At our Bitcoin ATM in Peterborough 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 - Discount 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 is Localcoin?
Localcoin is Canada’s largest cryptocurrency ATM network where customers can buy cryptocurrency with cash at over 950 physical ATMs located mainly in convenience stores and gas stations.
How can I use the Localcoin Bitcoin ATM at Discount Mini-Mart in Peterborough?
To use the Localcoin Bitcoin ATM, get a crypto wallet like Trust Wallet or Coinbase, visit the ATM at 584 Monaghan Rd, scan your wallet's QR code on the machine, insert Canadian cash, and confirm your purchase. Your cryptocurrency will be sent to your wallet address shortly after.
What cryptocurrencies can I buy at the Localcoin ATM in Peterborough?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the Localcoin ATM in Peterborough.
What are the operating hours of the Localcoin Bitcoin ATM at Discount Mini-Mart?
The ATM is open daily from 6:00 AM to 11:00 PM in Peterborough’s local time zone.
What is the minimum and maximum amount I can purchase at the Localcoin Bitcoin 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.
What payment methods are accepted at the Localcoin Bitcoin ATM?
The Localcoin Bitcoin ATM only accepts Canadian cash bills. For other payment options like debit or credit cards, you can buy cryptocurrency online at localcoinatm.com.
Are there nearby places where I can grab a bite before or after using the Localcoin Bitcoin ATM?
Yes, nearby eateries such as the Fifties Good Time Cafe, The Rink Tap And Grill, and PizzaBoro offer dining options conveniently close to the ATM at 584 Monaghan Rd.
Can I find other useful services near the Localcoin Bitcoin ATM in Peterborough?
Yes, there is a UPS Access Point location nearby for courier services, as well as professional services like Heartlines Copywriting Studio and Real Estate Lawyers.ca LLP in the vicinity.
Are there community or recreational spots near the Localcoin Bitcoin ATM at Discount Mini-Mart?
Nearby you can visit places such as the Nogojiwanong Friendship Centre, Downtown Youth Space, and Liz Doris Yoga studio, great for community engagement and wellness activities.
Does the Localcoin Bitcoin ATM location have wheelchair accessible parking?
Yes, the Localcoin Bitcoin ATM at Discount Mini-Mart offers wheelchair accessible parking for customers.