Bitcoin ATM located in County Convenience. 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 - County Convenience
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 where can I find its Bitcoin ATM in Picton?
Localcoin is Canada’s largest cryptocurrency ATM network that allows customers to buy cryptocurrency with cash at physical locations. In Picton, you can find the Localcoin Bitcoin ATM inside County Convenience at 134 Main Street West.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM at County Convenience?
You can purchase Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the Localcoin Bitcoin ATM.
How do I use the Localcoin Bitcoin ATM to buy cryptocurrency?
First, get a crypto wallet such as Trust Wallet, Exodus, or Coinbase Wallet. Visit the Localcoin Bitcoin ATM at County Convenience, scan your wallet's QR code at the machine, insert Canadian cash bills, and confirm your purchase. Your Bitcoins will be sent to your wallet shortly after.
What are the purchase limits at the Localcoin Bitcoin ATM?
You can buy a minimum of $20 CAD and a maximum of $995 CAD per transaction, with up to 5 transactions allowed per day.
What hours is the Localcoin Bitcoin ATM at County Convenience open?
The ATM is open Monday to Saturday from 6:00 AM to 10:00 PM and Sunday from 7:00 AM to 9:00 PM.
What payment methods does the Localcoin Bitcoin ATM accept?
The ATM only accepts Canadian cash bills. For other payment methods like debit or credit cards, you can purchase cryptocurrency online via their website.
Are there any banks nearby where I can withdraw cash before using the Localcoin Bitcoin ATM?
Yes, nearby you can find TD Canada Trust Branch and ATM as well as TD Bank, both offering banking services including ATMs where you can withdraw cash before using the cryptocurrency ATM.
Can I visit other convenience stores or gas stations near the Localcoin Bitcoin ATM?
Yes, near the Localcoin ATM at County Convenience, there's Esso Canada and Picton ESSO Fuel and Car Wash where you can refuel or grab convenience items before or after using the crypto ATM.
What local food options are available near the Localcoin Bitcoin ATM for a snack after my transaction?
You can enjoy meals at nearby places like Prince Edward Pizza, The Vic Drive-In, Vic Social cafe, or The Golden Inn Chinese restaurant after using the cryptocurrency ATM.
Is the Localcoin Bitcoin ATM located in a secure and accessible area in Picton?
Yes, the ATM is located at County Convenience on Main Street West, in a central area of Picton close to various shops, banks, and dining options, making it accessible and convenient for customers.