At our Bitcoin ATM in Saskatoon 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.
Details
Wheelchair accessible entranceAvailable
Location
Localcoin Bitcoin ATM (Buy & Sell) - Sayvings Mart Dollar Store
Frequently Asked Questions About Localcoin Bitcoin ATM (Buy & Sell) - Sayvings Mart Dollar Store
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, offering 950+ ATMs across retail locations such as convenience stores and gas stations where customers can buy cryptocurrency with cash.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM in Saskatoon?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at our ATMs.
How do I use a Bitcoin ATM like Localcoin's?
First, get a crypto wallet app like Trust Wallet, Exodus or Coinbase Wallet, then visit a Localcoin ATM with your wallet’s QR code and cash. Scan the QR code at the machine, insert cash, confirm the purchase and receive your cryptocurrency, usually within 10-30 minutes.
What are the purchase limits at the Localcoin Bitcoin ATM?
The minimum purchase is $20 CAD and the maximum is $995 per transaction, with up to 5 transactions allowed per day.
What payment methods are accepted at the Localcoin Bitcoin ATM?
Only Canadian cash bills are accepted at the ATM. For debit or credit card payments, purchases can be made online via the Localcoin website.
What are the opening hours of the Localcoin Bitcoin ATM at Sayvings Mart Dollar Store in Saskatoon?
The ATM is open Monday to Friday from 8:30 AM to 7:00 PM, Saturdays from 10:00 AM to 5:00 PM, and Sundays from 12:00 PM to 5:00 PM.
Is the Localcoin Bitcoin ATM at Sayvings Mart Dollar Store wheelchair accessible?
Yes, it has a wheelchair accessible entrance and parking.
What nearby food options are available for customers visiting the Localcoin Bitcoin ATM?
Customers can visit nearby places like Pita Pit for sandwiches, The Purrfect Cup Cat Cafe, Saskatoon Asian Restaurant, Jamaica Food Basket, and Stacked Burger Bar for various dining options.
Are there any nearby shopping spots customers might explore when visiting the Localcoin Bitcoin ATM?
Yes, nearby shopping includes Sayvings Mart Halloween Mart for costumes, Amos & Andes Imports and The Store For Men Caswells for clothing, Dollarehofficial for discount and party supplies, and Klassique Designs for women's clothing.
What interesting nearby places can enhance a visit to the Localcoin Bitcoin ATM?
Customers might enjoy visiting the North American School of Natural Health for spa services, the Hutchinson Building which is a local landmark and venue, or relax at Tropix Bar & Lounge and The Rook & Raven Pub after using the ATM.