Buy kratom with Bitcoin or other cryptocurrencies. Paying for kratom with cryptocurrency is the best way to buy kratom products. Most kratom vendors have issues with payment processors and banks and get their gateways constantly revoked. However, cryptocurrency has always been a reliable option. Plus, some cryptocurrencies have monetary value pegged to the dollar—like USD Coin (USDC): one USD Coin equals one dollar. Therefore, using USDC is the same as paying with cash. You can also use a Visa and MasterCard debit card to get it.
There are still a few people that don’t know much about cryptocurrencies. We’ll provide relevant information and teach you how to buy kratom with crypto.
What Is Cryptocurrency?
Cryptocurrency acts as a digital currency or asset that you can use to purchase goods or services. Unlike fiat currency, cryptocurrency (for the most part) operates on decentralized networks based on blockchain technology. Theoretically, decentralized digital currencies are impervious to the whims and demands of government entities.
Reports indicate there are close to 22,000 cryptocurrencies on the market. Nonetheless, most are unknown to people and have no intrinsic value except for speculation purposes. However, a few well-known cryptocurrencies have gained mainstream attention and are accepted as currency by big companies.
The kratom, CBD, and cannabis industries all welcome cryptocurrency payments.
The Reason Cryptocurrency Works Well with the Kratom Industry
Financial firms consider kratom a high-risk industry. Many payment portals refuse to accept kratom payments. PayPal and larger third-party payment processors reject kratom purchases on their networks. They’ll place holds on the transactions, seize the funds, and cancel ties with the kratom company. For that reason, kratom vendors have stopped using them.
The banking industry has issues with the herbal industries: CBD, cannabis, and kratom. Most major banking institutions refuse to offer business accounts and merchant services for fear of government overreach. On the contrary, cryptocurrencies are digital assets outside of government territory. As such, kratom vendors and their customers have a legitimate payment process nobody can deny them.
Cryptocurrencies We Accept
While tens of thousands of cryptocurrencies exist, Prometheus Products only accepts a handful. The volatility of the crypto markets can lead to unstable price fluctuations. That makes holding additional cryptocurrency risky for most people. We understand.
To mitigate some of the risk involved, we accept the two major cryptocurrencies on the market (Bitcoin and Ethereum) since many people hold them for investment purposes. Likewise, we also accept USD Coin for others: it’s a stablecoin. A stablecoin is a digital currency pegged to a currency, commodity, or financial instrument. USD Coin has its monetary value pegged to the United States dollar.
Current Cryptocurrencies We Accept
- Bitcoin
- Ethereum
- USD Coin (USDC)
We are open to accepting other cryptocurrencies in the future—as we have before. However, the economic market conditions would need to change for that to happen.
Use USD Coin (USDC) to Buy Kratom
The safest and most reliable form of payment for novice cryptocurrency holders is to purchase and use the USD Coin (USDC). USDC acts as a stablecoin since it’s pegged to the US dollar. That means one USD Coin equals one dollar.
- 1 USDC = $1
Therefore, you never have to worry about price fluctuations changing the amount of USDC you hold in your account. Likewise, those price fluctuations can’t affect your purchase, either. (Sometimes, price fluctuations of other coins instantaneously happen while making a purchase, and the payment gets kicked back as a result.)
USDC is the easiest and most effective way to pay accurately with cryptocurrency. We recommend using USD Coin to buy kratom. It’s hassle-free.
Use Bitcoin to Buy Kratom
Many long-term cryptocurrency holders use Bitcoin (BTC) as an investment and payment method. As the most popular and valuable digital currency on the market, we gladly accept payments for kratom using Bitcoin.
Bitcoin purchases use a consensus protocol called proof of work (PoW). The fees for using Bitcoin can fluctuate immensely along with the crypto. We recommend Bitcoin for more experienced crypto users that already have Bitcoin in their wallet. However, as digital assets, none are more valuable and volatile than Bitcoin. Investors that understand high levels of risk are sure to find Bitcoin appealing. If that sounds like you, use Bitcoin to buy kratom.
Use Ethereum to Buy Kratom
The second most well-known cryptocurrency on digital markets is Ethereum (ETH). Likewise, Prometheus Products gladly accept Ethereum for kratom purchases.
The digital currency uses the Ethereum network, which has several potential applications outside a medium for monetary exchange. Its proof of stake (PoS) protocol makes the fees associated with using Ethereum less expensive.
The price fluctuations of Ethereum can make it a risky asset for someone simply wanting to make purchases. Nonetheless, we offer the option for those who already own that digital currency or wish to invest in its possibilities.
How to Use Cryptocurrency to Buy Kratom?
Before you can use cryptocurrency, you need a crypto wallet. You can get one from Coinbase: the most popular cryptocurrency exchange in the US.
Steps to Pay for Kratom with Cryptocurrency Using Coinbase
- Use the following link to sign up for a Coinbase account and get Free $10 of Bitcoin. If you have another wallet on another exchange, use this step to transfer the proceeds to Coinbase.
- Next, you’ll need to establish a payment method to connect to your Coinbase account. Use the steps within this link for additional information.
- Afterward, pick a kratom selection from our menu and add it to your cart.
- Finish shopping and proceed to checkout.
- Select “Bitcoin and Other Cryptocurrencies” as the payment method during checkout.
- Select the option to “Proceed to Coinbase.”
- The gateway takes you to the Coinbase site. Follow their payment instructions to send the cryptocurrency to our wallet.
- After the payment goes through, we’ll get your order ready for shipment.
- Get kratom in the mail and enjoy!
You can use your computer, iPhone, or Android mobile to make payments with Coinbase. However, do not forget to sign up and get $10 Free Bitcoin with this link. Use that free Bitcoin to buy kratom.
Is Paying with Crypto Safe and Secure?
Many consider cryptocurrencies more secure than credit and debit cards since no third-party verification is required. The payments occur on blockchain: a decentralized digital ledger that records transactions. Nobody can alter cryptocurrency transactions after the payment gets processed without the consensus of the entire network. It also makes it improbable to steal someone’s identity or personal information using its technology.
Credit and debit cards store your personal information and transactions on a centralized hub, where data breaches commonly occur. Cryptocurrencies remove that risk from the equation.
Still, the risk of market volatility does exist. Price fluctuations of cryptocurrency make crypto a volatile asset to hold for prolonged periods. However, using a stablecoin like USD Coin eliminates that risk.
Nonetheless, there are risks associated with some cryptocurrency platforms. Therefore, we only recommend using Coinbase as a cryptocurrency payment portal for kratom.
Is Coinbase a Reliable Cryptocurrency Company?
Coinbase is an American publicly traded company on the Stock Market. Therefore, Coinbase gets regulated by the Securities Exchange Commission (SEC). The platform secures cash on FDIC-secured accounts—the Federal Deposit Insurance Corporation insures the money on its platform from cybersecurity breaches. The platform allows a secure connection for its payment processor. It also has several security procedures to keep your account safe and secure.
Coinbase is considered the top crypto exchange in the United States.
Payment Methods for Coinbase
There are several payment methods available to US customers on Coinbase. Use any of the following payment methods to purchase cryptocurrency. Now, buy kratom with Bitcoin or other cryptocurrency.
- Debit Card
- PayPal
- Apple Pay
- Google Pay
- Wire Transfer
- Bank Account (ACH)
Note: Unfortunately, you cannot buy cryptocurrency with credit cards in the US. You can only use debit cards. However, folks in Europe and the UK can use a credit card if it supports “3D Secure.”
How to Find a Reliable Kratom Company that Accepts Cryptocurrency
Check with each kratom vendor individually to find a reliable company that accepts cryptocurrency. Some kratom companies will take crypto, while others do not. The types of digital assets each company takes as payment can fluctuate with the market. Some coins get dropped whenever their value tanks.
The method for accepting cryptocurrency can differ from kratom vendor to vendor. Each company might use a different cryptocurrency exchange. Talk with every company to find a solution that works best for you.
Pay for Kratom with Cryptocurrency at Prometheus Products
Prometheus Products accepts cryptocurrency payments for kratom. Plus, we offer the most extensive and highest quality Maeng Da selection. We take cryptocurrency payments for kratom on the Coinbase crypto exchange. Their payment platform makes cryptocurrency transactions a safe experience for our customers. Coinbase is the best broker exchange in the US—we’d argue the world. Coinbase is the only full-service cryptocurrency exchange that’s publicly traded.
You can use cryptocurrency like Bitcoin to buy kratom online with us. However, we offer other payment options for customers who don’t want to use crypto.
Find a payment method that works for you. Try the kratom from Prometheus Products. You’ll taste the difference. We guarantee it.