Car For Coin has started selling Tesla cars in exchange for bitcoins

Customers will be able to pay for the purchase in both cryptocurrency and fiat currency

11.10.2021 - 14:45

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What's new? Car For Coin, a crypto and dollar online marketplace for premium and luxury cars, provides an opportunity to buy Tesla and Lamborghini with cryptocurrency. Customers can choose whether to pay dollars or cryptocurrency, as stated in the Car for Coin press release.

Car For Cain Press Release

What does the CEO say? Car For Coin founder Tom Hegedosh said:

“During an auction, bidders and sellers do not have to worry about the volatile values of crypto," explained Car For Coin Founder Tom Hegedosh. "All bids and auction prices are listed in USD because of the familiarity of the fiat currency's value. Buyers can choose to pay for Teslas and other vehicles with crypto or traditional currency after they win the auction.”

The head of the company added:

“If the seller does not accept crypto, we'll convert it; that's not a problem. We have a secure title and payment escrow service that includes a free conversion from crypto to US dollars.”

What advice does the company give? Justice Conder, the crypto expert on staff, does not recommend paying for your Lamborghini directly in Bitcoin or Ethereum. To avoid the volatility of cryptocurrencies, it is recommended to place funds in USDT or USDC stablecoins.

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