As a forward-thinking organisation we are happy to accept payments in many different cryptocurrencies.
Accepted tokens
We accept any token listed on Binance, including privacy tokens. We are not required to carry out any specific level of KYC beyond that which we carry out for all customers, which is that we need a UK address and name to register as the new keeper of the vehicle.
How we will price your vehicle in your chosen token
Your vehicle will be priced in GBP, and then the lower Bollinger Band 5-minute rate on Binance at the time we conclude the sale of your vehicle to you on delivery day will be used as the conversion rate (to allow for slippage). A fee to cover exchange trading and withdrawal costs will also be applied at Binance's prevailing rates. Here is an example based upon BTC using prices at the time of writing:
Rate at delivery time |
GBP 21540.00 |
BTC 1 |
Vehicle price |
GBP 5000.00 |
|
Fiat fee |
GBP 1.00 |
|
Trading fee (0.1%) |
GBP 5.00 |
|
Total |
GBP 5006.00 |
BTC 0.232404828 |
Payment completion
Payment will be considered made when sufficient blocks have been processed that Binance reports the transaction as confirmed. Until this time, as with all other payment methods, the goods will remain our property.