Bitcoin ATM located in I Mart. 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 - I-Mart Convenience
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?
Localcoin is Canada’s largest cryptocurrency ATM network with over 950 ATMs, primarily located in convenience stores and gas stations, allowing customers to buy cryptocurrency with cash.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM located in I-Mart Convenience?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the Localcoin Bitcoin ATM in I-Mart Convenience.
How do I use the Localcoin Bitcoin ATM to buy cryptocurrency?
First, get a supported Bitcoin wallet such as Trust Wallet or Coinbase Wallet. Visit the ATM with your wallet or QR code and cash. Select the cryptocurrency, scan your wallet’s QR code, insert CAD bills, confirm the amount, and receive your coins in your wallet typically within 10–30 minutes.
What are the purchase limits at the Localcoin Bitcoin ATM?
The minimum purchase amount is $20 CAD, and the maximum is $995 per transaction, with up to 5 transactions allowed per day.
What payment methods are accepted at the Localcoin Bitcoin ATM?
Only Canadian cash bills are accepted at the ATM. For debit or credit card purchases, customers can buy online from localcoinatm.com.
What are the operating hours of the Localcoin Bitcoin ATM at I-Mart Convenience?
The ATM operates Monday to Friday from 9:30 AM to 9:30 PM, and on Saturdays and Sundays from 10:00 AM to 9:00 PM.
Where is the Localcoin Bitcoin ATM located?
It is located inside I Mart Convenience Store at 108 68 Avenue, Surrey, BC, postal code V4N 0C8, Canada.
Are there food options nearby the Localcoin Bitcoin ATM at I-Mart Convenience?
Yes, Pizza Inn and Haru Sushi are nearby restaurants where customers can enjoy a meal before or after using the ATM.
What other services are available near the Localcoin Bitcoin ATM at I-Mart Convenience?
Nearby services include Aquarius Dental for dental care, Care First Medical Clinic for health services, and various beauty salons such as Blossom Hair and Skin Care and Hairitage Hair Salon.
How can nearby transit or landmarks help me find the Localcoin Bitcoin ATM in Surrey?
The ATM is located inside I Mart Convenience Store on 68 Avenue in Surrey, close to landmarks like Katzie Park and Pizza Inn, which can help guide customers to the location.