{"id":163,"date":"2021-09-01T16:47:34","date_gmt":"2021-09-01T15:47:34","guid":{"rendered":"https:\/\/www.sellmycars.co.uk\/blog\/?p=163"},"modified":"2023-06-23T13:04:43","modified_gmt":"2023-06-23T12:04:43","slug":"buy-my-car-for-bitcoin","status":"publish","type":"post","link":"https:\/\/www.sellmycars.co.uk\/blog\/2021\/09\/01\/buy-my-car-for-bitcoin\/","title":{"rendered":"Buy my car for Bitcoin!"},"content":{"rendered":"<h4 style=\"text-align: center;\"><strong>Will you buy my car for Bitcoin in Nottingham?<\/strong><\/h4>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-164\" src=\"https:\/\/i0.wp.com\/www.sellmycars.co.uk\/blog\/wp-content\/uploads\/2021\/08\/bitcoin.jpg?resize=223%2C223&#038;ssl=1\" alt=\"\" width=\"223\" height=\"223\" srcset=\"https:\/\/i0.wp.com\/www.sellmycars.co.uk\/blog\/wp-content\/uploads\/2021\/08\/bitcoin.jpg?w=223&amp;ssl=1 223w, https:\/\/i0.wp.com\/www.sellmycars.co.uk\/blog\/wp-content\/uploads\/2021\/08\/bitcoin.jpg?resize=150%2C150&amp;ssl=1 150w\" sizes=\"auto, (max-width: 223px) 100vw, 223px\" \/><\/p>\n<p>Will you pay for my car in Bitcoin? That&#8217;s an interesting question, but the short answer is not yet, and this also goes for cryptocurrency in general.<\/p>\n<h4 style=\"text-align: center;\"><strong>Why not yet?<\/strong><\/h4>\n<p style=\"text-align: justify;\">Cryptocurrencies have attracted some adverse publicity as their use has sometimes been associated with the criminal element. This reputation ignores the fact that the vast majority of users are legitimate investors and use the blockchain system for specialised purposes.\u00a0 Cryptocurrency is here to stay and some cryptocurrencies will become mainstream as a consumer payment method. We&#8217;ve all heard of Bitcoin, but there are many more in the mix jockeying for market dominance.<\/p>\n<h4 style=\"text-align: center;\"><strong>If Bitcoin is like cash why won&#8217;t you buy my car for it?<\/strong><\/h4>\n<p style=\"text-align: justify;\">It&#8217;s too early in the evolution of crypto for us to divert from cash payments or bank transfer. Furthermore we need to know more about the accounting and administration issues involved.<\/p>\n<p style=\"text-align: justify;\">The fundamental problem for many businesses is cryptocurrency volatility.\u00a0To convert crypto to cash or vice versa you need to have an account with a crypto currency exchange such as <a href=\"https:\/\/www.coinbase.com\">Coinbase<\/a> which will of course attract charges.<\/p>\n<h4 style=\"text-align: center;\"><strong>The current volatility of cryptocurrency<\/strong><\/h4>\n<p>Imagine though that we agree to buy your car for 0.15 Bitcoin (value \u00a35000 at the time of posting) A casual Twitter post from an influencer such as <a href=\"https:\/\/en.wikipedia.org\/wiki\/Elon_Musk\">Elon Musk<\/a> mid-transaction can affect the market dramatically and leave one of us seriously out of pocket. So no thanks, not yet &#8230; We&#8217;ll buy your car for cash in Nottingham right now &#8211; but who knows about the future!<\/p>\n<p><a href=\"https:\/\/www.sellmycars.co.uk\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-72\" src=\"https:\/\/i0.wp.com\/www.sellmycars.co.uk\/blog\/wp-content\/uploads\/2020\/07\/sell-my-carsell-my-car-at-auctionbest-price-for-my-carclassic-carhondasellmy-carquickwe-buy-any-car-1.png?resize=446%2C131&#038;ssl=1\" alt=\"\" width=\"446\" height=\"131\" srcset=\"https:\/\/i0.wp.com\/www.sellmycars.co.uk\/blog\/wp-content\/uploads\/2020\/07\/sell-my-carsell-my-car-at-auctionbest-price-for-my-carclassic-carhondasellmy-carquickwe-buy-any-car-1.png?w=446&amp;ssl=1 446w, https:\/\/i0.wp.com\/www.sellmycars.co.uk\/blog\/wp-content\/uploads\/2020\/07\/sell-my-carsell-my-car-at-auctionbest-price-for-my-carclassic-carhondasellmy-carquickwe-buy-any-car-1.png?resize=300%2C88&amp;ssl=1 300w\" sizes=\"auto, (max-width: 446px) 100vw, 446px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Will you buy my car for Bitcoin in Nottingham? Will you pay for my car in Bitcoin? That&#8217;s an interesting&#8230;<\/p>\n","protected":false},"author":1,"featured_media":164,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[6],"tags":[48,49],"class_list":["post-163","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sell-my-car","tag-buy-my-car-for-bitcoin","tag-how-to-sell-my-car-for-crypto-currency"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.9 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Buy my car for Bitcoin! - Sell my car<\/title>\n<meta name=\"description\" content=\"Will you buy my car for Bitcoin or other cryptocurrency? We accept that crypto is here to stay and read on to see how we answer your question.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sellmycars.co.uk\/blog\/2021\/09\/01\/buy-my-car-for-bitcoin\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buy my car for Bitcoin!\" \/>\n<meta property=\"og:description\" content=\"Will you buy my car for Bitcoin or other cryptocurrency? 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