At our Bitcoin ATM in Montreal 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 - Dépanneur 2000
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 offer?
Localcoin is Canada’s largest cryptocurrency ATM network, allowing customers to buy various cryptocurrencies with cash at physical ATM locations, mainly in convenience stores and gas stations.
How does a Bitcoin ATM work and how do I use it at Localcoin?
A Bitcoin ATM lets users buy cryptocurrencies like Bitcoin, Ethereum, and Litecoin with cash. To use it, you need a crypto wallet, visit the ATM, scan your wallet's QR code, insert cash, and confirm your purchase; the cryptocurrency is then sent to your wallet.
What are the purchase limits for cryptocurrencies at this Localcoin ATM?
You can purchase between $20 CAD minimum and $995 CAD maximum per transaction, with a maximum of 5 transactions allowed per day.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM - Dépanneur 2000?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at this ATM.
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 cryptocurrencies online through their website.
What are the opening hours for the Localcoin Bitcoin ATM at 2000 Rue Saint-Marc?
The ATM is open daily from 11:00 AM to 11:00 PM.
Where is the Localcoin Bitcoin ATM - Dépanneur 2000 located?
It is located at 2000 Rue Saint-Marc, Montreal, QC, postal code H3H 2R9, Canada.
Which nearby places can I visit if I want to get a haircut or beauty service near the Localcoin Bitcoin ATM?
You can visit Soli’s Barbershop for haircuts, and Salon Soli for nail and beauty salon services nearby.
Are there restaurants near the Localcoin Bitcoin ATM where I can eat before or after using the ATM?
Yes, nearby dining options include Roi Du Wonton for Taiwanese and Asian cuisine, Restaurant Meilleur Choix, and GaNaDaRa, which serves Korean food, as well as Restaurant JaKo offering Korean and Japanese dishes.
What community services or organizations are located near the Localcoin Bitcoin ATM at Dépanneur 2000?
Nearby community and social service organizations include the Afghan Women’s Centre of Montreal, Knights of Columbus Montreal Council No 284, English Speaking Catholic Council, and the Association for the Defense of People and Property under Public Curatorship.