Viagra & Bitcoin: Can You Use Crypto to Pay at Canadian Pharmacies?

Cryptocurrencies have become a mainstream today. Therefore, it is not surprising that some canadian online pharmacies have begun to accept them as payment. Below we will tell you how to buy Viagra with Bitcoin, the most popular cryptocurrency in the world.

What is Bitcoin?

Bitcoin is a virtual currency. It is not issued by the state as a dollar, it is produced by people (miners) or enterprises using special software & hardware. Bitcoin is stored on the Internet in a digital wallet. It can be used as a means of payment for goods (services) or as an investment. You can buy this cryptocurrency on digital currency exchanges like Coinbase, and also exchange it for ordinary currency, such as the US dollar or Canadian dollar.

Bitcoin was created in 2009 by an unknown person or a group of folks under the name Satoshi Nakamoto. From 2009 to April 2010, bitcoins only accumulated. On April 25, 2010, the first official sale of 1000 bitcoins for 0.3 cents was held. Significant growth of the crypto currency started in 2011. At the end of 2023, Bitcoin showed incredible growth rates, its price increased to 40,000 dollars (the peak price was about $ 79,000). As of May 2024, the price of this cryptocurrency varies from 63 to 66 thousand dollars.

How to Buy Viagra with Bitcoin?

If you want to buy Viagra with Bitcoin, you must have a digital wallet with a certain amount of this crypto currency. If you do not have this wallet, you can create it on one of the “official” Bitcoin sites, such as blockchain.info.

When you make a payment for goods online with the cryptocurrency, you just scan the QR code from the site using your digital wallet. After your confirmation, the transaction processes through the Bitcoin network, after that payment is completed. Another way to make a payment is to send the cryptocurrency manually to the Bitcoin address provided by the canadian online pharmacy. To see if the seller has received a cryptocurrency, you can visit the site through which you have made a transaction or check in your personal account on the page of an online pharmacy from Canada.

Use Crypto to Pay – Pros & Cons

The main advantages of buying medicaments with Bitcoin are confidentiality and speed. Many men want to order ED solution privately so that no one will know about it. In a regular pharmacy, someone can see them, and paying by credit card through the Internet does not always guarantee anonymity. If you get statements by mail, your spouse can see them. If you receive statements online, anyone who has access to your login and password can view them.

Bitcoin is an anonymous and at the same time open system, where the transaction history can be seen by everyone, but only the wallet address is shown, not your name (or the name of the canadian pharmacy online). Therefore, if you need to hide the fact of buying medicines online, Bitcoin will help you.

Another advantage is the speed. Undoubtedly, it’s easier & faster to pay with a cryptocurrency than go to an ordinary “brick-and-mortar” pharmacy. Although earlier transactions with Bitcoin took a few minutes, recently due to the increasing popularity of this cryptocurrency, the transaction speed has decreased and can take from one to one and a half hours. By this criterion Bitcoin is even inferior to credit cards. An easy way to speed up the process is to assign a commission higher than the average one on the market, which may not always be acceptable to the user. Other currencies such as Ethereum (Full info) offer a higher speed (a few seconds or minutes).

Other disadvantages of buying the drug with Bitcoin are as follows:

• Bitcoin Price Fluctuates. The price of Bitcoin is constantly changing, especially in recent times. Constant fluctuation forces online pharmacies to constantly change the price of drugs.
• Bitcoin Isn’t Accepted by All Pharmacies. Many online pharmacies have started accepting Bitcoin, for example, MedExpress in the UK (this was due in part to the change in the status of Viagra to OTC medicine in Britain), but so far it has not become a very common method of payment.
• No Buyer Protection. If you paid to an untrusted seller, and it did not send anything, you can do very little or nothing. This problem can be solved with the help of escrow service, but in this case these services will play the role of a bank, which contradicts the essence of cryptocurrency. Therefore, if you are going to pay with Bitcoin, choose only reliable pharmacies.

The Bottom Line on Buying Viagra with Bitcoin

Thus, use bitcoin to pay at canadian pharmacies is a good and quick way to get the drug. However it has some drawbacks. In particular, not all pharmacies accept such payments, and the transaction time can be long. If speed is very important to you, use classic payment methods such as VISA, MasterCard or American Express. If you crave for full privacy, buy Viagra with Bitcoin.

Perhaps in the future, cryptocurrencies will become the most popular method of payment on the Internet.