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Buy Your Next Yacht With Crypto

United Yacht Sales is excited to partner with ForumPay, a leading global cryptocurrency payment technology provider, to offer our clients the ability to pay for their next boat or yacht 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.

WHAT IS THE FIRST STEP TO BUY A YACHT WITH CRYPTO?

After determining your needs and budget for your next boat, our team of expert yacht brokers will find the best opportunities for you both on and off the market. After finding the perfect yacht, you can ask your broker to pay with crypto. Your broker will let our accounting team know of the request. Both your deposit and any other payments can be made entirely in crypto with ForumPay's technology.

HOW TO BUY A YACHT WITH CRYPTO

Once you find the perfect yacht, you will be able to pay directly from the wallet of your choice. You will be presented with the total amount in fiat currency and you will then be able to choose the cryptocurrency you wish to pay with. We currently accept Bitcoin, Ether, Litecoin, Bitcoin Cash, DASH or XRP. The total amount to pay in crypto will be presented to you at the time of purchase and it will be updated in real time. ForumPa's proprietary replicator technology scans the order books of the other major exchanges to ensure that you are offered the best available execution rate for your crypto, at the moment the transaction takes place. If you are happy with the conversion rate, you can confirm the payment.

IS THERE A FEE TO PAYING WITH CRYPTO?

If you want to purchase a yacht using your favorite cryptocurrency there is a fee associated with using ForumPay. This fee varies based on the purchase price of the boat and is added to the price. In the event the buyer backs out of the deal, the buyer assumes the risks of the changing conversion rate.

Example Of Payment Process Using Crypto

Contact Us About Buying A Boat With Crypto

Fill out the form below and one of our specialists will get back to you..

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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, this new 144-foot superyacht has a glassed-in dining room with ocean views.

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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.

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.”

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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• cryptocurrency

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How To Buy A Yacht With Bitcoin

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.

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.

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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Buy a Yacht with Cryptocurrency

Cryptocurrency is a digital or virtual form of currency that uses cryptography for security. It operates on a technology called blockchain, which is a decentralized and distributed ledger that records all transactions. Some businesses and yacht sellers have started accepting cryptocurrencies as a form of payment due to its increasing popularity and the potential benefits they offer.

Cryptocurrency – Yacht Sales, Charters & New Yacht Construction

The acceptance of cryptocurrency (aka: crypto) by yachting companies and yacht sellers and buyers can vary widely. Some may only accept digital currency for specific circumstances. Some of the reasons for accepting cryptocurrencies include lower transaction fees, international accessibility, and potential for innovation. Talk to Justin Blue (Tel: +1 954-952-2190) or email Justin at YachtsBlue about buying a yacht with a digital currency. Justin can help shed light on the yacht markets and the use of crypto currency with a yacht sale , yacht charter or new yacht construction .

Cryptocurrency Acceptance & Digital Currency Types You May Encounter in a Yacht Sale or Charter *

• Bitcoin (BTC): Bitcoin is the first and most well-known cryptocurrency. Many businesses, including some yacht sales companies, accept Bitcoin as a form of payment. It’s known for its store of value and is often used for large transactions due to its high market capitalization.
• Ethereum (ETH): Ethereum is a blockchain platform known for its smart contract functionality. Some businesses accept Ether, Ethereum’s native cryptocurrency, for transactions. It’s often used for more complex agreements and applications.
• Ripple (XRP): Ripple is a digital payment protocol that aims to facilitate cross-border transactions. Some companies involved in international trade, including yacht sales, use XRP for its quick and cost-effective cross-border transfers.
• Litecoin (LTC): Litecoin is often considered as a faster and cheaper alternative to Bitcoin. Some businesses accept Litecoin as a payment option due to its efficiency in smaller transactions.
• Bitcoin Cash (BCH): Bitcoin Cash is a fork of Bitcoin that offers faster and cheaper transactions. Some businesses prefer to accept Bitcoin Cash for its ease of use and low fees.
• Cardano (ADA): Cardano is a blockchain platform known for its focus on sustainability and scalability. Some businesses are beginning to accept ADA as it gains popularity and usability.
• Chainlink (LINK): Chainlink is a cryptocurrency associated with providing decentralized oracles to smart contracts. Some businesses in the blockchain and DeFi space might accept LINK for specific services.
• Polkadot (DOT): Polkadot is a blockchain platform that connects multiple blockchains. While it’s not as commonly accepted as Bitcoin or Ethereum, some tech-savvy businesses might accept DOT.
• Stellar (XLM): Stellar is a blockchain platform designed for cross-border payments and asset tokenization. Yacht sales companies that operate internationally might consider XLM for transactions.
• Binance Coin (BNB): Binance Coin is associated with the Binance cryptocurrency exchange. Some businesses, particularly in the crypto space, might accept BNB.

Accepting cryptocurrencies can have advantages, such as lower transaction fees, quicker international transactions, and access to a global customer base. However, transactions and trading in cryptocurrencies can also come with risks, including price volatility and regulatory uncertainties. It is essential to carefully consider the benefits and potential drawbacks and to ensure compliance with local regulations.

Contact Justin Blue to discuss how you may use cryptocurrency within a yacht transaction and how YachtsBlue can work with a buyer, seller boat builder or yacht charter in the use of digital currencies.

• * This is not an endorsement of cryptocurrency or any digital currency specifically and does not represent an assurance that any sale, charter or transaction of any type, can or will accept any form of digital currency.
• The Bitcoin and cryptocurrency photo is attributed to Zach Copley

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

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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• 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. 

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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Denison Accepts Bitcoin for Yacht Sales, Charters

Denison Yacht Sales says it now will accept Bitcoin and other cryptocurrencies as payment for yacht sales and charters. Denison made the decision after several clients asked to pay in cryptocurrencies.

“Bitcoin does a lot of things that are really unique on terms of efficiencies,” said Bob Denison, the president of Denison Yacht Sales. “One of them was privacy and security for the person that owns the Bitcoin currency. It allows buyers to send money any day at any time of day, so there are no physical restrictions, like a bank not being open.”

He said that Bitcoin “just added a huge value to people that wanted to buy boats outside of the United States, and it became really cool for people who wanted to sell their boats to international clients.”

Denison already has a multi-currency account that accepts about a dozen foreign currencies, including euros, Japanese yen and British pounds. Denison says it was the first yacht brokerage firm to accept Bitcoin as payment for sales and charters, and to accept cryptocurrency without a limit.

In addition to Bitcoin, Denison accepts other major cryptocurrencies, including Ether and Dogecoin. Denison uses Bitpay to facilitate crypto transactions.

The blockchain network makes Bitcoin payments untraceable, a big advantage for people who want to keep their transactions and travel private. Bitcoin transactions also take just a few seconds to process; there’s no waiting for bank approval.

One caveat: If you’re on charter, it’s a good idea to tip the crew in cash, not crypto. Read more:

https://www.denisonyachtsales.com/use-bitcoin-to-buy-your-next-yacht/

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Harbor pilots can make $434,000 a year, face high fatality rates, and are responsible for guiding hulking cargo ships into ports

• Harbor pilots are among the highest-paid city employees but it's a risky job.
• The local pilots bring a ship in from miles out at sea to within inches of the port's pier.
• Christopher Mims breaks down how packages arrive at your door within a matter of days in his book, "Arriving Today."

Harbor pilots have one of the highest-paid — but simultaneously riskiest — jobs in the transportation industry.

The average harbor pilot at the Port of Los Angeles makes $434,000 a year, but also faces a one in 20 chance of dying on the job, according to a book from The Wall Street Journal's Christopher Mims that was published in 2021. The book, "Arriving Today: From Factory to Front Door — Why Everything Has Changed About How and What We Buy," breaks down the complicated dance that brings a shipment from Asia to US buyers in a matter of days.

Harbor pilots are some of the highest-paid municipal employees and represent a crucial part of a shipment's journey. The average marine pilot in the US makes between $154,000 to $285,000 in total annual compensation, according to GlassDoor.

Any cargo ship looking to come into a port must pay local pilots to safely bring the ship in to dock. The role is highly risky, as the pilots face the dangers of being run over by a massive cargo ship, pitched overboard in rough waters, or slammed between two boats. 

"Despite happening a thousand times a day all across the globe, despite myriad safety precautions, if you're a harbor pilot, doing your job can kill you," Mims writes.

Related stories

The job is also incredibly high stakes and requires hyper-specialized skills. The pilot is responsible for vessels that can weigh over 200,000 tonnes and be worth over $100 million. A harbor pilot brings a ship in from miles out at sea to within mere inches of its unloading spot alongside the pier. 

The harbor pilot first approaches the massive skyscraper-sized cargo ship from a 55-foot long speedboat, according to Mims, who described how LA port harbor pilot Captain John Betz maneuvered the Netherlands, a Chinese-owned ship from Cosco Shipping Lines. From the speedboat, the pilot must climb a rope ladder onto the freighter — often while both boats are pitching in opposite directions. The move represents one of the most dangerous moments during the entire process.

"I've been chased up the ladder by the boat," Craig Flinn, another harbor pilot, tells Mims. "The percentage of survival is minimal if you go in the water in heavy seas, even with a life vest," he said.

Once aboard the freighter, Mims explains the pilot is given a sheet detailing every little element of the ship and the obstacles it faces on its course into port. Without touching a single control on the ship, Betz directs every movement of the Netherlands via verbal commands to the crew by using his iPad, a combination of GPS and navigational beacons, the ship's onboard automated system, as well as his own judgement. The pilot also directs the crew operating the tugboats that attach to each side of the ship as it comes into the port.

Once the vessel is close enough, the freighter is maneuvered predominantly using its residual momentum and the slow pull of the tugboats.

Mims calls the final steps of turning the hulking ship into its spot on the pier "the equivalent of a stunt driver parallel parking a car in a spot that's just long enough for it, after coming in at high speed, throwing over the wheel, and skidding sideways to within an inch of the curb, tires smoking."

A harbor pilot's job is complete once the ship is safely tucked away in its berth. Ultimately, harbor pilots represent a little-known, but crucial part of the supply chain. Around 90% of US goods arrive by ship. 

Read Mims' book to learn more about the intersection between technology and manpower that fuels the global supply chain and brings everyday goods to customers' doors.

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