Bitcoin is the first decentralized cryptocurrency. Bitcoin is a peer to peer decentralized cryptocurrency that validates or verifies transactions through the assistance of network nodes and the details of these transactions are stored in a public distributed ledger called "Blockchain". Not only is Bitcoin a cryptocurrency, it is a world payment system, and it is interesting to note that Bitcoin verifies transactions without intermediaries.
Over the years, more people are beginning to see Bitcoin as more than just a digital asset. Most people today see Bitcoin as an alternative to flat or traditional currencies.
This might sound strange, but most Bitcoin users don't know that they can use Bitcoin to buy anything they want even their dream car.
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This article will present a vivid list of places, car dealers and online platforms that cars can be bought using Bitcoin as a form of payment.
There are a few places or companies that you can buy a car with Bitcoin. They are:
Tesla and Lamborghini: In Orange County, California state, a Tesla Model S car was bought for about 91.4 BTC. Since the value of one BTC at that time was $8,227 the total value of fiat currency for 91.4 BTC was $103,000. This has surprised many Bitcoin users. On December 13th, 2013 this car dealership shipped its first car that was paid for using a digital asset. Three days later it shipped off its second car purchased with Bitcoin. In 2014, the dealer adopted the use of "Bitpay" as an exchange that will be used to process all transactions involving Bitcoins. In 2014, this car dealership processed over $100 million transactions involving the use of Bitcoin as a form of payment through BitPay.
Ford Car Dealer in Kansas: a retail car dealer in Dallas is presently accepting Bitcoin as a form of payment for the purchase of cars.
Bitcar: bitcar is a website where there are different brands of cars. The primary purpose of this website is to gather different car brands that all take Cryptocurrencies like Bitcoin as a form of payment. A Dodge Charger with model number SRT8 was sold for 250 BTC. If you are seeking to buy a car with Bitcoin you can do well to visit the website and choose from the variety of cars there.
Tomcar: since the beginning of November 2017, Tomcar which is all-terrain based car dealer has been selling its cars and Bitcoin is being accepted as a form of payment. Tomcar is an Australian based car dealer.
Bitpremier: over the years BitPremier has prided itself as an online platform where you can get all your luxury brands. BitPremier has started accepting Bitcoins as a form of payment. BitPremier has so many luxury brands, the new inclusion is the sales of cars. BitPremier has so many cars like Ferraris, Hennessy GT, and Bentley. Some of these luxury cars are sold for as low as 1,799 BTC. The coveted Hennessy Venom GT can also be bought on this platform with Bitcoins.
Overland Park Chrysler Car Dealer: an online and offline car dealer in Kansas has recently announced that will begin accepting Bitcoin as a method of payment. Established in 1973, Overland Park has prided itself as the number one Dodge Jeep Dealer in the country. This is why it has embraced the use of Bitcoins as a form of payment.
All For BTC: affords you the opportunity to buy anything with Bitcoin. The new inclusion is the buying of cars with Bitcoin.
Another place where Bitcoins can be used to purchase cars is on cars.com. This online platform allows for fast payment and Shipping of purchased car in less than 48 hours.
A Land Rover car dealer in California has also embraced the use of Bitcoins as a form of payment for the purchase of its cars.
Another car dealer in New York with the name Acura of Valley Stream has also started accepting Bitcoin as a form of payment.
How to buy a Car with Bitcoin
After listing all the places and car dealers that accept Bitcoin as an alternative to fiat currencies and as a method or means of payment, we will discuss how you can purchase a car with Bitcoin.
Some of the ways are:
BitPay: Over the years, Bitpay has been efficient in purchasing real estate and cars with Bitcoin. What does Bitpay do? Bitpay is an exchange that allows you convert your Bitcoin tokens which could be used to purchase your dream car. This is used when the dealer does not accept Bitcoin directly. Bitpay has been used by most car dealers to process transactions because it facilitates payments worldwide. Bitpay has likened itself to PayPal or any credit card company, the difference being that Bitpay specializes in digital assets.
All 4 BTC: this is an online platform that makes it easier to buy your dream car with Bitcoins. How does it work? All you need to do is, to look for the car you want. Once you have decided on the car you seek to buy, you go to All4BTC website and pay for the car with your Bitcoins on your wallet. In less than 48 hours, your dream car is delivered to you. As simple as that. This online platform since its inception has delivered over 5 cars to buyers. This platform does not require you to convert your BTC tokens to fiat currencies, you can pay with your BTC tokens without conversion. This is the way the platform works
- Log on to the website
- Paste the link of the online car dealer you wish to purchase from
- Enter Shipping details of the ordered car
- Log on to your wallet and pay with your Bitcoins.
- Finally, all you have to do is track your order and wait till it is delivered.
Another common way of buying cars with Bitcoins is to look for a car owner who is willing to sell his car and also willing to take Bitcoin as a form of payment.