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.
For first-timer* Watch out for sticker over the QR reader of @Localcoin ATM. Apparently not the first time they had a problem. Had to point it out. Reason: i can't get my money back.
Frequently Asked Questions About Localcoin Bitcoin ATM - Depanneur Trenmore
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, allowing customers to buy cryptocurrency with cash at over 950 physical ATMs, primarily located in convenience stores and gas stations.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM in Verdun?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the Localcoin Bitcoin ATM located in Verdun.
What are the operating hours for the Localcoin Bitcoin ATM at 5601 Avenue Bannantyne, Verdun?
The Localcoin Bitcoin ATM is open daily from 7:00 AM to 11:00 PM, Monday through Sunday.
How do I use the Bitcoin ATM to purchase cryptocurrency?
First, download a Bitcoin wallet like Trust Wallet, Exodus, or Coinbase Wallet. Bring your wallet's QR code and cash to the ATM. At the machine, select your cryptocurrency, scan your wallet's QR code, insert cash, and confirm the purchase. The Bitcoin will then be sent to your wallet address, usually within 10-30 minutes.
What are the payment methods accepted at the Localcoin Bitcoin ATM?
The ATM accepts Canadian cash bills only. For other payment options like debit or credit cards, purchases can be made online via the Localcoin website.
What are the purchase limits at the Localcoin Bitcoin ATM in Verdun?
You can buy a minimum of $20 CAD and a maximum of $995 CAD per transaction, with up to 5 transactions allowed per day.
Can I use nearby services like the UPS Access Point when visiting the Localcoin Bitcoin ATM?
Yes, the UPS Access Point location nearby allows convenient shipping and courier services, which can be helpful if you need to send or receive packages while visiting the Localcoin Bitcoin ATM.
What convenience stores are near the Localcoin Bitcoin ATM to pick up essentials?
Depanneur Variete Trenmore is a nearby convenience and grocery store where you can buy snacks and everyday items before or after using the Localcoin Bitcoin ATM.
Are there beauty salons near the Localcoin Bitcoin ATM for additional services?
Yes, there are several nearby beauty salons such as Salon Miron, African Beauty SALON, and Salon Anna Haute Coiffure where you can enjoy hair or nail care services.
How can I contact the Localcoin Bitcoin ATM at Depanneur Trenmore for more information?
You can call the main phone number at +1 877-412-2646 or visit their website for more details and assistance.