The explosive popularity of cryptocurrencies like Bitcoin and Ethereum has led many CBD vendors to consider accepting them as a form of payment. It's no surprise that CBD vendors are excited about Bitcoin since this payment method allows them to avoid the crazy high fees of credit card processing. And lucky you, CBD vendors are actually more than happy to give you a sweet discount if you pay for your CBD with a cryptocurrency.
Here's a quick guide on how and where to buy CBD with Bitcoin and other cryptocurrencies.
Already Have Bitcoin? Here’s Where to Buy CBD:
Bluebird is one of our absolute favorite CBD vendors and not only do they accept Bitcoin, Litecoin, and over 70 other cryptocurrencies, they offer a whopping 20% off discount for all orders bought with cryptocurrencies! What a no-brainer, right?!
Make sure to read in detail why we recommend this vendor for your CBD oil, and this is yet another reason they're one of the best CBD vendors.
Bluebird recognizes that cryptocurrency and blockchain technology is the future of money, data storage, contracts, and so much more. In an effort to incentivize people to start using this revolutionary technology, Bluebird is offering a 20% discount on any CBD purchase made with Bitcoin or any of the other cryptocurrencies they accept.
Are you new to cryptocurrency and don't know where to start? Bitcoin.org's FAQ is a great place for you to begin your research.
Most people get started with buying and sending Bitcoin and cryptocurrencies at a website called Coinbase. Coinbase is a great place to get started and this post will tell you everything you need to know about signing up for an account there.
Coinbase can be used for both buying cryptocurrencies and sending them to merchants for your purchases. While we love Coinbase and use it all the time, their fees can get high if you start doing a lot of transactions. Due to the high volume of people using Coinbase at any given time, the transactions can be slower than other options.
This is why we recommend getting your own cryptocurrency wallet if you plan to do a lot transactions with cryptocurrencies. You can research some of the recommended wallets from Bitcoin.org.
Although it's not listed there, one of our favorite desktop wallets is the Exodus wallet. It's so easy to use and the support team is excellent. But if you want the highest level of security for your funds, we recommend getting a Ledger hardware wallet directly from Ledger.
How to Buy CBD with Bitcoin
When you go to the checkout page to place your order with Bluebird, you will have a choice to pay with Bitcoin, Litecoin, or many other Altcoins. You just need to simply choose which one you want to pay with when you go through the checkout process:
Once you click the option for Cryptocurrency, you will see your order total in Dollars ($) as well as Bitcoin (BTC) and Litecoin (LTC), with a nice, fat discount applied:
When shopping for CBD at Bluebird with cryptocurrencies, you can pay with well-known currencies like Bitcoin and Litecoin or any of the Altcoins supported by the Shapeshift application (more on that later in this post). I still think Bitcoin is by the far the easiest to use but it's entirely up to you if you want to use a different cryptocurrency to pay for your CBD.
After selecting to pay with Cryptocurrencies you will need to select if you want to use Bitcoin or Litecoin and other Altcoins.
If you want to use Bitcoin, select “Bitcoin” as the option in the dropdown on the checkout page.
If you want to use Litecoin or another Altcoin, select “Litecoin (or other Altcoins)” as the option in the dropdown on the checkout page.
After selecting the currency of your choice, you will be prompted to enter your “refund” address. This is simply your cryptocurrency wallet address. It's not mandatory to enter your address but it's a good idea in case you need to make a return since this is where the funds will be sent back to you.
After you enter your wallet address and agree to the terms and conditions, click “Place Order”.
You will be sent to a payment screen with the order total in the cryptocurrency you chose and the payment address for where to send the payment.
No matter what cryptocurrency you choose to pay with, to successfully transfer the funds for your order you will need to carefully copy the exact information displayed on the checkout page for how much to send and the payment address to send it to. You will be inputing this information into your cryptocurrency wallet. Notice that there is a timer on the checkout page so make sure you complete your order before the time runs out.
We recommend using the QR code scanner on your wallet application to send the the funds to Bluebird. You can also simply copy and paste Bluebird's payment address into your wallet application.
IMPORTANT: If you copy and paste, always re-check a few times the the address is 100% correct before sending the payment. You should never manually enter a payment address, as even one tiny error could result in the permanent loss of your money.
Once you have checked over everything, complete the process by sending the funds from your wallet application. Once you send the money, your payment will display as “Unconfirmed” on the Bluebird checkout page.
Keep in mind that it may take up to an hour for a pending transaction to be confirmed and sent to Bluebird. If you don't see your funds come through right away, do not worry and be patient. You can also check on the confirmation progress by clicking on the small box on the checkout page that says “View address on blockchain”.
As soon as the transaction gets confirmed on the blockchain, the order process will be completed and your order will be successfully in Bluebird's system.
Please note that if you choose to pay with Litecoin or another Altcoin, you will see the Litecoin amount displayed on Bluebird's payment screen as above. If you want to use any Altcoin other than Litecoin, you'll need to click the Shapeshift button below to go to the Shapeshift app to complete the purchase.*
*Note: Shapeshift does not offer service to people located in NY and WA but you can still use Bitcoin or Litecoin at Bluebird if you live in NY or WA.
After clicking the “Pay with Altcoins” button you will be sent to the shapshift.io application. Based out of Switzerland, Shapeshift provides a cutting edge solution for merchants like Bluebird Botanicals and Overstock.com to accept payments in many different cryptocurrencies.
Once you're at Shapeshift, you will find a dropdown menu with all of the current supported Altcoins you can use to pay for your CBD. Select the one you want and click “Submit”.
This will take you to a payment address screen very similar to the one you saw for paying with Bitcoin on Bluebird's checkout screen.
Carefully copy and paste the amount to send and the deposit address into your wallet to complete the transaction. As always, double-check that all of the information is correct before sending and make sure to complete the transcation right away so that the timer doesn't run out. Alternatively, instead of copy and pasting the deposit address, you can use your phone to scan the QR code for the deposit address right into your wallet app on your phone.
If any point you have any questions about paying for CBD with cryptocurrencies at Bluebird, feel free to reach out to them over phone or email. They will definitely help you!
Don’t Have Any Bitcoin Yet? Here’s How to Get Some
If all this Bitcoin and cryptocurrency stuff is new to you or you don't have any yet but wish to get some to buy CBD oil, here's what you need to do:
You're going to need to use an exchange to buy some Bitcoin with the regular currency you use every day. These services are all called ‘exchanges' because they allow you to switch your everyday currency into Bitcoin.
The exchange I use all the time and recommend to anyone new to Bitcoin is Coinbase. It's super popular and allows you to easily buy Bitcoin as well as safely store and spend it.
If you start making larger cryptocurrency purchases in the future, you can explore using alternative exchanges with lower fees but Coinbase is great for getting started quickly.
If you buy $100 or more worth of Bitcoin at Coinbase for the first time, you will get a bonus of $10 worth of Bitcoin for free. So not only will you be saving money on your CBD purchases, you'll also get some free money too! It's a pretty sweet deal 🙂
To get started, just go to Coinbase.com so that you can begin the process of signing up for an account.
To sign up you will need to enter your email address and then wait for the confirmation email to come through. Coinbase will guide you through the whole process of creating an account. It's very easy and you will need to confirm a valid phone number.
After you complete the creation of your account, you will then be able to buy Bitcoin and other cryptocurrencies supported by Coinbase by using a debit card, credit card, or bank transfer.
Once you've got your Bitcoin purchased and in your account, you're all set to start saving money on your CBD oil purchases!
Buying CBD with Bitcoin and Cryptocurrencies
Now that you have some Bitcoin to spend, you can make a purchase at Bluebird Botanicals (see above) or any other vendor who accepts Bitcoin.
After placing your order on the Bluebird website and selecting Bitcoin as your method of payment, you will need to send your order total in Bitcoin to Bluebird by using your Coinbase account.
To send funds to Bluebird, simply go to your Bitcoin wallet which you can access by selecting “Accounts” in the top navigation bar on Coinbase.
From there, just fill out all the necessary details for sending money from your account. The two items of information you will need are 1. The exact amount of Bitcoin to send and 2. Bluebird's Bitcoin payment address (the long string of numbers) for where to send the funds. You will find all of this information when you go to complete your order with Bluebird after selecting to pay with cryptocurrencies.
When you've entered all of the information and carefully double-checked that it's right, press “Continue”.
You will be taken to a final confirmation screen where you can complete the sending of the payment by clicking “Confirm”.
Make sure to get the funds sent over quickly after your place your order on Bluebird's website. The Bluebird team will then match your payment to your order and get it out the door to you right away.
Cheers to Saving Money on CBD!
I hope this post has shown you how easy it is to buy CBD with Bitcoin and other cryptocurrencies. There are over a thousand cryptocurrencies in existence but people generally feel the most comfortable transacting with Bitcoin. Afterall, Bitcoin's been around the longest out of all the cryptocurrencies and it has a really solid team behind it.
No matter what you choose, it's really easy once you get started! Sure, you may find that it takes you a little time to get used to using Coinbase and purchasing cryptocurrencies. So take your time and don't worry! Once you get the hang of it, the whole process will come naturally and seem like a piece of cake 😉
In the future I expect more and more CBD vendors to start accepting Bitcoin and cryptocurrencies. Take advantage of the discount you can get today from Bluebird Botanicals on your CBD order by shopping with Bitcoin.