At our Bitcoin ATM in Scarborough 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.
Poor old guy.. I feel bad for him working very hard. He’s way of making money is selling products couple of $ extra on each and every product. I went to buy milk he is charging me $16 for 2 bags of milk. Unfortunately I bought only one in a sense he living survive. It doesn’t matter to me.. just being nice so bought only 1 seeing his face
Frequently Asked Questions About Localcoin Bitcoin ATM - Markham 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 how does it operate?
Localcoin is Canada's largest cryptocurrency ATM network with over 950 physical ATMs at retail locations like convenience stores and gas stations where customers can buy cryptocurrency with cash.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM at Markham Convenience?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the Localcoin Bitcoin ATM.
Where is the Localcoin Bitcoin ATM located in Scarborough?
The Localcoin Bitcoin ATM is located at 276 Markham Rd, Scarborough, ON, M1J 3C5, Canada.
What are the operating hours of the Localcoin Bitcoin ATM at Markham Convenience?
The ATM is open Monday to Saturday from 8:30 AM to midnight, and Sunday from 10:30 AM to midnight.
How can I use the Localcoin Bitcoin ATM to purchase cryptocurrency?
Download a crypto wallet app like Trust Wallet or Coinbase Wallet, visit the ATM with your wallet's QR code and cash, scan the code at the ATM, insert cash, confirm your purchase, and the cryptocurrency will be sent to your wallet usually instantly.
What payment methods are accepted at the Localcoin Bitcoin ATM?
The ATM accepts Canadian cash bills only. For other payment methods, purchases can be made online through their website.
What are the transaction limits when buying Bitcoin at this ATM?
The minimum purchase is $20 CAD and the maximum is $995 per transaction, with up to five transactions allowed per day.
Is the Localcoin Bitcoin ATM at Markham Convenience wheelchair accessible?
Yes, the ATM location has a wheelchair accessible entrance.
What nearby dining options are available around the Localcoin Bitcoin ATM at Markham Convenience?
Nearby dining options include Karachi Kabab House, King of Taste, Sweet Spot Restaurant and Bar, Tim Choi's Chinese Food, Curry Leaves, Tharavadu Home Of Kerala Cuisine, Lajawab Biryani N Grills, North Kabab, Pizza Night, and Salam Halal Pizza N Chicken which are great for a meal before or after using the ATM.
Are there any nearby convenience stores or shops to visit when using the Localcoin Bitcoin ATM at Markham Convenience?
Yes, Markham Convenience itself is a convenience store where the ATM is located. Nearby you can also visit Neighbour’s Truck Shop for convenience or automotive needs, and Maggy’s Fine Food which offers groceries and delicatessen options.
What local services or entertainment venues are near the Localcoin Bitcoin ATM at Markham Convenience?
Nearby services and entertainment venues include Blanche Smiles dentist, Five Star Billiards for pool and bowling, Sami Beauty Salon, Styles Unisex Hair Salon & Barber Shop, and GreenLife Medical Centre for health needs.