Yours for 18 Bitcoins (Picture: Google Maps)

Global Bitcoin users have been given the chance to buy a house with their crypto-currency but there is one snag – it is in Grimsby.

Sean Atkinson is offering his humble abode for 18 Bitcoin (£81, 305) and is even giving the property a lick of paint to attract potential buyers.

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The 49-year-old had the idea after seeing several high-end properties selling for Bitcoins.

He said: ‘Why not a terraced house in Grimsby?’


The freelance artist, who advertised his house on his website, thinks Bitcoin is a better bet than having his money tied up in Sterling.

This brand new house Colchester, Essex, is for sale at 82.55 Bitcoin (Picture: Cascade News)

He said: ‘For me it seems like a much better longer term investment. Unfortunately, I can’t do the entire sale in Bitcoin, due to the process I have to go through with my with solicitor, which means there is also a cash payment required of £100.’



He added: ‘It’s been a family home and a shared house lived in by several artists. We are currently making it magnolia and white ready for new owners although get in touch quick if you want any of the wall and ceiling art leaving.’

Last week Metro.co.uk reported the first house in the UK to be put up for sale for Bitcoin, but that was by a company.

Mr Atkinson is believed to be the first private seller to request payment in the currency.

The value of Bitcoin has rocketed in the last year with its value rising by 600 per cent. When the currency was launched in 2009 a single Bitcoin was valued at a quarter-of-a-cent (less than 5p), now one is worth over $2,200 (£1675.75).

Bitcoin allows owners to pay without transaction fees or needing to use banks – and with anonymity.

There have been warnings the continued rise of Bitcoin’s value is unsustainable.

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