Topic: Buying a house with 100% Bitcoin is possible in Portugal (Read 1957 times)
Maybe for poor country will be accepted
At the beginning of this month (May 2022), a house was sold in Portugal, in which it was fully paid for with Bitcoin. This was made possible, thanks to a new decree of law that allows crypto exchanges for houses. The house cost 3BTC at the time and it was all done legally.
You can find out more in these news:
EN: https://finbold.com/house-in-portugal-sold-for-3-bitcoins-in-a-historic-first-ever-direct-sale/
PT: https://www.idealista.pt/news/imobiliario/habitacao/2022/05/06/52164-casa-em-braga-e-comprada-por-3-bitcoins-e-a-1a-transacao-100-cripto
But the highlight now goes to the platform created by the real estate company responsible for this sale, where it lists all the properties that can be acquired with Bitcoin.
Cryptohouses
In addition to presenting a series of properties available to buy with Bitcoin, the company still gives full legal support so that everything is done according to the law.
___
NOTE: I have no connection to this property, I'm just sharing the information. I'm from Portugal and I can give you a few more details.
Bitcoin transactions are allowed in Portugal due to which Bitcoin is being traded and traded there. There is no pressure from the government due to which it is very easy for a person to purchase his house through Bitcoin. If it happened in my country it would not be possible at all because Bitcoin is not accepted in my country. Bitcoin has been made illegal by the government of my country, due to which we cannot buy anything with Bitcoin even if we want to. If bitcoin is ever legalized in my country then maybe in my country like Portugal everything will be possible to buy with bitcoin. You can find out more in these news:
EN: https://finbold.com/house-in-portugal-sold-for-3-bitcoins-in-a-historic-first-ever-direct-sale/
PT: https://www.idealista.pt/news/imobiliario/habitacao/2022/05/06/52164-casa-em-braga-e-comprada-por-3-bitcoins-e-a-1a-transacao-100-cripto
But the highlight now goes to the platform created by the real estate company responsible for this sale, where it lists all the properties that can be acquired with Bitcoin.
Cryptohouses
In addition to presenting a series of properties available to buy with Bitcoin, the company still gives full legal support so that everything is done according to the law.
___
NOTE: I have no connection to this property, I'm just sharing the information. I'm from Portugal and I can give you a few more details.
What if , he would have bought the house after a year or so, maybe he could have bought two houses in the same amount of bitcoin he spends now. (as bitcoin price will be doubled or even more higher)
If we always think like this, bitcoin will never be used for anything. And I think bitcoin should also be used when needed.
Currently, given the price of the house market (in Portugal) and the price of bitcoin, you currently have to spend 4-5BTC minimum to buy a house (in Portugal). For anyone who has a dozen BTC available, I don't think it's a difficult amount to give.
I bought my house using bitcoins. The transaction was smooth but it lost value on the long run
You say you made a purchase with Bitcoin, may we know which country you live in and how long ago you made your transaction. You bought a house with Bitcoin so I'm dying to see your house. Can you share pictures of your home here? Most of the discussion in this topic is about a person in Portugal buying a house and a person selling a house and using Bitcoin as a transaction for this purchase and sale. On this subject but here you have shared your own house purchase so if you share different information we can know fully.I wonder why are you dying to see the house purchased with Bitcoin The house either bought with Bitcoin or bought with fiat money will remain the same and there would be no extraordinary things with that house
Anyway, i would like to know how much bitcoins did he spent in order to buy the house as i know that houses are expensive worldwide and if he spent the bitcoin recently to buy the house, then it may not be a wise decision to sell bitcoin in the bear market
What if , he would have bought the house after a year or so, maybe he could have bought two houses in the same amount of bitcoin he spends now. (as bitcoin price will be doubled or even more higher)
I bought my house using bitcoins. The transaction was smooth but it lost value on the long run
You say you made a purchase with Bitcoin, may we know which country you live in and how long ago you made your transaction. You bought a house with Bitcoin so I'm dying to see your house. Can you share pictures of your home here? Most of the discussion in this topic is about a person in Portugal buying a house and a person selling a house and using Bitcoin as a transaction for this purchase and sale. On this subject but here you have shared your own house purchase so if you share different information we can know fully. 
I bought my house using bitcoins. The transaction was smooth but it lost value on the long run
This is really surprisimh to me how you were able to buy your own house with Bitcoin and you are still complaining about it. You can always buy any amount of Bitcoin in the market so there is nothing to lose if you have followed the same full step. It will be a good move when we purchase properties with Bitcoin which is going to be an eye opener to people that have the mindset that Bitcoin cannot be used as a legal tender or purchase goods. By the time Bitcoin is going to surpass the previous high.
I bought my house using bitcoins. The transaction was smooth but it lost value on the long run
In which country did you make this purchase?
Can you provide more details on what this process was like?
I bought my house using bitcoins. The transaction was smooth but it lost value on the long run
This is amazing. Soon the coins will spread everywhere
It is, indeed, but if I'm not wrong some of the crypto benefits for foreigners who move there will end in 2024, so it seems that it is becoming little by little a not so friendly country, due to impositions from Europe.
The end of incentives for foreigners was not intended for cryptocurrencies, but for all people who came to live in Portugal or bought a house in Portugal.
Portugal continues to be a good destination for those who use crypto, as despite already paying taxes, it only pays tax on profits obtained from the sales of coins purchased in the last year. Anyone who is a holder is an excellent destination.
It is, indeed, but if I'm not wrong some of the crypto benefits for foreigners who move there will end in 2024, so it seems that it is becoming little by little a not so friendly country, due to impositions from Europe.
The end of incentives for foreigners was not intended for cryptocurrencies, but for all people who came to live in Portugal or bought a house in Portugal.
Portugal continues to be a good destination for those who use crypto, as despite already paying taxes, it only pays tax on profits obtained from the sales of coins purchased in the last year. Anyone who is a holder is an excellent destination.
Thanks for the clarification joker_josue, I read the news a few weeks ago and mixed some concepts in my head. I wasn't totally wrong neither, because if I wanted to buy a house with Bitcoin in your country I'd benefit from double incentives, and as you confirmed, next year they will be less; although it is still much better than nothing, and it is great that long term hodlers are still rewarded the way you mention (not like here in Spain
). It is, indeed, but if I'm not wrong some of the crypto benefits for foreigners who move there will end in 2024, so it seems that it is becoming little by little a not so friendly country, due to impositions from Europe.
The end of incentives for foreigners was not intended for cryptocurrencies, but for all people who came to live in Portugal or bought a house in Portugal.
Portugal continues to be a good destination for those who use crypto, as despite already paying taxes, it only pays tax on profits obtained from the sales of coins purchased in the last year. Anyone who is a holder is an excellent destination.
This is excellent news. I had already heard that Portugal is a bitcoin friendly nation but I didn't know that you can even purhase y a house with BTC.
It is, indeed, but if I'm not wrong some of the crypto benefits for foreigners who move there will end in 2024, so it seems that it is becoming little by little a not so friendly country, due to impositions from Europe.
Anyway, as long as I know, you'll be still able to buy a house in Portugal, after paying the corresponding taxes, of course.
It's really nice to hear that houses are currently being bought and sold with Bitcoin. We look at this to understand how much Bitcoin has flourished today and how much it has tried to change the world. Today more and more people accept Bitcoin, and it is possible to buy different products with Bitcoin, since houses sold in Portugal accepted Bitcoin payments, so I think in the future more merchants will accept Bitcoin when selling different things. I believe that Bitcoin will rule the world one day and every country will have different purchases completed with Bitcoin. Since houses are bought in Portugal with bitcoins, I think maybe they will accept bitcoins for buying and selling land in the future.
The two people in Portugal who bought and sold their house with Bitcoin I think had a plan in advance that they would do this transaction with Bitcoin. Where others do their transactions with Euros or Dollars, these two men may have wanted to do something different in the transaction, which is why they chose Bitcoin as the medium of transaction. Such incidents of theirs have been widely discussed in the world. People are now planning to make big transactions through Bitcoin. Hopefully this large transaction through Bitcoin will not be limited to Portugal and there will be many more such transactions and all over the world. Such events show the level of popularity Bitcoin has reached and how much more Bitcoin's popularity can grow in the future.
It's really nice to hear that houses are currently being bought and sold with Bitcoin. We look at this to understand how much Bitcoin has flourished today and how much it has tried to change the world. Today more and more people accept Bitcoin, and it is possible to buy different products with Bitcoin, since houses sold in Portugal accepted Bitcoin payments, so I think in the future more merchants will accept Bitcoin when selling different things. I believe that Bitcoin will rule the world one day and every country will have different purchases completed with Bitcoin. Since houses are bought in Portugal with bitcoins, I think maybe they will accept bitcoins for buying and selling land in the future.
You should really refrain up bumping threads which had been that no response or not active for 2 weeks but somewhat if the response is relevant then it wont really be that much of an issue.Going back into the topic, any signs or things that correlates with Bitcoin adoption specially on its utility as a payment method then it would be always that giving that positive vibes.
The only thing that i dont like on buying things using up Bitcoin is that you do really miss out the opportunity on making profits on just simply holding it. Well, there are people who do really focuses
or really that giving out importance when it comes into its utility.
Lets show some example about the biggest or one of the expensive houses been bought using Bitcoin.
In June 2021, when the cryptocurrency markets were soaring, the developers of the Arte condominium in Miami’s Surfside neighborhood announced that a buyer had purchased a penthouse there for $22.5 million in cryptocurrency.
https://www.wsj.com/articles/florida-penthouse-bought-with-crypto-sells-for-18-million-cash-11671732075
Just wow!
It's really nice to hear that houses are currently being bought and sold with Bitcoin. We look at this to understand how much Bitcoin has flourished today and how much it has tried to change the world. Today more and more people accept Bitcoin, and it is possible to buy different products with Bitcoin, since houses sold in Portugal accepted Bitcoin payments, so I think in the future more merchants will accept Bitcoin when selling different things. I believe that Bitcoin will rule the world one day and every country will have different purchases completed with Bitcoin. Since houses are bought in Portugal with bitcoins, I think maybe they will accept bitcoins for buying and selling land in the future.
At the beginning of this month (May 2022), a house was sold in Portugal, in which it was fully paid for with Bitcoin. This was made possible, thanks to a new decree of law that allows crypto exchanges for houses. The house cost 3BTC at the time and it was all done legally.
You can find out more in these news:
EN: https://finbold.com/house-in-portugal-sold-for-3-bitcoins-in-a-historic-first-ever-direct-sale/
PT: https://www.idealista.pt/news/imobiliario/habitacao/2022/05/06/52164-casa-em-braga-e-comprada-por-3-bitcoins-e-a-1a-transacao-100-cripto
But the highlight now goes to the platform created by the real estate company responsible for this sale, where it lists all the properties that can be acquired with Bitcoin.
Cryptohouses
In addition to presenting a series of properties available to buy with Bitcoin, the company still gives full legal support so that everything is done according to the law.
___
NOTE: I have no connection to this property, I'm just sharing the information. I'm from Portugal and I can give you a few more details.
I think it is very good news for all of us who are related with Bitcoin. If Bitcoin legal in Portugal there no problem but Bitcoin were illegal there are some problem. Because government or legal authorities will creat problem and that will creat negative impact on bitcoin and crypto currency market. Overall i think if bitcoin were not illegal in Portugal it will create positive impact on cryptocurrency market. And it will be milestone for Bitcoin. Because usability of bitcoin will increase and Bitcoin will more popular and credible. But i think every country will think positive for bitcoin considering it’s necessity.You can find out more in these news:
EN: https://finbold.com/house-in-portugal-sold-for-3-bitcoins-in-a-historic-first-ever-direct-sale/
PT: https://www.idealista.pt/news/imobiliario/habitacao/2022/05/06/52164-casa-em-braga-e-comprada-por-3-bitcoins-e-a-1a-transacao-100-cripto
But the highlight now goes to the platform created by the real estate company responsible for this sale, where it lists all the properties that can be acquired with Bitcoin.
Cryptohouses
In addition to presenting a series of properties available to buy with Bitcoin, the company still gives full legal support so that everything is done according to the law.
___
NOTE: I have no connection to this property, I'm just sharing the information. I'm from Portugal and I can give you a few more details.
Maybe they are worried about the security since they are dealing with huge amount so maybe that's the reason why they didn't choose to use bitcoin on that transaction. If I am also the seller or buyer I will directly use fist since I can't take to have stress dealing with huge amount and let it sleep on your wallet for 24 hours or more than that since we don't know when the hacking issue comes. Maybe in future if we know that platforms or bitcoins is 100% sure people will gain confidence to use bitcoin on huge transactions especially buying a real estate assets.
At the beginning of this month (May 2022), a house was sold in Portugal, in which it was fully paid for with Bitcoin. This was made possible, thanks to a new decree of law that allows crypto exchanges for houses. The house cost 3BTC at the time and it was all done legally.
You can find out more in these news:
EN: https://finbold.com/house-in-portugal-sold-for-3-bitcoins-in-a-historic-first-ever-direct-sale/
PT: https://www.idealista.pt/news/imobiliario/habitacao/2022/05/06/52164-casa-em-braga-e-comprada-por-3-bitcoins-e-a-1a-transacao-100-cripto
But the highlight now goes to the platform created by the real estate company responsible for this sale, where it lists all the properties that can be acquired with Bitcoin.
Cryptohouses
In addition to presenting a series of properties available to buy with Bitcoin, the company still gives full legal support so that everything is done according to the law.
___
NOTE: I have no connection to this property, I'm just sharing the information. I'm from Portugal and I can give you a few more details.
I think it is very good news for all of us who are related with Bitcoin. If Bitcoin legal in Portugal there no problem but Bitcoin were illegal there are some problem. Because government or legal authorities will creat problem and that will creat negative impact on bitcoin and crypto currency market. Overall i think if bitcoin were not illegal in Portugal it will create positive impact on cryptocurrency market. And it will be milestone for Bitcoin. Because usability of bitcoin will increase and Bitcoin will more popular and credible. But i think every country will think positive for bitcoin considering it’s necessity.You can find out more in these news:
EN: https://finbold.com/house-in-portugal-sold-for-3-bitcoins-in-a-historic-first-ever-direct-sale/
PT: https://www.idealista.pt/news/imobiliario/habitacao/2022/05/06/52164-casa-em-braga-e-comprada-por-3-bitcoins-e-a-1a-transacao-100-cripto
But the highlight now goes to the platform created by the real estate company responsible for this sale, where it lists all the properties that can be acquired with Bitcoin.
Cryptohouses
In addition to presenting a series of properties available to buy with Bitcoin, the company still gives full legal support so that everything is done according to the law.
___
NOTE: I have no connection to this property, I'm just sharing the information. I'm from Portugal and I can give you a few more details.
At the beginning of this month (May 2022), a house was sold in Portugal, in which it was fully paid for with Bitcoin. This was made possible, thanks to a new decree of law that allows crypto exchanges for houses. The house cost 3BTC at the time and it was all done legally.
You can find out more in these news:
EN: https://finbold.com/house-in-portugal-sold-for-3-bitcoins-in-a-historic-first-ever-direct-sale/
PT: https://www.idealista.pt/news/imobiliario/habitacao/2022/05/06/52164-casa-em-braga-e-comprada-por-3-bitcoins-e-a-1a-transacao-100-cripto
But the highlight now goes to the platform created by the real estate company responsible for this sale, where it lists all the properties that can be acquired with Bitcoin.
Cryptohouses
In addition to presenting a series of properties available to buy with Bitcoin, the company still gives full legal support so that everything is done according to the law.
___
NOTE: I have no connection to this property, I'm just sharing the information. I'm from Portugal and I can give you a few more details.
I think it is very good news for all of us who are related with Bitcoin. If Bitcoin legal in Portugal there no problem but Bitcoin were illegal there are some problem. Because government or legal authorities will creat problem and that will creat negative impact on bitcoin and crypto currency market. Overall i think if bitcoin were not illegal in Portugal it will create positive impact on cryptocurrency market. And it will be milestone for Bitcoin. Because usability of bitcoin will increase and Bitcoin will more popular and credible. But i think every country will think positive for bitcoin considering it’s necessity.You can find out more in these news:
EN: https://finbold.com/house-in-portugal-sold-for-3-bitcoins-in-a-historic-first-ever-direct-sale/
PT: https://www.idealista.pt/news/imobiliario/habitacao/2022/05/06/52164-casa-em-braga-e-comprada-por-3-bitcoins-e-a-1a-transacao-100-cripto
But the highlight now goes to the platform created by the real estate company responsible for this sale, where it lists all the properties that can be acquired with Bitcoin.
Cryptohouses
In addition to presenting a series of properties available to buy with Bitcoin, the company still gives full legal support so that everything is done according to the law.
___
NOTE: I have no connection to this property, I'm just sharing the information. I'm from Portugal and I can give you a few more details.
Bitcoin in Portugal is legal which makes it possible to buy a house in Portugal with Bitcoin. No problem as Bitcoin is legal in Portugal and there is no tax on Bitcoin and Crypto in Portugal. That is why there will not be any problem on Bitcoin but it will create a positive impact on Bitcoin instead of negatively impacting it. And this is really a great milestone for me that will make Bitcoin more popular in the future. They make bitcoin usable because trust depends on it, and this bodes well for bitcoin and the future will gain more popularity.
In summary, the regulation tries to charge the speculators, but leaves alone the long term investors/holders. Although I like the idea, it still poses some risks to newbies who start trading without a clear idea of what they are doing, who can get an unpleasant surprise if they don't manage their transactions properly.
Yes, you have to know how to manage well.
Buying at times when the person knows they won't sell. Or perhaps using platforms without KYC. And sell only when you know you haven't bought in the last year.
It requires greater management, but in general it was a good measure approved. We'll see how long it lasts.
Jump to: