Question 1

Do I need to verify my identity to buy Bitcoin?

Accepted Answer

Yes, All users must verify their identity with Localcoin before completing any transactions. To get verified, you must: Enter your personal details  Verify your phone number Provide photo ID Disclose occupation and address Wait for verification, and you are good to go!  Follow this link to begin your one time verification process, you can always pre-verify before visiting a Localcoin ATM to save some time. Verification of your identity when using a Bitcoin ATM is a requisite step to ensure compliance with AUSTRAC regulations. What is required to verify my identity:

Requirements for User Identity Verification: Government-issued photo ID such as an Australian Passport or a driver's license A cell phone capable of text messaging and taking photos

Question 2

How do I buy Bitcoin from Localcoin ATMs?

Accepted Answer

To buy Bitcoin at a Localcoin ATM: Find the Nearest ATM: Find the nearest ATM using the map section.  Verify: Verify your Identity to begin - you can do this ahead of time. Scan QR Code: Scan QR code by holding QR code up to the machine's camera Insert Cash: Insert cash equivalent to the amount of Bitcoin you wish to purchase Receive Bitcoin: Once purchase is confirmed, Bitcoin will be deposited into wallet

Question 3

Do I have to buy one whole Bitcoin?

Accepted Answer

No! You can purchase as little as $20 AUD worth of Bitcoin. You will receive the BTC equivalents of the amount of money you input.

Question 4

What currencies are accepted by Localcoin ATMs?

Accepted Answer

We accept Australian Dollar notes at all locations in Australia.

Question 5

What denominations do Localcoin ATMs Accept?

Accepted Answer

Our Bitcoin ATMs accept AUD in the following denominations: $5, $10, $20, $50, $100.

Question 6

What is the minimum/maximum Bitcoin I can buy?

Accepted Answer

Please refer to our fees & limits section for a detailed breakdown of our limits.

Question 7

Do Localcoin ATMs charge a fee for transactions?

Accepted Answer

When using a Localcoin ATM, there is a transaction fee and a flat fee applied to all crypto purchases. We strive to keep these fees competitive with other players in the market.   For more information and some insight into the fees you will incur, please refer to our fees section for a detailed breakdown of our fees.

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1. Sign Up

2. Begin Purchase

3. Scan Wallet

4. Receive BTC

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