Do you know that buying a property with digital currencies is also done in Turkey?

It is possible to Buying property with digital currencies in Turkey in 2023. But the Turkish government banned buying and selling digital currencies a few months ago. Transferring money from other countries has been one of the constant problems due to sanctions. We do this in the Negin Group office and only for our customers. Customers who intend to buy a house in Turkey or obtain citizenship in this country.

Also, after opening an account for you, if you have digital currencies, we will transfer them to your account. In this way, we buy them from you and transfer the currency equivalent to your account. We also provide you with the possibility of receiving cash.

By buying a property in Turkey, in addition to investing in this country, you can also obtain citizenship of this country.

In this article, we are with you on the topic of buying the property with digital currencies in Turkey:

Buying property with digital currencies in Turkey may seem a bit difficult, but using this method for investment is fast and very safe.

Therefore, buying a property with digital currencies in Turkey is a great development in buying and selling property. Unfortunately, a few days ago, the Turkish government banned buying and selling these currencies. But this does not mean that Turkey has banned digital currencies altogether. Many authorized exchanges are working in Turkey and you can transfer your currency through them after opening an account in Turkey.

In the continuation of this article, I will tell you a little about digital currencies:

Earning ideal income and abundant profit are two important factors that have made many people interested in earning money through digital currency investment. To make money with digital currency, you need to have a proper understanding of this fledgling economy and know what to learn and how to manage them. To make money with digital currency, the most important thing is to always adhere to the important principles of keeping and exchanging, saving and selling.

Bitcoin digital currency was introduced in early 2009 by an unknown programmer with the pseudonym Satoshi Nakamoto. Satoshi described Bitcoin as a “peer-to-peer” electronic cash system. The service works completely decentralized, which means that no central authority or server controls it.

Digital currencies are currencies with an encrypted protocol and the purpose of their production is to prevent forgery and fraud. They are based on a network called blockchain and today it has attracted the attention of many people.

Digital currencies enable the transfer of value online without the need for an intermediary such as a bank or payment processor, allowing you to transfer value globally, at high speed, around the clock, and at low cost.

Digital currencies are usually not issued or controlled by any government or other central authority. They are managed by peer-to-peer networks of computers using free and open-source software. In general, anyone who wants can be in the network.

In general, with the advancement of technology, these cryptocurrencies were created to make people’s assets more secure. Also, governments should interfere less with people’s capital. Digital currencies such as Bitcoin are definitely the most advanced type of money created to date.

Advantages of digital currencies:

• Low fees
• poverty alleviation
• Quick and permanent deals and transactions
• Privacy
• Absence of a third party
• Internet purchases
• No need for commissions and fees to banks and other organizations.

 

Disadvantages of digital currencies:

• swing
• Absence of rigid rules
• If you forget your wallet password, it is impossible to recover it and you have practically lost your money
• Unproven digital currencies as a long-term investment

 

Introducing the most famous digital currencies:

Digital currencies are very diverse and each one has different uses and prices. In general, after the Bitcoin digital currency, many cryptocurrencies entered this arena, some of which were able to gain a good position, while others disappeared.

Some of the most important digital currencies are:

• Bitcoin: Bitcoin is one of the most famous and oldest types of digital currency that has been in the spotlight since the beginning, and more than ten years have passed since the invention of this digital currency, but despite this, Bitcoins have taken the first place. Have had.
• Ethereum: Ether (ETH) is currently the second most valuable cryptocurrency on the market, and some expect it to one day overtake Bitcoin (BTC), the world’s most popular cryptocurrency.
• Litecoin: a lighter version of Bitcoin.
• Tether: (Tether) with the abbreviation USDT is a digital currency that protects you from extreme marketfluctuations with its fixed price and with which you can digitally transfer dollars.
• Cardano: which is very similar to Ethereum, is a type of network used to store values or transfer digital currencies.

The advantages of buying Bitcoin digital currency property in Turkey:

• Direct exchange without intermediaries
• Bitcoin transactions take place directly between the receiver and the sender
• There is no mention of a third party or middleman; therefore, no fees are paid to middlemen.
• International transactions
• Bitcoin is the most convenient way to make international transactions, especially if the transaction amount is high because there are no additional fees for paying different amounts to the recipient.
• With Bitcoin, it is possible to transfer more than one million dollars of money with a reasonable fee.
• Bitcoin cannot be blocked.
• No entity or government has the ability to stop Bitcoin from working (by itself).
• Bitcoin is impervious to politics.
• Governments and government officials also cannot seize or freeze assets in the form of Bitcoin.

 

All these cases indicate the removal of common physical money and of course middlemen and brokers from the process of real estate transactions.

 

The main differences between digital currencies and normal money:

• Confidentiality of people’s identity
• High speed in making transactions without restrictions
• High security and impenetrability of cryptocurrencies
• irrevocable

 

Buying a house in Turkey with Bitcoin:

Transactions with Bitcoin and other cryptocurrencies have increased in popularity among Turkish citizens over the past few years. There are many reasons for this, the most important of which is the inflation of the lira and the availability of Bitcoin exchange in Turkey.

Fluctuations in Turkish currency have caused investment in this country to be associated with risks for some foreign investors. This issue has provided a platform for conducting transactions with digital currencies.

 

Advantages and disadvantages of Buying property with digital currencies in Turkey:

Advantages of buying a house with digital currency in Turkey

• It is possible to exchange and trade high amounts without intermediaries.
• Ease of money transfer between the buyer and the seller of the property.
• Compared to regular currencies, the transfer of digital currencies is more secure.
• In the shortest possible time, you can make international transactions with a value of more than 1 million dollars.
• The cost of transferring digital currencies is much lower than the cost of remittance or the fee of preparation of fiat currencies (dollars, lira, rials, euros, etc.).
• You can transfer currency without going to a bank or exchange at any hour of the day or night.
• Organizations and governments cannot block transactions through digital currencies.

Disadvantages of  Buying property with digital currencies in Turkey

• In some cases, the home seller does not want to deal with digital currencies.
• To buy a house with regular currencies, you need to convert Bitcoin to Lira at a Bitcoin exchange in Turkey.
• In some cases, it will be very difficult to track the transferred funds due to the lack of financial transactions between the bank and the Bitcoin exchange in Turkey.
• During the process of buying a house in Turkey with Bitcoin, the value of the digital currency may decrease.

 

What are the procedures for Buying property with digital currencies in Turkey?

• To buy a house in Turkey with digital currency, you must do the following steps:
• Choose the house or property you want through Negin Group.
• Check all the legal matters and make sure there is no debt or any legal prohibition.
• Negotiate with the owner whether he is willing to receive a down payment or the entire cost of the house in digital currency or not.
• Once the owner has agreed, you can open a secure e-wallet in Turkey and transfer your digital currencies to it.
• If the owner did not agree, you should proceed to convert Bitcoin to the Turkish lira. In this situation, you should go to the Bitcoin exchange in Turkey and convert your digital currency to Turkish lira according to its daily price.
• Pay property taxes and fees. In some cases, it is possible to pay this fee with digital currency.
• After the transaction, the title deed will be transferred to you.

 

Contact us for more information about buying a property with digital currencies in Turkey.

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