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  • YACHTZOO Partners with BitPay

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. 

buy yacht with bitcoin

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.

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How to buy a yacht (boat) with Bitcoin in 2023

buy yacht with btc

Interested to buy a yacht with Bitcoin? A lot of famous people do this, so why can’t you? It is absolutely possible to do so. In this article, we will take a look at the ups and downs of this process and explain how exactly these transactions take place. 

Buy a yacht with Bitcoin: Pros & cons

The advantages include:

  • Speed. Crypto transactions are instant, so you don’t need to wait days for your bank to process the payment. 
  • Safety. Fraud is next to impossible with crypto. 
  • Anonymity. If it’s something you need.
  • No need to withdraw crypto if you already have some. 

The disadvantages? Well, just a few:

  • If you are an entrepreneur it’s impossible to claim this purchase as a business expense as crypto transactions aren’t taken into consideration by the tax office
  • It’s not that easy to find vendors that accept crypto, but we will help you with this in our article. 

How to buy a yacht with Bitcoin

As we just said, the main challenge is to find a seller who is happy to take your Bitcoins instead of dollars or euros. Here BitcoinWide can help you a lot, as on our website we gather all businesses that accept crypto payments. And you can search for a needed business in 4 ways: 

  • Usual search bar
  • Search on the map
  • Search by category
  • Search by cryptocurrency

After you found a seller you like, follow the link to their website. Payment can be done as a direct transaction to a seller’s wallet or in another way that a seller prefers. 

A list of businesses where you can buy a yacht with Bitcoin

Here are sellers that definitely take Bitcoin as a payment method:

  • Ocean Independence
  • Sunshine Cruising Yachts
  • Camper & Nicholsons
  • SuperYachtsMonaco
  • Denison Yachting
  • TheYachtBreak
  • Oxyzen Yachting
  • 26NorthYachts

If you want to buy a boat with Bitcoin it is easy to do so as many merchants are willing to accept crypto these days. Hopefully, our website and this article in particular helped you to make the right choice. 

FAQ: How to buy a yacht with BTC

Yes, you can. There are numerous businesses that accept BTC nowadays, and yacht merchants are on this list as well. Check out our list of businesses that would happily accept your Bitcoin as a form of payment. 

Yes, it is possible. Boats can be sold for BTC (Bitcoin) , ETH (Ethereum) , USDT (Tether) , and other popular crypto coins. To find merchants who accept crypto as a form of payment, visit BitcoinWide as we have the biggest choice of sellers who take crypto. 

Denison Yachting , SuperYachtsMonaco , Camper & Nicholsons , and Sunshine Cruising Yachts accept crypto for all kinds of boats. You have a wide range of options, including superyachts, motor yachts, catamarans, trawlers, sailboats, and everything in between.

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How To Buy A Yacht With Bitcoin

tritonyacht

Presented by Denison Yacht Sales – All anyone talks about these days is Bitcoin. Or so, it seems. Bitcoin is hot right now, and we recognize the need for clients to purchase yachts using cryptocurrencies. Denison’s response? We made our worldwide yacht database searchable using Bitcoin value. Yup, we’re staying  ahead of the curve . Along with Tesla’s recent adoption.

Buy With Bitcoin Yachts

Bitcoin is a form of digital, unregulated currency traded anonymously, without banks or middlemen. Payments are made through a digital wallet on a computer or smartphone. Cryptocurrency can be purchased from Bitcoin exchanges or obtained from other Bitcoin users. You can spend bitcoin like any other money via a mouse click or a cellphone app.  Bitcoins  flow from your digital wallet into the account of a retailer, just as dollars might flow digitally from your bank account into a store without you ever holding the printed $100 bill in your hand.

Denison has been accepting Bitcoin  since 2014  and was the first company in the yachting industry to do so. Since then, we sold five yachts using cryptocurrency. And in  June 2018 , Denison’s first charter was booked using Bitcoin as payment. The ability to safely accept various currencies, including a digital currency like Bitcoin, and distribute these funds in U.S. dollars is a valuable service to Denison’s clients.

BitcoinValueSuperyachts 3

Bitcoin passed $20,000 for the first time in December, and it has tripled in value in three months. So while Tesla and BNY Mellon and Mastercard are only recently jumping on the cryptocurrency bandwagon, we’re going a step further by making our yacht database searchable and payable using Bitcoin. The Bitcoin price changes every hour according to its real-time value. Contact a Denison  yacht broker  to buy your next yacht using cryptocurrency.

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How to Charter a Yacht with Crypto

buy yacht with bitcoin

Denison was the first yacht brokerage firm to accept bitcoin as a form of payment and the first company with the ability to accept cryptocurrency payments without a limit.   Back in 2014, there became a need to pay for luxury goods using various cryptocurrencies. Fintech companies such as BitPay and Coinbase offered an easy way to make payments faster and more secure for individuals and businesses. And as a leader in the yachting industry, Denison announced the first yacht sale using cryptocurrency in 2016. Then in June 2018, Denison’s first Bitcoin-booked charter was made. This paved the way for making yachting more accessible. Fast forward seven years and Denison has completed more than five bitcoin transactions for yacht sales and yacht charter. Buying a yacht or chartering a yacht using cryptocurrency as payment makes sense because of low transactions fees, fast transfer, and privacy. The ability to safely accept various currencies, including cryptocurrency, and distribute these funds in U.S. dollars is a valuable service to Denison’s clients.

“We need to be present and available to all potential clients in all marketplaces, and if a client wants to pay with Bitcoin, we are positioned to handle the transaction,” said Bob Denison. By now, more companies have integrated technology, such as BitPay, to allow customers to pay for luxury goods or experiences. It’s not uncommon. But for those who are new to this, there might be a question of how? How do you charter a yacht using cryptocurrency? What’s the process?

Step One: Contact your charter broker

First thing’s first — if you’re excited about booking a luxury yacht charter in Europe or the Caribbean, contact your charter broker. Denison has an awesome charter team who’s excited to help guests book the best luxury experiences. Lewis Mabey and Eva Hiebert are two brokers who can get you started with charters around Europe, the Caribbean, and much more.  When you contact your charter broker, let them know that you want to pay for the experience using cryptocurrency. Denison accepts all cryptocurrencies (Bitcoin, Ether, Dogecoin, etc.) without a limit. 

Denison Crypto 1200x630

Step 2: Make a payment

After your charter broker helps you find the best yacht and destination for your experience, they’ll send you an invoice to make a payment. Denison uses BitPay to facilitate all crypto transactions.  BitPay is a safe and easy-to-use platform for crypto transactions. Your charter broker will send you an invoice, and you can choose to make a payment using one of your wallets. Your invoice will be sent at a locked-in exchange rate, and there will be a 1% transaction fee added to the invoice. After payment, BitPay converts the crypto for Denison and voila. You’re all set.

Step 3: Enjoy your yacht charter experience

Let the fun begin. After you pay for the yacht charter using crypto, it’s time to start packing. Before boarding, you’ll fill out a preference sheet that covers dietary restrictions, your favorite foods, beverage options, and special requests. The more precise you are, the easier it is for the crew to prepare for your charter. We also recommend letting the captain know which activities you want to do in advance to create an exciting itinerary.    Chartering a yacht in Europe may include island-hopping in Ionia, visiting a beach in Sardinia, or splashing into the cool waters off the coast of Ibiza. Your charter broker will work with you to create an itinerary, set a menu, and supply the yacht with must-haves.    If you’re chartering a yacht in the Caribbean, check out the top things to do during a BVI or Bahamas yacht charter. Swimming with pigs, snorkeling at shipwrecks, and drinking something called a Painkiller are what most days will look like in the Caribbean.   Don’t forget to tip your crew with cash, not in crypto.

Is it safe to pay with cryptocurrency?

One hundred percent. Many clients prefer the ease of use and privacy that paying with Bitcoin, or any other cryptocurrency, provides. The blockchain network makes payments untraceable, which is an advantage to those who want to keep their travel expenditures private.  On top of that, the 1% fee is minimal compared to wire transfers or credit card processing fees. Transfers can take as little as a few seconds to a couple of minutes to complete. No need to wait for bank approvals.

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236-Foot Superyacht Can Be Bought with Bitcoin

  • By Kim Kavin
  • January 20, 2022

CRN Azteca Superyacht

It has been just 12 years since Bitcoin was launched in 2009. The yachting industry started hearing serious buzz about the cryptocurrency in 2014, when Denison Yachting began accepting it. By 2018, Denison had closed two brokerage deals and a charter booking on a 120- to 130-foot motoryacht, all paid for in bitcoins, but overall, the industry’s adoption of bitcoin has remained slow, especially at superyacht levels.

Until now. In September, Camper & Nicholsons Interna tional announced that the owner of the 236-foot CRN Azteca is willing to accept bitcoin for the yacht, at an asking price of about $75 million. It’s believed that the 2010 build is the largest-ever yacht available for purchase with bitcoin.

CRN Azteca Superyacht

“The owner of Azteca owns a bank and is a very big bitcoin dealer,” says Camper & Nicholsons International sales broker Fernando Nicholson. “I approached the idea with another client, and he asked me if I was drinking some kind of weird alcohol. But with the owner of Azteca , I think he is trying to attract the attention of the new, rich, young guys. The IT industry understands bitcoin, and those guys might make an offer if you talk in their language.”

Azteca’s owner already has a team of bitcoin-savvy attorneys, and they’re advising Nicholson, who says accepting bitcoin is the owner’s prerogative.

“We have a boat to sell, and the client can accept any kind of thing,” Nicholson says. “He can accept 10,000 pigs or a painting.”

CRN Azteca Superyacht

The bitcoin option just might work. At the Monaco Yacht Show in September, Nicholson says, an American flew over specifically to see Azteca . “He was talking about bitcoin—he was talking about it a lot,” Nicholson says. “I think he’s in his 40s. It might happen, it might not, but I don’t believe it’s a fantasy.”  

Azteca : A Big-Deal Yacht

Azteca is a high-volume yacht, with a beam just over 44 feet and gross tonnage of 2,043. When it launched in 2010, it was the largest vessel that Italy’s CRN shipyard had ever constructed. The sun deck spans more than 3,500 square feet, and the beach club is nearly 1,200 square feet with an outdoor bar. Accommodations are for as many as 20 guests, with quarters for 25 crewmembers. 

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How Do I Buy a Boat With Cryptocurrency?

buy yacht with bitcoin

As technology advances, new ways of paying for luxury items like yachts continue to be created. While traditional methods are still ubiquitous, cryptocurrency is emerging as a reliable way to purchase these assets. Many people have started to see the potential of a blockchain system to speed up the entire sales process and brokers, sellers, and buyers alike have started to use it for any of their transactions.

If you’re one of these cryptocurrency investors, The Advantaged has a guide to help you understand what the process of using Bitcoin or altcoin to make purchases entails. Keep reading to learn how yacht sales with cryptocurrency work.

What is Cryptocurrency?

Before everything else, let’s first break down cryptocurrency. It’s a digital currency distinct from fiat money (traditional money). Instead of a central authority like a government controlling it, cryptocurrency is maintained, verified, and recorded by a decentralized network of computers called a blockchain.

Thanks to this, bitcoin users can exchange or accept cryptocurrency anywhere in the world through a digital wallet. In addition, everything is recorded in the blockchain, so there’s virtually no possibility of fraud.

Popular Currencies

Today, the most popular cryptocurrency is Bitcoin, which was the first cryptocurrency company. In recent years, many investors and enthusiasts have joined the Bitcoin bandwagon. Although its value has been dropping, ups and downs can be expected thanks to the volatile nature of crypto. There are currencies that are more stable, albeit less powerful than Bitcoin, known as altcoin. These include Ethereum, Tether, and the infamous Dogecoin.

Cryptocurrency’s New Role in Luxury Goods

Industries involving luxury goods and assets have always been forward-thinking, so it comes as no surprise that they’re among the first to adopt cryptocurrency. What can you purchase with crypto? Art, designer fashion, jewelry, cars, trips, and even real estate property are just some of the items that you can currently buy with Bitcoin and other crypto. And now, boats are included in the list.

Why a Luxury Yacht Investment is a Great Way to Capitalize on Your Crypto Gains

Why buy a luxury boat with your crypto gains? Like many other luxury items, a yacht is a great investment. It works much like a real estate property or a car, giving you the kind of experience and adventures that you and your family will remember. Exploring new horizons will create a positive effect on your lifestyle, not to mention the immense freedom it gives you.

When you buy a boat with Bitcoin or other cryptocurrencies, you can expect fast transactions, fewer fees, and the ability to buy from anywhere in the world. That’s the wonder of digital money.

How the Process Works: Buying Your Crypto Yacht

You’re now ready to make your crypto yacht transaction.

The 1st Stage – Dealing With a Cryptocurrency Broker

Transforming crypto into fiat currency.

Transferring crypto from one wallet to another wallet is different from transforming it into fiat currency. The latter will take a bit more effort and it’s very similar to exchanging two kinds of currencies at the airport.

First, you’ll want the services of a third-party broker. Through them, you can deposit your cryptocurrency and wait for a few days so they can convert it. Once it’s done, the broker will deposit the converted amount to your chosen bank account. You’ll have to pay transaction fees and taxes for this transfer, values that increase the more tokens you exchange.

The Know-Your-Customer Process

This step is often shortened as KYC and it’s the stage when banks and brokers verify the identity of their client or merchant. In cryptocurrency, it’s how each end-user can confirm the other party’s personal information. Before you can proceed with the conversion, you’ll want to familiarize yourself with the steps needed for this process.

What Companies ARE Accepting Bitcoin transactions?

Currently, several yacht manufacturers accept bitcoin as payment for a transaction. Denison Yachting is the biggest one today and the first to adopt this system. They have a wide selection of superyachts, catamarans, boats, cruisers, and many other watercraft that you can buy with Bitcoin. There are others like them, but you’ll want to make sure that they do accept Bitcoin before you commit. In this case, you’ll want the help of yacht brokers from The Advantaged.

The 2nd Stage – Working With a Yacht Broker and Law Firm

The yacht purchase process.

Here are the steps you’ll need to take in every standard yacht sale:

  • Sailing Yacht
  • Making an Offer: You’ll need to make a formal offer to the owner. It’s the broker who’ll present an industry-standard contract to the seller. You’ll typically pay an initial 10% of the offer into escrow, so make sure you’ve made a withdrawal from your digital wallet by this time.
  • Accepting the Offer: The seller will either accept, reject, or counter your initial offer. Don’t expect it to be closed immediately. This is where negotiation is essential and a broker can help make sure you get a fair price.
  • Getting a Survey: This step involves checking all the electrical, mechanical, and other systems of the water vessel. During this stage, you’ll get a better understanding of the yacht’s current state and the maintenance costs you can expect in the future.
  • Conducting a Sea Trial: The sea trial is exactly as it sounds: the step where you take the yacht out and see how it performs on the high seas. You’ll need to check if its engine is performing as promised, assess the noise levels, verify cruising and maximum speeds, and so on.
  • Finalizing the Acceptance: After the trial, the buyer will submit an acceptance letter. This is a conditional acceptance since the seller must address any deficiencies found during the survey and the trial before closing. In some cases, any issues that the seller cannot fix will result in deductions from the final sales price.

Tax Considerations

Before you proceed to closing, you’ll want to understand the additional taxes you need to pay during the purchase. While there is no federal tax imposed for yacht sales, there are taxes mandated by state or local governments. As your broker, we’ll help you learn about these so you can prepare ahead of time.

In Florida, all boat sales and deliveries are subject to 6% sales and use tax. The broker or dealer will collect this amount at the time of purchase. You’ll want to use the exchanged Bitcoin cash or other cryptocurrency as a source for payment.

Making the Final Purchase and Celebrating

The last stage is closing time, where you’ll sign the papers in the presence of your broker, legal representatives, and other relevant parties. At this stage, you’ll also finalize the transfer of the escrowed funds from your Bitcoin or altcoin cash.

There you have it. You’ve successfully purchased your yacht with cryptocurrency! Now it’s time to celebrate and board your new vessel for the maiden voyage!

Let The Advantaged Help With Your Purchase

The Advantaged is an established company in the marine industry, specializing in yacht charters, sales, and brokering in Miami, Florida. Our clients have trusted us for many years as their partner for all water vessel transactions thanks to our comprehensive services.

If you’re a buyer who’s looking to invest in a new yacht using Bitcoin transactions or other cryptocurrencies, we’re here to help! You can give us a call at 305-358-0745 or contact us online . Reach out to us today to begin your journey.

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buy yacht with bitcoin

After the crash: Is now the time to buy boats with bitcoin?

The superyacht world has been slow to engage with digital currencies to date but, as Izabella Kaminska discovers, early adopters may well be rewarded

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Bob Denison of Fort Lauderdale-based Denison Yachting first saw the potential of cryptocurrency when chartering a catamaran in the BVIs around five years ago. When it became time to split the trip’s costs with his friends, one of his party sent him a bitcoin transaction.

“It opened my eyes to there being certain advantages with crypto and that it would affect the way people interact with money and yachts,” he says.

Denison’s brokerage started accepting cryptocurrencies soon after. It was, he says, mainly a way to expand his pool of potential clients, many of whom had crypto wealth to spend. In a similar vein, he also moved to taking payments in other foreign currencies, such as euros. Since that time, he says he’s processed around 12 major transactions for either charters or sales in crypto – enough to have made it worthwhile in his eyes.

Being a first mover in crypto has brought promotional opportunities, too. “I seem somehow to have become one of the people that is interviewed for stuff like this,” he says. Denison doesn’t see himself as a cryptocurrency expert. “We’re kind of figuring it out and thinking creatively. For me, there’s something really cool there.  I don’t know what it is yet, but I think there is something there.”

He adds that there is still a lot more cynicism than excitement about crypto in the yachting industry.

The newfangled asset class certainly feels like it should be particularly suited to the lifestyles of those engaged with superyachts or boating. Cryptocurrencies float through the international financial system akin to some sort of stateless vessel, docking onshore only when users, often high-net-worth individuals, need access to the resources of nation-states.

One of the world’s best-known cryptocurrency promoters is MicroStrategy co-founder Michael Saylor, a yachting enthusiast who frequently conducts crypto-boosting interviews aboard one of his yachts or in front of nautically themed furniture. Finally, there are the supplementary protocols that try to “anchor” digital assets to sturdier onshore systems, from Anchor protocol and Tether to nautically themed platforms and marketplaces, such as OpenSea. The latter is one of the leading destinations for the trading of non-fungible tokens (NFTs) – the latest and most visually alluring incarnation of the cryptocurrency phenomenon.

In practice, the largely conservative superyacht industry has been much slower than others to adopt crypto-denominated payments or engage with NFT culture. The art world, for example, dived in far more readily following the success of digital artist Beeple’s NFT sale at a Christie’s auction in March 2021, at which he sold his digital collage, Everydays: The First 5000 Days , for $69 million (£56.6m).

Some of the reluctance in yachting may be down to disaster stories about the times crypto has already converged with the high seas. One of the best examples is that of the trio of cryptocurrency enthusiasts who decided to buy a former P&O cruiser for $9.5 million in October 2020. Their aim was to turn the vessel into a self-sustaining, libertarian, homesteading community, free of government intervention or regulation.

The intrepid trio even renamed the ship the MS Satoshi in honour of Satoshi Nakamoto, the pseudonymous founder of bitcoin. Their eventual hope was to fund and operate the community, which included plans for interconnected seapod residences off the coast of Panama, with cryptocurrencies or blockchain protocols. The results of the collective endeavour, however, proved largely calamitous.

Life aboard the ship didn’t work out quite how the trio expected. Commenting on what went wrong, the vessel’s captain told The Guardian in September 2021 that the owners had been naive about how shipping worked and that their abhorrence for following rules had largely proved to be their unmaking. The trio had significantly underestimated the costs of running and maintaining a seaworthy vessel of that size.

By February 2021 the libertarian pipe dream had come to a crashing end. Spiralling costs forced the owners to sell MS Satoshi for $12 million to a more experienced buyer. As The Guardian noted at the time, that sum may have been more than the bitcoin enthusiasts had paid for the vessel initially, but it’s unlikely to have compensated for the costs of operating the ship in the interim.

One of the ironies of the debacle was that it was the very thing that proponents claimed crypto and blockchain could solve – bureaucracy – that proved to be the venture’s undoing.

Since then the crypto industry has headed into an even bigger storm. In the last six months, the market has suffered one of the largest collapses in its 14-year history, falling from a value of $3 trillion at its peak in November 2021, to one currently worth no more than $1.1 trillion.

Those who had hoped that 2022 might be the year that yachting would finally embrace cryptocurrency have had to pare back expectations.

On paper, Zachary Mandelstein chose an inopportune moment to launch his crypto venture, Cloud Yachts. The NFT specialist, who is collaborating with yacht designers, brokers and online influencers, launched his offering in February 2022 at the Miami Yacht Show, a time when the buzz surrounding NFTs was starting to fizzle out. Just two months later, the wider cryptocurrency market was in a total state of collapse.

But Mandelstein, who hails from the branding and intellectual trademark world, says he knew a crash was coming and took precautions to limit his exposure to the volatile ethereum currency, which the vast majority of NFTs are linked to. “It was all too crazy,” he says. “The ethereum we had earned, we used to pay for development when it was worth something, which was great, so, by the time the crash came, we really didn’t have much ethereum left.”

Like many others dipping their toes in the sector, Mandelstein remains cautiously optimistic that this is far from the end of crypto.

Crypto experimentation in yachting can be divided into roughly three areas: payments for yachts using crypto, the creation of yacht-themed NFTs and the use of blockchain protocols more widely for tokenisation purposes. There are also endeavours amalgamating all three of these areas.

Mandelstein’s business, which he describes as the only Web3 company in the yachting industry, is, for example, collaborating with Denison. The venture is driven largely by Mandelstein’s passion for both yachting and crypto.

“I was trying to figure out what I could do with NFT technology and my love of boats and my intellectual property management background, and it just hit me like a thunderbolt in April 2020 that there was a massive supply of intellectual property from superyacht designers that was never used, because very few boats actually get built,” he says.

Cloud Yachts takes those designs and turns them into limited series of NFT-minted crypto assets for an aspirationally minded client base.

But the company doesn’t just deal in collectable NFTs. “I’m actually no different than any yacht brokerage in Florida with a licence to sell used yachts and to have yacht sales professionals hang their licence at my brokerage and sell under me,” says Mandelstein.

For now, the diversification has held his business in good stead because, by Mandelstein’s own admission, the market for NFTs has cooled. Real boats, by contrast, are still selling well. The whole arrangement reveals the degree to which NFTs are used as marketing tools to drive business to relatively established models.

According to Andrew Grant Super, whose company, Deer Hague, is dabbling with tokenised ownership in the sector, merely using the phrase “NFT” gets you on the front pages of yachting publications. “There’s a lot of hot air, not a lot of substance, and I’m being kind about that,” he says.

His perspective gels with the fact that many of those closely involved in the sector struggle to explain exactly what the new NFT technology can bring to yachting.

On one hand, enthusiasts argue that NFTs can give yacht builders and brokers the ability to bundle all related documents, designs and certificates of the boats being sold into a neat digital format as an added bonus for the buyers. “We’re providing them a new way to access their data,” says Mandelstein.

On the other hand, those backing the tech often offer little clarity on why NFTs are superior to conventional databases or PDFs beyond the mere proposition that it’s about some sort of digital experience.

For many high-net-worth individuals, putting private documents on a public blockchain might feel like more of a liability than a feature, even with secure encryption. The idea that all you need to prove ownership is access to a digital file is also not particularly reassuring.

“NFTs are just giving a token attached to a physical asset,” explains Grant Super. “They’re definitely not replacing the official legal world of platforms for registering yachts.”

Others suggest the reason it’s hard to see the benefits of NFTs is that it’s still early days for the technology. Denison envisages a world 20 years from now where the usual bureaucracy associated with managing yachts, charters and onshore access can be significantly reduced with the help of tokenised, but ultimately publicly listed, documentation.

For example, while holding a digital bearer token that says you own a yacht is unlikely to help you retrieve it if it is stolen, he says it might one day make life much harder for a would-be thief.

“The person who steals a boat – the next time they try to go to a marina or to refuel, if they have to show a QR code to indicate beneficial ownership, that perhaps makes things more difficult for the thief and easier for the coast guard,” he says.

The other significant driver of NFT interest is on the aspirational side of things. Today that means selling NFTs to those who are unlikely to ever own a yacht, but who might be able to afford a digital equivalent in the metaverse or whose enthusiasm for yachts can be tapped into in different ways.

Some of these NFTs may also offer additional experiences as associated token rights, such as access to boat shows, exclusive parties or even opportunities to visit some of the boats in question.

“We think it’s going to be really fun for people who are dreaming of owning yachts, or scrolling through new yachts, to have the ability before they jump offline to mint NFT superyachts, and keep them in their wallets and have fun with them,” says Mandelstein.

When pressed on how exactly people might have fun with digital yachts – or why NFT invitations are better than conventional ones –  it turns out the real opportunity at the heart of the NFT business is getting yacht enthusiasts into yacht sales.

“We’re providing them with an opportunity to jump into the yachting industry. And if they’re an incredible salesperson, they might make a lot of money. We’re not promising anything. It’s not financial advice, but we’re certainly saying ‘Thank you for buying our NFT,’” says Mandelstein, noting that buying one of his NFTs entitles an owner to apply for a virtual brokerage licence with his business. “We are a sales company and we need NFT salespeople, in the metaverse and in real life here in Florida.”

Grant Super’s business, Deer Hague, hopes to tap into an even more niche aspirational market. He offers select clients the opportunity to invest in high-value physical assets – among them assets held on yachts – on a fractional basis using NFTs. Again, as an added sweetener, the tokens can give holders additional rights, such as the opportunity to visit the assets they fractionally own.

“Yachts obviously contain a lot of valuable assets, such as furniture, and we have agreements with the owners to start doing fractional ownership of these assets in order to make some money out of them,” notes Grant Super. For those raising money this way, the advantage is that the assets themselves never have to leave the yachts.

Grant Super stresses the tokens themselves are not a replacement for the usual due diligence protocols associated with chartering yachts or raising money: “We will be vetting the people, that’s part of the process. You can’t just let anybody come on board.”

Despite having a somewhat cynical take on the state of the market, Grant Super still thinks that, in the longer run, NFTs and decentralised autonomous organisations (DAOs) could open the door to new types of collective ownership models for the yachting world.

“This will allow people into very serious assets, including resorts and superyachts, in a tiered way where expectations are measured against what tier you’re in,” he says. “So, if you pay more, you may always get August, but I never get August, I get July, or you get three visits on board, whereas I only get one, and so on.”

Other boating experts, however, see this as unlikely due to the uniquely disastrous history of timeshare models in the industry. “People fight all the time over this stuff because there are running costs and then boats break all the time,” says Brendan Greeley, a journalist who writes about both economics and boating for the Financial Times . “If you have an NFT yacht share, you’d need one of those yacht operating companies to manage all of the bookkeeping and cost-sharing, and then you might as well just rent the goddamn boat for a week when you need it. You can’t get around centralisation.”

This feeds into the wider perspective among critics of crypto that the technology is more often than not a solution looking for a problem. Even in its most vanilla application – that of payments – it’s unclear why brokers should take the risk and bear the cost of converting crypto payments on to their own balance sheets rather than having their customers do it. Operating in crypto, after all, is not costless. Denison, whose brokerage uses Bitpay to process such transactions, admits the company charges a one per cent fee on every transaction. That’s less than what many crypto holders may be used to paying when trying to convert their holdings into fiat currencies, but far from zero.

It’s tempting to posit that the real motivation for accepting crypto may be a type of due-diligence arbitrage related to the fact that it’s easier and cheaper for an established yachting brokerage to cash out crypto for conventional dollars than for those who may have earned their crypto wealth in potentially dubious ways.

But Denison opposes this assertion. He says any law-abiding and respectable brokerage has to abide by knowing your customer (KYC) principles anyway. “Whether somebody sends us crypto or cash, or bushels of corn, whatever it is, we still have to do KYC no matter what,” he explains, implying there is no upside to a potential money launderer using crypto.

Grant Super concedes that those dealing with recently sanctioned Russian entities, from jurisdictions that have not opted to join wider Western blockades against Russian wealth, might be inclined to use cryptocurrency to obscure such transactions, but he notes that the move into crypto payments far predates the recent war in Ukraine.

For the most part, he believes the motivation for using crypto is to use discounts to attract the business of the crypto-enriched. “Crypto kids”, as he calls them, are a significant source of new wealth and that’s an opportunity for sales.

Giles Whitby-Smith, CEO of Bitcashier, a BitPay competitor, adds that yacht brokerages – his primary customers in the sector – rarely want to receive crypto directly because of its huge volatility. They do, however, want to be able to take advantage of the additional form of revenue stemming from the newly crypto-wealthy.

While the discrete nature of the industry makes it hard to put a firm number on the total value of cryptocurrency transactions in the sector, Whitby-Smith estimates that up to $75 million has probably already been transacted in cryptocurrency.

Whether that makes for a sustainable industry in a rising interest rate environment and in the midst of a cost of living crisis is harder to determine at this stage. Bitcashier, which also services transactions in other high-value luxury markets, is only just breaking even.

Given the interconnection between crypto, NFTs and marketing in general, the hope, however, is that moving into the space can help to drive growth in the core business of selling real yachts, boosting everyone’s bottom lines over the longer term.

As Marco Casali , one of the yacht designers working with Cloud Yachts to make NFTs, notes, only a small share of those who can afford yachts actually do: “This is a unique advertisement for our business.”

First published in the October 2022 issue of BOAT International. Get this magazine sent straight to your door, or subscribe and never miss an issue.

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Crypto-Cat? This Sleek 52-Foot Sailing Catamaran Was Just Bought With Bitcoin

While cryptocurrency remains a tiny niche of yacht sales, one broker has purchased bitcoin miners to make it more mainstream., michael verdon, michael verdon's most recent stories.

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This 52 Lagoon Sailing Catamaran Was Purchased with Bitcoin

Bitcoin was used to purchase a 52-foot Lagoon catamaran in Fort Lauderdale, Florida. The buyers, introduced by Denison Yachting broker Michelle Ropiza, purchased the sailing yacht using a combination of US dollars and cryptocurrency .

Despite its somewhat murky reputation, cryptocurrency may become more common in future yacht deals. Bitcoin is perhaps the most well-known form of the digital, unregulated currency that’s traded anonymously, without banks or middlemen. Payments are made through a digital wallet on a computer or smartphone.

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Bob Denison, president of the Fort Lauderdale-based firm, said the “vast majority of sellers” have no interest in accepting cryptocurrency, so Denison Yachting has moved to assist the buyers with crypto-deals. He said the 52 Lagoon was purchased “half in Bitcoin and half in US dollars,” and that the seller didn’t know that the transaction involved cryptocurrency.

This 52 Lagoon Sailing Catamaran Was Purchased with Bitcoin

Bitcoin amounted to about half the purchase price of this 52-foot sailing catamaran.  Courtesy Denison Yachting

“The day of the closing was faster than a wire transfer—they converted the Bitcoin immediately into dollars,” says Denison. The cryptocurrency has a reputation for being “somewhat shady,” Denison adds, but the transaction followed all legal protocols, including the buyer providing a passport to verify his identity.

The firm has nine Bitcoin “miners” in its offices, more as a way to  “understand” the cryptocurrency, says Denison, than make sizable profits. The company also has a merchant account which provides the ability to buy cryptocurrencies with debit or credit cards.

“I think we’re the only firm that makes an effort to accept crypto,” says Denison. “Our closing department has been trained in that. We also opened an office in Hong Kong to make it easy for the client to put down deposits in Euros. It’s all about meeting the client where they’re at.”

This 52 Lagoon Sailing Catamaran Was Purchased with Bitcoin

The agency has purchased nine Bitcoin miners as a way to grow its crypto business in yacht sales.  Courtesy Denison Yachting

Since 2016, Denison Yachting has sold three yachts and funded three yacht charters using cryptocurrency. Bob Denison expects buying boats in cryptocurrency to remain a “niche” part of his business going forward, but he believes, among cryptos, Bitcoin will be around. “It is volatile, but it seems to have staying power,” he says.

The Lagoon 52 had an asking price of $839,000 at the time of the sale.

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Buy a boat with bitcoin

MAKAI PARTNERS WITH BITPAY TO ALLOW YOU TO ACCESS YOUR DIGITAL WALLET TO BUY A BOAT !

How to buy a boat with Bitcoin and other cryptopcurrency? MAKAI  has partnered with    BitPay  ,  the world’s largest and most reputable provider of bitcoin and cryptocurrency payment services to open a cryptocurrency payment option to our power catamaran customers. by MAKAI Yachts

MAKAI has partnered with BitPay , the world’s largest provider of bitcoin and cryptocurrency payment services, to offer our customers the convenience if using their crypto wallet to make boat payments from cryptocurrency via an email invoice. According to Jay Nolan, co-founder and Director at MAKAI Yachts: “This partnership represents a commitment to customer service not just in name, but in an important and often administratively cumbersome part of buying a boat.  Many customers hold crypto assets and we know we should make the process of buying a boat as easy as possible, so they can focus on all of the fun parts.  It’s also right on-message with our focus on  adoption and integration of the most up-to-date technology on our yachts.  We are very excited about the prospects that this collaboration will bring.”

Since inception in 2011, BitPay has established a market leading position in Bitcoin and other Cryptocurrency processing services.  Initially to serve small daily transactions BitPay made it possible to buy everything from a cup of coffee to a computer, and now, with the collaboration between MAKAI and BitPay, you are only a few clicks away from yacht ownership!

A partnership that brings great value!

Founded in 2011, BitPay pioneered blockchain payment processing with the mission of transforming how businesses and people send, receive, and store money. Its business solutions eliminate transaction fraud, reduce the cost of payment processing, and enable borderless payments in cryptocurrency, among other services. BitPay offers consumers a complete digital asset management solution that includes the BitPay Wallet and BitPay Prepaid Card, enabling them to turn digital assets into dollars for spending at tens of thousands of businesses. The company has offices in North America, Europe, and South America and has raised more than $70 million in funding from leading investment firms including Founders Fund, Index Ventures, Virgin Group, and Aquiline Technology Growth.

Buy a Boat with bitcoin

BitPay Wallet is designed to offer a unique set of advantages over other payment methods. To have a closer look at how this payment method goes to action, there are several questions and common enquires to be covered below.

WHAT CRYPTOCURRENCIES CAN I USE?

BitPay supports leading coins including Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), Shiba Inu (SHIB), Wrapped Bitcoin (WBTC), and 5 USD-pegged stable coins (BUSD, DAI, GUSD, USDC, and USDP).

WHAT CRYPTO WALLETS CAN I USE?

BitPay supports more than 95 different crypto wallets and exchanges including BitPay, Coinbase, Exodus Wallet, Ledger Wallet, Trust Wallet, Electrum Wallet, Blockchain Wallet, Metamask, Crypto.com, Gemini Wallet, Kraken, BRD Wallet and more.

WHO IS BITPAY?

BitPay is the world’s largest provider of bitcoin and cryptocurrency payment services. Founded in 2011, while Bitcoin was still in its early stages, they set out to revolutionise the financial industry – making payments faster, more secure and less expensive globally. BitPay pioneered blockchain payment technology to transform how businesses and people send, receive and store money worldwide. A decade later, BitPay is still creating more tools and services for everyone to use in innovative ways.

WHAT IS BITCOIN?

Bitcoin is a secure, digital currency that can be used to exchange money over the Internet. There are no central banks or authorities. Bitcoin is truly open – compatible across platforms, technologies and even borders. It’s great for fraud protection too! With no credit card numbers for someone to steal, it’s safe and secure.

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Can I Buy A Boat With Cryptocurrency?

By Rob Bowman | Posted On Dec 15, 2021 Updated On Mar 23, 2022

United Yacht Sales is excited to announce that we have partnered with ForumPay, an industry-leading global cryptocurrency payment technology provider, to offer our clients the ability to purchase a boat using their favorite cryptocurrency. ForumPay has multiple clients in similar spaces including the real estate industry, private jet charters, and other retail businesses that have successfully begun accepting crypto payments .

ForumPay allows United Yacht Sales clients to sell their yacht confidently and safely to a more diverse community of potential buyers without having to know anything about cryptocurrency at all.

"The yachting industry cannot ignore the benefits of accepting cryptocurrency as a form of payment for a boat purchase," said Captain Jeff Palmer , co-owner and President of United Yacht Sales. "The beauty of partnering with Forumpay is that they exchange the cryptocurrency for U.S. dollars and our clients listing their yachts with us never know the difference. They receive the funds in their account like they normally would!"

Boats can be purchased using a variety of cryptocurrency including Bitcoin, Ether, Litecoin, Bitcoin Cash, Dash, or XRP.

For more information on how to buy a yacht with crytpocurrency , please don't hesitate to call our main office at 1-772-463-3131 .

Example Below Of How Buyers Would Pay With Crypto:

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Bitcoin Accepted For Yacht Purchases + Superyacht Charters

Pay for your next yacht using cryptocurrency..

In cryptocurrency news this week, Tesla announced that it would start allowing customers to purchase their vehicles with Bitcoin. All we have to say is, welcome to the club. Denison has been accepting Bitcoin since 2014 and was the first company in the yachting industry to do so. Denison was also the first company with the ability to accept cryptocurrency payments without a limit.

buy yacht with bitcoin

“We need to be present and available to all potential clients in all marketplaces, and if a client wants to pay with Bitcoin, we are positioned to handle the transaction,” said Bob Denison .

And so, since 2014, Denison sold five yachts using cryptocurrency. The most recent transaction was a Lagoon 52 in Fort Lauderdale with an asking price of $839,000 at the time of sale. The ability to safely accept various currencies, including a digital currency like Bitcoin, and distribute these funds in U.S. dollars is a valuable service to Denison’s clients.

buy yacht with bitcoin

Denison actively participates in the Bitcoin network. At Denison HQ in Fort Lauderdale, you’ll find 8 Antminers that are currently supporting the blockchain, 24/7. To those who say it sounds certifiably looney, Denison adds, “If you talk to your grandparents about something like a credit card 60 or 70 years ago, they would’ve thought you were crazy. This is the same thing.”

Elon Musk admits to being late to the party, and we’re excited to have inspired him to make buying an electric car easy for customers.

“I do at this point think Bitcoin is a good thing, and I am a supporter of bitcoin. I am late to the party but a supporter. I think bitcoin is on the verge of getting broad acceptance by conventional finance people,” Musk said during an interview on Clubhouse.

Bitcoin more than quadrupled in price over the course of last year. It then hit a new all-time high of nearly $42,000 at the beginning of 2021. Bullish investors say the digital coin has gotten a boost from increased institutional interest and the perception that it is a safe-haven asset akin to gold, reports CNBC .

How many U.S. dollars Bitcoin buys

buy yacht with bitcoin

Tesla is the first major automaker to accept cryptocurrency. The company said that it bought $1.5 billion worth of Bitcoin to give the company liquidity in cryptocurrency once it starts accepting it as a form of payment. We expect this to be the first of many times that Tesla will follow the lead of Denison.

With current news circling Bitcoin, we want to remind you that you can pay for a yacht using cryptocurrency at Denison. We’re excited that Tesla took a page out of our book to make large purchases easy and accessible for clients. Contact a Denison yacht broker to buy your next yacht using cryptocurrency. We’re serious.

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How To Use A Bitcoin ATM And Should I Buy One: This Lucrative Business May Grow $16.85B By 2033

All bitcoin atms let you buy bitcoin with cash.

Vinay Patel

The burgeoning cryptocurrency market has sparked significant interest in Bitcoin ATMs, devices that facilitate the purchase and sale of Bitcoin and other cryptocurrencies with cash or debit cards. These machines are becoming increasingly popular as they offer a convenient and accessible entry point into the world of digital currencies. Using a Bitcoin ATM is straightforward: users locate a nearby machine, follow on-screen instructions to either buy or sell Bitcoin and complete the transaction in minutes.

A decade ago, the world's first Bitcoin ATM debuted at Vancouver's Waves Coffee House. Today, Coin ATM Radar reports a staggering 37,056 machines globally, with over 31,006 in the US alone. With the global Bitcoin ATM market projected to surge to $16.85 billion by 2033, owning a Bitcoin ATM presents a lucrative business opportunity.

What's more, this widespread adoption continues despite the prevalence of online exchanges, with Bitcoin ATMs finding homes in convenient locations like gas stations, shopping malls, and grocery stores. Bitcoin ATMs are a critical driver of cryptocurrency adoption, generating significant revenue for retailers who host them.

Because of this, entrepreneurs are drawn to this potential due to the growing mainstream acceptance of cryptocurrencies and the increasing demand for user-friendly financial solutions. Investing in a Bitcoin ATM seems like a very logical prospect as it not only provides a steady income stream through transaction fees but also positions business owners at the forefront of the fintech revolution, a strategic advantage that can shape the future of financial services.

If you're considering buying a Bitcoin ATM as a lucrative side hustle, then check out this overview:

Using A Bitcoin ATM: A Beginner's Guide

People use Bitcoin ATMs for a variety of reasons. Some view Bitcoin and other cryptocurrencies as a potential long-term investment, while others value their transaction efficiency.

Bitcoin ATMs allow you to purchase Bitcoin by exchanging cash for it. Since cryptocurrency isn't tied to bank accounts, you'll need a separate digital wallet to store your Bitcoin. After feeding cash into the ATM, you'll enter your wallet address or scan its QR code. The machine will then convert your cash to Bitcoin at the current market rate and deliver it directly to your digital wallet.

Some Bitcoin ATMs are bidirectional, allowing you to buy and sell Bitcoin. When selling, you can specify the amount of Bitcoin you want to convert to cash and collect it directly, or in some cases, have it deposited onto your debit card.

Alternatively, you can use these machines to send Bitcoin directly to another person. Enter the recipient's wallet address, and the purchased Bitcoin will be deposited into their wallet.

However, it is worth noting that some machines may require ID verification depending on the transaction amount. This typically involves scanning or taking a picture of your ID at the ATM.

This process has been making Bitcoin ATMs quite popular and the machines have been experiencing exponential growth.This trend reflects a growing mainstream interest in cryptocurrency. In 2014, for instance, Google Campus London installed a Bitcoin ATM, showcasing the potential of this technology for businesses. As a result, more and more companies recognise Bitcoin ATMs as a valuable financial opportunity.

Bitcoin ATMs: A Lucrative Opportunity For Businesses

For businesses with a physical storefront, Bitcoin ATMs present a compelling opportunity. They generate revenue through rent from hosting the ATM and can attract a new wave of tech-savvy customers. This can be a great way to expand your customer base and cater to the growing demand for cryptocurrency access.

Additionally, retailers can explore revenue-sharing agreements with ATM operators, earning a percentage of each transaction fee processed. Partnering with licensed and insured operators who prioritise Anti-Money Laundering (AML) compliance is crucial.

Industry figures from 2014 suggest that Bitcoin ATM owners can see average monthly profits between $1,000 and $3,000. However, it's important to remember that this is a dated figure and may not reflect the current market.

The most significant benefit of hosting a Bitcoin ATM is the surge in customer traffic it can bring to your retail location. Websites like Coin ATM Radar list ATM locations, offering free advertising for your business.

Aside from that, Entrepreneur.com reports that Bitcoin ATMs are searchable on Google Maps and often co-listed alongside the hosting business. This increased visibility can attract new customers who have not visited your store.

Customers who come to purchase crypto at your ATM are more likely to make return visits and browse your products, creating a win-win partnership between you and the Bitcoin ATM operator.

© Copyright IBTimes 2024. All rights reserved.

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COMMENTS

  1. How to Buy Boats & Yachts with Bitcoin [2023]

    Yachts You Can Buy with Bitcoin Right Now. View some of our favorite boats for sale right now. Contact the listed dealer to get onto the water in your new boat. Crescent Lady. 117' Crescent 2020. The 117-foot (35.7m) CRESCENT offers a versatile interior and exterior spaces with fantastic options for entertaining, lounging and dining.

  2. A guide to buying and chartering a yacht with Bitcoin

    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%.

  3. How to buy a yacht (boat) with Bitcoin in 2023

    A list of businesses where you can buy a yacht with Bitcoin. Here are sellers that definitely take Bitcoin as a payment method: Ocean Independence. Sunshine Cruising Yachts. YACHTZOO. Camper & Nicholsons. SuperYachtsMonaco. Denison Yachting. TheYachtBreak.

  4. How to Buy a Boat with Bitcoin and Other Crypto Currencies

    BoatTEST co-founder Jeff Hammond interviews Bob Denison, president of Denison Yachting, about the emergence of cryptocurrencies used in payment for large yachts. With more blockchain currencies being created, we're likely to see this mode of transaction grow. Check out Bitcoin prices on over 6,540 pre-owned yachts on Denison Yachting's ...

  5. Buy A Boat With Cryptocurrency

    Simply let your United Yacht broker know that you wish to pay with crypto and our expert closing team will be in touch with you with options. Questions? Give our main office a call at 1-772-463-3131 to discuss using your crypto to purchase a yacht. Search Yachts For Sale Find A Broker Near Me My Current Boat's Value.

  6. Buy a Yacht with Bitcoin at Denison Yachting

    Bob Denison, president of Denison Yacht Sales, said: "We need to be present and available to all potential clients in all marketplaces and if a client wants to pay with Bitcoins, we are now positioned to handle the transaction.". Bitcoin, an online currency used for peer-to-peer payment, was valued at over $16,000 in mid-December of 2017.

  7. Buying a Boat with Bitcoin

    Prices range from 6,485.392 Bitcoin (a little over 25 million dollars) for a 182' superyacht built in Turkey, to a 24' Hydrasports center console listing at a mere 9.279 Bitcoin ($35,000). Boatshed , based in the UK but selling yachts internationally, including in the US, has picked up on the trend as well.

  8. Can you charter a superyacht with cryptocurrency?

    Denison charter yacht My Toy has had fees paid for in bitcoin. Credit: Denison. Since adopting cryptocurrency Denison Yachting has accepted over five bitcoin transactions for sales and charter, including a charter booked on board 41.6 metre motor yacht My Toy. Fees are paid into the Denison "wallet" using blockchain payment company BitPay ...

  9. How to Charter a Yacht With Crypto

    Use various cryptocurrencies to pay for luxury yacht charters with Denison. Denison was the first yacht brokerage firm to accept bitcoin as a form of payment and the first company with the ability to accept cryptocurrency payments without a limit. And that's the facts. (Hey, Elon.) Way back in 2014, there became a need to pay for luxury goods using various cryptocurrencies.

  10. How To Buy A Yacht With Bitcoin

    Denison has been accepting Bitcoin since 2014 and was the first company in the yachting industry to do so. Since then, we sold five yachts using cryptocurrency. And in June 2018, Denison's first charter was booked using Bitcoin as payment.The ability to safely accept various currencies, including a digital currency like Bitcoin, and distribute these funds in U.S. dollars is a valuable ...

  11. How to Charter a Yacht with Crypto

    Denison was the first yacht brokerage firm to accept bitcoin as a form of payment and the first company with the ability to accept cryptocurrency payments without a limit. Back in 2014, there became a need to pay for luxury goods using various cryptocurrencies. Fintech companies such as BitPay and Coinbase offered an easy way to make payments ...

  12. 236-Foot Superyacht Can Be Bought with Bitcoin

    Until now. In September, Camper & Nicholsons Interna tional announced that the owner of the 236-foot CRN Azteca is willing to accept bitcoin for the yacht, at an asking price of about $75 million. It's believed that the 2010 build is the largest-ever yacht available for purchase with bitcoin. Azteca is built for world-cruising itineraries.

  13. Can you really buy a boat with bitcoin?

    Accepting bitcoin is just one of those ways," says Denison. SuperYachtsMonaco recently announced that the owner of 50m JoyMe was now accepting bitcoin for his €9.9 million superyacht. Andrade shares the same view. "It's just another tool to find a buyer for your boat," he says. In February, SuperYachtsMonaco announced that the owner of ...

  14. Purchasing a Boat with Cryptocurrency

    When you buy a boat with Bitcoin or other cryptocurrencies, you can expect fast transactions, fewer fees, and the ability to buy from anywhere in the world. That's the wonder of digital money. How the Process Works: Buying Your Crypto Yacht. You're now ready to make your crypto yacht transaction. The 1st Stage - Dealing With a ...

  15. How to Buy a Yacht Using Bitcoin

    https://GeorgeLevy.com/ presents:In this video interview, I meet with Bob Denison, CEO of Denison Yachting at their headquarters in Fort Lauderdale, Florida ...

  16. Is now the time to buy boats with bitcoin?

    The owner of JoyMe is now accepting bitcoin with SuperYachtsMonaco. By February 2021 the libertarian pipe dream had come to a crashing end. Spiralling costs forced the owners to sell MS Satoshi for $12 million to a more experienced buyer. As The Guardian noted at the time, that sum may have been more than the bitcoin enthusiasts had paid for ...

  17. This Sleek 52-Foot Sailing Catamaran Was Just Bought With Bitcoin

    Modified on December 1, 2020 Published on November 23, 2020. By Michael Verdon. Courtesy Denison Yachting. Bitcoin was used to purchase a 52-foot Lagoon catamaran in Fort Lauderdale, Florida. The ...

  18. The Price Of This 236-Foot-Long Superyacht Is Over $70 Million...In Bitcoin

    AZTECA can only be bought with Bitcoin. The 236-foot-long superyacht AZTECA, which was built by CRN and will attend the 2021 Monaco Yacht Show is for sale. But here's the thing. The owner will ...

  19. Buy a boat with Bitcoin MAKAI Catamarans Partnership with BitPay

    MAKAI has partnered with BitPay, the world's largest provider of bitcoin and cryptocurrency payment services, to offer our customers the convenience if using their crypto wallet to make boat payments from cryptocurrency via an email invoice.According to Jay Nolan, co-founder and Director at MAKAI Yachts: "This partnership represents a commitment to customer service not just in name, but in ...

  20. Can I Buy A Boat With Cryptocurrency?

    Boats can be purchased using a variety of cryptocurrency including Bitcoin, Ether, Litecoin, Bitcoin Cash, Dash, or XRP. For more information on how to buy a yacht with crytpocurrency, please don't hesitate to call our main office at 1-772-463-3131. Example Below Of How Buyers Would Pay With Crypto:

  21. Use Bitcoin to Buy a Boat Through Denison Yachting

    Use Bitcoin to Buy Your Next Yacht. Denison Yachting decided to open the Bitcoin option following requests from several customers. "Bitcoin does a lot of things that are really unique in terms of efficiencies. One of them was privacy and security for the person that owns the bitcoin currency," Bob Denison, president of Denison Yachting ...

  22. Bitcoin Accepted For Yacht Purchases

    Pay for your next yacht using cryptocurrency. In cryptocurrency news this week, Tesla announced that it would start allowing customers to purchase their vehicles with Bitcoin. All we have to say is, welcome to the club. Denison has been accepting Bitcoin since 2014 and was the first company in the yachting industry to do so. Denison was also the first company with the ability to accept ...

  23. How to Buy a Yacht Using Bitcoin

    In this video interview recorded with Bitsonline, I meet with Bob Denison, CEO of Denison Yachting at their headquarters in Fort Lauderdale, Florida to talk ...

  24. The Ultimate Cryptocurrency to Buy With $1,000

    Over the decade from 2011 to 2021, Bitcoin was the best-performing asset in the world, and it wasn't even close. During that time period, Bitcoin delivered annualized returns of 230%.

  25. Binance

    With low fees and over 350 cryptocurrencies to trade, Binance is the preferred exchange to trade Bitcoin, Altcoins, and other virtual assets. With Binance users can: Trade hundreds of cryptocurrencies on Spot, Margin, and Futures markets. Buy and sell cryptocurrencies with Binance P2P. Earn interest on your crypto with Binance Earn.

  26. Billionaires Are Selling Nvidia Stock and Buying 2 Magnificent Index

    He also started a sizable position in the iShares Bitcoin Trust (IBIT 1.82%), an index fund that tracks the cryptocurrency Bitcoin. Ken Griffin of Citadel Advisors sold 2.4 million shares of ...

  27. How To Use A Bitcoin ATM And Should I Buy One: This Lucrative Business

    All Bitcoin ATMs let you buy Bitcoin with cash. By Vinay Patel @VinayPatelBlogs Published 06/18/24 AT 9:00 AM BST.

  28. 2 Cryptocurrencies to Avoid, and 1 to Buy Hand Over Fist

    Cardano has been unable to break through the $1 mark, and is already down 30% in 2024. Litecoin has underperformed since its halving last year, and also lacks signs of a breakout rally. Bitcoin ...

  29. Should You Buy Bitcoin While It's Less Than $70,000?

    And Bitcoin is easier to store and transport than gold, while also possessing easier transactional value. However, Bitcoin's current market cap of $1.3 trillion is just 8% of gold's $15.7 trillion.

  30. Should You Handle Your Own IRS Tax Audit Or Hire A CPA Or Lawyer?

    One expensive issue was the tax treatment of Bailey's expensive and custom-built yacht, "Spellbound." You guessed it: Bailey claimed that he operated it (unsuccessfully) as a profit-making ...