Can you Buy a House with Bitcoin? | Ways to buy house with bitcoin

Question

I wish to buy a house for my wife. Can i buy a house with my bitcoin? Is it possible to do so? Is there any way to buy a house with bitcoin?

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cryptic 3 months 1 Answer 39 views 0

Answer ( 1 )

  1. Certain sites like Open Listings are making it easier to find properties you can purchase with bitcoin with a search tool that allows you to look for the words “bitcoin” or “ethereum.”

    All the same, since the idea of using virtual currency to purchase real estate is so new, there is still a lot of nervousness for newcomers to the currency, much of the concern may be around the lack of regulation so far in cryptocurrency and the lack of understanding as to how gains in bitcoin are taxed.

    Some experts warn that buying real estate with bitcoin won’t be simple in every case. Even if you are able to find a seller that’s willing to accept your offer in bitcoin, it can be tricky to find title insurance and escrow companies who feel comfortable handling virtual currency transactions. To take on your home purchase, they may require you to cash out your bitcoin so that your transaction can be treated more like a traditional house purchase.

    But at the end of the day, if you want to buy a house with bitcoin, there are ways to make it work.

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