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
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 Salmon Arm Co-op Gas Bar?
Localcoin is Canada’s largest cryptocurrency ATM network that allows customers to buy cryptocurrency with cash at physical locations, including the ATM at Salmon Arm Co-op Gas Bar.
What cryptocurrencies can I buy at the Salmon Arm Co-op Gas Bar Localcoin Bitcoin ATM?
You can purchase Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the Localcoin Bitcoin ATM.
How do I use the Bitcoin ATM at Salmon Arm Co-op Gas Bar?
To use the Bitcoin ATM, get a crypto wallet app like Trust Wallet or Coinbase Wallet, bring your wallet's QR code and cash, select your desired cryptocurrency at the machine, scan your QR code, insert cash, and confirm the purchase. Your Bitcoins will be transferred to your wallet typically within 10 to 30 minutes.
What are the operating hours of the Localcoin Bitcoin ATM at Salmon Arm Co-op Gas Bar?
The ATM is open Monday to Friday from 6:00 AM to 9:00 PM, Saturday from 7:00 AM to 9:00 PM, and Sunday from 8:00 AM to 8:00 PM.
What is the minimum and maximum amount I can buy at the Localcoin Bitcoin ATM?
The minimum purchase is $20 CAD, and the maximum is $995 per transaction, with up to 5 transactions allowed per day.
What payment methods does the Localcoin Bitcoin ATM accept at Salmon Arm?
The ATM only accepts Canadian cash bills. For other payment methods like debit or credit cards, customers can purchase cryptocurrency online at localcoinatm.com.
Is the Localcoin Bitcoin ATM at Salmon Arm Co-op Gas Bar wheelchair accessible?
Yes, the location offers wheelchair accessible entrance and parking for customers.
Which nearby places can I visit for food or coffee before or after using the Localcoin Bitcoin ATM?
Nearby food and coffee options include McDonald's Canada, Tim Hortons, Subway, and Beyond the Crust Pizza Kitchen, making it convenient to grab a meal or drink around your visit.
Are there any nearby gas stations or convenience stores around the Salmon Arm Co-op Gas Bar where the Localcoin Bitcoin ATM is located?
Yes, nearby gas stations and convenience stores include Armstrong Regional Co-operative, Co-op Gas Bar, Shell, Mac's Convenience Stores, and Circle K Western Canada, offering additional services and fueling options.
What nearby services are available for fitness, accommodation, or pet care near the Localcoin Bitcoin ATM at Salmon Arm Co-op Gas Bar?
Nearby services include Anytime Fitness gym, Super 8 by Wyndham Salmon Arm hotel, Lori's Doghouse pet grooming, Uptown Animal Hospital veterinary care, and Redemption Counselling for mental health support.