Bitcoin ATM located in 7 Days Mini Mart. 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 - 7 Days Mini Mart
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?
Localcoin is Canada’s largest cryptocurrency ATM network enabling customers to buy cryptocurrency with cash at over 950 ATMs primarily in convenience stores and gas stations.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM - 7 Days Mini Mart?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at this ATM.
How do I use the Bitcoin ATM at 7 Days Mini Mart?
Get a crypto wallet (like Trust Wallet or Coinbase Wallet), visit the ATM with your wallet's QR code and cash, select your cryptocurrency, scan your QR code at the ATM, insert cash, confirm your purchase, and wait for the transaction to complete, which usually takes 10-30 minutes.
What are the ATM's operating hours at 7 Days Mini Mart?
The ATM is available Monday to Friday from 10:00 to 19:00, Saturday from 10:00 to 18:00, and Sunday from 10:00 to 17:00.
What payment methods does the Localcoin Bitcoin ATM accept?
The ATM accepts Canadian cash bills only for purchasing cryptocurrency.
Where is the Localcoin Bitcoin ATM - 7 Days Mini Mart located?
It is located at 465 Phillip St #3, Waterloo, Ontario, N2L 6C7, Canada, inside the 7 Days Mini Mart.
Is there wheelchair accessible parking at Localcoin Bitcoin ATM - 7 Days Mini Mart?
Yes, the location has wheelchair accessible parking available.
What nearby places can I visit near Localcoin Bitcoin ATM at 7 Days Mini Mart?
Nearby you can visit Better Beginnings Waterloo, Adventure4Change community centers, and enjoy local dining at The Cactus Mexican Restaurant or California Nails & Spa for relaxation.
Are there dining options near the Localcoin Bitcoin ATM in Waterloo?
Yes, nearby dining includes The Cactus (Mexican), Kohinoor and Koh-I-Noor (Indian), Phillip's Shawarma (Middle Eastern), Ming's Chinese Restaurant, and Little Caesars Pizza.
How can nearby places assist customers visiting Localcoin Bitcoin ATM at 7 Days Mini Mart?
Customers can combine their visit with nearby services such as stopping by Northfield Pharmacy for prescriptions, getting a spa treatment at California Nails & Spa, or grabbing a coffee at Tim Hortons before or after using the ATM.