Buying a house with Bitcoin in 2024: Here’s how it works

cyptouser4 months agoCryptocurrencies News91
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Presented by TEKCE Real Estate

Aiming to transform digital assets into stable investments worldwide, TEKCE Real Estate offers crypto users legal compliance and tax advantages in real estate transactions.

When investing in the crypto market, noticing trends early can make a significant difference. Although bull markets tend to last longer than bear markets, a clever strategy against unexpected declines would be to realize crypto positions to secure gains.

Trading and investment experts usually agree on the advantages of diversifying investment portfolios rather than putting all eggs in one basket. Therefore, investors looking to secure gains might consider temporarily moving their assets into precious metals or cash.

Alternatively, converting volatile digital assets into tangible properties — such as real estate — can help investors seeking long-term security and stability protect their wealth from potential market uncertainty.

However, using large amounts of digital assets to buy real estate can be complicated. When buying a tangible asset with millions of dollars worth of crypto, a well-established strategy is essential to navigate regulatory requirements and ensure a smooth transaction process.

Buying a house with Bitcoin

TEKCE, a crypto-friendly global real estate company, assists investors in converting their volatile crypto assets into tangible properties with more predictable gains.

TEKCE is known for helping sell a flat in Antalya, Turkey, with Bitcoin (BTC), when crypto was still largely unknown and unregulated by governments. This transaction in 2017, which was one of the first real estate sales with Bitcoin, was completed smoothly despite the legal and regulatory challenges of the period, set a precedent for subsequent crypto-based real estate deals.

As a property technologies (PropTech) firm, TEKCE provides end-to-end assistance to those who want to purchase real estate with crypto. It facilitates all legal transactions and overcomes bureaucratic obstacles with its lawyers, who are experts in crypto payments.

TEKCE has successfully integrated crypto into real estate transactions. Source: TEKCE

TEKCE has successfully integrated crypto into real estate transactions. Source: TEKCE

Users who want to buy real estate with crypto start the transaction by reporting the property they have chosen to TEKCE. After completing a Know-Your-Customer (KYC) form to corroborate their identity, users sign a crypto payment agreement to ensure a safe funds transfer.

Next, users transfer the crypto of their choice, including Tether (USDT), BTC or Ether (ETH), to TEKCE’s wallet. TEKCE converts the crypto into fiat at the current market value and transfers it to the seller’s bank account. Thus, the transaction is completed safely and in accordance with legal requirements.

TEKCE, which made its first real estate sale with crypto in Turkey, expanded its services to Spain, Cyprus and Dubai. With the sales made in Spain, Tekce proved that it can complete the sales process in European Union countries also without any problems. The real estate firm values user security and legal compliance and works in accordance with the legal regulations specific to each region.

TEKCE tries to differentiate its services from those of its competitors by creating special fund models for large transactions. In addition to protecting investors’ earnings, these special funds also provide significant tax advantages in the relevant legal regions. With the dual benefit of financial protection and tax efficiency, TEKCE seeks to bridge the gap between digital assets and traditional real estate investments.

The wealth transfer of crypto investors

As the crypto market enters another bullish phase, TEKCE reports increased internet searches and demand for its services. The firm has enabled its customers to make payments with crypto in more than 2,500 real estate sales.

TEKCE Real Estate chairman Bayram Tekçe pointed out the significant wealth transfer created by crypto worldwide and said, “This wealth transfer will take place under the leadership of PropTech companies like us.”

The convergence of digital assets and real estate represents a pivotal evolution in investment strategies. This innovative approach bridges the gap between modern digital finance and traditional investment models. As regulatory frameworks continue to evolve, integrating digital assets into real estate transactions will become increasingly important.

Learn more about TEKCE Real Estate

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