If you’ve been keeping up with the latest finance news, then you’ve probably heard about bitcoin several times. It seems as if everyone’s talking about it right now and for good reason. Bitcoin has been on an uptrend the past couple of months, garnering the attention of tons of investors. It also presents an excellent opportunity to let your money do the work for you. Be sure to keep reading to learn what bitcoin is and where to buy in Las Vegas, Nevada.
What Is Bitcoin?
Of course, you wouldn’t want to invest your money on something you’re not knowledgeable about. What you should understand is that bitcoin is a digital currency you can use to purchase products and services. It basically serves the same function as paper money, but there’s one huge difference that prompts a lot of people to consider bitcoin as the future of money.
What makes bitcoin unique is that it is decentralized. This means that no central authority or institution regulates it. When you go through transactions using bitcoins, you don’t have to worry about banks and the government. This alone will save you a lot on unnecessary fees. Even banks across the globe are looking into how they can incorporate bitcoin into their systems to reduce their overall expenses.
Another benefit to using bitcoin is that transactions will be anonymous. This is an interesting selling point, considering the rise of identity theft and other forms of fraud attacks online these days.
Making Money With Bitcoin
One of the biggest reasons for the increase in popularity of bitcoin is the enormous earning potential it presents to investors. As of the time of writing, a bitcoin is equivalent to more than $2,000. To put that into perspective, a bitcoin is worth more dollars compared to an ounce of gold!
That may sound crazy for the majority of people new to the world of cryptocurrency, but it only goes to show the potential of bitcoin. You can take advantage of this opportunity by converting your dollars into bitcoins and letting it grow in value over time.
Now that you know the many benefits of using bitcoin, it’s time to learn where you can get them. The good news is that acquiring bitcoins isn’t as complicated as you might think. In Las Vegas, NV there are plenty of places where you can purchase bitcoins and have them in your digital wallet almost instantly.
Where To Buy Bitcoin In Las Vegas?
For most beginners, a good starting point is to look for websites where you can buy and sell bitcoins. Most of these platforms also serve as a bitcoin wallet, allowing you to keep your bitcoins safely. You can find several such websites with a quick online search, but make sure you do ample research to weed out the ones not worthy of your trust and time.
The thing about bitcoin-selling websites is that most of them put a fee on top of your purchase. Of course, they need to make money, thus the transaction fee. In most cases, expect to pay 10% or more of the actual selling price of bitcoins. This is also the price you pay for convenience. Different payment options are accepted including wire transfer. Some even accept PayPal payments.
If you want to save money, you can purchase from another person. Preferably, you’d want to buy bitcoins from somebody you know and trust. But bitcoin isn’t quite mainstream yet. You may not know friends or family members who have invested in bitcoins already. In such a case, you can turn to websites that connect buyers and sellers.
These websites are not entirely safe to use, as you can’t eliminate the possibility of getting scammed completely. Make it a point to only purchase from users who have done a lot of transactions with 100% positive rating. That serves as your guarantee that you won’t get ripped off. The primary benefit of buying from another person is that you can usually get a much lower price.
You can buy bitcoins easily in Las Vegas, NV. The only thing to remember is to do your due diligence instead of simply trusting any website or vendor you come across online. Also, keep in mind that investing in bitcoin comes with a risk, just like how you can lose money in the stock market. Be prepared to do a lot of research on bitcoins and other alternative cryptocurrencies to know how they work and whether the future looks promising for them.
Disclaimer: I am not an economist or a financial adviser.