At our Bitcoin ATM in Hamilton 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.
The keypad is very sensitive as the screen I found to be on the smallish size. I also noticed there is a new daily limit on the amount you can send. I sent a total of 58 $100 bills over a course of three days. Too bad it does not accept $1,000 bills.
All in all, it’s a great quick way to send money. Doing through a bank can take up to 5 working days
4 out of 5 stars from me
Frequently Asked Questions About Localcoin Bitcoin ATM - Big Bonus Group
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 and what services does it provide?
Localcoin is Canada’s largest cryptocurrency ATM network, allowing customers to buy cryptocurrencies with cash at physical retail locations like convenience stores and gas stations.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM in Hamilton?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at our ATMs.
How do I use the Localcoin Bitcoin ATM?
First, get a crypto wallet from app stores like Trust Wallet, Exodus, or Coinbase Wallet. Then visit the ATM, select your cryptocurrency, scan your wallet's QR code, insert cash, confirm the purchase, and your coins will be sent to your wallet, usually within minutes.
What are the operating hours of the Localcoin Bitcoin ATM at 78 Queenston Rd, Hamilton?
The Localcoin Bitcoin ATM is open 24 hours every day, Monday through Sunday.
Where is the Localcoin Bitcoin ATM - Big Bonus Group located?
The ATM is located at 78 Queenston Rd, Hamilton, ON L8K 6R6, Canada.
What payment methods are accepted at the Localcoin Bitcoin ATM?
The ATM only accepts Canadian cash bills. For debit or credit card payments, customers can purchase online via the Localcoin website.
What are the purchase limits at the Localcoin Bitcoin ATM?
Customers can buy a minimum of $20 CAD and a maximum of $995 CAD per transaction, with up to 5 transactions allowed per day.
Are there any nearby places I can visit before or after using the Localcoin Bitcoin ATM?
Yes, nearby you can visit Tim Hortons for coffee, Subway for a quick meal, or Rexall pharmacy for health needs. These places make it convenient to combine errands with your Bitcoin ATM visit.
Is the Localcoin Bitcoin ATM near any financial or automotive services?
The ATM is close to several financial services like Setay Holdings Ltd and automotive dealers including Captain Auto Sales, Adam's Fine Cars, and DeWildt Chrysler Dodge Jeep, which could be helpful if you need related services nearby.
Is there wheelchair accessible parking available at the Localcoin Bitcoin ATM location?
Yes, there is wheelchair accessible parking available at the Localcoin Bitcoin ATM location.