Bitcoin ATM located in White Oaks Mall. 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 - White Oaks Mall
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 where can I find its Bitcoin ATM in London?
Localcoin is Canada’s largest cryptocurrency ATM network, allowing customers to buy cryptocurrency with cash at physical locations. In London, you can find a Localcoin Bitcoin ATM at White Oaks Mall, 1105 Wellington Road.
How do I use the Bitcoin ATM at White Oaks Mall?
To use the Bitcoin ATM, get a Bitcoin wallet app like Trust Wallet or Coinbase Wallet, visit the Localcoin ATM at White Oaks Mall, scan your wallet's QR code at the machine, insert Canadian cash bills, and confirm your purchase. Bitcoins are usually sent instantly but can take up to 2 hours in some cases.
What types of cryptocurrencies can I buy at the Localcoin Bitcoin ATM?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the Localcoin Bitcoin ATM.
What are the purchase limits for cryptocurrencies at the Localcoin ATM?
The minimum purchase amount is $20 CAD, and the maximum is $995 per transaction, with a limit of 5 transactions per day.
What payment methods are accepted at the Localcoin Bitcoin ATM?
The ATM accepts only Canadian cash bills. For other payment methods such as debit or credit cards, you can purchase cryptocurrencies online at localcoinatm.com.
What are the operating hours of the Localcoin Bitcoin ATM at White Oaks Mall?
The ATM is open Monday to Friday from 10:00 to 21:00, Saturday from 10:00 to 20:00, and Sunday from 10:00 to 17:00.
Where is the Localcoin Bitcoin ATM located within White Oaks Mall?
The Localcoin Bitcoin ATM is situated at 1105 Wellington Road inside White Oaks Mall in London, Ontario.
Are there any nearby banks I can use when visiting the Localcoin Bitcoin ATM?
Yes, CIBC is a nearby bank located close to White Oaks Mall, which may be convenient for your banking needs when visiting the Localcoin Bitcoin ATM.
What nearby food options are available around the Localcoin Bitcoin ATM at White Oaks Mall?
You have several food options nearby including Taco Bell Canada for Mexican fast food, New York Fries for American fast food, Manchu Wok for Chinese cuisine, COBS Bread bakery, and Orange Julius for ice cream treats.
Are there places to get coffee or relax near the Localcoin Bitcoin ATM at White Oaks Mall?
Yes, Starbucks is a nearby coffee shop where you can relax and enjoy a coffee before or after using the Localcoin Bitcoin ATM at White Oaks Mall.