Acquiring real estate through cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB), is already a reality in many countries, including the United States, England, and Brazil. With the rise of this market and the increasing acceptance of these assets as a legitimate form of payment, investors and buyers are exploring new possibilities for transactions with cryptocurrencies, including the real estate sector.
Cryptocurrencies are digital currencies that use encryption to ensure transaction security and control unit creation. Blockchain technology records all transactions, unlike traditional currencies issued by governments. Bitcoin (BTC), one of the most well-known cryptocurrencies, was created in 2008 by Satoshi Nakamoto (pseudonym) in response to the financial crisis of that time. Since then, several other cryptocurrencies have been launched, each with its own characteristics and purposes.
