Localcoin ATMs make purchasing and trading cryptocurrency ”very simple.”

<p>Localcoin co-founders Tristan Fong and Jay Pandher observed restrictions that kept newer and smaller size investors out of the picture when cryptocurrency exchanges first debuted on the investment landscape. Their approach made use of a tried-and-true technology that everyone is familiar with: the ATM. They opened their first Localcoin ATM in Markham, Ontario, in 2017.</p> <p>Localcoin ATMs definitely struck a chord with investors looking for a quick and easy method to dip their toes into the bitcoin waters. The company swiftly developed to become Canada's largest bitcoin ATM network. There are already over 800 Localcoin ATMs installed in convenience stores, retail, petrol stations, and hotels across Canada and the United States, with 15 to 20 new machines added each week.</p> <p>"We are Canada's largest network, with a solid reputation and ties with well-known retail brands," Fong explains. "In addition to having the most successful network, we also offer the most competitive rates and offer a high level of customer service, including live chat and phone, seven days a week."</p> <p>The objective of Localcoin is to make crypto investing more accessible to the common person by offering a secure gateway they can rely on.</p> <p>"By situating our ATMs in familiar surroundings for a normal customer, we recognised an opportunity to make shopping an exceptionally straightforward experience for the user," Fong explains. "Cryptocurrency purchases can be made instantaneously with ATMs." ATMs are substantially easier and more convenient than traditional exchanges, which require account opening and a technical learning curve."</p> <p>According to Pandher, online exchanges necessitate a significant amount of onboarding and coordination. "It takes time to get approvals and set up accounts, and it can take one to five business days to transfer payments," he explains.</p> <p>Purchasing bitcoin through a Localcoin ATM, on the other hand, can be as quick as a cash withdrawal. Users can simply go up to the machine after i