As Bitcoin becomes increasingly popular, more and more people expect to be able to spend Bitcoin at merchants, or at least withdraw regular currency from a Bitcoin ATM anywhere in the world.
Bitcoin makes this super convenient, since, if traveling between countries, you don’t need to mess with costly currency exchanges or waiting at banks. Your BTC is good anywhere in the world that you can spend or withdraw it to regular currency (fiat).
If you’re traveling to Newfoundland, you may be wondering if you can spend Bitcoin and other cryptocurrencies, or at least withdraw Canadian dollars to spend.
While the answer is yes, there are some things you should know.
Because Newfoundland’s population is lower than other Canadian provinces, and we’re somewhat isolated, it takes a bit longer for new tech to be adopted.
While some countries in the world, like Japan, have seen widespread adoption of Bitcoin, the same cannot be said for all other areas. Within Canada, Newfoundland was the last province to get a Bitcoin ATM, and therefore we are trailing with adoption. Newfoundland finally got its very first Bitcoin ATM in October 2017, located at The Fifth Ticket Restaurant on Water Street in downtown St. John’s.
After the restaurant closed, that ATM eventually moved to a new location not far away to Yes B’ys bar on Queen Street (right next to George Street) in downtown St. John’s.
There are 2 more Bitcoin ATMs on the Avalon as well. One is located at Peter’s Pizza 405 Torbay Road, and the other is at Hooligan’s Sports Bar 538 Conception Bay Highway. There is also one in Labrador.
We are not aware of any merchants accepting Bitcoin directly at this time.
Newfoundland Bitcoin ATM Map
Another great way to check the status, fees, and most up-to-date info on Newfoundland ATMs is to check out Coin ATM Radar.