
What payment methods does the Localcoin Bitcoin ATM accept?
The Localcoin Bitcoin ATM accepts only Canadian cash bills. For other payment methods like debit or credit cards, purchases can be made online via their website.
What is a Bitcoin ATM and how does it work?
A Bitcoin ATM allows users to buy and sell Bitcoin and other cryptocurrencies using cash. It functions like a traditional ATM where you insert cash and receive cryptocurrency in your wallet, or sell cryptocurrency and receive cash.
What nearby places can I visit around Localcoin Bitcoin ATM at Am:Pm Vapes?
Near Localcoin Bitcoin ATM at Am:Pm Vapes, you can visit The Pizza Boxx for a quick meal, Sharper Image Hair Design for hair and beauty services, and Highland Green Remedy's Rx Pharmacy for medical needs. These locations provide convenient services that complement your visit to the Bitcoin ATM.
Are there nearby convenience stores or gas stations near the Localcoin Bitcoin ATM?
Yes, the Localcoin Bitcoin ATM is located primarily in retail locations such as convenience stores and gas stations. Nearby, you can find Liquor Depot, On The Run Convenience Store, and Chevron Gas Station, which could be handy for additional shopping or fueling needs when visiting the ATM.
What recreational or community places are near the Localcoin Bitcoin ATM in Red Deer?
Nearby recreational and community places include the Elks Hall B P O E No 85, Red Deer Elks Lodge community center, and the Centre For Spiritual Living. These spots offer social and spiritual activities you might consider before or after using the Bitcoin ATM.