Bitcoin ATM located in Little Short Stop. 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
I found it very informative and it was easy to read the instructions on the machine it was quite easy yet I was so nervous because I never done it before but it walk me through it very easily
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 do they offer?
Localcoin is Canada's largest cryptocurrency ATM network, allowing customers to buy cryptocurrencies with cash at over 950 locations, mainly convenience stores and gas stations.
Where is the Localcoin Bitcoin ATM located in Cambridge?
The Localcoin Bitcoin ATM is located inside Little Short Stop at 175 Beverly St., Cambridge, ON N1R 3Z6, Canada.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM in Cambridge?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the Localcoin Bitcoin ATM.
What are the hours of operation for the Localcoin Bitcoin ATM in Cambridge?
The ATM is open 24 hours a day, seven days a week, from 00:00 to 23:59 daily.
How do I use the Localcoin Bitcoin ATM to purchase cryptocurrency?
You need a crypto wallet on your smartphone or printed QR code, visit the ATM, select your cryptocurrency, scan your wallet QR code, insert cash (minimum $20 CAD, max $995 per transaction), confirm the purchase, and you will receive your coins usually within minutes.
What payment methods are accepted at the Localcoin Bitcoin ATM?
The ATM accepts Canadian cash bills only. For debit or credit card payments, purchases can be made online via their website.
Is the Localcoin Bitcoin ATM wheelchair accessible and does it have wheelchair accessible parking?
Yes, the Localcoin Bitcoin ATM has wheelchair accessible parking available.
What nearby places can customers visit before or after using the Localcoin Bitcoin ATM?
Customers can visit nearby spots like Little Caesars Pizza for a quick meal, Soper Park for outdoor activities, or Long and McQuade Musical Instruments to explore musical gear.
How can nearby businesses like Full Circle Travel Service and Kazoku Martial Arts Centre complement a visit to the Localcoin Bitcoin ATM?
After using the ATM, customers can plan their next trip at Full Circle Travel Service or attend a session at Kazoku Martial Arts Centre, making it convenient to combine errands or leisure activities in the area.
Are there automotive services near the Localcoin Bitcoin ATM for vehicle owners visiting the area?
Yes, nearby automotive services include Marquis Automotive, Lion Motors Inc, Apex Auto, and Sami Automobiles Inc, which customers can visit for repairs, car purchases, or maintenance during a trip to the ATM.