NewsIs Buying Cars with Crypto a Thing?


Is Buying Cars with Crypto a Thing?

It’s astounding that people are still asking – is buying cars with crypto a thing? 100% yes, it is a thing!

Buying a car with cryptocurrency is not as complicated as it might seem, if you use the right merchant. It’s important to consider the price of the vehicle in crypto, but if you can find a seller who accepts cryptocurrencies, then it’s just a matter of transferring money from one account to another.

Independent and franchised dealers don’t tend to take crypto themselves. But, there are fantastic third-party services such as the AutoCoinCars marketplace which has hundreds of partnered car dealerships on board, with thousands of cars for sale to choose from the buy with crypto.

Find a car you want to buy.

Now that you have your cryptocurrency, it’s time to start looking for a car. The first step is to make sure you know what kind of vehicle you want before searching for one. Do some research and find out which cars are best suited for your needs and lifestyle; consider factors such as price, gas mileage and safety ratings before making a decision. You may also want to check with friends or family members who own cars about their experiences with them–they can provide valuable insight into what makes certain models great or terrible!

Once you’ve decided on which vehicle will suit your needs best (and taken care of all other preparations), it’s time for the fun part: buying it! This process is similar whether purchasing with cash or cryptocurrency; however, since we’ll be using Bitcoin specifically here’s how things go down:

Make sure the seller will accept cryptocurrency for the sale.

To buy a car with cryptocurrency, you’ll need to find a seller who is willing to accept crypto.

The process of selling a car in cryptocurrency can be complicated for both parties involved and there are several steps involved before you can drive away in your new ride. First, make sure that the person selling their vehicle will accept digital currency as payment you don’t want to waste time on an arrangement that won’t work! Then explain how to go about completing transactions using blockchain technology or cryptocurrencies like Bitcoin (BTC), Ethereum (ETH) or Litecoin (LTC). For example: “I’m going to send X amount of BTC from my wallet address Y at Z time.”


  • Research the price of the car in cryptocurrency.
  • Find the current price of the car in cryptocurrency.
  • Find the current price of the car in fiat.
  • Compare the two figures to get an idea of how much you’ll have to pay in crypto depending on the exchange rate.
  • Determine the amount of crypto you will need to make the purchase.

To determine the amount of cryptocurrency you will need to buy the car, you can use a website like CoinMarketCap or CryptoCompare. These websites allow users to convert one type of crypto into another and calculate how much fiat currency it will be worth in dollars or euros. For example, if you want to buy a car with bitcoin, these sites tell us that 1 BTC is worth around $23,764 USD as of February 2023.


Find an appropriate exchange on which to buy your coins or tokens.

The first step in buying a car with cryptocurrency is finding an appropriate exchange on which to buy your coins or tokens. The next steps depend on the type of car you want, but generally speaking, you’ll need:

  • An exchange rate that is favourable for both parties (you and the seller).
  • Security measures are in place to protect both parties from fraud and theft of funds.
  • Transaction fees that are low enough for both parties to afford without sacrificing too much profit margin (if any).

Transfer your crypto holdings from your bank account to your exchange account.

Once you’ve purchased the cryptocurrency of choice, it’s time to transfer it from your exchange account over to the seller’s account.

To do this, go back over to Coinbase and click on “Accounts.” Now select “Send,” enter in the amount in USD (or equivalent) that you want to send, add a memo if necessary and click “Continue.” On this screen make sure that all three fields are filled out correctly (destination address; amount being sent; fee) then hit “Confirm” at the bottom right corner of this page.

Purchase your coins or tokens and transfer them over to the seller’s account.

Once you know what kind of car you want to buy, it’s time to put your cryptocurrency where your mouth is.

To make the purchase, the seller should provide you with a wallet address. 

It might be easier than you think to buy a car with cryptocurrency

Cryptocurrency is a great alternative to fiat currency, and it’s becoming more widely accepted every day. If you’re looking to buy a car with cryptocurrency, here are some tips:

Be sure that the dealer accepts cryptocurrency before making your purchase. Some dealerships may not be familiar with this form of payment yet and won’t take it from you if they don’t want to bother learning how it works or what kind of risks might be involved in accepting it as payment for their goods or services.

Make sure that you know how much your desired vehicle costs in dollars before converting its price into cryptocurrency (you’ll need this number later). For example, if your goal is $50K worth of cars but all of them cost $45K apiece on average then there’s no point buying something expensive just because the seller happens not to accept any other forms besides cash or credit cards–you could end up spending more than necessary while still getting less value out of your purchase!

If you want to buy a car with cryptocurrency, it’s important to know that it can be done. There are many different ways to go about this process and each one will have its own pros and cons. But if all goes well, then soon enough you’ll be driving around in your new ride while listening to some of those old-school tunes!

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