Ways That Vegas is Profiting from Cryptocurrencies

May 28, 2018 by Adrian Thorpe

Bitcoin in VegasAs somebody who may enjoy gambling, then one part of the world you are probably going to want to visit at one time or another is Las Vegas. If you are also a cryptocurrency user, then you are certainly going to find you can both buy and sell any cryptocurrency very easily when in Nevada!

However, being the gambling Mecca of the world, you are probably wonder if Vegas has been chasing in or trying to cash in on the huge number of people investing in cryptocurrencies, and the simple answer to that is yes, they have!

I am currently staying in Vegas and decided to see how easy it would be to both buy and sell Bitcoin whilst visiting. I do have to report that one thing that is very noticeable throughout Las Vegas are the huge number of ATM’s that will allow you to instantly turn your Bitcoin into cold hard cash.

In fact, if you do have a winning session you are also going to be able to turn your cash into Bitcoin when using one of those ATM’s, so that is something worth keeping in mind if you are planning a trip to Las Vegas or the surrounding areas, as you will very easily be able to get Dollars or Bitcoin from one of those ATM’s.

They are even positions on the gaming floors of some casinos and casino resorts, so you are not going to have to visit some seedy back street location to use them!

Person to Person Exchanges

I also decided to see if there were any people in Vegas who would be prepared to do a person to person transfer, for that can often be a much more cost-effective way to buy and sell cryptocurrencies, rather than using a Bitcoin ATM or a digital currency exchange.

I didn’t take me long to find one of the many matching services online that allow you to enter your zip code or postal code and then be matches up with someone who is prepared to meet up with your to either buy or sell Bitcoin.

I entered my location and there were over 250 people nearby who did want to perform an exchange. So, you are always going to find more than enough people willing to do such an exchange with you in Vegas.

But what I would always advise you to do if you do decide for that option to either buy or sell cryptocurrencies on the spot is to perform the transaction somewhere safe and secure.

Probably the very best location you could choose would be in a quiet bar or café in the casino you are staying in, as that way there will be plenty of people and much more importantly security people around, and every part of a casino is being caught and filmed on camera, so if anything does happen when you are performing such an exchange it will be on film!

Using a Bitcoin Prepaid Debit Card

There is however a much easier way that you can carry your Bitcoin around with you in places such a s Las Vegas, and always be able to access the value of that cryptocurrency in local currency and that is by you making use of one of the many services that offer a Bitcoin prepaid debit card.

They way in which they work is that you have your Bitcoin stored in an account linked up to that debit card and then when and wherever you do need to access fiat currency you simply use your prepaid debit card to do so.

By using such a service, you are always going to have the peace of mind in knowing that you are getting the spot rate for your Bitcoin, and you are always going to be able to choose for yourself just how much of your Bitcoin holdings you do turn into local currency no matter where you are.

In fact, Revolut which is a brand new digital bank will allow you to trade on the value of Bitcoin from their mobile banking app and at any time of your own choosing use your debit card linked up to their digital bank account to access your funds.

You can also send money to other bank accounts if you desire and you even get free medical travel insurance when you upgrade your account to a Premium one, which is handy if you are visiting Las Vegas from another county!