Bitcoin ATM located in Barb's Laundromat - Cumberland. 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
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 ATMs?
Localcoin is Canada’s largest cryptocurrency ATM network that allows you to buy cryptocurrency with cash at over 950 physical ATMs located mainly in convenience stores and gas stations.
What are the operating hours of the Localcoin Bitcoin ATM at Barb's Laundromat - Cumberland?
The ATM is open daily from 8:00 AM to 9:30 PM.
How do I use the Bitcoin ATM at Barb's Laundromat to buy cryptocurrency?
You need a crypto wallet app such as Trust Wallet or Coinbase Wallet on your smartphone. At the ATM, select your cryptocurrency, scan your wallet's QR code, insert Canadian cash, confirm your purchase, and the coins will be sent to your wallet, usually instantly but may take up to 2 hours in rare cases.
What cryptocurrencies can I purchase at the Localcoin Bitcoin ATM located in Barb's Laundromat?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at this ATM.
What payment methods does the Localcoin Bitcoin ATM accept?
This ATM only accepts Canadian cash bills for purchases. For other payment methods like debit or credit cards, you can buy cryptocurrency online at localcoinatm.com.
Are there any transaction limits when purchasing cryptocurrency at this ATM?
Yes, the minimum purchase is $20 CAD and the maximum per transaction is $995 CAD, with a limit of 5 transactions per day.
Is the Localcoin Bitcoin ATM at Barb's Laundromat wheelchair accessible?
Yes, the location has wheelchair accessible parking to accommodate customers with mobility needs.
What nearby places can I visit when using Localcoin Bitcoin ATM at Barb's Laundromat?
Nearby you can visit Robin's Donuts for coffee, Rice N Spice grocery store, or relax at Bar Polonia after your visit to the ATM.
How can nearby conveniences like Barb's Laundromat and Shell gas station be useful for visitors to the Localcoin Bitcoin ATM?
You can do your laundry at Barb's Laundromat or fuel up at Shell gas station conveniently while accessing the Bitcoin ATM, making your errands more efficient.
Are there other ATMs near the Localcoin Bitcoin ATM at Barb's Laundromat?
Yes, The Exchange Network ATM and other ATMs are nearby, giving you more options for cash transactions if needed.