Cryptocurrency
See how HOTELA integrates modern financial tools like cryptocurrency.
Frequently asked Questions
HOTELA does accept cryptocurrency as a form of payment for second home purchases. BitPay is used to handle these payments, and several different cryptocurrencies are accepted.
Once you are ready to make a payment, HOTELA will send you a BitPay invoice via email. Our trusted cryptocurrency payment facilitator, BitPay, will process the transaction. With BitPay, choose your preferred cryptocurrency and wallet. Simply enter the payment details manually or scan the QR code in your wallet. After completing the details, validate the transaction from your wallet. Once the payment is validated, you will instantly see the payment reflected on the invoice.
At this time, BitPay is the sole payment platform available for cryptocurrency transactions with HOTELA.
HOTELA allows buyers to carry out transactions using Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Dogecoin (DOGE), and Wrapped Bitcoin (WBTC), in addition to five USD-pegged stablecoins: GUSD, USDC, USDP, DAI, and BUSD. It's worth noting, however, that only ERC20 stablecoins on the ETH network are currently eligible for use.
HOTELA applies a 1% transaction fee, which is passed on to BitPay for their services when buyers make payments with cryptocurrency. HOTELA does not impose or retain any additional fees beyond this.
Absolutely! You have the option to split any non-financed component of your purchase between cash and cryptocurrency. Keep in mind, credit card and debit card transactions have a 3% fee we must charge to cover those costs.
Absolutely. Qualified buyers have the opportunity to finance up to 100% of their purchase amount while using cryptocurrency for the down payment.
Certainly, it's possible to pay the deposit using cryptocurrency. However, if you decide not to proceed with the purchase, the deposit funds will be refunded to you in the currency where the Hotela second home is located.
Yes, HOTELA allows you to pay maintenance fees with Crypto currency..
No. Any co-ownership sales facilitated by HOTELA will be settled in the currency where your second home is located, and not in cryptocurrency.
We strongly recommend that you seek guidance from a qualified tax advisor on any tax implications associated with second home, HOTELA Ownership, irrespective of the payment method used.
Yes, BitPay is a well-established and reputable payment platform in the cryptocurrency space. The company has invested significantly in building a secure and stable platform. You can find more information about BitPay and their platform's security measures at BitPay Support https://support.bitpay.com/hc/en-us
BitPay, the cryptocurrency payment services provider for HOTELA, offers a guide on how to secure your Bitcoin and other cryptocurrencies. You can access the guide at this link https://support.bitpay.com/hc/en-us/articles/360042265412-How-do-I-Secure-my-Bitcoin-
HOTELA aims to cater to the needs of a diverse range of buyers. As the world moves towards mass adoption of digital currencies, HOTELA recognizes the growing demand for this payment option and is committed to offering a full range of payment options to buyers worldwide. Additionally, it allows for faster and more efficient cross-border transactions, provides added security features, and opens up new opportunities for potential buyers who hold cryptocurrencies.
As digital currencies gain more traction within the real estate industry, there have been other real estate marketplaces that have accepted cryptocurrencies before HOTELA. However, we are one of the few marketplaces to accept a wide range of cryptocurrencies for real estate transactions.