At our Bitcoin ATM in Montreal you can buy Bitcoin and other popular cryptocurrency, such as Ethereum and Litecoin, with cash. With one of 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.
Was my first purchase, it was near by and very simple!
MM
mini Miss
Aug 25, 2023
4.0
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Frequently Asked Questions About Localcoin Bitcoin ATM - Dépanneur Mim Jim Express
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 where can I find its Bitcoin ATMs?
Localcoin is Canada's largest cryptocurrency ATM network that lets customers buy cryptocurrencies with cash at over 950 physical ATMs, mostly located in convenience stores and gas stations.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM at 200 Ave des Pins E, Montreal?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at this ATM.
How do I use the Localcoin Bitcoin ATM in Montreal?
To use the ATM, get a crypto wallet app like Trust Wallet or Coinbase Wallet, visit the ATM with your wallet's QR code, select your cryptocurrency, scan your wallet's QR code at the machine, insert Canadian cash bills, confirm your purchase, and your coins will be sent to your wallet address, typically within 10–30 minutes.
What are the purchase limits at Localcoin Bitcoin ATM?
The minimum purchase is $20 CAD, and the maximum is $995 per transaction with up to 5 transactions per day.
What payment methods does the Localcoin Bitcoin ATM accept?
The ATM accepts only Canadian cash bills. For debit or credit card payments, customers can purchase online through the Localcoin website.
What are the operating hours of the Localcoin Bitcoin ATM at Dépanneur Mim Jim Express in Montreal?
The ATM is open daily from 9:00 AM to 11:00 PM.
What is the address and contact number for the Localcoin Bitcoin ATM at Dépanneur Mim Jim Express?
The ATM is located at 200 Ave des Pins E, Montreal, QC H2W 1H9, Canada. You can reach them by phone at +1 877-412-2646.
Which convenience stores are near the Localcoin Bitcoin ATM in Montreal for quick snacks or supplies before or after your crypto purchase?
Nearby convenience stores include Dépanneur Mimjim Express and Depanneur Mimjim, where customers can easily grab snacks or essentials during their visit.
Are there any restaurants close to the Localcoin Bitcoin ATM where customers can relax after their transaction?
Yes, nearby restaurants include Patatos Bake, Laloux (a French restaurant), Sushi Tsuki, and Else's bar and pub, offering various dining options close to the ATM location.
What local landmarks or recreational spots are near the Localcoin Bitcoin ATM for customers who want to explore around 200 Ave des Pins E, Montreal?
Customers can visit Laval Park, a nearby park and historical landmark, or stop by Yoga Yuni for yoga and fitness activities near the ATM location.