Frequently Asked Questions
Anyone wanting to sell their vehicle can list on the site for a small fee using Bitcoin. The listing process is quick and simple and fully automated. You can create a listing and preview the listing for free! Once you are happy with the listing just go to the "My Listings" section to make your listing "live" for a small fee. Sellers can use any Bitcoin wallet that uses the lightning network to pay the listing fee.
At the time of payment, a QR code is generated, just scan the QR code and after a few seconds when the status changes from "unpaid" to "paid" your listing will be live. For those that don’t want to use the QR code, you can just use the generated lightning code.
For listing we only accept Bitcoin and will not be looking at accepting anything else.
Currency used for the final sale of any vehicle is between the buyer and seller, you can use anything the seller is willing to accept. However, we encourage the use of Bitcoin and provide a service for sellers if they would like coincars.world to handle the transaction. The seller if free to choose and can handle the transaction themselves or use the BTC payment service from coincars.world
We recommend STRIKE.ME for all bitcoin transactions.
Peace of Mind for Sellers
At coincars.world, we understand that selling high-value items like cars can be stressful, especially when dealing with cryptocurrency payments. For sellers concerned about the volatility or complexities of Bitcoin (BTC) transactions, coincars.world BTC Payment Service ensures a smooth and secure transaction between you and your buyer.
How It Works
Our BTC Payment Service acts as a trusted intermediary in the transaction, ensuring that:
- Buyer Transfers BTC to coincars.world: Once the buyer agrees to purchase your vehicle, they will transfer the required BTC amount to coincars.world. We securely hold the funds on your behalf.
- Vehicle Handover Confirmation: After you and the buyer finalize the transaction (e.g., vehicle handover, transfer of title), you’ll notify coincars.world that the sale is complete.
- Payment to You: coincars.world will immediately release the BTC to your wallet, ensuring the exact amount agreed upon is transferred. No surprises, no risks.
Why Choose This Service?
- Security & Trust: You don’t have to worry about payment fraud or transaction failures. coincars.world makes sure the funds are held securely and will only be released once you confirm the sale is complete.
- BTC Volatility Protection: If you’re concerned about Bitcoin price fluctuations, our service ensures the agreed-upon amount is locked and protected from market volatility during the transaction process.
- Simplified Process: Avoid the hassle of managing large cryptocurrency payments on your own. coincars.world handles the transaction, so you can focus on completing the sale with confidence.
- Complete Transparency: You’ll receive updates throughout the entire process, ensuring that both you and the buyer are fully informed at every step.
Get Started
For just £80 in BTC, the BTC Payment Service ensures that coincars.world holds the Bitcoin funds until the transaction between buyer and seller is confirmed, providing a secure and transparent process. Just hit the "Add BTC Payment Service" button in the "My Listings" page. You can add this service at any time, However its best to add this service when you know you have a buyer who is ready to purchase the vehicle.
The seller will only list what they are willing to accept for the car in Great British Pounds (GBP). The web site will then automatically display the equivalent value in BTC (Bitcoin) next to GBP value that was given by the seller. The GBP value is fixed and will not change however the BTC value is updated every 15mins. This has its challenges when it comes to agreeing a purchase price in BTC between the buyer and seller. However the buyer and seller are free to use any form of currency and coincars.world will not be involved in this transaction.
If however the seller is only willing to accept BTC then a fixed BTC amount will have to be agreed between the buyer and seller, coincars.world will not be involved in this transaction. If the seller would like coincars.world to be involved in the transaction it means the seller has paid coincars.world for the an add on service called "BTC payment service". This means coincars.world will act as a middle man giving the seller piece of mind that BTC funds have been secured.