Bitcoin ATM located in Kaz Kitchen. 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 - Vapeasy
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 Trust Wallet and Blue Wallet.
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 provide?
Localcoin is Canada’s largest cryptocurrency ATM network, allowing customers to buy cryptocurrency with cash at over 950 physical ATMs primarily located in convenience stores and gas stations.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM at Vapeasy?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the Localcoin Bitcoin ATM located inside Vapeasy.
How do I use the Localcoin Bitcoin ATM at 1800 Bank Street?
To use the ATM, get a Bitcoin wallet like Trust Wallet or Coinbase Wallet, visit the machine with your wallet’s QR code and cash, scan the QR code, insert your Canadian cash bills, confirm the amount, and your cryptocurrency will be sent to your wallet, usually within minutes.
What are the operating hours of the Localcoin Bitcoin ATM at Vapeasy?
The ATM is open Monday to Wednesday from 09:00 to 23:00, Thursday and Friday from 09:00 to midnight, Saturday from 10:00 to 23:00, and Sunday from 09:00 to 23:00.
What payment methods are accepted at the Localcoin Bitcoin ATM?
The ATM only accepts Canadian cash bills. For other payment methods like debit or credit cards, purchases can be made online via the Localcoin website.
Are there limits when purchasing Bitcoin at the Localcoin ATM?
Yes. The minimum purchase amount is $20 CAD; the maximum is $995 per transaction, with a maximum of 5 transactions allowed per day.
What nearby places can I visit before or after using the Localcoin Bitcoin ATM at Vapeasy?
Nearby you can visit Vapeasy Vape Store for vaping products, ServiceOntario for government services, and Wireless Revolution Ottawa for mobile phone needs, all within walking distance of 1800 Bank Street.
How can nearby public offices like ServiceOntario and the Driver and Vehicle Licence Bureau assist me when visiting Localcoin ATM?
After using the Localcoin ATM, you can conveniently access nearby government offices like ServiceOntario and the Driver and Vehicle Licence Bureau for services such as licensing or other public needs located close by at 1800 Bank Street.
What food or dining options are near the Localcoin Bitcoin ATM at Vapeasy?
Nearby dining options include Domino's Pizza for quick delivery or dine-in, Beijing Legend for Chinese cuisine, and Ocho Rios Caribbean Eatery offering Jamaican and Caribbean dishes, perfect for a meal before or after using the ATM.
Where can I get additional financial services near the Localcoin Bitcoin ATM at Vapeasy?
You can find nearby financial services such as Western Union for money transfers, CIBC bank for banking needs, and Certified Mortgage Broker Ottawa for mortgage consultations near 1800 Bank Street.