How to buy a car with cryptocurrency?

Have you ever imagined buying a real car with simoleons (the sims game feature)?

Well, in this documentary we will address how real the possibility of purchasing a car with cryptocurrencies has become. The variety is immensely smaller than the conventional way, however, cars like Tesla are already available and it is even the one who took this proposal forward, offering this option to consumers.

Advantages and Disadvantages of buying a vehicle with cryptocurrency:

Benefits:

• They have become increasingly common today, offering alternatives to consumers;
• Security in transfers, which are protected by authentication;
• Extremely low rates going as low as zero;
• You can buy a car for more money than you pay in cryptocurrencies.

Disadvantages:

• Security only occurs if you have the exact wallet address for both parties;
• Limited number of sellers;
• The seller may have a cryptocurrency preference, which may not be the same as yours;
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• It is very unstable, and can make you pay much more than the real value.

How to buy a car with cryptocurrency:

A large number of people regularly choose to work with a dealer, and if you want to buy from one, consider these essential steps:

1. Know which dealerships allow cryptocurrencies;
2. Take a moment to check out various exchange apps and understand how they are used;
3. Know which currency the dealership you choose prefers to work with and accepts, after that check if it matches the currency you have;
4. Choose the car you will buy;
5. Make the Exchange commands with the presence of the dealership.

Brands that are already accepting cryptocurrencies

• Audi – Through CryptoExchange;
• BMW – Can be paid at the dealership;
• Nissan – Daytona, Florida there is a dealership that receives DogeCoin currency, which is equal to US$ 5 thousand;
• Tesla – Not accepted directly, but it is possible to use a means such as the Car for Coin auction site;
• Toyota – Headquartered in Idaho, USA, a dealership is allowed to accept various cryptocurrencies as payment, such as Bitcoin Cash and Ethereum.

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