At our Bitcoin ATM in Winnipeg 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.
Frequently Asked Questions About Localcoin Bitcoin ATM - In N Out 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 how can I use it?
Localcoin is Canada’s largest cryptocurrency ATM network that lets you buy cryptocurrency with cash at physical locations, mainly convenience stores and gas stations, including over 950 ATMs.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM in Winnipeg?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the Localcoin Bitcoin ATM.
How do I use a Bitcoin ATM at Localcoin?
To use a Localcoin Bitcoin ATM, download a crypto wallet app like Trust Wallet or Coinbase Wallet, bring your wallet address or QR code and cash to the machine, scan your QR code, insert cash, and confirm your purchase. Coins are usually sent instantly to your wallet.
What are the purchase limits at the Localcoin Bitcoin ATM?
You can buy between $20 CAD minimum and $995 maximum per transaction, with up to 5 transactions per day.
What payment methods does the Localcoin Bitcoin ATM accept?
The ATM only accepts Canadian cash bills. For debit or credit card payments, you can purchase cryptocurrency online at their website.
Where is the Localcoin Bitcoin ATM located in Winnipeg and what are its hours?
The ATM is located at 2080 Ness Ave, Winnipeg, MB, R3J 0Z3, Canada. It is open daily from 6:30 AM to 7:30 PM.
Is there a UPS Access Point near the Localcoin Bitcoin ATM?
Yes, you can find a UPS Access Point nearby, useful if you need shipping services while visiting the ATM at In N Out Convenience.
Can I get medical or pharmacy services near the Localcoin Bitcoin ATM?
Yes, nearby are LifeSmart Pharmacy St. James, Crestview Medical Clinic, and Verä Chiropractic, so you can conveniently access health services before or after using the ATM.
Are there any nearby places to grab food or coffee around the Localcoin Bitcoin ATM?
Yes, nearby you can visit Kozak Food, a Ukrainian restaurant, and Tim Hortons, a popular coffee shop, perfect places to eat or relax before or after your transaction.
Can I combine my visit to the Localcoin ATM with other services like money transfer or automotive needs?
Yes, close to the ATM you can access Western Union for money transfers and U-Haul Neighborhood Dealer or Len's Auto Service for rental or automotive needs, making it convenient to handle multiple errands in one trip.