By Frank Martin (MoneyAmped.com)
Buying a car with your Bitcoin holding is possible in 2025, thanks to the many automobile dealerships that accept crypto payments. In this guide, we will explain the process of acquiring your dream car with Bitcoin and reveal car dealers that support payments in digital currencies. But first, let’s understand the advantages and disadvantages of purchasing a car with Bitcoin.
Advantages of Acquiring a Car With Bitcoin
1. Efficiency: Although Bitcoin transactions are slower than most of the other top cryptocurrencies, they are still faster than conventional bank transfers, which take numerous days to complete. That means you can make a cross-border payment for your car within a few minutes.
2. Privacy: You are not required to reveal your personal details when transacting on the Bitcoin network. This degree of anonymity reduces the risk of identity theft and data breaches.
3. Cost-effective: Bitcoin transactions are significantly cheaper than traditional bank transfers. Furthermore, you don’t incur Forex conversion charges when making cross-border payments.
Disadvantages of Paying for a Car With Bitcoin
1. Volatile: Like other unbacked cryptocurrencies, Bitcoin is subject to extreme price volatility, meaning its value can drop while transacting, forcing you to pay more for a car. Luckily, most payment gateways have the ‘guaranteed exchange rate’ feature, which addresses the slippage issue.
2. Niche: Only a limited number of car dealerships worldwide accept Bitcoin payments. So, if you are looking to buy a car with BTC, you need to spend some time conducting extensive research to identify sellers who allow crypto payments. However, considering Bitcoin is becoming largely acceptable, this issue will likely fade in the future as more car dealerships start to embrace crypto.
3. Taxable: In some countries, such as the United States, Bitcoin transactions attract taxes. Therefore, you need to understand your country’s crypto tax laws before transferring Bitcoin to a car dealer.
4. Irreversible: You cannot reverse a Bitcoin transaction. So, if you accidentally send your coins to the wrong address, you will lose them forever.
Car Dealership Accepting BTC in 2025
As mentioned, several car sellers worldwide allow customers to pay with Bitcoin. Some include:
1. Prestige Cars Kent: As the name suggests, this UK-based car dealership sells prestige units. It started accepting crypto payments in April 2024. Besides Bitcoin, Prestige Cars Kent supports payments in XRP and Ethereum.
2. HGreg: This American car seller began supporting Bitcoin payments in 2021. Customers can use their BTC to buy both new and pre-owned vehicles.
3. BitCars: Alongside selling high-end cars, BitCars stocks luxurious yachts, which customers can order from any part of the world. What’s more, this company supports payments in several cryptocurrencies, including Bitcoin, USDT, and Ethereum.
4. GTA Cars: If you are in the United Arab Emirates and looking for a quality pre-owned car, visit GTA Cars. You can pay for your unit using Bitcoin or Ethereum.
How to Acquire a Car With BTC
Buying a car with Bitcoin is pretty straightforward. Here is what you should do:
1. Select a car dealership: The first step involves finding a car dealership that accepts Bitcoin payments.
2. Identify your dream car: Once you find a car dealer, look for your desired unit in its inventory.
3. Contact the car dealership: Next, reach out to the seller to get more information about the selected car. For instance, you may want to know its mileage details and warranty terms.
4. Complete required documentation: The car dealership may ask you to provide your government-issued ID and sign a sales agreement afterward.
5. Make payments: Once you complete the paperwork, transfer the requested Bitcoin amount to the car seller’s wallet address. Remember to ask for a receipt after the transfer is complete.
6. Arrange delivery/pickup: If you can’t pick up your car from the dealership, you can arrange delivery of the unit. Note that you may incur shipping fees.
And that’s how easy it is to buy a car with Bitcoin. However, consider the risks involved before taking any further action.
