Well you have the right to your opinion no matter how wrong it is.
Andy
Iām sure Iām just a big dunderhead. Can you please show me how to buy a Tesla vehicle with Dogecoin? The FAQ clearly says thatās impossible, but you are adamant the FAQ is mistaken.
Forget about cars for the moment, I canāt figure out how to buy so much as T-shirt using Dogecoin on the Tesla website. So maybe just walk us through the steps and show us how to buy a car using Dogecoin. Take a couple screenshots. Should take only one or two minutes max to get us pointed in the right direction.
P.S. Iāve seen this movie before and I know how it turns out. Youāre too busy to look into it, BUT if you did youād be right, blah, blah, blah.
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Have you called Tesla and told them you wanted to buy one with Dogecoin? That is what I would do if I was so sure I was right.
Ditto. See what I did there Syke.
Andy
Tesla, the electric car giant led by billionaire Elon Musk, has decided to drop Bitcoin as a payment option. However, in a twist that left many in the crypto scene puzzled, the company has retained Dogecoin (DOGE) in its list of accepted digital currencies.Jul 26, 2023
Can I buy a Tesla car with Dogecoin?
Tesla only accepts Dogecoin. Tesla cannot receive or detect any other digital assets. Ensure you are making your purchase with Dogecoin. Sending any other digital assets may result in the assets being lost or destroyed.
Tesla says to look for the dogecoin symbol next to the order button
none there
https://www.tesla.com/models/design#payment
Andy, I think we are only talking about merchandise for Dogecoin.
Can I pay for a car with crypto?
Ferrari will now let you pay for your new car with crypto, and the brand is expanding the service to Europe at the request of wealthy customers. Ferrari customers in the U.S. can now purchase new vehicles like the Purosangue crossover using Bitcoin and Ether.2 days ago
https://www.techopedia.com/cryptocurrency/what-can-you-buy-with-dogecoin
Cars
Luxury cars are just one of the many products available for purchase using Dogecoin on Crypto Emporium. There are a number of makes and models offered, and searching on the site is easy with numerous filters like model, mileage, and price. High-end brands like BMW, Aston Martin, Rolls-Royce, and more are featured.
If youāre wondering how to spend Dogecoin and love classic cars, the site has an entire section for luxury classic car enthusiasts. This includes a 1960 Aston Martin DB4 Series II available for purchase for $1.1 million. Other classics include a 1971 Volvo 1800 E, a 1973 VW T2 Bay Window Camper, and a 1990 Ferrari F40, to name a few.
here we goā¦Andy is right @buynholdisdead
this is a list of car brands going for Dogecoin
but they are used carsā¦LOL
But if you read the fine print, while you technically can pay with crypto, only dirty fiat ever lands in Ferrariās bank account. The transactions are part crypto, part fiat, with the disadvantages of both.
Ferrari has turned to one of the biggest cryptocurrency payment processors, BitPay, for the initial phase in the U.S., and will allow transactions in bitcoin, ether and USDC, one of the largest so-called stablecoins.
Bitpay will immediately turn cryptocurrency payments into traditional currency on behalf of Ferrariās dealers, so they are protected from price swings.
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That is exactly how money works. Companies exchange the money all the time. No matter what money it is. I pay in Peso, they exchange it to USD. The important part is that they accept Bitcoin for payment.
Andy
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By converting it to USD and paying whatever skim is required to do so. Which is to say, you are paying for the conversion, hidden within the transaction, so, āvictoryā, I guess?
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Why do you assume you are paying any skim?
Andy
So there are no conversion, trading, or withdrawal fees at all?
Pete
And apparently you assume that bitpay processes payments and does conversions for free.
If Ferrari wants exactly $200k for their vehicle, and the purchaser wants to purchase that vehicle via bitpay, it is highly likely that bitpay will need to receive enough crypto from the customer to send $200k to Ferrari and to pay for the conversion costs and to pay for their processing expenses and to earn somewhat of a profit. So it is very likely to be higher than $200k value of crypto being transferred.
If you use an Amex card to purchase that car, you will probably pay 3% extra. So $206k or so. Same here.
I really donāt know Pete but I would assume it would be the same with Fiat money. Like the exchange from USD to Euro. But that conversion would be done by Ferrari, not me, so why would I care. As far as withdrawal fees it is sitting in your hardware wallet and you just send it to Ferrari, so no withdrawal fees. Trading? You are not trading it, you are buying an item, open your wallet and hand them the bitcoin.
So now Bitcoin is a credit card? Sounds illogical.
Andy
For those trying to avoid paying taxes on their crypto gains, it is (and letās be honest, that is all this is really about - tax avoidance).
The cost is the gas for the exchange. The issue for luxury cars can be people leaving a place like China that want to travel light with a lot of money. Same for Russians. The gas would be less than the fees for using a credit card but would accrue to the BTC holder or Dogecoin holder, not the auto sales team.
When someone transfers bitcoin to bitpay, it is equivalent to a āsaleā of bitcoin, and the difference between the price on that day and the basis is taxable income. I bet the sales receipt from Ferrari shows the price in US$ (for US sales) so the vehicle can be registered and sales tax properly remitted.
The only illogical part is paying $206k for a car when you normally would pay $200k for it. Perhaps using bitpay itāll be similar. According to their website, they charge (the merchant, but that isnāt relevant as explained above) 2% + 25 cents for monthly transactions under $500k. But thereās still the cost of the ābid/ask differentialā on the crypto being sold to be accounted for. They also have an odd footnote saying ā*Higher fees applicable for high-risk industriesā.
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No the illogical part is assuming that bitcoin is like a credit card. I really donāt care if it does cost any fees. But for anyone buying a Ferrari , any fees are the cost of doing business and is really De minimus What i do like is that Ferrari accepts bitcoin. Just another company that is dealing in digital currency like Tesla. The more companies that deal in it the more entrenched it becomes.
Andy
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Does that hold for all countries? Not everyone that buys a Ferrari is from the US.
@MarkR There would not be a $6k gas fee. More like $200 to $700, the auction market can swing widely. The cost to the auto dealership if it was on a credit card would be over $5k.
This would be about traveling light with crypto.
There are two fees. One is the network fee, which the miners charge for moving crypto from your wallet to Bitpayās wallet. That fee is variable based on network congestion and type of crypto. Like you say, thatās probably on the order of a few hundred bucks. Next Bitpay charges a transaction fee to covert your (now their) crypto to fiat and and then fiat to the merchant. The latter fee is the one weāre talking about and it is typically a few percent of the transaction.
Somebody is paying those fees. By contrast, an ACH payment would cost like $0.50.
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Yes but if it is like you guys think, that crypto is funny money, than the person that is paying with crypto is way a head of the people paying with fiat money. After all crypto isnāt real. 
Andy