How to Buy Bitcoins

LocalCoinATM makes exchanging cash for bitcoins easy. Here are a few instructions to help you buy and store bitcoins safely. 

STEP ONE: GET A BITCOIN WALLET

We recommend the following easy-to-use wallets. You'll need to take this wallet (or a printed QR code) with you, to the machine.
Caution: Make sure that the wallet used supports Bitcoin. If the wallet is not compatible, you will lose your transaction amount.

COINOMI

70+ coins (incl. BTC, LTC, ETH)
Android only; iOS coming soon

LEDGER WALLET

Hardware wallets, Multi-Currency, Built-in Display, FIDO® Certified U2F, Top-notch Security, Backup/Restoration

SAMOURAI

Bitcoin (BTC) only; Best-in-Class Privacy & Security; Segwit
Android only

STEP TWO: GO TO THE NEAREST ATM

  • Find the closest ATM near you.
  • No ID is needed. All you need is your wallet address QR code and cash.

Can't find an ATM near you?

STEP THREE: SCANNING YOUR BITCOIN QR CODE

  1. Tap the machine's touchscreen, then read the on-screen prompt.
  2. Select cryptocurrency: Bitcoin
  3. In your wallet, find your address' QR code
  4. Hold it up to the machine's camera; the machine will scan it.
    This tells the machine where to send your Litecoin once you've confirmed your purchase.

STEP FOUR : PURCHASING YOUR BITCOINS

  1. After scanning the QR code, insert your CAD or USD* bill(s).
    * Only our Niagara location accepts USD bills
  2. Confirm the amount on the screen to complete your purchase.

Please note that there will be a service fee, which varies based on the Bitcoin market.

STEP FIVE: 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**.

Transactions at our ATMs are 100% anonymous.

* If you are going to send funds to another person, we recommended sending it to your own wallet first—especially if you do not know them personally.
** It is recommended that you wait for at least one confirmation on the Blockchain before spending or sending your purchased funds.

 

Find A Bitcoin Vending Machine Location Near You, And Start Buying Today!