Welcome to 420 Expert Adviser! Bitcoin is becoming a popular choice to make discreet transactions. Buying cannabis seeds is one of them. Read this article to know everything about how to buy marijuana seeds with Bitcoins.
You may have noticed a bitcoin option when checking out of a marijuana seed bank website and wondered what it’s for.
In this article, we’re going to explain exactly what bitcoin is and how people are using bitcoin as their preferred payment alternative to purchasing cannabis seeds. Our experts have also listed the top ten marijuana seed banks that accept bitcoin as a payment mode to save your time and efforts.
When it comes to purchasing sensitive items like marijuana seeds, it is highly prescribed to do this as discreetly and anonymously as possible to raise the least measure of suspicion from banks and authorities.
Fortunately, cryptocurrencies are so cutting-edge that anybody can get them and then use them to make discreet purchases. Bitcoin is the most versatile cryptocurrency around.
But what is Bitcoin? Let’s see!
What is Bitcoin?
Bitcoin is a decentralized, shared cryptocurrency system designed to allow online users to process transactions through digital units of exchange called Bitcoins (BTC).
It’s just similar to sending an email; there is nobody in the core. Over $500 Million worth of transactions is done every day securely on the bitcoin network.
It is presently effortless to purchase bitcoins through Card or Bank Transfer. Using Bitcoin Made Easy, you can locate a bitcoin exchange that accepts payment by credit or debit card, making the process quick and easy.
Cannabis seed collectors value their security, and using bitcoin means that nobody but you and the seller realizes what you are buying. This is one of the main reasons why bitcoin is the perfect payment alternative for cannabis seeds.
How Bitcoin Works?
Bitcoin is a cryptocurrency. It means it’s supported by a source code that uses highly complex algorithms to prevent unauthorized duplication or production of bitcoin units.
The code’s underlying essence, known as cryptography, is based on cutting-edge mathematical and PC engineering policies.
It is virtually not possible to break Bitcoin’s source code and control the currency’s supply.
Although other virtual currencies preceded it, bitcoin is known as the first modern cryptocurrency. This is because bitcoin is the first to blend certain key features shared by most subsequently made cryptocurrencies.
What is a Bitcoin Wallet?
Well, in simple words, you can think of a bitcoin wallet as the usual leather wallet that you or your wife uses to put some cash, credit cards, and so on. Therefore, the bitcoin wallet address is an account over the internet that the owner uses to receive, send, and transact cash in terms of bitcoins.
Others also use it to store their cash with the possibility that the value may go higher. Thus, it is also an ideal means to stockpile money for the long-term.
When a person buys bitcoins, it goes into their bitcoin wallet. When they purchase things using bitcoins, the bitcoins are then taken out of the bitcoin wallet accordingly to complete the transaction to make a purchase.
To make this process easy for you, we will explain how you can make a Coinbase account to get started. A Coinbase account is a kind of bitcoin wallet. Many people use Coinbase worldwide to make bitcoin transactions execute smoothly in international business. Watch the following video to understand Coinbase!
What Makes Bitcoin the Best Option for Buying Marijuana Seeds?
Since there is a major issue upon the legal procurement because federal law hinders the companies from having a bank account, bitcoin marijuana turned into the best answer for the legal weed acquisition. It doesn’t expect you to have a bank account.
So, you will have a comfortable and secure online payment method when you buy marijuana seeds with bitcoin.
But, you may ask, why is it the best alternative for getting weed seeds, or how easy is the bitcoin marijuana transaction? So here we’ve got your answers:
You will have the option to get started even without understanding the entire specialized details, for you might be needing the basic knowledge as a new user.
In creating your first address or even more as you expected to, the first thing to do is to install a bitcoin wallet on your smartphone or PC.
You may disclose your address for you to make the payment or vice versa. Doing a bitcoin marijuana transaction gives you similar means on how usual emails work but with an exclusion that the system uses your bitcoin address for one time as it were.
Where the whole bitcoin relies upon, shared, the public ledger is about the blockchain. Here, all your confirmed bitcoin cannabis transactions will be included.
Through this, your balances will stay in control, and the bitcoin wallet can easily verify the newer transactions.
And there is the existence of cryptography where the chronological order and the integrity of the blockchain are being imposed. This means you have better records if you are going to purchase marijuana with bitcoin.
Another blockchain will involve the transfer of the value between the bitcoin wallets called a transaction. Here, the bitcoin wallets keep a hidden key and are the secret information piece that is used to give mathematical proof and sign transactions coming from the owner’s wallet.
Also, the signature highlight will assist you in preventing any issue on your bitcoin cannabis transactions. Plus, all your bitcoin marijuana deals are being broadcast between the users.
When you buy marijuana seeds with bitcoin, a distributed consensus system called mining does the work to confirm your transactions.
Through the enforcement of the block chain’s chronological order and security of the neutrality of the network, and prevention of easy adding of newer blocks to the blockchains, nobody can have the authority of the included blockchain or even replace any of the block chain’s pieces.
With this, you will feel safe about your funds and transactions when you purchase cannabis seeds with bitcoin.
How to Buy Marijuana Seeds with Bitcoin?
What if we tell you how you could use to purchase cannabis seeds so that nobody could interpret any of your details?
The process is relatively easy. You will first need to make your bitcoin wallet. This will eventually empower you to prop up in the manner you will have initiated the process of getting your cannabis seeds using bitcoin.
Secondly, you have to fund that same wallet using your preferred currency. This procedure is hassle-free, and depending on the organization that you will esteem fit to buy marijuana seeds with bitcoin, it’ll take a few minutes to get going.
When you have some bitcoin currency in your wallet, voilà! You can start buying right away.
When you send bitcoins from your wallet address, the sum gets deducted from your wallet. In practicality, let’s say you would like to buy marijuana seeds with bitcoins from ILGM seed bank. Click Here to know how to pay with Bitcoin!
Why Should You Buy Marijuana Seeds with Bitcoin?
Bitcoins could give the marijuana industry an easy-to-use choice to cash, and weed could give bitcoins public appeal so they can say goodbye to Silk Road and hi to Main Street.
Here are the main reasons why cannabis and Bitcoins are perfect for one another:
Bitcoin Payments are Mostly Anonymous
If you don’t need your bank or any other individual poking their nose around in your personal business, bitcoins are a smart choice.
Bitcoin transactions are just connected to the wallets they pass through. As long as you don’t connect your wallet to your genuine identity, payments are pretty much anonymous.
Wallets are free, so if you’re especially suspicious, you can make a new wallet with every transaction.
The Bitcoin Network is Safe and Secure
Like any type of currency, you should work out how to protect your bitcoins, but you don’t need to worry about disclosing your identity or credit card misrepresentation while using cryptocurrency.
As long as your wallet remains safe, it’s almost impossible for anybody to steal your bitcoins. They’re entirely encoded, and most wallets require a 2-stage authentication to transfer funds.
For most extreme protection, store your bitcoins in different wallets, including one that is equipment based.
You Can Get Big Discounts for Using Bitcoins
Whether you’re buying a cured bud that is prepared to smoke or ordering cannabis seeds with bitcoins, you can save big.
A new San Francisco delivery organization named Trees will give you 40% off ordering your smoke through their services. Additionally, many seed banks offer free seeds when you pay using bitcoins.
International Payments are Cheap and Instant
When you pay with bitcoins, the network just charges a small transaction fee, and the beneficiary can check the coins in their bitcoin wallet within seconds.
Credit card payments are quick, too, unless the purchase triggers an extortion caution or you’re not pre-authorized for international transactions.
Fees vary from nothing to 10% of your charge if you go through a network your card organization doesn’t care for, and there’s no real way to know before you purchase.
Transfer cash or making a bank transfer for an international order can be tedious and expensive, too. International bank transfers sometimes need an in-person visit to a local office, fees can surpass $40. It might take anywhere from a couple of hours to several days for your payment to show up.
With cash, you’ll have no clue about when, or if, it will show up unless you pay for the upcharge for identifiable international mail.
No Big Buddies Watching Over Your Shoulder
Because bitcoins are decentralized and open source, any one group or country can not control them. That means nobody can mention to you what you can purchase or who you can get it from.
And, you won’t need to call your bank to get permission to spend your own money in a foreign country when you buy marijuana seeds with bitcoins.
Cannabis Could Make Bitcoins More Accessible
More users would use bitcoins if they were easier to get. You can get them on sites like Localbitcoins, Coinbase, and Circle, but the new Bitcoin ATMs promise to make it very simple to top off your wallet.
So far, there are two areas where you’re most liable to see a bitcoin ATM. One is in major cities with numerous educated residents and in states that have legalized cannabis.
Many, but not all, cannabis dispensaries offer bitcoin ATMs in these states. As legalization spreads and more cannabis dispensaries open, it could bring new opportunities for more bitcoin ATMs and more public access to cryptocurrency for the general public.
Cash still rules the cannabis industry, whether it’s legal or not in a specific region. However, bitcoins may provide a safer option in contrast to both online and offline sales in the not so distant future.
What are the Risks in Buying Marijuana Seeds with Bitcoin?
No Chargebacks or Refunds
Probably the biggest downside of bitcoin is an absence of a standardized policy for chargebacks or returns, as all credit card firms and traditional online payment processors have.
Users influenced by transaction misrepresentation – for instance, they purchase goods that the seller never delivers – can’t request a discount through bitcoin.
In fact, bitcoin’s decentralized structure makes it impossible for any single gathering to arbitrate disputes between users. While miners take responsibility for recording transactions, they’re not qualified to assess their legitimacy.
Cryptocurrency is technology-based, which means this service is open to cyberattacks. Hacking is a dangerous risk since there is no real way to recover your lost or stolen bitcoins.
Numerous reports suggest that multiple buyers lose their investments in exchanges and mining losses. Exchanges are more prone to be hacked – even if you have the protection of a smart wallet.
Additionally, if you have a wallet and forget or misplace your key, there is seldom a way to recover your coins. Cautiously examine your cryptocurrency wallets to be sure you have the most reliable alternative.
In addition to hacking, there is a decent measure of extortion in the bitcoin market. Buyers and sellers are looking to exchange bitcoins online. But some of these exchanges can be fake since their rise in popularity.
The Securities and Exchange Commission and the Consumer Finance Protection Bureau have cautioned against these transactions where unsuspecting investors are cheated out of their bitcoins in fake exchanges.
This absence of security creates a big risk for investors. While systems have been made to deal with these problems, security remains a big issue.
How to Find the Seed Banks that Accept Bitcoin?
You can ask around to regular marijuana users or look for online forums such as Grasscity or take expert advice from users on Cannabis Social Networks.
A simple Googling might also help you find the sources. But we recommend you to double-check with the vendor to save the difficulty if they deny access with bitcoin payment mode.
You can also get more details from the site page ‘Payment’ of the seed bank’s website. To save your time, we’ve listed the top 10 seed banks that accept bitcoin payment.
Let’s have a look!
List of Top 10 Seed Banks that Accept Bitcoin Payment
- Crop King Seeds
- Amsterdam Marijuana Seeds
- The Vault Cannabis Seeds Store
- Vancouver Seed Bank
- Royal Queen Seeds
- Nirvana Shop
- Seed City
A Word of Caution!
Apart from all of these, before you purchase marijuana seeds, make sure that buying cannabis seeds is permitted in your country. Never make a mistake of ordering seeds to find out that it is not legal. So always review regional laws about cannabis before you search for the seeds.
To conclude, we can say that buying marijuana seeds using bitcoin is a good option, especially when you want your transaction to be secured and anonymous. We hope all the information mentioned above would help you when you want to buy marijuana seeds with bitcoin.
If you want to buy marijuana seeds using PayPal, Click Here!
- 1 What is Bitcoin?
- 2 What is a Bitcoin Wallet?
- 3 What Makes Bitcoin the Best Option for Buying Marijuana Seeds?
- 4 How to Buy Marijuana Seeds with Bitcoin?
- 5 Why Should You Buy Marijuana Seeds with Bitcoin?
- 6 What are the Risks in Buying Marijuana Seeds with Bitcoin?
- 7 How to Find the Seed Banks that Accept Bitcoin?
- 8 List of Top 10 Seed Banks that Accept Bitcoin Payment
- 9 A Word of Caution!