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Topic: Is Buying Property with Bitcoin Legit or Just a Scam? (Read 93 times)

hero member
Activity: 574
Merit: 554
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My guess is, it's either op is trying to avoid extra charges from converting his crypto to fiat or he's avoiding attention. There's certain amount that will enter your bank account and you'll be invited by the authorities to proof the source of the funds, so that could be it.
Who would now pay the transaction fee? The transactions will be part of what the buyer would pay as agency fees. These agencies are in business to make money, they don't give free services.

The idea of trying to avoid suspicion by the government is a good point. Some countries also have unfriendly crypto laws which might make crypto users want to use middlemen.

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On a personal level, buying properties on the Internet using crypto is something I wouldn't dare because of the high rate of online scams and the large amount of money involved. If I get scammed I'm not sure I'll be able to get over it.
There are some genuine real estate companies that accept cryptos for payments. Bitcoin is a currency and can be accepted by many reputable organizations.
legendary
Activity: 994
Merit: 1089
Wheel of Whales 🐳
On a personal level, buying properties on the Internet using crypto is something I wouldn't dare because of the high rate of online scams and the large amount of money involved. If I get scammed I'm not sure I'll be able to get over it.
Would you buy a property over the internet with fiat? If the service is an illicit one, you will also be scammed; it is not the tool you use for payment that matters, it is if the service is legit or not. Scammers have been defrauding people using fiat amd other tools for a very long time. Like i have already said, if the service is legitimate and crypto is not banned in your country, you can pay with crypto and everything will go smoothly.
sr. member
Activity: 658
Merit: 441
You don't just believe everything you see on the internet. They claimed to have sealed many property deals but how can we verify them. It could be legit or a scam.

From the company's profile, they just serve are an intermediary between the buyer and seller. Their responsibility is to seek properties to sell and help you convert your cryptocurrencies to fiat to facilitate payment.

Why would I want to risk buying a property through this company when I can actually convert my crypto to fiat through an exchange or P2P and pay for the property by myself.
My guess is, it's either op is trying to avoid extra charges from converting his crypto to fiat or he's avoiding attention. There's certain amount that will enter your bank account and you'll be invited by the authorities to proof the source of the funds, so that could be it.

On a personal level, buying properties on the Internet using crypto is something I wouldn't dare because of the high rate of online scams and the large amount of money involved. If I get scammed I'm not sure I'll be able to get over it.
legendary
Activity: 2002
Merit: 4735
I read Alex K's review from the Russian Federation. In Turkey, companies accept cryptocurrency, although it may not be allowed by law, so the contract may not specify payment in cryptocurrency and the amount of the property purchase transaction is often underestimated due to high taxes.

In any case, you must have an official income and proof of source of funds. If you have this and payment in cryptocurrency is not prohibited, it does not matter. Most crypto users do not have proof of source of funds and risk being audited by the tax authorities.

I could be wrong, but cryptocurrency has a shadowy tinge of earning, and such transactions may be checked more often than regular fiat transactions.
hero member
Activity: 910
Merit: 680
For sure @OP is just promoting his site instead of asking it genuinely.

But keep one thing in mind, if cryptocurrency is not a legal tender in your country, there's a high chance that you will not have the ownership of the property as crypto is not a recognised currency system.
True, it would be silly if the company scammed your coins and after you report them to the authority, the authority choose to put you in the jail because you broke the regulation in your country for using Bitcoin as payment.

Even though the usage of Bitcoin as a currency is the best when we buy expensive thing, but due to this case, I don't want to use Bitcoin.
legendary
Activity: 994
Merit: 1089
Wheel of Whales 🐳
The question here should not be about the payment option, you can be scammed if you pay with fiat or anything else at all. Your question should be if the company here is legit, because a scam company can scam you with any tool, be it crypto or fiat. I don't know if this company is a legitimate one, how did you meet them? If the company is not a scam, then you can pay them with BTC and you'll have no problems, there are so many companies, merchants and services that accept BTC and crypto for payment.
hero member
Activity: 574
Merit: 554
Leading Crypto Sports Betting & Casino Platform
Also, they claim that the process is straightforward reliable, and handled by their experienced agents.

Now what do you think about this? Is it legit or just a scam?

Thanks.
You don't just believe everything you see on the internet. They claimed to have sealed many property deals but how can we verify them. It could be legit or a scam.

From the company's profile, they just serve are an intermediary between the buyer and seller. Their responsibility is to seek properties to sell and help you convert your cryptocurrencies to fiat to facilitate payment.

Why would I want to risk buying a property through this company when I can actually convert my crypto to fiat through an exchange or P2P and pay for the property by myself.
newbie
Activity: 6
Merit: 0
Once you are certain it is being done legally in your country, who would this likely appeal to? Most Bitcoin users wouldn't want - or have - that much ready to spend. The Early Miners/Buyers of large BTC amounts are the logical target for these offers.  
legendary
Activity: 3668
Merit: 6382
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Now what do you think about this? Is it legit or just a scam?

I won't click the link and I don't know about that specific company. But I've seen companies selling expensive stuff for bitcoin and crypto, some even cars or real estate.
In some cases "the trick" is simply that they have a deal with a payment processor that accepts bitcoin/crypto and they (intermediary) and the property seller (usually a company that builds the houses or buildings) actually receive local currency.

So while I will not say anything about this particular company, is can very well be legit.
Of course, if you go for it, pay very good attention to all the papers before sending the money. But this is the same also when you buy for fiat, isn't it?
legendary
Activity: 3080
Merit: 1500
I see that this company is accepting crypto payment but also converting it before sending to the seller's account. So it's just giving you an opportunity to utilise your cryptocurrency to buy a real estate property.

I don't know if this company is a scam or not. But keep one thing in mind, if cryptocurrency is not a legal tender in your country, there's a high chance that you will not have the ownership of the property as crypto is not a recognised currency system.

So it's best to get a clarity before initiating any transaction with them.
?
Activity: -
Merit: -
Hey everyone! Wondering if buying real estate with cryptocurrency is legit or just a scam?

A real estate company called TEKCE announces an opportunity to purchase property using Bitcoin, Ethereum, or USDT. They say that they've completed over 2,500 sales using cryptocurrency!

Here is the link: https://tekce.com/pay-with-cryptocurrency

Also, they claim that the process is straightforward reliable, and handled by their experienced agents.

Now what do you think about this? Is it legit or just a scam?

Thanks.

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