At our Bitcoin ATM in Cambridge 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 - Little Short Stop
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?
Localcoin is Canada’s largest cryptocurrency ATM network that enables customers to buy cryptocurrency with cash at a physical location, primarily convenience stores and gas stations.
What cryptocurrencies can I buy at Localcoin Bitcoin ATM - Little Short Stop?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the Localcoin BTC ATM.
How do I use the Bitcoin ATM at 200 Preston Pkwy in Cambridge?
Download a crypto wallet like Trust Wallet or Coinbase Wallet, visit the Localcoin ATM with your wallet's QR code and cash, scan the QR code at the machine, insert cash, confirm the purchase, and your Bitcoins will be sent to your wallet usually within 10-30 minutes.
What are the daily purchase limits at this Bitcoin ATM?
You can purchase a minimum of $20 CAD and a maximum of $995 per transaction, with up to 5 transactions allowed per day.
What payment methods are accepted at the Localcoin Bitcoin ATM?
The ATM accepts only Canadian cash bills. For other payment methods like debit or credit cards, you can use the Localcoin website.
What are the operating hours of the Localcoin Bitcoin ATM - Little Short Stop?
The ATM is open Monday to Friday from 6:00 AM to midnight, and on Saturdays and Sundays from 7:00 AM to midnight.
Is there wheelchair accessible parking at the Localcoin Bitcoin ATM location?
Yes, there is wheelchair accessible parking available at this location.
What nearby places can I visit before or after using the Bitcoin ATM at 200 Preston Pkwy?
Nearby you can visit local spots such as Dream City Pizza for a meal, the Canadian Historical Arms Museum for education and exhibits, or relax at Pops and Ruby's pub and restaurant.
Are there convenient stores close to the Localcoin Bitcoin ATM where I can grab snacks?
Yes, the Short stop convenience store is nearby, making it easy to pick up snacks or essentials during your visit to the ATM.
How can nearby transit or accommodation options help me when visiting Localcoin Bitcoin ATM?
If you are traveling, the nearby Four Points by Sheraton Cambridge Kitchener hotel provides accommodation close to the ATM, making it convenient for visitors needing a place to stay.