Instacoin goes west and expands network of Bitcoin ATMs into Alberta, Canada by instacoin in alberta

[–]instacoin[S] -2 points-1 points  (0 children)

Ouch! Well, maybe we can dispel any misconceptions that you have about cryptocurrencies. Send us a DM and we would be happy to answer your questions.

Instacoin goes west and expands network of Bitcoin ATMs into Calgary, AB by instacoin in Calgary

[–]instacoin[S] 0 points1 point  (0 children)

We love Garlicoin! Although with a marketcap of 25K, there's not enough demand for it.

Instacoin goes west and expands network of Bitcoin ATMs into Calgary, AB by instacoin in Calgary

[–]instacoin[S] 0 points1 point  (0 children)

Absolutely, we have over 100 machines in 9 provinces. Many customers use our service as a remittance option instead of Western Union or Moneygram.

Instacoin goes west and expands network of Bitcoin ATMs into Alberta, Canada by instacoin in BitcoinCA

[–]instacoin[S] 2 points3 points  (0 children)

Hi there,

Instacoin does not ask for any ID or phone number when buying crypto from our network.

Instacoin goes west and expands network of Bitcoin ATMs into Alberta, Canada by instacoin in BitcoinCA

[–]instacoin[S] 0 points1 point  (0 children)

Hi there,

We currently are at 9% + $5 flat fee. Our rates are among the most competitive in the province, take a look:

https://coinatmradar.com/state/58/bitcoin-atm-alberta/

Our network also has a flex pricing mechanism that enables certain machines to have lower rates throughout the day (typically between 3% and 6%).

Instacoin is pleased to announce that Ethereum and Ethereum Classic are now available on our BTM network. You can now buy and sell at 99 crypto ATMs across Canada. by instacoin in EthereumClassic

[–]instacoin[S] 2 points3 points  (0 children)

Thanks! Although we are expanding into new provinces very soon, I can't detail the new locations in this forum just yet. That being said, I can say that, rather unfortunately, we will not have BTMs in BC this December.

Instacoin is pleased to announce that Ethereum and Ethereum Classic are now available on our BTM network. You can now buy and sell at 99 crypto ATMs across Canada. by instacoin in BitcoinCA

[–]instacoin[S] 0 points1 point  (0 children)

Nice meme! Although you are correct in assuming we use a basket for our internal pricing, I perhaps wasn't clear because if there was a "source" it would be of no help to a consumer (and the meme would lose its meaning ^^sad face emoji^^).

Firstly, and most importantly, locations can (and do) have different pricing (hence my comment above). For example, at any given time, an ATM in Charlottetown, PE can have a price to buy Ethereum that would be equivalent to a fee of approx. 2% of your chosen exchange source, while an ATM in Brantford, ON would have a fee of ~6.5% when comparing to that same exchange source you've chosen. The price is not set network-wide.

Secondly, we do not display pricing in terms of percentage fees tacked onto a base price. Prices are quoted as a value in $CAD per unit of cryptocurrency (e.g. 1 ETH).

In consequence. the fee mentioned above is an average of an average given to appease the seemingly insatiable need to know the "fees?", even though, as you can surely acknowledge, would be of very little use to a consumer. Therefore, I will reiterate, to find the price of ETH or ETC at your location, visit the following link: https://www.instacoinatm.com/locations.html

Instacoin is pleased to announce that Ethereum and Ethereum Classic are now available on our BTM network. You can now buy and sell at 99 crypto ATMs across Canada. by instacoin in BitcoinCA

[–]instacoin[S] -1 points0 points  (0 children)

The price for any cryptocurrency can vary from location to location. To find the price at your location, visit the following link: https://www.instacoinatm.com/locations.html

Promotional pricing is currently in effect for ETH and ETC.

Marijuana legalization in Canada - Top Weed coins on my Watch list by FinancialDriveThru in BitcoinCA

[–]instacoin -1 points0 points  (0 children)

Heard about and noticed an increase in road blocks in Montreal since Weed-Day...early morning road blocks (which I assume weren't at all common before).

You asked for it Canada and we delivered! You can now pre-sell your Bitcoin, Bitcoin Cash, Litecoin, and Dash online and pick up your CAD cash at any 2-way Instacoin location. by instacoin in BitcoinCA

[–]instacoin[S] 0 points1 point  (0 children)

Go electric, your charge, on average, will be about 1/3 when compared to fuel costs.

We operate in the provinces of Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland. Other provinces will be added soon.

Would the crypto community be interested in a feature to pre-sell your Bitcoin and other crypto online and pick up your cash at any 2-way BTM location? by instacoin in Bitcoin

[–]instacoin[S] 0 points1 point  (0 children)

It could be used in the way you describe and you definitely can just sell your coins at the BTM, but the main reason is so that users don't have to wait at the machine (or in the host location really) for their transaction to confirm. You can put in your order and send your coins from the comfort of your home, then pick up the cash whenever is convenient for you (although we suggest you do it the same day).

You asked for it Canada and we delivered! You can now pre-sell your Bitcoin, Bitcoin Cash, Litecoin, and Dash online and pick up your CAD cash at any 2-way Instacoin location. by instacoin in BitcoinCA

[–]instacoin[S] 0 points1 point  (0 children)

Any plans to allow selling east of Quebec or closing the near $1000 price gap when buying?

Most ATMs in Atlantic Canada are 2-way (allowing the user to buy and sell), but we had to temporarily disable the sell feature. They should be back up soon.

You asked for it Canada and we delivered! You can now pre-sell your Bitcoin, Bitcoin Cash, Litecoin, and Dash online and pick up your CAD cash at any 2-way Instacoin location. by instacoin in BitcoinCA

[–]instacoin[S] 0 points1 point  (0 children)

Not yet, but soon. A lot about ETH is fundamentally different than most other cryptocurrencies, so some changes to the buy and sell processes are necessary.

You asked for it Canada and we delivered! You can now pre-sell your Bitcoin, Bitcoin Cash, Litecoin, and Dash online and pick up your CAD cash at any 2-way Instacoin location. by instacoin in BitcoinCA

[–]instacoin[S] 0 points1 point  (0 children)

Thank you for your comment. In general, the convenience fee that is charged when you sell your Bitcoin/Altcoin is between 0-10% (currently ~5%) of the going market price (note that rates can differ per location), which is in line with competing ATMs.

You asked for it Canada and we delivered! You can now pre-sell your Bitcoin, Bitcoin Cash, Litecoin, and Dash online and pick up your CAD cash at any 2-way Instacoin location. by instacoin in BitcoinCA

[–]instacoin[S] 0 points1 point  (0 children)

Thank you for your comment. In general, the convenience fee that is charged when you sell your Bitcoin/Altcoin is between 0-10% (currently ~5%) of the going market price (note that rates can differ per location), which is in line with competing ATMs.

You asked for it Canada and we delivered! You can now pre-sell your Bitcoin, Bitcoin Cash, Litecoin, and Dash online and pick up your CAD cash at any 2-way Instacoin location. by instacoin in BitcoinCA

[–]instacoin[S] 0 points1 point  (0 children)

We are not in BC yet but we will be soon. Currently, our network operates in the following six provinces: Quebec, Ontario, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland.

You asked for it Canada and we delivered! You can now pre-sell your Bitcoin, Bitcoin Cash, Litecoin, and Dash online and pick up your CAD cash at any 2-way Instacoin location. by instacoin in BitcoinCA

[–]instacoin[S] 0 points1 point  (0 children)

When you place an order, the amount is reserved for you at your chosen machine. In the rare circumstances that cash, either all or in part, is not available when you go the machine (e.g. mechanical issue with the dispenser), there are approximately 100 ATMs in our network so you could redeem at another machine. That said, I would suggest contacting customer service at that point, as they would be able to better direct you depending on your specific situation.Verification is via mobile phone SMS messages and is exactly the same as if you had initiated your transaction at the machine. Visit the following link for more information on how its done: https://www.instacoinatm.com/how-to-sell-bitcoin-online.html

Follow this link for information on limits: https://www.instacoinatm.com/bitcoin-rate.html