Localcoin Bitcoin ATM - Towngate News

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.

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.

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.

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.

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

We sell Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at our ATMs.

Localcoin is Canada’s largest cryptocurrency ATM network, allowing customers to buy cryptocurrency with cash at physical locations such as convenience stores and gas stations.

A Bitcoin ATM lets users buy cryptocurrencies like Bitcoin using cash, functioning similarly to a traditional ATM that deposits cash and sends crypto to your wallet, or sells crypto for cash.

The ATM is open Monday through Saturday from 8:00 AM to 7:00 PM, and on Sundays from 12:00 AM to 11:59 PM.

You can purchase Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at this ATM.

You can purchase a minimum of $20 CAD and a maximum of $995 CAD per transaction, with up to 5 transactions allowed per day.

The ATM only accepts Canadian cash bills. Other payment methods like debit or credit cards can be used to purchase online at localcoinatm.com.

First, download a crypto wallet app such as Trust Wallet or Coinbase Wallet. At the ATM, select your cryptocurrency, scan your wallet's QR code, insert Canadian cash, confirm the purchase, and your crypto will be sent to your wallet address.

Yes, there is wheelchair accessible parking available at the location.

Nearby places include Gabriel Pizza for a meal, Towngate Pharmacy for health and beauty supplies, and Hock Exchange for shopping and pawn services, which can be convenient stops before or after your ATM visit.

You can enjoy a meal at nearby restaurants such as Shawarma Station or Royal Buffet either before or after using the ATM, making your visit more convenient and enjoyable.

Yes, nearby facilities include BMO Financial Group for banking services, Gamma-Dynacare Medical Laboratory for medical tests, and Hunt Club Physiotherapy Clinic for physical therapy.