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 - College Park - Gateway Newstands
Frequently Asked Questions About Localcoin Bitcoin ATM - College Park - Gateway Newstands
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 do they provide?
Localcoin is Canada’s largest cryptocurrency ATM network that enables customers to buy cryptocurrency with cash at physical ATMs, primarily located in convenience stores and gas stations.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM in Toronto?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the Localcoin Bitcoin ATM in Toronto.
How do I use the Localcoin Bitcoin ATM to purchase cryptocurrency?
To use the ATM, first get a Bitcoin wallet app like Trust Wallet or Coinbase Wallet, then visit the ATM with your wallet’s QR code and cash. Scan the QR code at the machine, insert cash, confirm your purchase and the cryptocurrency will be sent to your wallet address, usually within 10 to 30 minutes.
What are the operating hours of the Localcoin Bitcoin ATM at 444 Yonge St, Toronto?
The ATM operates Monday to Friday from 6:30 AM to 8:30 PM, Saturday from 9:00 AM to 7:00 PM, and Sunday from 10:00 AM to 6:00 PM.
Are there any accessibility features at the Localcoin Bitcoin ATM location?
Yes, the location has a wheelchair accessible entrance and wheelchair accessible parking available.
What payment methods are accepted at the Localcoin Bitcoin ATM?
Only Canadian cash bills are accepted at the ATM. Other payment methods like debit or credit cards can be used when purchasing online through their website.
What limits apply to purchasing Bitcoin at the Localcoin Bitcoin ATM?
The minimum purchase is $20 CAD and the maximum is $995 per transaction, up to 5 transactions per day.
How can nearby places like Metro College Park or College Park shopping center be helpful when visiting Localcoin Bitcoin ATM?
Metro College Park and College Park shopping center are nearby landmarks that can help you find the Localcoin Bitcoin ATM easily. You can also shop or eat at these places before or after your visit to the ATM.
Are there dining options near the Localcoin Bitcoin ATM where I can grab a meal or coffee?
Yes, nearby dining options include Taste of Mediterranean, Pita lite, Starbucks, Royal FruiTea, Bento Sushi, and KFC, providing varied choices for meals or refreshments when visiting the ATM area.
Can I access other services such as fitness or salons near the Localcoin Bitcoin ATM?
Yes, nearby services include Planet Fitness gyms for workouts, and La Main D'Or Hair Salon and Glamour By Gaby for beauty services, making it convenient to combine your visit to the ATM with other activities.