Cryptocurrency is growing at a staggering rate, and so is electric car buying. There are thousands of different cryptos, with more added daily!
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.
Throughout 2021 cryptocurrency adoption has spread like wildfire. An increasing number of businesses are looking for ways to accept cryptocurrency. Thanks to Elon Musk and Tesla, many car businesses have been looking to jump on board, but it’s not as easy as they may think.
Crypto holders leapt at the chance to buy a Tesla when Bitcoin payments were announced, but it wasn’t for long. Tesla received backlash for this due to the environmental impact of Bitcoin. This prompted the growth of eco-friendly cryptocurrencies such as Litecoin and Nano.
What if you wanted to buy an electric car with crypto?
AutoCoinCars is the first marketplace of its kind. It is a crypto-car marketplace.
Over 500 car dealerships across the UK have partnered with AutoCoinCars since opening, and we continue to get new partners daily. Dealers advertise their stock through the marketplace like they would on other platforms such as Auto Trader or Motors.
The key difference that makes AutoCoinCars stand out is “the unique service they offer”, which allows customers to transact in cryptocurrency. Not only that, but they take away the risks associated with crypto for both the car dealers and customers by processing the payments.
Let’s say you have enough cryptocurrency, such as Litecoin or Nano, to purchase an electric car, but how do you do it?
Firstly, search the AutoCoinCars marketplace for an electric car make and model that you want. For example, a Tesla Model 3.
Secondly, you enquire about the vehicle, and they would contact the dealership for you to let them know about your desire to purchase the vehicle. As with any purchase, you can then arrange to go and view it, ask various questions, and test drive the model etc.
Once you are happy with the vehicle, the dealership will send AutoCoinCars the invoice amount. They will then give you a quote for the car in your chosen crypto, (from our accepted cryptos) based on the live market rate.
A test transaction is then requested for safety to ensure that the correct crypto wallet is used and that the source of funds is legitimate. Once this is done you can then pay the rest of the amount in your chosen currency.
From there, AutoCoinCars handles the rest; they pay the full invoice to the dealership. As soon as that is completed you can take your new electric car home. It’s as simple as that!
5 easy steps to buy an electric car with crypto summed up:
If you want to buy an electric car with cryptocurrency in the UK, browse the stock on AutoCoinCars or get in touch with them for more information.