Zero2Turbo
    Facebook Twitter Instagram
    Facebook Twitter Instagram RSS
    Zero2Turbo
    • Home
    • Contact
    • Videos
      Featured

      Aston Martin Reveals Most Powerful DBS Ever The DBS 770 Ultimate

      By Zero2TurboJanuary 18, 2023
      Recent

      Aston Martin Reveals Most Powerful DBS Ever The DBS 770 Ultimate

      January 18, 2023

      Hennessey Reveal Track-Focused 1,817 HP (1,355 kW) Venom F5 Revolution

      January 9, 2023

      Bugatti Chiron 10-Year Ownership Costs As Much As R3.5m

      January 5, 2023
    • South Africa
    • Zero2Turbo Telegram
    Zero2Turbo
    Home»Zero2Turbo»Advantages of Using Cryptocurrency to Buy a Car
    Zero2Turbo

    Advantages of Using Cryptocurrency to Buy a Car

    By Zero2TurboNovember 24, 2022Updated:December 7, 2022No Comments
    Facebook Email Twitter LinkedIn Telegram WhatsApp
    Share
    Facebook Email Twitter LinkedIn WhatsApp Telegram

    Buying a car with a cryptocurrency like Ethereum or bitcoin may sound like a non-viable thing to do, given the volatility of cryptocurrencies. Although virtual currency was once a futuristic topic, it was hard for most people to envision its potential. 

    But today, there is a rising and mainstream adoption booming, and using crypto to buy a car is now easier than you think. Crypto has become a household name, with new coins popping out on various trading platforms. And it is now being used to purchase or pay for larger items like vacations, houses, cars, and make investments on MLB picks today, for instance. 

    There are many reasons why crypto enthusiasts would choose to buy a car using cryptocurrency. These may include ease of transaction, discount rate, payment plan, fund security, and the exchange rate of the choice of car. This article discusses some advantages of using cryptocurrency to purchase a car. 

    Little to No Transaction Fees

    Purchasing a car with crypto has become a reality in 2022, and transaction fees can be little to zero, depending on the exchange used. Brands like Tesla, Audi, BMW, etc., have made it possible and have provided buyers with the option of using virtual currency to buy their cars with little to no transaction fees on each purchase. 

    For instance, you will have to deposit $100 in bitcoin to purchase Tesla, depending on the Tesla model you want. But, like all crypto-enabled purchases, buyers should do their due diligence before releasing coins from their wallets. The reason is that once you send the money, it can’t be reversed unless the receiver sends it back themselves. 

    Secured Transaction

    Unlike the traditional banking method, where your transaction can be tapped into without security, all transactions on cryptocurrency are secured through authentication processes. This process verifies users and transactions before processing and making the transaction complete. 

    This technology is known as the blockchain, which makes Bitcoin and other digital currencies secure to trade on as they can take on huge transactions that can cause issues if it isn’t very safe. 

    An Increase in Market Value Can Reduce the Amount You’ll Pay

    If the value of the cryptocurrency you choose to purchase a car with increases, you could potentially buy a car valued more than the amount you paid in crypto, making your purchase a good deal. Although this can be tricky as sellers may opt out of getting paid in crypto if they know they’d be on the losing end. So, you should try it. 

    Keep the Value of Your Crypto

    Crypto value increases based on the supply and demand rate on exchange platforms, and the value fluctuates based on the market perception at any time, making it volatile. But if you can purchase a car with the current value before it spikes or reduces in value, you have successfully made a good purchase.

    Fast and Easy Transaction 

    Crypto transactions take between 5 seconds to 10 minutes to go through, making it easy for merchants to confirm transactions. However, the estimated time may vary with different cryptocurrencies. This also depends on the platform where the transaction is carried out. 

    Bitcoin, for example, could take around 20-40 minutes on Kranken, depending on the fees involved—while tokens like Solana may be confirmed for transmission immediately after the transaction. The transaction speed matters in crypto trading as it indicates which coin is more efficient. 

    A fast and easy transaction means that the blockchain powering that particular coin is more capable of transmitting data from one party to another and verifying transactions. Many factors can influence transaction speed, including block time, transaction fees, block size, and network traffic. 

    Final Thought

    A lot is still very much unknown about cryptocurrency. While cryptocurrency like Ethereum and bitcoin is clearly gaining attention, there are still questions about their future for investors and traders. With new practices being adopted daily in the crypto world, purchasing a car with virtual currency is a trend that we will see becoming more notable in the future. 

    Ensure that you have weighed your options before considering whether the purchase is in your financial best interest based on the virtual currency’s volatile nature. And if you decide to buy, it is important that you do all your basic research and ensure you are working with a reputable dealership and exchange platform.

    Share. Facebook Email Twitter LinkedIn WhatsApp Telegram
    Previous ArticleR13 Million BMW 3.0 CSL Revealed With Manual and RWD
    Next Article 8 Tips for Maintaining Your Car

    Related Posts

    One-Off Bugatti Chiron Profilée Heads To Auction This Week

    January 30, 2023

    Lamborghini Aventador Successor Gets Superb Looking Render

    January 30, 2023

    Lamborghini Huracán Sterrato Gets First Ever All-Terrain Run-Flat Supercar Tyre

    January 26, 2023

    Manhart Create Menacing Range Rover Sport With 641 HP (478 kW)

    January 26, 2023

    Bugatti W16 Mistral Visits Japan – Check Out These Stunning Photos

    January 26, 2023

    Porsche Vision 357 Revealed Packing GT4 RS Power

    January 26, 2023

    Leave A Reply Cancel Reply

    Popular Posts
    • US-Owned Bugatti Centodieci Gets Epic EB 110 Le Mans Racer Spec
    • BMW M3 CS Officially Revealed Packing 543 HP (405 kW)
    • 2023 BMW M3 CS Leaked Ahead Of Debut
    • Aston Martin Reveals Most Powerful DBS Ever The DBS 770 Ultimate
    • How to Avoid Insurance Disputes in a Car Accident Claim

    Latest Instagram Photos
    • Menacing Frozen Brooklyn Grey Metallic BMW M4 CSL sold by @bmwbryanston spotted in Linksfield recently by @thomasovitale 😎

Just 15 of these came into the country priced at R3.57m.

Would you prefer this or the freshly revealed M3 CS?

#ExoticSpotSA #Zero2Turbo #SouthAfrica #BMW #M4CSL #FrozenBrooklynGreyMetallic
    • The BMW i4 M50 is quite possibly the best EV we have had the pleasure of testing.

It's superbly comfortable but at the simple touch of a button, it switches from tourer to tornado and you find yourself instantly doing speeds you should not be doing.

While not all EVs will have the same refinement or scintillating performance, this was both relaxing and thrilling to drive.

The Gran Coupé is a handsome car with a sense of sleek length and disguises its hatchback as a booted saloon rear end and that M Portimao Blue metallic paint certainly garnered a lot of positive attention.

Compared with the BMW iX it’s less of a show-stopper, but comes with a much more attractive price tag – and while the i4 is still quite the financial investment (R1,6m) we feel it gives you excellent value in return.

Yes, we did have a few charging issues (Eskom) and if you don't have a Wallbox charger at home filling up with petrol is MUCH easier. However, that being said if you’re looking for an outstanding driving experience both on the twisties and on the highway, this is definitely worth considering if you have decided to make the jump to the electric car.

#ExoticSpotSA #Zero2Turbo #SouthAfrica #BMW #i4M50 #Z2TDriven #BMWi4M50
    • The totally bonkers Ferrari 812 Competizione was spotted in Bryanston today by Brad Ainge.

It actually makes the F12tdf look quite tame in comparison. Which would you rather have?

Priced around R14m depending on spec.

#ExoticSpotSA #Zero2Turbo #SouthAfrica #Ferrari #812Comp
    • Welcome the Mercedes-AMG EQE 43 4MATIC to SA 🇿🇦

Front and rear motors delivering 350 kW and 858 Nm of torque for a 100km/h sprint in 4.2s and a WLTP range of up to 535km.

Pricing is estimated to be R2,200,000.

#ExoticSpotSA #Zero2Turbo #SouthAfrica #MercedesAMG #EQE43
    • Our time has come to an end with the most potent version of Mzansi’s favourite bakkie, the new Toyota Hilux GR-Sport.

The 2.8-litre turbo diesel powerplant has been tweaked to push out 165kW and 550 Nm thanks to an updated ECU which also responsible for the much needed revised mapping of the six-speed auto.

The sporty Hilux gets new monotube shocks as well as stiffer coil springs which make the bakkie a lot more settled at higher speed and provide great feedback on some of the twisty bits. If you don’t have a full load at the back however, you might find it a tad too stiff and rather twitchy for day to day driving. 

Inside you get a load of sporty touches including “carbon fibre” trim pieces but the highlight has to be the race inspired front seats complete with Alcantara inserts and some GR badging on the headrests. 

For the Hilux customers, this is a welcome addition to the range as the exterior and interior aesthetics align very neatly with the GR brand.

Yours from R891,400. Are you picking this or the Legend RS?

#Z2TDriven #Toyota #HiluxGRSport #Hilux #GRSport
    • Kicking the week off with this gorgeous Giallo Ferrari F12tdf spotted in Lenasia this weekend by @theedesignstudio 

#ExoticSpotSA #Zero2Turbo #SouthAfrica #Ferrari #F12tdf

    Follow Us

    Facebook Twitter Instagram YouTube RSS
    Designed by Zero2Turbo.

    Type above and press Enter to search. Press Esc to cancel.