Buying a new car is always a thrill, especially when it comes to luxury vehicles, roadsters, or classics. However, the excitement is often dampened by time-consuming formalities. For those who are both petrolheads and crypto enthusiasts, finding a dream car that can be purchased with cryptocurrency saves time and effort, particularly for cross-border payments. Now, Autocoincars.com, a platform working with leading supercar dealers, makes it possible with Bitcoin Cash (BCH).
How Easy Is It to Buy a Supercar with BCH?
Autocoincars.com offers a rich selection of high-end models, from comfortable SUVs to fancy sports cars and collectible classics with detailed service history. All vehicles can be bought with BCH. The company collaborates with Bitcoin.com to expand the use of peer-to-peer electronic cash. The automobiles are sold by established U.K. dealers and can be delivered to buyers worldwide. One of the main partners, Redlinespecialistcars.co.uk, is the largest independent supercar dealer in Britain.
David White, COO of Auto Coin Cars, shared some impressive sales stories: "We transacted a Lamborghini from the U.K. to Germany last month, a $300k car. One younger crypto user bought his mother a $70,000 Range Rover for her birthday surprise – all in crypto. And last week we had an enquiry from Sydney, Australia for a £2 million Aston Martin. Exciting times."
How the Platform Works
The platform focuses on Bitcoin Cash, allowing customers to purchase Ferraris, Lamborghinis, Aston Martins, and many more quality brands. All ads show prices in fiat currencies like USD, GBP, EUR, and AED, but the pricelist starts with a BCH quote. Customers can also pay with the platform's native token, autocoin. Traditional portals like Autotrader rarely feature dealers accepting crypto, so Autocoincars ranks #1 on Google for "buy car with bitcoin." The process is straightforward: users select a car, contact the dealer, agree on a deal, and pay via the platform's regulated exchange. The dealer receives fiat before the car is delivered.
Auto Coin Cars notes that the U.K. alone has over 3 million cryptocurrency wallets, indicating huge growth potential. A Technavio study projects the global luxury vehicle market will grow at a CAGR of over 12% (approx. 8,000 units) within five years. Accepting crypto payments opens a new business area for dealers. Millions of people worldwide own cryptocurrency and would readily use their coins to purchase a car, thanks to the speed and security of crypto transactions. Dealers can also accept crypto and instantly convert it to fiat if desired.
Advantages of Crypto Payments
Bitcoin Cash offers immediate, secure transactions at very low costs (often less than a cent), with no chargebacks or card fraud. Funds are available almost instantly. Auto Coin Cars' clients, typically high-net-worth individuals, benefit from privacy and an instant crypto-fiat exchange that eliminates price fluctuations. Some sports and performance vehicles are offered exclusively to crypto users in closed auctions, featuring the highest quality models with full service history and immaculate condition. The first such auction was scheduled for late 2019.
Market Competition and Future Outlook
The niche has few competitors. Bitcars.eu sells supercars and classics for crypto, accepting BCH, BTC, XMR, ETH, LTC, DOGE, and DCR. Buysellcarwithbitcoin.com allows users to post or find vehicles for sale with bitcoin. Dealers like Post Oak Motor Cars (Bentley, Bugatti, Rolls-Royce) in Houston and Jem Motor Corp in Hollywood also accept crypto. Cockpitdekor.com, a U.K.-based interior customization firm, accepts BCH for trim parts sold globally. In Venezuela, where crypto adoption is rising due to hyperinflation, auto insurance can now be purchased with BCH. The trend of using decentralized digital currencies for car purchases is poised to expand further.