People use CBD oil for a variety of reasons. Often, they consider it as a natural alternative to prescription painkillers and anti-anxiety medications. It should be noted, however, that only one CBD product is FDA approved, as a treatment for epilepsy. It is not approved as a painkiller or as an anti-anxiety medication. CBD products may not be marketed as dietary supplements in this regard. So, make sure you do your research before considering CBD oil.
You can find articles and discussions about the benefits of CBD products online with a bit of Googling. Plus, it’s legal in most areas so long as THC levels are below 0.03%. So, it’s easy to find CBD oil online, but not every website accepts Bitcoin transactions. Some do, however, and it’s worth exploring the pros and cons of buying CBD oil online with Bitcoin.
How Popular Is Bitcoin For Ecommerce Purchases?
A number of vendors have launched bitcoin processing technology for e-commerce, such as Coinbase, but online merchants have been slow to adopt it. There’s still a long way to go, but forward-thinking merchants are accepting Bitcoin payments. The market capitalization of Bitcoin is almost $200 billion, meaning that it is very popular. However, most people use it as a store of value, rather than for its transactional capabilities. Still, it continues to grow in popularity, and its use in e-commerce purchases may very well go up.
Benefits Of Buying CBD Oil Online With Bitcoin
CBD is still a relatively new product, and federal and state regulations are challenging to understand. So, credit card processors are weary of this developing industry and it can be difficult for websites to get approval to process credit cards. Furthermore, many CBD users want some degree of privacy and prefer alternative payment methods to credit cards and bank withdrawals. In these cases, it may make sense to purchase CBD oil with Bitcoin.
If it’s your first purchase, then start with something small. A 30mL CBD oil tincture is a great first order. If things go awry, it’s not a lot of money. If things go well, then you can continue to make your online CBD oil purchases with Bitcoin.
Drawbacks Of Buying CBD Oil Online With Bitcoin
While you can maintain a degree of anonymity when you buy CBD oil online with Bitcoin, there are some drawbacks. The biggest challenge is that once you’ve made your purchase, you must rely on the trust of the vendor on any refunds. Unlike credit card purchases, you can’t charge back a Bitcoin transaction. The merchant must manually send the funds to your digital wallet if there is a problem with your order.
You can think of this as a similar situation to making a cash purchase in a retail store. You also have the volatility of Bitcoin’s value to consider. It has been known to swing in either direction often, and you could end up overpaying for your CBD. Last, Bitcoin transactions can be expensive. So, make sure you check the estimated fees before you complete your transaction.
How Important Is CBD Oil To Your Wellbeing?
Before you decide whether to buy CBD oil with Bitcoin, it’s worth considering whether to buy it at all. Are you currently on a prescription pain medication, and do you want to explore a more natural option that may have fewer side effects? Or are you feeling minor anxiety, but don’t want to commit to seeing a psychiatrist and getting a prescription?
These may be good reasons to explore CBD oil. Of course, you should always consult with a doctor before making any major changes to your treatment options. Once you’ve done that, if you believe that CBD oil can improve your overall wellbeing, then give it a shot.
Should You Buy CBD Oil Online With Bitcoin?
There are many ways that CBD can improve your life. So, if you’re thinking seriously about trying it, then you should consider all payment options. Despite its drawbacks, Bitcoin is still a good option for purchasing CBD oil online. While you can’t force a merchant to give you back your money, you do have recourse. If you are in the right, and a merchant refuses to give back your coins, then you can post negative reviews online.
While posting reviews won’t get your money back, a warning to the vendor is sometimes enough to evoke a refund. Just keep in mind, if you do this, it is unlikely that you will be able to purchase from the same merchant again, and you may end up on a blacklist of risky consumers. So, only do this in rare emergencies where you can’t get your money back and it’s clear that the merchant was in the wrong. If you value your privacy, or if you just want to support alternative payment options, then Bitcoin may very well be the right choice for you.
If you are interested in even more lifestyle-related articles and information from us here at Bit Rebels, then we have a lot to choose from.