Localcoin
Another option to buy crypto in Canada is Localcoin, which has its headquarters in Toronto. Localcoin is an alternative to a crypto exchange through their ATMs with over 800 terminals across Canada.
Localcoin started offering only Bitcoin but has now expanded to offer 6 different tokens, including Ethereum, Litecoin, Dogecoin, Cardano, and USDC. Coins are offered on market rate plus an exchange fee, similar to how traditional currency exchanges work with fiat money.
You will need your own crypto wallet before you make a purchase through a Localcoin ATM. Localcoin supports mobile, web, and hardware wallets. Scan your wallet QR code to get started, select the amount you are looking to buy, and insert your CAD bills to complete the purchase. Your coins will then be sent to the wallet address you provided.
Localcoin only allows you to purchase a maximum of $995 per transaction and a daily limit of $4,975 without any KYC, only SMS verification is required.
Localcoin Features
· Supports Bitcoin and 5 other cryptocurrencies
· Over 800 ATMs around all Canadian provinces
· Supports mobile, web, and hardware crypto wallets
· Purchase crypto with fiat currency (CAD bills)· Both newbie and expert traders will find it easy to use
· There is always someone available to email or livechat
Localcoin Cost (High fees)
· $3 + 10% fee for CAD bill purchases
· 7.5% fee for credit card purchases· 10% fee for cryptocurrency sales
Localcoin is the best buying option for: Any beginner or experienced investors who want to buy cryptocurrencies with fiat currency bills or credit cards at a nearby location.
