Bitcoin ATM located in Riveredge Convenience. You can buy Bitcoin and other popular cryptocurrency at our ATM with cash. 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 - Riveredge 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 lets you buy cryptocurrency with cash at physical locations, mainly convenience stores and gas stations.
Where is the Localcoin Bitcoin ATM located in Keswick?
It is located inside Riveredge Convenience at 225 The Queensway S, Unit 8, Keswick, ON.
What cryptocurrencies can I buy at the Localcoin ATM in Riveredge Convenience?
You can purchase Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the ATM.
What are the operating hours of the Localcoin Bitcoin ATM at Riveredge Convenience?
The ATM is available every day from 9:00 AM to 10:00 PM.
How do I use the Bitcoin ATM at Riveredge Convenience?
Get a crypto wallet app, visit the ATM with your wallet address or QR code and cash, select your cryptocurrency, scan your wallet's QR code, insert cash, confirm the purchase, and your cryptocurrency will be transferred to your wallet.
What payment methods does the Localcoin Bitcoin ATM accept?
The ATM only accepts Canadian cash bills. Debit or credit cards are not accepted at the machine.
Are there any nearby places where I can grab food after using the Localcoin ATM?
Yes, nearby you can find Sammy’s Chicken Coop, Rice & Noodle, 241 Pizza, Fantastic Pizza, Kings Tavern, and Riveredge Restaurant for a variety of dining options.
Is the Localcoin ATM accessible for people with disabilities?
Yes, the ATM location offers wheelchair accessible parking for customers.
Where can customers find financial services near the Localcoin Bitcoin ATM in Keswick?
Western Union, a money transfer service, is located nearby for additional financial needs.
Are there convenient transit options or interesting places near the Localcoin Bitcoin ATM?
While specific transit stations are not listed, the ATM is inside Riveredge Convenience surrounded by shops like On the Run Convenience Store and Pioneer Energy gas stations, making it easy to access and combining errands.