At our Bitcoin ATM in Welland 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, allowing customers to buy cryptocurrency with cash at over 950 physical ATMs primarily located in convenience stores and gas stations.
How does a Bitcoin ATM work and how can I use one?
A Bitcoin ATM lets you buy Bitcoin and other cryptocurrencies using cash. To use it, you need a crypto wallet, visit the ATM, scan your wallet's QR code, insert cash, and confirm the purchase to receive cryptocurrency in your wallet.
Which cryptocurrencies can I buy at the Localcoin Bitcoin ATM in Welland?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the Localcoin Bitcoin ATM in Welland.
What are the operating hours for the Localcoin Bitcoin ATM at Avondale Food Stores?
The ATM operates Monday to Friday from 6:00 AM to 10:00 PM, and on weekends from 7:00 AM to 10:00 PM.
What payment methods are accepted at the Localcoin Bitcoin ATM?
The ATM accepts only Canadian cash bills. For debit or credit card payments, customers can purchase cryptocurrency through the Localcoin website.
What are the Bitcoin purchase limits at the Localcoin ATM?
You can buy a minimum of $20 CAD and a maximum of $995 CAD per transaction, with up to five transactions allowed per day.
Is the Localcoin Bitcoin ATM at Avondale Food Stores accessible for customers with disabilities?
Yes, the location has both wheelchair accessible entrances and parking.
What nearby dining options are available around the Localcoin Bitcoin ATM at Avondale Food Stores?
Nearby dining options include Talent 2 Design bakery and restaurant, Four Seasons Bakery, Sweet House cupcake shop, Patty Boss fast food restaurant, and Welland Cafe coffee shop, perfect for grabbing a bite before or after using the ATM.
Are there other financial services close to the Localcoin Bitcoin ATM in Welland?
Yes, nearby financial services include Scotiabank ATM, Derly Valencia CPA accounting services, Seaway Financial Solutions Group, Chris Wilmans Insurance & Investments Inc., and Scott Williams - Sun Life Financial advisor.
What local businesses near the Localcoin Bitcoin ATM offer personal care services?
Nearby personal care options include Ah Line Up barber and beauty spa, Mirrors Hair Salon, Timeless Spa, Sleepy Hollow Studios tattoo and bridal shop, and Unique-Trez Beauty Lounge beauty salon.