You invested in crypto a few years ago, and it appreciated in value. It’s time for you to buy a home. No need to suffer the headache of cashing out your crypto. You can now simply buy your home with crypto directly from your digital wallet.
The Main Benefits of Buying Real Estate With Crypto
You might ask yourself, “why would I want to buy a property with cryptocurrency?”, and there are many reasons. Cryptocurrency no longer solely serves as an investment opportunity; it now functions for much more than that. Cryptocurrency is currently the fastest-growing consumer segment of its kind; paying directly from a digital wallet for everyday goods or making large investments with crypto is becoming more common daily.
- Convenience: it is much easier using crypto to buy a house directly from your digital wallet rather than sending your crypto to an exchange, selling it, and moving the funds into a bank account as a taxable event to only then start the tedious buying process.
- Universality: traditional currencies and banking can sometimes stand in the way of buying a property. Crypto eliminates third-party complications by being universal and available at the touch of a button. You can even buy a home with cryptocurrency on the other side of the globe without worrying about traditional currency exchange rates.
- Simplicity: digital wallets and account addresses ensure safe transactions with public keys and private keys. Private keys are strictly owner-specific and can be used to sign and verify transactions on the blockchain. Due to this, buying real estate with crypto only involves the buyer and the seller, meaning you save time, steps, and fees.
- Seller Benefits: aside from crypto being another source to fund real estate purchases, it is in the seller or agency’s favor to also process crypto transactions. Funds are automatically accumulated and settled in the seller’s bank account, which is rarely the case.
Buying Real Estate With ProperT
Buying real estate with bitcoin obviously boils down to the seller or agency’s willingness to accept such payments, but it’s no longer up to the seller or agency’s ability to. There are many ways in which buying a home or property with crypto can be done.
For example, BitPay allows people to purchase real estate with bitcoin and settle in fiat. ProperT payment processing partner, ForumPay, allows people to purchase real estate with cryptocurrency from any digital wallet with instant conversion to fiat at the best real-time rate anywhere in the world with daily bank settlements.
These services, and more, facilitate purchasing real estate with crypto and allow both value-appreciating investment strategies to merge towards a future of smart investments.
For more about crypto and real estate, visit us at www.getpropert.com and follow us on Instagram and Twitter to stay up to date.
