Localcoin

Localcoin operates cryptocurrency ATMs in Canada and publishes instructions for buying and selling crypto for cash. It is retail conversion infrastructure and not a cash-collection service for banks.

Services The listed services are cash purchase of crypto and cash sale of crypto at supported ATMs. Payment channels are physical cash and the blockchain, and the profile refers to cryptoassets in general without naming specific coins. Whether a machine can pay out cash depends on the device, so a client who wants to sell crypto should check that the chosen ATM supports it.

Clients The network serves retail crypto users who want a physical way to enter and leave crypto without a bank transfer or an exchange account. The step-by-step guides are published by the operator, which helps first-time users understand how to complete a purchase or sale at the machine.

Points to confirm The available description does not give the fee schedule, limits, legal entity, licensing or identification requirements. Because Canadian crypto ATM rules can affect verification and transaction caps, users should read the current conditions on the operator's site or at the machine itself before they bring cash.

Who it suits Localcoin fits individuals in Canada who prefer to deal in cash through a machine.