Bitcoin ATM located in Square One. 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
Location
Localcoin Bitcoin ATM (Buy & Sell) - Square One Shopping Centre
Frequently Asked Questions About Localcoin Bitcoin ATM (Buy & Sell) - Square One Shopping Centre
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 how does it operate?
Localcoin is Canada’s largest cryptocurrency ATM network allowing customers to buy cryptocurrency with cash at physical locations, primarily convenience stores and gas stations with over 950 ATMs.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM at Square One Shopping Centre?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the Localcoin Bitcoin ATM.
How do I use the Localcoin Bitcoin ATM at Square One Shopping Centre?
Use a cryptocurrency wallet app (e.g., Trust Wallet, Exodus, Coinbase Wallet), visit the ATM with your wallet’s QR code and cash, scan the QR code at the ATM, deposit Canadian cash bills, confirm the amount including service fees, and your cryptocurrency will be sent to your wallet within minutes to a couple of hours.
What are the purchase limits at the Square One Localcoin Bitcoin ATM?
You can buy a minimum of $20 CAD and a maximum of $995 per transaction, with up to 5 transactions allowed per day.
What payment methods are accepted at the Localcoin Bitcoin ATM?
Only Canadian cash bills are accepted at the Bitcoin ATMs. For debit or credit card payments, you can purchase cryptocurrencies online via the Localcoin website.
What are the operating hours of the Localcoin Bitcoin ATM at Square One Shopping Centre?
The ATM operates Monday to Saturday from 10:00 AM to 9:00 PM and Sunday from 11:00 AM to 7:00 PM.
Where is the Localcoin Bitcoin ATM located in Mississauga?
It is located at 100 City Centre Drive inside the Square One Shopping Centre, Mississauga, ON L5B 2C9, Canada.
Are there nearby stores where I can shop or dine after using the Localcoin Bitcoin ATM in Square One?
Yes, nearby you’ll find Armani Exchange for clothing, Moxies Square One Restaurant for dining, and Purdys Chocolatier for chocolates, among many other retail and food options inside Square One Shopping Centre.
Can I visit other retail stores like fashion and beauty shops after using the Localcoin ATM at Square One?
Absolutely, stores such as Alo for fashion, Benefit Cosmetics Brow Bar for beauty services, and Tiffany & Co. for jewelry are located nearby, providing a range of shopping experiences within the same mall.
How can I use nearby transport or services to access the Localcoin Bitcoin ATM at Square One Shopping Centre?
Square One is well connected and you can use telecom stores nearby such as Virgin Mobile Canada and TELUS to get mobile services or directions. Once there, enjoy amenities like Starbucks for coffee during your visit.