Car For Coin Accepts Cryptocurrency or USD for Teslas and Premium vehicles

Car For Coin, the new crypto and dollar-friendly online marketplace for exotic and exciting premium vehicles, is providing the opportunity to buy Teslas and Lamborghinis with Crypto.

"During an auction, bidders and sellers do not have 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."

He further detailed the process, "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. The optional escrow service removes most risks associated with buying an expensive car from a stranger and holds both parties accountable for a secure transaction."

CarForCoin strongly recommends first converting crypto currency to a stablecoin like 'Tether' (USDT) or USDC, which is 1:1 for USD. This conversion eliminates any crypto related volatility.

By Amy Liupay

Related Articles