Business Details
About
ATM
At our Bitcoin ATM in Victoria you can buy Bitcoin and other popular cryptocurrency, such as Ethereum and Litecoin, with cash. With Canada's largest network of Bitcoin ATMs, 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.
Details
- Wheelchair accessible entranceAvailable
Location
Localcoin Bitcoin ATM - Best Buy Convenience
1710 Douglas St, Victoria, BC
V8W 2G7, Canada
Hours
Reviews
4.1
8 reviews
5 stars
6
4 stars0
3 stars0
2 stars
1
1 star
1
- KKKartrrJan 1, 20251.0This is literally in the history of my life spend in eight different countries, the rudest staff I've ever seen at any store. Came in and bought seventy dollars worth of stuff, was super tired after flying back to Victoria, the guy literally scoffed as he rang up the stuff, then threw three super thin bags at me and you have to bag stuff yourself as he just stands there and texts and watches you. Would never go back here, clearly zero concern for customers. Also the bitcoin atm is terrible, had to scan the QR code for 15 minutes before it was not blurry enough. Here's fine if you need absolute bare necessities or if you're in the market for a bong or crack pipe.
- WWWestApr 11, 20235.0Easy to use and nice people who work here
- BGBranden GoughJul 22, 20225.0It is very convenient to me, however the fees are a bit high
Frequently Asked Questions About Localcoin Bitcoin ATM - Best Buy 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 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 that lets customers buy cryptocurrency with cash at physical ATMs mainly located in convenience stores and gas stations.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM in Victoria?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at our ATMs.
How do I use the Bitcoin ATM at 1710 Douglas St, Victoria?
Visit the ATM with your crypto wallet app or printed QR code, select your cryptocurrency on the machine, scan your QR code, insert Canadian cash bills, confirm purchase, and your crypto will be sent to your wallet address.
What are the operating hours of the Localcoin Bitcoin ATM at Best Buy Convenience?
The ATM is open Monday to Saturday from 8:00 AM to 6:00 PM and is closed on Sundays.
What payment methods are accepted at Localcoin Bitcoin ATM?
Only Canadian cash bills are accepted at the ATM. Other payment methods like debit or credit cards are available for online purchases via their website.
Are the Localcoin Bitcoin ATM facilities wheelchair accessible?
Yes, the ATM offers a wheelchair-accessible entrance and wheelchair-accessible parking.
What is the purchase limit when buying Bitcoin at Localcoin ATMs?
You can purchase a minimum of $20 CAD and a maximum of $995 CAD per transaction, with up to 5 transactions allowed per day.
What notable places are near the Localcoin Bitcoin ATM at 1710 Douglas St in Victoria?
Nearby places include Best Buy Convenience, The Red Mirror Salon, Northern Quarter restaurant, The Hallway bar, and the Blue Nile African Restaurant, offering options for shopping, dining, and beauty services before or after your visit to the ATM.
How can nearby transit options help me access the Localcoin Bitcoin ATM?
You can use the BC Transit Bus Stop 100 394 nearby for convenient public transportation access to the Localcoin Bitcoin ATM at 1710 Douglas Street in Victoria.
What leisure activities or tours can I explore near the Localcoin Bitcoin ATM at Best Buy Convenience in Victoria?
Nearby you can enjoy food tours like 'A Taste of Victoria Food Tours,' visit the Victoria Public Market at the Hudson for fresh groceries, or dine at various restaurants including Roast and Vicexpress Teriyaki and Roll, enhancing your visit experience.