In today’s constantly evolving world, cryptocurrencies are becoming a more and more popular tool for investing and trading goods and assets. The expansion of cryptocurrencies’ field of activity brings the “Can I buy a house with Bitcoin?” question to the minds of many. Our reply to that would be “Yes, you can.”.
As the leading real estate company, we always try to be better to provide our clients with the best customer service possible. Aware of the hardships of making an overseas real estate investment, we adapt to the latest proptech to ease the process. To this end, Spain Homes ® now enables you to buy property in Spain with Bitcoin and other types of cryptocurrencies.
Adoption of Cryptocurrencies into the Real Estate Sector
Many people have been investing in cryptocurrencies because they see them as a money-spinner due to their revolutionary characteristics. In fact, happenings in recent years have shown us that a well-thought-out investment in cryptocurrencies can increase the value of your assets tremendously.
The fact that 83% of millennial millionaires are crypto-asset owners is solid evidence of this. However, only 53% of crypto investors hold 50% of their wealth in crypto. Real estate investment is still a preferred method of investment for many and a great choice for crypto investors looking to diversify their assets.
On the other hand, many people have started using cryptocurrencies for real estate purchases simply because of their functionality. Buying properties overseas with cryptocurrency is easier, faster, safer, and cheaper. Here is how;
How to Buy Real Estate with Bitcoin or Other Cryptocurrencies?
Buying a house with Bitcoin or other types of cryptocurrencies isn’t all that different from the traditional way or more complicated so to say. The very first thing to do, just like in the traditional way, is to find your dream house among the properties for sale in Spain.
The second step is determining the payment terms and conditions. Both of these steps are handled fluently with our professional team. After you’ve agreed on the terms and conditions with the seller, all that is left is to make the payment.
In Spain, we accept Bitcoin (BTC), Ethereum (ETH) and USD Coin (USDC). The payment process works as follows:
- Once you have chosen your property, tell your sales advisor before the sale agreement that you will pay in crypto.
- Fill in the KYC (Know Your Customer) form and sign the payment agreement, under which your payment reaches the seller’s bank account.
- Transfer your crypto to the payment account named in the agreement.
- Your crypto is converted at its real market value, and the agreed amount reaches the seller’s bank account in euros.
- The title deed is then signed at the notary.
Every crypto purchase in Spain is carried out under the supervision of specialist lawyers. Our team manages the conversion from crypto to euros.
This is how you sail through the property purchasing procedure with cryptocurrencies. Get in touch with our team to plan your property purchase together.
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