REAL ESTATE AND CRYPTOCURRENCY

Can You Buy a House with Bitcoin?

Yes, in many countries you can buy a house, a building, a business, a tiny home, or other real estate properties with Bitcoin, Ethereum, Solana, or other popular cryptocurrencies. Buying real estate with cryptocurrency has been done many times across the country and across the world, and is done all the time now as it is gaining in popularity.

What is Cryptocurrency?

Cryptocurrency is a digital currency that is secured by cryptography, which makes it almost impossible to counterfeit. Most cryptocurrencies are decentralized networks based on blockchain technology, which is a distributed ledger enforced by a network of computers. The point of cryptocurrency is that it can gain in value, sometimes by a lot, if you buy in at the right time. It is pretty much an instant transfer of money, when you transfer cryptocurrency to the another person or entity.

How Do I Buy Cryptocurrency?

You can buy cryptocurrency on a crypto exchange website. Typically on a cryptocurrency exchange, you have a crypto wallet, which means that your cryptocurrency is stored securely on your profile in your crypto wallet. You will need to join a cryptocurrency exchange website where you can buy and sell cryptocurrency, have your own online cryptocurrency wallet, and it is also an NFT Marketplace where you can create, buy, and sell NFTs.

Can You Buy A House As An NFT?

A Non-fungible token or an NFT, is a token issued on a blockchain, similar to a cryptocurrency. NFTs are commonly used to sell digital art, music, videos, games, and more. You can also create NFTs for physical objects, like Real Estate. Though the NFT side of this is to gain attention to the sale, and have the auction price increase to make more money due to the level of interest that the property would receive because of the additional exposure the listing would have as NFTs are gaining in popularity, and the NFT marketplace sites are loaded up with people wanting to buy NFTs. Although, in a property transaction, you would still need to follow the standard sales, title, and other legal processes that are required to complete a real estate, business, or financial transaction. Read more about NFTs here.

How Do I Buy and Sell Real Estate Using Cryptocurrency?

To buy real estate using cryptocurrency, you have to find companies that are willing to perform a cryptocurrency transaction. The main company here would be the title company as they will accept the payment in the escrow account just like they would do this for cash or loan type transaction.

Crytocurrency Real Estate Process

Step 1 - Join a CrytoCurrency Exchange

The first step is to join a cryptocurrency exchange website, create an account, and get your cryptocurrency wallet. Read more about this step on our NFT Transactions Ultimate Guide page.

Step 2 - Buy or Trade Cryptocurrency

Now that you have a profile on a cryptocurrency exchange website, you will want to fund your account and buy cryptocurrency. If you don’t know your purchase price for the real estate, house, tiny house, business, or investment, you may want to wait until you know how much cryptocurrency you need. For you to want to use cryptocurrency for this purchase, or investment, you probably already have cryptocurrency that you are ready to use for this transaction.

Step 3 - Choose A Business Broker & Real Estate Agent

Business brokers are a great resource to find the perfect business as they regulary research the business market, so they know what’s available, what types of questions to ask, and how to ask those questions so that you learn exactly what you need to learn from their response. A commercial Real Estate Agent, and Business Broker, Michelle Mendenhall is a member of the IBBA (International Business Brokers Association), a Certified Business Broker, and a Commercial Real Estate Specialist. Visit her website at LocalGirlGoesCommercial.com

Step 4 - Find a Title Company That Can Do Cryptocurrency

Real Estate transactions still have to follow all standard documentation and legal requirements, including working with a title company for the transaction. You will want to find a title company that can accept, and has experience accepting cryptocurrency for buying and selling real estate.

Step 5 - Begin Your Property Search

Now comes the fun part, working with your real estate professional to locate the perfect house, tiny house, business, or investment opportunity to buy. Your real estate professional can help you find the perfect one for you.

Step 6 - Submit Your Cryptocurrency Real Estate Offer

Now that you have found the perfect piece of real estate, you can work with your real estate professional to make an offer, and buy this piece of real estate.

Step 7 - Tying It All Together

Now is the part that can have many variables. If your title company can do transactions in cryptocurrency, the next step is letting your agent and the other professionals tie it all together. There may be some converting of the cryptocurrency back into USD, for the transaction to complete. The legal documentation will all be completed and finalized during this stage as per standard processes and legal requirements.

Step 8 - Options For A Cryptocurrency Real Estate Transaction

If your title company can do the cryptocurrency transaction, there may be a cost associated with the transaction, or if the cryptocurrency needs to be converted to USD. It’s important to talk to tax and other legal representatives to fully understand any tax implications or documentation requirements, etc.

NFT Creativity Services

NFT Additional Reading

News Article for first home sold as an NFT

Buy Gift Cards Using CryptoCurrency

Over 1500 Gift Card options available to be purchased with Bitcoin or other Cryptocurrency. Spend Bitcoin, Litecoin & other cryptocurrencies to buy gift cards like Amazon, eBay, Xbox and many more. Enjoy instant email delivery 99,9% of times, no matter what cryptocurrency you use to buy them. Their service is fast and secure. Visit the CoinGate Cryptocurrency Gift Card Store for more info. At ViralStudioX, we highlight products and services that you might find interesting. We frequently receive free products from manufacturers to test. If you click a link on this page, then go on to make a purchase, we might receive a commission – at no extra cost to you, and does not impact the purchase price of any products that you may purchase. The infromation on this site is our opinion based on research. You should always engage with a legal and financial expert for any potential investment opportunity, or real estate transaction.