Your journey begins with a focused and confidential consultation to ensure a seamless transaction. To start, you will determine the exact amount of cryptocurrency (whether it's Bitcoin, Ethereum, USDT, USDC, or another major asset) you wish to convert into U.S. Dollars for your real estate purchase. Once the amount is set, you will provide us with the essential transaction details, including the name of the property, the seller or escrow/title company handling the closing, and their corresponding wire transfer instructions. This initial step is critical as it allows our dedicated compliance and finance teams to immediately review your specific needs, verify all parties involved for security purposes, and prepare a personalized conversion strategy tailored to the real estate timeline. We treat every detail with the utmost privacy and confidentiality, ensuring that we have a clear, compliant, and efficient path forward before any funds are moved. The process begins by onboarding the customer, collecting & verifying their identity documents to meet Know Your Customer (KYC) standards.
Once your transaction details are confirmed and the conversion strategy is in place, the next step is the secure transfer of your digital assets. You will be instructed to move your specified amount of Bitcoin, Ethereum, USDT, USDC, or other supported cryptocurrencies into our digital wallet. This platform operates under strict regulatory guidelines and utilizes industry-leading security protocols, including multi-signature (Multi-sig) technology and advanced encryption, to protect your funds immediately upon receipt. All deposits are monitored & analyzed for suspicious activity using blockchain analytics. We prioritize the integrity of your assets, ensuring the transfer process is both compliant and fully auditable, providing you with complete transparency and peace of mind that your cryptocurrency is held securely before its rapid conversion into U.S. Dollars.
Following the secure transfer and confirmation of your cryptocurrency, the critical conversion process begins. Automated systems & compliance officers screen the transaction flow for anti-money laundering (AML) risks. We convert your digital assets—be it Bitcoin, Ethereum, or stablecoins—into U.S. Dollars using real-time, competitive exchange rates. Our proprietary technology and strategic liquidity partnerships ensure that this conversion is executed with speed and precision, minimizing any market risk associated with price fluctuations. This immediate process allows us to quickly stabilize the value of your funds, ensuring the final dollar amount is locked in for the property transaction. We provide full transparency on the conversion rate and any associated fees, guaranteeing that the maximum possible value is prepared for the final step.
Once AML checks are satisfied, USD is disbursed to the customer’s linked bank account or payout method—most commonly the Escrow Agent, Title Company, or the Seller's Attorney—as specified in your initial consultation. The platform keeps complete records of all KYC documents, blockchain transaction details, fiat disbursement, & compliance reviews for audit and regulatory obligations. The funds are delivered ready to be used for your property purchase or any other financial need you specified, ensuring a timely and successful closing. We provide full confirmation and receipts for the transfer, offering absolute assurance that your crypto transaction has culminated in a fast, compliant, and successful fiat payment.
Trusted Crypto-to-Cash Solutions in Florida
Trusted by buyers, investors, and agents across Florida, Moneytka delivers licensed, secure, and seamless crypto-to-cash conversions.
To purchase real estate in Florida with cryptocurrency, you must use a licensed money transmitter that converts your crypto to U.S. dollars and transfers the funds to your escrow or title company. This remains the standard approach since most sellers require payment in U.S. dollars. Licensed money transmitters in Florida are authorized to handle this conversion process safely and in compliance with state regulations.
Using cryptocurrency to purchase real estate triggers a taxable event with the IRS. When you sell or exchange your cryptocurrency, you become responsible for reporting capital gains or losses to tax authorities. Moneytka does NOT report your cryptocurrency purchase or transaction to the IRS, as tax reporting is YOUR responsibility as the individual taxpayer. However, Moneytka maintains complete records of all KYC documents, blockchain transaction details, fiat disbursement records, and compliance reviews for 5 years, which you can use to support your tax filings and meet any audit or regulatory obligations.
When using a cryptocurrency conversion platform for real estate closings, the buyer initiates payment directly from their own digital wallet. The platform converts the cryptocurrency to U.S. dollars at the prevailing market rate and transfers the fiat proceeds via domestic wire to the licensed escrow or title company handling the closing.
The title company holds the U.S. dollars in escrow until all contractual conditions are met, and disburses the funds in accordance with standard closing instructions.
This structure protects all parties from cryptocurrency price volatility, since the seller receives settlement funds in U.S. dollars only. The conversion platform does not hold or custody client funds beyond what is necessary to complete the conversion and transmission.
All parties to the transaction undergo standard KYC and source-of-funds verification in accordance with federal AML requirements. Full conversion receipts and transaction records are provided to both the buyer and escrow agent for transparency.
This approach ensures that the digital asset conversion process is compliant, traceable, and isolated from the regulated escrow function—protecting consumers and maintaining the integrity of the closing process.
Moneytka converts the buyer’s cryptocurrency to U.S. dollars and sends those dollars by domestic wire to the licensed title/escrow company per the closing instructions. We do not act as the escrow agent, and we do not disburse settlement funds. Moneytka is registered with FinCEN as a Money Services Business (MSB) and maintain a written, BSA-compliant AML program.
We are currently applying for our Money Transmitters License from the Florida Office of Financial Regulation, and will not perform any transactions until our license is secured.
We require the following information from our clients prior to performing transactions:
– Government-issued ID, selfie/biometric match as applicable, and residency checks.
– Source-of-funds and source-of-wealth documentation for purchase funds.
– Sending wallet address
We use this information to perform OFAC screening for all customers and perform blockchain forensics on sending addresses (sanctions/illicit exposure screening). Full transaction receipts are provided to the buyer and the escrow agent, including the crypto conversion rate and the USD amount.
Fees: We disclose all fees (network fees, spread, and wire fees) upfront.
Refunds & failed closings: If a closing is delayed or cancelled, funds remain in escrow or are returned pursuant to written escrow instructions; crypto refunds (if applicable) are explained, including timing and any fees.
No rehypothecation: We do not lend or use client funds for any purpose other than the conversion and wire tied to the closing.
Data security: We protect KYC data using industry-standard security and limit sharing to what’s required for compliance and the transaction.
We retain transaction, KYC, screening, and receipt records for required periods and make them available to regulators upon lawful request.
We conduct periodic independent AML testing and employee training.
Most traditional mortgage lenders currently require that cryptocurrency be converted to U.S. dollars before it can be used for qualifying purposes. According to Fannie Mae and Freddie Mac guidelines, borrowers must sell their virtual currency into USD and hold the funds in a U.S. or state-regulated financial institution prior to loan closing. Documented evidence showing the conversion and current USD balance in a bank account is required.
Florida has specialized escrow and title companies that handle cryptocurrency real estate transactions and can significantly streamline the process. When selecting a title or escrow company, verify that they have experience with crypto transactions and understand blockchain technology. Many now offer real-time transaction tracking and blockchain-recorded deeds that provide an additional layer of security beyond traditional county recordings.
