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.
Frequently Asked Questions About Localcoin Bitcoin ATM - Provi-Soir
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 offer?
Localcoin is Canada's largest cryptocurrency ATM network allowing customers to buy cryptocurrencies with cash at physical retail locations like convenience stores and gas stations.
How does a Bitcoin ATM work at Localcoin?
A Bitcoin ATM lets you buy cryptocurrencies using cash. You scan your wallet's QR code at the machine, insert cash, confirm the purchase, and receive Bitcoin or other coins in your wallet.
What cryptocurrencies can I purchase at this Localcoin Bitcoin ATM in Montreal?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at this ATM.
What are the hours of operation for the Localcoin Bitcoin ATM at 7724 Rue St-Hubert?
The ATM is open daily from 9:00 AM to 11:00 PM.
What payment methods are accepted at Localcoin Bitcoin ATM - Provi-Soir?
Only Canadian cash bills are accepted at the ATM. For other payment methods such as debit or credit cards, purchases can be made online via their website.
What is the minimum and maximum amount for purchasing Bitcoin at this ATM?
The minimum purchase is $20 CAD, and the maximum is $995 per transaction, with up to 5 transactions allowed per day.
Where is the Localcoin Bitcoin ATM - Provi-Soir located?
It is located at 7724 Rue St-Hubert, Montreal, QC, H2R 2N8, Canada.
What nearby places can I visit when I come to use the Localcoin Bitcoin ATM on Rue St-Hubert?
Nearby you can visit Boulangerie Gate Toi for bakery and coffee, Le Toasteur Villeray for breakfast and cafe options, and Monsieur Hotdog Plus if you're craving a quick meal after your visit.
How can nearby transit and services help me access the Localcoin Bitcoin ATM?
Nearby services like Octavmedias (home security) and Authentic Canada (travel services and tours) can assist if you're exploring the area, while local retail stores and eateries close by make your visit more convenient and enjoyable.
Are there personal care and retail shops near the Localcoin Bitcoin ATM for additional errands?
Yes, near the ATM you can find personal care salons like Barbier Mtl Barber and Coiffure Juliset, as well as retail shops like Camillette Bijoux Jewelry and Déjà vu thrift store for a variety of shopping needs.