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.
Frequently Asked Questions About Localcoin Bitcoin ATM - 777 Variety
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 Bitcoin ATM - 777 Variety?
Localcoin Bitcoin ATM - 777 Variety is a physical cryptocurrency ATM located in Toronto where customers can buy Bitcoin and other cryptocurrencies with cash.
Where is the Localcoin Bitcoin ATM - 777 Variety located?
It is located at 3095 Bathurst St, Toronto, ON, M6A 2A3, Canada.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the ATM.
How do I use the Bitcoin ATM at 777 Variety?
To use the ATM, get a crypto wallet app like Trust Wallet or Coinbase Wallet, visit the ATM with your wallet's QR code and cash, select your cryptocurrency, scan your wallet QR code, insert cash, and confirm the purchase. Bitcoins will be sent to your wallet usually within minutes.
What are the hours of operation for the Localcoin Bitcoin ATM at 777 Variety?
The ATM is open Monday to Friday from 8:30 AM to 9:30 PM, Saturday from 9:00 AM to 9:30 PM, and Sunday from 11:00 AM to 9:30 PM.
What payment methods are accepted at the Localcoin Bitcoin ATM?
The ATM accepts only Canadian cash bills for purchasing cryptocurrencies.
What are the purchase limits for Bitcoin at this ATM?
You can buy a minimum of $20 CAD and a maximum of $995 CAD per transaction, with up to 5 transactions allowed per day.
Are there any nearby places that can help me with additional financial services?
Yes, nearby you can find Western Union for currency exchange and Money Mart for financial services and installment loans, which may be useful if you need additional cash or services before using the Bitcoin ATM.
What nearby convenience or food options are available near the Localcoin ATM?
Nearby you can visit Subway for a quick meal after your transaction at the Bitcoin ATM.
Are there any nearby educational or legal service centers around the Bitcoin ATM location?
Yes, nearby you can find Link to Life Seminars for education and health services, Immigration Matters for legal services, and Dan Robert College of Health Care for educational programs.