What is bitcoin?
While much of the world is still busy playing around with physical money, there is a new currency on the web called bit coin that has become a popular alternative to other forms of currency. The bit coin payment process is easy. It is also extremely secure. Paying with bit coin allows for people to engage in truly private transactions on the web. Forget needing to make payments through middle men. It's not even necessary to involve one's bank to make a bit coin transaction happen. Aside from being a type of Internet currency, bit coin is not vulnerable to the usual bank practices of currency manipulation. Rather, specialized coding procedures are used to ensure the stability of bit coin and prevent these manipulations from occurring. Now anyone can use this decentralized currency. All that a person needs to get started is a computer or similar smart device that can access the Internet.
Why use bitcoin instead of other conventional payment options?
* The unique coding method, called a block chain, employed in a bit coin transaction makes it next to impossible for third party entities to hack into and follow your transactions. This is a nice way to keep other people's prying eyes out of your business, even government entities.
* It is not only a safer way to send money across the Internet, but it saves the purchaser money to do so. This is because you are not forced to incur any third party fees, such as with other online payment methods.
To learn more about bitcoin transactions, please check out the following video:
How to make a bitcoin payment to Royal Queen Seeds.
Royal Queen Seeds is now allowing its customers to purchase products using bit coin transactions. First you will need to acquire a bit coin wallet. Then you will need to get bit coin currency into that wallet. Don't worry, the process is simple. Once you have a bit coin wallet and have acquired a little bit coin currency, then you will be ready to start purchasing products using bit coin.
What is a Bitcoin wallet?
A bit coin wallet is much like having an online account for receiving, sending, and transacting bit coins. When a person buys bit coins, they are moved into their bit coin wallet. When they buy things using bit coins, the bit coins are then taken out of the bit coin wallet accordingly to complete the transaction for a purchase. To make this process simple for you, we will describe how you can set up a Coinbase account to get started. A Coinbase account is a type of bit coin wallet. Coinbase is used by people world wide to make bit coin transactions execute smoothly in international commerce.
Setting Up A Bitcoin Wallet
Step 1: Setting up a wallet to hold your bitcoin is easy. First, go to https://electrum.org/#download. This will take you to the download page for Electrum, a simple, secure, and easy to use Bitcoin Wallet.
Step 2: With this program, you will be able to create a wallet of your own.
Step 3: During the setup process, you will be presented with a “Generation Seed”. This is a unique passphrase that allows you to retrieve your wallet should you ever lose it, or your computer break. Make sure to take note of your Generation Seed on a piece of paper, and hide it somewhere safe. Never share it with anyone! It would be the same as giving someone access to your credit card or bank!
Sending a bit coin payment to Royal Queen Seeds.
Now you have a Bitcoin Wallet you will be able to send us payment for your order with Bitcoin. Note, you will need to have Bitcoin in your wallet to make a payment. If you do not have any, you can find the details of some Bitcoin sellers at the bottom of the page.
Step 1: When purchasing cannabis seeds from Royal Queen Seeds, choose Bitcoin as your payment method during the checkout process.
Step 2: Once chosen, you will be taken to a screen with the unique order information needed to complete your payment.
The information needed is:
A. The Royal Queen Seeds Bitcoin Address
B. The total amount of the payment owed.
C. The order number
Step 3: Open up your Bitcoin Wallet.
Step 4: Important: Make sure currency is set to BTC, not mBTC. This can be changed with Tools > Preferences > Appearance: Base Units: BTC.
Step 5: Click on the “Send” tab. You should see the following screen:
Step 6: Copy the Royal Queen Seeds Bitcoin address into the “To” field. Please note, the address shown in the above image is just an example. Do not use it!
Step 7: Copy the order number into the “Description/message” field.
Step 8: Copy the amount to be paid into the “Amount” field.
Step 9: Press “Send” to send us your payment!
Once received, we will process your order and get it on its way to you ASAP!
How to buy bitcoins.
The following is a list of other bit coin sellers provided for your convenience:
www.bitonic.nl - A Dutch based Bitcoin Vendor
www.localbitcoins.com - An international Bitcoin Exchange
www.bitbargain.co.uk - A UK based Bitcoin Exchange
www.clevercoin.net - A Dutch based Bitcoin Exchange
www.bitcoinnordic.com - A Scandinavian based Bitcoin Vendor
There are certainly numerous other websites one can visit to purchase bit coin from. As you can see, it is safe and relatively easy to use bit coin to engage in financial transactions. The more you do it, the easier it becomes.