Business Details
About
ATM
Bitcoin ATM located in Avondale Food Stores. 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
Location
Localcoin Bitcoin ATM - Avondale Food Stores
12 Highway 53 West, Ancaster, ON
L9G 3K9, Canada
Hours
Frequently Asked Questions About Localcoin Bitcoin ATM - Avondale Food Stores
What is Localcoin?
Localcoin is a rapidly-growing cryptocurrency company that is revolutionizing the way people buy and sell digital currencies. Our mission is to empower individuals to join the cryptocurrency economy and make it more accessible for everyone. With over 1,300 Bitcoin ATMs around the world, we offer an expanding product line that enables crypto-enthusiasts to easily participate in the digital currency world.
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: Sign Up: Sign up at the ATM or online using your phone number and ID.
Step 2: Begin Purchase Enter your phone number and begin transaction.
Step 3: Scan Wallet Choose your crypto and scan your wallet's QR code with the ATM's camera.
Step 4: Receive Crypto Insert the cash into the machine and receive your Crypto!
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 $5 AUD. The maximum is $9500 per transaction with a daily limit of $20,000.
What payment methods are accepted?
We only accept Australian cash notes. We don't accept other payment methods such as debit/credit cards at the moment.
What other cryptocurrency coins do you sell at your Bitcoin ATMs?
We sell Bitcoin, Litecoin, Ethereum, Cardano, USDC, Tether (ETH & TRC20), Dogecoin, Shiba Inu, Ripple, and TRON at our machines.