ATMCurrency Exchange ServiceBankMoney Transfer ServiceCryptocurrency ATM
Bitcoin ATM located in Wetaskiwin Co-op. 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 - Wetaskiwin Co-op
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 Bitcoin ATM at Wetaskiwin Co-op?
It is a Bitcoin ATM located inside the Wetaskiwin Co-op where customers can buy Bitcoin and other cryptocurrencies with cash.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at our ATMs.
What are the operating hours of the Localcoin Bitcoin ATM in Wetaskiwin?
The ATM is open daily from 6:00 AM to 11:00 PM.
What payment methods does the Localcoin ATM accept?
The ATM only accepts Canadian cash bills for purchasing cryptocurrency.
How do I use the Bitcoin ATM to buy cryptocurrency?
You need a crypto wallet app where you receive your coins, then visit the ATM, scan your wallet's QR code, insert cash, and confirm the purchase. The Bitcoin will be sent to your wallet usually within 10 to 30 minutes.
What are the daily purchase limits at the Localcoin Bitcoin ATM?
The minimum purchase per transaction is $20 CAD and the maximum is $995 CAD, with up to 5 transactions allowed per day.
What nearby gas stations can I visit along with the Localcoin Bitcoin ATM?
Nearby gas stations include Husky, Co-op Gas Bar, Petro-Canada, and 7-Eleven Canada where you can fuel up before or after using the ATM.
Are there nearby convenience stores and coffee shops near the Localcoin ATM?
Yes, 7-Eleven Canada and multiple Starbucks locations are nearby, offering food and drinks if you want to relax after your transaction.
What car dealerships are located near the Localcoin Bitcoin ATM in Wetaskiwin?
Nearby car dealerships include Ram Trucks Canada, Copper Motors, Sold By Eric, Legacy Dodge Wetaskiwin, and Chrysler Canada, which may be useful for customers needing automotive services during their visit.
Can I combine my visit to the Localcoin Bitcoin ATM with shopping or healthcare needs nearby?
Yes, Safeway Wetaskiwin supermarket and pharmacy, as well as the Wetaskiwin Community Health Centre, are nearby for your shopping and health service needs.