Frequently Asked Questions

Got a question? Find our FAQs here

General Inquiry

Each Bitcoin is basically a computer file that is stored in a 'digital wallet' app on a smartphone or computer. People can send Bitcoin (or part of one) to your digital wallet, and you can send Bitcoin to other people. Every single transaction is recorded in a public list called the blockchain.

A crypto wallet is a necessary part of holding and transacting crypto coins. In order 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 literally 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.

We recommend the following easy-to-use wallets. You'll need to bring this wallet (or a printed QR code) with you to the machine.

Caution: Ensure that the wallet supports your cryptocurrency. If the wallet is not compatible, you will lose your transaction amount.

Click here to read more about our crypto wallet recommendations

No! You can purchase as little as $5 NZD worth of Bitcoin and other cryptocurrencies such as Ether and Litecoin at Localcoin Bitcoin ATMs. You will receive the BTC, ETH and LTC equivalents of the amount of money you input.

Buy from Bitcoin ATM

Click Here to Watch a Quick Video on How to Buy Bitcoin at Our ATMs

Step 1: Sign Up

Submit your phone number and government issued ID to sign up at our machines. It takes about 2 minutes to sign-up.

Step 2: Begin Transaction

All you need is your wallet’s address, QR code and cash!

Step 3: Scan Wallet 

Select Bitcoin, use your wallet's QR code, and hold it up to the ATM's camera. Don't have a wallet? See here for our recommendations.

Step 4: Insert Cash & Receive Bitcoin

Insert the amount of cash equivalent to the Bitcoin you purchased. A receipt will be sent via SMS.

We accept New Zealand Dollar notes at all locations in New Zealand

Our Bitcoin ATMs accept NZD in the following denominations:

$5, $10, $20, $50, $100

The minimum amount of Bitcoin (and other cryptocurrencies) you can buy from a Localcoin ATM is $5 NZD—the smallest denomination that you can insert. The maximum is $9,500 per transaction.

Our price for Bitcoin, Ethereum, Litecoin and other cryptocurrencies is based on the market rate, in addition to an exchange fee, much like how a currency exchange sells your fiat money.

You cannot enter your wallet address manually. Please make sure you have a scannable QR code (printed out or on your smartphone or tablet) before going to any Localcoin Bitcoin ATM

Read More About Crypto Wallets Here

No. All Localcoin Bitcoin ATMs are cash-only and can only accept New Zealand Dollar banknotes.

Yes, you will be required to provide your name, home address, occupation, and government-issued identification (“ID”), such as a driver’s license or passport for authentication against a “selfie” image before completing a transaction. All of your personal information is securely stored in accordance with our Privacy Policy.

Customer Support

You can give us a call at (0800) 452 242

Click here to see our support hours

All localcoin transactions happen immediately, provided you send them to the correct address. If you have confirmed, with 100% certainty, that you sent them to the correct address. However, with Blockchain delays, we expect that the transaction would take anywhere from a few minutes to an hour.

Some wallets will not show your Bitcoin until the transaction has been confirmed on the Blockchain. This usually takes about 10 minutes up to 1 hour, depending on the state of the network.

Yes. Sending us a picture/screenshot will better help us understand the issue you are experiencing. You can send the picture to [email protected] alongside a detailed description of the issue so that we can solve it as quickly as possible for you.

All Bitcoin transactions are irreversible, regardless of where they were done. Only the person to whom you sent them can send them back to you. Therefore, it is impossible for Localcoin ATMs to provide you with any kind of refund.

Bitcoin can detect typos, and will prevent you from sending money to an invalid address by mistake. However, you should always confirm that you have the correct QR code/wallet address before scanning it into the machine.

Additionally, do not send Bitcoin to anyone who claims you owe money to the government. They are scammers. Hang up the phone, and call the police if anyone like this contacts you.

We are aware that your transaction was unable to be processed and sincerely apologize for the inconvenience. Rest assured, your funds are secure with Localcoin as your transaction was recorded by our systems. 

Please contact our support team.

Host An ATM

Our Bitcoin ATMs are not for sale. If you are a store owner interested in hosting our Bitcoin ATMs at your location, please visit our website and complete the required information. A Localcoin representative will contact you to discuss if it is a suitable arrangement for both parties. For further assistance, Please contact us here.

If you are a store owner and would like to host a Localcoin Bitcoin ATM at your location, please visit our website and complete the necessary information. A Localcoin representative will contact you to determine if the arrangement is a good fit for both parties. Please contact us here.