At our Bitcoin ATM in Kitchener 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.
Thank you for your service and step by step guide which eased my first transaction experience. I had watched tutorials on YouTube prior to dealing with Local coin, however the videos I watched featured one of your competitor U.S. franchises ATM'S so there were some differences within the process I was'nt expecting, one being the 20% transaction fee that I'm sure must have been posted somewhere, unfortunately I didn't see it. With that said, you're save 20% on service fee's 1 time offer came as a welcome surprise that I'm grateful to accept....
Thank You Localcoin!
Frequently Asked Questions About Localcoin Bitcoin ATM - Quickie
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 that allows customers to buy cryptocurrency with cash at over 950 physical ATMs located mainly in convenience stores and gas stations.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM in Kitchener?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the Localcoin Bitcoin ATM.
How do I use the Bitcoin ATM at Localcoin?
You need a crypto wallet such as Trust Wallet or Coinbase Wallet. At the ATM, select cryptocurrency, scan your wallet QR code, insert Canadian cash, confirm the purchase amount, and your cryptocurrency will be sent to your wallet, usually within minutes.
What are the operating hours of the Localcoin Bitcoin ATM at 120 Ottawa St N?
The Localcoin Bitcoin ATM at 120 Ottawa St N in Kitchener is open 24/7, every day of the week.
What payment methods are accepted at the Localcoin Bitcoin ATM?
The ATM only accepts Canadian cash bills. For debit or credit card purchases, visit their website at localcoinatm.com.
What are the purchase limits at the Localcoin Bitcoin ATM?
Minimum purchase is $20 CAD and the maximum is $995 per transaction, with up to 5 transactions allowed per day.
Is there wheelchair accessible parking available at the Localcoin Bitcoin ATM location?
Yes, the location offers wheelchair accessible parking for customers.
Are there any convenient places nearby where I can grab food before or after using the Localcoin Bitcoin ATM?
Yes, nearby food options include Subway, Dairy Queen, Tim Hortons, and the StrykerZ Kitchen and Bar, making it easy to enjoy a meal or snack when visiting the ATM.
What nearby services can I access after using the Localcoin Bitcoin ATM?
Nearby services include Eastwood Pharmacy and Clinic for health needs, Mohamad’s Barber Shop for grooming, and Sauders Dry Cleaners and Laundromat for laundry services.
How can nearby transit or other locations help me find the Localcoin Bitcoin ATM at 120 Ottawa St N?
The Localcoin Bitcoin ATM is located inside the Little Short Stop convenience store. Nearby landmarks like Value Village thrift store and Great Canadian Dollar Store can help you navigate to this location easily.