Bitcoin ATM located in Bowen General Shell. 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 - Bowen General Shell
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 what services does it offer?
Localcoin is Canada’s largest cryptocurrency ATM network allowing customers to buy cryptocurrency with cash at over 950 physical ATMs located mainly in convenience stores and gas stations.
Where is the Localcoin Bitcoin ATM - Bowen General Shell located?
It is located at 1702 Bowen Road, Nanaimo, BC V9S 1G9, Canada, inside the Bowen General Shell gas station and convenience store.
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 the ATM.
What are the operating hours of the Localcoin Bitcoin ATM at Bowen General Shell?
The ATM is open daily from 7:00 AM to 10:00 PM.
How do I use the Localcoin Bitcoin ATM to purchase cryptocurrency?
First, download a compatible cryptocurrency wallet app like Trust Wallet or Coinbase Wallet. Then visit the ATM with your wallet's QR code and cash. Follow on-screen instructions to scan your wallet QR code, insert cash, confirm the transaction, and receive cryptocurrency in your wallet within minutes.
What payment methods are accepted at the Localcoin Bitcoin ATM?
The ATM accepts Canadian cash bills only. For card payments, customers can purchase cryptocurrencies online at Localcoin's website.
What are the purchase limits at the Localcoin Bitcoin 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.
How can nearby places like Shell and Western Union assist customers visiting the Localcoin Bitcoin ATM?
Shell, where the ATM is located, offers fuel and convenience items for your trip. Nearby Western Union provides financial services including currency exchange, helpful if you need to convert funds before using the ATM.
Are there dining options near the Localcoin Bitcoin ATM?
Yes, nearby dining includes Little Caesars Pizza for quick pizza and Cod Squad Fish & Chips for British-style fish and chips, perfect for a meal before or after your crypto transaction.
What shopping and service options are available near the Localcoin Bitcoin ATM?
Nearby options include Alpha gift shop and antique store, Harbour City Computers for IT services, and Bosley's pet store. These can be convenient for errands or leisure before or after visiting the ATM.