Bitcoin ATM located in Little Short Stop. 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 - Quickie - King St E
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, allowing customers to buy various cryptocurrencies with cash at over 950 physical ATMs, mainly located in convenience stores and gas stations.
How can I purchase Bitcoin using a Localcoin Bitcoin ATM?
To use a Localcoin Bitcoin ATM, get a crypto wallet app like Trust Wallet or Coinbase Wallet, visit the ATM, select your cryptocurrency, scan your wallet's QR code, insert cash, confirm the purchase, and your Bitcoins will be sent to your wallet, usually instantly.
What cryptocurrencies are available at the Localcoin Bitcoin ATMs?
Localcoin ATMs offer a range of cryptocurrencies including Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether.
What are the limits and fees for purchasing cryptocurrency at a Localcoin ATM?
You can buy a minimum of $20 CAD and a maximum of $995 per transaction, with up to 5 transactions daily. Service fees apply and vary based on the cryptocurrency market.
Where is the Localcoin Bitcoin ATM - Quickie - King St E located?
It is located at 3014 King St E, Kitchener, ON N2A 1B3, inside the Quickie convenience store.
What are the operating hours of the Localcoin Bitcoin ATM at King St E?
This Localcoin Bitcoin ATM is open 24 hours a day, 7 days a week, providing around-the-clock access for customers.
Is the Localcoin Bitcoin ATM - Quickie - King St E accessible to people with disabilities?
Yes, the ATM location has wheelchair-accessible entrance and parking available to accommodate all customers.
Can customers use other payment methods besides cash at the Localcoin Bitcoin ATM?
No, only Canadian cash bills are accepted at the ATM. For other payment methods like debit or credit cards, customers can purchase cryptocurrencies online via Localcoin's website.
What nearby convenience stores could I visit before using the Localcoin Bitcoin ATM?
Nearby convenience stores include Little Short Stop and On The Run, which offer various retail services and are convenient places to visit when accessing the Localcoin ATM.
Are there any nearby restaurants or places to eat around the Localcoin Bitcoin ATM - Quickie - King St E?
Yes, nearby dining options include Dels (Italian and pizza), Charcoal Steak House, Martini's American restaurant and bar, and Paranthe Wali Gali Indian restaurant, perfect for enjoying a meal before or after using the ATM.