Cryptocurrency is one of the fastest-growing phenomena in the world right now. With multiple different coins and tokens, it’s no surprise that it can be confusing to some.
Hundreds of thousands of people are trading these coins trying to judge the market on when to buy and sell.
However, there are many crypto holders worldwide who are looking to spend their crypto.
In particular, Bitcoin.
This is because Bitcoin is the first of all the cryptocurrencies to be adopted by large corporations. Businesses such as AutoCoinCars, PayPal and Virgin are now accepting Bitcoin payments.
In March 2021 Tesla announced they would be trialling Bitcoin payments in the US. Whilst this was met with a great deal of support across social media and pumped the crypto market, many loyal fans of Tesla were not so happy.
Fans and supporters of Tesla were shocked that the company was going to support the acceptance of a cryptocurrency that is far from being eco-friendly. One of the main aims of Tesla is to build cars that significantly reduce environmental impact in comparison to standard petrol or diesel cars. To sell these electric cars for Bitcoin seemed to be the wrong move for Tesla.
However, since this, Tesla has now announced that it is accepting DOGE for its merchandise. DOGE has less of an environmental footprint than Bitcoin and has been heavily backed by Elon Musk.
Many countries such as China and the US have been looking into cleaner ways of mining Bitcoin to help improve the future of this crypto. Elon Musk said that he hasn’t yet written off the possibility of Tesla accepting Bitcoin again, but, when this could be, we do not know.
So, what if you wanted to buy a Tesla with Bitcoin in the UK now?
AutoCoinCars is the first marketplace of its kind. It is a crypto-car marketplace.
Over 600 car dealerships across the UK have partnered with AutoCoinCars since it was established 4 years ago.
Dealers advertise their stock through the marketplace like they would on other platforms such as Auto Trader or Piston Heads.
The key detail that makes AutoCoinCars stand out, is that you can transact in cryptocurrency. They accept a wide range of cryptos including Bitcoin, Ethereum, and stable coins such as Tether.
Let’s say you have enough Bitcoin to buy a Tesla, how do you do it?
Firstly, search the AutoCoinCars portal for the model of Tesla you want.
Secondly, you enquire about the vehicle with them. They will then give you a quote for the car in Bitcoin based on the live market rate. Next, they contact the dealership for you to let them know about your desire to purchase the vehicle.
As you would with any other purchase you can go and view it, ask questions, test drive etc. Once you are happy with the vehicle, the dealership will send them the invoice amount. The payment is then completed with yourselves and AutoCoinCars.
AutoCoinCars do a test transaction for safety to ensure you have the correct funds and to ensure there has been no user error inputting the wallet address. Once this is done you can then pay the rest of the amount in your chosen currency, in this case – Bitcoin.
From there AutoCoinCars will handle the rest and pay the full invoice to the dealership. As soon as that is complete you can take your new car home.
It is that simple!
5 easy steps to buy a Tesla with bitcoin in the UK summed up:
Choose a car.
Enquire and choose a crypto payment option.
View the car (if you want).
Pay the invoice with AutoCoinCars.
Take the car home.
If you want to buy a Tesla with Bitcoin in the UK, browse AutoCoinCars’ selection and get in touch today.