Business Details
About
ATM
At our Bitcoin ATM in Toronto 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 - Kent convenience
1832 St Clair Ave W, Toronto, ON
M6N 1J8, Canada
Hours
Reviews
4.7
6 reviews
5 stars
5
4 stars0
3 stars
1
2 stars0
1 star0
- DMDestiny MeawasigeMay 31, 20233.0Again, never let me down! However, this is the second time I’ve used this ATM, and I’ve yet to receive the 20% offer they said they would send to me through SMS for completing the questionnaire. Unless I am doing something wrong, and someone feels free to let me know what it is I am doing wrong. The first time, I definitely rated 5 stars. So, perhaps I will mark down a star or two for the fact they’ve told me this twice now, and I’ve yet to receive anything through SMS for my 20% discount. Especially since I’ll definitely be using it again, and often, in the future because it benefits me and my business. Frankly, I may actually go use it again within the next hour, actually. Besides all of that, the ATM completely does what it is I need it to do. It supports my online business in ways I could never imagine. It’s conveniently close, as well (literally a 3 min walk or less). I will rate it back to 5 stars again if I receive my 20% discount because for many reasons I could definitely benefit from it.
- D៙ Dεѕτιηү Μεαωαsıgε Dαγ ៙ (Dez)Apr 11, 20235.0Well thank you so much!!! I was literally saved by Localcoin Bitcoin ATM tonight! I thought wrong about the whole process of it all. I’ve been locked out of my Coinbase wallet and a few others, and there’s really no action whatsoever to be done without your identification. Which incidentally, the only piece of ID I have at arms reach is my expired drivers license 🪪 Which I think is complete rubbish because it’s an unacceptable piece of ID based on a sequence of a few letters and numbers 😑 But tonight, thanks to lc, I feel like a winner for finally being able to make things right by the people of my team who deserve it!!!
- VVV VNov 2, 20225.0Very good
Frequently Asked Questions About Localcoin Bitcoin ATM - Kent convenience
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.