Bitcoin ATM located in Beachside Variety. 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 - Beachside 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 and what services does it provide?
Localcoin is Canada's largest cryptocurrency ATM network, offering customers the ability to buy cryptocurrencies with cash at physical locations like convenience stores and gas stations, including this Bitcoin ATM at Beachside Variety in Toronto.
How can I use the Localcoin Bitcoin ATM at Beachside Variety?
First, get a Bitcoin wallet app such as Trust Wallet, Exodus, or Coinbase Wallet. Then visit the ATM, scan your wallet's QR code, insert cash, and confirm your purchase. Bitcoins will be sent to your wallet usually within 10–30 minutes.
What cryptocurrencies can I purchase at this Localcoin ATM?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at this ATM.
What are the operating hours of the Localcoin Bitcoin ATM at Beachside Variety?
The ATM is open Monday to Friday from 9:00 AM to 9:00 PM, Saturday from 2:30 PM to 9:00 PM, and Sunday from 12:00 PM to 9:00 PM.
What payment methods are accepted at this Bitcoin ATM?
The ATM only accepts Canadian cash bills. Debit or credit card purchases can be made online through the Localcoin website.
Is the Localcoin Bitcoin ATM at Beachside Variety wheelchair accessible?
Yes, the ATM has a wheelchair accessible entrance.
What are the Bitcoin purchase limits at the Localcoin Bitcoin ATM?
You can buy a minimum of $20 CAD and a maximum of $995 per transaction, with up to 5 transactions allowed per day.
What nearby amenities can I visit before or after using the Localcoin Bitcoin ATM at Beachside Variety?
Nearby you can visit Toronto Locksmith Pros for locksmith services, Velvet Beauty Toronto or Rainbow Nails for beauty treatments, and Delina Restaurant for Mediterranean dining.
Are there any convenient food options near the Localcoin Bitcoin ATM - Beachside Variety?
Yes, near the ATM you will find Pizza Pizza for quick pizza and delivery, Jugo Juice for smoothies, and Coffee Time café for coffee and snacks.
What transportation or parking options are available near the Localcoin Bitcoin ATM at Beachside Variety?
Green P Parking is nearby for convenient vehicle parking, and the location is accessible via local transit options in Toronto Beaches area, helping customers reach the ATM easily.