Cryptocurrency has gotten a lot of attention recently. Despite recent concerns with wild value swings, individuals continue to trust in it and feel that it is the way of the future. In real estate, digital currencies offer a wide range of uses, with several potential benefits for investors, individual purchasers, sellers, tenants, and the market as a whole.
Real estate sellers, developers, and brokers may use cryptocurrency to promote and sell properties both domestically and internationally. On the other hand, the buyer may use crypto to buy anything. It may be done by concluding transactions using Bitcoin and other cryptocurrencies. So, how do you buy real estate with crypto? Continue to read to find out.
How does it work?
You can buy or sell anything with Bitcoin these days, as long as both parties are okay with it. In real estate, it’s the same principle: both the seller and the buyer have to be on the same page about the transaction. Buyers should have a digital wallet and a seller should have a bank account.
So, if you have a larger amount of cryptocurrency and you are now looking for investment opportunities, the purchase of a real estate property would be a great choice. And it doesn’t matter what kind of property you want to buy: an apartment, a penthouse, or a luxury villa. Of course, there are a lot of myths and statements about the safety of cryptocurrency, but myths are only myths. The main idea you should have in your mind: it is now easier than ever. Especially with XEROF.
What steps should you take to buy real estate with crypto?
As a buyer, you should sign-up for XEROF Online (KYT, KYC, AML for Buyer) to get access to your account. Meanwhile, XEROF works with the seller in parallel. As we have a contract of purchase we can base on it and proceed with the deal.
After that, we help you to initiate the Two-Step OTC Exchange and XEROF pays out the Fiat to Seller.
What currency can you pay with?
XEROF offers a few options. We can work with Bitcoins (BTC), Ethereum (ETH), Tether (USDT), USDC (USD Coin). We exchange cryptocurrency to CHF, USD, EUR, AED, CAD, SEK. The choice is up to you and your seller. Real estate transactions with Bitcoin and other cryptocurrencies can be closed efficiently. This is often faster than a transaction relying only on cash. This is especially the case if there is a real estate transaction involving a foreign buyer.
It is one of the most essential things to choose the right partner for crypto exchange by buying real estate. We have a few reasons why you should choose XEROF as such a partner for the best crypto exchange. So, just choose a real estate property and contact us.
XEROF is a Swiss-licensed Crypto Gateway that offers exchange services for customers who possess crypto wallets and want to use them as fiat currency to purchase real estate properties and luxury goods.Learn more about XEROF