Our Localcoin Bitcoin ATM is located inside the Yes Food Fair Convenience Store with parking available. You'll find our ATM placed next to the Ontario Lottery Kiosk just right of the front entrance as you walk into the store.
Localcoin is a Canadian company. Our mission is to provide a fast, simple and secure way to buy Bitcoin, Ethereum, Litecoin, Dogecoin and other popular cryptocurrencies with cash. Our transactions are instant with low fees.
Details
Wheelchair accessible entranceAvailable
Location
Localcoin Bitcoin ATM - Yes Food Fair Convenience Store
Frequently Asked Questions About Localcoin Bitcoin ATM - Yes Food Fair 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 provide?
Localcoin is Canada's largest cryptocurrency ATM network allowing customers to buy cryptocurrencies with cash at over 950 physical ATMs located mainly in convenience stores and gas stations.
Where is the Localcoin Bitcoin ATM located at Yes Food Fair Convenience Store?
The Localcoin Bitcoin ATM is located inside the Yes Food Fair Convenience Store at 1940 Gerrard St E, Toronto, ON M4L 2C1, right next to the Ontario Lottery Kiosk near the front entrance.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the Localcoin Bitcoin ATM.
What are the operating hours of the Localcoin Bitcoin ATM at Yes Food Fair?
The ATM is open daily from 10:00 AM to 9:30 PM.
What payment methods are accepted at the Localcoin Bitcoin ATM?
The ATM accepts only Canadian cash bills for purchasing cryptocurrency.
What are the purchase limits for buying Bitcoin at this ATM?
The minimum purchase amount is $20 CAD and the maximum is $995 CAD per transaction, with up to five transactions allowed per day.
How do I use the Bitcoin ATM to buy cryptocurrency?
You need a crypto wallet app, then visit the ATM with your wallet's QR code and cash, scan the QR code at the machine, insert cash, confirm the amount, and your cryptocurrency will be sent to your wallet usually within minutes.
Are there nearby places where I can grab a coffee or food after using the ATM?
Yes, you can visit Morning Parade Coffee Bar for coffee, Zante Greek Bistro for Mediterranean food, or Blue River Pizza and More for pizza and bubble tea, all close to the ATM location.
What other local amenities are close to the Localcoin Bitcoin ATM that customers might find useful?
Nearby amenities include Ruby Tuesdays karaoke bar, Diamond Dental Gerrard for dental care, and Woodbine Laundromat if you need laundry services.
Can the Localcoin Bitcoin ATM location be accessed by people with mobility issues?
Yes, the location has a wheelchair accessible entrance for customers.