At our Bitcoin ATM in Woodbridge 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.
Location
Localcoin Bitcoin ATM (Buy & Sell) - News West Convenience
Frequently Asked Questions About Localcoin Bitcoin ATM (Buy & Sell) - News West Convenience
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, offering customers the ability to buy cryptocurrency with cash at over 950 physical ATMs primarily located in convenience stores and gas stations.
Which cryptocurrencies can I buy at the Localcoin Bitcoin ATM in Woodbridge?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the Localcoin Bitcoin ATM in Woodbridge.
How do I use the Bitcoin ATM at Localcoin in Woodbridge?
To use the Bitcoin ATM, get a Bitcoin wallet app like Trust Wallet or Coinbase Wallet, visit the Localcoin ATM with your wallet's QR code and cash, scan the QR code at the machine, insert your cash, confirm the purchase including service fees, and receive your Bitcoins in your wallet within minutes to hours.
What are the purchasing 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 at the Localcoin Bitcoin ATM.
What payment methods are accepted at the Localcoin Bitcoin ATM in Woodbridge?
The ATM only accepts Canadian cash bills for purchasing cryptocurrency. Other payment methods like debit or credit cards are accepted for online purchases on the Localcoin website.
What are the operating hours of the Localcoin Bitcoin ATM located at 3603 Langstaff Rd, Woodbridge?
The ATM operates Monday to Friday from 7:00 AM to 8:30 PM, Saturday from 8:30 AM to 8:00 PM, and Sunday from 9:30 AM to 5:00 PM.
Does the Localcoin Bitcoin ATM at News West Convenience offer wheelchair accessible parking?
Yes, the location offers wheelchair accessible parking for customers.
Are there any nearby restaurants where I can dine before or after using the Localcoin Bitcoin ATM?
Yes, nearby restaurants include Aura Restaurant & Supper Club, Greek Brothers, Est 2020 Restaurant and Lounge, Tigo Trattoria Woodbridge, and Pizza Nova where you can enjoy a meal before or after your visit.
What nearby real estate services are close to the Localcoin Bitcoin ATM in Woodbridge?
Nearby real estate services include Vaughan Real Estate with Fiore, Homelife Royalcorp Real E, Lucy Robinson Real Estate, Oksana Danylych Real Estate Broker, and Re/Max Noblecorp Real Estate among others, which can be useful if you're exploring local property opportunities.
What other local amenities are near the Localcoin Bitcoin ATM that might interest a visitor?
Visitors might consider visiting nearby amenities like Swing Space Golf for recreational activities, Salon M Inc for beauty services, or Dogpolitan Daycare and Grooming for pet services while in the area.