How to Verify Your Identity at a Localcoin ATM in Australia

Yes. Under AUSTRAC rules, every registered crypto ATM operator in Australia must verify customer identity before processing transactions. You’ll need a valid government-issued photo ID, such as an Australian passport or driver’s licence. This applies at all operators, not just Localcoin.

Proof of funds is part of Enhanced Customer Due Diligence (ECDD) under Australia’s anti-money-laundering rules. AUSTRAC-regulated providers are required to confirm the source of the funds customers use. A recent bank statement or payslip satisfies the requirement for most customers.

A recent bank statement or a recent payslip. The document needs to show that the money you’re using comes from a legitimate source, such as your salary or savings. A clear photo or PDF is fine.

Typically between one and 30 minutes, depending on server load and photo quality. Most verifications complete within a few minutes. Some applications need additional processing time, and Localcoin’s Support Team may contact you if extra details are needed.

No. Verification is a one-time setup tied to your phone number. Once you’re verified, future transactions are much faster — though Localcoin may occasionally request updated information to stay compliant with AUSTRAC requirements.

Yes — and it’s the recommended option. Pre-verify on the Localcoin website’s Verify page (under Support) and you’ll receive an SMS confirmation, usually within minutes. When you arrive at the ATM, you can transact straight away.

The most common causes are expired IDs, blurry photos, or poor lighting — all fixable by retrying with a valid document in a well-lit spot. If verification still doesn’t go through, contact Localcoin’s Support Team, who can review your application and confirm what’s needed.

Yes. Under AUSTRAC rules introduced in June 2025, cash deposits and withdrawals at Australian crypto ATMs are capped at AU$5,000 per transaction. You can start from as little as AU$20 at a Localcoin machine.