How to buy a car with Bitcoin (BTC)?

Cryptoexchange.com

Cryptoexchange.com is a platform launched in 2018 that allows buyers to purchase cars with cryptocurrencies such as Bitcoin, Ether, Litecoin, and Monero. It offers buyers access to an extensive selection of cars, ranging from Ferrari and Lamborghini models, Porsche and Tesla vehicles, Rolls Royce classics, and more.

The marketplace provides a secure crypto escrow service for transactions as well as full functionality on the exchange platform. Users can have confidence that their funds will make it directly to the seller due to blockchain immutability and that any cashbacks or cancellations are impossible with this form of payment.

Furthermore, crypto escrow services guarantee delivery of the vehicle before payments are made so buyers will be sure they receive what they purchase in pristine condition before any money is exchanged.

AutoCoin Cars

AutoCoin Cars is a platform designed for buying and selling used cars with cryptocurrencies like Dash, Ethereum Classic, Zcash, and more. The company is located in London and has partnered with more than 100 car dealers in the UK, making it the nation’s market leader in trading cars with cryptocurrency.

Furthermore, their mission is to create an innovative marketplace that facilitates payments in the automotive industry while allowing cryptocurrency customers real-world usage for their assets. AutoCoin Cars provides exceptional customer service with transparency and integrity at its core. Their values focus on innovation, perseverance, simplicity & effectiveness as they continue to reshape how vehicles are purchased within the automotive industry.

The company offers competitive prices so you can get the vehicle you want without breaking the bank or having to wait long periods of time for funds to be transferred from one account to another. With AutoCoin Cars, you can enjoy a safe and secure car-buying experience using cryptocurrency in no time!

Buy a car with Bitcoin directly from car manufacturers and local dealerships

You can purchase your next car directly from local dealerships or even car manufacturers. Ferrari, Tesla, Bernie Moreno’s Car dealerships, Motorcars of Atlanta, and Armormax all accept Bitcoin for payment.

Ferrari

On 14.10.2023, Ferrari announced that they would be accepting cryptocurrency payments in the U.S.

Their decision to accept cryptocurrency payments has been driven by market demand and dealer requests. Enrico Galliera, Chief Marketing and Commercial Officer, confirmed the intentions. The company’s strong order portfolio is fully booked until 2025.

Ferrari’s aim is to connect with potential buyers beyond its usual clientele. Crypto payments will be introduced in Europe by Q1 2024, and the company plans to expand to other crypto-friendly regions in the future. Crypto transactions will be processed by Bitpay and will be done in Bitcoin, Ether, and USD Coin.

BitPay will promptly convert cryptocurrency payments into fiat currency, so dealers will not incur any additional fees or surcharges. The company is also taking steps to ensure the verification of digital currency to prevent illicit activities, as well as to be compliant with anti-money laundering and tax evasion regulations.

Tesla

All Tesla products are priced in Dogecoin. When making a purchase, you need to have a Dogecoin wallet.

The payment page will provide Tesla’s wallet address for transfer. Make sure to account for any network fees that may be charged for each Dogecoin payment. You should also be aware of any transaction fees associated with your purchase and make sure that your total amount of Dogecoin is correct, or else your order may be canceled.

Additionally, note that Tesla cannot accept payments from multiple wallets for a single order, and it can take up to six hours for the Dogecoin network to confirm your payment. Finally, keep in mind that orders placed with Dogecoin cannot be cancelled or returned and Tesla only accepts this particular cryptocurrency; it won’t recognize other digital assets such as Bitcoin or Ethereum.

Jeff Wyler Automotive Family

Jeff Wyler Automotive family was founded in 1973 in the USA and has more than 20 dealerships located in Ohio, Kentucky, and Indiana.

They currently accept 12 different cryptocurrencies, including Bitcoin and Ethereum. The company made its first sale using cryptocurrency in April 2022 at a shop in Kentucky, and the payment was processed in Ethereum.  They sold a S580 model of Mercedes-Benz to a buyer in Saudi Arabia.

Customers are able to pay for part of their transaction or for the full amount using one of the available cryptocurrencies they accept.

Motorcars of Atlanta

This Georgia-based dealership offers new and pre-owned exotic vehicles from various manufacturers like Aston Martin, Lotus, Rolls-Royce, Lamborghini, and Koenigsegg.

If you want to switch cars more often than not, this dealer also offers leasing services. They even have their own repair department and accept orders for vehicle parts.

MotorCars of Atlanta is a great option if you’re looking to buy an exciting car using Bitcoin or other cryptocurrencies without having to deal with private sellers or third-party financing companies.

You can trust in the safety and security of the BitPay platform as it facilitates payments made in Bitcoin, Ethereum, Bitcoin Cash, Dogecoin, Shiba Inu, Litecoin, XRP, Dai, Binance USD, USD Coin, Wrapped Bitcoin, Pax Dollar, and Gemini Dollar. This makes it easy for car sales organizations to accept cryptocurrency payments.