B) Use a Bitcoin ATM Machine Some cities offer Bitcoin ATMs where you can use cash to buy bitcoin directly to your wallet without using an exchange. Here’s a map of all Bitcoin ATM locations. Feel free to see if there’s one in your city: https://coinatmradar.com. In Las Vegas, for example, visitors who want to play slot games at a physical casino, for example, can use a Bitcoin ATM or transaction software like Bitpay with their digital wallets to convert their cryptocurrency to a form of legal tender recognized by the US Department of the Treasury.
Bitcoin is a form a currency created in 2009. This kind of currency is different and has become big business with each unit rising to a value around $3,000. If you’re not familiar with bitcoin it’s a form of cryptocurrency. This type of currency was named because of encryption that’s used to regulate the every unit available and its transfer. Bitcoin and other digital currencies are verified online and operate independently of a central bank like traditional currency.
Bitcoin has taken off in popularity around the world. As you would expect Las Vegas was keen to hop on board the popular trend. The first Las Vegas casino to embrace bitcoin was The D in downtown Las Vegas. In 2014, The D partnered with Robocoin, a bitcoin ATM network, to place a bitcoin ATM (AKA BTM) inside its casino.
The downtown Las Vegas casino and its sister property, Golden Gate, take hotel room reservations in bitcoin. Business with bitcoin in Las Vegas is relatively slow. Earlier this year the Las Vegas Sun reported that American Coney Island at The D sold their famous chili dogs via bitcoin every “5 or 6 months.” That’s not quite bitcoin mania but it’s nice that you can get a couple hot dogs in a Las Vegas casino using bitcoin.
The use of bitcoin all around Las Vegas hasn’t spread as rapidly as speculators hoped either. Locations that accept bitcoin are limited. You can find a bitcoin ATM to buy or sell the cryptocurrency in a few casinos.
The Plaza, Lucky Dragon, and aforementioned Golden Gate and The D Las Vegas each have a bitcoin ATM. You can also find a bitcoin ATM attached to Planet Hollywood. There’s a bitcoin ATM located at Ketchup Premium Burger Bar at the Miracle Mile Shops attached to the casino.
The bitcoin ATM’s may be on different networks that have different buy and sell rates and different daily limits. You can plan and budget a trip to Las Vegas by visiting Bitcoin Price to find the current price of bitcoin. This site also compares bitcoin to gold, silver, ethereum and the S&P 500 so you can decide how to fund your trip.
If you’re looking for somewhere outside of a casino in Las Vegas to spend your bitcoin you can visit the Legends Room. This new adult club is considered a world class Las Vegas gentlemen’s cabaret re-imagined using blockchain technology. The Legends Room is less than a mile from the Vegas Strip and accepts bitcoin for all club services.
Las Vegas is a small city. While this is a party town for visitors, the business side of things is relatively conservative. As bitcoin increases in popularity throughout the world, it will more accepted in Las Vegas. In the meantime, you’ll be able to use bitcoin in just a few locations around Las Vegas.