From NFTs to Bitcoin and Ethereum, digital coins and tokens have become increasingly popular and mainstream investments. Far removed from the creation of the first decentralized cryptocurrency in 2009, digital currency is now easy to acquire and widely recognized. What is not so clear-cut, however, are the proper procedures for making traditional purchases with this asset class.

For anyone looking to buy or sell real estate in Florida using cryptocurrency, it’s imperative that they first equip themselves with up-to-date knowledge on current requirements and the right professional guidance. By exercising due diligence before any crypto changes hands, mishandled transactions and the potential for problematic consequences can be avoided altogether. Lack of knowledge can’t be used as an excuse—the IRS certainly won’t accept that when they’re looking into why payments weren’t properly reported or taxed.