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 - Pelican Market
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 it?
Localcoin is Canada’s largest cryptocurrency ATM network that allows customers to buy cryptocurrency with cash at over 950 physical ATMs mainly located in convenience stores and gas stations. One such ATM is located at 1904 Lorne Ave, Saskatoon.
What digital currencies can I buy at the Localcoin Bitcoin ATM - Pelican Market in Saskatoon?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at the Localcoin Bitcoin ATM located at Pelican Market in Saskatoon.
How do I use the Bitcoin ATM at Pelican Market?
To use the Bitcoin ATM, first get a compatible crypto wallet app (such as Trust Wallet, Exodus, or Coinbase Wallet). Bring your wallet or printed QR code to the ATM, select the cryptocurrency you want to buy, scan your wallet's QR code, insert Canadian cash bills, confirm your purchase, and your cryptocurrency will be sent to your wallet usually within 10-30 minutes.
What are the transaction limits at the Saskatoon Localcoin Bitcoin ATM?
The minimum purchase amount is $20 CAD and the maximum is $995 per transaction, with a maximum of 5 transactions allowed per day.
What payment methods are accepted at the Localcoin Bitcoin ATM?
The ATM only accepts Canadian cash bills. Debit or credit card payments are not accepted at the machine but can be used for online purchases via Localcoin's website.
What are the operating hours of the Localcoin Bitcoin ATM at Pelican Market?
The ATM operates from 7:00 AM to 11:00 PM Monday through Friday, 8:00 AM to 11:00 PM on Saturdays, and 9:00 AM to 11:00 PM on Sundays.
Is there wheelchair accessible parking available at the Localcoin Bitcoin ATM - Pelican Market?
Yes, there is wheelchair accessible parking available at this location.
How can I reach the Localcoin Bitcoin ATM at Pelican Market by public transit and what other nearby places could I visit?
The Localcoin Bitcoin ATM is located inside Pelican Market at 1904 Lorne Ave, Saskatoon, a convenient spot with nearby points of interest including Vanishing Point Picture Framing, Hues Art Supply, and The Cottage gift shop. You can use local transit to reach this central location and enjoy these nearby shops and services before or after your visit.
What nearby health and wellness services are close to the Localcoin Bitcoin ATM - Pelican Market?
Nearby, customers can find Oaks Mental Health counseling services, Saskatoon Wellness Centre offering chiropractic and naturopathic care, Dr. Naomi Whelan naturopathic services, and Jill's Massage Therapy, providing various wellness treatments.
What shopping and retail options are available near the Localcoin Bitcoin ATM at Pelican Market?
Near the ATM, you can visit various retail shops such as Shop Sundae for women's clothing, RR Caribbean Jewelry for jewelry, Adams Lumber hardware store, and SMS Appliances for home appliances, offering a wide range of shopping opportunities.