At our Bitcoin ATM in Toronto 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 and what services does it provide?
Localcoin is Canada’s largest cryptocurrency ATM network that enables customers to buy cryptocurrency with cash at physical locations, mainly convenience stores and gas stations.
How does a Bitcoin ATM work?
A Bitcoin ATM allows users to buy Bitcoin and other cryptocurrencies using cash by depositing cash and receiving cryptocurrency in their digital wallet, or selling cryptocurrency and receiving cash.
How can I use a Bitcoin ATM at Localcoin?
You first need a Bitcoin wallet app with a QR code, visit the ATM, select a cryptocurrency, scan your wallet’s QR code, insert cash, confirm the purchase, and receive cryptocurrency in your wallet within minutes.
What is a cryptocurrency wallet and how do I get one?
A crypto wallet is used to hold and transact cryptocurrencies by generating public addresses. You can download wallets like BRD Wallet, Bitpay, or Blockchain from your app store.
What are the purchase limits when buying Bitcoin at Localcoin ATMs?
The minimum purchase amount is $20 CAD, and the maximum is $995 per transaction, with up to 5 transactions allowed per day.
What payment methods are accepted at Localcoin Bitcoin ATMs?
Only Canadian cash bills are accepted at the ATMs. For debit or credit card payments, purchases can be made online through the Localcoin website.
Which cryptocurrencies are available at Localcoin Bitcoin ATMs?
Localcoin ATMs support Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether.
What are the operating hours of the Localcoin Bitcoin ATM at Cliffside Milk?
The ATM is open daily from 8:30 AM to 9:30 PM.
Are there any nearby places I can visit before or after using the Localcoin Bitcoin ATM?
Yes, nearby you can visit Tara Inn, an Irish pub for dining or drinks, Canada Post for mailing services, and Kennedy Flowers for gifts, making it convenient to combine errands or leisure with your visit.
How can nearby places like Banglabazar Supermarket and KFC help during my visit to Localcoin Bitcoin ATM?
You can shop for groceries at Banglabazar Supermarket or grab a quick meal at KFC nearby, making it easy to plan a day of errands including using the Localcoin ATM in the area.
Can I find personal care services near the Localcoin Bitcoin ATM at Cliffside Milk?
Yes, nearby you have options like New York Nails for beauty services and Island Smiles Teeth Whitening for dental aesthetics, convenient for combining personal care with your visit to the ATM.