At our Bitcoin ATM in Malton 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.
Frequently Asked Questions About Localcoin Bitcoin ATM - Malton Variety
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 at the Malton Variety location?
Localcoin is Canada’s largest cryptocurrency ATM network enabling customers to buy cryptocurrencies with cash at physical ATMs primarily located in convenience stores and gas stations. At the Malton Variety location, you can buy Bitcoin and other popular cryptocurrencies such as Ethereum and Litecoin with cash.
What cryptocurrencies can I purchase at the Localcoin Bitcoin ATM in Malton?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the Localcoin Bitcoin ATM in Malton Variety.
How do I use the Bitcoin ATM at Localcoin in Malton Variety?
To use the Bitcoin ATM, first get a crypto wallet app like Trust Wallet, Exodus, or Coinbase Wallet. Bring your wallet’s QR code to the ATM, select your cryptocurrency, scan your wallet’s QR code, insert Canadian cash, confirm your purchase, and receive your cryptocurrency which is usually sent instantly or within a few hours.
What are the operating hours for Localcoin’s Bitcoin ATM at Malton Variety?
The ATM is open daily from 9:00 AM to 10:00 PM, Monday through Sunday.
What payment methods does the Localcoin Bitcoin ATM accept?
The ATM accepts Canadian cash bills only. Other payment methods like debit or credit cards are available through online purchases on their website.
What are the purchase limits for using the Bitcoin ATM at Malton Variety?
The minimum purchase amount 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 in Malton?
Yes, the location has wheelchair accessible parking available for customers.
Are there dining options near the Localcoin Bitcoin ATM in Malton Variety?
Yes, nearby dining options include Pure Punjabi Sweets And Restaurant for Indian cuisine, Chicken N Tings for Caribbean fast food, and Veggie Villa for vegetarian Indian fast food.
What services can I find nearby the Localcoin Bitcoin ATM in Malton Variety?
Nearby services include Brandon Gate Dental Care for dental needs, Good Luck Pharmacy Inc for pharmacy and holistic services, and Atlas Sports Fitness and Rehab for physical therapy and chiropractic care.
What nearby places can help with errands when visiting the Localcoin Bitcoin ATM?
You can visit Malton Variety for discount shopping and flowers, UPS Access Point location for shipping and courier services, and Nanak Grocers for grocery and deli items, all located close to the Bitcoin ATM.