At our Bitcoin ATM in Moncton 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.
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 does it serve customers in Moncton?
Localcoin is Canada's largest cryptocurrency ATM network that allows customers to buy cryptocurrency with cash at physical locations, including the Moncton ATM at 325 Killam Dr.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM in Moncton?
You can purchase Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the Moncton Localcoin Bitcoin ATM.
How do I use the Localcoin Bitcoin ATM to buy cryptocurrency?
Bring a crypto wallet app or printed QR code to the ATM, select your desired cryptocurrency, scan your wallet's QR code, insert Canadian cash, and confirm the purchase; your coins will be sent to your wallet, typically within minutes.
What are the operating hours for the Localcoin Bitcoin ATM at Ayer Convenience Ltd in Moncton?
The ATM is open daily: Monday to Friday from 6:30 AM to midnight, Saturday from 7:00 AM to midnight, and Sunday from 8:00 AM to midnight Atlantic Time.
What payment methods are accepted at the Moncton Localcoin Bitcoin ATM?
Only Canadian cash bills are accepted at the ATM; for debit or credit card purchases, customers should visit the Localcoin website.
Is the Localcoin Bitcoin ATM in Moncton accessible for individuals with disabilities?
Yes, the ATM location at Ayer Convenience Ltd has wheelchair accessible entrances and parking.
Can I withdraw cash from other ATMs nearby if needed?
Yes, the RBC Royal Bank ATM is nearby and can be used for cash withdrawals or other banking services.
What nearby convenience stores can I visit when going to the Localcoin Bitcoin ATM?
Ayer Convenience Ltd, the hosting location of the Localcoin Bitcoin ATM, is a convenience store where you can shop for snacks, electronics, and fashion accessories during your visit.
Are there any popular event venues close to the Localcoin Bitcoin ATM in Moncton?
Nearby event venues include the Colisée de Moncton Coliseum and Legends Catering and Event Venue, where you might attend concerts or events before or after using the ATM.
How can nearby recreational spots like Centennial Park enhance my visit to the Localcoin Bitcoin ATM?
After your transaction, you can relax or enjoy outdoor activities at Centennial Park, a nearby attraction offering a pleasant environment in Moncton.