Real estate and cryptocurrency: an apartment was sold for 3 Bitcoins in Portugal

Benefits of cryptocurrency when buying a real estate

According to the widespread thoughts, there are the following advantages of crypto when it comes to real estate:

  • Transaction participants are kept anonymous. As a result, the state or other authorities are unable to track the transaction.
  • Settlement time is reduced globally: a transaction may be completed in less time than a standard bank-financed real estate deal. In the United States, the quickest transaction was registered in 10 minutes.
  • When transferring funds through banks, the commission % is minimal.
  • The value of cryptocurrency is unrelated to swings in fiat currencies (such as the euro or the dollar) and is unaffected by the country’s political status.

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BIT4YOU.io

BIT4YOU.io

bit4you is an european crypto exchange platform. We are facilitating the transition between crypto currencies and traditional currencies such as euro.