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.
Frequently Asked Questions About Localcoin Bitcoin ATM - Greg's Grocery Plus
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 services does the Localcoin Bitcoin ATM at Greg's Grocery Plus offer?
It allows customers to buy Bitcoin and other popular cryptocurrencies like Ethereum and Litecoin with cash through a physical ATM located inside Greg's Grocery Plus in Saskatoon.
How can I use the Bitcoin ATM to purchase cryptocurrency?
First, get a crypto wallet app like Trust Wallet or Coinbase Wallet. Then visit the ATM with your wallet's QR code and cash, select your desired cryptocurrency on the touchscreen, scan your wallet's QR code, insert cash, and confirm the purchase. The bought cryptocurrency will be sent to your wallet address, usually instantly or within a few hours.
What cryptocurrencies are available at this Localcoin Bitcoin ATM?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at this ATM.
What are the operating hours for the Localcoin Bitcoin ATM at Greg's Grocery Plus?
The ATM is open Monday to Thursday from 5:30 AM to 9:30 PM, Friday from 5:30 AM to 10:00 PM, Saturday from 7:00 AM to 10:00 PM, and Sunday from 7:00 AM to 9:30 PM.
What is the minimum and maximum amount of Bitcoin I can purchase at this ATM?
The minimum purchase amount is $20 CAD, and the maximum per transaction is $995 CAD, with up to 5 transactions allowed per day.
What payment methods can I use at the Localcoin Bitcoin ATM?
Only Canadian cash bills are accepted at this Bitcoin ATM. If you want to use debit or credit cards, you can purchase cryptocurrency online via their website.
Where is the Localcoin Bitcoin ATM located in Saskatoon?
The ATM is located at 3501 11th St W, inside Greg's Grocery Plus, Saskatoon, SK, S7M 1K6, Canada.
Is there wheelchair accessible parking available at the Localcoin Bitcoin ATM location?
Yes, the location offers wheelchair accessible parking for customers.
What nearby places are close to the Localcoin Bitcoin ATM at Greg's Grocery Plus?
Nearby places include Greg's Grocery Plus, Wheat Bags By T (arts and crafts store), Finning Canada (building supply), Tranquil Sky Mobile Massage Therapy and Esthetics, and the Bendig Hotel Group along the nearby river.
How can nearby places like Greg's Grocery Plus and Tranquil Sky Mobile Massage Therapy benefit customers visiting the Bitcoin ATM?
Customers can easily access groceries and everyday items at Greg's Grocery Plus while visiting the ATM, and after their transaction, they might relax with massage or esthetic services at Tranquil Sky Mobile Massage Therapy in the vicinity.