Bitcoin ATM located in INS Market. 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 - INS Market
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?
Localcoin is Canada’s largest cryptocurrency ATM network, allowing customers to buy cryptocurrency with cash at physical ATM locations primarily in convenience stores and gas stations.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM in INS Market?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at our Bitcoin ATMs.
How do I use the Localcoin Bitcoin ATM?
To use the Bitcoin ATM, first get a cryptocurrency wallet app such as Trust Wallet, Exodus, or Coinbase Wallet. Bring your wallet’s address or QR code and cash to the ATM. Select your cryptocurrency, scan your wallet’s QR code at the machine, insert Canadian cash bills, confirm the amount, and your coins will be sent to 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 permitted per day.
What payment methods does the Localcoin Bitcoin ATM accept?
The ATM accepts only Canadian cash bills. For other payment options like debit or credit cards, you can purchase cryptocurrencies online at the Localcoin website.
What are the operating hours of the Localcoin Bitcoin ATM at INS Market?
The ATM is open daily from 7:00 AM to 10:00 PM.
Where is the Localcoin Bitcoin ATM located within Vancouver?
The Bitcoin ATM is located at 2466 East Hastings Street inside INS Market in Vancouver, BC.
Are there any convenient places nearby where I can grab food before or after using the ATM?
Yes, nearby food spots include Polonia Bakery and Polonia Sausage House for bakery and delicatessen items, Tentatsu Japanese Sushi Restaurant for Japanese cuisine, and Bai Bua Thai Cuisine for Asian dining options.
Is there public transit access near the Localcoin Bitcoin ATM to help customers reach the location?
Yes, Bus Stop 50947 serves multiple bus routes (14, 16, 135, 160, N35) nearby, making it convenient for customers to reach the Localcoin Bitcoin ATM at INS Market via public transit.
What other local services or shops are near the Localcoin Bitcoin ATM that customers might find useful?
Near the ATM, customers can find services such as Happy Laundry (laundromat and dry cleaning), Hastings Dental for healthcare needs, Eye Contacts for eyewear, PostNet for printing and shipping, and several tattoo studios like Super Cat Tattoo and jessewilliamstattoo.