Post
Topic
Board Beginners & Help
Re: Would you purchase Real Estate with Cryptocurrency?
by
Rustam Meraj
on 14/03/2025, 01:09:52 UTC
If I have Bitcoin and the real estate firms accept it as payment, I will gladly choose to pay with it. The process of changing the Bitcoin to fiat before using it to pay for the property is expensive, time consuming and sometimes risky. It will also save me the stress of going through bank procedures, which makes the transfer of huge sums difficult. In some cases, the banks are mandated to report any financial transactions that exceed a certain amount to law enforcement agencies. Volitility, legal issues or tax is not a problem to me if it is a one time payment . Since my country recognizes crypto currencies as a currency there will be no legal problem. Also, the taxes on crypto gains and transactions are not too high, so no much worries.
That is very good idea. Paying with Bitcoin directly can make things easier and save you time money and stress. Usual way of changing Bitcoin into regular money can be expensive and complicated especially when dealing with big transactions and mostly in those countries where Bitcoin is not legal. Also not having to go through bank processes and follow rules about reporting big transactions can be big help. It is also good for you that your country says cryptocurrencies are real form of money so you do not have to worry about legal problems. Since taxes on crypto money are not too high using Bitcoin to make one time payment like buying house could be simple and efficient way to do it.