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 - MJ Mini Mart
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 services does Localcoin Bitcoin ATM at MJ Mini Mart offer?
Localcoin Bitcoin ATM - MJ Mini Mart allows you to buy Bitcoin and other popular cryptocurrencies such as Ethereum and Litecoin with cash.
Where is Localcoin Bitcoin ATM - MJ Mini Mart located?
It is located at 1539 Jane St, North York, ON, M9N 2R3, Canada.
What are the operating hours of the Localcoin Bitcoin ATM at MJ Mini Mart?
The ATM is open 24 hours a day, 7 days a week.
How can I use the Bitcoin ATM to purchase cryptocurrency?
You need a Bitcoin wallet (such as Trust Wallet, Exodus or Coinbase Wallet), then visit the ATM, select cryptocurrency, scan your wallet's QR code, insert cash, and confirm your purchase. Tokens are sent usually instantly but may take 10-30 minutes or more in rare cases.
What cryptocurrencies are available at this ATM?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether.
What are the purchase limits at this Bitcoin ATM?
The minimum purchase is 20 CAD and the maximum is 995 CAD per transaction, with up to 5 transactions allowed per day.
What payment methods are accepted at this Bitcoin ATM?
The ATM accepts only Canadian cash bills. Debit or credit cards are accepted for online purchases via the website.
Are there any nearby places where I can get gas or convenience items when visiting the Localcoin Bitcoin ATM?
Yes, nearby you can find Shell and Fas Gas Plus which offer gas stations and convenience stores, making it easy to combine errands during your visit.
Which nearby dining options are available around the Localcoin Bitcoin ATM location?
You can visit Tunup Islands Caribbean Foods for Caribbean cuisine or Subway for quick sandwiches and fast food, both close to the ATM location.
Are there any nearby financial services to complement the Bitcoin ATM visit?
Nearby financial services include Pay2day, Cash 4 You for payday loans and check cashing, Money Mart for financial services, and Western Union for currency exchange and money transfer.