Post
Topic
Board Bitcoin Discussion
Re: Buying houses with BTC
by
Potato Chips
on 22/01/2024, 22:43:54 UTC
I have recently watched a video where the guy says that it is safer to buy a house with BTC (and other cryptocurrencies) than buying through one real estate agent. If I remember correctly, he says that it can be proven through a NFT.

I know there are already countries that are "crypto-friendly", but it seems to be interesting to prove your house purchase through an NFT.

It's a gimmick lol. I don't think there is a country out there that legally recognizes NFTs as a proof you own a property. What matters are legal documents such as house title/property deed.

That sounds cool, but what about all the regulations and laws of the government? I mean, won't they charge their share? Won't it be possible to get a fine for using crypto instead of FIAT?

Well... laws differs per country. You may wanna read Buying a house with 100% Bitcoin is possible in Portugal for instance.