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Unlike the tedious sign-up processes for online exchanges, Localcoin ATMs do not require any form of ID or verification. The moment the transaction is completed, your cash convenince be ready for pickup at our Bitcoin ATM. Scan your redemption code on the terminal and your cash will be dispensed. Need to sell more? You will then be prompted to choose how many bitcoins you wish to sell. A ticket with instructions will then be printed from the ATM.
Gateway Newstands is a chain of convenience stores and currently has more than convenience stores, with the majority of them located on Toronto Subway lines operated by the Toronto Transit Commission TTC. There are currently 50 ATMs located in Toronto. LocalCoin is also the first and only bitcoin ATM network located along Toronto Subway lines, as they seek to ensure that the use of cryptocurrencies becomes a normalized part of the mainstream marketplace. The steps are as follows; simply press buy, insert your cash, and scan the QR code on your wallet, and the bitcoin equivalent gets transferred to your wallet. LocalCoin assures clients that the security and anonymity of transactions are of utmost importance to them.
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