Cryptocurrency took the world by storm when its inception started in 2009 on 3rd June. In simple words, It is a decentralised process of making online transactions from anywhere in the world. To understand Cryptocurrency and its working, one would need to acknowledge the three primary terminologies: Blockchain, Decentralisation and Cryptography. One of the most special offerings of Cryptocurrency is that it does not rely on centralised structures, which most users find useful and hassle-free.
Read more: Buy used cars with crypto
Did you know?
In 2010, the first cryptocurrency purchase was made for two pizzas from Pappa John’s. A programmer from Florida paid 10,000 BTC or about $222 million in 2022 prices.
And what’s surprising these days is that you can purchase a car using Cryptocurrency. Later, we’ll look at how to buy cars using Cryptocurrency.
Nowadays, you can literally buy anything from video games to cars using Cryptocurrency.
However, since it has shifted the traditional transaction process to secure online systems, many people believe that by 2030, 90% of transactions will be made using cryptocurrencies. One of the primary focuses of creating this great concept was to exclude the involvement of intermediaries such as banks, organisations or any other governmental institute.
Who’s behind this great concept?
It was introduced by Santoshi Nakamoto, a pseudonym whose real identity is still kept hidden to this date. Cryptocurrency works outside the centralised banking system using different brands or coins, Bitcoin being the major player.
Why choose AutoCoinCars to buy cars using Cryptocurrency?
AutoCoinCars is one of the largest crypto-based automotive marketplaces in the UK. It is one of the few online car dealerships platforms that offer access to its clients to purchase a car of their choice using Cryptocurrency. Bitcoin is the major player in the game and is frequently used to purchase a car on AutoCoinCars.
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There are approximately 50,000 vehicles listed from luxury brands listed on the AutoCoinCars website. Additionally, there are 500 car elite car dealership partners in collaboration with AutoCoinCars, giving access to the clients to purchase a brand new or a used car using Bitcoin.
Being a market leader and one of the only few online car dealership platforms accepting Bitcoin for payments, AutoCoinCars provides hassle-free shopping for cars.
- Five hundred car dealership platforms are partnered with AutoCoinCars.
- More than 5,000 used and brand vehicles are listed on AutoCoinCars.
- Our customers and dealers receive top-quality, personalised customer service from our team.
- As a market leader in crypto-cars, we pride ourselves on taking care of cryptocurrency payments at the lowest fees possible.
- With our service, you won’t have any problems. Our fast and secure crypto transactions allow you to buy your next car easy.
Benefits of using Cryptocurrency for purchasing cars.
- Access to the same information that cannot be altered means currency owners does not need to trust a single authority.
- Only network users have access to the data, which is heavily protected. In addition, shared ownership means that all users agree to the accuracy of the data, making it difficult for data mismanagement or miscommunication to occur.
- An essential part of a blockchain is security.
Key steps to buying cars using Cryptocurrency:
If you are looking to buy a car using Cryptocurrency, make sure you follow these steps.
- First and foremost, you should convert your bitcoins into cash as it is one of the most resourceful and credible meanders.
- The next step involves choosing a trustworthy dealer. Check their reviews and interact with people to know others.
- Another important step is to search for a seller who accepts purchasing with bitcoins.
- There is an excellent opportunity of joining collaborative groups and interact with people who are well acquainted with bitcoins.
Is it safe to buy cars with Bitcoin?
If you’re in the market for a new or used car, you might wonder if buying a car with bitcoin is possible. The short answer is you can buy a car with Bitcoin. That question lies in where you make the purchase, but you may be surprised to find out your bitcoins could land you the car of your dreams.
You may find an individual willing to sell you their used car in exchange for bitcoin. This is riskier, as it relies on the honesty of the other individual in completing the transaction. They could claim they never received the Cryptocurrency, leaving you no recourse. For this reason, it might be better to sell your bitcoins first and complete the purchase in cash.
AutoCoinCars makes it easier for you to purchase a car using Cryptocurrency, which is rare. Once you pop into the website, you’ll have to enter the price range, model year and name of the car you’re looking for.