Cryptocurrency: Can You Use It When Buying or Selling?

Cryptocurrencies are said to be the currencies of the future.

So can you buy or sell property using a virtual, digital currency such as Bitcoin, Ethereum, Tether or XRP?

Yes, you can. In fact, itโ€™s already been done.

The Sun newspaper reported on the first UK property transaction in crypto back in 2017.

๐—œ๐˜€ ๐—ถ๐˜ ๐—ฎ ๐—ด๐—ผ๐—ผ๐—ฑ ๐—ถ๐—ฑ๐—ฒ๐—ฎ?
A big issue with using crypto would be establishing a value. Remember that cryptocurrencies can be volatile too.

Other issues could include finding a buyer or seller who also wants to use crypto and anti-money laundering regulations.

In short, while itโ€™s possible, it probably isnโ€™t a great idea โ€“ at least just yet.

If you are considering it, take expert financial and legal advice.

Selling your home? Contact us for a valuation – in pounds sterling.

๐—œ๐—ณ ๐˜†๐—ผ๐˜‚ ๐—ธ๐—ป๐—ผ๐˜„ ๐˜€๐—ผ๐—บ๐—ฒ๐—ผ๐—ป๐—ฒ ๐˜„๐—ต๐—ผ ๐˜„๐—ผ๐˜‚๐—น๐—ฑ ๐—ณ๐—ถ๐—ป๐—ฑ ๐˜๐—ต๐—ถ๐˜€ ๐—ฎ๐—ฟ๐˜๐—ถ๐—ฐ๐—น๐—ฒ ๐—ถ๐—ป๐˜๐—ฒ๐—ฟ๐—ฒ๐˜€๐˜๐—ถ๐—ป๐—ด, ๐—ฝ๐—น๐—ฒ๐—ฎ๐˜€๐—ฒ ๐—ณ๐—ฒ๐—ฒ๐—น ๐—ณ๐—ฟ๐—ฒ๐—ฒ ๐˜๐—ผ ๐˜€๐—ต๐—ฎ๐—ฟ๐—ฒ ๐—ถ๐˜ ๐˜„๐—ถ๐˜๐—ต ๐˜๐—ต๐—ฒ๐—บ.

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