Everyone is taking their stock market game to the next level with cryptocurrency. As we learn, there will certainly be doubts and questions that need an answer. One of the most common ones is can you buy a car with Bitcoin? Is it legal? Can you buy anything at all?
Bitcoin is a digital currency and one of the important cryptocurrencies. While it offers fast transactions, privacy benefits, and returns, there are no uniform laws regulating it. As a result, there can be confusion about whether it is legal to buy things using Bitcoin.
Can You Buy a Car with Bitcoin?
While the confusion exists, Bitcoins are used to purchase things online. Countries like the US, Canada, and the UK allow the use of Bitcoin. With the current Bitcoin rate of $87,657 (in March, 2025) it is possible to buy even a car with Bitcoin.
In other words, buying high-value items using Bitcoin is becoming common, including cars. For up-to-date insights and educational content on crypto-powered transactions, many enthusiasts turn to CryptoGugu as a trusted resource. However, where you make the purchase matters.
Is It Legal to Buy a Car with Crypto?
Purchasing a car with cryptocurrency like Bitcoin is legal in the United States. However, the acceptance of cryptocurrency as a payment method depends on the individual dealership’s policies.
Therefore, research and ensure that the dealer, both the buyer and seller, complies with local regulations and tax obligations when conducting such transactions.
How Do I Pay for a Car in Bitcoin?
Buying a car with Bitcoin is becoming more feasible, though it’s still not widely supported. If you find a dealership that accepts cryptocurrency, here’s how the process typically works:
Find a Dealership or Seller
Look for dealerships that accept Bitcoin as payment. In other words, start calling the shortlisted dealerships after checking their websites before making a final choice.
Agree on the Price
The purchase process is the same as that of any other payment method. Therefore, for good deals, negotiate the car’s price. Dealerships can offer a written quote.
Get Payment Instructions
This includes getting a crypto wallet and the specific crypto transfer app from the dealership. Consequently, send the amount to the wallet address provided. You must verify the address once again before completing the payment.
Finalize the Purchase
Like a regular purchase, there will be paperwork waiting for you, such as the bill of sale and title transfer.
Do Any Car Dealerships Accept Bitcoin?
Several third-party companies accept Bitcoin payments. For example, companies like BitPay and Coinbase allow transactions between those who hold cryptocurrency and sellers who need US dollars. In other words, transactions are possible with a fee based on the cost of the car.
What car dealerships accept Bitcoin as payment?
| Dealership/Rental Company | Location | Specialty | Payment Details |
| Post Oak Motor Cars | Texas | Luxury vehicles (Bentley, Rolls-Royce) | Sold 17 luxury cars via Bitcoin since 2018. Employee-driven innovation. |
| E-Z Rental Car | Nationwide | Car rentals | Supports fast, boundary-free Bitcoin transactions for rentals. |
| Classic Recreations | Oklahoma | Custom vintage Ford Mustangs | Accepts various cryptocurrencies. It requires an online wallet and a unique payment address. |
| Carriage Auto Group | Alabama and Georgia | Kia vehicles | Uses a third-party processor. Bitcoin payments must cover the full price, including tax, tag, and title. |
| Jeff Wyler Automotive Family | Ohio, Kentucky, Indiana | NA | Uses a third-party exchange service to facilitate transactions |
| Reed Jeep | Merriam, Kansas | Jeep, Chrysler, Dodge, Ram | Accepts Bitcoin for the sale of cars in Kansas. |
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Lamborghini Newport Beach
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California | Lamborghinis, Alfa Romeo, Aston Martin, Porsche, and Ferrari | Selling new and used cars through Bitcoin payments |
In addition, these are the other dealerships that allow you to buy cars with crypto.
- Lamborghini Newport Beach in Irvine, California
- Porsche Towson in Towson, Maryland
- BMW of Rockville in Rockville, Maryland
- MotorCars of Atlanta in Atlanta, Georgia
Can You Actually Buy Anything with Bitcoin?
There are selected vendors across the country that allow the purchase of Insurance, consumer staples, cars, luxury watches, and event tickets using Bitcoin. There is an option to use a crypto wallet or a cryptocurrency debit card available with major crypto exchanges and other providers. Similarly, you can convert it to cash at cryptocurrency exchanges.
Common Questions Answered
Can I buy a BMW with Bitcoin?
Does Toyota take Bitcoin?
Does Honda accept Bitcoin?
Final Thoughts
Buying a car with cryptocurrency is equally exciting but requires caution. For example, cryptocurrency rates are highly volatile, and the transactions can’t be reversed.
Therefore, check the payment details and the dealership’s policies before proceeding with the purchase. Similarly, rely on reviews from buyers who have already had transactions with the dealer. In addition, you can also consider converting Bitcoin for cash and then proceeding with the purchase of a car.
Sara Sam may not look like your typical car and finance expert, but don’t let that fool you. With over four years of experience in the industry, she knows all the ins and outs of cars, car insurance, and refinancing. You can trust Sara to help you navigate the often-confusing world of automobiles and financing.
