The world’s first Ethereum ATMs launched in Canada

The world’s first Ethereum ATMs launched in Canada

LocalCoinATM, a popular manufacturer of Bitcoin ATMs, has launched ATMs that support Ethereum in three Canadian cities.

Earlier, the company had already added the support of “digital silver” – Litecoins – to some of their ATMs, as well as the “buy altcoins” option, which explicitly signalized that the cryptocurrency assortment would be further expanded.

Currently, ATMs that allow purchasing ETH tokens work in three stores of Hasty Market chain, located in Toronto, Brampton, and Etobicoke.

ATMs offer the following functions:

  • buying ETH for fiat money;
  • selling ETH from Ethereum deposit.

To make transactions, you will need the address of your Ethereum wallet.

Today, Bitcoin ATMs remain the simplest, however, not the most beneficial way of purchasing a cryptocurrency. They take a 1-2% fee – higher than in the majority of cryptocurrency exchanges. But analysts expect that with the growth of demand the fees will be decreasing. Today, Bitcoin ATMs emerge in all big cities of the world. For example, an ATM has been recently installed in Pristina, the capital of partially recognized Kosovo state.

Buy a ticket
Meet new speakers and key news of the conference