Bitcoin ATM located in Cranbrook Co-op Gas Bar. 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 - Cranbrook Co-op Gas Bar
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 ATMs?
Localcoin is Canada’s largest cryptocurrency ATM network, allowing customers to buy cryptocurrency with cash at physical locations such as convenience stores and gas stations.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM in Cranbrook?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the ATM.
How do I use the Localcoin Bitcoin ATM located at Cranbrook Co-op Gas Bar?
You need a cryptocurrency wallet to start. Download an app like Trust Wallet, Exodus, or Coinbase Wallet. Then visit the ATM, scan your wallet's QR code, insert Canadian cash, confirm the amount, and your purchased cryptocurrency will be sent to your wallet, usually within 10-30 minutes.
What are the operating hours for the Localcoin Bitcoin ATM at Cranbrook?
The ATM is available daily from 6:00 AM to 10:00 PM.
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, you can purchase online via their website.
What is the purchase limit for Bitcoin at this Localcoin ATM?
You can buy a minimum of $20 CAD and a maximum of $995 CAD per transaction, with up to 5 transactions allowed per day.
Is the Localcoin Bitcoin ATM at Cranbrook Co-op Gas Bar accessible for wheelchair users?
Yes, the location has wheelchair-accessible entrances and parking.
How can nearby places help me during my visit to the Localcoin Bitcoin ATM at Cranbrook?
Nearby businesses like Co-op Gas Bar can provide fuel and convenience items. Restaurants such as Domino's and A&W Canada offer food options if you want to grab a meal before or after using the ATM. Additionally, services like Victoria Avenue Car and Pet Wash are close by if you need car or pet care.
What shopping options are available near the Localcoin Bitcoin ATM at Cranbrook?
Nearby shopping includes Jimmy’s Cannabis Shop for cannabis needs, Ricki’s Canada Ltd for clothing, Skinkuȼ Treasures for flowers and gifts, and Dubz 420 Smoke and Vape for e-cigarettes and tobacco products.
Are there any nearby accommodation or automotive services close to the Localcoin Bitcoin ATM in Cranbrook?
Yes, you can find the Hospitality Courtyard Inn for lodging and multiple car dealers such as Cranbrook Hyundai and Arrow Motors nearby for automotive needs.