At our Bitcoin ATM in Mont-Royal 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.
Frequently Asked Questions About Localcoin Bitcoin ATM - Le 255 Graham Depanneur
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, allowing customers to buy cryptocurrency with cash at over 950 physical ATMs, mainly located in convenience stores and gas stations.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM located at 255 Boulevard Graham?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at this Localcoin Bitcoin ATM.
How do I use the Bitcoin ATM at Le 255 Graham Depanneur?
To use the ATM, first get a Bitcoin wallet app like Trust Wallet or Coinbase Wallet. Then visit the ATM with your wallet's QR code and cash. At the machine, select your cryptocurrency, scan the QR code, insert cash, confirm the amount, and your crypto will be sent to your wallet shortly after.
What are the operating hours for the Localcoin Bitcoin ATM at 255 Boulevard Graham?
The ATM is open every day of the week from 8:30 AM to 10:30 PM.
What payment methods are accepted at this Localcoin Bitcoin ATM?
Only Canadian cash bills are accepted at the ATM. For other payment methods like debit or credit cards, you can purchase cryptocurrency online through the Localcoin website.
Are there any purchase limits when buying cryptocurrency from this ATM?
Yes, the minimum purchase is $20 CAD and the maximum is $995 per transaction. You can make up to 5 transactions per day.
Where is the Localcoin Bitcoin ATM - Le 255 Graham Depanneur located?
It is located at 255 Boulevard Graham, Mont-Royal, QC, Canada, postal code H3P 2C7.
Are there any convenience stores or gas stations near the Localcoin Bitcoin ATM for quick stops before or after using the ATM?
Yes, the ATM is near convenience stores and gas stations such as Marché Express - Convenience Store, Station-Service Shell, Shell convenience store, and Ultramar gas station with a car wash for your convenience.
Can I visit nearby restaurants or entertainment spots around the Localcoin Bitcoin ATM location?
Yes, you can find several nearby eating spots like Domino's Pizza, Dagwoods Sandwichs et Salades, and Dagwoods La Sandwicherie. Additionally, Gaia Park and Ville Mont Royal provide local parks and entertainment options nearby.
Are there professional services such as real estate agents or medical facilities around the Localcoin ATM at 255 Boulevard Graham?
Yes, nearby you can find multiple real estate agents like Vivianne Savard, P.A Real Estate, and Philippe Redding. Medical services are also nearby, including Medcare Vacances, Dr Rania Azzi, and Boutique Medicine providing health and pharmacy services.