At our Bitcoin ATM in North York 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 - Anytime 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 do they offer at the North York ATM?
Localcoin is Canada's largest cryptocurrency ATM network, allowing customers to buy cryptocurrency such as Bitcoin, Ethereum, and Litecoin with cash at physical ATMs located primarily in convenience stores and gas stations, including the North York location.
How do I use the Localcoin Bitcoin ATM at 5215 Yonge St?
To use the ATM, first get a Bitcoin wallet app like Trust Wallet or Coinbase Wallet. Then, visit the ATM with your wallet's QR code and cash. Scan the QR code at the machine, insert cash, confirm your purchase, and your Bitcoins will be sent to your wallet usually within 10 to 30 minutes.
What cryptocurrencies can I buy at the Localcoin ATM in North York?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at this ATM.
What are the purchase limits at the Localcoin Bitcoin ATM?
You can purchase between $20 CAD and $995 CAD per transaction, with a maximum of 5 transactions allowed per day.
What payment methods are accepted at the Localcoin ATM?
The ATM accepts Canadian cash bills only. For debit or credit card payments, you can purchase cryptocurrency online via their website.
What are the operating hours of the Localcoin Bitcoin ATM at Anytime Convenience?
The ATM is open every day from 8:00 AM to 1:00 AM.
Is there wheelchair accessible parking available at the Localcoin Bitcoin ATM location?
Yes, the location features wheelchair accessible parking for customers.
What nearby places can I visit when I come to the Localcoin Bitcoin ATM at Anytime Convenience?
Nearby you can visit Anytime Convenience for snacks, Wako Sushi + Bar for Japanese cuisine, and ITS Tea for bubble tea and smoothies, offering a great variety of food and drink options before or after your visit to the ATM.
Are there any legal or financial services near the Localcoin Bitcoin ATM in North York?
Yes, nearby legal services include Paritzky Family Law, Rocket Divorce, SET Law, and Simple Closings. This could be convenient if you need legal advice nearby your cryptocurrency transactions.
What other businesses and services can I find near the Localcoin Bitcoin ATM that might be useful?
Near the ATM you will find places such as Delmanor Corporate Office (assisted living), Pet Valu (pet store), Evan Ross Hairstylist (beauty salon), and educational services like iae TORONTO ARABIC, providing diverse options to combine your visit with other needs.