Cryptocurrency purchases are becoming more popular for many financial transactions, especially real estate transactions. Many leading realtors are jumping on the crypto payment trend and diversifying their portfolios. Bitcoin is the most commonly known decentralized digital currency that can be used to make real estate transactions worldwide. There are several smart reasons to use digital money when investing in real estate.
Diversify Your Investment Portfolio
When it comes to investment options that add diversity to portfolios, crypto is a great option. Bitcoin (BTC) has a high value and divisibility that allows investors to purchase real estate at any price level. Once a property is purchased with BTC, it can be exchanged for crypto, and investors can make attractive returns. The price of BTC is constantly increasing, which means there’s great potential for traders to double or triple the property value.
BTC is the most well-known cryptocurrency in the cryptocurrency world. Other top digital assets include Ethereum (ETH), Ripple (XRP), and EOS. There are also lesser-known digital coins that can be purchased for pennies on the dollar and that have the same potential as investment options and blockchain projects. The reputable guide to all things in the cryptocurrency world, CryptoVantage, offers its choice of the best Cryptocurrency to buy.
Cardano (ADA) was created by the co-founder of Ethereum, Charles Hoskinson. It’s one of the most promising blockchain projects in development. It’s priced at less than six cents apiece and ranks number 11 by the market cap. Stellar (XLM) is a multicurrency backend payment network that uses tokens called Lumens (XLM). It’s priced at less than seven cents apiece and ranks number 14 by market cap.
Crypto.com Exchange (CRO) is a great cryptocurrency that can be purchased for less than 10 cents apiece. It ranks number 13 by market cap. Basic Attention Token (BAT) can be purchased for around 20 cents apiece and ranks number 32 by market cap. Theta can be purchased for around 34 cents apiece and ranks number 34 by market cap.
Low-Cost Money Transfers
BTC transactions happen on the blockchain, meaning there’s no need for intermediaries. Real estate investors who use BTC bypass intermediaries, so there’s no need to work with financial institutions or lawyers. It costs 1 percent to make BTC money transfers, which is significantly lower than using credit cards. Using digital money is a great way to keep more money in your pocket when investing in real estate.
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Faster Payment Processing
BTC comes with faster payment processing, which saves a lot of time when investing in real estate. Since it’s a decentralized exchange, there’s no need to go through financial institutions, payment processors, or other intermediaries. This gives traders the ability to send and receive payments on-demand from anywhere in the world. Blockchain technology processes payments within minutes for unrivaled reliability.
Credit cards, bank transfers, and cash payments are secure; however, they are subject to outside influences that can compromise security. The blockchain technology behind BTC offers the best security solutions. Traders on crypto exchanges have unique private keys that restrict access to users. Cryptocurrency exchanges comprise thousands of computers distributed worldwide, making it next to impossible to compromise the network. Blockchain stores BTC transaction data in blocks that are regularly updated. Verified data becomes permanent and can’t be edited by users. This results in greater transparency and reliable and accurate proof of transactions.