Question 1

CAN PAYMENTS BE MADE USING CRYPTOCURRENCIES AT HOTELA?

Accepted Answer

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.

Question 2

HOW DOES THE PAYMENT PROCESS WORK IF I WANT TO BUY HOTELA USING CRYPTOCURRENCY?

Accepted Answer

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.

Question 3

CAN I OPT FOR A DIFFERENT CRYPTOCURRENCY PAYMENT PLATFORM INSTEAD OF BITPAY?

Accepted Answer

At this time, BitPay is the sole payment platform available for cryptocurrency transactions with HOTELA.

Question 4

WHICH CRYPTOCURRENCIES ARE AVAILABLE FOR BUYERS TO USE?

Accepted Answer

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.

Question 5

DO BUYERS INCUR ANY ADDITIONAL FEES WHEN MAKING PAYMENTS WITH CRYPTOCURRENCY?

Accepted Answer

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.

Question 6

IS IT POSSIBLE TO SPLIT THE PAYMENT BETWEEN CASH, CREDIT CARDS, DEBIT CARDS AND CRYPTOCURRENCY?

Accepted Answer

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.

Question 7

IS IT POSSIBLE TO USE CRYPTOCURRENCY FOR THE DOWN PAYMENT AND FINANCE THE REMAINDER OF THE HOME PURCHASE?

Accepted Answer

Absolutely. Qualified buyers have the opportunity to finance up to 100% of their purchase amount while using cryptocurrency for the down payment.

Question 8

IS IT POSSIBLE TO PAY THE DEPOSIT USING CRYPTOCURRENCY? AND, IN THE EVENT OF NOT COMPLETING THE PURCHASE, WILL THE DEPOSIT BE REFUNDED IN CRYPTOCURRENCY?

Accepted Answer

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.

Question 9

IS IT POSSIBLE TO PAY MAINTENANCE FEES WITH CRYPTOCURRENCY?

Accepted Answer

Yes, HOTELA allows you to pay maintenance fees with Crypto currency..

Question 10

IF I DECIDE TO SELL MY HOTELA PROPERTY, CAN I RECEIVE PAYMENT IN CRYPTOCURRENCY?

Accepted Answer

No. Any co-ownership sales facilitated by HOTELA will be settled in the currency where your second home is located, and not in cryptocurrency.

Question 11

CAN PAYING WITH CRYPTOCURRENCY HAVE AN IMPACT ON MY TAXES?

Accepted Answer

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.

Question 12

CAN I TRUST BITPAY AS A RELIABLE PAYMENT PLATFORM?

Accepted Answer

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

Question 13

HOW SECURE IS MY CRYPTOCURRENCY WALLET, AND WHAT MEASURES ARE IN PLACE TO PROTECT IT AGAINST THEFT?

Accepted Answer

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-

Question 14

WHAT IS THE REASON BEHIND HOTELA'S INTEREST IN CRYPTOCURRENCY?

Accepted Answer

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.

Question 15

HAVE ANY OTHER REAL ESTATE MARKETPLACES ACCEPTED CRYPTOCURRENCIES BEFORE HOTELA?

Accepted Answer

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.

Cryptocurrency

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