At our Bitcoin ATM in Richmond Hill 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.
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 that enables customers to buy cryptocurrency with cash at a physical location, primarily at convenience stores and gas stations.
What cryptocurrencies can I buy at Localcoin Bitcoin ATM - Honeybee Discount Convenience in Richmond Hill?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the ATM.
What are the operating hours of the Localcoin Bitcoin ATM at Honeybee Discount Convenience?
The ATM is open every day from 8:00 AM to 10:00 PM.
How do I use the Bitcoin ATM at Localcoin Honeybee Discount Convenience?
To use the ATM, get a cryptocurrency wallet app, bring your wallet's address or QR code, visit the ATM, select your cryptocurrency, scan your wallet’s QR code, insert Canadian cash, confirm the purchase, and your crypto will be sent to your wallet typically within minutes.
What payment methods are accepted at the Localcoin Bitcoin ATM - Honeybee Discount Convenience?
Only Canadian cash bills are accepted at the ATM. For debit or credit card payments, purchases can be made online via the Localcoin website.
Are there any transaction limits when buying cryptocurrency at this ATM?
Yes, the minimum purchase amount is $20 CAD and the maximum per transaction is $995 CAD, with up to 5 transactions allowed per day.
Does the Localcoin Bitcoin ATM at Honeybee Discount Convenience have wheelchair accessible parking?
Yes, there is wheelchair accessible parking available at this location.
What nearby places can I visit when coming to the Localcoin Bitcoin ATM at Honeybee Discount Convenience?
Nearby, you can visit Oyaji Sushi for Japanese cuisine, The Beer Store for beverages, or Belly Bumps and Babies for baby gear and furniture shopping.
How can nearby transit or transportation services help me reach the Localcoin Bitcoin ATM at Honeybee Discount Convenience?
You can use Carry2cash transportation services nearby to conveniently get to the ATM located at 10341 Yonge St in Richmond Hill.
What other services around the Localcoin Bitcoin ATM might be useful for customers?
Nearby services include Neighbourhood Pharmasave for pharmacy needs, Donya Medical Spa for spa treatments, and Our City Financial Group for financial services, making it convenient to combine errands when visiting.