Bitcoin ATM located in Westside Vapes. 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 - Westside Vapes
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 what services does it offer?
Localcoin is Canada’s largest cryptocurrency ATM network, allowing customers to buy cryptocurrencies with cash at physical ATMs located mainly in convenience stores and gas stations.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM at Westside Vapes?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at this ATM.
How does a Bitcoin ATM work and how can I use it?
A Bitcoin ATM allows you to buy cryptocurrencies using cash. To use it, get a crypto wallet app like Trust Wallet or Coinbase Wallet, visit the ATM with your wallet’s QR code, select the cryptocurrency, scan the QR code, insert cash, confirm the transaction, and the coins will be sent to your wallet.
What are the purchase limits for Bitcoin at the Localcoin 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?
The ATM accepts Canadian cash bills only. Debit or credit card purchases can be made online at the Localcoin website.
Where is the Localcoin Bitcoin ATM located and what are its operating hours?
The ATM is located inside Westside Vapes at 2048 West 41st Avenue, Vancouver, BC. It is open daily from 9:00 AM to 11:00 PM.
What should I do if I want to get a cryptocurrency wallet?
You can download a crypto wallet app from your app store. Recommended wallets include Trust Wallet and Blue Wallet, which are secure and easy to use.
What nearby places can I visit around the Localcoin Bitcoin ATM at Westside Vapes?
Nearby places include Pharmasave Kerrisdale pharmacy, Golden Ocean Seafood Restaurant, La Cuisson Cafe, 26 Viet Cafe, Kerrisdale Nakamura Japanese Cuisine, and BC Liquor Store among others.
How can nearby restaurants like Golden Ocean Seafood Restaurant enhance my visit to the Localcoin Bitcoin ATM?
You can enjoy a meal or seafood dining experience at Golden Ocean Seafood Restaurant before or after using the Bitcoin ATM, making your visit more enjoyable and convenient.
Are there educational institutions near the Localcoin Bitcoin ATM for those interested in learning about cryptocurrency?
Yes, Multintel Education and Global Ivy Education are nearby schools that could be resources for learning more about technology and related fields.