Bitcoin ATM located in Lucky Convenience. 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 - Smokeysway
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 do they provide at the Smokeysway location?
Localcoin operates Canada's largest cryptocurrency ATM network, allowing customers to buy cryptocurrencies with cash at physical ATMs located at retail locations like convenience stores and gas stations, including the Smokeysway location.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM - Smokeysway?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the Localcoin Bitcoin ATM located at Smokeysway.
How do I use the Bitcoin ATM at 19 Sawdon Drive to purchase cryptocurrency?
To use the Bitcoin ATM, first download a crypto wallet app like Trust Wallet or Coinbase Wallet. Then visit the ATM, scan your wallet's QR code, insert Canadian cash bills, confirm the amount, and your cryptocurrency will be sent to your wallet within minutes.
What are the operating hours of the Localcoin Bitcoin ATM in Whitby?
The ATM is open Monday to Friday from 7:00 AM to 10:00 PM, Saturday from 8:00 AM to 10:00 PM, and Sunday from 8:00 AM to 9:00 PM local time.
What payment methods are accepted at the Localcoin Bitcoin ATM at Smokeysway?
Only Canadian cash bills are accepted at the ATM. Other payment methods can be used for online purchases through Localcoin's website.
Are there any accessibility features at the Localcoin Bitcoin ATM - Smokeysway location?
Yes, the location has wheelchair accessible parking available for customers.
Can you tell me about nearby attractions to Localcoin Bitcoin ATM that I can visit before or after using the ATM?
Nearby you can visit Kirby Park for outdoor activities or check out Craigs Bar and Judges Beach Front Tiki Bar for dining and drinks after your visit to the ATM.
How can the nearby Hayden Shore Whitby train station help me access the Localcoin Bitcoin ATM - Smokeysway?
Hayden Shore Whitby train station is close to the ATM's location, making it convenient to reach the Localcoin Bitcoin ATM by public transit if you are traveling through Whitby.
Are there any nearby services to assist with technology or digital payments near the Localcoin Bitcoin ATM?
Yes, Mr Tecky offers IT service and computer repair nearby, which might help if you need assistance with your cryptocurrency wallet apps or devices while visiting the area.
What limits are imposed on buying Bitcoin at Localcoin Bitcoin ATM in Whitby?
The minimum purchase amount is $20 CAD and the maximum is $995 per transaction, with a maximum of 5 transactions allowed per day.