Bitcoin ATM located in Arts Convenience. 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 - Arts Convenience
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 that allows customers to buy cryptocurrency with cash at physical locations, mainly convenience stores and gas stations.
What cryptocurrencies can I buy at Localcoin Bitcoin ATM - Arts Convenience?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at our Bitcoin ATMs.
How do I use a Bitcoin ATM at Localcoin?
Get a Bitcoin wallet app like Trust Wallet, Exodus or Coinbase Wallet, visit the ATM with your wallet's QR code and cash, scan the QR code at the ATM, insert your Canadian cash bills, confirm the purchase, and receive your Bitcoins in your wallet, usually within 10 to 30 minutes.
What are the Bitcoin purchase limits at this ATM location?
You can buy a minimum of $20 CAD and up to $995 CAD per transaction, with a maximum of 5 transactions per day.
What payment methods does Localcoin Bitcoin ATM accept?
The ATM accepts only Canadian cash bills for cryptocurrency purchases. Debit or credit card payments are only accepted through online purchases on our website.
What are the operating hours of Localcoin Bitcoin ATM - Arts Convenience in Newmarket?
The ATM is open every day from 7:00 AM to 10:00 PM.
Where is Localcoin Bitcoin ATM - Arts Convenience located?
It is located at 226 Eagle Street, Newmarket, ON L3Y 1J6, Canada, inside Arts Convenience store.
Are there any nearby transit or parking options to reach Localcoin Bitcoin ATM - Arts Convenience?
Nearby places such as Pik Kwik Convenience and Soapbox Laundry Services indicate a commercial area where local transit routes and parking are available, making it convenient to visit the ATM.
What points of interest are near Localcoin Bitcoin ATM - Arts Convenience where customers can visit before or after using the ATM?
Customers can explore nearby places like Passionarte Studio for art classes, Big Bone BBQ for dining, and Newmarket Health and Wellness Center for health services.
Are there any nearby wellness or beauty services close to Localcoin Bitcoin ATM?
Yes, nearby wellness and beauty places include SP Laser Centre for laser hair removal, BE YOU SPA, NewU Skin Spa, Hair By Pasqual salon, and Ayman Hair Studio.