Buy a car using cryptocurrency has become even easier. Over the past couple of years, an enough automotive companies have appeared on the market, offering their services to cryptocurrency owners.
In this article we will talk about one of the companies selling cars for crypto, how to make a car purchase using cryptocurrency and how much is available, simple and profitable.
Buying a car with the help of Bitcar company
Many car-enthusiasts would like to have a Bugatti, Lamborghini or Ferrari, but for most dream cars are completely unavailable. A blockchain-based platform called Bitcar https://bitcars.eu/ provides premium-class cars for the crypto-community.
Bitcar is the first and most demanding project in the world thanks to the unique idea of using Blockchain cryptocurrency.
Bitcar is the world's first crypto- automobile boutique.
The platform, created in 2015, offers investors ownership of super-exotic cars through their platform. Luxury cars are purchased by a company, some of which are sent for sale or stored from 5 to 15 years, during this time increasing significantly in price.
BitCar, like Bitcoin, is a blockchain platform that allows investors to invest their money in exotic cars.
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"Investors can convert Bitcoin investments on our platform. Depending on the value of your investment, you can own a part of the car – five percent or 50 percent. It's still a cryptocurrency, but it is tied to a tangible asset," said Gov Van Ek, co-founder of BitCar based in Singapore. According to Eck, after the pledge was transferred to the car by the investor, it cannot be bought or used by anyone else.
Investors can invest their savings in the purchase of one car or in several available on the site.
BitCar works with several car dealerships in Dubai to ensure the availability of a wide range of cars. "Dubai is the perfect place for such an investment. Everyone loves luxury cars here," said Eck.
Many both new and retro cars are available on the site.
"We offer one of only 25 Mercedes-Benz 300 SL roadsters ever delivered with rare Rudge central locking rims ex works, which was secondarily owned since 1964." – BitCar Twitter.
Bitcar currently accepts BTC, BCH, ETH, XMR, LTC, DOGE and DCR. Payment processing is provided by BitPay for BTC and BCH. Payment processing for XMR, ETH, LTC, DOGE and DCR is provided by GloBee.
Why should you think about buying a car for crypto?
When making such expensive purchases as a car, there is a huge risk for both the buyer and the seller. Fake escrow accounts, payment of fake currency, cloning of a VIN number, changing the agreement numbers, using a fake loan, and fictitious hidden fees are just a few of the frauds that buyers and sellers regularly face.
Payment of cryptocurrency can solve many problems and significantly reduce risks, and most importantly significantly increase security, increase speed and reduce transaction costs.
Financial experts agree that the cryptocurrency is gaining momentum and in the coming years its value will grow rapidly. Car companies with crypto payment, give everyone who has cryptocurrency savings, the ability to own the most expensive cars in the world.
Editor: Yuliya Soroka