Localcoin is proud to offer a pre-sell online service where users can sell their Bitcoin ahead of time and pick up the cash within a 24 hour period at their desired sell ATM location.
Step 1 - Find your Nearest ATM
- Select the Localcoin ATM location which you want to withdraw your cash from.
Please note: Your Redeem Ticket will only be valid at that machine only.
Step 2 - Select Amount
- Select the amount of Bitcoin you want to sell.
- Enter a value in $50 or $100 increments (depending on the ATM selected) that you would like to sell
Note: There is currently a limit of $900 for each sell transaction
Step 3 - Verification
- Read over the Terms of Service.
- Provide your mobile phone number and we will send you a text message with a security code.
- You should receive an SMS text immediately after entering your mobile phone number.
- Enter the PIN code provided.
Step 4 - Send Bitcoin
- Send the exact Bitcoin amount to the QR code provided.
Please note: if the exact amount of BTC stated on the instructions is not sent it will result in a transaction failure and will require a manual refund which can take up to 5 business days.
- You will need to complete the transaction within 30 minutes.
- Your payment will take a few minutes to confirm.
- Once the transaction is confirmed you will be notified by SMS when you can withdraw your cash. This could take up to an hour in rare cases, depending on network congestion.
Note: We recommend sending from your personal wallet (Such as Trust Wallet, Blue Wallet, Exodus, etc) and NOT an exchange (Shakepay, Coinbase, Newton etc) as exchange withdrawals can be delayed.
Step 5 - Go to ATM and Withdraw Cash
We recommend doing the following steps on your mobile device at the time of the withdrawal, in front of the ATM. The QR Code shown will be needed for the withdrawal.
- Click on Generate Ticket button.
- You will receive an SMS text with a PIN code. Once confirmed, this will create a Redeem Ticket QR code.
- On the Localcoin ATM, choose Redeem Ticket on the screen.
- Scan the QR Code generated by the Redeem Ticket to receive your money.
That's it! The ATM will now dispense Canadian dollars in exchange for your Bitcoin. Please note the daily limit for sell transactions is $5000 CAD.
For more information on this process please click here: https://localcoinatm.com/presell-online-how-it-works/
To get started will an online pre-sell transaction please click this link! https://localcoinatm.com/online-sell/
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