LocalCoin Crypto ATM Review | Bitcoin ATMs in New Zealand (2025)
Localcoin has rapidly emerged as one of the largest cryptocurrency ATM providers in NZ, bringing their established North American network to Kiwi shores. If you've recently walked through Auckland, Wellington, or Christchurch, you've likely noticed their distinctive bright yellow Bitcoin ATM terminals strategically placed in convenient locations.
This guide is regularly updated with the latest information on Localcoin's expanding network, fee structures, and user experience. For broader context on all Crypto ATM options in NZ, we recommend also checking our comprehensive Crypto ATMs NZ guide.
For Kiwi traders, several factors merit consideration when evaluating Localcoin. The platform provides convenient access to cryptocurrency purchases through physical ATM locations, making it an accessible option for those new to crypto or preferring in-person transactions.
What is Localcoin?
Company Background and New Zealand Expansion
Localcoin is a Canadian-based Bitcoin ATM network founded in 2017 with the mission of making cryptocurrency accessible to everyone, regardless of technical expertise. With over 950 ATMs deployed across Canada, they've established themselves as a trusted provider in North America before expanding their international presence to New Zealand.
The company began their New Zealand operations in early 2024, strategically installing machines in high-traffic areas across major urban centers. Their rapid expansion demonstrates their commitment to the New Zealand market, with dozens of machines now operational throughout the country.
Localcoin is fully registered with AUSTRAC (Australian Transaction Reports and Analysis Centre), which oversees anti-money laundering and counter-terrorism financing regulations for both Australia and New Zealand.
How Localcoin Fits in the Cryptocurrency Ecosystem
Localcoin's primary service allows everyday users to buy or sell cryptocurrencies using physical cash. Their self-serve terminals function similarly to standard ATMs, except instead of withdrawing cash from a bank, you're either purchasing or cashing it out.
- • Newcomers to cryptocurrency seeking a familiar transaction method
- • People without access to traditional banking services
- • Those who prefer cash transactions for privacy reasons
- • Travelers looking to convert between currencies quickly
- • Investors wanting immediate access to their crypto assets
The company's expansion into New Zealand reflects the growing global demand for accessible cryptocurrency services and provides Kiwis with more options for entering the crypto market beyond online exchanges.
How Localcoin ATMs Work
The Technology Behind Bitcoin ATMs
Localcoin ATMs are sophisticated machines that connect the physical world of cash with the digital realm of crypto. Each terminal contains specialized hardware and software that enables secure transactions between these two distinct systems. The machines feature:
- • High-resolution touchscreens for user interaction
- • Secure bill validators that can process multiple NZD denominations
- • QR code scanners for reading wallet addresses
- • Receipt printers for transaction confirmation
- • Secure internet connections to process transactions on the blockchain
- • Multiple security features including cameras and tamper-proof hardware
These components work together to create a seamless experience that resembles using a traditional ATM while actually performing complex crypto transactions behind the scenes.
Step-by-Step Transaction Process
Using a Localcoin ATM is designed to be intuitive even for complete beginners. The process follows a logical flow that guides users through each step:
- 1. Select Transaction Type: Choose whether you want to buy or sell cryptocurrency
- 2. Identity Verification: For first-time users, provide your mobile number to receive a code
- 3. Choose Crypto: Select which digital asset you wish to purchase (Bitcoin, Ethereum, etc.)
- 4. Wallet Connection: Scan the QR code from your crypto wallet where you'll receive funds
- 5. Insert Cash: Feed NZD notes into the machine (for buying crypto)
- 6. Confirm Transaction: Review the details including exchange rate and fees
- 7. Complete Transaction: Receive digital assets to your wallet (usually within minutes)
For selling cryptocurrency, the process is similar but reversed – you'll send crypto from your wallet to the ATM's address and receive cash from the machine once the transaction is confirmed on the blockchain.
Behind the Scenes: How Transactions Are Processed
When you use a Localcoin ATM, several processes occur simultaneously:
- 1. Exchange Rate Determination: The ATM connects to multiple cryptocurrency exchanges to establish the current market rate
- 2. Fee Calculation: Localcoin's service fee is added to the transaction
- 3. Blockchain Interaction: Your transaction is broadcast to the relevant network
- 4. Confirmation Process: The network validates your transaction through a process
- 5. Settlement: Once confirmed, the crypto is transferred to your wallet or cash is dispensed
This entire process typically takes between 10-30 minutes for Bitcoin transactions, depending on network congestion and the fee level selected. Other cryptocurrencies may have different confirmation times based on their respective blockchain protocols.
Localcoin ATM Locations in New Zealand
Auckland Region
Localcoin has established a strong presence in Auckland, with multiple ATMs strategically placed throughout New Zealand's largest city. You'll find their machines in:
- • Auckland CBD: Multiple locations including Queen Street, Customs Street, and K Road
- • North Shore: Albany, Takapuna, and Glenfield areas
- • West Auckland: Henderson, New Lynn, and Te Atatu
- • South Auckland: Manukau, Papakura, and Takanini
- • East Auckland: Botany, Howick, and Pakuranga
Notable locations include major shopping centers, convenience stores, and gas stations with extended operating hours. The Auckland CBD machines typically see the highest traffic, with the Queen Street location operating 24/7 for maximum accessibility.
Wellington Region
Wellington residents can access Localcoin ATMs in several convenient locations:
- • Wellington CBD: Lambton Quay and Cuba Street
- • Lower Hutt: High Street and Queensgate Shopping Centre
- • Porirua: North City Shopping Centre
- • Upper Hutt: Main Street
The Wellington CBD locations are particularly popular with both locals and tourists, offering easy access to cryptocurrency in the nation's capital.
Christchurch and Canterbury
Localcoin's expansion into the South Island includes several ATMs in Christchurch:
- • Christchurch Central: Cashel Street and Colombo Street
- • Riccarton: Westfield Riccarton
- • Hornby: The Hub Hornby
- • Rangiora: High Street
Company Evolution Timeline
Coins Supported by Localcoin ATMs in NZ
Bitcoin (BTC)
Bitcoin remains the primary cryptocurrency offered at all Localcoin ATMs in New Zealand. As the original and most recognized cryptocurrency, Bitcoin transactions account for approximately 70% of all Localcoin ATM usage in New Zealand. All Localcoin machines support both buying and selling Bitcoin, making it the most versatile option for users.
Ethereum (ETH) and Major Altcoins
Beyond Bitcoin, Localcoin ATMs in NZ support several major alternative cryptocurrencies:
Ethereum (ETH)
- • Available for purchase at all locations
- • Selling functionality available at select ATMs (primarily in Auckland and Wellington)
- • Minimum purchase of $50 NZD
- • Support for both legacy and ERC-20 compatible wallets
Litecoin (LTC)
- • Available for purchase at all locations
- • Selling available at approximately 60% of locations
- • Known for faster transaction times than Bitcoin
- • Lower network fees than Bitcoin or Ethereum
Dogecoin (DOGE)
- • Available for purchase at most locations
- • Popular among first-time crypto buyers
- • Lower minimum purchase amount ($30 NZD)
- • Not available for selling at most locations
Fees, Limits & Verification Requirements
Localcoin ATMs in New Zealand operate on a fee-based model that combines several components to cover operational costs, liquidity spread, and blockchain settlement.
Here's a full breakdown of how the transaction fee structure works:
Important Fee Information
All crypto ATMs in New Zealand – Localcoin included – tend to come with noticeably higher fees than online exchanges. This is largely due to the added convenience, cash-handling infrastructure, and instant settlement they offer. While they provide a quick and easy on-ramp for beginners, users should always weigh the cost against other buying options.
Transaction Fee Structure Explained
Localcoin applies both a flat fee and a service fee when buying crypto. Based on current 2025 rates from Localcoin's support documentation and their internal fee table:
Service Fee (Buy): 19% flat percentage across supported cryptocurrencies.
Flat Fee (Buy): Ranges from $1.00 to $4.00 NZD depending on the cryptocurrency.
For example:
- BTC: $4.00
- ETH: $3.00
- DOGE, USDT, USDC: $3.00
- LTC, SHIB: $2.00
- XRP, ADA: $1.00
These fees are included in the price shown on the screen at the time of purchase. Users should expect slightly higher-than-market pricing due to this structure.
For full information about Localcoin's fees view their page here.
Fee Structure Examples
Bitcoin (BTC)
Ethereum (ETH)
Litecoin (LTC)
Localcoin vs Other Bitcoin ATM Providers in NZ
Localcoin vs CoinFlip/Olliv
Localcoin has higher fees (19% & 6%) than CoinFlip's (16.99 & 6%). Their customer support is more responsive across multiple channels. Localcoin's interface is more intuitive with clearer instructions for beginners. They have lower minimum transaction amounts and better availability in suburban and regional areas.
CoinFlip has a larger ATM network with better coverage in high-traffic urban locations. Their verification process is slightly faster. Sell functionality is more consistently available across their network. They have operated longer in NZ with greater brand recognition.
Localcoin ATMs have larger screens with more detailed instructions. Their tiered verification approach offers more flexibility for smaller transactions than CoinFlip's mandatory ID for transactions over $500. Localcoin provides more comprehensive receipts. CoinFlip has secured premium locations in high-traffic areas.
Most users choose based on location convenience and specific cryptocurrency needs. Localcoin generally offers better value for those who can access their ATMs.
Localcoin ATMs vs Online Exchanges
While Localcoin ATMs offer a simple way to purchase cryptocurrency using physical cash, they're not the most efficient or cost-effective method for most users. Even though many assume these machines allow fully anonymous purchases, the reality is more complex.
Localcoin requires users to verify their identity. This erodes the perceived privacy advantage, especially when coupled with fees that can exceed 19% including spreads.
In contrast, online cryptocurrency exchanges provide a significantly more streamlined experience with far lower costs. Platforms like Binance and Easy Crypto charge between 0.5% to 2% per trade, support a much wider range of cryptocurrencies, and allow users to place advanced orders with tighter market spreads.
These platforms are more suited for regular investors, budget-conscious users, and anyone seeking better control over their assets. Trades can be made instantly from anywhere without needing to locate a machine or handle cash, and most offer 24/7 support, app-based tracking, and robust compliance systems.
That said, ATMs like Localcoin still have a role – primarily for people who need to convert physical cash into crypto quickly, or for those who are unbanked or traveling. But for the majority of Kiwis, setting up a secure wallet and using a trusted online exchange will offer greater flexibility, better rates, and more features in the long run.
Security and Privacy When Using Localcoin ATMs
Transaction Security Features
Localcoin implements multiple security measures to protect users and their transactions:
Physical Security:
ATMs are installed in high-visibility locations with surveillance. Machines are physically secured to prevent tampering. Security cameras monitor the ATM and surrounding area. All access points have tamper-evident seals for immediate detection of interference attempts.
Digital Security:
All communications use end-to-end encryption. ATMs maintain secure connections to Localcoin's servers. Regular security audits and penetration testing verify system integrity. Real-time monitoring flags suspicious activity, with automatic alerts for unusual transaction patterns.
User Authentication:
Higher-value transactions require multi-factor authentication. Biometric verification is used where required by regulations. Session timeouts prevent unauthorized access if users walk away. Secure SMS verification confirms user identity without excessive complexity.
Personal Safety Tips When Using Bitcoin ATMs
Location Awareness:
Use ATMs in well-lit, public areas. Stay aware of your surroundings before and during transactions. Bring a trusted companion for large transactions. Trust your instincts if something feels wrong, leave immediately and find another location.
Transaction Privacy:
Shield the screen when entering sensitive information. Be discreet when handling cash or displaying wallet information. Avoid discussing transaction details where others can hear. Consider using ATMs during less busy times.
Digital Security:
Never share your wallet recovery phrase with anyone. Use only secure, private internet connections when accessing your wallet. Enable all security features on your mobile device. Consider using a dedicated device for cryptocurrency transactions if you make frequent or large trades.
Scam Prevention:
Be wary of strangers offering to "help" with your transaction. Legitimate Localcoin staff never ask for wallet information or approach you at ATMs. Ignore anyone claiming they can offer better rates outside the ATM. Report suspicious behavior immediately to store staff or Localcoin support.
How to Identify and Avoid Common Scams
Payment Scams:
Red Flag: Someone calls claiming to be from a government agency, utility company, or tech support demanding payment via Bitcoin.
Protection: Legitimate organizations never request payment through cryptocurrency ATMs. Government agencies and utilities send written notices and offer multiple payment options.
Investment Scams:
Red Flag: Promises of guaranteed returns or investment opportunities requiring Bitcoin deposits.
Protection: Legitimate investments don't require cryptocurrency ATM transactions. Real investments come with proper documentation and reasonable return projections.
Romance Scams:
Red Flag: Online romantic interest quickly asks for financial help via Bitcoin.
Protection: Never send cryptocurrency to someone you haven't met in person. Legitimate romantic interests don't ask for financial assistance.
"Helper" Scams:
Red Flag: Someone at the ATM offers to help complete your transaction.
Protection: Decline assistance from strangers. Legitimate Localcoin representatives never approach customers at ATMs.
Remote Access Scams:
Red Flag: Someone asks you to share your screen or install software while using a Bitcoin ATM.
Protection: Never allow remote access to your devices during cryptocurrency transactions. Legitimate ATM operations never require screen sharing or software installation.