At our Bitcoin ATM in Saint-Hyacinthe 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 - Petro-Canada
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 that allows customers to buy cryptocurrency with cash at over 950 physical ATMs located primarily in convenience stores and gas stations.
How can I use the Localcoin Bitcoin ATM at Petro-Canada in Saint-Hyacinthe?
To use the ATM, get a crypto wallet such as Trust Wallet or Coinbase Wallet, visit the Localcoin ATM, scan your wallet's QR code, insert Canadian cash (minimum $20 CAD, maximum $995 per transaction), confirm the amount, and your crypto will be sent to your wallet address.
What cryptocurrencies can I buy at this Localcoin Bitcoin ATM?
You can purchase Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the ATM.
What are the operating hours of the Localcoin Bitcoin ATM at 16930 Avenue Saint-Louis, Saint-Hyacinthe?
The ATM is open daily from 6:00 AM to 11:00 PM.
Does the Localcoin Bitcoin ATM at Petro-Canada accept payment methods other than cash?
No, only Canadian cash bills are accepted. For other payment methods like debit or credit cards, you can purchase cryptocurrency online at localcoinatm.com.
Is the Localcoin Bitcoin ATM at Petro-Canada accessible?
Yes, the location has wheelchair accessible entrance and parking.
Can I visit nearby places like Tim Hortons or Crèmerie St-Louis when using the Localcoin Bitcoin ATM?
Yes, Tim Hortons and Crèmerie St-Louis are nearby and convenient for grabbing coffee or a snack before or after your transaction at the ATM.
How can the nearby convenience stores like Couche-Tard and Circle K help when visiting the Localcoin ATM?
Couche-Tard and Circle K offer additional convenience store services nearby where you can purchase snacks, drinks, or other essentials while visiting the Localcoin Bitcoin ATM.
Are there other financial services near the Localcoin Bitcoin ATM at Petro-Canada?
Yes, there is a Scotiabank ATM nearby for traditional banking needs and pharmacies like Jean Coutu for health-related shopping.
Where can I learn more or get support for the Localcoin Bitcoin ATM in Saint-Hyacinthe?
You can visit their website at localcoinatm.com or their Facebook page at https://www.facebook.com/LocalcoinATM for more info and support.