How to Buy a Tesla with Bitcoin?
What if you could buy a Tesla with Bitcoin? Interestingly, in the history of the automotive industry, Tesla is the first car manufacturing company to accept payments in cryptocurrency. With cryptocurrency pushing boundaries and embedding itself in the market worldwide, buying an electric car using digital money is not futuristic anymore. In fact, making payments via digital currency is a new normal now. Speaking of Tesla in particular, the announcement made by Elon Musk regarding accepting Bitcoin as a payment for Tesla products caused a stir in the crypto-marketplace. Crypto-holders immediately leapt at the chance to buy Tesla with Bitcoin. With that said, if you are holding Bitcoins and you want to buy a premium Tesla for yourself, now is the time. However, this must be making you wonder how you can make a Tesla purchase with Bitcoin. Thankfully, trusted platforms like AutoCoinCars have made it quite feasible for crypto-users to connect with each other and trade in a broad range of luxury cars.
Read More: Buy a Tesla with Crypto
AutoCoinCars is one of the leading car dealership platforms that enables buyers to pay for vehicles in their desired cryptocurrency. Despite cryptocurrency rapidly spreading its wings all across the globe, finding car dealerships that accept crypto payments is one challenging task. This way, AutoCoinCars is one of the very few platforms offering an opportunity like this. With over 5,000 car dealers on board, AutoCoinCars allows access to a wide variety of brand-new and used luxury vehicles available in nearly all variants on the website. You can browse through their catalogue and find a perfect Tesla variant for yourself.
Before we walk you through the steps to buy your dream Tesla model with Bitcoin, let us first get some basic insights on what Bitcoin is and why it should ideally be used to pay for cars.
What is Bitcoin?
Bitcoin is a major player in the crypto-marketplace. Just as other cryptocurrencies, Bitcoin uses a decentralised system to operate. It is used to make online payments from anywhere in the world. Of more than 19,000 cryptocurrencies in circulation today, Bitcoin is the hottest and most demanded form of cryptocurrency. No wonder business tycoons, such as Elon Musk and Bill Gates, have shifted their businesses towards accepting Bitcoin in the form of payment.
Bitcoin is the first ever form of digital currency that was founded by Santoshi Nakamoto in 2008. Interestingly, the focal point of introducing cryptocurrency was to diminish the use of conventional transaction systems and switch to digital paying mechanisms without involving a third-party.
What makes Bitcoin ideal to purchase cars with?
As Bitcoin utilises the blockchain technology, using it for making online transactions does not require the involvement of a centralised authority. In simpler words, without relying on a regulatory body, such as a bank or government, two individuals can directly carry out a crypto-transaction with each other. This way, crypto-transactions operate in a peer-to-peer network. Another aspect that makes it worth using for buying cars or anything is its ability to make your transactions encrypted, confidential, and secure. All the transactional data is recorded on the digital ledger or a blockchain; a unique verification code is generated against each transaction. Once they are permanently stored on the blockchain, they can not be discarded, changed, and manipulated at any cost. This allows your crypto-transactions to be fool-proof and highly secure.
For making crypto-car transactions, all you need to carry is a digital wallet with you. In the case of Tesla products, in particular, they allow you to transfer Bitcoin from your crypto-wallet directly to the company’s wallet.
Buy Tesla with AutoCoinCars.
Sign-Up. Set up your a;ccount on AutoCoinCars by filling out all the requested details.
Verify. Once you have submitted your account registration details, you will receive a verification email from AutoCoinCars. Have your account verified by clicking the link or code provided in the email.
Contact the Dealership. Browse through the entire inventory of Tesla models auctioned on AutoCoinCars’ website. If you like one, get in touch with the dealership right away. You can also inquire about it through AutoCoinCars. Ask for the invoice and car registration details.
Add your Crypto-Wallet. Provide your digital wallet details. If you are using Bitcoin, you can add your BitPay card to your AutoCoinCars’ account. To ensure your digital wallet ID is entered correctly, AutoCoinCars will run a test-transaction for which a small verification fee will be deducted from your wallet.
Inspect the Vehicle. Once you have received the invoice for the vehicle, you can request a test-drive. To ensure it is available in the best of conditions, you can have the vehicle physically inspected.
Pay. If you are satisfied with the Tesla you are interested in buying, you should proceed with the payment. Make the full payment in Bitcoin. For verification purposes, AutoCoinCars will have a final confirmation call with you. The processing of crypto-payment will be on AutoCoinCars. This way, they will take away all the risks associated with the payment for both the dealer and buyer.
Collect the Vehicle. Now that you have paid for your favourite Tesla model, it will be released by the dealer for you to collect.
They have partnered with more than 5,000 car dealerships allowing access to thousands of vehicles of all kinds. You can find a range of Tesla models on AutoCoinCar’s website that is being sold every day with bitcoin.
Let’s look at the names of the luxury car brands partnered with AutoCOinCars, like Mercedes, Audi, BMW, Maserati, Rolls Royce, Tesla, Bently, Lamborghini, Ferrari, Range Rover etc
Tesla cars are one of the fastest-selling vehicles that are being sold with bitcoin every day in the UK. There are approximately 2.3 crypto owners’ currency dwelling in the UK, which continues to increase daily. In the near future, 70% to 90% of people may shift to digital wallets.