PHOTO: The luxury home features this impressive lap pool. (Source:

More than 200 people have turned out to watch the world’s first live cryptocurrency house auction on the east coast of Australia.

The property just fell short of the reserve, however those involved in the process say the robust bidding showed there was support for the innovative approach to selling real estate.

How it unfolded

  • The auction began with James Pratt from James Pratt Auctions taking the first bid of 40,000 Binance tokens (BNB).
  • There was then a bid of 50,000 BNB, before Mr Pratt took cash offers to $1.5 million (or 205 BTC)
  • The bidding closed at $3.4m (or 457 BTC) and the property was passed in.