At our Bitcoin ATM in Ottawa 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 - World Autos
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 - World Autos offer?
Localcoin Bitcoin ATM - World Autos allows customers to buy Bitcoin and other popular cryptocurrencies using cash through a physical ATM.
What cryptocurrencies can I buy at Localcoin Bitcoin ATM?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the ATM.
How do I use the Bitcoin ATM at Localcoin Bitcoin ATM - World Autos?
Get a crypto wallet app, visit the ATM with your wallet's QR code, select your cryptocurrency, insert cash, and the coins will be sent to your wallet. Transactions are usually quick but can take up to 1-2 hours in rare cases.
What are the purchasing limits at this Bitcoin ATM?
The minimum purchase is $20 CAD; the maximum is $995 per transaction with a limit of 5 transactions daily.
What are the payment methods accepted at Localcoin Bitcoin ATM - World Autos?
This ATM accepts Canadian cash bills only. For card payments, customers can purchase online via the Localcoin website.
What are the operating hours for Localcoin Bitcoin ATM - World Autos?
The ATM operates Monday to Friday from 6:30 AM to 10:00 PM, Saturday 8:00 AM to 10:00 PM, and Sunday 9:00 AM to 7:00 PM.
Is there wheelchair accessible parking available at Localcoin Bitcoin ATM - World Autos?
Yes, wheelchair accessible parking is available at this location.
How can I get to Localcoin Bitcoin ATM - World Autos using nearby transit or landmarks?
While specific transit stations are not listed, customers can locate the ATM at 455 Donald St in Ottawa, near places like Localcoin Bitcoin ATM - Target Fuel and Esso Canada gas station for easy landmark reference.
Are there nearby amenities where I can grab food before or after visiting the Bitcoin ATM?
Yes, Supreme Pizzeria is close by where customers can enjoy pizza, making it a convenient spot to visit around their ATM transaction.
What other automotive or service businesses are near Localcoin Bitcoin ATM - World Autos?
Nearby are Crown Motors Ottawa offering auto detailing and tinting, as well as Dino's Auto Sales and Esso Canada gas station with convenience store and oil change services, useful for customers combining errands.