Bitcoin ATM located in Ken & Marg Grocery. 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 - Ken & Marg Grocery
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 Trust Wallet and Blue Wallet.
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 that allows customers to buy cryptocurrency with cash at physical ATM locations typically found in convenience stores and gas stations.
How does a Bitcoin ATM work at Localcoin?
A Bitcoin ATM allows users to buy Bitcoin and other cryptocurrencies using cash. You scan your cryptocurrency wallet's QR code at the machine, insert cash, and the purchased cryptocurrency is sent to your wallet. Selling Bitcoin for cash is also possible.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM in Ken & Marg Grocery?
You can purchase Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the ATM located at Ken & Marg Grocery.
What are the operating hours of the Localcoin Bitcoin ATM at 1163 Montreal Street?
The ATM operates Monday to Friday from 7:00 AM to 9:30 PM, and Saturday and Sunday from 8:00 AM to 9:00 PM.
What payment methods are accepted at this Localcoin Bitcoin ATM?
This ATM accepts only Canadian cash bills for cryptocurrency purchases. Other payment methods like debit or credit cards are available for online purchases through the Localcoin website.
What are the purchase limits at the Localcoin Bitcoin ATM at Ken & Marg Grocery?
You can buy a minimum of $20 CAD and a maximum of $995 per transaction, with up to 5 transactions allowed per day.
How do I find the Localcoin Bitcoin ATM when visiting Ken & Marg Grocery?
The ATM is located inside Ken & Marg Grocery at 1163 Montreal Street, Kingston, ON K7K 3K6. Ken & Marg Grocery is a recognized nearby grocery and convenience store.
What nearby places can I visit after using the Localcoin Bitcoin ATM?
After using the ATM, you can visit nearby locations such as Subway for food, Daly Street Skate Park for recreation, or St. Matthew's United Church for community activities.
Are there other convenience stores near the Localcoin Bitcoin ATM where I can shop?
Yes, nearby you can find convenience stores such as Circle K and Family Mart, convenient for grabbing snacks or essentials before or after using the ATM.
Is public transportation or community amenities available near the Localcoin Bitcoin ATM at Ken & Marg Grocery?
While specific transit stations are not listed, the area includes community centers like Rideau Heights Community Centre and recreational venues like Rideau Heights Recreation Centre, which can be useful landmarks or stops when visiting the area.