Post
Topic
Board Bitcoin Discussion
Re: Buying houses with BTC
by
Silberman
on 23/01/2024, 07:54:28 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.

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?

I know there are already countries that are "crypto-friendly", but it seems to be interesting to prove your house purchase through an NFT.
Stop watching those kind of videos since they do not really know what they are talking about, unless bitcoin is recognized as legal tender where you live, you should not be able to buy a house with bitcoin, what you could do is to sell your bitcoin for fiat, and then use that fiat to buy a house, which will be like any regular transaction that can be made, but buying a house directly with bitcoin should not be legal on the vast majority of the countries out there.