How to Purchase Bitcoins to Buy Nootropics
Over the past several years Bitcoin has quickly risen from an underground experiment to a legitimate currency. This trend shows no signs of stopping as more vendors begin to accept Bitcoins as a form of payment. Often times stores will offer a hefty discount if you pay with Bitcoin. In this post, we’ll cover how to purchase Bitcoins in order to buy nootropics.
If you’ve ever purchased Nootropics such as Kratom or Modafinil online then you are probably aware that many of these sites accept Bitcoin. Not only that, but they also extend a generous discount if you do so.
It is relatively easy to complete a transaction with one of these sites in Bitcoin. First, you will need to signup for a Bitcoin wallet, fund your wallet, and then send your payment in Bitcoins via the wallet to the vendor.
What is Bitcoin?
Bitcoin it is what’s know as a cryptocurrency.
The programming and technology behind it are quite complicated, but it acts like a regular currency except each transaction is recorded in a public ledger. This is done by computers that talk to each other creating a central network. In the process taking out intermediate agencies such as the US Treasury. In order to be recorded in the public ledger, you will need a Bitcoin wallet.
A Bitcoin wallet will allow you to access the Bitcoin marketplace, exchange US Dollars(or any other currency) for Bitcoins, and even send Bitcoins directly to other people. It makes the process of how to purchase Bitcoins extremely easy. If you’ve ever used Paypal before then you will find Coinbase is strikingly similar.
How to Get a Bitcoin Wallet
To get your Bitcoin wallet go to Coinbase -> here.
Once you are on the site hit the “Sign Up” button at the top right-hand side of the page. In order to sign up, you will need an email address, phone number and a verified ID such as a passport or driver’s license. The phone number can be international.
First, complete the initial sign up and email verification. Once you have opened your Coinbase follow the checklist under “Complete Your Account” on the main dashboard window.
This will take you through the sign-up and verification process.
To avoid fees we recommend you link your Coinbase wallet to your checking account. You will need your account and routing number. This requires an additional verification process that takes 4-5 days to complete. Coinbase requires that they make a few small deposits into your account that you will verify on the site. These deposits are not permanent and Coinbase reverses them after verification.
If you cannot afford to wait 3-5 days or would like to bi-pass this process you can link your credit card up as well. Coinbase charges a processing fee of 3.75% for funding with your credit card. However, with a credit card, you can skip the 4-5 day verification period and fund your account instantly.
How to Purchase Bitcoins Using Coinbase
After you have set up your Bitcoin wallet you will now be able to buy Bitcoins. From the Coinbase homepage click on the Buy/Sell Bitcoin tab. From this page, you will be able to buy and sell Bitcoins.
The price of Bitcoins is constantly fluctuating. This is important to keep in mind when you are using Bitcoins to purchase nootropics. While I do think Bitcoin will continue to rise in price some might not comfortable investing into the currency quite yet. For this reason, I advocate that you only exchange the exact amount of the transaction you are trying to complete.
For example, if you were buying Modafinil through Modup.net you would fill out the order form. Then proceed to the payment page where you would select “Bitcoin” as a payment method. This will take you a page that will give you the exact amount of Bitcoin you need to exchange along with a very important “Wallet Address” number. This address is how you will send the Bitcoins to Modup.net in the next step.
Regardless of the site, they should give you the amount in Bitcoin that you will need to send and a wallet address in order to complete payment. With Modup.net this amount automatically includes your 33% off, which is a hefty saving just for paying with Bitcoin.
After you know how much Bitcoin go back to Coinbase and complete a transfer for that amount. This should take no more than 15 minutes to complete if your account is fully set up. Once you receive your Bitcoins you will be able to transfer them to the vendor.
Once your Bitcoin wallet is funded with Bitcoins you will be able to send them to anyone with a Bitcoin wallet. This includes vendors of nootropics like Modup.net. You will be taken to a payment page after completing your order with Modup.net. Here you click the Bitcoin symbol which will take you to a page that looks like this.
From here copy the “Wallet Address” and paste it into the “Recipient” address space on Coinbase. In addition to the wallet address, you will also have to put in the Bitcoin amount. Here is an example with the above Modup.net order.
From here you simply click “Send Funds” and your Bitcoins will be sent. With most vendors, including Modup.net, they usually require you to email them confirmation of payment and your Order ID number. That way they can track your payment.
When I order I usually just forward the confirmation email I received from Coinbase to the vendor. For Modup.net send confirmation and your order ID to email@example.com
If you have any questions you can email their support. They responded to my question in less than 5 minutes. This is another reason one of our recommended vendors is to get your Modafinil from Modup.net.
Every vendor is different, but how to purchase Bitcoins and pay will remain the same. Remember, you only need to setup your Coinbase wallet once. In the future, you will only need to buy and transfer Bitcoins to complete your order.
If you have any questions on how to purchase Bitcoins leave them in the comments below!
Also, check out our review of Modup.net here.
P.S. Click here to open your Coinbase account.