Did you know that you can use your cryptocurrency to buy real estate? 

Your cryptocurrency can help you in purchasing real estate only if your seller is onboard. The seller will either ask you to cash out your cryptocurrency or will accept it in the crypto of their choice. Since crypto is not a legal tender of currency, this can be a tricky situation.

What if I told you that you can leverage your crypto for your purchase?

I am sure you are interested! There are lenders out there who would allow you to borrow against your crypto.

Want to know how it works?

Although buying or selling real estate using crypto is possible, finding lenders, escrow or title companies that will be onboard are seemingly less. Thus, it’s best to convert your cryptocurrency to cash first. This will open up a number of options for you and will make the process easier. 

First make sure you know the value of your crypto and what you hold.

Most lenders will lend against only certain crypto currencies and between 25%-75% of your crypto’s value.

The rates can be upwards of 1%-10% depending what you hold, how volatile your crypto is and how much you are looking to borrow against it.

Once you agree on the terms, you will be asked to transfer your crypto to a holding app, and its transferred back to you once the payment terms are met.

Have questions? Leave me a comment or send me a message.