Discover all you need to know about buying, selling and chartering a yacht with Bitcoin through BitPay

Crypto is fast becoming a viable payment option for many. From real estate to luxury holidays, a multitude of purchases are possible with popular cryptocurrencies such as Bitcoin.

YACHTZOO is the latest yacht brokerage to recognise the value of offering less traditional payment options for our clients and have chosen to partner with BitPay, the world’s largest crypto and Bitcoin services provider. YACHTZOO’s partnership with BitPay promises clients reduced fees, as well as increased payment transparency and efficiency.

Here, YACHTZOO has created a complete guide to chartering, selling or buying a yacht with Bitcoin using Bitpay. 

If you are looking to sell, buy or charter a yacht with Bitcoin, contact one of our knowledgeable brokers today.

A guide to selling, chartering, or buying a yacht with Bitcoin through BitPay

What is BitPay?

BitPay was created to revolutionise the financial industry, creating a faster, more secure, open-sourced wallet for sending, receiving and storing bitcoin. It is now the largest bitcoin and cryptocurrency payment services provider, offering seamless transactions across six different continents.

How does BitPay work?

BitPay offers a complete digital asset management solution that includes the BitPay Wallet and BitPay Prepaid Card, allowing users to transform their digital assets into one of eight major currencies. This will enable customers to sell, buy or charter yachts with Bitcoin and other cryptocurrencies at a locked-in exchange rate during their checkout process, which will then be converted into fiat currency whilst protecting the user from volatility risks.

What coins does BitPay support?

BitPay supports leading cryptocurrencies including Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum (ETH) and Litecoin (LTC), to name just a few. The platform also supports more than 90 different crypto wallets and exchanges, including BitPay, Coinbase, Exodus Wallet, Ledger Wallet, Trust Wallet, Electrum Wallet, Blockchain Wallet and more.

What is a BitPay wallet?

BitPay offers its own wallet with which users can manage their bitcoin finances in one secure and open-source place. A BitPay wallet is a much safer means for storing assets as it reduces the risk of hacking and provides users with complete control of their finances. The BitPay wallet also enables users to buy and sell Bitcoin directly from within the wallet.

What are the benefits of BitPay?

YACHTZOO’s partnership with BitPay offers a host of benefits when it comes to selling, buying or chartering yachts with cryptocurrencies like Bitcoin. Firstly, unlike the high cost of credit cards that charge a 3% transaction fee, Bitpay allows businesses to receive direct bank deposits in any currency for a flat rate of 1%.

When our clients sell, buy or charter yachts with crypto through BitPay, they can be confident that their transactions are not only fast but are also safe from identity theft and chargeback fraud. Users are also not required to submit any sensitive information on the platform.

Short settlement times are another benefit of BitPay, often taking just seconds, whilst wire transfers can take up to five business days.

Finally, BitPay offers a more private transaction with the blockchain’s public ledger only recording a wallet’s address.

Can I buy, sell or charter a yacht with BitCoin?

YACHTZOO offers to all yacht Owners, yacht buyers and yacht charterers alike, the possibility to do their transactions with cryptocurrencies like Bitcoin through BitPay. Our luxury yachts for sale and for charter are some of the finest on the market, offering first-class amenities, sublime interiors and ultimate freedom to explore the most sought-after destinations worldwide.

With BitPay, our clients also benefit from the absence of transaction costs, reduced payment fees and borderless crypto payments. BitPay is available on any device, ensuring flexible payment options at any given time.

Can I list a yacht for sale or for charter using BitPay?

As part of our partnership with BitPay, YACHTZOO offers the opportunity to list your yacht for sale or charter and receive payment through BitPay. The crypto service gives yacht Owners the option not only to accept payment in one of eight currencies or bitcoin, but users can even choose a variety of those options. Once a transaction has been accepted, the payment cannot be changed once reported in the system. This process creates a highly efficient service and a smoother experience for our clients looking to list their yacht with YACHTZOO.