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Crypto Payment Guide
Crypto Payment Guide
If You Don’t Know What Cryptocurrency Is, This Guide Is For You!
Decentralized cryptocurrencies are the future of money handling, and they are being adopted by more and more people daily. They are discreet, secure, and becoming more simple to use. We accept crypto payments at How To Order From My Psychedelic Smart Shop🍄 as it protects our customers and us.
Based on Investopedia, a cryptocurrency is a digital or virtual currency secured by cryptography, making it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of
computers. A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation.
Canadian Customers
Besides email transfer (Interac), you have the option of making a crypto payment at the check-out.
Other Customers
Crypto payment is the only viable payment option at this point.
How to Buy psychedelic Online using Crypto
To make a payment by crypto currencies, first you should own them! For owning and then exchanging crypto currency you need a crypto wallet. A wallet is where you keep your assets under different currencies. It can be digital, physical or even a paper wallet. The simplest way to own and then exchange (send/receive) crypto payments, is through one of the highly popular exchange portals. We recommend you to consider the following:
- Coinbase
- Cash App
- Trust Wallet (thru partners)
The safest and most user-friendly wallet and exchange system that we recommend is Coinbase (but feel free to do your own research).
How to setup a Coinbase Account?
Sign up on Coinbase. When you create an account, Coinbase creates a wallet for you and also allows you to have access to crypto exchange. Make sure you take a paper note of your wallet security code. Coinbase asks you for your address proof as well as identity proof. They are pretty straight forward. WATCH THIS VIDEO to learn on how to setup your account.
Charge your account OR Buy your favorite crypto currency
This means the Buy/Sell option on Coinbase. There are several cryptocurrencies out there, and each of them are created for a specific reason. If you want to invest in cryptocurrencies or trade them, we recommend you to do your own diligence and read the whitepaper of each of these coins and follow different forums on how what is going on with each of these cryptocurrencies. Regardless of investing, you can use this platform to make a payment, as the payment you want to make here on My Psychedelic Smart Shop🍄’s checkout portal for your order.
In this case, you can buy a sufficient amount of crypto in Bitcoin (BTC) or Ethereum (ETH). The rates are moving up and down instantly as this is an active 24-hour global market.
For example, if you want to pay for a $150 order, you should spend $152.99 on buying either Bitcoin or Ethereum. To buy those on Coinbase, the platform connects to your local bank account and allows for instant transfer of the fund to allow you to make the crypto payment. When you purchase this amount of crypto, check under your wallet. You should have a high decimal number under your Portfolio.
Send & Receive Crypto
To make or receive a payment from or to your wallet, you should use the Send/Receive feature on Coinbase. To learn more about Send/Receive cryptocurrencies, please WATCH THIS VIDEO.
To make a payment for your order, you should Send crypto in BTC or ETH to our Wallet. When you are at the check-out page, our plugin immediately retreives the current exchange rates and provides you with a BTC, ETH or Dogecoin equivalent amounts. It also displays our public wallet addresses (each currency has its own wallet) for your payment, both in a written code format as well as in QR Code.Using Coinbase Send option, you can easily choose the amount you should pay, enter our wallet address and press send!To make or receive a payment from or to your wallet, you should use the Send/Receive feature on Coinbase. To learn more about Send/Receive cryptocurrencies.
Orders using Cashapp?
Unlike Coinbase that usually takes up to 5 days to validate your identity to allow you to have access to the Coinbase exchange, making a crypto payment with Cashapp is immediate and very simple! If you are not a cryto savvy person, this is the method that is very quick to adopt. In this payment method, you use the cash that you have access to through Cashapp, to immediately buy and pay with Bitcoin. Please note that Cash app has made it available only for Bitcoin (BTC) at this point.
