Gain Access to Buy and Sell Crypto
Join Localcoin's community for all your crypto needs.
STEP-BY-STEP GUIDE
How It Works
Step 1
Submit ID
Step 2
Begin Purchase
Step 3
Scan Wallet
Step 4
Insert Cash & Receive Crypto
BENEFITS
Why Get Verified?
Full Access
Be part of Localcoin's exclusive community.
Save on Fees
Receive limited-time offers on transactions.
Fast & Secure
Our KYC process is safe and takes 2 minutes.
Your Perks
Verified | Premium | |
|---|---|---|
Transaction Limit | $5,000 | $5,000 |
Weekly Limit | $19,995 | $30,000 |
Annual Limit | $99,995 | $99,995 |
Welcome Offer | ❌ | ✅ |
Customer Support | Standard | Priority |
Sign-Up Process | ID, Selfie, Questionnaire, Proof of Funds | Proof of Work, Bank Statements |
Priority access to New Coins | ❌ | ✅ |
Our Partners
FAQ
Most ID verifications are processed within 24-48 hours after submitting your information and documents through our secure Sumsub verification portal. However, some applications may require additional processing time due to enhanced checks or if further details are needed. You’ll receive a confirmation email once your verification is complete.
Before your first transaction, you'll need to complete a quick identity check (KYC) - it's a standard requirement for all crypto providers regulated by AUSTRAC. Have these ready and you'll be set in few minutes:
- A valid government-issued photo ID - e.g. an Australian passport or driver's licence.
- A mobile phone that can receive text messages (for your one-time passcode) and take clear photos of your ID.
- Your full home address.
- Proof of funds a recent bank statement or payslip. As part of Enhanced Customer Due Diligence (ECDD), we're required to confirm the source of the funds you're using.
Yes, your personal information is fully secure. Localcoin uses Sumsub, a trusted and industry-leading verification platform, to process KYC data. All information is encrypted with bank-grade security protocols and stored in compliance with FINTRAC regulations and Canadian privacy laws. We only collect the data necessary for verification (e.g., name, phone number, ID, address) and never share it with third parties beyond what’s required for compliance.
If your application takes longer than 48 hours or is rejected, our Support Team may need additional details or clearer documentation. Check your email for any messages from us requesting further information. Ensure your ID is valid, not expired, and that photos are taken in a well-lit area without obstructions (e.g., no hats or face coverings). You can also contact our Support Team at [email protected] for assistance.
Yes! Once verified, your KYC status is linked to your account and applies to all Localcoin ATMs across Canada. Simply use your verified phone number at any of our ATMs to access higher daily limits of $14,925, yearly limits of $100,000, and enjoy a 10% discount on transaction fees for every transaction, no matter the location.