I have appraised enough tech businesses in 2017 to cave in to their requests of accepting Bitcoin

It is a bit of a hassle to convert it back to cash, and it is clearly a gamble to hold on to it.  However, I would rather accept it than miss out on a potential client.  Plus the added benefit to me is that I get to diversify my client portfolio while really increasing the risk of my investment portfolio.  A win/win?  Probably not, but I would rather make this change than move on and look like a dinosaur.

The transactional fees involved in purchasing things in bitcoin are high and the confirmation times are long.  Not good if you are trying to buy gas or pick up a sandwich.  However, appraisals take time, and I already pay high transaction fees to use Square as my credit card processing company.  So if you find that you are in need of an appraisal and you are sitting on some Bitcoin investments, I’ll accept them for the usual fee.  I’ll eat those transactional costs, just like I do with my credit card paying customers.

If you decide to jump on the crypto bandwagon, make sure you keep it safe with a wallet like the Ledger Nano.

I also accept Bitcoin Cash, which is similar, but has lower fees and faster transactions.  Contact me to go over the details.