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.
Frequently Asked Questions About Localcoin Bitcoin ATM - Day & Night Market
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 offer?
Localcoin is Canada's largest cryptocurrency ATM network, enabling customers to buy cryptocurrencies with cash at over 950 physical locations, mainly convenience stores and gas stations.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM in Hamilton?
You can purchase Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the Localcoin Bitcoin ATM in Hamilton.
How do I use the Localcoin Bitcoin ATM to buy cryptocurrency?
Use a Bitcoin wallet app like Trust Wallet or Coinbase Wallet and bring your wallet's QR code to the ATM. Select your cryptocurrency, scan the QR code, insert cash, confirm the amount, and your cryptocurrency will be sent to your wallet within minutes.
What are the purchasing limits at the Localcoin Bitcoin ATM?
The minimum purchase amount is $20 CAD, and the maximum per transaction is $995 CAD, with a limit of 5 transactions per day.
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.
What are the operating hours of the Localcoin Bitcoin ATM at 54 Queen Street South, Hamilton?
The ATM is open 24 hours a day, seven days a week, allowing you to buy cryptocurrency anytime.
Is the Localcoin Bitcoin ATM at Day & Night Market wheelchair accessible?
Yes, the ATM location offers wheelchair accessible parking for customers.
What nearby dining options are available around the Localcoin Bitcoin ATM for grabbing a meal?
Nearby you can enjoy meals at restaurants such as Hakka Fiamma (Chinese and Indian cuisine), Firestone Pizza Wings Shawarma, and Pizza Fiamma Hamilton. These make great places to eat before or after your ATM visit.
Are there any nearby grocery stores or convenience spots where I can shop near the Localcoin Bitcoin ATM?
Yes, Avondale Stores Ltd is a nearby grocery store, and the ATM itself is located in a convenience store, making it convenient for shopping or quick errands while visiting.
What local services and amenities are close to the Localcoin Bitcoin ATM that customers might find useful?
Nearby services include hair salons like SmartStyle and First Choice Haircutters, laundromats such as The Wash Laundry Services, and healthcare providers like Biosphere Inc. and Activa Clinics.