Bitcoin ATM located in Payday Loan Mart. 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
Frequently Asked Questions About Localcoin Bitcoin ATM - Payday Loan Mart
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 allows customers to buy cryptocurrency with cash at physical locations, primarily convenience stores and gas stations.
How does the Localcoin Bitcoin ATM work for purchasing cryptocurrencies?
To use the Localcoin Bitcoin ATM, you need a cryptocurrency wallet app on your smartphone. Visit the ATM, select the cryptocurrency, scan your wallet's QR code, insert cash, confirm the amount, and receive the purchased coins in your wallet, usually within 10–30 minutes.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM at Payday Loan Mart?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the Localcoin Bitcoin ATM located in Payday Loan Mart in Brampton.
What are the purchase limits at the Localcoin Bitcoin ATM in Brampton?
The minimum purchase amount is $20 CAD, and the maximum per transaction is $995, with up to 5 transactions allowed per day at the Brampton ATM.
What payment methods are accepted at the Localcoin Bitcoin ATM in Payday Loan Mart?
The ATM accepts only Canadian cash bills. For debit or credit card purchases, you can buy cryptocurrency online via Localcoin's website.
Where is the Localcoin Bitcoin ATM located in Brampton?
It is located at 15 Gateway Boulevard, Unit 104, Brampton, ON L6T0H4, inside Payday Loan Mart.
What are the operating hours for the Localcoin Bitcoin ATM at Payday Loan Mart?
The ATM is open Monday to Friday from 10:00 AM to 8:00 PM, Saturday from 10:00 AM to 6:00 PM, and Sunday from 11:00 AM to 5:00 PM.
What nearby places can enhance my visit to the Localcoin Bitcoin ATM in Brampton?
Nearby places include U-Haul Neighborhood Dealer for truck rentals, Gateway Cashshop for financial services, and several dining options like Taco Bell and Panj Taara Tiffin Service for a meal before or after your visit.
How can nearby transit or service locations help me access the Localcoin Bitcoin ATM?
Nearby service locations like Gateway Staffing and Peace Healthcare Staffing Solution indicate a busy area with employment and health services, facilitating convenient access for customers who may visit multiple services in one trip.
Are there any nearby eateries where I can relax after using the Localcoin Bitcoin ATM?
Yes, there are several nearby restaurants including Good Egg Dining, Swiss Chalet Rotisserie & Grill, and Quesada Burritos & Tacos where you can enjoy breakfast, lunch, or dinner after your ATM visit.