Localcoin Bitcoin ATM - Chelsea Hotel - Gateway Newstands

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.

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.

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.

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.

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

We sell Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at our ATMs.

Localcoin is Canada's largest cryptocurrency ATM network where you can buy cryptocurrency with cash at physical locations like convenience stores and gas stations.

You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the ATM.

Download a crypto wallet like Trust Wallet or Coinbase Wallet, visit the ATM with your wallet's QR code and cash, scan the QR code at the machine, insert cash, and confirm your purchase. Bitcoins are typically sent instantly but may take up to a couple of hours.

The ATM is open Monday to Friday from 8:00 AM to 10:00 PM, Saturdays from 9:00 AM to 9:00 PM, and Sundays from 10:00 AM to 8:00 PM.

The ATM only accepts Canadian cash bills. For debit or credit card purchases, you can buy online at localcoinatm.com.

Yes, the location has wheelchair-accessible entrances and parking to accommodate users with disabilities.

It is located at 33 Gerrard St W, Toronto, ON M5G 1Z4, inside the Chelsea Hotel Gateway Newstands area.

The ATM is inside the Chelsea Hotel and is also close to Piccadilly Place Delta Chelsea and CHELSEA Hotel, making it convenient for hotel guests to access cryptocurrency services.

Yes, nearby dining options include Market Garden, Bb33 Bistro and Brasserie, Terrace Restaurant, Osmow's, and Vegholic for various cuisines and atmospheres before or after your ATM visit.

Nearby cultural spots include the Royal Ontario Museum and the History of Theater on Yonge Street mural. You can visit these attractions before or after using the ATM for an enriching experience in Toronto.