Canuk Seeds
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Cryptocurrency has been gaining traction for years now. Unless you’ve been living under a rock, you already knew that.
Even Elon Musk is getting in on the crypto scene by allowing customers to purchase a Tesla with digital currency.
Control, security, and incentives from seed companies are the main benefits of buying cannabis seeds with cryptocurrency.
We are going to take a look at all things bitcoin, altcoin, and cryptocurrency.
Let’s review how cryptocurrency works, where to buy it, the benefits of using it, and the most popular Bitcoin alternatives for purchasing cannabis seeds.
Cryptocurrencies like bitcoin use secure cryptography to secure transactions.
You can't compare card payments or bank transfers to bitcoin. They aren’t tradable commodities. Bitcoin and other cryptocurrencies’ prices fluctuate on supply and demand, not by a governing institution like a bank.
Cryptocurrency, like bitcoin, is a computer file (known as tokens) stored in a digital wallet accessible by your computer or phone app. Every transaction is recorded in a blockchain.
Tokens are quickly becoming the best way to buy cannabis seeds online because of the discretion, security, and no middle-man (like a bank).
Bitcoin is decentralized, meaning no one institution has control.
Every transaction is transparent and recorded on a blockchain (distributed ledger).
As of January 2021, there are over 5,000 different altcoins, according to Bitcoin. We are going to focus on Ethereum and Litecoin.
Unlike Bitcoin, altcoins were founded by people and companies.
There is a difference between centralized and decentralized crypto, and each company varies.
Litecoin is basically a test network for Bitcoin, with the main benefits being quicker network confirmations and lower fees.
Litecoin transfers are faster and less expensive.
Ethereum is a completely different game.
Ethereum is not just a currency- it is a platform. It introduced smart contracts allowing for the creation of decentralized apps (DAPS) and provided an infrastructure for creating other cryptocurrencies - otherwise known as tokens - on its network.
In fact, many, if not most, of the altcoins are just tokens created on the ethereum network.
They don't have their own blockchain technology, which can sometimes equate to higher payment fees.
Cryptocurrency is a digital coin or token that exists on a centralized or decentralized digital ledger.
Since bitcoin’s birth over a decade ago, new virtual currencies and digital platforms like Ethereum and Litecoin have emerged.
These tokens may use a different consensus algorithm instead of Proof of Work (POW), the original blockchain algorithm bitcoin uses.
Paxful has millions of users globally, and for a good reason!
You can trade in old gift cards for bitcoin. They have over 300 different payment methods you can use to buy digital currency. The real bonus? Their digital wallet is free to use.
Want complete control over your transactions? Altcoins and bitcoin, the reigns are in your hands.
Unlike traditional banks and credit cards (issued by big banks), nobody but you can make changes to your account.
This means that there may be some instances where your transactions are associated with your customer information.
For example, depending on the platform you are using, you may have to upload a copy of your identification such as your passport.
So, every transaction you complete may be associated with your personal information.
Most seed banks have perks when you pay with bitcoin or altcoins.
For example, when you buy CANUK seeds and pay with cryptocurrency, you get 25% off your entire order!
Another crypto-win is never having to worry about losing cash in the mail. Credit cards like Visa, Interac eTransfers, and companies like Paypal all charge a fee to use their service.
Cryptocurrency is no different. So, why use it instead of a traditional payment method?
Traditional payment methods don’t offer 25% off your purchase for using it.
If you’re not entirely sold on using bitcoin to buy cannabis seeds, I’ve got one more tidbit of information for you.
Cryptocurrencies like Litecoin and Ethereum are on the rise. You may see an increase in return simply by creating a digital wallet and using altcoins.
Do: Make sure you send the correct cryptocurrency, exactly the one you selected in the crypto checkout, otherwise your funds may be lost.
Don’t: There are digital wallets that ask if you are sending bitcoin as a third-party and ask for details of the site. Do not share that information. All bitcoin and altcoin addresses are anonymous.
Don’t: Don't delay sending your payment. Every transaction will have an expiry time, which will be provided on the payment page, it's usually a few hours, up to 24, depending on the coin. If the exact required amount of crypto is not received in the required time, the transaction (and the order) will be cancelled, you will need to place their order again.
Do: Follow the instructions on how to confirm your payment is sent to the correct digital wallet.
Do: Be sure you send enough funds to cover any network fee. Even though processing fees are less than the bank, Paypal, or a credit card, you need to make sure the processing fees are covered, or your order will be cancelled.
Even Elon Musk is getting in on the crypto scene by allowing customers to purchase a Tesla with digital currency.
Control, security, and incentives from seed companies are the main benefits of buying cannabis seeds with cryptocurrency.
We are going to take a look at all things bitcoin, altcoin, and cryptocurrency.
Let’s review how cryptocurrency works, where to buy it, the benefits of using it, and the most popular Bitcoin alternatives for purchasing cannabis seeds.
What is Bitcoin?
Bitcoin (BTC) is a digital currency recorded on a public and decentralized digital ledger (blockchain). It doesn't have a company governing it or an owner. Nobody really knows who created BTC.Cryptocurrencies like bitcoin use secure cryptography to secure transactions.
You can't compare card payments or bank transfers to bitcoin. They aren’t tradable commodities. Bitcoin and other cryptocurrencies’ prices fluctuate on supply and demand, not by a governing institution like a bank.
Cryptocurrency, like bitcoin, is a computer file (known as tokens) stored in a digital wallet accessible by your computer or phone app. Every transaction is recorded in a blockchain.
Tokens are quickly becoming the best way to buy cannabis seeds online because of the discretion, security, and no middle-man (like a bank).
Bitcoin is decentralized, meaning no one institution has control.
Every transaction is transparent and recorded on a blockchain (distributed ledger).
Bitcoin Alternatives: Ethereum & Litecoin
Altcoins are the trendy term for cryptocurrency that isn’t bitcoin.As of January 2021, there are over 5,000 different altcoins, according to Bitcoin. We are going to focus on Ethereum and Litecoin.
Unlike Bitcoin, altcoins were founded by people and companies.
There is a difference between centralized and decentralized crypto, and each company varies.
Litecoin is basically a test network for Bitcoin, with the main benefits being quicker network confirmations and lower fees.
Litecoin transfers are faster and less expensive.
Ethereum is a completely different game.
Ethereum is not just a currency- it is a platform. It introduced smart contracts allowing for the creation of decentralized apps (DAPS) and provided an infrastructure for creating other cryptocurrencies - otherwise known as tokens - on its network.
In fact, many, if not most, of the altcoins are just tokens created on the ethereum network.
They don't have their own blockchain technology, which can sometimes equate to higher payment fees.
Cryptocurrency is a digital coin or token that exists on a centralized or decentralized digital ledger.
Since bitcoin’s birth over a decade ago, new virtual currencies and digital platforms like Ethereum and Litecoin have emerged.
These tokens may use a different consensus algorithm instead of Proof of Work (POW), the original blockchain algorithm bitcoin uses.
Purchasing Cannabis Seeds: How to Buy Bitcoins and Altcoins
Paxful
You can safely sell and purchase bitcoin globally with Paxful. They are a peer-to-peer marketplace and have been around for the last five years.Paxful has millions of users globally, and for a good reason!
You can trade in old gift cards for bitcoin. They have over 300 different payment methods you can use to buy digital currency. The real bonus? Their digital wallet is free to use.
Shake Pay
We are calling all Canadians! Shake Pay is the easiest way for Canadians to buy and sell bitcoin and Ethereum. Shake Pay has an excellent customer service team to help you buy bitcoin with Interac eTransfer. Being user-friendly, you will have your digital wallet up in minutes.Coinbase
Manage, buy and sell your digital currency with Coinbase. They offer Ethereum, litecoin, bitcoin and bitcoin cash. Interested in earning crypto while you learn? With their interactive discovery tool, you can learn how different digital currencies work, and they will give you a portion of each altcoin just for trying them out yourself.Bitpanda
Bitpanda is effortless to use. You can invest in gold, bitcoin and other digital commodities on your phone or pc. Their verification process is simple, so you can buy cannabis seeds within minutes of depositing funds into your digital wallet. Bitpanda is secure, fast, reliable, convenient, and they offer multiple payment options.Coinmama
Coinmama is a great place to buy digital coins. They send out coins immediately after your wallet address, and payment has been confirmed. With their array of payment options and high pending limits, buying cannabis seeds with bitcoin is made easy. Purchasing cannabis seeds with digital currency may seem weird at first, but being in control of your money is the way of the future.Why Use Bitcoin to Buy Cannabis Seeds?
Purchasing cannabis seeds with Bitcoin and altcoins like Litecoin and Ethereum adds a security layer that the banks can’t. Your transactions are not only irreversible, but they are also safe.Want complete control over your transactions? Altcoins and bitcoin, the reigns are in your hands.
Unlike traditional banks and credit cards (issued by big banks), nobody but you can make changes to your account.
Playing Devil’s Advocate
In order to comply with requirements, platforms may use a verification method called Know Your Customer(KYC).This means that there may be some instances where your transactions are associated with your customer information.
For example, depending on the platform you are using, you may have to upload a copy of your identification such as your passport.
So, every transaction you complete may be associated with your personal information.
What are the Benefits of Using Cryptocurrency to Buy Cannabis Seeds?
The benefits of using Ethereum, litecoin, or bitcoin to buy cannabis seeds are relatively the same as the reasons why you should.Most seed banks have perks when you pay with bitcoin or altcoins.
For example, when you buy CANUK seeds and pay with cryptocurrency, you get 25% off your entire order!
Another crypto-win is never having to worry about losing cash in the mail. Credit cards like Visa, Interac eTransfers, and companies like Paypal all charge a fee to use their service.
Cryptocurrency is no different. So, why use it instead of a traditional payment method?
Traditional payment methods don’t offer 25% off your purchase for using it.
If you’re not entirely sold on using bitcoin to buy cannabis seeds, I’ve got one more tidbit of information for you.
Cryptocurrencies like Litecoin and Ethereum are on the rise. You may see an increase in return simply by creating a digital wallet and using altcoins.
Buy Cannabis Seeds Successfully: Cryptocurrency Do’s & Don'ts
Every platform has its own “cryptocurrency rules,” but there are some general Do's and Don'ts you should know about.Do: Make sure you send the correct cryptocurrency, exactly the one you selected in the crypto checkout, otherwise your funds may be lost.
Don’t: There are digital wallets that ask if you are sending bitcoin as a third-party and ask for details of the site. Do not share that information. All bitcoin and altcoin addresses are anonymous.
Don’t: Don't delay sending your payment. Every transaction will have an expiry time, which will be provided on the payment page, it's usually a few hours, up to 24, depending on the coin. If the exact required amount of crypto is not received in the required time, the transaction (and the order) will be cancelled, you will need to place their order again.
Do: Follow the instructions on how to confirm your payment is sent to the correct digital wallet.
Do: Be sure you send enough funds to cover any network fee. Even though processing fees are less than the bank, Paypal, or a credit card, you need to make sure the processing fees are covered, or your order will be cancelled.
