Look what I found, A Bitcoin ATM at "The D Las Vegas Casino". I was surprised that you can pay for things in Bitcoins at the front desk, gift shop, restaurants and other places inside of the casino. 🎰🎲
The only thing that you couldn't do was use Bitcoins to gamble, don't get me wrong... I did try and they said no 🤣😂
The transaction is pretty fast, however the only bad thing was the high fees. The word on the street is that every single Casino in Las Vegas will soon have Bitcoins Machines. 🙌🏼
It's pretty exciting times for cryptocurrencies, here are some pictures of the Bitcoin Machine and like usual... I had to do the "Charles Fuchs" pose lol: ♂️
It is great to see bitcoin being used in different places such as casinos and being adopted by many as they realise it is the future. I'm loving the look of that Bitcoin ATM. There isn't many around where I live and it seems pretty convenient. One day we will be able to rock up to a casino and start gambling with bitcoin. I don't understand why they don't accept it now but I guess an atm is a step forward. They could be swimming in money as bitcoins price rises dramatically throughout the years
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so how exactly do those work? That's something I've been wondering...
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I've been interested in seeing one. Thanks for the pictures. How much is the fee they charge?
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@harbringer50 , @thebul
Current worldwide average bitcoin ATM fee is 8.4% for buying bitcoins from machines, and 5.4% for selling bitcoins for cash.
USA is the largest market with 520 (58% of all worldwide) bitcoin ATMs installed in the country.
Canada is the second largest market with 135 (15%) bitcoin ATMs installed in the country.
United Kingdom is the third largest market with 46 (5%) bitcoin ATMs installed in the country.
Lamassu and General Bytes operators charge on average similar fee ~6.5%, and General Bytes operators fee distribution is more dense around the mean value. Then there are Bitaccess machines with ~7.5% on average. The most expensive to use are Genesis Coin machines with an average of 11% buy bitcoin fee.
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