Bitcoin Forum

In some countries, you can buy or rent a house in bitcoins. But what are the tax and administrative implications?

In France, you can, in theory, buy with BTC, but you have to pay taxes and notary fees in euros.

Since you also have to pay capital gains tax and (unless I'm mistaken) prove the origin of the bitcoins. Justifying the origin of funds when you won cryptos with games or airdrops and then sold them to buy btc 15 years ago is almost certainly impossible.
In the end, it doesn't seem so attractive to buy in btc in France because of the administrative and tax complications, in addition to the 30% capital gains tax (unless I'm mistaken).

How is it in your country ?

Since Bitcoin is not a legal tender in our country the process of buying a house with it is probably different from using fiat. However, I believe it’s still legal as long as there is a contract that both the buyer and seller agree upon.

If the seller isn’t into Bitcoin, it’s still possible to use it by going through a local exchange by converting Bitcoin to fiat right after the transaction. That way, both parties get what they prefer, making the deal smoother. So as long as Bitcoin is not a legal tender, the process might be a bit complicated. However, proper documentation is still essential to ensure that you, as the buyer, are protected in case any unexpected disputes arise in the future.

Anywhere in the world where cryptocurrencies are not banned, it is possible to buy anything for BTC if there is someone selling something, and someone who wants to buy something in that way. Of course, every country has its own rules for such transactions, but I don't think it makes much difference whether you buy a house with fiat or BTC. If it's a large amount of money, you'll always need to prove its origin and pay all fees that are required by law.

However, the question arises whether it makes sense for someone to buy a house/apartment and pay with BTC (if that brings additional complications) or simply sell BTC and pay the money into a bank account and thus buy real estate. In addition, if you live in a relatively small country, it would certainly not be wise to attract attention in such a way - keeping a low profile in case you have a large value in cryptocurrencies is a matter of personal safety.

You can buy a house with bitcoin directly or indirectly and it depends on legality status of Bitcoin in your country. Usually, cashing out bitcoin first and use fiat currency to buy a house is a safer method. Purchasing a house directly with Bitcoin contains some risk, firstly legality status, secondly tax reports, but another risk that is so important, is irreversible Bitcoin transaction.

If by any reason, you were scammed but already made your Bitcoin transaction to a trade partner, you lost your bitcoin almost forever, except if you can file scam report to police for help. You can do it or can not do it, and it depends on legality status of Bitcoin and trades via bitcoin in your country.

Depends on value of your trade, assuming buying a house is a big trade, you must have enough confirmations.

• How many Bitcoin confirmations is enough? (https://bitcointalk.org/index.php?topic=5443953.0)

In my country, we almost always hide our BTC investments or portfolio from friends and neighbors because there's no saying the way the law enforcement agencies or even criminals may pounce on you just to get some BTC from you or get credited upon converting your BTC to Naira .

It may be next to impossible to even find a realtor willing to accept BTC as payments upon purchase of a house and because the C of O is along other payment documents, a requirement to present to authorities incase of questioning or change of ownership. Unless the seller understands your concerns and knows crypto currency so much so that they can convert and trade between pairs, thus accepting BTC from a buyer will be easy and documentation may not even be an issue at all.

I agree with this. Buying a house with BTC will only pose a problem if it's not really accepted in the country or the person with which you're doing business with isn't into trading with Bitcoin. Most people will prefer to buy with fiat because no need to start paying for taxes and all that with cash while you must have paid for the house. It's like paying for everything at a go with fiat.
 

Just like if you are buying the house with fiat or local currency. But people will follow legal procedures to acquire a house, making sure it is not scam. I see this just like fiat scam if possible it happens.

If you do not want any reorganization attack to occur (but which is not possible as bitcoin network is right now), you need to wait for 56 confirmations. The reorganization risk is 0% starting from 56 confirmations.

But the way bitcoin network is right now, there is no problem with having just 2 confirmations.

This have to do with the source to the house you're buying, maybe its form an individual bitcoiner who wish to sell his house and then you pay him or you're considering buying form government in which we already know that anything that has to do with task cannot be evaded on that, regarding the tax, anything that follows the use of government regulation must come under the payment of tax and you can't escape such, except when yours is a kind of p2p transaction without having to go through any regulatory bodies while making the payment.

On the website of Bitpay, we have the list of agencies accepting Bitcoin via Bitpay, in that case, it seems that there is a conversion into FIAT.

https://www.bitpay.com/directory/real-estate

- Here we can find links to agencies which accept btc : https://www.bitcoin.com/fr/bitcoin-real-estate/

As taxation and laws are constantly changing, I suppose real estate agencies adapt, disappear or finally refuse to accept payments in btc. But Switzerland seems to have regulated the purchase of real estate in btc.

It can only be possible for those countries that made BTC legal tender, because they are free to buy assets with BTC without braking the law of the land.

In my country you can't buy a house with BTC, because BTC is not legal tender and if you are caught with BTC transaction to your bank, your account will be block immediately and you will no longer have access to your money which is the law on ground in the country.This is the system we are using in our country to buy house with BTC, you will sell your BTC in the exchange market and convert the dollars to our fiat money before you will be able to buy the house with our currency.

Here in the Philippines it's possible to buy property with BTC but like in France there are tax and administrative challenges. Crypto is considered an asset here so selling BTC to buy a house would likely trigger capital gains tax. Plus most transactions still require conversion to PHP at some point as taxes, notary fees & other legal costs must be paid in fiat.

It is very much possible to buy a house with Bitcoin in my country because Bitcoin is popular here and highly treasured by mostly the younger generation. However, it depends mainly on the seller's willingness to accept Bitcoin because not all sellers will accept Bitcoin base on their personal reasons and the fact that our government still frown at Bitcoin and still have some unwritten rules prohibiting the use of Bitcoin from the conventional banking end. So, to avoid the problem, most sellers will decline unless those who are holding that will not be in a hurry to sell the Bitcoin.

For me, any business I'm involved in, I will appreciate transaction in Bitcoin because I'm a firm believer in Bitcoin and the comfort it offers as an alternative to fiat currency.

Buying a property in my country may be a personal business between the buyer and the seller, and whatever means that they accept as a medium of payment may actually stand. I think what is actually frowned upon in my country is listing your property in another currency, which is not the naira. For instance, people listing their property in dollars is heavily frowned upon and against the rules of my country, although some people still do it and are able to get away with it.

Not that I'm aware of in my country.

But I've read this interesting thread some time ago. Apparently it's possible in Portugal. Plus, it's paid directly with bitcoin. Yes, no conversion to fiat needed -- I typically just see real estate agencies facilitating conversions like those in Turkey.

I assume you'd still be subjected to the typical taxes in such sales. But perhaps OOP @joker_josue could shed more light.

The thread in question: > Buying a house with 100% Bitcoin is possible in Portugal (https://bitcointalk.org/index.php?topic=5399175.0)

There is nothing like zero risk in life. I believe in Bitcoin blockchain security, and many people believe similarly so that Bitcoin has very high value in the market.

It's pure belief that is not helpful for your fund safety so if you are carefully and don't want nothing wrong with your trade, you will take that confirmation number recommendations into account. The higher value of your trade with your trade partner, your concern on number of confirmation must be bigger and you naturally will wait a little bit longer like 30 more minutes, 60 more minutes to have better security and safety.

I believe that if you are trading your fortune, you will not take very high risk by 1 or 2 confirmations.

With very big trade, it makes sense to do it in several transactions.

I think it is same thing in almost all countries that you don’t list commodities or properties in currency not the country’s main currency, this is mostly associated with countries which there currency isn’t of high value as listing with other currencies will mostly make people pay in another currency than theres. As for bitcoin I don’t think there is no rule about how its tax will be payed since it is not approved yet as a tender. So I think any payment in bitcoin will most definitely be between the two parties involved but the quotation of the price will be in the local currency (Naira) and tax will be paid in same currency too I think.

It might be hard to believe, but this business isn't as heavily regulated in my country as in other countries. Lots of people buy houses from developers, run repairs and then resell it. In my country, if you buy an apartment and resell it after 2 years, you don't pay taxes, as far as I know,w but if you sell it before 2 years, you have to pay up to 20% capital gain tax.

I think that if you agree with the seller, you'll be able to buy a house with Bitcoins. The seller can lie and say that he paid with cash.
Btw rent is heavily unregulated here. People rent houses and don't pay any money to the government, they don't even fill any documents, so if your landlord agrees, paying rent with Bitcoins shouldn't be a problem.

In my country, though there are regulatory bodies that are charged with the responsibility of overseeing the activities of realtors, most realtors still sell properties without involving these agencies and that's why it's very possible for one to buy or rent houses with Bitcoin. Provided that the person that's selling or renting the house have a Bitcoin wallet address and have accepted that you make your transactions via BTC, it's absolutely possible to buy or rent houses in my country with Bitcoin.

I thought the thread was about whether 1 Bitcoin could buy a house in your country.

Legal discussions in a multinational forum yield limited results, especially since many still consider Bitcoin a higher-yielding investment than land or real estate.

So even if it were possible to buy a house with Bitcoin, I don't think you would do so if you had other options/investments.

I do not think having several transactions is necessary but it is good to check and recheck the address that you are sending to very well and make sure it is the correct address.

If you wait for more confirmations, the safer the transaction is on the blockchain. So I will agree with this. I only meant that if it is me, I can accept 2 confirmations. Another reason for my point is that if you are buying or selling a house from someone, you will know the person physically and also have the legal means to follow. It is not about chain reorg or 51% attack that should be what should bother the seller because the house can not move from one place to another or disappear. You can always contact the buyer. Also you can call for your lawyer if necessary.

not many countries allow people to buy property using bitcoin. like my country only allows using fiat to buy and sell property, you can't even use gold or other valuable assets to replace fiat in the transaction. and in this case, my government has also been strict to limit people from using crypto outside of its intended use as an investment. so no matter how you try, you just can't use bitcoin directly to buy property here.

Basically, since Bitcoin is considered property in most countries that recognize it, you have to pay capital gains tax on the amount you sold.

The computation works like this:

[1] Your selling price is the value of Bitcoin when you buy the house.
[2] Subtract the price at which you originally bought the Bitcoin from the selling price.
[3] The difference is your capital gain, which will be subject to tax.

For the seller of the house, they also have to pay capital gains tax on their end. So, in the end, both parties will have tax obligations.

As for the notary public, the contract can still be notarized and remain valid as long as both parties have a clear agreement on the form of payment used for the sale of the house.

Searching and finding this site https://cryptorealestate.cc/ and there are many nations in their list for available real estates. I guess purchasing real estates in those nations and locations by Bitcoin is allowed by law. If not, there is no listing like this with payment methods in Bitcoin and altcoins.

You can look at the site and have some raw information but if you actually want to trade a real estate, buying or selling, via Bitcoin and cryptocurrencies, you might need to get consultation from lawyers.

I don't think Bitcoin is legal to be used to buy something, it's actually in grey area.

Only few countries banned Bitcoin as a payment tool like Turkey, Vietnam, Thailand, Indonesia and Ecuador (https://en.wikipedia.org/wiki/Legality_of_cryptocurrency_by_country_or_territory).

What I worry is when you have a problem with the house, let's say the seller runaway after you successfully sent your coins. You've report the seller to the court and you can provide evidence if your transaction has been confirmed and sent to the seller, but the court could say they don't understand Bitcoin and it's not even publicly legal to be used as payment tool.

If such should happen then it should be by P2P agreement and no government involvement since btc is not taxable. You have to need a serious arrangement by the buyer or seller to get that done because I know most people would still prefer the traditional bank transfer in the transaction. However friends who understand bitcoin transaction or family members can easily do their easy business without third party interference. But I'm sure it is going to lead to problem and perhaps government involvement and sanction if a problem arise that gets to the court.

Bitcoin's main problem in my country has always been the issue of adoption and how the government sees it. There is still no clear law that governs it's usage yet, though a good number of users invest heavily in it. But I think an estate manager/seller, who is acquainted with Bitcoin technology won't have any issue collecting payments. Talking about taxes, well I don't think so, since the buyer might just be sending directly to the seller's wallet, and like I said, the government ain't really monitoring this things to their to some extent. So, it is very possible to do that, only if the seller understands what it is, and he's willing to accept.

Most house owners would not subscribe to accepting payment for their house in Bitcoin, and even as someone who intends to get a new home, it is not advisable to make payment using Bitcoin if the regulatory system around Bitcoin in your country is still tough to an extent. times are evil, and so when dealing with something that has a lot of problems as getting a house, caution and utmost care are needed to save oneself from stories that touch.

Bitcoin is not illegal in my country, but bitcoin related transactions are easily associated with scams because of how unpopular it still is. As an investor, I consider bitcoin an asset as much as I consider getting a house an asset. Using my bitcoin to purchase a house will mean I am trading what I term valuable for what is not all that valuable. legal documentation in the process of acquiring a house or landed property always requires some form of formal financial remittance, which in one way or the other requires that you get it done in the bank. Those are part of the limitations that is still associated with using bitcoin for this kind of payment, even if it is legal in some countries.

Overall my country does not allow users to buy a house with bitcoin, but there are exceptions.
For example: those who sell houses and those who buy understand in the way Bitcoin works, if they agree To sell a house with Bitcoin is not a problem for them, but they take care of letters and administration must use Fiat in general.

I am sure the different countries are different ways they make transactions in Bitcoin, that's the point of holding for Bitcoin users and the government, for that tax is not collected when Selling houses but collected when making transactions, as in general the government sets taxes for Bitcoin users.

Someone just confirmed what I wanted to ask a few posts above - given that paying with cryptocurrencies is prohibited in Turkey, how are such transactions reported to all relevant authorities in the country? Unless bribery and corruption are at such a high level that the law is just a dead letter on paper, so everyone does whatever they want as long as they pay those who should prevent them from doing so.

In my country there is no legal impediment to buy a house with Bitcoins and, in fact, at least one member of our local board although I won't say who admitted to having done it a few years ago.

I'm not sure about the requirements in practice to prove the origin of the bitcoins, but perhaps an easier way to do it would be to exchange it for fiat first (and pay whatever taxes are applicable in your country) and then buy the house with that fiat.

If the agreement between the seller and the buyer is to transact with btc then that would be possible in my country, there's no medium where it's compulsory to conduct such transactions in crypto, it's just the possible understanding between such party. Also, if the business requires a middle man like agent that comes between buyer and seller, they wouldn't want to receive their agent fee in Bitcoin but in local Fiat currency as agreed upon.

That's how it works in my country.

It can be done, but not without the drawback of having less ways to show that you own said property, I suppose.

Because, as it was said, it's a grey area in most of places.

There are also apps to do that from a centralized point of view, but I never dug into them too deeply.

In my country, to the extent that I know, you can use anything to buy anything as long as you and the seller agree to use it as a payment option for the property you want to buy. Where the major problem lies is with the company; if they are into accepting it, then you can buy the property with bitcoin.

Here we don't have a very clear law in terms of how crypto can be used; just have your proof of payment and let everything be based on an agreement between you and who you are buying properties from, and then you are good to go in terms of tax. I don't have much idea about our tax law.

In my country, making transactions via bitcoin is strictly prohibited even if both parties agree to this process, but if the state finds out, it will be a violation of the law. Maybe if the transaction is hidden, it can be done, as long as the buyer and seller agree to this transaction.

The reason may be about taxes, so it is not allowed, because if you invest in property, you will usually be taxed, but if you use bitcoin, there is no formula for taxes because in my country crypto taxes only apply to exchangers. What often happens in my country is that some people even sell houses, land, or other valuable assets to buy bitcoin, not with bitcoin to buy a house.

As much as the world hasn't accepted bitcoin generally it will differ in every country, hence here you could buy whatsoever including houses in bitcoin as long as the sellers is in agreement with the payment method you prefer to use, in recent times it's even more difficult for the new house agents to reject buying in bitcoin because almost everyone is becoming aware of the potentials of bitcoin in this country so if you offer to pay in bitcoin most of the agents or companies will accept as long as it profits them in the long run.

I know in most countries it might be similar but it's definitely going to differ.

Will there be any side of the world where 1 bitcoin will not be able to buy a house, even if it is not the biggest of properties?

In fact, there's no way to buy or rent a home with Bitcoin in my country yet, because the government hasn't officially legalized Bitcoin yet.

A new government has come to power and announced that they will legalize Bitcoin, but nothing has been formalized yet. Therefore, I don't know what the regulatory and tax laws for such matters will be. They require tax experts to outline and clarify all the tax details.

As usual - loud talks, small actions.

Can you do it through non-country ways, though, but still through legal frameworks?

To tell you the truth, the entire concept of buying property outright with Bitcoin is still pretty novel in my country.  I dont know of any real estate companies promoting that as a choice yet.  It seems we are still lagging behind other countries in integrating cryptocurrencies into transactions of that magnitude.

We definitely have capital gains taxes here too, though Id have to verify the precise rate for crypto earnings - it could differ from the standard capital gains on other properties and  and verifying the origin of those Bitcoins, especially if they were obtained through early airdrops or even mining way back when, would be a nightmare.  If a paper trail ever existed, it would likely be long gone.

Here in my country, bitcoin isn’t a legal tender as well. But if you both agreed, the buyer and the seller, to pay with btc, most especially if the seller itself is also a bitcoin investor, then the transaction will still be a smooth sailing, provided that legal documents are prepared prior to the transaction.

Otherwise, the seller has to convert his btc to fiat first before the transaction starts. That way, the transaction will still be a smooth and successful one.

Using bitcoin as an option means buying the house will be done secretly not the regular findings although depending on the lawyer if they’re ready to accept an offer given to write despite the fact bitcoin is involve. My country is not a crypto friendly country basically this is the reason bitconeers always hide details as such from the police or other agencies. Like I said it’s very possible if both parties accept then every other deal becomes easy, honestly if the law is against crypto going for fiat will be more better and free to use, in terms of tax even when using fiat you pay for tax not minding the payment method.

I have not seen real estate agencies in my country listing houses in BTC, if there are such agencies, then it is possible to buy a house with BTC, because BTC is legal in my home country. I don't have enough BTC's that can afford a house, so i cannot talk about if i can do it or not, however, i am sure people who have so much BTC's may not mind, but people with not so much would surely not spend all of their coins on a house.

No it will not be possible to buy a house with Bitcoin in our country. Because Bitcoin transactions are completely illegal in our country. Now although some people have invested in Bitcoin, they have invested with privacy. Since Bitcoin is illegal in our country, very few people know about Bitcoin, so not everyone will like Bitcoin. So far I have not seen any news that anything has been bought and sold in our country through Bitcoin. It will not be possible until Bitcoin is legalized in our country.

I do not think that there is a real estate company that integrates BTC payment in my country so it would be impossible to directly pay with BTC in transactions with these real estate company.  But if the property is sold by an individual, it is very possibe if the seller wanted it to be paid in Bitcoin.

Usually, in our country Bitcoin is acknowledged as mode of payment but companies still prefer fiat money payment.  So, those who have BTC have to convert their fund to the nation's currency and pay for the property sales transactions.

But still buying of houses will be happening without the government knowing about it as some individuals will be secretly doing it just as they're investing in Bitcoin secretly without the government knowing about it. I also think there's more amount of individuals that know about Bitcoin than you think. For the government to ban it, it means that more people got to know about it from the publicity of the ban as people are always interested to know more about what the governments are banning. For my country, it's not official but if you offer to pay in Bitcoin when buying a house and the real estate agent accepts, you can pay as they're many ways to covert it to fiats immediately.

No, it is not possible because Bitcoin is not a legal currency in my country. If the government knows that citizens use Bitcoin to buy a product, that is breaking the law and could get punished by the government.

Even if the seller and buyer agree to use Bitcoin as the payment, that will be too risky as the government will catch both sellers and buyers and ask them questions. Besides that, many people here don't know much about Bitcoin.

If you lived in France as you say, you are lucky you can buy a house using Bitcoin. Personally, I will not use Bitcoin to buy a product and I prefer to hodl for the future.

There is no permission to use Bitcoin in my country. I am using Bitcoin from my country without permission. If there is no permission for Bitcoin in my country then it is not possible to buy a house directly with Bitcoin from my country. However, it is possible to sell Bitcoin through p2p from any exchange and buy a house with my local money. Not only buying a house but also building a huge house is possible with one Bitcoin. Maybe in unique countries where direct use of Bitcoin is allowed, they might be able to buy a house directly with Bitcoin. Bitcoin is not allowed in my country and there is no tax to be paid to the government for using Bitcoin. Even though there is no permission in my country, but I am using Bitcoin very safely and I am not facing any administrative problems because I am using it very secretly.

someone just requested a loan with real estate as collateral, maybe you can do a deal with him/her.

https://bitcointalk.org/index.php?topic=1596878.msg65220578#msg65220578

In my country Bitcoin is not a legal tender so it's not possible to use it and purchase a house, unless you convert it to fiat before you make your purchase and also unless you are dealing with that has knowledge about Bitcoin's value then you both can agree to do it without a third party, because my country is not crypto friendly at all and people see it as scam and bitcoiners are seen as scammers so if you go to someone that has zero knowledge about crypto they will automatically see you as someone that wants to scam them.

Due to the unfriendly act of our government on cryptocurrency, I would prefer not use it to buy a house and stay away from any crypto related issues from our government. I will sell my bitcoin for fiat and use it to purchase the house so that no one will know if I own any bitcoin or not. Bitcoin is not a legal tender in my country but you can use bitcoin down here.

There is no law that limits people in my country from buying anything with Bitcoin. Cryptocurrencies are currencies in my country, and if both parties accept Bitcoin as a means of payment, then it's okay. All you need to do it to seek the advice of a legal practitioner and tax administrators in your country for professional advice. I will prefer to use Bitcoin because it will save the huddles of using banks to transfer large funds. Law enforcement agencies might begin to investigate the transaction if it is done in fiat. And it will also promote privacy since there might be no need for KYC.

In my country, I don’t think there is any actual tax on bitcoin trades and I don’t think there is any such law that restricts people from making payments in bitcoin and what matters in this case is that the realtors or landlord is willing to accept payment in bitcoin and I don’t think any landlord who is conversant with cryptocurrency and bitcoin will turn down the offer of receiving payment in bitcoin.
In conclusion, you can rent and buy a house in my country as long is both parties agree which is the landlord and the intended Tenact.

Legally speaking? Yeah, it is. Nobody cares what you pay with as long as you pay, and there is a tax involved. Our government always allowed any type of payment, you can pay with cash, or wire the money, or gold, or bonds, or stocks, really doesn't care at all, whatever that has monetary value.

Doesn't mean they allowed it with like paying with cows for example lol, but for example you can trade a car with a house, rare occasion since cars do not worth as much as houses, but there are some luxury cars, and some shitty houses, so I guess it must have happened. So since the day bitcoin became "not an illegal thing" in my country, we were always allowed to buy whatever we want with it, it wasn't a legal tender, but it was allowed to be used.

I wasn't aware Turkey has banned crypto for payments— both direct or indirectly. I thought I had read an ancient article but looking into it again, it's fairly recent, see: https://cointelegraph.com/news/buying-a-house-with-bitcoin-in-2024-heres-how-it-works

In addition, looking at the real estate agency's website, it appears it is business as usual for them, see: https://tekce.com/pay-with-cryptocurrency

It is certainly intriguing how do they get away with it. 🤔

The article mentioned special fund models for financial protection and tax efficiency. But I have no idea what to make of it except it does seem important..

I don't know if they allowed that to buy and used crypto as payment since what that article say is this.


Other details is here here https://notabene.id/world/turkey I don't know if that site is running legitimately, but people in Turkey should follow what's been dictated by law since maybe they would get an issue especially if they still choose to use crypto to pay some goods online and offline.

If it is a very big trade, it's necessary.

Let's say there is risk of network 51% attack, you can not know whether it will happen or not and if you are careful, you won't consider that as no risk. It still depends on your contract with your trade partner, you will be able to separate the trade to two, three transactions or not. If it is possible, why you don't use this method?

And if you don't care about risk of network 51% attack, you must take care of possible mistake in broadcasting your transactions. With a big trade, being careful makes sense than being careless just to save a few bucks from transaction fees.

For small transactions, I agree that it is unneccesary.

Buying a house with bitcoin should not be a problem as long as we can find someone who is willing to sell in bitcoin, another thing some may have to do is by exchanging their crypto to other coins in other for them to be able to make an efficient transaction of what they are buying or selling, we have to consider the country in question first, how is bitcoin regulation over there, and the readiness of any seller to provide a bitcoin payment option for use.

A Dutch guy called Didi Taihuttu sold his house in the Netherlands for 120 BTC in 2017 and moved into a trailer park with his wife and kids.

https://www.youtube.com/watch?v=AlHFzczbtis

He is currently a multimillionaire who runs a YouTube channel called The Bitcoin Family and lives in Thailand.

https://www.youtube.com/@TheBitcoinfamily

There was another Dutch guy called Ben Turas in 2013 who tried to sell his house for BTC but withdrew the ad because he had no takers.

https://bitcointalk.org/index.php?topic=155261.0

https://bitcointalk.org/index.php?topic=5536701.msg65221449#msg65221449

Rate of return of investment is what was out into consideration before tax were put on Bitcoin, it's because the profits margin compare to other investment are big and large enough and you know the government and tax are like 5&6 but looking at this your idea, i think anyone that accepts Bitcoin as a method of payment will definitely be holding into those Bitcoin for long period of time, they wouldn't sell until they make enough profits to cover for the tax and their time else it will be a wasted effort.

I'm addition, there should be a better explanation that exclude one from paying 30% on capital gain tax when you accept Bitcoin that will be spent at that particular time otherwise people are going to be discourage from buying and selling things using Bitcoin as a means of payment, there should be a way to pay tax on only to the car that was sold and not the Bitcoin but if the Bitcoin was hold for more than a week, then there is should be a tax on such Bitcoin.

I remember when that news was discussed a lot on the forum, and one of the members from that country confirmed that even though such a law exists, many people don't abide by it. I then came to the conclusion that people do not follow the law because it is probably not implemented in practice, or the penalties are so small that it is worth breaking it.

For you to own an apartment a transaction needs to take place from you which is the buyer and then the agent or house owner which is the seller. In the transaction agreement, if any party offers to pay/accept payment in Bitcoin then the other party has to agree. Upon the agreement which is signed and document payment in Bitcoin can happen. Only when they dont agreement to use Bitcoin as a transaction then they use any other payment method. In general Bitcoin has become a payment method now.

We can't buy or rent houses here using BTC, I have not seen a single ad anywhere on internet or heard from locals that they are selling and renting their place for BTC, people here not even deal in other assets like car for a place, they can exchange there car for a car and place for a place but won't with another asset. Crypto was not legal in my country before but now it is so maybe people starts to sell their places for BTC but the awareness about it is very low here.

Old generation owns most of the properties and they are so traditional that they won't change to new payment method that easily. Therefore until these properties are owned by new generations, we might not see BTC as a payment method anytime soon.

Bitcoin has been spreading widely in my country but when coming to buy a house I haven’t seen one purchase a house with Bitcoin before but I won’t be surprised if it has happened somewhere within the country because of the widespread adoption of it quickly. When you have a buyer that is ready to accept bitcoin as a means of payment, I think you can buy a house from the person and no charges or tax will be incurred since it’s just between the both of you without any third party involvement. If I’m to buy a house or a house is to be sold to me, I won’t hesitate not to accept bitcoin as a means of payment. What I feel will be the problem of accepting bitcoin as a means of payment is if one of the two parties don’t want to accept it and while insisting, he may request to be paid more in conversion to fiat of what they’re suppose to pay to buy the house.

In my home country, Bitcoin payments are accepted, and an apartment with three bedrooms, two bathrooms, located in a central area, approximately costs 25,000 USD. However, it’s not that Bitcoin is exclusively legal; rather, payment methods like Zelle and crypto are adopted as a way to counteract the devaluation of the local currency. While 25,000 USD is a dream price, it’s worth noting that not even 5% of the population can afford this amount due to low wages.

EU / Hungary

Theoretically possible, but noone wants to take the extra administration and the buyer does not want to run the extra risk. The market is not ripe for it.

By the way, you can even come by livable houses under 1 BTC worth of fiat here, (used, needing minor renovation). Newly built in the capital usually cost around 3-4 BTC.

More than taxes, the one thing we have to consider is whether the seller wants to receive the payment in bitcoin. They might not have this option of using bitcoin as payment and they are most likely not to make paying with bitcoin as an option just for one customer. If many people ask for it I guess then they can start thinking about it but I have not encountered many real estate agencies that offered bitcoin for payment

In my country, it is currently not possible to pay for a house with bitcoin because there are some problems, especially regulatory issues, but it might still be possible if there is an agreement between the buyer and seller when using the payment method using bitcoin even though this violates state regulations and provisions because for now bitcoin is still prohibited as a means of payment in my country and is still a commodity and investment / trading asset only.

But indeed things like this can still be circumvented even though we cannot use bitcoin directly but we can sell by making it a fiat if we still want to be comfortable to transact so that we can use bitcoin as a house payment even though indirectly.
Although in this case there may be several other things such as tax affairs and several other things but at least we still follow the rules that exist in the country and can still benefit by holding bitcoin for our livelihood.

If bitcoin is not a legal tender, clearly there’ll be no real estate agencies that will prefer to accept bitcoin more than fiat. That will only make the transaction complicated instead of just sticking to fiat and create a smooth transaction after.

However, the final decision lies on the seller itself. If he’s willing to accept bitcoin because he’s been dying to invest  on it, then there’s no problem then. But it’s seldom to find this type of seller as most of them are in need of money for immediate purposes. So obviously, fiat will be their best choice.

It is impossible to buy home in my country with Bitcoin because in my country Bitcoin has not yet been legal. There are some countries around the world who especially where credit currency use is more popular, some real estate agents and sellers accept Bitcoin, but it is fully legal and dependent on the market. Whenever you buy a home the owner of that house supports Bitcoin payment, you can do it. But I think bitcoin’s price is very fluctuating so it can be full of holidays for real estate transactions.

I believe it is possible to buy a house with Bitcoin (although it may not directly use of Bitcoin) anywhere in the world through the help of the crypto credit card we have in the crypto market now which was created to bridge the gap between the use of crypto as payment for traditional goods, and services.
But for the area of tax and administration of implication, I will advise seeking professional help.

Any asset can be used as a means of payment as long as there is an agreement between the buyer and the seller. Gold, silver, diamonds and even altcoins...can also become a means of payment in individual transactions. But there will be big problem if we use illegal payment method. We will not be protected by law or even punished for breaking the law when using things that are not legalized according to state regulations.

What we are discussing is whether bitcoin is a legal means of payment in countries and as far as I know, not many countries consider bitcoin as a legal means of payment, including my country. Not only real estate, bitcoin also cannot be used to buy necessities or any goods.

Bitcoin is known as an illegal currency in my country, so it is not possible to exchange anything for Bitcoin in my country. Since Bitcoin is an illegal currency, there is no question of imposing any tax on it. However, we circumvent the legal framework and exchange Bitcoin for our local currency. However, we accept any product or service through our local currency by exchanging Bitcoin.

For most people in the EU, this is incredibly affordable, but we can't even dream of such prices. Without revealing the exact location, is it a country in Africa or another part of the world? Regardless of where it is located, if I were to buy it, I would be very interested in the quality of construction - especially whether it was built according to all earthquake-resistant construction standards - as we have seen in recent years, many people have died in various earthquakes because modern residential buildings collapsed as if they were made of mud and bricks.

Buying different types of houses in other countries with BTC is possible if the Bitcoin exchange is legal in that country. In my country, cryptocurrency transactions are entirely illegal, so buying a home by trading Bitcoin is impossible.
However, even if Bitcoin transactions are prohibited, it can be converted and sold into our country's currency and traded. If this method can be adopted without directly trading Bitcoin, buying a house in our country at the price of Bitcoin will be possible. Buying a house by investing in Bitcoin directly in my country will not be possible. However, with the cost of Bitcoin, a beautiful house with a beautiful environment can be bought in my country.

There's something I don't get properly about this tax and other fees of a thing which I'm curious. If the two parties involved in the deal (buyer and the seller) are using non custodial wallet to make and receive payment, is it still possible for government to demand for tax? I think buying a housing property requires just the buyer, the seller and the agent without government or it's institutions being involved. I don't know how it is being done in other countries but at least that's how it is done in my country. The possibility of buying a property with bitcoin depends on the parties involved and if both agreed, it's a done deal. Moreover, despite bitcoin is not an approved legal tender, it's trading or performing transaction with it is neither prohibited thou there is restriction/guidelines in certain areas.

In my country, payments using Bitcoin are prohibited (because it is regulated by the state, only Rupiah is permitted), but for P2P, it is usually not a problem as long as the buyer and seller have agreed with each other and promised not to harm one party (reporting it to the authorities).

I also plan that if I want to buy a car or a house, I will ask the seller whether they accept payment with Bitcoin because making transactions with Bitcoin is easy, simple and transparent.

What?

There's no difference between P2P and using Bitcoin as payment tool via third party, if you use Bitcoin, it means they both are forbidden CMIIW.

I consider it as a private transfer and it's dangerous. If you buy a car or a house which is costly, when the tax office ask the proof of the transaction, you won't able to give it. Bitcoin blockchain is transparent, but people who not understand will know nothing.

You will have to register those properties and it requires information and even proof of payments of property purchases. If exchanging Bitcoin is not allowed by law in my nation, I won't do this risky trade.

Especially later if you want to sell your house or car, you will have another issue with tax reports. Nowadays with digital bank transfers and digitalized governance, it's harder to hide your financial activities. So if law does not allow it, I won't use bitcoin for directly purchase expensive, lucrative properties. You will need to cash out your bitcoin very slowly to have enough cash for buying properties you want.

In my country, Bitcoin has no official status, like other cryptocurrencies. But in general, you can come to an agreement in the gray zone with a person so that he writes out a deed of gift for an apartment to you, and you send him Bitcoin. Although I would not get involved in such schemes, since I find them extremely risky. You never know what questions will be asked you from the tax department.

I’m referring to South America, which has many characteristics that make it attractive to foreigners looking for a more relaxed and affordable lifestyle. Although there are political and economic challenges, these generally do not affect foreigners much, as they usually come with enough capital to start their own businesses without relying on local salaries.

Another advantage is the relative absence of natural disasters. Countries like Venezuela, Colombia, and Brazil enjoy pleasant climates and offer opportunities to experience the Caribbean or nature. Although there are places where security can be an issue, it’s not as Hollywood and sensationalism portray—it doesn’t represent the majority. Therefore, it’s not difficult to find safe and stable areas to live in.

The fact that we need to have proper documentation on our bought real estate asset this provably made so risky to transact using Bitcoin since we don't know what will be the approach made by our local officials if they know we use Bitcoin for the transaction we made.

That's why even if the idea is good I always make sure to use fiat on this transaction to avoid any possible legal issues, also I don't want to throw away my Bitcoin since what I want for my Bitcoins is to hold it for long time then gain good profits with it in future.

That's a way out too, if there is no framework in place to make it 'legal' in the face of authorities.

Theoretically, you could avoid paying any taxes if the transaction were done the way you describe - meaning the seller would agree to receive BTC, and then the transfer of the property would be presented to the law as a gift or something similar. I'm not sure if that would mean that no tax has to be paid, but if it were pretended that the transfer of property from one owner to another was made without any payment involved, then maybe no one would be able to claim the payment of tax.

---

I have some information that real estate there is quite cheap by Western standards, and that the tax systems in some countries are quite interesting.


Colombia has a bad reputation, and I really don't know how it is there today and whether anything has changed since the time of Escobar, but it is true that there are countries that are perhaps safer than others, and somehow it seemed to me that these were the countries in the south of South America, as far as possible from the US, Mexico and Colombia in terms of cartels and drugs.

In the country where I live, unfortunately, Bitcoin does not have an officially permitted status and buying a house or a car or other luxury items with Bitcoin would be considered illegal.
The only way will be to withdraw bitcoin in dollars to a card, and collect a large sum in cash for your purchase. After that, trying not to look like a person whose income came from nowhere to the tax office, you need to figure out how to justify the fact that you have a lot of money. For example, you can find an officially employed relative and make a purchase through him.

But is the trading of Bitcoin legal in your country? I mean can they allow you to convert your Bitcoin to USDT and down to your local currency without labeling it as an illegal action? If yes then what's the difference from using same currency they don't consider to be illegal to purchase a property which they consider the other action as illegal, Some can say allowing foreign or strange currency to be used for buying of properties can be considered to have some negative effects on a countries economy could that be the reason they consider it to be illegal, just asking out of curiosity.

Unlike everyday necessities and consumer goods, you do not need to notify law enforcement when making a purchase. But with real estate, whether buying or selling, you must ask for permission and get their approval. You cannot sell or buy real estate without going through them because it involves "land ownership" and only the legal authority has the authority to decide on this matter.

Also, bitcoin is popular and legal in your country, but that doesn't mean you can use it as a currency. Double check if your government has legalized bitcoin as a commodity or currency, if they have legalized it only as a commodity, not as a currency. The idea of ​​using bitcoin for real estate transactions is also not a wise one, it is an illegal transaction.

1 BTC here in our country is equals to PHP 4,688,316.80.

With that amount of money, you can make a 2-storey house already with a background filled with grasses, and at the same time, you can put some gates around it as well. In short, 1 BTC can give you a high-end house here already in our country. For those who live in the same country as mine, correct me if I'm wrong, but that's what I see right now in terms of house prices. :)

On the other note, will I use my Bitcoin to buy a house? If only I stored all of my Bitcoins that I got from 2018 until now, I might think of using it now because having a home equals having more secured in your life. For some especially those Bitcoin holders, they might not be doing it because of the fact that they believe that it will go up even more in the future, but if you know how to earn Bitcoins, at some point you will use your Bitcoin to buy something that you need/want. As for the taxes and other charges, I have no idea in it though, but in general, 1 BTC can give you a house already. Of course, I will not be using BTC to pay the house, but I'll convert it. :D

Short answer "their rules".

Let's say you live in a country where the income tax is 30%, you ask why your country charge so much tax instead of other countries, then what answer you should expect? it's your country rules, if they can and most citizen accept it, they will implement it.

The country want to make their citizen to use their currency because fiat has no value, the value depends on their citizen trust and usage.

If Bitcoin is not legal tender, there will be no opportunity to buy a house there with Bitcoin. If the government of the country does not allow the use of Bitcoin, then even if someone wants to use Bitcoin to buy a house, it will never be possible, it is completely foolish to dream of buying a house using Bitcoin by fooling the government. There are certainly legal complications in the case of buying a house normally. It is never possible to change the ownership of a house without the permission of the government. And when the ownership change is demanded, then there will be a problem.

If Bitcoin is not legal in a country, then using Bitcoin can be brought under the law. You should definitely think about these things before buying a house. I think if someone wants to use Bitcoin to buy a house in El Salvador, he can. Also, the United Arab Emirates is also offering various benefits to foreigners to increase their investment in their country. There is a possibility that the government of that country will also allow buying a house with Bitcoin. However, most countries do not support this till now.

So far, there are some properties are being sold and accepting out crypto payments but im not aware if there would really be some sort of additional payments when it comes to taxes and similar but considering that this do talks about real estate then i wont really be that surprised if its really that there would really be taxes that would be paid on which considering that government wouldnt really be allowing that they cant be able to get up on what they do want or simply anything that will really be processed out on buying up something specially with properties then they would really be that needing up to go with those procedure.

If ever there would really be those transactions in between person then it would really be that possible that they would really be that needing up to pay up with that crypto payment option but even if
you do really that go with those fiat transactions then you would really be that still needing up to pay those taxes on which simply means that there's no way that you can avoid up these things in the first place.
Its always been part when you do buy a property and its really just that rather be that always be in default thing.

To be short yet it is.
Since when you trade the house you won't say what kind of asset you are paying you can pay with bitcoin and then the seller can accept or reject this method. But since bitcoin's price is not really stable, I see many sellers are not really interested in trading their houses for bitcoins, especially if they are not familiar with it.
Regardless of that, you should always pay the tax, even if you buy the house with your bitcoins.
For example, the government will understand you bought a house for 100K USD; no matter how you paid this money, you should still pay the tax for 100K.

In a number of countries that I have visited (all in the EU) you can buy property with bitcoin. It's just a matter of agreement with the buyer, although the agreed price has to be in local currency and tax is also paid in that currency.

Let's imagine you want to buy an apartment and the price is EUR 100k. You agree for a bitcoin transaction, so you tell that to the notary and they prepare the agreement. On the day where you go to the notary to sign the deal, you check the price of bitcoin an add that you agree that this amount (100k EUR) will equal to something like 1.2 BTC and the buyer agrees to send that amount within 24 hours. You can even agree that they will send it immediately. I actually sold a piece of land last year and the buyer had a laptop with him and wired me the money right there in the notary's office, so it's possible to send bitcoin this way and then you sign that the amount was paid already.

When it comes to taxes, unfortunately it's up to the seller, so either they will have to pay it from their bank account, or sell some crypto to cover it.

In my country you can't use Bitcoin to purchase or buy a house, it is like we are still 10 years behind every other countries out there, and it is really a shame, till this day you really can't use Bitcoin to pay anything, those who feel like accepting Bitcoin as means of payment are even hiding, because Bitcoin is more Gold like instead of fiat payment solution, people prefer to just hold like a real Gold.

I used to accept Bitcoin as a payment solution, I got tired of the whole idea, people the encouragement isn't even there anymore, I was the one pushing it to make it work, giving a percent discount so that customers will have a change of mind and start using BTC as payment but right after BTC start climbing the 30k range they lose interest.

Some people still don't know what is a Bitcoin in my country, and those who knows decide to keep it as a secret, they don't want the attention.

This is a good question. I personally have never tried to but a house using Bitcoin or other cryptocurrencies, but, honestly, I would be really surprised if that is possible, given all the headaches that our government is imposing on us! I was planning to buy some real property abroad using Bitcoin or Ether. I will keep you posted if I manage to arrange for a crypto transaction!

This is a topic which is extremely interesting!

https://bitcointalk.org/index.php?topic=5536882.msg65228799#msg65228799

In my country of residence, it's very rare to see properties advertised in Bitcoin. Although, I've heard of one or two instances where people have acquired land and other properties with Bitcoin, but those were more like one-on-one transactions, which are only possible if both parties are BTC-inclined. This means that every other transactional requirement and fee is solely between both parties. However, Bitcoin is not yet a fully recognized legal tender There are still some stigma about it.

Ofcourse, it's possible, but will be difficult or risky and won't be sustainable in a society with strong housing regulation that makes it hard for owners to do things independent of the regulation and yet receive support in form of security and infrastructure provisions

The sure and sustainable way to do that without breaking national law or cheating the system is to be independent or less dependent on it.  You'll have to be supporting yourself, providing your own electricity, infrastructures, security, etc or living in voluntary libertarian or crypto society that's compatible with Bitcoin ideals or is built around Bitcoin. In that way, you can freely use the society native currency and not compelled by law to use a particular currency for transactions.

For the sake of avoiding drama and confusion I don't think I will be comfortable to pay rent or buy house from someone I just met and who I don't know very well. When making payments into someone's bank account, the details of the account proves you are doing a deal with the person you suppose to but in the case of giving wallet address for payment, after making payment it is possible for the person to deny or say some thing about the address that it belongs t someone else or the wallet can't be assess, I think any story. If you are making payment in bitcoin for rent, it is better to have a lawyer who can stand as witness for the future.

When it comes to buying and selling a home, both parties are usually more comfortable transacting in their local currency. When a house is bought and sold through the bank, there will be a statement from the bank, so if there is any problem with the house later, the person who bought the house can take action by showing the bank statement. But in the case of Bitcoin, such benefits are actually less if those countries do not approve of Bitcoin. There are many countries where Bitcoin is allowed but still people in that country don't want to do house purchase transactions through Bitcoin. I don't know what the real reason is but I want to use Bitcoin to buy a house or a car. I don't know how long it will take for my dream to come true but I am always waiting for my dream to come true.

There is no opportunity to buy a house directly through Bitcoin in my country. And there is no opportunity to cash out Bitcoin directly in my country. Only p2p transactions are going on here. Because Bitcoin is still considered an illegal currency in my country. So now even though Bitcoin is used by a large number of users, it is not publicly visible.

Those who are able to receive various services through Bitcoin in their country or can do things like buying a house are really very lucky. In my country, I hope Bitcoin will be officially legalized in the next 2-3 years. And then maybe we can get the benefits like buying a house through Bitcoin.

The government has not allowed the use of Bitcoin in our country, so it is never possible to buy a house with Bitcoin in the country where I live. Most people in my country are not afraid to use Bitcoin but they don't have the courage to use it in publicly. We only have to exchange the Bitcoins from the exchange and convert them into our own currency by using P2P, then we will be able to buy a house, car and other assets with that money.

Citizens of this country are now eagerly waiting to legally accept Bitcoin services, the day when everyone will be able to use Bitcoin openly, I think that day is coming very soon.

I have similar situation in my country i.e. Pakistan. There is ray of hope recently as government has formed a body who task is to regulate crypto in the country. The government is taking keen interest in legalising crypto in country after formulation of regulating principles. To the question posted by OP, right now it's a no since crpyto is not formally given a legal status. But I am sure the way things are going, in next one year I will be in a position to answer this question as Yes.

In the Philippines, purchasing property using Bitcoin isn't really a thing here, but there are not many developers and sellers who would accept BTC as payment but very rare moment.

The primary problem is that real estate transactions are highly regulated, and taxes/fees have to be paid in pesos. If you exchange BTC to finance the acquisition of property, you could be liable for capital gains tax (if taxed as income) and may have to demonstrate the source of funds for AML reasons.

Another issue is volatility, sellers may find stable fiat payments preferable 'cause they're in real estates, money gain should be consistent.

There is a similar situation in my country.

Unofficially (or/and indirectly) you can buy anything with bitcoin. Officially, you can’t buy anything using btc here because the government banned it. No business can accept btc officially.

So if you want to buy a house here, you first need to convert your btc to FIAT and then send the money to the seller’s bank account. Otherwise the government won’t recognize the purchase.

You can’t even buy a coffee with btc here as no business accept it.

Here in Brazil, there are several real estate agencies with properties spread throughout the country that accept bitcoin for the purchase of their apartments and houses. Not only bitcoins, they accept other cryptocurrencies as well. If I'm not mistaken, there are even car dealerships that accept payments in bitcoin.

As for the legal aspect, I believe that a smart contract can be generated for this purpose, after all, that's what they're also for.

An example of a real estate agency that accepts it:
https://imobiliariatimes.com.br/compre-com-bitcoin

If I express my opinion in the context of my country, I will not be able to receive any products or services through Bitcoin in my country. In my country, Bitcoin is a banned currency that is not approved by any government or central bank. There is no tax imposed on Bitcoin transactions, so there is a legal prohibition on buying and selling any services or goods. But Bitcoin is legally approved in the United States, Canada, the European Union, El Salvador, and CAR, which allows goods or services to be accepted in exchange for Bitcoin in those countries. Since they have imposed a reasonable tax on Bitcoin, they can keep any amount of Bitcoin in their bank account or as a reserve at any time. Since they have approved Bitcoin as their legal tender, the people of that country can buy flats, apartments, cars, real estate and even any kind of service if they wish.

Since the free trading of Bitcoin basically requires government approval and central bank approval, neither of these two options is viable in my country. So even though the people of my country transact Bitcoin, they do so illegally and by evading government taxes. If someone makes a public transaction of Bitcoin, legal action is taken against them and they are punished according to government regulations. That's why people in my country refrain from publicly trading Bitcoin for fear of getting into legal trouble.

i dont know about other countries but for my country Nigeria buying house with bitcoin is tax free. it is simple, if you dont have client that accept bitcoin as a medium of payment since bitcoin is not wildly accepted, them you have to sell the bitcoin to fiat and use the fiat to buy house. once you buy any property its yours forever you might be paying tax as a citizen of the country but not for the properties you acquire. most times the bank will deduct it from your salary which would not even affect you it is nearly unnoticeable

It's almost impossible to do because bitcoin is not allowed to be used as a legal tender, so buying a house with it is a problem.
Most countries see bitcoin as an investment asset and it is regulated and allowed, it is impossible to use the rest for anything else if it is not allowed.
Taxes also vary and maybe each country has different limits, but buying a house with bitcoin especially in my country is not possible.

I don't know how France manages taxes because I don't live there, I'm more interested in buying bitcoin to save.
While the method of buying a house can be simplified by selling bitcoin and then converting it to fiat currency, so the problem is easily solved.

Selling your bitcoin into your local currency first before buying a house is the same thing as buying a house with your regular salary earnings; the only difference is that during the time of conversion and before the actual house buying, you need to report capital gains, and in some cases, the regulator might ask for the source and proof of how the bitcoin was accumulated, and the last part, legal fees, will always be paid with fiat.

It is sad that many country has not made Bitcoin legal so many people can not buy things like houses directly with it this problem is also in my country. But it is good to see that many from us are willing to use Bitcoin even if they are not doing it openly. For now in my country and in others people can exchange their Bitcoins for local money through person to person transactions which works but in my country sometimes government block bank accounts. I hope that government will eventually allow it. As more and more people around world start using and accepting Bitcoin it might make process happen faster making it possible for people in country to use Bitcoin freely soon.

As far as I know, there are not many countries that ban bitcoin anymore, most have legalized bitcoin but they recognize bitcoin as a commodity, an asset, not a currency. Therefore, the use of bitcoin as a payment method is still limited.

Many people complain and are unhappy because the government does not consider bitcoin as legal tender. However, I doubt people will use it as a payment method if the government legalizes it as a currency. Most people just consider it as an asset for speculation or long term holding for profit, not many people like to use it as a payment method.

I also prefer to see Bitcoin as an investment instrument just like gold. Gold can be used as a means of payment but it is not a common and legal payment but because of the trust factor, people will not refuse if you buy property and then you give them gold. But if we talk about the possibility of buying a house with Bitcoin, I can say 100% possible. The current price of Bitcoin is around $ 80,000. In my country with that much money you can buy 1 nice house, 1 car, fill your household equipment. That is an extraordinary amount. However, like most countries, Bitcoin is still not a legal and legal means of payment so you have to exchange it with Fiat first to buy all that.

This was possible in Türkiye in the past but according to current laws, Bitcoin can no longer be used for buying or selling anything. You can't even buy a pack of gum with it anymore. Unfortunately, they passed a law and once again the government which always lagging behind technology has banned something it doesn't understand at all.
By the way house prices have skyrocketed. A normal salaried worker can never afford to buy a house. Banks don't give out loans either.

If the country has not yet considered Bitcoin as a standard currency to use, especially when it leads to signing legal agreement, it is unacceptable to take Bitcoin as a means of payment for building in my country. If not a currency then the house will be calculated to sell for a price correspondent to my fiat value, it will take more process to confirm p2p options before transferring to the seller, with all the stress involved, i don't think anyone has started such means in my country, more time will be needed to set everything straight before accepting such deals.

That's one way to do it. For sure, there's local exchange. Binance alone has long list of fiat currencies. Or much better if you can find  a seller who is also a crypto seller. But of course, don't forget the paperworks attached to it. At the end of the day, you are getting a real-estate no matter what form of payment have you transacted with the seller.
But that's the easiest route - convert your btc to your local fiat via your crypto local exchange. And then, just pay the seller with your local fiat. And pay the paperworks with fiat as well. I am not seeing any bottleneck here, whether you have btc or not.

Buying a house with bitcoin is a very big step, so legality of it should be very clear, otherwise it is a big risk. There is really nothing stopping you from cashing out your bitcoin and buying a house with that way if you prefer? I mean it is not like you are forced to use bitcoin, so you could just use cash instead by selling your bitcoin.

But, if you really want to make sure you are using it like a currency then it would be smart to check with a lawyer or an accountant and get a clear law regards to this. Not just some "yeah you will be fine", get the exact laws, rules whatever you need, so in case if anyone asks about it, you would be able to show that and say that it is allowed. This way you will prevent any future issues.

I agree, but I do think the question is whether it may be done with BTC directly.

After all, there not that many services to make it in such a way that would work internationally due to differences in legal systems and etc..

Interesting to see this thread because a few days ago I saw a post on X talking about a real estate agent in Brazil who priced the value of an apartment in BTC
It's interesting to note that they didn't convert it to Reais, which is the country's fiat currency

Check it out:

https://www.talkimg.com/images/2025/04/03/l9iDg.png

X post and source: https://x.com/PalavraSatoshi/status/1904177946199257162

In some countries you can't rent an apartment with bitcoin, because the people that owned those apartments doesn't deal with bitcoin, but people that knows about bitcoin can agree to receive payment with bitcoin, the way I'm seeing things, I may say it happens to everyone, a house Owner will determine the condition they will take their rates, so from your subject, it's possible for someone to buy a house with bitcoin, it depends when you invest and the amount of Bitcoin you have, and if the owner of the property can accept bitcoin as payment option.

It is not impossible to pay for house rent with Bitcoin. If the owner of the house and the person who has accepted the house rent , then the house can be rented with Bitcoin. But if we want to buy a house with Bitcoin, then even if the owner of the house and the buyer agree on their terms, it will not be possible to buy the house. Because when you buy a house with Bitcoin, you have to share your financial information with the government of that country. If the government allows Bitcoin, then it is possible to buy the house, otherwise it will not be possible. But if both parties want to buy and sell the house with Bitcoin, which is possible, they must show the government the equivalent amount of fiat money for the purchase of that house. Otherwise, it will not be possible to buy directly with Bitcoin.

In most countries where Bitcoin is not recognized as legal tender, authorities might require transactions to be registered and translated into traditional financial terms. If both parties agree, the government could still intervene and audit the transaction to ensure compliance with fiscal and legal regulations, but they would not prevent it if nothing illegal is found. For instance, a person could simply sell a house in exchange for a symbolic item, such as a pin, since the value of a pin is subjective. However, legally speaking, the contract must adhere to regulations such as the official appraisal of the property and tax declarations.

You are right, so long as the both parties agree to it then Bitcoin can work and it can also work in both acquisition of land even if you said otherwise because Bitcoin transaction receipt doesn't require when you want to register it in the government because there are document that are even more valid than any transaction and one of them is the receipt, so how the receipt works is that after the payment has been made the owner will write it stating the amount, secondly there is what they called deed of conveyance, stating that you no longer own the land because you have transferred it to the buyer and the government will take note, so you can see that payment is not a problem to Bitcoin but the sellers.

It's okay for a department's room rent or unit rent to need to be constantly updated with the price of Bitcoin. That's why apartment owners will not accept house rent or apartment room rent in Bitcoin because the price of Bitcoin fluctuates constantly, which requires updating the rent and is a very troublesome task. However, in countries where Bitcoin is accepted, if goods can be exchanged for Bitcoin, then flats or houses can be bought and sold.

Thats pretty wild that you have to prove the origin of your coins and go through such a strenuous process but I guess they don't want hackers to just be able to steal tons of bitcoin with it and seamlessley go on about their business with no questions asked. I'm sure there is probably a way to do it. For sure in the US this is possible and people are / have been doing it for a little while although I don't exactly remember the names of the companies off the top of my head. I think its called like Holdn or something.

for me it really depends.. if i want to buy a house with bitcoins i must convert first since russia really dislikes bitcoin in general

Yes, this is true. Actually, it depends on which country we come from, maybe if we live in El Salvador, transactions using bitcoin will not be a problem because there bitcoin can be used for transactions. However, when we live in a country that requires every citizen to use fiat as a means of transaction, then making transactions with bitcoin will be a legal problem. Although transactions with bitcoin between buyers and sellers agree, in the eyes of the law of this country it will be a legal problem, especially if buying a house or property, of course you must comply with government regulations because this also involves taxes.

So in my opinion, it is better to follow government regulations than to use bitcoin transactions but break the law. Bitcoin was indeed created as an alternative to fiat, but we must also comply with the regulations of a country because this will be wiser in using bitcoin.

Actually people in our country don't use bitcoin by evading tax, bitcoin is illegal in our country so no tax on cryptocurrency. So those who transact Bitcoin need not pay any tax. But when Bitcoin is legalized in our country, maybe the government will add taxes, then we will have to pay taxes. However, since Bitcoin is slowly gaining popularity and Bitcoin is legalized in various countries, so maybe Bitcoin will be legalized in our country soon. If bitcoin is legalized in our country, I don't think people in our country will accept payment in bitcoin to sell houses, maybe very few people will agree to it.

I have a Binance card and im using it up like my typical debit/credit card on which of course its a great convenience since you do really just that need top up came from your Spot balance into your card balance in just few clicks. Same goes into those crypto payment options on which these are making use of crypto processors as well on which its already available in some countries, but if we do speak about p2p transactions on using up Bitcoin wallet to Bitcoin wallet then i dont believe that much that these are rampant and I do see up that majority will be making use of payment processors on which it will be just that the same on a typical fiat transactions. Here in our country there are some things that can be bought by crypto but since this will be done on p2p then i dont know if there will be that enough trust in between buyer and seller on making up such deal. If these things be done on physical manner then its just fine but if its done through online then hesitance will be there because of trust issues.
If someone do builds up a business and wanting up on having no continuous of updating on price on which they will be rather go into the path on trying to make use of payment processors on which those payments made will be directly or basing up into the current price of Bitcoin at the time that they are buying up something with it then it do automatically adjusts and everything would be done on an instant on which this is the reason on why there are still some merchants who do accepts Bitcoin or crypto payments on buying goods and other. Each country does have their own stance towards Bitcoin or crypto.

At the pace bitcoin it's going now I don't even know if I would be able to buy a car(thank you Trump)

Yes, you can buy a house in Spain using bitcoins, actually. I have seen an advertisement for it on a notice board in the street, and on the internet you can also find portals about it. But I don't think there's much of a market for it. The ad I saw on the street was a tourist area with high net worth foreigners, maybe that target will buy some houses with bitcoin.

It would have really been nice purchasing a house with Bitcoin in my country, but the major issue their is that the people into crypto is not that much, and not everyone is familiar with Bitcoin and how it's nature, that's one thing.
Another problem is the government, your account will get freeze once any crypto related transaction is done with your account because it's not approved by them, today if you ask them, they will deny that they are not against crypto, but our local bank freeze anyone that did a crypto related transaction, and it's because of the other given to them by the government, so at it is now, their is quite a lot of obstacle that will be a barrier if you wan to purchase a house with Bitcoin in my country, all crypto related transaction that we are doing now is strictly coded, not openly, so on that note the possibilities is very low.

I was wondering what would happen if a European citizen buy a house with BTC in a country where it is legal to do so, for example in Spain or Switzerland, then sell the house and with the proceeds of the sale buy a house in his own country in a simpler way. I know it's a bit far-fetched  :P but maybe it's possible ?

Bitcoin is still considered a tradable community asset in my country, for this reason it is very unlikely to buy a house using Bitcoin unless the buyer and seller reach a personal agreement to accept Bitcoin as part of the sale transaction. In addition, the process of buying a house using Bitcoin is still very complicated because taxes will be imposed on each transaction that can reduce the amount of money received by the seller.
If the goal is a long-term investment, this might be a very good idea, but if the duration is short-term it will be very risky because price fluctuations can affect its value.

If bitcoin is not yet a legal currency, using it for transactions is not a wise idea and worse if it involves large amounts of money like real estate transactions. We should not have made that transaction in the first place regardless of whether we intend to use those bitcoins for long term holding. Real estate transactions are very complicated and require government intervention, if they accidentally find out that it is an illegal transaction, we can lose everything or even be fined.

Buying bitcoin with fiat money is not too difficult even in countries that have completely banned bitcoin. So I advise everyone not to trade real estate for bitcoins regardless of our purpose if it is not considered a legal transaction.

Same repetitive questions. Still crypto is not fully acceptable. In our country many people are illetrate and they also do not accept digital payments, still in our country that's not going to happen.

Bitcoin is prohibited from being used openly in my country, but secretly a large number of people are using Bitcoin but the government is not saying anything. Currently, Bitcoin is used in various countries where houses, cars, and other goods are bought and sold, but in our country, Bitcoin has to be converted into P2P money through exchanges.
Since using Bitcoin in our country does not normally create pressure from the government, we can expect that Bitcoin will be legalized in the future within 2-5 years. And if it is legalized, we will be able to openly buy and sell all houses, cars, and goods through Bitcoin, we are still hoping.

In my country, I have never seen anyone or heard that someone has bought a house with Bitcoin. As far as I know, Bitcoin is not legalized in my country, so I don't think it is possible to buy a house with Bitcoin here. However, for smaller properties that don't involve the government, I think it might be possible. But it is a personal choice.

As for bigger properties that require lawyers and government involvement, I don't think it can be done because Bitcoin is not yet legalized. That being said, many people in my country are really into Bitcoin. I believe that those who understand Bitcoin might not turn down an offer to be paid in Bitcoin, but only for smaller transactions that won't involve the government in the future.

Too many actions to be successful, imo. Surely, it may happen, but lots of successes should happen in a line to complete such a task.

In my place, it is also the same, although there are many people who are familiar with Bitcoin and want to invest in Bitcoin, but for any transaction, they still use cash or the country's fiat currency and I have never seen anyone willing to sacrifice Bitcoin for something else, including for something like a house. And I think this is still very common in countries that still uphold their own currency so that everyone does not have to waste Bitcoin for something else because they will still use money as usual when they want to buy something they want.

Most are still going for the fiat because BTC isn't as known as the usual ways of things yet (Just going to any store or even a car auction to use BTC as the means to buy something - 1/100 chance you would get the ability to do so). Also, it would mainly be used for bigger purchases, in my opinion.

You will have to make an exchange in my country, but if the seller is a miner as yourself too and you have an understanding with the him/her it might be possible just a little tax and you're good to go

Do you have such known miners who have such solidarity toward local exchange of BTC?

Bitcoin is allowed in your country Nigeria but not in my country Bangladesh. Buying a house with Bitcoin may be tax free in your country Nigeria but in my country, if you find any evidence of Bitcoin usage, legal action is taken. However, we do not use Bitcoin, but we convert the amount of Bitcoin we earn into our country's currency, but in that case, of course, we convert it into our country's fiat currency through the central exchange and then meet our daily needs. But of course, we have some local agencies in our country like Nagad/Bikash through which we convert it into our country's local currency, then the government takes a certain portion of tax from these. We can never use it tax-free.

I couldn't quite understand the situation in Bangladesh, so I did some research. So, in fact, no CEX is officially authorized in Bangladesh due to restrictions imposed by Bangladesh Bank, but platforms like Binance, Paxful, CEX.IO, eToro, KuCoin, and Bitget are used by individuals.

Transactions are often made via P2P channels with BDT payments on bKash or Nagad (which apparently can operate without a bank intermediary), but CEX users are not protected.

Cases of prosecution against individuals trading crypto are rare, but Bangladesh Bank has warned that those involved in cryptocurrency transactions could face criminal penalties, including fines or imprisonment, under anti-money laundering or financial regulation laws.

Bangladeshi financial institutions (banks, bKash, Nagad) are prohibited from facilitating cryptocurrency transactions. If a transaction via bKash or Nagad is identified as originating from a cryptocurrency sale (for example, via Binance P2P), the account could be suspended or reported to the authorities (and therefore the user will lose all its funds and there will be an investigation).

The recent WazirX hack has likely left its Bangladeshi users without recourse...

So, in the end, there's no real legal framework: if you've made capital gains, you have to declare it, but since it's illegal, you risk a fine. Is that right?

crypto regulations in Bengladesh in 2024  (https://coinpedia.org/cryptocurrency-regulation/crypto-regulations-in-bangladesh-in-2024/)

Buying a house with BTC in my country Nigeria is possible,but it requires careful consideration and planning Because you need to find a seller who accept BTC as payment,This can be challenging most times as not all sellers are familiar or very good with crypto currency exchange or transactions.

Prices can increase rapidly, affecting the purchase price of the property,yes you may want to convert BTC to minimize risks.

You will also need to understand the tax implications of buying a house with BTC in Nigeria by consulting a tax professional to ensure local regulations.
 You also ensure involving relevant laws and regulations.

In my country Most people especially the younger people are talking about Bitcoin and they are always happy to have it in their possession so yes it is very possible to buy a house with Bitcoin in my country even though it is not fully accepted because the government knows what they stand to loose if Bitcoin is made a legal tender. The only challenge in purchasing anything with Bitcoin in my country is that it's not every seller that are aware of its worth and some people still see it as scam if you mention Bitcoin in their presence, people understand Fiat currency more and they would prefer Fiat to sell to you so you can only use Bitcoin to make payments if the seller is also in the Bitcoin space and you both have an understanding.

Am I benefiting in any way from buying or renting a house with Bitcoin? If fiat and Bitcoin are worth the same amount, why would I keep advertising to everyone that I am a Bitcoin holder? It is possible in any country and under any circumstances if there is an agreement between the buyer and the seller, but it is risky. If someone tries to cheat you, you cannot take legal help and you cannot ask people for help.

If you want to buy and sell with Bitcoin through legal tender, you must comply with the crypto laws of your country, but before that, Bitcoin must be legal in your country. Bitcoin is not yet legally legal in my country, but buying and selling with Bitcoin is still possible if there is an unwritten agreement between the buyer and the seller. However, the responsibility for this transaction will be entirely on you, by taking legal help, you are only creating another danger!

I understand your concern about the risks of being cheated and the lack of legal backing but that’s also the beauty of Bitcoin. it forces us to think beyond traditional structures of trust.

 In fiat, people rely on courts and governments to enforce contracts. With Bitcoin, ideally we’re moving toward systems where code and reputation replace that. Imagine a future where smart contracts or escrow services built on Bitcoin’s layer solutions can handle real estate transactions without middlemen. For now, yes, it’s informal and risky but every time someone actually buys property with BTC, they’re demonstrating that the “impossible” is becoming possible. In a Bitcoin community like this, I think that's what we should be promoting while still being cautious of our safety

In some countries you can't rent an apartment with bitcoin, because the people that owned those apartments doesn't deal with bitcoin, but people that knows about bitcoin can agree to receive payment with bitcoin, the way I'm seeing things, I may say it happens to everyone, a house Owner will determine the condition they will take their rates, so from your subject, it's possible for someone to buy a house with bitcoin, it depends when you invest and the amount of Bitcoin you have, and if the owner of the property can accept bitcoin as payment option.

I've actually been contemplating selling my house for Bitcoin for a while now.  I think it has all the amenities that a Bitcoiner would want.  Solar, battery backup, pool, low energy costs, custom electrical, custom exhaust ports...  Maybe after I buy a new place and move my stuff I will look into offering it to someone here.  I think that would be a pretty cool thing to do even though I think the odds of finding someone to buy your home on an internet forum are low.  I still think it would be pretty cool...  Maybe next year.

The growing interest in Bitcoin among younger people in your country is a positive sign for its adoption. However, the challenges you mentioned are common in many places where Bitcoin is not yet widely accepted.

Some people may view Bitcoin as a scam due to a lack of understanding. Educating more people about its benefits and uses could increase adoption.

Not all sellers are familiar with Bitcoin or willing to accept it as payment. This limits its use in everyday transactions.

The government's cautious approach to Bitcoin might be due to concerns about losing control over monetary policy or potential risks associated with cryptocurrencies.

Despite these challenges, the fact that some people in your country are open to using Bitcoin for transactions, like buying a house, shows promise for its future adoption.

If legalized, my country prohibits it. The valid transaction tools are the currency issued by my country or recognized by the world. But if illegal, it can be done. If done among Bitcoin users, there will be no problem. But as long as the country does not know and no one reports it to the government. Even though it has become a commodity, crypto in my country is limited to being just a commodity. But if I convert it into fiat, I can make a direct purchase from a homeowner openly. I am currently in Asia, specifically in Indonesia.

I remember sometime in 2014 or 2016 or so, there was a family that supposidly sold their house and cars and all their personal possessions, put it into bitcoin and went to live in a cabin somewhere off the grid. Many were saying it was irresponsible at the time and if I recall they sold their house and bought bitcoin at the peak of the 2013 or 2017 top ( can't remember which) and their bitcoin was immediately underwater and pretty much never heard about them again.

There is speculation that they sold the bitcoin at a loss and went to rent a house or they actually held until the next cycle high and are millionaires. If someone knows what I am talking about and you have more info maybe clue me in, I was always curious how their investment turned out.

In some countries, you can buy or rent a house in bitcoin or by using bitcoin, but in some countries, it will be difficult to see that because they see bitcoin as something that is not legal in the country. It is even difficult for someone to sell something for you and accept bitcoin because many of the sellers find it difficult to understand how bitcoin works and how it is, and in my country, some can even say that you are trying to scam them that is why you want to use to buy something from them.

The quickest and easiest way to buy or rent a house in our country is to use fiat because that is the most commonly used currency. Although there are people who are aware of bitcoin and can still accept it, the trust issue has become a problem for some people because they see everything about other currencies as a scam, unless you have someone or a seller who is into bitcoin, understands bitcoin, and is willing to accept it.

Yes. I'm in the same country as you. Bitcoin can't be used as a means of transaction because we have our own currency it's only legal as a commodity, not for buying and selling.

There have been cases of people using Bitcoin as a means of transaction. When this is done publicly they face imprisonment. However if it's done secretly or if only the seller and buyer know about the transaction, it won't be a problem. However many people are still afraid to make transactions using Bitcoin, preferring to convert it to fiat and then buy a house. Actually using Bitcoin for transactions is also difficult in countries where it's still illegal. Besides being subject to criminal penalties, it's also difficult to find consumers who understand Bitcoin.

Furthermore in my opinion Bitcoin should be used for long term investment not for buying and selling because Bitcoin is an asset with long term fundamentals and privacy. Even if you want to buy a house, sell some of your Bitcoin to buy a house.

Of course using Bitcoin to buy a property is something that most of the countries don't allow at all. Though, Bitcoin is something that my government does not want to see, talkles of using it to buy property that is said that such person would definitely be a very big trouble because if am not mistaking almost the whole countries does not want see citizen using Bitcoin for anything. However, just like as you mentioned fiat currency is something that is very common in buying things.

I feel so left behind. I did I miss this super important conversation. I hope y'all will forgive me because even though it is from over 3 months ago, I have to drop my two cents on this topic.
In my country, officially, you cannot do any business transaction in bitcoin. Therefore it means that you cannot buy a house in bitcoin. But unofficially, yeah, you can do that. It will be just like a P2P transaction. Just you and seller and everything goes on well. And if you want, you may want to include a lawyer just incase.

I can say that in my country, Bitcoin is seen as an asset which can be traded which means that one can trade it for anything they wish to and it is legally approved in my country that Crypto and Bitcoin are assets which can be traded so therefore it could be said that if one wants to trade their Bitcoin, it can be likened to be an exchange of assets in value like proportion amongst the parties involved and the law allows them to exchange assets which is legally binding in the manner. Sometimes  can say that one can buy a house with Bitcoin iny country depending on the mutual understanding between the both parties involved.

I feel like it's like that throughout the EU, which is why I don't do it and keep my bitcoin holdings private. Whenever I need money, I get cash, preferably through p2p transactions, or buy store credit anonymously by providing only an email address to which the codes are sent.

In my case, proving the origin of funds is literally impossible, and knowing how the government likes to treat bitcoiners, I'd most likely be labelled as deep web drug dealer, or a hacker.

I haven’t had the thoughts of buying a house with bitcoin but in my country, I don’t think all of those stuffs are needed because if you want to buy, you go see your house, ask for payment address if they accept cryptocurrency (bitcoin), you make your payment and that’s it, does the government actually needs to come into these ? No.

The core purpose of bitcoin was a decentralized means of payment without a third party and letting the government involved is a third party but I guess this is easier in my country than in other countries where every land and buildings are almost indirectly owned by the government.

Bitcoin is legal in my country, it was the past government that was against bitcoin in my country, but the current government legalized bitcoin, but you just going to find it difficult to see companies or stores that accept bitcoin, I don’t know maybe it’s just because of the formal government policy, or maybe most people don’t still have proper knowledge about bitcoin yet, that’s why they are scared to accept bitcoin as payment method.

Or maybe they have the feelings that if the next government comes to power, then maybe they going to have change in policy, and might not favor bitcoin, and they don’t want to compromise their bitcoin, that’s why they are not really accepting bitcoin as payment method. I haven’t seen any pay a house rent, or purchase a house with bitcoin before, you have to make transactions with fiat currency if you want to do that.

It's very very possible to buy houses or rent house with Bitcoin, only if the two parties come into an agreement, whether Bitcoin is legal or illegal in your country, I think it doesn't really matter, because this is private business,as long as the seller is into Bitcoin or even if he or she is not into BTC the transaction can still be successful ,in the sense that the buyer can change it through the local exchange, what really matter is a way of providing evidence of payment which will serve as your witness incase of incasity.i even prefer to be paid in bitcoin than paying me in raw cash, because payment in bitcoin is of a high profitable than in raw cash or normal Bank payment.

Selling a house is different from a regular sales transaction. You need to go through various legal steps, administrative processes, and document verification. Even though it's a private transaction, everything must follow applicable legal procedures. This process may prevent you from using Bitcoin as your primary means of payment, as regulations in many countries still don't recognize Bitcoin as legal tender in property transactions. The best option is to first sell your Bitcoin for fiat currency, then use the proceeds to officially pay for the house, following procedures.

Therefore, paying with cash is still more practical and safer if you want to avoid the hassle, especially when it comes to ensuring a smooth transaction without encountering regulatory hurdles.

We are still not at the stage where BTC would be the get-go option for such transactions, I definitely agree.

The time may come for that, but it's definitely not now.

Yes, you can buy a house with Bitcoin in my country(INDIA) . First, you change the Bitcoin into cash. Then, use the cash to buy the house.
It’s simple and works like a normal payment. ;D ;D :) ;) ;) ;) :-* :-* :-* :-* ;D

Your country may not have started using bitcoin yet, so you cannot buy a house directly with bitcoin. But if you look at developed countries, you will see that houses can also be bought through bitcoin transactions. It is possible to buy everything by converting Bitcoin into cash, not only in your country but also in countries where crypto is not legal. In our Philippines, just like your country, you can buy a house and buy many necessary things after converting it into cash.

But you wouldn't pay up with BTC itself, unfortunately.

Not many places even have such a thing for such services.

That's a great observation — and a very real concern when it comes to crypto adoption in everyday transactions like real estate.

In many countries, even if the law technically allows property purchases with Bitcoin, the regulatory and tax frameworks haven't evolved to match. The capital gains tax, the need to convert crypto to fiat for official fees, and especially the burden of proving the source of funds — all of these create a barrier.

You're absolutely right: proving the origin of BTC acquired years ago through airdrops, faucets, or even mining can be incredibly complex, especially with wallets that no longer exist or platforms that shut down.

In my country, the situation is somewhat similar — crypto is legal, but once you want to do something “real” with it (like buying property), the traditional financial system takes over with its own rules. 

It feels like we’re living in a hybrid system — crypto is “free,” but the gatekeepers of major assets still demand fiat transparency.

Hopefully, over time, we’ll see more coherent and crypto-friendly regulations. Otherwise, adoption at a practical level will stay limited to early adopters and enthusiasts

My own  country didn't legalize bitcoin as a legal tender but their are still some few folks that are real enthusiast of bitcoin and likely run some silent shit  with bitcoin, despite the fact that our government didn't smile on it but some real guys are still running some transactions in bitcoin it just depends on if the seller or the person you want to run the shit  (transaction) with aggrey then you guys are cool.

There was a day I wanted to buy some stuff it was phone precisely so I told the guy playfully if i can  pay him in bitcoin and he said yes, I was like very surprised so i purchased it and every transaction was payed in bitcoin. So it is just based on your agreement with the person you are transacting with  if both of you can reach an agreement in accepting payments in bitcoin then you guys are good to go otherwise is impossible.

If you've got 5.5 BTC, I will sell you my house right now.

Yes it is very possible even if Bitcoin has not been legalize in my country, I believe it's an understanding that you should have with whoever you are buying the house from, if the person is also in bitcoin, then it makes the work more easier for you,if not you have to change it to the currency the person wants.

Bitcoin is free to use wherever you find yourself in as much as the person you are transacting your business with is in line with you .

If my country legalized buying a house with Bitcoin, I would still choose cash. The reason is that I don't want the government or anyone else to know about my Bitcoin holdings, so it's much safer for me and my family. I would still use cash as I would for any other property purchase. Bitcoin to me is a guarantee of a future that must consistently generate income, not something that can be directly exchanged for goods.

In my country, Bangladesh, we have not yet had the opportunity to directly purchase any physical asset through Bitcoin. We cannot transact Bitcoin in public if we want to, in which case government forces will arrest us and put us in jail. After we convert Bitcoin to our local currency through P2P on Binance, we use our local currency to meet our daily needs. Since we cannot use Bitcoin directly, we have not yet had the opportunity to buy a house with Bitcoin, and there is no guarantee that we will in the future.

People buy a lot of  properties in my country with Bitcoin although I haven't seen anyone buy lands or house but I know it's very much possible since Bitcoin is a major thing amongst the youth and people around. It all depends on the mindset of the person selling and the person building, if both parties are into Bitcoin and agreed to make the sell and purchase through that means then it's very much possible to secure a big asset like a house without any stress and inconvenience.

Why 5.5 BTC and not 5 or 6? Aren't you trying to sell your house a bit too expensive? :) I'd like to see what this building looks like. $690k...could buy a house on the moon for that kind of money. :)

I think, at the overpriced price, buying a house for bitcoin won't be difficult. Purchasing btc specifically to pay for a house seems silly. I could only imagine that the old holders (who bought bitcoin at a different exchange rate) could have paid for the house for 5.5 BTC.

Although I have no idea what kind of mansions the bitcointalk moderators live in. Maybe that's what their mansions cost. :)

As for my country I don't think it is possible to buy a house or land using BTC. This can only be possible in countries that have accepted bitcoin as means of transaction. The idea of using BTC to buy a house, to me there maybe alot of disadvantages like high tax rate. Therefore buying with fiat may be suitable considering if the tax rate and other fees that may not be included while transacting with fiat.

I am willing to sell my house or houses in my care and get paid in bitcoin, I guess it is this easy because I know my way around it, but no one want to accept bitcoin as means of payment here, people don't see it as a form of money but as a form of gold or investment only, they are satisfied with just holding on it rather than using it to pay for anything, we can't even use any crypto to buy cars or food anywhere, even if the government legalized spending and buying anything with bitcoin and crypto I believe that many people won't want to do it. I don't blame them because I also feel this heaviness in my mind when I plan to use bitcoin to pay for anything both online or offline, I feel like I am wasting away something very valuable.

It is definitely possible in almost all jurisdictions. the question is really whether you should? In most cases you would have been better off taking a loan against the bitcoin.

The first condition to be met for buying a house with Bitcoin is that Bitcoin must be legalised in that country and secondly the house owner is willing to accept payment in Bitcoin. It's also a fact that there are many countries where Bitcoin is still not legalised because of government policies. Having your own house is not a luxury but a necessity because there are complications if you live in a rented accommodations, at least in my country. Bitcoin is not legalised in my country but I would convert my Bitcoins to fiat, if I have to buy a house for myself.  

That's above $680k at the current price. Do you live in a fancy neighborhood, or are you just demanding extra because you know no one is going to pay you that much since you don't want to sell it?  :D

Anyway, someone would only accept such an offer if they live around there, or at least within the same country. It also depends on personal choices of people, like, if I have 5.5 BTC, I'm not going to spend that money on buying a house, unless I know that I have my earning part sorted, because if you are not making good money on a constant basis, you should spend your money on improving that first, and then you should think about these things. I don't consider people being wise if they go for a house, a car, and other luxuries when they have money even when they are still doing a 9 to 5 job.

Coming back to the question in OP, no, you can't buy a house in my country with Bitcoin because it's not yet legal, and on top of that, most people don't know about it, especially in the real estate sector.

You could in Canada but you'd most likely cash out through an exchange a few times as exchanges have limits unless lifted or increased and pay tax through the entire process.

In my country Bitcoin is not publicly accepted for payment means or foreign exchanges yet only if it exist between both the buyer and seller which is an agreed situationship but internationally, it's not being used for exchanges and I believe with time it would be integrated with Bitcoin's massive outreach.

The time that Bitcoin would be globally used is coming and nothing could stop that. Bitcoin is now and forever.

I’m currently promoting a highly interesting property for sale in Bitcoin, located in the Mexican Caribbean—specifically in Tulum (you can learn more about it here: https://bucefalo.group/whitepaper 

Due to the owner’s complex health issues, as well as other challenges that have arisen within their family circle, we are exploring the possibility of auctioning the property—also in Bitcoin. 

In the meantime, we’ve launched an exciting promotion for those interested in expanding the Bitcoin ecosystem in this region, tied to the property I’m referring to. This is a unique opportunity to contribute to Bitcoin adoption while engaging with a remarkable location. 

Feel free to reach out if you’d like more details or wish to participate!

https://www.talkimg.com/images/2025/10/06/UGv8zl.jpeg

If I had 5.5 Bitcoins, I would also hold these Bitcoins so that I could buy a flat with one Bitcoin in the future.
I don't need a house, but Bitcoin is much more valuable to me than a house. If I have Bitcoin, I will have a house, but if I have a house, it will not be possible to buy Bitcoin if the price of Bitcoin increases later. Moreover, people now live in rented flats instead of building their own homes. Maybe I will live in rented flats, but I will not sell my Bitcoin.

5.5BTC equivalent to 690k$ is a huge amount of money and we can own a moderate villa or a fully furnished luxury house in developing countries. But with this amount of money, we can only buy an average 2-bedroom apartment or house in developed countries. So I guess he comes from a developed country.

The gap in average income and cost of living between developed and third world countries is huge. So for many of us this might be a huge amount but for them this is just an average amount. Just like owning 1BTC is not too difficult for them but it is an impossible task for people in 3rd world countries.

Tax payment is inevitable, and as long as the exchange to use is regulated, the amount which you want to sell and the cost of the house will determine how much you sell on a single sale. If not, Bitcoin can't be used to pay for tax. It could have been easier to even purchase something directly using cryptocurrency in Canada, but due to the tax problem, I guess real estate agents will have to avoid that.

It’s important to highlight that there are always people who aspire to own their own home—or, to put it another way, who are tired of paying rent. In light of this, it’s worth noting that it is now possible to buy property with Bitcoin, such as the beautiful property I am currently promoting (more about here (https://bucefalo.group/whitepaper)). 

Located not far from town—in Isla Mujeres—BTC Isla is developing an exemplary project that promotes the circular economy with Bitcoin. This initiative is particularly significant because the connections between these locations are quite close, making both areas of local interest with immense potential.

Yes, it's possible, but I'll have to explain the source of the funds. Plus, if I make such a large purchase with Bitcoin, it will be national news, and I'm sure the media will write about it. Do I need that? No... It will attract the attention of the tax authorities, and they'll ask me questions I definitely don't want to answer. So, I'd rather convert my Bitcoins to fiat like everyone else does and buy a house with a currency that doesn't attract attention...

I've always wanted to live in a small house, the hustle and bustle of living in an apartment gets a little tiresome. I think 1 bitcoin would be enough to buy a nice house in a quiet place, and I'd keep the rest of the bitcoins for hold, hoping to make even more profit in the future. And I think that would be enough to buy a better house and ensure I have enough money to be secure for the rest of my life. But 5 bitcoins seems like an unattainable goal right now.

It is because people know about cryptocurrencies, but then again some people wouldn't feel safe transacting in a currency that is not their daily... they will likely prefer the funds are wired to their bank account for formalities and also to process property transfer tax and that stuff...

But of course, millennials would have no problem with such a transaction  8)

I haven't seen any listings in our country here in the Philippines. And I'd love to transact using bitcoin for buying even small parcels of land. The transfer here is just the problem and it sucks that the fee for doing it is going to take around 5% of the whole amount of the purchase.

It will still depend on where they are going to do it. I just remember that there were holders before that have asked to purchase real estate and that'll cost them several hundreds to thousands of BTC.

And this kind of business can only be done with people that are familiar of the bitcoin already because how do you convince people that has no knowledge that you want to make payment with bitcoin. And now that things are a little exposed so they won't find it very hard to understand but the only issue will be how do they convert it from Bitcoin to fiat most of them don't even have this knowledge and it is very important for them to choose bitcoin because the transaction is fast.

Doh it depends on the  country because there countries that accept bitcoin as a means of payment so in such places I don't think there will be an issue purchasing anything with bitcoin so all this depends on the country, like mine there people that will accept a equivalent value of bitcoin to what you are buying.

 An interesting prospect, and I assume you're targeting something far more important and valuable in the future. In this case, Bitcoin is growing rapidly and has a fairly high value. By owning Bitcoin, most people buy apartments, houses, and even cars with their Bitcoin. In a broader sense, they already own a significant amount of Bitcoin.

Bitcoin plays a crucial role in today's economic era. Owning Bitcoin makes it very easy to manage their needs and desires. I think I will continue to maintain Bitcoin as my primary asset in this section.

For those of you who don't own much Bitcoin, it's better to buy and hold on to it more often than to sell it for something else. Those who can afford to buy apartments, houses, and cars with Bitcoin are certainly not just ordinary people. These people not only have a lot of Bitcoin but also have a lot of money. So when they don't have enough money, they'll naturally rely on Bitcoin to cover the shortfall, although not in larger amounts, because their primary source of funds for purchasing anything is money, not a long-held asset like Bitcoin.

Bitcoin has already achieved several all-time highs in the market, and it's likely to do so again this month if the price correction isn't too severe. That's why Bitcoin interest is growing, and people who previously disliked it are now seeing it as a valuable asset and an opportunity to secure the best in the future. Therefore, those of us who are already aware of this shouldn't just let go of Bitcoin unless there's an urgent need.

I wouldn’t mind. It would be pretty nice to live in Canada. It seems a lot peaceful up there and I hear healthcare is affordable if not free. One bitcoin would be enough to pack up my life and move but for a more comfortable and easy migration I’d say I need 2 bitcoins. Just so I can start living comfortably in another country

Meanwhile yes it's possible to buy house in bitecoin but not in all  countries do accept why, because generally you as a buyer you have checkmate whom you buying from does he or she accept such,  and it's also have to do with the nation you are does such of a thing of bitecoin legal before you proceed in buying, and if luckily you are able to meet a person whom accept such your business will be  much flow and very easier .

Further more if really a country do not accept such and you want to buy a house you have to do it in other way round such as going to the nearest bank to exchange the BTC so as the business of buying the house can be flow and with that since the business as taken place in that of the process so is still bitecoin, Meanwhile as for me yes BTC can buy  house.

Everyone with their choice but I don't want to leave in a rented apartment forever. With 1 Bitcoin now, I can have a good home that is more than a flat in good estate, it might not be a flashy house like many might have dream but I can do that and I will do that now and hold the rest of Bitcoin. However, if I have the opportunity to stay in a country where mortgage works, I will keep the Bitcoin and work my house to get one house and manage for the time, when I have money from Bitcoin, I can sell the one I had and buy another good house.

In my country, I most of the estate developers and agent accept any kind of payment you can think of as long as the asset you are giving them is an asset with liquidity where it can be exchange for money quickly. I think on a global scale, most housing business people are aware of Bitcoin, they will take it from you without a doubt but I'm sure they will want to receive in an exchange wallet so they can p2p immediately without any stress of running away.

If I mention our country, Bitcoin is not being used legally in our country yet, due to which I cannot buy any porn with Bitcoin in my country. Yes, but with those like me who have a few more Bitcoin transactions in our country, we can purchase some amount of goods with Bitcoin transactions, but we cannot purchase any porn with Bitcoin from the market or any company. However, we can buy a house by converting Bitcoin into the fiat currency of our own country. If El Salvador or other countries that have accepted Bitcoin and they have been using Bitcoin independently and they can deposit Bitcoin as a reserve in a bank account if they want. However, in our country, we have not heard any news in favor of Bitcoin so far, whether Bitcoin will still be accepted in our country. However, it is hoped that if Bitcoin is accepted in several more countries, the government of our country will think about Bitcoin.