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Can I Buy a Car With Cryptocurrency in 2025?


Cryptocurrency Quick Facts

  • Crypto is an alternative form of payment that can be used to purchase a car.
  • Not every car dealership accepts cryptocurrency as a form of payment.
  • Crypto values remain volatile, so it’s best to exercise caution if considering this currency.

Bitcoin took about 15 years to trade above $100,000 for the first time in December 2024. Whether you think cryptocurrency is just a long-lasting fad, a speculative bubble, or the future of finance, it’s a fascinating technology. Despite its history of price volatility, bitcoin’s record-level price and a new, crypto-friendly administration in the White House could help crypto’s march toward mainstream adoption. You probably made your last car purchase with boring old fiat dollars backed by the government, but maybe the next one will be with digital currency.

If you’re wondering if you can buy a car with cryptocurrency, you’re in the right place. Let’s take a look at how it works and whether it’s a good idea. As with all money matters, it’s best to consult your financial advisor before making any investments.

What Is Cryptocurrency?

Cryptocurrency is a decentralized digital asset and an alternative payment form created using encryption algorithms. Created in the wake of the 2008 financial crisis, Bitcoin is the original cryptocurrency protocol. It is still the biggest by market cap and has inspired thousands of “altcoins.” Popular alternatives are Ethereum, Litecoin, XRP, Solana, and more.

The purpose of some cryptocurrencies is to be a store of value like “digital gold.” Others intend to be a medium of exchange, like cash, for buying and selling goods and services. Another type of cryptocurrency is stablecoins. Stablecoins like USD Coin (USDC) and Tether are tied to government-issued currencies like the U.S. dollar and the euro. For example, one USDC is worth $1. Stablecoins serve as digital placeholders for real-world global currencies.

America’s largest cryptocurrency exchange by trading volume is a platform called Coinbase. You can buy, sell, and manage hundreds of different cryptocurrencies on Coinbase. Merchants can use it as a payment processor for crypto, similar to PayPal.

How to Buy a Car With Cryptocurrency

There are a few ways to buy a car with cryptocurrency. Some online car marketplaces, such as Car for Coin and BitCars, allow you to exchange crypto — primarily bitcoin — for a vehicle.

There is an easy way to use cryptocurrency as payment anywhere that accepts debit cards. Crypto debit cards like the BitPay Mastercard and Coinbase Visa card work just like regular debit cards, but they draw funds from your crypto wallet rather than a bank account.

Some of BitPay’s trusted partners include Exclusive Automotive Group in the Washington, D.C., area, O’Gara Coach in Southern California, and Infiniti of San Jose, California, but you can use a BitPay card anywhere Mastercard is accepted. You might be able to use a crypto debit card for a deposit, down payment, monthly payments, and insurance payments, but it’s more challenging finding a dealer that lets you buy a car outright with a crypto debit card.

BitPay supports many major cryptocurrencies, stablecoins, and even some meme coins like Dogecoin and Shiba Inu. A meme coin is a cryptocurrency with a humorous characteristic inspired by an Internet meme.

Other crypto debit card options include the Crypto.com Visa and CryptoWallet.com cards, which connect to your Apple Pay, Samsung Pay, or Google Pay (GPay) account.

MORE: Do I Need Car Insurance Before Buying a Vehicle?

A List of Cars You Can Buy With Crypto

Some car dealerships across the country accept cryptocurrency as payment, but no manufacturers accept crypto across their whole dealer network.

Here are a few dealerships that accept crypto via payment processors. Third-party companies, such as BitPay, Coinbase, and others, enable transactions between buyers holding cryptocurrency and sellers who want U.S. dollars. Processors typically charge a fee based on a percentage of the vehicle cost, which the dealership may pass along to the buyer.

  • Jeff Wyler Automotive Family with at least 23 dealerships in Ohio, Kentucky, and Indiana
  • Carriage Auto Group with dealerships in Georgia and Alabama
  • Bob Moore Auto Group in Oklahoma
  • Edmark Toyota in Nampa, Idaho
  • Lamborghini Newport Beach in Irvine, California
  • Reed Jeep Chrysler Dodge Ram in Merriam, Kansas
  • Porsche Towson in Towson, Maryland
  • BMW of Rockville in Rockville, Maryland
  • MotorCars of Atlanta in Atlanta, Georgia

Tesla CEO Elon Musk has gone back and forth on accepting cryptocurrency as payment at Tesla stores. As of this writing, Tesla stores only accept Dogecoin for some merchandise. However, if you’d like to buy a Tesla or another electric car with cryptocurrency, you might find some for sale on the crypto exchanges or at the car dealerships mentioned above.

RELATED: How to Avoid Dealer Markups in 2024: Buyer Beware

Should I Buy a Car With Crypto?

Anyone who’s spent time with digital currency knows that there is a great deal of risk involved with crypto. Cryptocurrency values are extremely volatile.

Since car values don’t fluctuate nearly as much as cryptocurrency values, stablecoins would be a good vehicle for paying for a car with digital currency. For example, putting USDC in a BitPay wallet and using that to make car payments is a safer way to pay for your car without worrying about the value of your crypto tanking.

If you’re a true believer in cryptocurrency, buying a car directly with a digital asset like bitcoin could be a great way to put this innovative technology to use. Also, telling your friends you bought your car with crypto might be fun.

Editor’s Note: This article has been updated since its initial publication.



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