You can use Bitcoin and other cryptocurrencies to buy or sell a home; here’s what to know

DENVER – As Bitcoin and other digital currencies have entered the mainstream in the past few years, more people are starting to use their virtual money to buy real-world products, including real estate.

Because digital currencies – called cryptocurrencies – are still a relatively novel concept to those outside the technology sector, they’re more common in expensive coastal markets like Los Angeles and Miami that see a lot of investment from international buyers, according to Wendy Forsythe, the chief operating officer of real estate brokerage firm HomeSmart.

Forsythe said her company has been monitoring the cryptocurrency trend closely but so far, they’ve only seen a handful of Bitcoin transactions.

“It’s not even a piece of the market at this point,” Forsythe said, since there so few people with enough cryptocurrency to buy a home, but…