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
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 at the Cambridge location?
Localcoin is Canada's largest cryptocurrency ATM network, enabling customers to buy cryptocurrency with cash at physical locations, including the ATM at 95 Saginaw Pkwy, Cambridge. Customers can purchase Bitcoin and other popular cryptocurrencies conveniently at this ATM.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM on Saginaw Pkwy?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the Localcoin Bitcoin ATM located in Cambridge.
How do I use the Localcoin Bitcoin ATM to purchase cryptocurrencies?
To use the ATM, first get a Bitcoin wallet app like Trust Wallet, Exodus, or Coinbase Wallet. Bring your wallet's QR code and cash to the machine. At the ATM, scan your wallet's QR code, insert Canadian cash bills, confirm the purchase, and your Bitcoins will be sent to your wallet, usually instantly or within a few minutes.
What are the operating hours for the Localcoin Bitcoin ATM at 95 Saginaw Pkwy?
The Localcoin Bitcoin ATM is available 24 hours a day, 7 days a week, so you can use it any time that is convenient for you.
What are the purchasing limits at the Localcoin Bitcoin ATM?
The minimum purchase amount is $20 CAD, and the maximum is $995 per transaction, with up to 5 transactions allowed per day at the ATM.
What payment methods are accepted at the Localcoin Bitcoin ATM?
The ATM accepts only Canadian cash bills. For other payment methods such as debit or credit cards, you can purchase cryptocurrency online via Localcoin's website.
Is the Localcoin Bitcoin ATM at 95 Saginaw Pkwy wheelchair accessible?
Yes, the ATM location has wheelchair accessible parking, ensuring accessibility for all customers.
What nearby places can I visit when using the Localcoin Bitcoin ATM on Saginaw Pkwy?
Nearby places include Little Short Stop convenience store where the ATM is located, Saginaw Dental Centre for dental services, and St. Louis Bar and Grill if you want to grab a meal or drink before or after your visit.
How can nearby transit or services help me access the Localcoin Bitcoin ATM location?
While specific transit stations are not listed, the ATM is in a shopping area with services such as Pharmasave Monarch Pharmacy, Scotiabank bank, and Subway restaurant nearby, making it easy to combine errands or dining with your visit to the ATM.
Are there dining options near the Localcoin Bitcoin ATM at Saginaw Pkwy worth exploring?
Yes, nearby dining options include Royal Paan for Indian cuisine and coffee, Quesada Burritos & Tacos for Mexican food, Double Double Pizza and Chicken for fast food, and Tim Hortons for coffee and donuts, allowing customers to enjoy a meal or snack around their visit.