Bitcoin ATM located in Salmon Arm 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
Had to restart the transaction several times because I was not "fast" enough and the machine timed out. Also I do not know what the fees are for using the machine but out of $105 I only received $61.. to me that's what i call highway robbery..
SB
Stephen Buerge
Nov 10, 2023
4.0
Seemed to work well i am not very familiar with the machine but was able navigate my way around the ATM machine with ease.
Frequently Asked Questions About Localcoin Bitcoin ATM - Salmon Arm 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 what services does it offer at the Salmon Arm Co-op Gas Bar?
Localcoin is Canada's largest cryptocurrency ATM network, allowing customers to buy cryptocurrency with cash at physical locations, including the ATM at Salmon Arm Co-op Gas Bar.
What types of cryptocurrency can I buy at the Localcoin Bitcoin ATM in Salmon Arm?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the Localcoin ATM.
What are the operating hours for the Localcoin Bitcoin ATM at Salmon Arm Co-op Gas Bar?
The ATM is open daily from 6:00 AM to 11:00 PM.
How do I use the Localcoin Bitcoin ATM in Salmon Arm?
You need a crypto wallet app, visit the ATM with cash, scan your wallet's QR code at the machine, insert cash, confirm your purchase, and the cryptocurrency will be sent to your wallet usually within minutes.
What are the purchase limits at the Salmon Arm Localcoin Bitcoin ATM?
The minimum purchase is $20 CAD and the maximum is $995 per transaction, with a maximum of 5 transactions per day.
Does the Salmon Arm Localcoin Bitcoin ATM accept payment methods other than cash?
No, only Canadian cash bills are accepted. Other payment methods like debit or credit cards require purchasing online via their website.
Is the Localcoin Bitcoin ATM at the Salmon Arm Co-op Gas Bar wheelchair accessible?
Yes, it has wheelchair accessible entrance and parking to accommodate customers with disabilities.
What nearby places can I visit after using the Localcoin Bitcoin ATM at Salmon Arm?
Nearby places include Salmon Arm Go Karts and Mini Golf for fun activities, Barley Station Brew Pub for dining and drinks, and Salmar Grand Theatre for entertainment.
Are there convenient gas stations near the Localcoin Bitcoin ATM for fueling up before or after your visit?
Yes, the Co-op Gas Bar (where the ATM is located) and Husky gas station are both nearby for convenient refueling.
What other local services can customers access near the Localcoin Bitcoin ATM in Salmon Arm?
Customers can find medical services at Mount Ida Medical Centre, pharmacies like Mount Ida Pharmacy, and shopping at Salmon Arm Cannabis nearby the ATM location.