Investing in Real Estate with Cryptocurrency: A Guide

Cryptocurrency offers the potential for substantial earnings, but its volatile nature prompts investors to diversify into more stable assets like real estate. Let's explore how to navigate this process.

Cryptocurrency Regulation in Thailand

While the legal framework for cryptocurrency transactions is still evolving in many countries, Thailand officially allows cryptocurrency operations under the Digital Asset Act, enacted in 2018. Currently, there are five licensed cryptocurrency exchanges in Thailand: Bitkub, Zipmex, UpBit, Satang Corp, and Z.Com EX. Investors are required to report and pay individual income tax on profits generated from trading digital assets.

Purchasing Real Estate with Cryptocurrency in Thailand

Directly buying real estate with cryptocurrency isn't feasible anywhere globally, as property transactions are officially registered by government authorities in fiat currency, which is the legal tender backed by the government.

How to Purchase Property in Thailand Using Cryptocurrency:

Choose Property:

Select the property you wish to purchase.

Reserve Agreement:

Sign a reservation agreement and transfer the required deposit to our or the developer's wallet, with prior notice of the transfer.

Rate Fixation:

Fix the exchange rate.

Transfer Funds:

Transfer the funds to the developer's account.

Documentation:

Receive a cash cheque and finalize the sales and purchase agreement.

Subsequent Payments:

Make subsequent payments using the same process.

Transactions in stablecoins like USDT or USDC are common, ensuring stability amid cryptocurrency price fluctuations.

Freehold and Leasehold Ownership in Thailand

Thailand recognizes two forms of property ownership: Freehold and Leasehold.

Freehold:

Represents full ownership.

Involves a simple process.

Leasehold:

Considered a form of temporary ownership, akin to a lease.

Despite its temporary nature, it doesn't require confirmation of payment purposes, simplifying the acquisition process.

Cryptocurrency transactions are secure, legal, and often faster than traditional methods. Thailand's lack of stringent fund source verification adds to the appeal, allowing investors to legitimize their investments.

Amidst challenges with traditional banks—such as difficulties in international transfers, increased documentation requirements, and rising transfer fees—cryptocurrency transactions become an attractive alternative.

Any remaining questions?

Feel free to reach out to us through email or phone on our social media channels, and we'll gladly provide free consultations on all matters ⬇️

✔️ Email: hello@apart-homes.com

✔️ Contact Phone: +66 83 503 2555

✔️ WhatsApp: +66 83 503 2555

✔️ Telegram: +66 83 503 2555