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.
Details
Wheelchair accessible entranceAvailable
Location
Localcoin Bitcoin ATM - Cabbagetown Corner Convenience Store
Frequently Asked Questions About Localcoin Bitcoin ATM - Cabbagetown Corner Convenience Store
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 offer?
Localcoin is Canada’s largest cryptocurrency ATM network, allowing customers to buy cryptocurrencies like Bitcoin, Ethereum, and Litecoin with cash at over 950 retail locations, mainly convenience stores and gas stations.
How do I use the Localcoin Bitcoin ATM at 491 Parliament St?
Download a crypto wallet app such as Trust Wallet or Coinbase Wallet, bring your wallet’s QR code to the ATM, select your cryptocurrency, scan the QR code at the machine, insert cash, and confirm the purchase. Your cryptocurrency will then be sent to your wallet, usually instantly or within a short time.
What cryptocurrencies can I buy at the Localcoin ATM located in Cabbagetown Corner Convenience Store?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at this ATM.
What are the purchase limits at the Localcoin Bitcoin ATM?
The minimum amount you can buy is $20 CAD, and the maximum is $995 per transaction, with up to 5 transactions allowed per day.
What payment methods are accepted at the Localcoin Bitcoin ATM?
Only Canadian cash bills are accepted at the ATM. For other payment methods like debit or credit cards, purchases can be made online at localcoinatm.com.
What are the operating hours of the Localcoin Bitcoin ATM at 491 Parliament St?
The ATM operates daily from 8:00 AM to 10:00 PM Monday to Saturday, and from 8:00 AM to 9:00 PM on Sundays.
Is the Localcoin Bitcoin ATM at Cabbagetown Corner Convenience Store accessible to wheelchair users?
Yes, the ATM location has a wheelchair-accessible entrance.
What nearby places can I visit along with the Localcoin Bitcoin ATM at Cabbagetown Corner Convenience Store?
Nearby places of interest include Lennies Whole Foods for groceries and health supplements, Health Service Centre, and Esthetic Massage Program for wellness services.
Are there convenient banking options near the Localcoin Bitcoin ATM in Toronto?
Yes, several banks are nearby including TD Bank, TD Canada Trust Branch and ATM, and CIBC, which could be useful for additional financial services before or after using the Bitcoin ATM.
What dining options are close to the Localcoin Bitcoin ATM at 491 Parliament St?
Several restaurants are nearby such as Maya Bay Thai, Kanpai Snack Bar, Thai Room, and Johnny G’s, offering a variety of cuisines for a meal before or after your visit to the ATM.