Business Details
About
ATM
Bitcoin ATM located in Little Short Stop. 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
Location
Localcoin Bitcoin ATM - Little Short Stop
373 Bridge St W, Waterloo, ON
N2K 3K3, Canada
Hours
Frequently Asked Questions About Localcoin Bitcoin ATM - Little Short Stop
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 Bitcoin ATM - Little Short Stop?
It is a Bitcoin ATM located inside Little Short Stop at 373 Bridge St W, Waterloo, ON, where you can buy Bitcoin and other popular cryptocurrencies with cash.
What are the operating hours of the Localcoin Bitcoin ATM at Little Short Stop?
The ATM is open daily from 6:00 AM to 11:00 PM.
How do I use the Bitcoin ATM at Little Short Stop?
You need a cryptocurrency wallet app such as Trust Wallet, Exodus, or Coinbase Wallet. At the ATM, scan your wallet's QR code, insert Canadian cash, confirm the purchase, and the Bitcoin will be sent to your wallet.
What cryptocurrencies can I buy at Localcoin Bitcoin ATM in Little Short Stop?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the ATM.
What are the purchase limits for Bitcoin at this ATM?
You can buy a minimum of $20 CAD and a maximum of $995 CAD per transaction, with up to 5 transactions allowed per day.
What payment methods does Localcoin Bitcoin ATM accept at Little Short Stop?
Only Canadian cash bills are accepted at the ATM. For other payment methods like debit or credit cards, you can purchase online on their website.
Is the Localcoin Bitcoin ATM at Little Short Stop wheelchair accessible?
Yes, the location has wheelchair accessible parking.
Are there any nearby transit or attractions to visit when coming to the Localcoin Bitcoin ATM at Little Short Stop?
Nearby attractions include Dunvegan Park, Lexington Park, and Sandowne Park, which you can visit before or after using the ATM.
What are some nearby dining options around the Localcoin Bitcoin ATM in Little Short Stop?
Nearby restaurants include Chill Bar and Grill, Little Caesars Pizza, Indian Spice, Double Taste Shawarma, and The Chill pub.
Are there convenient stores or other essential services near the Localcoin Bitcoin ATM at Little Short Stop?
Yes, you can find Little Short Stop convenience store (where the ATM is located), Shell gas station, Total Health Pharmacy, and I C Flowers gift shop nearby.