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.
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 allows customers to buy cryptocurrency with cash at over 950 physical ATMs located primarily in convenience stores and gas stations.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM - Milk & Variety?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the ATM.
How do I use the Bitcoin ATM at Localcoin Bitcoin ATM - Milk & Variety?
To use the Bitcoin ATM, get a crypto wallet app like Trust Wallet or Coinbase Wallet, visit the ATM with your wallet QR code, select your cryptocurrency, scan your wallet’s QR code, insert Canadian cash, confirm your purchase, and receive your cryptocurrency in your wallet.
What are the operating hours of the Localcoin Bitcoin ATM - Milk & Variety?
The ATM operates Monday to Friday from 8:00 AM to 10:00 PM, and Saturday to Sunday from 9:00 AM to 10:00 PM, Toronto time.
Where is the Localcoin Bitcoin ATM - Milk & Variety located?
The ATM is located at 774 St Clair Ave W, Toronto, ON, M6C 1B6, Canada.
What are the payment methods accepted at the Localcoin Bitcoin ATM?
The ATM accepts Canadian cash bills exclusively. For other payment methods like debit or credit cards, purchases can be made online at localcoinatm.com.
Are there limits on how much Bitcoin I can purchase at once?
Yes, the minimum purchase amount is $20 CAD, and the maximum is $995 per transaction, with up to five transactions allowed per day.
How can nearby locations help me when visiting the Localcoin Bitcoin ATM - Milk & Variety?
Nearby places like the Arlington Super Variety and Wu & Zheng Co convenience stores can be useful for additional shopping or refreshments when visiting the ATM, making it convenient to combine errands in one trip.
Are there food or beverage options near the Localcoin Bitcoin ATM - Milk & Variety?
Yes, nearby restaurants and cafes such as Pukka (an Indian restaurant and bar), Zaza Espresso Bar (coffee shop and Italian restaurant), and Ferro Bar & Cafe offer various dining options before or after using the ATM.
Can I visit other interesting shops or services close to the Localcoin Bitcoin ATM - Milk & Variety?
Yes, nearby you can find Bloom Bar Studio for flowers and gifts, Shendah’s on St. Clair for fashion accessories, and the St. Clair Veterinary Facilities if you need pet services, providing a variety of convenient options.