How to Buy Watches with Bitcoin & Crypto - 5 Best Places Reviewed
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
Looking to buy a watch with crypto but not sure where to start? In this guide, we explore where to buy watches with Bitcoin, reviewing five popular stores.
Read on to find the perfect watch by leading brands like Rolex, Hublot, TAG Heuer, Omega, and more.
Quick Guide on How to Buy a Watch With Crypto
Looking to buy watches with Bitcoin right now? Follow the step-by-step guide below to learn how to buy watches with crypto:
- Step 1: Decide where to buy watches with crypto: First, choose a suitable online watch retailer that accepts crypto. The best option in the market is Crypto Emporium, which offers a huge range of luxury watches from $240 to over $600,000.
- Step 2: Open an account: Next, open an account with Crypto Emporium. This only takes a minute and simply requires some personal information.
- Step 3: Choose a watch: Click on the 'Watches' button and use the filter buttons to find the perfect timepiece. Filters include the brand, condition, price, and whether or not the watch comes with the original box and papers.
- Step 4: Enter shipping information: Next, type in the full address that the watch should be delivered to. Crypto Emporium delivers to over 125 countries.
- Step 5: Choose a crypto and complete the payment: Now choose the crypto that will be used to pay for the watch. Crypto Emporium accepts Bitcoin, Ethereum, XRP, Tether, and more. Then, transfer the crypto tokens to the wallet address provided. Crypto Emporium will then dispatch the watch.
Scroll down to find a more detailed step-by-step process on how to buy watches with Bitcoin and other cryptocurrencies.
Where to Buy Watches With Bitcoin - Top 5 Crypto Watch Stores Reviewed
In this section, we explore where to buy watches with crypto. We review five leading crypto watch sites that offer the ultimate customer experience.
1. Crypto Emporium - Overall Best Place to Buy Luxury Watches
When assessing where to buy watches with Bitcoin and other cryptocurrencies - look no further than Crypto Emporium. Established in 2018, Crypto Emporium is a crypto-only retailer that lists thousands of products, including watches. It offers a huge selection of watches to suit all budgets, with prices ranging from $240 to over $600,000.
Crypto Emporium lists more than 17 luxury watch designers, this means you can buy a Rolex with Bitcoin, as well as a whole range of other brands including Jack Mason, Omega, Hublot, Gucci, and Cartier. Others include Richard Mille, Patek Phillippe, and Longines. The highest-priced timepiece available is a Rolex Daytona Rainbow Pave Factory. This retails for over $690,000.
Then there's a Richard Mille RM-011 FM 'Felipe Massa' Asia Exclusive 50 Limited at $611,000. Looking for a luxury watch for under $150,000? Consider a Patek Philippe Nautilus Chronograph White, which retails for $130,000. At the other end of the scale, there are also watches that sell for under $1,000.
This includes a Jack Mason Pursuit Chronograph, Test Watch by Olga, and a Citizen Eco-Drive Chandler. When browsing the many watches listed by Crypto Emporium, there is a range of filters to make the process seamless. Buyers can filter by the brand, condition (e.g. new, good, etc.), and price. There is also an option to only view watches that come with the original box and papers. After choosing a watch on Crypto Emporium, buyers can select their preferred cryptocurrency.
Options include Bitcoin and some of the best altcoins, such as Ethereum, XRP, Tether, and Dogecoin. In terms of shipping, Crypto Emporium delivers to over 125 countries. Shipping fees will vary depending on the chosen watch and the delivery country. For example, shipping an IWC Mark XVIII Le Petit Prince Blue Dial to the UK costs $70. This includes delivery insurance.
There is also a service fee charged by Crypto Emporium, amounting to 0.87%. This is clearly displayed on the order page. In addition to watches, Crypto Emporium offers dozens of other product categories. This includes everything from designer clothing, smartphones, and cameras to laptops, toys, and jewelry.
Crypto Expoorium even lists cars and real estate. The latter includes properties throughout the US, Europe, Asia, and more. Just like its luxury watch collection, real estate listings on Crypto Emporium are suitable for all budgets. Finally, Crypto Emporium also offers 4% cashback on all purchases, paid in crypto.
2. Prestigetime - Great Selection of Entry-Level Luxury Watches
Launched in 1999, Prestigetime is an established online watch dealer. It offers a huge range of watches, all of which can be purchased with Bitcoin. It also accepts some of the best utility tokens, including Ethereum and Litecoin. Although Prestigetime is based in New York, it also delivers internationally. Just like Crypto Emporium, delivery fees depend on the type of watch and the location of the buyer.
Nonetheless, this is one of the best places to buy entry-level luxury watches. For instance, it offers nearly 50 Tag Heuer watches for under $10,000. Prices start at $1,290, which is for the Tag Heuer Formula 1 Quartz 41mm. With that said, Prestigetime also sells luxury watches for those on a much higher budget.
For instance, a Hublot Big Bang UNICO 42mm 441.JY.4909.RT Yellow Sapphire can be purchased for just over $93,000. A Hublot Big Bang UNICO 42mm 441.ox.1118.LR.0999 is retailing for $75,000, while a DeWitt Academia Quantieme Perpetual GMT Nebula costs almost $60,000. Other popular watch brands include Rolex, Omega, and Cartier.
However, Prestigetime does not list any watches by Richard Mille or Patek Phillippe. Moreover, ultra-luxury collectors will not find any watches for over $100,000. Another drawback of Prestigetime is that its website is a bit outdated. This makes it challenging to find the perfect watch, as filters are limited.
3. Breitling - Mid-Range Luxury Watches With NFT Ownership
Breitling is a luxury watch brand that is renowned for timeless quality. This luxury watchmaker is popular with collectors that seek mid-range timepieces. The vast majority of watches are in the $20,000 - $60,000 range.
At the higher end, this includes Premier B21 Chronograph Tourbillon 42 Willy, which retails at $57,000. Then there's a Navitimer 1959 Edition at just under $40,000. There are also luxury watches for under $10,000. This includes a Chronomat B01 42 ($9,750) and a Premier B01 Chronograph 42 ($9,100).
Another reason to choose Breitling each watch comes with its own NFT. This makes the process of transferring ownership of the watch seamless, as it simply requires a transaction on the blockchain. The main drawback with Breitling is that it does not list other luxury watch brands.
4. Timepiece Bank - Huge Selection of Rolex Watches
Timepiece Bank is a traditional watch store that was launched in 2004. In addition to fiat money, the platform also supports crypto. In fact, Timepiece Bank has partnered with BitPay, so plenty of cryptocurrencies are supported. This includes some of the best meme coins, such as Dogecoin. We found that Timepiece Bank is one of the best online stores to buy a Rolex.
This is because entry-level buyers will find Rolex watches from just €6,950. This is for a Rolex Oyster Perpetual that has never been worn. But it can't be sold as new as it has previously been taken out of the box. Those with a slightly higher budget will find a range of Rolex Datejust models, which retail for €10,750.
The most expensive Rolex watch offered is a Cosmograph Daytona at €165,000. In addition to Rolex, Timepiece Bank lists dozens of other luxury watch brands. This includes everything from Bulgari and Gucci to Hublot, Richard Mille, and Patek Philippe. All luxury watches come with a minimum warranty period of two years.
Customer service is offered via email and Whatsapp. Finally, Timepiece Bank offers a 14-day refund policy on the proviso the watch hasn't been used or damaged.
5. Jomashop - Multi-Product Store With Luxury Watches
Jomashop is another option to consider when exploring how to buy watches with Bitcoin. This option is suited for watch collectors with an unprecedented budget. This is because Jomashop sells watches that are worth several million dollars. For example, the PATEK PHILIPPE Grand Complications Hand Wind Blue Dial Men's Watch 6300G-010 retails for $7.6 million.
While a RICHARD MILLE Tourbillon Pablo Mac Donough Black Dial Watch RM 53-01 sells for $1.2 million. One of the best watches for under $1 million is the ROLEX Rainbow Sapphire Daytona Chronograph Automatic Chronometer Diamond Black Dial Unisex Watch 116595 RBOW-0001, retailing for $775,000.
Looking for something under $2,000? If so, Jomashop has a huge range of Tag Heuer watches, both new and pre-owned. Jomashop is a multi-product store, as it offers other items in addition to luxury watches. This includes sunglasses, fragrances, jewelry, and handbags. As such, Jomashop offers some of the best things to buy with Bitcoin.
Why Buy a Watch With Crypto?
Discussed below are some of the key benefits when electing to buy luxury watches with Bitcoin.
Using Bitcoin and other cryptocurrencies to buy luxury watches is extremely safe. This is because payments are made externally, on a wallet-to-wallet basis. The transaction will be posted to the blockchain, ensuring full transparency.
This safety net is in contrast to traditional payment methods. After all, it is far from safe to enter credit card details for a high-value purchase.
Low Transaction Fees
Another thing to consider when exploring how to buy watches with Bitcoin is transaction fees. Irrespective of how much is being sent, crypto transaction fees are not based on the transaction size.
For instance, the same fee will be applicable when sending $100 and $1 million worth of Bitcoin. This is ideal for buying high-value watches online.
Cash Out Without a Bank
Looking to sell some Bitcoin, but don't want to go through a bank? If so, buying a luxury watch is a great way to achieve this goal.
After all, the transaction can be completed in a matter of minutes, and buyers can select a luxury watch to meet their goals.
The watch can then be stored long-term as an investment product. Just remember that buying a watch with Bitcoin will still be classed as a taxable event in most countries.
While many collectors buy watches as fashion accessories, others do so for investment reasons. This is because luxury watches will often appreciate in value, similar to real estate.
As such, this offers a great way to diversify away from the crypto space and into another alternative investment market. Recent estimates suggest that luxury watches will increase by 69% every decade.
But this will ultimately depend on the specific timepiece. For instance, the same study suggests that Rolex is the most reliable watch to buy as an investment.
When discussing where to buy watches with Bitcoin, we mentioned that Crypto Emporium offers cashback on all purchases. This amounts to 4% of the purchase amount, which is huge.
For example, buying a $10,000 watch would yield $400 in cashback. The cashback is paid 30 days after buying a watch and paid in digital tokens via a crypto giveaway.
Is it Safe to Use Bitcoin When Buying Watches?
As discussed above, buying watches with Bitcoin and other cryptocurrencies is extremely safe. This is because the payment is made from a private wallet. Just like depositing funds into a crypto exchange, the wallet's private keys are never shared with the watch store.
However, it is important to choose carefully when assessing where to buy watches with Bitcoin. After all, not all watch stores are legitimate. On the one hand, there are estimated watch stores like Crypto Emporium, which has been in business since 2018.
Furthermore, Crypto Emporium is a crypto-only watch store, as it is a specialist in processing blockchain transactions. However, we also came across crypto watch stores that appear to be scams. As such, watch buyers should do some due diligence on the store before proceeding.
Full Guide on How to Buy a Watch With Bitcoin
Ready to buy a watch with Bitcoin? Below, we offer a full step-by-step walkthrough on how to buy a watch with Crypto Emporium.
Step 1: Open an Account
First, visit the Crypto Emporium website and click on 'Create Account'. This will require the buyer's personal information and delivery details.
Confirm the account by clicking on the link that Crypto Emporium emails.
Step 2: Choose a Watch
Next, browse the many luxury watches available on Crypto Emporium. The platform makes this simple through filters, such as pricing and brands.
Buyers can also use the search box. Click on a watch to view its description and specification. Click on 'Add to Cart' to proceed.
Step 3: Check Delivery Information
On the checkout page, Crypto Emporium displays the number of days it will take to receive the watch. In our example, we are being told between 4-15 days. Crypto Emporium will also display the shipping fee.
We are being quoted $120, and this includes suitable delivery insurance. There is also a 0.87% service fee, which is clearly displayed in the order summary. Buyers can also choose their preferred cryptocurrency.
As noted earlier, Crypto Emporium accepts Bitcoin and some of the best future crypto projects. This includes Dogecoin, XRP, Tether, Ethereum, Litecoin, Bitcoin Cash, and Dash.
Step 4: Transfer Crypto to Complete the Payment
After clicking on the 'Place Order' button, Crypto Emporium will display the wallet address that the funds should be sent to.
Buyers can copy the address and head over to their private wallet to complete the payment. Crypto Emporium will send an email once the payment has been received.
Step 5: Follow Delivery Updates
After the order and payment are confirmed by Crypto Emporium, the platform will ship the watch as soon as practically possible.
This will be in line with the estimated delivery time given on the summary page. To keep up-to-date with the delivery process, buyers can log in to their Crypto Emporium account.
In summary, buyers should tread carefully when exploring where to buy watches with crypto. Not only in terms of the store's reputation, but pricing, delivery times, and the overall customer experience.
Crypto Emporium is the best place to buy luxury watches with crypto. It offers hundreds of watches to suit all budgets, with brands including Rolex, Richard Mille, Patek Phillippe, Longines, and many others.
We found that Crypto Emporium offers great prices on luxury watches and super-fast delivery times. Moreover, Crypto Emporium has a great reputation, with the platform launching in 2018.
Is it possible to buy a watch with crypto?
Yes, this guide has reviewed five of the best places to buy a watch with crypto, including Crypto Emporium, Prestigetime, Breitling, Timepiece Bank, and Jomashop.
How do you buy a Rolex with Bitcoin?
To buy a Rolex with Bitcoin, open an account with Crypto Emporium and choose from dozens of models.
Where can you buy watches with Bitcoin?
In terms of fees, reputation, shipping times, and overall customer experience - Crypto Emporium is the best place to buy watches with Bitcoin.
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.