Buying a home usually entails making multiple wire transfers between bank accounts. Each wire usually ranges between $25-$50, plus servicing, and you end up paying somewhere between $100-$200 for a transaction. This can go 2x or 3x if done internationally. The Bitcoin network fee for a transaction of any size is $0.71 (as of Q2-2019).

Wire transfers in the US take usually a few hours if done in the morning hours, or up to 24 hours if done in the afternoon. International wires can take 2-3 days. And these are only confirmation times. Settlement times take days in all cases. Contrast that with the worst case scenarios of BTC, which takes seconds for a confirmation, and up to 20 minutes for settlement… and is open 24/7.

Wires and transfers need Fedwire, or CHIPS, or SWIFT, each of which has different formats and paperwork requirements. Sending BTC from A to B takes a single address every time.

Depending on the origin and destination of funds, there are a plethora of arguments and issues to be considered with fiat currencies (USD, EUR, etc.). For all cryptocurrencies, the world is its backyard, there are no borders, no administrations, no justification.

With Realdax, we can help you settle your BTC, LTC, ETH, XMR and XRP directly into your new real estate acquisition.