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How to Buy a House with Bitcoin: A Guide for the Crypto Rich

Alex Lielacher
Last updated: | 4 min read
Source: Adobe/leungchopan


The acceptance of digital currencies like bitcoin (BTC) as a payment method continues to grow globally. Bitcoin payment providers like BitPay and BTCPay Server are making it easier for anyone to purchase a wide range of items, including real estate properties, with digital currency. 

Read on to learn how you can buy a house with bitcoin. 

The real estate market is (slowly) adopting bitcoin

The real estate market has taken notice of the potential to use bitcoin and other digital currencies for payments. 

For instance, in August 2021, the United Wholesale Mortgage announced a plan to start accepting bitcoin payments. While the plan was later shelved due to high costs and regulatory pressure, this signified interest in cryptocurrency as a payment method in the property market. 

This was not the first time crypto and the real estate industry had converged. In June 2017, possibly the first-ever known bitcoin sale of a family property occurred in Texas. According to the broker, Kuper Sotheby’s International, the transaction was processed through BitPay, which converted the bitcoin into US dollars. BitPay has also handled other real estate transactions including the BTC 2,739 (USD 82m today and USD 1.6m back then) sale of a Lake Tahoe property in 2014. 

Currently, numerous property listing sites allow buyers to transact directly and indirectly using digital currency. Sites like Open Listings allow buyers to search properties that accept cryptoassets like bitcoin and ethereum (ETH)

How to buy a house with bitcoin (crypto-to-crypto)

If you find a seller who is willing to accept BTC directly for their property, you can transfer the bitcoin equivalent of the home’s price and send it to the seller’s address once the sale has been agreed on and all documents signed. 

However, in crypto-to-crypto real estate deals, you will have to contend with bitcoin’s volatility and trust between transacting parties. 

To ensure the payment goes smoothly, it’s best to use an escrow service so that all ownership documents are in your possession before releasing funds to the seller.  

How to buy a house with bitcoin (crypto-to-fiat)

Alternatively, you can purchase a house using bitcoin by converting your coins into fiat currency at the time of sale by using a crypto payment provider. 

Through services like BitPay, buyers and sellers can protect themselves from bitcoin price fluctuations as the digital currency is exchanged into US dollars at soon as the payment is made. 

The majority of property companies that are listing properties for sale use a crypto payment provider to accept crypto but receive the funds in fiat currency. 

Pros and cons of buying a house with bitcoin

Let’s take a look at the benefits and drawbacks of buying a house using bitcoin. 


Acquiring a more stable asset 

The value of bitcoin can fluctuate wildly. Therefore, when you are buying a house using bitcoin you are trading a volatile asset for a less volatile asset, which may be the right move for specific types of investors. However, this can turn against you if BTC moons again.

Potential discount 

If a seller is comfortable with receiving bitcoin they may offer you a discount. Offering discounts to individuals who pay in bitcoin has become quite common among businesses that accept bitcoin, especially those that actually hold the digital currency on their balance sheets. 


Finding a seller 

Finding a home seller who accepts cryptocurrency is not an easy task. While some real estate listing sites allow you to filter sellers by adding words such as “bitcoin” to your search parameters, you often have to reach out to the sellers for further confirmation.

Bitcoin volatility 

Bitcoin’s fluctuating price makes it a risky payment option for sellers who may not receive the value they hoped to get if the price drops wildly shortly after a transaction. As a result, some sellers that accept digital currencies prefer to receive payments in stablecoins.

If you have been fortunate enough to have made a nice amount of money in the crypto markets and want to diversify into other assets, spending bitcoin to buy property may be an option for you that does not require selling your BTC first.
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