Frequently asked questions
A Bitcoin ATM (or BTM) is a physical kiosk that allows users to buy or sell Bitcoins using cash or debit cards. Unlike traditional ATMs, which are connected to a bank account, Bitcoin ATMs connect to a Bitcoin wallet and facilitate transactions via the blockchain.
A Bitcoin wallet is an essential digital tool in the cryptocurrency ecosystem. It serves as an interface for securely storing, sending and receiving bitcoins. At the heart of its operation are the private keys, the crucial elements that enable you to access your bitcoins and authorize transactions. As an indispensable component for holding and exchanging cryptocurrencies, the Bitcoin wallet gives you total control over your digital assets.
There are several types of Bitcoin wallet:
1 Software wallets (on computer or smartphone)
2 Hardware wallets
3 Online wallets (web wallets)
CryptoClub BTM recommends several user-friendly wallets for beginners and experienced users alike. To use our services, all you need is one of these wallets or its printed QR code when you visit our vending machines. Our recommendations include :
- Trust Wallet Available for Android, iOS, et tout navigateur Chromium
- Blue Wallet Available for Android et iOS
- Exodus Available for Android, iOS, et tout navigateur Chromium
⚠️ Please note: Before choosing a wallet, make sure it supports the cryptocurrency you wish to purchase. Using an incompatible wallet could result in the irreversible loss of your funds. To guarantee a successful transaction:
- Check the wallet's compatibility with your cryptocurrency.
- Test the wallet with a small amount before making large transactions.
- Keep your private keys and recovery phrases in a safe place.
- For purchases under $10,000: No, for transactions under $10,000, only your phone number is required to purchase Bitcoins.
- For purchases of $10,000 or more: Yes, if your purchase exceeds $10,000, you'll need to scan your driver's license for verification before finalizing the transaction.
No! you can buy a fraction of a Bitcoin, starting at just $20.
Veroct ATMs allow you to buy the BTC equivalent of the amount you've inserted, without the need to acquire a whole Bitcoin.
- Choose a location near you
Find the Bitcoin ATM nearest to you. - Select the desired amount of Bitcoin
Enter the amount of Bitcoin you wish to purchase. - Enter your phone number
Enter your phone number and confirm with the code you will receive by SMS. Your phone number is only used to send you a transaction receipt. - Scan the QR code of your Bitcoin wallet
Use the QR code on your wallet and scan it to finalize the transaction. - Insert cash and receive your Bitcoins
Insert the cash amount corresponding to the Bitcoins you wish to purchase. A receipt will be sent to you by SMS.
- For purchases under $10,000: No, for transactions under $10,000, only your phone number is required to purchase Bitcoins.
- For purchases of $10,000 or more: Yes, if your purchase exceeds $10,000, you'll need to scan your driver's license for verification before finalizing the transaction.
Bitcoin ATMs incorporate security measures, such as two-factor authentication (2FA), to protect user identity and ensure secure transactions. Our company is registered with the AMF and Fintrac, guaranteeing a high level of compliance and security.
Our fees are competitive and transparent. The fee structure may vary slightly depending on location. You can find information on the machine itself.
Bitcoin transactions are processed on the blockchain. In general, it takes about a few minutes for your Bitcoin to be confirmed and available in your wallet. However, this may vary depending on network congestion.
You can buy Bitcoin or Ethereum in cash (CAD only) via our OTC service. Exchange rates are provided directly at the office, as they are constantly changing. For transactions over $10,000, ID is required. In addition, you will need to provide the QR code of the wallet where the cryptocurrencies will be sent. Book an appointment today.
To sell Bitcoin or Ethereum via our OTC service, you need to send the cryptocurrencies before your appointment, so that the transaction can be confirmed. Once we've verified the transaction, you'll receive the money in cash when you arrive at the office at the agreed time. Book your appointment now.
