At our Bitcoin ATM in Chatham 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 - Ann's Convenience & Video
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 services does Localcoin Bitcoin ATM at Ann's Convenience & Video offer?
Localcoin Bitcoin ATM enables customers to buy Bitcoin and other popular cryptocurrencies such as Ethereum and Litecoin with cash at the physical location in Chatham.
What cryptocurrencies can I buy at this Localcoin Bitcoin ATM?
You can purchase Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at this ATM.
What are the operating hours of the Localcoin Bitcoin ATM at 5-463 St Clair St?
The ATM is open Monday to Saturday from 7:00 AM to 11:00 PM, and Sunday from 8:00 AM to 11:00 PM.
What are the purchase limits for buying Bitcoin at this ATM?
The minimum purchase amount is $20 CAD, and the maximum is $995 per transaction with a limit of 5 transactions per day.
What payment methods are accepted at the Localcoin Bitcoin ATM here?
Only Canadian cash bills are accepted. For other payment methods like debit or credit cards, purchases can be made online at localcoinatm.com.
How do I use the Localcoin Bitcoin ATM to buy cryptocurrency?
First, get a crypto wallet app such as Trust Wallet or Coinbase Wallet. Then visit the ATM with your wallet's QR code and cash. Follow the on-screen prompts to select the cryptocurrency, scan your wallet QR code, insert cash, and confirm your purchase. The bought crypto will be sent to your wallet shortly after.
Are there wheelchair accessible parking options at this location?
Yes, the Localcoin Bitcoin ATM at Ann's Convenience & Video offers wheelchair accessible parking.
What nearby financial service providers can I visit in Chatham?
Nearby financial services include Steven Aiken, Aiken Financial Inc., and Edward Jones - Financial Advisor offices by Fraser Genge and Greg Davenport, which can assist with financial advising and business services near the ATM.
Are there dining options near the Localcoin Bitcoin ATM in Chatham?
Yes, nearby dining options include Smilee's Rib & Steakhouse, Yardie Vibez (a Caribbean restaurant), Godfathers Pizza Chatham, Tim Hortons, and Wendy's for various cuisine choices.
What educational or childcare facilities are near the Localcoin Bitcoin ATM at 5-463 St Clair St?
You can find the Kumon Math and Reading Centre for tutoring and Kids Connection Daycare Centre for childcare services nearby the ATM location.