Hippie Grow Shop is excited to announce that we now accept Bitcoin payments for our merchandise on our website. Whether you are looking for grow lights, grow tents, grow kits, fans & filters, or other products for your grow room, you can pay for anything you need with Bitcoin.
What Is Bitcoin?
Bitcoin is a type of virtual currency that you can use to pay for goods and services online. It is considered a safer form of payment since you do not have to share your credit card or debit card information, or routing number for your bank account to make online purchases.
How Do I Get Bitcoins?
Unless you got started when Bitcoin first hit the market and was able to use mining to earn Bitcoins, there are two methods that allow you to earn Bitcoins. The first one is to purchase Bitcoin virtual currency using real money.
You will need to use a cryptocurrency exchange to purchase Bitcoin with real money. The process is similar to investing in stocks or bonds. There can also be fees associated with the transaction the exchange service will charge.
Another option to get Bitcoins is to sell products of your own and accept Bitcoin as the payment method. For example, you could sell unwanted items on eBay or another auction site.
How Do Bitcoin Payments Work?
You store your Bitcoins in a virtual wallet either on your computer or smartphone. When you want to pay for goods or services you select Bitcoins as your payment method. Each transaction is recorded in a public list so that it is possible to trace the history of where the Bitcoins came from, as well as help reduce the risk of fraudulent transactions.
The public list only records minimal information, so none of your personal information is shared. This makes Bitcoin transactions more secure.
Why Is Bitcoin Becoming Popular for Online Payments?
Bitcoin is not regulated by banks or government agencies. As a result, the value of a single Bitcoin changes and is has become more valuable than a single regular money dollar. For example, the price to buy one Bitcoin with real money recently exceeded $50,000 US dollars.
When you make an online payment, the value of the Bitcoin is converted into real dollars. So, the actual number of Bitcoins needed to buy goods or services could easily amount to a fraction of one Bitcoin, such as 0.0005.
Please keep in mind the actual amount of Bitcoin required will vary based on the real cash price of the products, the current market value of one Bitcoin, and other such factors.
If you do not have Bitcoin, that is okay as we accept regular cash payments. We are also pleased to offer Sezzle so you can buy now and pay later with 0% interest.