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.
I like using local coin to purchase my bitcoin, but it worries me when they are inflating the price of a single coin by about 5K. At the time that I write this review, BTC to CAD is supposed to be about 39,500 but the machine was registering just over 45000 for a single coin. Maybe it was an error within the company, maybe not... but still worth using their services
SM
Silvana Massella
Feb 23, 2023
5.0
I love using the machine it is good If you guys will have this another story we'll be awesome
Frequently Asked Questions About Localcoin Bitcoin ATM - Hasty 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?
Localcoin is Canada’s largest cryptocurrency ATM network, allowing customers to buy cryptocurrency with cash at over 950 physical ATMs located primarily in convenience stores and gas stations.
How can I use the Localcoin Bitcoin ATM at Hasty Market?
To use the ATM, get a Bitcoin wallet app like Trust Wallet or Coinbase Wallet, visit the ATM with your wallet's QR code and cash, 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 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 this ATM.
What are the purchasing limits at this Bitcoin ATM?
The minimum purchase is $20 CAD and the maximum is $995 per transaction, with up to 5 transactions allowed per day.
What payment methods does the Localcoin Bitcoin ATM accept?
This ATM accepts Canadian cash bills only. For other payment methods like debit or credit cards, purchases can be made online via their website.
What are the operating hours for the Localcoin Bitcoin ATM at Hasty Market?
The ATM is open daily from 6:30 AM to 11:00 PM.
Is the Localcoin Bitcoin ATM at Hasty Market accessible for individuals with disabilities?
Yes, the location offers wheelchair accessible parking, ensuring convenient access for individuals with disabilities.
What nearby places can I visit when using the Localcoin Bitcoin ATM at Hasty Market?
Nearby places include Weston Pizza & Wings for a meal, James Street Cannabis Company if interested in wellness products, and Waterfront Nails and Spa for beauty treatments, allowing you to combine your visit with other activities.
Are there convenient food options near the Localcoin Bitcoin ATM?
Yes, near the ATM you can find restaurants like North End Pita, Grandad's Donuts and the Fisher's Pier 4 Pub, perfect for grabbing a meal or a snack before or after your transaction.
Can I access financial and other essential services nearby the Localcoin Bitcoin ATM?
Absolutely, nearby you will find services such as Scotiabank for banking, Kohler Drug Store for pharmacy needs, and Hamilton-Oshawa Port Authority for government-related services, providing convenience for multiple errands in one trip.