By Ollie H - Cryptocurrency Expert - 11/04/2021
With a steady rise of realtors buying and selling homes with Bitcoin (BTC), cryptocurrencies are presenting themselves in our everyday lives. Blockchain real estate transaction management is seeing an increasing trend, with more firms selling homes using cryptocurrencies. This is not unusual amongst ultra-high net worth (UHNW) clientele, with Bitcoin investments being the preferred cryptoasset payment method.
According to Tony Giordano, President of Opulent Agency, a crypto-real estate attorney known for using Bitcoin to buy a house, purchasing real-estate with Bitcoin requires particular services and infrastructure; including an estate agent who facilitates crypto, a crypto-real estate attorney, and a third-party escrow to process and hold the transaction.
The new decade has seen an increase in the popularity of cryptocurrencies, which were previously confined to the margins of digital finance. Today it's a different situation, as cryptocurrencies are gaining mainstream attention among both institutional investors and retail consumers. The recent years and hype have their allowed the total market capitalisation of the sector to rise to a staggering $1.90 trillion.
The new cryptocurrency craze revolves around the buying and selling of real estate.
The trend of buying houses with Bitcoin is gaining traction, with many high-end realtors selling luxury homes for Bitcoin.
According to reports, there is a rising trend among realtors to buy and sell homes using cryptocurrencies. The most popular cryptocurrency appears to be Bitcoin, which has amassed a sizable following to become the most popular cryptocurrency trading coin globally, with millions of participants and hodlers (HODL).
As reported by CNBC's Diana Olek, the idea of buying homes with Bitcoin was almost unheard of only a few years ago, when Selling a house using Bitcoin trading was nearly impossible.
If you’re looking to Buy and Sell Bitcoin and other popular cryptos, you can do so by heading over to BC Bitcoin and registering an account with us today.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards