Learn How to Purchase CannaCoin
CannaCoin, or CCN, is a form of cryptocurrency, much like bitcoin, that was developed in 2014. CannaCoin was created to be used by dispensaries, producers, and consumers in the cannabis industry. Initially created with 0% pre-mine and no ICO, CannaCoin reflects the value of cannabis, weed dispensary growth and stands as a standard indicator of legalization in the USA.
If you’re interested in investing in CannaCoin, it’s easy to do. Here are the steps you should take to purchase CannaCoin:
1.Invest in Bitcoin
You need to trade Bitcoin to learn how to buy CannaCoin. Systems like Coinbase offer an easy way to transfer your fiat currency to Bitcoin. On Coinbase you will sign up and perform an ID verification. Once this is done, you can purchase bitcoin with a number of international currencies, including the U.S. Dollar, the British Pound, and the Euro. You can transfer these coins with a credit card or debit card.
There are other options available to buy bitcoin OTC and from miners as well. LocalBitcoins, for instance, offers a peer-to-peer marketplace for cryptocurrency on a global scale.
2. Create an account on an exchange that trades CannaCoin
Currently, the only online exchange that deals in cryptocurrency, as of January of 2018, is Cryptopia.
Creating an account on this marketplace will allow you to exchange your Bitcoin for CannaCoin.
3. Acquire you Bitcoin Address
Once you create an account on Cryptopia you will be able to retrieve your Bitcoin wallet. The instructions to do so are simple and can be found on Cryptopia’s website.
The process will yield two different unique addresses – one is the receiver address and the other is the deposit address. These addresses will consist of a long, randomly generated line of characters. Copy both addresses (I like to write them down on a piece of paper as well, just to be safe).
4. Transfer Bitcoin to the new wallet’s address
Using Coinbase, or any other Bitcoin platform, transfer the Bitcoin to your new cryptocurrency wallet address that you received in the previous step. Be sure to use the receiver address for this transfer.
5. Exchange the Bitcoin for CannaCoin
After the Bitcoin shows up in your exchange account you can use it to purchase CannaCoin. Depending on the amount you are exchanging the specifics may vary, but usually, you will use a CCN/BTC trading pair to trade the currencies. Orders generally trade quickly but may take a few minutes.
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