THE BITCOIN TELLER MACHINE (BTM)


Decentral Inc. opened the first Bitcoin ATM in Toronto in January of 2014. The “Bitcoin Decentral” co-working space, located at 64 Spadina Ave, was its home. The two-way “BTM” quickly became busy and, in 2015 was moved to its current location at 119 Spadina Ave, to allow users easier access seven days a week.


Address

119 Spadina Ave

(North of Adelaide on the East side of Spadina)


Bitcoin ATM Support

888-650-3796

Hours of Operation
Monday to Wednesday 7am – 12am
Thursday & Friday 7am – 1am
Saturday 9am – 12am
Sunday 10am – 10pm

BTM LOCATION

Frequently Asked Questions (FAQ)


It’s my first time using the Bitcoin ATM. What do I need to know?

Our Bitcoin ATM is fast, secure, and easy-to-use. There are instructions on the screen that are designed to guide you through your first transaction step-by-step. You will need a smartphone with capacity to send text messages and data if you would like to see your transactions as soon as they confirm on the Bitcoin blockchain.


What do I need to use the BTM?

You will need a smartphone with mobile data and some cash. The minimum purchase is $20.


What do I need to have on my phone?

You will need a Bitcoin wallet which you can download for free here.


What if I don’t have mobile data on my phone?

You can use the machine even without mobile data by downloading a Bitcoin wallet beforehand, and then, using the wallet, scan the QR code of the Bitcoin address in your wallet. When your phone is connected to wifi you will be able to view the confirmations of your transaction.


Which Bitcoin wallet should I use?

We are the developers of Jaxx, a Bitcoin wallet which is free and available on 8 platforms including Android and iOS!


What is a QR code and where can I find it?

A QR code is a square barcode that represents your Bitcoin address. The QR code for your personal Bitcoin address is accessible through your wallet. We recommend the free Bitcoin wallet app, Jaxx.


Does the Bitcoin ATM require any personal information?

In order to use the machine, all that is required is a mobile phone number that is able to receive text messages.


Why do I need to enter my phone number?

The phone number is used to track your daily buying and selling limits.


How long does it take to buy or sell Bitcoin?

Selling Bitcoin generally takes as little as 10 minutes, while buying could take 5 minutes or less.


What’s the minimum amount of Bitcoin I can buy?

You can buy a minimum of $20 worth of Bitcoin. There are fees from the Bitcoin network called “Mining Fees”. We do not control or collect these fees - they are a part of each Bitcoin transaction. These fees will be deducted from your deposit to enable the transaction. Mining fees vary with network congestion - how busy the Bitcoin network is - and can vary from just a few dollars to much more. Our Bitcoin ATM will warn you of these fees which are are not refundable even if you decide to cancel your transaction before it completes.


What’s the maximum amount of bitcoin can I sell?

You can sell a maximum amount of $6,000 within a 24-hour period.


Do I need to buy a whole bitcoin?

No, you can buy fractions of a Bitcoin for as little as $20.

© Decentral Inc. mapleLeaf Made in Canada