Bitcoin ATM located in Daisy Mart 1106. 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 - Daisy 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 and what services does it provide?
Localcoin is Canada's largest cryptocurrency ATM network, offering customers the ability 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 - Daisy Mart?
You can purchase Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the Localcoin Bitcoin ATM located in Daisy Mart 1106.
How do I use the Localcoin Bitcoin ATM at Daisy Mart?
First, get a crypto wallet such as Trust Wallet, Exodus, or Coinbase Wallet. Visit the ATM with your wallet's QR code. Select your cryptocurrency, scan your QR code at the machine, insert Canadian cash bills, confirm the purchase and your coins will be sent to your wallet within minutes.
Where is the Localcoin Bitcoin ATM - Daisy Mart located and what are its hours?
It is located at 512 Kingston Rd, Pickering, ON, L1V 1A6, Canada. The ATM operates daily from 8:00 AM to 9:00 PM Monday to Saturday, and 8:00 AM to 8:00 PM on Sundays.
What payment methods are accepted at the Localcoin Bitcoin ATM in Daisy Mart?
The ATM accepts only Canadian cash bills for cryptocurrency purchases. Other payment methods like debit or credit cards are available through online purchases on their website.
What are the transaction limits when buying Bitcoin at this Localcoin ATM?
The minimum purchase amount is $20 CAD, and the maximum is $995 per transaction, with up to 5 transactions allowed per day.
Are there any additional fees when using this Bitcoin ATM?
Yes, a service fee applies and varies according to the current Bitcoin market prices.
Is the Localcoin Bitcoin ATM at Daisy Mart wheelchair accessible?
Yes, the ATM location has wheelchair accessible parking available for customers.
What nearby places can I visit around the Localcoin Bitcoin ATM - Daisy Mart?
Nearby you can find burger and coffee options like Burger King and Tim Hortons, as well as several beauty salons such as Custom Hair Clinic and FM Aesthetics Inc, perfect for grabbing a bite or a haircut before or after your ATM visit.
How can nearby ATMs like TD Canada Trust or RBC Royal Bank ATM help me when visiting Localcoin Bitcoin ATM at Daisy Mart?
If you need additional cash before using the Localcoin Bitcoin ATM, nearby ATMs like TD Canada Trust and RBC Royal Bank can provide convenient cash withdrawals to facilitate your cryptocurrency purchase.