Question 1

What is required in order to use a Bitcoin ATM?

Accepted Answer

To use a Bitcoin ATM, you need a digital wallet to store your cryptocurrencies and a phone number for verification.

Question 2

Do I need a crypto wallet to use your ATMs?

Accepted Answer

Yes, regardless of if you would like to buy or sell cryptocurrency, you will need a crypto wallet to use our ATMs. While you can purchase crypto directly from the ATM using Canadian Currency, you will need a suitable crypto wallet in order to receive crypto from the ATM. This digital wallet takes the form of a QR code which is scanned at the machine.   Please note: our bitcoin ATMs cannot read a QR code that is placed on a background without a differentiating color, the QR code must have a border! To solve this issue, you may need to turn off Dark Mode if you are using it.  The private key must be kept safe, as it is the only way to access the cryptocurrency stored in the wallet. There are several types of crypto wallets available, including software wallets, hardware wallets, and paper wallets. Each type of wallet has its own set of features and benefits, and it's important to research and choose the one that best suits your needs and security preferences. See our recommended wallets.
See how our buying process works.

Question 3

How much can you withdraw from a Bitcoin ATM?

Accepted Answer

When using a Localcoin Bitcoin ATM, the maximum you can sell is $900 CAD in one transaction. We can accommodate up to $4,975 in one day. There is a 6% fee for any sell transaction.  For more information, check out our fees and limits page.

Question 4

Is a Bitcoin ATM transaction anonymous?

Accepted Answer

Bitcoin ATMs offer varying levels of anonymity. While some machines require user verification, such as providing a phone number or scanning an ID document, there are also Bitcoin ATMs that allow for anonymous transactions within certain limits. It's important to be aware of the specific anonymity features and limitations of the Bitcoin ATM you choose to use.

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With over 900 ATMs across the country, Localcoin is Canada's Largest Bitcoin ATM network, Trusted by over 140,000 customers, making it an integral part of the Canadian crypto space.

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