Buying property in Turkey with Bitcoin

Due to the expansion of the use of digital currencies and cryptocurrencies, especially Bitcoin, the purchase and sale of digital currencies has gradually become established as a payment method in various societies and even legally accepted in some countries.

With the expansion of the world of digital currencies, at the head of which is the famous King Bitcoin since 2009, many countries have even entered the complex world of cryptocurrencies by creating a country-specific coin as a national digital currency.

In the article on buying property in Turkey with Bitcoin, you will read:

What is Bitcoin?
Is it possible to buy property with Bitcoin in Turkey?
Buying an apartment with Bitcoin in Turkey
Steps to buy property in Turkey with Bitcoin
Advantages of buying property in Turkey with Bitcoin

To obtain Turkish citizenship and passport through buying a house in Turkey

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Is it possible to buy property with Bitcoin in Turkey?

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What is Bitcoin?

Bitcoin is a digital currency that was introduced as the first digital currency

With Bitcoin, you will be able to pay the cost of buying goods and receiving services from anywhere in the world, immediately and without delay and without the need of any bank, exchange or intermediary payment system.

Bitcoin has exactly the same function as international currencies, but since no government or central government has interfered with this digital currency.

No power in the world can control Bitcoin and dictate its financial and commercial policies to it by exerting influence and creating pressure.

Therefore, most countries have not recognized this digital money as a legal currency.

Bitcoin is the first decentralized cryptocurrency in the world.

The decentralization of Bitcoin means that the network of this money works without the intervention or control of any management body or central authority.

Bitcoin’s decentralization means that it is a peer-to-peer or person-to-person network and transactions or financial transfers are done directly and without any intermediaries between users.

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Buying an apartment with Bitcoin in Turkey:

The Turkish government and banking supervision laws announced the legality of Bitcoin activities in a statement in 2013.

Currently, Bitcoin and other virtual currencies are received as payment for the purchase of property in Turkey.

Due to the expansion of cryptocurrencies and in order to facilitate payment services,

As a result, dear customers can make their purchases with “Bitcoin” digital currency or any other digital currency.

It is interesting to know that the Bitcoin ATM was installed in Atatürk Airport in Turkey, the 14th busiest airport in the world!

The process of dealing with digital currencies widely attracts real estate and real estate investors in Turkey

who are looking to enter the real estate market by buying a house

Considering that the value of digital currencies is constantly changing,

Valuation at the time of payment will be calculated according to the value of the day

Steps to buy property in Turkey with Bitcoin:

Bitcoin and blockchain technology have been around since 2009 and have continued to exist without problems.

The amount of bitcoins when paying is calculated according to the value of bitcoins against euros and dollars.

As soon as the transfer is made to the digital account of the company or the exchange, the house contract will be concluded on the same day, and the procedures for the transfer of Tapu etc. will be done through the company.

It is also possible to use smart contracts in the field of blockchain.

Advantages of buying property in Turkey with Bitcoin:

Direct exchange without intermediaries

Bitcoin transactions take place directly between the receiver and the sender

And in the meantime, there is no mention of a third party or an intermediary; therefore, no commission is paid to intermediaries and only the cost of transferring the transaction on the blockchain platform is deducted in terms of the transferred digital currency.

International transactions

Bitcoin is the easiest way to make international transactions, especially if the transaction amount is high;

Because the additional fee for paying different amounts is not paid to the recipient.

With Bitcoin, it is possible to transfer more than one million dollars of money with a reasonable fee.

Bitcoin cannot be blocked

No entity or government has the ability to stop Bitcoin from working (by itself).

Since Bitcoin is impervious to politics,

Governments and government officials also cannot seize or freeze assets in the form of Bitcoin.

Also read these articles:

Obtaining Turkish citizenship and methods of obtaining Turkish passport

The price of buying a house in Turkey in Iranian money in 2020

Staying in Turkey by buying a cheap property