At our Bitcoin ATM in Etobicoke 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.
I used it a few days ago and lost $140 the rest did not go in si the transaction was aborted and the machine took my money and it just stop. I reported it. I thknk we need an instruction pad in a small booklet there to to be sure about the steps involve.
AA
Asheeamon Andrew-joseph
Dec 18, 2022
5.0
Am new to this country and been following bitcoin for two years and now its so easy to purchase Bitcoin i will be buying more often 🇦🇬🇦🇬🇨🇦🇨🇦
Frequently Asked Questions About Localcoin Bitcoin ATM - Action Convenience
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 over 950 physical ATMs primarily located in convenience stores and gas stations.
How do I use the Localcoin Bitcoin ATM in Etobicoke?
Bring a cryptocurrency wallet with your wallet address or QR code and cash. At the machine, select your desired cryptocurrency, scan your wallet's QR code, insert cash, confirm the amount, and the purchased cryptocurrency will be sent to your wallet address, usually within 10–30 minutes.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM at 1701 Martin Grove Rd?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at this ATM.
What are the purchase limits at the Localcoin Bitcoin ATM in Etobicoke?
The minimum purchase amount is $20 CAD and the maximum per transaction is $995 CAD, with a maximum of 5 transactions allowed per day.
What payment methods are accepted at the Localcoin Bitcoin ATM?
Only Canadian cash bills are accepted. For debit or credit card purchases, visit Localcoin's online website.
What are the operating hours of the Localcoin Bitcoin ATM located at 1701 Martin Grove Rd, Etobicoke?
The ATM is open daily from 8:00 AM to 10:00 PM.
Is the Localcoin Bitcoin ATM in Etobicoke wheelchair accessible?
Yes, the location has wheelchair accessible parking available.
What nearby restaurants can I visit before or after using the Localcoin Bitcoin ATM?
You can enjoy nearby dining options such as Pizza Pizza, Pizza Nova, and Iftin Homemade Halal, which are close to the ATM location at 1701 Martin Grove Rd.
Are there any nearby grocery or shopping locations near the Localcoin Bitcoin ATM in Etobicoke?
Yes, Bestco Food Mart and Dollar King are nearby, offering grocery and discount shopping options alternatively you can visit Al-Sharif Islamic Supplies for clothing and professional services.
What other services and facilities are close to the Localcoin Bitcoin ATM at 1701 Martin Grove Rd?
Nearby services include the UPS Access Point for shipping, John Garland Pharmacy and West Humber Dentistry for health needs, and community centers like Elmbank Community Centre for social activities.