CBD has developed so much in recent years that you now have a choice among hundreds of different companies and websites to buy from. What’s interesting is that many of these companies now offer the option of paying with bitcoin. In the U.S, the growth of the hemp industry and that of the cryptocurrency industry are tightly connected. As one grows, so does the other. In this article, we’ll discuss some of the advantages of buying CBD with bitcoin, and give you a few tips on how to do it.
Why you may want to buy CBD oil with Bitcoin
People who aren’t familiar with cryptocurrency may be a little confused as to why they should buy their CBD products using Bitcoin or other alternative currencies. Below, we outline three of the main benefits of shopping for CBD with Bitcoin.
Hemp lives in a bit of a gray area. Although CBD is legal on a federal level in the United States, it hasn’t received FDA approval yet. As a result, many consumers rightfully value anonymity when it comes to purchasing CBD.
When you’re paying with a Bitcoin wallet, this wallet doesn’t have to be in any way connected to your name. So if complete anonymity is what you’re after, it’s the way to go.
If you’re the kind of person who is wary of fraud when making online purchases, you could try to buy CBD oil with Bitcoin instead. When paying with your Bitcoin wallet, you don’t have to worry about credit card fraud because the two aren’t connected in any way. Moreover, Bitcoin wallets use very high-level encryption to guarantee security, making it even less likely that you will be robbed of your money when making an online CBD purchase.
Cheaper, faster international payments
Today, CBD companies exist all around the world. They exist not only in the United States but also in Europe and other parts of the globe. So if you’re buying from a foreign company, you may be worried about things like exchange rates and transfer times. When you’re making a purchase with Bitcoin, however, payments can be processed instantly and without incurring any international fees. So if you happen to find a great CBD company located on the other side of the globe, paying with Bitcoin can ensure this won’t cause you any problem.
How to buy CBD with Bitcoin
Buying CBD with Bitcoin is very simple. However, not every website allows it. So it’s really a question of finding the right company and getting familiar with cryptocurrency.
Step 1: Get some Bitcoin
First, you’ll have to get some Bitcoin. This isn’t a very difficult process. You can buy Bbitcoins online on a number of websites, without having to connect your credit card account to your Bitcoin wallet.
There is also the possibility of buying Bitcoins in person through a Bitcoin ATM machine. What’s interesting is that in the U.S. many of these Bitcoin ATMs can be found in cannabis dispensaries. And the more the cannabis business develops in legalization states, the more of these Bitcoin ATMS we’re likely to see popping up. So in an interesting way, as the hemp business develops, so does Bitcoin, and vice versa.
2: Buy CBD from a company that accepts Bitcoin
The second step isn’t as easy. You have to find reputable CBD companies that happen to accept Bitcoin. The main one that we’d recommend is Endoca. Endoca is a European brand with a very good reputation for quality, potency, and customer service. They make simple products using very few, natural ingredients. They’re mostly known for their raw CBD extract and for their good range of topical products. More importantly, they make it very simple to make a purchase on their website using cryptocurrency.
CBD and cryptocurrency are both developing at a fast rate. So it’s no wonder that we’re seeing more and more CBD companies accepting Bitcoin. In the future, we can expect it to become completely normal. But for now, remember that quality comes first. So don’t rush to buy CBD oil with Bitcoin from just any company that allows it. Select a good CBD company first, and check for the ability to pay with Bitcoin later. To find out more CBD companies that deliver on quality, why not check out our guide to CBD brands here?
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