How to Pay with Cryptocurrencies
Table of Contents
Table of Contents
Cryptocurrencies can be a simple, quick, and convenient way to pay for your order but it requires some set up so we wanted to make a tutorial on a few ways to purchase, store, and send the crypto for your order. Additionally, to incentivize the use of Cryptocurrencies we give a 5% discount that is automatically applied when you use this method.
Accepted Cryptocurrencies
Currently, we accept Cardano (ADA), Bitcoin (BTC), Dogecoin (DOGE), Ethereum (ETH), Stellar Lumens (XLM), and XRP. If you want to use the Cryptocurrencies with the most affordable transaction fees we recommend using Cardano (ADA), Dogecoin (DOGE), Stellar Lumens (XLM), and XRP. Bitcoin (BTC) and Ethereum (ETH) can have costly transfer fees that negate any potential savings you get by using Crypto. Also, the transactions times are slower with Bitcoin (BTC) and Ethereum (ETH)
Please Note: Stellar Lumens (XLM) and XRP both ask for a “Destination Tag” when sending. The addresses we use to accept payments for those Cryptocurrencies do not require that so you can just leave it blank.
Trust Wallet
Trust Wallet is a Cryptocurrency wallet that allows you to hold your own private keys and purchase crypto through third-party services. There is a $50 minimum to purchase any Cryptocurrencies on the platform.
Step 1: Download the Trust Wallet App
First, you will need to download the Trust Wallet app on your phone through the App Store or Google Play.
Step 2: Choose Cryptocurrency
Select which Cryptocurrency you would like to buy and use for your transaction. We recommend Stellar Lumens (XLM) or XRP for the fastest and cheapest payments but keep in mind that XRP wallets require a minimum of 10 XRP initially. 10 XRP from your first wallet transaction will be locked in your wallet forever and you’ll need 10 more to make up the difference. For our example, we will use Stellar Lumens (XLM), which does not require any coins to be locked up.
Please Note: If Stellar Lumens (XLM) isn’t an option by default you will have to click the top right corner of the home page and find it in the list to turn it on.
Step 3: Purchase Selected Cryptocurrency
To purchase Stellar Lumens (XLM) click on the top right corner where it says “Buy” and it will bring you to a menu where you can enter the amount you need to purchase at or above the $50 limit. After you enter the amount it will bring you through a checkout process through a third-party provider. Just follow the steps until everything is complete.
Step 4: Send Crypto and Complete Order
Once you get your crypto, click the “Send” button from the Stellar Lumens (XLM) wallet menu. From there you can simply press the camera button to the right of the “Paste” button to scan your OG Botanicals Checkout QR Code. This will automatically populate with the correct address and the correct amount of Stellar Lumens (XLM). Then hit “Next” and “Send” and your job is complete.
Network Fee: The Network Fee for Stellar Lumens (XLM) is 0.001 XLM – a fraction of a penny and the transaction settles within seconds.
Crypto.com
Crypto.com is a centralized cryptocurrency exchange that allows you to buy a wide variety of different cryptos. You can pay instantly using a Debit Card or you can set up a USD wallet and directly transfer funds from your bank account into Crypto.com for lower fees but longer wait times. They also have other products like debit cards that allow you to easily and instantly turn your crypto into cash when you want to spend it.
Step 1: Download the Crypto.com App
Download the Crypto.com app in the App Store or the Google Play Store and complete the signup process. It may take some time to have your account verified but once you’re set up you can quickly and easily purchase cryptos.
Step 2: Choose Cryptocurrency
Select which Cryptocurrency you would like to buy. We recommend Stellar Lumens (XLM) or XRP for the fastest and cheapest payments. For this example, we will use Stellar Lumens (XLM).
Step 3: Purchase Selected Cryptocurrency
To purchase Stellar Lumens (XLM) click on the “Buy XLM” button and it will bring you to a menu where you can enter the amount and method with which you’d like to purchase. After that just complete the checkout process and you’ll have the Stellar Lumens (XLM) in your account.
Step 4: Send Crypto and Complete Order
Once you have the correct amount of Stellar Lumens (XLM) you have two choices. You can send it directly to our wallet using the QR code from your order. The other option is to send it to one of your private wallets like the Trust wallet we mentioned above and then send it from there. Once we receive the crypto you are done.
Exchanges can track where you send your crypto so if you wanted slightly more privacy just pick the second option. Holding crypto in a private wallet also protects you from potentially losing all of your cryptos if the exchange has issues.
How to find your XLM address: If you didn’t know how to find your Stellar Lumens (XLM) address in your private wallet you simply just need to go to the Trust app or whichever app you choose and hit the receive button. This will allow you to copy and paste your address into the Crypto.com app.