In the past few years, the popularity of cryptocurrencies like Bitcoin, Ethereum, and others, has grown exponentially among millennials and younger home buyers.
With high-paying jobs in the technologies industry and new careers with blockchain and WEB3 companies, people are interested in buying Real Estate with bitcoin and other cryptocurrencies.
But because crypto coins are new to many people, the lack of education producer fear and keeps them from benefiting from this emerging asset class.
Let’s shed some light on what cryptocurrencies are, especially Bitcoin, and how Real Estate works well with them all…
What Is Bitcoin?
Bitcoin put simply is a decentralized, proof of work, and peer-to-peer payment system that can be accessed by anyone with a Bitcoin Wallet like Metamask.
People can make money in the United States and then buy Bitcoin to buy Real Estate in Canada for example.
Every transaction that happens appears on the public Bitcoin ledger which gets simultaneously updated by thousands of computers on the network making it hackproof and a reliable way to transfer value.
Anyone can send Bitcoin from one wallet to another, instantly, for pennies… Plus, no centralized authority like banks can block Bitcoin transactions or alter the rules of the game at any time.
Calgary Canada!
Living in Calgary provides the laid-back life that makes you feel at home, but also be so close to amazing jobs and economic advantages that the bustling city center offers.
People who live in Calgary have access to spectacular outdoor activities in the mild summer months and exciting winter sports and activities like hiking, skiing, snowboarding, and more.
Calgary has crypto-friendly Brokerages who will help guide you through buying homes via cryptocurrencies.
Vancouver Canada!
Another lovely place to buy homes is in Vancouver, a well-known area that is already popular with people looking for luxury properties set within a natural paradise.
There are amazing waterfront homes in Vancouver with beachfront access and breathtaking views year round.
Plus, large, luxurious houses with lots of land and space to spread out. Many of these properties are older homes that have been renovated with ultra-modern interiors with many upgrades and creature comforts.
Toronto Canada!
One of the most popular places to buy homes with Bitcoin is in Toronto Canada. It’s a trendy place with lots of modern condo buildings downtown, where the nightlife and high-end shops and restaurants are.
But there are many amazing single-family homes, and townhouses in Toronto that check all the green boxes and people are moving here like never before in history.
You will find history, character, and charm everywhere in Toronto and the real estate options are endless like the enjoyment you can have outdoors in GTA!
How To Purchase Real Estate With Bitcoin?
It is always recommended that you find a local, and well-respected Brokerage near you, that is experienced and familiar with using Bitcoin in Real Estate transactions.
Because cryptocurrencies are new, many people aren’t sure exactly how they work. These are not the people you want to use when moving your funds from wallet to wallet.
Moreover, you will need a title company that understands how to process Bitcoin and other fiat currencies to properly transact your deal from the buyer to the seller.
Conclusion
The future is upon us and you are able to take advantage of Bitcoin’s volatility, provided you know what you are doing or are working with a professional.
As long as you cover your bases there is no reason why you cant buy Bitcoin low, and then buy Real Estate with the profits when Bitcoin prices are high!
