In which countries can you buy an apartment with cryptocurrency?
Cryptocurrencies are becoming an increasingly popular payment method, including for real estate transactions. Some countries already officially allow property purchases with Bitcoin (BTC), Ethereum (ETH), USDT and other digital assets, while in others it's only possible through indirect schemes.
In this article we'll examine:
- Countries where you can legally buy property with cryptocurrency
- Transaction conditions and potential pitfalls
- Alternative options when direct payment isn't available
1. Countries where you can officially buy real estate with cryptocurrency
UAE (Dubai) Legal since 2022
Dubai is one of the most crypto-friendly cities in the world.
Direct real estate transactions through licensed agencies are permitted.
Some developers (e.g., Damac Properties) accept BTC and ETH.
Taxes: 0% on cryptocurrency income (for residents).
Portugal Legal but with limitations
Cryptocurrency isn't prohibited for transactions but sellers often prefer fiat.
There are agencies that convert crypto to euros during purchase.
Taxes: Up to 28% on cryptocurrency profit (for non-residents).
USA (select states)
Florida, Texas, California - crypto real estate transactions are possible.
Some realtors and developers accept BTC (e.g., in Miami).
Taxes: IRS treats cryptocurrency as property - capital gains tax applies.
Thailand Legal through special arrangements
Direct crypto payment is possible but rare.
More commonly done through crypto exchange conversion.
Taxes: 15% on cryptocurrency profits.
Switzerland Legal but uncommon
Banks and real estate agencies may accept BTC.
Easier to find willing sellers in Zug ("Crypto Valley").
Taxes: Varies by canton, some have 0%.
Argentina Unofficial but practical
Due to hyperinflation, local sellers readily accept USDT and BTC.
Officially transactions are in pesos but crypto can be negotiated.
Taxes: 15% on cryptocurrency income.
2. Countries where crypto real estate purchases require workarounds
Turkey Officially transactions must be in lira, but you can:
Convert crypto through exchanges.
Use crypto debit cards (Binance Card).
Find developers willing to accept USDT.
Spain
No direct ban but banks require fiat.
Possible through escrow services with conversion.
Mexico
Some luxury developers accept BTC.
Main challenge is tax reporting.
3. What risks exist when buying property with cryptocurrency?
Price volatility - long transactions may lose value from rate changes.
Legal nuances - not all countries recognize crypto as payment.
Taxes - some countries impose high taxes on crypto profits.
Where is it easiest to buy property with cryptocurrency?
| Country | Legality | Popularity | Taxes |
|---|---|---|---|
| UAE | Yes | 0% | |
| Portugal | Yes (with caveats) | Up to 28% | |
| USA | In some states | State-dependent | |
| Turkey | No (but workarounds exist) | Up to 40% | |
| Thailand | Yes (rare) | 15% |
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