Localcoin
- Company typePrivate
- Founded2016
- HeadquartersToronto, Canada
- Headcount51–100
- GTM typeB2C
- OfferingServices
Localcoin firmographics
Firmographics- Name
- Localcoin
- Legal name
- 9992987 Canada Inc.
- Website
- https://localcoinatm.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
Localcoin industry classification
Industry- Product category
- Cryptocurrency ATM Services
- NAICS
- Securities and Commodity Exchanges (5232), Vending Machine Operators (445132)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks (FSADAIAE)
- akta.pro secondary industries
- POS, QR & In-Person Acceptance Infrastructure (Crypto) (FSADAIAI), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)
Keywords
Where Localcoin is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Localcoin business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Infrastructure, Technology or R&D, Supply Chain, Personnel, Marketing or Sales, Operations
Revenue model
- Bitcoin ATM Transaction Fees: Localcoin charges a service fee on every buy or sell transaction processed at its ATMs. Fees are based on live market pricing plus an exchange fee, similar to how currency exchanges handle fiat money. The fee varies by transaction amount and cryptocurrency type. No refund policy applies — all transactions are final.
- Online INTERAC e-Transfer Sell Service: Customers can sell cryptocurrency online and receive Canadian dollars via INTERAC e-Transfer. Localcoin charges a service fee for this transaction, generating revenue from the conversion spread between the blockchain crypto amount and the fiat INTERAC payout.
- ATM Host Partnership Rental Income: Retail partners host Localcoin ATMs and earn over $2,000 annually in rental income. While this is a cost to Localcoin, it represents the economic model by which Localcoin acquires physical distribution points — the ATM placement generates transaction fee revenue that exceeds the rental cost.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard tier — SMS verification only |
| Transaction based/ take rate | Pay-as-you-go | Verified tier — government-issued ID + selfie required |
| Transaction based/ take rate | Pay-as-you-go | ATM Cash Sell — minimum $50 CAD |
| Transaction based/ take rate | Pay-as-you-go | INTERAC e-Transfer Sell — fully verified accounts |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels7 records
Localcoin product offering
Product offeringCore offering
Localcoin operates a Bitcoin ATM network of 1,000+ physical terminals placed at retail partner locations across Canada (with international operations in Australia, New Zealand, Hong Kong, and Poland). Customers can buy and sell 10+ cryptocurrencies (BTC, ETH, LTC, ADA, XRP, DOGE, USDC, USDT, SOL) using cash at the ATM or online via INTERAC e-Transfer. The service requires only a phone number for SMS verification up to $4,975/day and supports verified accounts up to $14,925/day, targeting unbanked, privacy-conscious, and first-time crypto buyers.
Product overview
Localcoin operates as a cryptocurrency ATM network offering a platform-plus-services model. The core offering is the Bitcoin ATM Network, a physical infrastructure of over 1,000 ATMs across Canada enabling cash-to-crypto and crypto-to-cash transactions. This core is complemented by two primary service channels: the Buy Crypto With Cash and Sell Crypto for Cash services, which support 10 cryptocurrencies including Bitcoin, Ethereum, Litecoin, Cardano, Ripple, Dogecoin, USD Coin, Tether, and Solana. Additional services include the INTERAC e-Transfer Sell for online crypto-to-CAD conversions and the MyAccount Dashboard for account management. The platform also includes fraud prevention features (Fraud Information Hub) and AI-powered customer support. The company positions itself as Canada's largest Bitcoin ATM network, serving over 140,000 customers.
Differentiator
Problem solved
Functional benefit
Products and services
- Buy Crypto With Cash Service allowing users to purchase Bitcoin, Ethereum, Litecoin, Cardano, Ripple, Dogecoin, USD Coin, Tether, and Solana using cash at Localcoin ATMs. Minimum purchase of $20 CAD, with daily limits of $4,975 for standard SMS-verified accounts and $14,925 for verified accounts. Targeted at unbanked consumers, privacy-conscious users, and first-time crypto buyers.
- Sell Crypto for Cash Service enabling users to sell cryptocurrency and receive cash at Localcoin ATMs. Supports minimum $50 CAD and maximum $995 per transaction, $4,975/day for standard tier. Includes pre-sell functionality allowing users to initiate sales online, lock in rates, and pick up cash at ATMs with zero waiting time. Targeted at crypto holders wanting to convert digital assets to cash.
- Sell Crypto for INTERAC e-Transfer Online service allowing users to sell cryptocurrency and receive Canadian dollars via INTERAC e-Transfer directly to their bank account from home. Offers elevated limits of up to $995 per transaction and $14,925 per day for fully verified accounts. Targeted at verified Canadian crypto holders who prefer online banking payout over ATM cash pickup.
- Pre-Sell Crypto Online Pre-Sell service allowing users to initiate a crypto sell online, lock in the exchange rate, send crypto, and once confirmed on the blockchain, receive an SMS to walk up to any Localcoin ATM and withdraw cash instantly — eliminating wait times at the ATM. Targeted at users wanting to combine online convenience with cash pickup.
- MyAccount Dashboard Online account management portal providing transaction history, limit tracking, verification status management, ATM location finder, and customer support access. Uses phone-based authentication with SMS one-time codes instead of passwords. Targeted at Localcoin customers wanting visibility into their transaction history and limits.
- Localcoin Bitcoin ATM Network Physical cryptocurrency ATM network enabling users to buy and sell Bitcoin and other cryptocurrencies with cash. Operates 1,000+ ATMs across Canada with 24/7 customer support, allowing cash-to-crypto and crypto-to-cash conversions at retail partner locations. Embedded in convenience stores, gas stations, and newsstands.
Quantifiable outcome
- Over 1,000 ATM locations across Canada
- +3 more outcomes
Companies that use Localcoin
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles4 records
Localcoin technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability5 records
Feature5 records
Localcoin partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered major and core.
- Royal Canadian Mounted Police (RCMP)majorLocalcoin collaborates with the RCMP on fraud prevention training, intelligence sharing, and community outreach targeting vulnerable populations susceptible to crypto ATM scams. This partnership was announced during Fraud Awareness Month 2026.
- Ontario Provincial Police (OPP)majorLocalcoin works with the OPP on fraud prevention training, intelligence sharing, and community outreach. Joint efforts target Bitcoin ATM fraud schemes such as the CRA scam, RCMP phone scam, and job/employment scams.
- Coinlab LLCcoreLocalcoin acquired Coinlab LLC as part of its expansion into Poland. The acquisition increased Localcoin's operational ATMs to 14 in Poland, positioning the company to capitalize on the country's growing crypto market and anticipated EU MiCA regulatory framework.
- Gateway NewstandscoreGateway Newstands hosts Localcoin Bitcoin ATMs at its retail locations across Canada. As a host partner, Gateway Newstands earns rental income and attracts new foot traffic from crypto users.
- Hasty MarketcoreHasty Market convenience stores host Localcoin Bitcoin ATMs, providing accessible crypto purchase/sell points for nearby communities and generating additional revenue for the host.
- Avondale Food StorescoreAvondale Food Stores hosts Localcoin Bitcoin ATMs, leveraging existing retail infrastructure to offer crypto services to customers.
- Provi-soircoreProvi-soir convenience stores serve as Localcoin ATM host locations, enabling the network's physical presence in Quebec and other provinces.
- Little Short StopcoreLittle Short Stop hosts Localcoin Bitcoin ATMs at its retail locations, contributing to the network's geographic reach.
- INS MarketcoreINS Market convenience stores host Localcoin Bitcoin ATMs as part of the growing retail partner network.
- Depanneur JourscoreDepanneur Jours (Quebec convenience stores) host Localcoin Bitcoin ATMs, expanding the network's presence in Quebec.
Scale indicators9 records
Recent moves10 records
Expansion highlights5 records
Localcoin competitors and assessment
Company assessmentMarket position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Localcoin social profiles
Digital presenceLocalcoin compliance and trust
Trust signalCompliance4 records
Localcoin financial estimates
Financial estimateRevenue estimate
Valuation estimate
Localcoin leadership team
Management profileNumber of profiles
Profiles3 records
Localcoin subsidiaries and ownership
Company hierarchySubsidiaries1 record
Localcoin funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Localcoin M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Localcoin
What does Localcoin do?
Localcoin operates a Bitcoin ATM network of 1,000+ physical terminals placed at retail partner locations across Canada (with international operations in Australia, New Zealand, Hong Kong, and Poland). Customers can buy and sell 10+ cryptocurrencies (BTC, ETH, LTC, ADA, XRP, DOGE, USDC, USDT, SOL) using cash at the ATM or online via INTERAC e-Transfer. The service requires only a phone number for SMS verification up to $4,975/day and supports verified accounts up to $14,925/day, targeting unbanked, privacy-conscious, and first-time crypto buyers.
Is Localcoin a public or private company?
Localcoin is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Localcoin founded?
Localcoin was founded in 2016. It employs 51 to 100 people.
Where is Localcoin based?
Localcoin is headquartered in Toronto, Canada, in the North America region.
How does Localcoin make money?
Three revenue lines are on record. Bitcoin ATM Transaction Fees are the primary driver. The others are online INTERAC e-Transfer Sell Service and ATM Host Partnership Rental Income.
Does Localcoin have an API?
No public API is recorded for Localcoin.
What industry is Localcoin in?
Localcoin's product category is Cryptocurrency ATM Services. Its primary akta.pro industry code is FSADAIAE, On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks, with a secondary code of FSADAIAI, POS, QR & In-Person Acceptance Infrastructure (Crypto). Its NAICS code is 5232 and its SIC code is 6200.