Bitcoin ATM located in Ezymart. 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 - Ezymart
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 where can I find its ATMs?
Localcoin is Canada’s largest cryptocurrency ATM network that allows customers to buy cryptocurrency with cash at physical locations, mostly convenience stores and gas stations, with over 950 ATMs.
What is Bitcoin and how is it used?
Bitcoin is a decentralized digital currency not controlled by any government or central bank. It can be used to buy goods and services online or held as an investment, with transactions recorded on the blockchain.
How does a Bitcoin ATM work?
A Bitcoin ATM lets users buy Bitcoin and other cryptocurrencies using cash, similar to traditional ATMs, allowing cash deposits and cryptocurrency transfers to users' wallets, or selling Bitcoin for cash.
How can I use the Localcoin Bitcoin ATM at Ezymart in Vancouver?
To use the Localcoin Bitcoin ATM, first get a Bitcoin wallet (e.g., Trust Wallet, Exodus, Coinbase Wallet). Visit the ATM with your wallet's QR code and cash, scan your wallet QR code at the machine, insert Canadian cash, confirm the purchase, and receive Bitcoins in your wallet within minutes.
What limits apply when purchasing Bitcoin at the Localcoin ATM?
The minimum purchase amount is $20 CAD and the maximum is $995 per transaction, with up to 5 transactions allowed per day at the Localcoin Bitcoin ATM.
What payment methods does Localcoin accept at its Bitcoin ATMs?
Localcoin Bitcoin ATMs accept only Canadian cash bills for purchasing cryptocurrency. Debit or credit card payments are accepted online via their website.
Which cryptocurrencies can I buy at Localcoin Bitcoin ATM - Ezymart?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at Localcoin Bitcoin ATMs.
What are the operating hours of the Localcoin Bitcoin ATM located at 1099 Southwest Marine Drive, Vancouver?
The ATM is open daily from 8:00 AM to midnight, with a brief early morning opening from midnight to 1:00 AM.
What nearby places can I visit near Localcoin Bitcoin ATM at Ezymart?
Nearby places include Hudson's Landing Pub and Boston Pizza for dining, The World Store grocery for shopping, and Coast Vancouver Airport Hotel for accommodation, offering options before or after your visit to the ATM.
Are there automotive services near the Localcoin Bitcoin ATM - Ezymart?
Yes, nearby automotive services include Boyd Autobody & Glass, Granville & Avery Automotive, OK Tire & Auto Service, and A Premium Detailing for repairs, body work, tires, and car detailing.