Bitcoin ATM located in Village Smoke 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 - Village Smoke 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 what services does it provide?
Localcoin is Canada’s largest cryptocurrency ATM network, allowing customers to buy cryptocurrency with cash at over 950 ATMs primarily located in convenience stores and gas stations.
Where is the Localcoin Bitcoin ATM located in Scarborough?
The Localcoin Bitcoin ATM is located inside Village Smoke Convenience at 790 Military Trail, Scarborough, ON M1E 4P7.
What are the operating hours of the Localcoin Bitcoin ATM at Village Smoke Convenience?
The ATM operates daily from 8:00 AM to 10:00 PM.
How do I use the Localcoin Bitcoin ATM to purchase cryptocurrency?
First, download a Bitcoin wallet app (e.g., Trust Wallet, Exodus, Coinbase Wallet). At the ATM, select your cryptocurrency, scan your wallet's QR code, insert cash, and confirm the transaction. Bitcoins typically arrive within 10–30 minutes.
What cryptocurrencies can I buy at this Localcoin ATM?
You can purchase Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether.
What are the transaction limits at the Localcoin Bitcoin ATM?
The minimum purchase is $20 CAD, with a maximum of $995 per transaction and up to 5 transactions per day.
What payment methods are accepted at the Localcoin Bitcoin ATM?
Only Canadian cash bills are accepted at the ATM. For debit or credit card payments, customers can purchase online via the Localcoin website.
Is the Localcoin Bitcoin ATM at Village Smoke Convenience wheelchair accessible?
Yes, the entrance to the ATM is wheelchair accessible.
What nearby restaurants can I visit before or after using the Localcoin Bitcoin ATM?
You can visit nearby eateries such as Regino's Pizza, Burger And Wings, Zak's Bar and Grill, and Popeyes Louisiana Kitchen for a variety of food options.
What nearby facilities could help me find the Localcoin Bitcoin ATM or enjoy local amenities?
Nearby places like Pioneer Gas Station, On The Run Convenience Store, and Military Trail Traffic Island Park can help orient you. After your visit, consider enjoying sports and recreation venues such as the Toronto Pan Am Sports Centre or Scarborough Swim Club.