Yes, regardless of if you would like to buy or sell cryptocurrency, you will need a crypto wallet to use our ATMs. While you can purchase crypto directly from the ATM using Canadian Currency, you will need a suitable crypto wallet in order to receive crypto from the ATM. This digital wallet takes the form of a QR code which is scanned at the machine.
Please note: our bitcoin ATMs cannot read a QR code that is placed on a background without a differentiating color, the QR code must have a border!
To solve this issue, you may need to turn off Dark Mode if you are using it.
What is a crypto wallet?
A crypto wallet is a digital or physical device that allows you to store, manage, and secure your cryptocurrency holdings. A crypto wallet typically includes a public address, which is used to receive cryptocurrency, and a private key, which is used to access and manage the holdings stored at the public address.
The private key must be kept safe, as it is the only way to access the cryptocurrency stored in the wallet. There are several types of crypto wallets available, including software wallets, hardware wallets, and paper wallets. Each type of wallet has its own set of features and benefits, and it's important to research and choose the one that best suits your needs and security preferences.