Bitcoin ATM located in Redcliff Family Foods. 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 - Redcliff Family Foods
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?
Localcoin is Canada’s largest cryptocurrency ATM network that enables customers to buy cryptocurrency with cash at physical locations, primarily convenience stores and gas stations.
What cryptocurrencies can I buy at Localcoin Bitcoin ATM in Redcliff?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the Localcoin Bitcoin ATM.
Where is the Localcoin Bitcoin ATM in Redcliff located?
It is located inside Redcliff Family Foods at 615 Broadway Avenue East, Redcliff, Alberta.
What are the operating hours of the Localcoin Bitcoin ATM at Redcliff Family Foods?
The ATM is open Monday to Saturday from 8:00 AM to 9:00 PM and Sunday from 9:00 AM to 9:00 PM.
How do I use the Bitcoin ATM to purchase cryptocurrency?
First, download a cryptocurrency wallet app such as Trust Wallet, Exodus, or Coinbase Wallet. Visit the ATM with your wallet’s QR code and cash. Select your desired cryptocurrency, scan your wallet’s QR code, insert cash, confirm your purchase amount including service fees, and the cryptocurrency will be sent to your wallet usually within minutes.
What are the transaction limits for buying Bitcoin at this ATM?
You can buy a minimum of $20 CAD and up to a maximum of $995 CAD per transaction, with a limit of 5 transactions per day.
What payment methods are accepted at the Localcoin Bitcoin ATM?
The ATM accepts only Canadian cash bills for cryptocurrency purchases.
Are there any other services or places near the Localcoin ATM where I can shop or dine?
Yes, besides Redcliff Family Foods supermarket where the ATM is located, nearby options include Wendy's for fast food, Ruben's Veggies Garden Center for gardening needs, and several gas stations like South Country Co-op Redcliff Gas Bar.
How can the nearby Redcliff Family Foods help customers visiting the Localcoin Bitcoin ATM?
While visiting the ATM at Redcliff Family Foods, customers can conveniently shop for groceries, meats, and other essentials in the same trip, making it a practical one-stop visit.
What local amenities can I find near the Localcoin ATM for additional services?
Nearby amenities include the Servus Credit Union for banking, Redcliff Splash 'N' Dash Car Wash for vehicle cleaning, Rootz Hair Salon for beauty services, and Redcliff Museum and Historical Society for local history exploration.