Bitcoin ATM located in Cards 'N Such. 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 - Cards 'N Such
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 that enables customers to buy cryptocurrency with cash at over 950 physical ATMs primarily located in convenience stores and gas stations.
What is a Bitcoin ATM and how does it work at Localcoin?
A Bitcoin ATM allows users to buy Bitcoin and other cryptocurrencies using cash. At Localcoin ATMs, you can insert Canadian cash bills and receive cryptocurrency in your digital wallet instantly or shortly after the transaction.
How do I use the Localcoin Bitcoin ATM at Cards 'N Such?
First, get a crypto wallet app like Trust Wallet or Coinbase Wallet. Then, visit the Localcoin Bitcoin ATM at Cards 'N Such with your wallet QR code and cash. Scan your wallet's QR code on the machine, insert cash, confirm the amount, and the cryptocurrency will be sent to your wallet.
What types of cryptocurrencies can I buy at the Localcoin ATM at 2336 Bloor St. W?
You can purchase Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the Localcoin ATM located in Cards 'N Such.
What are the operating hours of the Localcoin Bitcoin ATM at Cards 'N Such?
The ATM is open Monday to Friday from 09:30 to 19:00, Saturday from 09:30 to 18:00, and Sunday from 12:00 to 17:00.
What payment methods are accepted at the Localcoin Bitcoin ATM?
The ATM only accepts Canadian cash bills. For other payment methods like debit or credit cards, you can purchase cryptocurrency online via Localcoin’s website.
Is the Localcoin Bitcoin ATM at Cards 'N Such wheelchair accessible?
Yes, the ATM location has both wheelchair accessible entrance and parking available for customers.
Where is the Localcoin Bitcoin ATM located and what nearby businesses can customers visit?
The ATM is located at 2336 Bloor St. W, Toronto, inside Cards 'N Such. Nearby places include Second Cup for coffee, Chocolato for chocolates, and Book City for books, allowing customers to enjoy local shops before or after using the ATM.
How can nearby transit or local venues help me when visiting the Localcoin Bitcoin ATM?
Local venues like Suitcase Theatre and Bee Video Production nearby provide landmarks to help find the ATM easily. Additionally, nearby BMO Bank of Montreal branches and supermarkets like Carload Food Market can be convenient stops during your visit.
Can I combine a visit to the Localcoin Bitcoin ATM with other activities nearby?
Yes, after using the ATM, you can visit nearby places such as Retrofit Pilates for a workout, Glam Nails and Spa for beauty services, or enjoy treats at Cakesmith bakery to make the most out of your outing.