At our Bitcoin ATM in Barrie 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 - Lucky Convenience Store
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 where can I find their Bitcoin ATMs?
Localcoin is Canada’s largest cryptocurrency ATM network that allows customers to buy cryptocurrency with cash at over 950 physical ATM locations, mainly in convenience stores and gas stations.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM in Barrie at Lucky Convenience Store?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at this ATM.
What are the hours of operation for the Localcoin Bitcoin ATM at Lucky Convenience Store in Barrie?
The ATM is open Monday to Friday from 7:00 AM to 10:00 PM, Saturday from 8:00 AM to 10:00 PM, and Sunday from 8:00 AM to 9:00 PM.
How do I use the Bitcoin ATM at Lucky Convenience Store?
First, get a Bitcoin wallet such as Trust Wallet or Coinbase Wallet. Then visit the ATM with your wallet's QR code and cash. Follow on-screen prompts to scan your wallet QR code, insert cash, and confirm your purchase to receive the cryptocurrency in your digital wallet.
What payment methods does the Bitcoin ATM accept?
The ATM only accepts Canadian cash bills for purchases. Debit or credit card payments are not accepted at the machine but can be used online at the Localcoin website.
Is the Localcoin Bitcoin ATM at Lucky Convenience Store accessible for people with disabilities?
Yes, it has wheelchair accessible parking available.
What are the transaction limits when purchasing Bitcoin at the Localcoin ATM?
The minimum purchase amount is $20 CAD and the maximum is $995 per transaction, with up to 5 transactions allowed per day.
How can nearby places enhance my visit to the Localcoin Bitcoin ATM at Lucky Convenience Store?
You could grab a snack or fuel your vehicle at Lucky C. Store or Petro-Canada nearby. If you have time before or after using the ATM, you might enjoy dining at places like Baton Rouge Grillhouse and Bar, Pizza Hut, or C K Chinese Food, all close by.
Are there financial or banking services near the Localcoin Bitcoin ATM that I could visit?
Yes, nearby financial services include Pay2day for installment loans and Citi Financial. These could be helpful if you need additional financial assistance while managing your crypto transactions.
What other local amenities are near the Localcoin Bitcoin ATM that might interest visitors?
Nearby amenities include Nature's Best Natural Food Market for health foods, The Flower Place for gifts, and Giovanni and Perri beauty salon for personal care. This makes it convenient to combine errands during your visit.