Post
Topic
Board Bitcoin Discussion
Re: Buying houses with BTC
by
cryptoWODL
on 23/01/2024, 09:16:59 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.
Nowadays, people buy not only houses but also various things with Bitcoin. It is not surprising. But you said you saw buying a house with bitcoin in a video I think if bitcoin is not legal in a country then you can't buy house directly with bitcoin in that country. There are also many countries where Bitcoin has not yet been accepted as legal tender, making purchasing anything with Bitcoin much more risky.

Similarly if bitcoin is not legal in your country then you cannot buy house with bitcoin in your country. If you want to buy a house in your country with Bitcoin money then you have to convert Bitcoin to your local currency and then buy.