Business Details
About
ATMCryptocurrency ATM
Bitcoin ATM located in Cedarbrae Mall. 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
Location
Localcoin Bitcoin ATM (Buy & Sell) - Cedarbrae Mall
3495 Lawrence Avenue East, Toronto, ON
M1H 1B2, Canada
Hours
Frequently Asked Questions About Localcoin Bitcoin ATM (Buy & Sell) - Cedarbrae Mall
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 Trust Wallet and Blue Wallet.
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 that allows customers to buy cryptocurrencies with cash at over 950 physical ATM locations primarily in convenience stores and gas stations.
Where is the Localcoin Bitcoin ATM in Cedarbrae Mall located?
It is located at 3495 Lawrence Avenue East, Toronto, ON M1H 1B2, inside Cedarbrae Mall.
What cryptocurrencies can I purchase at the Localcoin Bitcoin ATM?
You can purchase Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the ATM.
How do I use the Bitcoin ATM to buy cryptocurrency?
First, get a crypto wallet like Trust Wallet or Coinbase Wallet. Then visit the ATM with your wallet’s address or QR code and cash. At the machine, select your cryptocurrency, scan your wallet QR code, insert cash, confirm the transaction, and receive your coins usually within minutes.
What are the purchase limits when using the Localcoin Bitcoin ATM?
The minimum purchase amount is $20 CAD and the maximum is $995 per transaction, with up to 5 transactions allowed per day.
What payment methods can I use at the Localcoin Bitcoin ATM?
Only Canadian cash bills are accepted at the ATM. For debit or credit card purchases, customers can buy cryptocurrency online at the Localcoin website.
What are the operating hours of the Localcoin Bitcoin ATM at Cedarbrae Mall?
The ATM operates Monday to Friday from 10:00 AM to 9:00 PM, Saturday from 9:30 AM to 6:00 PM, and Sunday from 12:00 PM to 5:00 PM.
Are there banks or financial services near the Localcoin Bitcoin ATM?
Yes, BMO Bank of Montreal is nearby and offers banking and ATM services, which may be convenient for customers needing traditional financial services before or after using the Bitcoin ATM.
What shopping options are available near the Localcoin Bitcoin ATM at Cedarbrae Mall?
Cedarbrae Mall itself is a nearby shopping center offering a variety of retail stores like Jays Jewellery, Dollarama, and Miniso Canada, allowing customers to combine their visit for shopping and cryptocurrency needs.
What nearby amenities can customers enjoy before or after using the Bitcoin ATM?
Customers can visit nearby places like Tim Hortons for coffee, Jenny Diamond Nails & Spa for beauty services, and Healthy Planet for health foods and supplements, enhancing their overall experience around the Bitcoin ATM location.