Ok, so you’re considering using bitcoin to purchase our marijuana (or for some other reason). The first question that may occur to you is: how can I get bitcoins?
Buying bitcoins can be confusing. This guide will aim to simplify it for you as much as possible. This information is based off other publicly-accessible, trusted websites. By the time you’re done reading this, you will understand how to get bitcoins and use them safely.
Privacy – Our Top Concern
It’s possible to purchase Bitcoins using methods that aren’t private. For example, you can use a credit card or PayPal account to purchase BTC on various exchanges. We don’t recommend these methods, since these purchases can be easily tracked back to you.
Therefore, buying bitcoins with cash or cash deposit is the safest method. This can be done legally and safely all over the world without much hassle. Here’s how it works.
Step 1: Check the Price
There is no official price for Bitcoin. It’s value fluctuates, like other currency. However, the price of Bitcoin at exchanges (which are like Bitcoin banks in some ways) can be averaged to provide an estimate. CoinDesk and XE are two public indexes of the current Bitcoin price.
Step 2: Set up a Bitcoin Wallet
A Bitcoin wallet is the next step to using bitcoin. A wallet allows you to send, store, or receive bitcoins. A wallet is your interface with the Bitcoin network, just as your online banking platform allows you to manage your bank accounts in the regular monetary system.
Bitcoin isn’t stored by you, it’s stored in the “blockchain” which is a public data stream. What a wallet stores is actually keys; these keys provide access to areas of the blockchain where your bitcoin is stored.
Simply put, a Bitcoin wallet is an app, website, or device that manages Bitcoin private keys for you. To learn more about wallets and get recommendations for specific wallets to get started with, visit this site. Generally, your wallet choice doesn’t matter so much at this stage; pick one, and get started!
Step 3: Choose a Method of Purchase
There are a few ways of buying bitcoins anonymously. We recommend two methods: cash bitcoin exchanges such as LocalBitcoins, and Bitcoin ATMs (click here for a map of Bitcoin ATMs worldwide).
LocalBitcoins and other similar exchanges connect you with sellers who want to sell bitcoins for cash. Placing an order usually looks something like this:
- Register for LocalBitcoins (you can do this anonymously).
- Using the website interface, find a seller in your area who accepts cash.
- Select the amount of bitcoin you wish to purchase and place an order.
- Receive a bank account number from the seller. They will place the coins into escrow with the LocalBitcoins service.
- Deposit cash into the sellers account by visiting a bank (you can do this anonymously).
- Upload your receipt to prove you made the deposit.
- The bitcoins will now be transferred to your LocalBitcoins wallet! From here, you can send them to us, or use them anywhere else.
Getting started with Bitcoin can seem confusing, but it’s really quite easy. Cryptocurrencies are becoming increasingly popular and sites like LocalBitcoin are widely trusted. Users can also rate traders, so anyone attempting to scam users is quickly outed and removed.
Any questions? Feel free to contact us!