Bitcoin Home Buyers

Although it’s been around for nearly a decade, bitcoin has been buzzing all over the news recently as the average price of one bitcoin has risen from $1,000 at the start of 2017, to over $17,000 in early December. So it should come as no surprise that the acceptance of bitcoin is on the rise when it comes to purchasing real estate.

609 East McDonough St.HOW IT WORKS
Bitcoin is an internet-based, decentralized payment system. Each user has an anonymous address, and you can trace every bitcoin’s transaction history. It uses blockchain technology, a database that co-exists in several locations and is shared by the community. “This structure makes it incredibly resilient because there is no central point of failure that can be attacked,” says Chris Merrett, bitcoin consultant at Meritorious Consulting. “If certain nodes of the network are attacked successfully, the other nodes in the network can adapt similarly to the human immune system adapting to a new virus.”

For the digital-minded buyer there are over a hundred opportunities to buy right now. Property search site Bitcoin Real Estate (BRE) feature houses, villas, and condos for sale in over 15 countries. Buyers can make purchases using cryptocurrencies ethereum and litecoin as well. For sellers services like BitPay, a global bitcoin payment provider, will convert bitcoins into dollars to complete the transaction. Bitcoin’s value fluctuates every day, so the risk is on the buyer’s side since the seller agrees to a fixed dollar amount and the number for bitcoins to equate the price can change from day to day. Much like looking for homes on Zillow or Realtor.com, BRE encourages buyers to consult professionals such as real estate agents and attorneys with experience in bitcoin purchases before digitally signing contracts or transferring any funds.

10 Gorgeous Homes You Can Buy With Bitcoin

bitcoin-realestate.com
27 Michael Fisher Ave., Toronto, Canada | 4 Bedrooms 5 Bathrooms | $1,436,500 CAD or $103 BTC
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51 Tabby Cir, Daufuskie Island, South Carolina | 5 Bedrooms 5 Bathrooms | $1,345,000 USD or $97 BTC
bitcoin-realestate.com
2388 Prairie Ave, Miami Beach, Florida | 5 Bedroom 4.5 Bathrooms | $2,490,000 USD or $179 BTC
bitcoin-realestate.com
41 Torrey Rd, East Sandwich, Massachusetts | 5 Bedrooms 6 Bathrooms | $3,149,000 USD or $226 BTC
bitcoin-realestate.com
434 22nd St., Santa Monica, California | 5 Bedrooms 5.5 Bathrooms | $6,488,000 USD or $465 BTC
bitcoin-realestate.com
409 E McDonough St., Savannah, Georgia | 4 Bedrooms 3.5 Bathrooms | $1,359,000 USD or $98 BTC
bitcoin-realestate.com
Jl. Palm Raja No. 6, Batu Layar, Kabupaten Lombok Barat, Indonesia | 4 Bedrooms 4 Bathrooms | $335,000 USD or $24 BTC
bitcoin-realestate.com
Sosúa 57000, Las Caobas, Dominican Republic | 4 Bedrooms, 4 Bathrooms | $550,000 USD or $40 BTC
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146 West 57th Street, Manhattan, New York | 4 Bedrooms 5.5 Bathrooms | $19,500,000 or $1398 BTC
bitcoin-realestate.com
632 Main St. #2C, Park City, Utah | 2 Bedrooms 2 Bathrooms | $1,395,000 USD or $100 BTC

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