Crypto investors in Toronto now have an efficient way to convert their Bitcoin for real cash through Localcoin ATMs.

Localcoin is Canada’s largest Bitcoin ATM network, with over 900 ATMs across the country, trusted by over 140,000 customers. That makes this company one of the most vital parts of the Canadian crypto ATM space.

Most recently, Localcoin has partnered with the popular convenience store chain INS Market, expanding the number of Localcoin ATMs available in the city.

With easy ways to fund your cryptocurrency portfolio, transparent and low fees and the maximum level of protection, Localcoin is also one of the only ways to liquidate your Bitcoins into physical cash while upholding user privacy.

In just five easy steps, Localcoin lets you sell your Bitcoin to withdraw cash within minutes, right when you need it. 

How it works

Before you venture out to get your cash, you need to make sure you have a digital wallet to store your cryptocurrencies and a phone number to verify your transaction.

Once you’ve found your nearest Localcoin ATM — which you can find in droves across the GTA at your nearest sell machine — and select the amount of cash you want to withdraw, the ATM will ask you to verify your account via your phone number.

Afterwards, you simply send Bitcoin through the ATM with the generated QR code from the machine. You can do this step online to save time as well.

Through a Localcoin ATM, you're able to receive a maximum of $900 CAD in one transaction, as that's the limit of the amount of Bitcoin you can sell off — with an accommodation of up to $4,975 in one day. There’s also a 6% fee for any sell transaction.

Looking to get started? From now until Tuesday, April 30, 2024, the first 500 readers who use the code "BLOGTO" can receive 25 per cent off sell transaction fees. The code can be redeemed online or at one of the machines.

Whether you're new to the cryptocurrency world or very familiar, you don't have to wait to cash out on your Bitcoin in Toronto — just head to a Localcoin location near you!