How to Buy a Car with Bitcoin
- Rebecca C
Cryptocurrency is one of the fastest growing things in the world right now.
With multiple different coins and tokens it’s no surprise that it can be confusing to some.
Hundreds of thousands of people are trading these coins trying to judge the market on when to buy and sell.
However, there are many crypto holders worldwide who are looking to spend their crypto.
In particular, Bitcoin. This is because Bitcoin is the first of all the crypto currencies to be adopted by large corporations.
Businesses such as Tesla, PayPal and Virgin are now accepting Bitcoin payments.
The only issue is, because crypto transactions are still relatively new to most people, these are only being trialled in the U.S.
So, what if you wanted to buy a Tesla in the UK? Or any car for that matter…
AutoCoinCars is the first marketplace of its kind. It is a crypto-car marketplace.
Hundreds of dealerships across the UK have been partnering with AutoCoinCars since opening 2 years ago.
Dealers advertise their stock through the marketplace, like they would on other platforms such as Auto Trader.
The key detail that makes AutoCoinCars stand out, is that you can transact in cryptocurrency.
Let’s say you have enough Bitcoin to purchase a Tesla, how do you do it?
Firstly, search the AutoCoinCars portal for the model of Tesla you want.
Secondly, you enquire about the vehicle with us. We will then give you a quote for the car in Bitcoin based on the live market rate.
Next, we contact the dealership for you to let them know about your desire to purchase the vehicle.
As you would with any other purchase you can go and view it, ask questions, test drive etc.
Once you are happy with the vehicle, the dealership will send us the invoice amount. The payment is then completed with yourselves and us.
We do a test transaction for safety to ensure you have the correct funds.
Once this is done you can then pay the rest of the amount in your chosen currency, in this case - Bitcoin.
From there we handle the rest and pay the full invoice to the dealership.
As soon as that is complete you can take your new car home.
It is that simple!
5 easy steps to buy a car with bitcoin in the UK summed up:
- Choose a car.
- Enquire and choose a crypto payment option.
- View the car (if you want!).
- Pay the invoice with AutoCoinCars.
- Take the car home.