Business Details
About
ATM
At our Bitcoin ATM in Nanaimo you can buy Bitcoin and other popular cryptocurrency, such as Ethereum and Litecoin, with cash. With Canada's largest network of Bitcoin ATMs, 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.
Details
- Wheelchair accessible entranceAvailable
Location
Localcoin Bitcoin ATM - Uplands Convenience Store
4320 Uplands Dr, Nanaimo, BC
V9T 5L8, Canada
Hours
Reviews
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- TDTanya DowFeb 14, 20235.0Of all of the Bitcoin Bitcoin machines that I have utilized this is definitely the one that I choose because it is so simple and quick there's no confusions there's nothing wrong ever I'm in and out it's no problem of other ones there's always some issue and it takes forever a couple times they even left without completing what I wanted to do but the one that I used this one here I'm talking about now is never giving me a problem it's always taken just minutes very simplistic super easy never had a problem and I go out of my way just to use it!
Frequently Asked Questions About Localcoin Bitcoin ATM - Uplands Convenience Store
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 Bitcoin ATMs?
Localcoin is Canada’s largest cryptocurrency ATM network, allowing customers to buy cryptocurrency with cash at over 950 physical ATMs primarily located in convenience stores and gas stations.
How do I use a Localcoin Bitcoin ATM to buy cryptocurrency?
To use a Localcoin Bitcoin ATM, get a Bitcoin wallet app like Trust Wallet or Coinbase Wallet, bring your wallet’s QR code and cash to the machine, select your cryptocurrency, scan your QR code at the ATM, insert cash, and confirm your purchase. Bitcoins are sent to your wallet usually within 10-30 minutes.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM at Uplands Convenience Store?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the Localcoin Bitcoin ATM at Uplands Convenience Store.
What are the hours of operation for the Localcoin Bitcoin ATM at Uplands Convenience Store?
The Localcoin Bitcoin ATM at Uplands Convenience Store is open daily from 6:00 AM to 11:00 PM.
What payment methods are accepted at the Localcoin Bitcoin ATM?
The ATM accepts only Canadian cash bills. For other payment methods like debit or credit cards, you can make purchases online through their website.
What are the purchase limits when buying Bitcoin at the Localcoin ATM?
The minimum purchase amount is $20 CAD, and the maximum is $995 per transaction, with a maximum of 5 transactions per day.
Is the Localcoin Bitcoin ATM at Uplands Convenience Store wheelchair accessible?
Yes, the ATM location has a wheelchair accessible entrance and parking available.
What nearby amenities can I find when visiting the Localcoin Bitcoin ATM at Uplands Convenience Store?
Nearby, you can find Petro-Canada gas station and convenience store, The Buzz Coffee House for refreshments, and various professional services like Cheryl's Tax and Bookkeeping Ltd. and Atlas Chiropractic & Body Balance.
How can nearby transit and local businesses help me find the Localcoin Bitcoin ATM at Uplands Convenience Store?
The Localcoin Bitcoin ATM is located at 4320 Uplands Dr. Nearby landmarks like the Petro-Canada gas station and The Buzz Coffee House can help you easily identify the location when visiting the ATM.
What nearby attractions can I visit before or after using the Localcoin Bitcoin ATM at Uplands Convenience Store?
You can visit Nanaimo WP Club for sports and dance activities or relax at Nanaimo Elements Spa, both located close to the ATM, making it convenient to combine your visit with recreational or wellness activities.