As the payment with cryptocurrencies can lead to some confusion and is a risk when used wrongly, please make sure to have a look at the following chapters.
Unless like in a normal online shop you can not pay with your countries currency like USD or EUR here at Cannazon. Instead of that we accept cryptocurrencies as a payment method.
Currently you can pay with either Bitcoin or Monero. Both are separate cryptocurrencies with different advantages. Please see the next chapters for more information.
A cryptocurrency is a digital or virtual currency designed to work as a medium of exchange. It uses cryptography to secure and verify transactions as well as to control the creation of new units of a particular cryptocurrency. Essentially, cryptocurrencies are limited entries in a database that no one can change unless specific conditions are fulfilled.
Centralized vs. blockchain payments
With this approach cryptocurrencies do not rely on central banks or trusted third parties to verify transactions.
Cryptocurrencies are decentralized and run by a network of computers instead of a single person or a company. The money you own is stored in a digital wallet you keep in the cloud or offline on a PC and can be sent to someone via a computer or a mobile device like a smartphone. Each transaction is recorded in what is called a blockchain that is publicly available to all currency holders.
To learn more about cryptocurrencies and how they work, please have a look for example at blockgeeks.com.
As already said before, both Bitcoin and Monero are cryptocurrencies. Let us have a look at the differences and advantages.
The cryptocurrency Bitcoin was created in 2009 by a programmer or group of programmers using the pseudonym Satoshi Nakamoto.
Each bitcoin can be broken into fractional units, with up to eight decimal places of precision. For example, if one bitcoin is worth $1,000, and you need to pay for a $20 item, then you would send 0.02 bitcoins (abbreviated BTC).
All information is transparent. Details of every financial transaction involving Bitcoin are available on a public "ledger" known as the blockchain, for everyone to see. While personal information is not visible, you can see what amount was transferred, and what Bitcoin address it was sent to. This makes it easy to verify transactions, and makes it impossible for Bitcoin to be manipulated by any person, organization, or government.
As all information is available to the public, there is a need to obfuscate the journey of your transactions by tumbling your coins.
Same as Bitcoin, also Monero is a cryptocurrency.
In contrast to Bitcoin, Monero transactions are completely private due to the architecture of Monero. With this, no one will be able to see how much Monero you own, to which addresses you send it to or from where you receive it.
This makes it very attractive for the usage on the Darknet, why we do recommend using Monero over Bitcoin.
People who wish to hold and spend Bitcoin or Monero must create a wallet, which stores the information needed to complete transactions. The coins themselves remain a part of the blockchain, but your wallet contains the information necessary to access and use your own coins.
To send coins to someone else you need to know an address where you can send the coins to. This is something simliar to a bank account number. This address belongs to the wallet of the person you want to send the coins. If you now send the coins to the address, they will appear in the recipient's wallet. The same process applies when someone sends coins to your address.
Escrow is a safe method to order online and it is used almost everywhere on the darknet. When you order a product with the escrow method, the money is not directly transferred to the vendor after the checkout process, but it is locked in a safe wallet. When you receive the goods you have to finalize the order from the order page. With this step the vendor gets paid.
In contrast to that orders with the Finalize Early (FE) option are not protected by escrow. Here the vendor gets paid directly with shipping the order. For more information on this topic please have a look at the order chapter.
No, you should pay the exact amount that is displayed at your order. However, you can ask the vendor in a message if you want to give a tip.
Please make sure to pay your order in the payment window of 20 minutes and make sure to pay the exact amount that is displayed. Do not send your coins from a provider like Coinbin or a tumbler, as they do not send out the coins immediately. Instead use your own wallet like Electrum for Bitcoin or the official Monero wallet, as described in our guides.
If your paid from your local wallet and your payment still does not arrive, you can check for the Bitcoin transaction on blockcypher.com or for Monero on dvwae436pd7nt4bc.onion (MoneroExplorer.com). Search for the Bitcoin / Monero address you have sent your payment to. If your payment is shown there but does not have a confirmation yet, please wait another 10-15 minutes. If there is no payment shown then your coins have never been sent and there is some problem with your local wallet.
If there is a successful transaction with the correct amount and your order does not get marked as paid, please directly open a support incident.
After the payment window of 20 minutes the order is not directly canceled, but updated with the current exchange rate. So if you paid after the payment window, please make sure to send the amount that is displayed on the order page.
If you have paid too much, please open a support ticket to get your refund. Make sure your refund address is up to date in this case.
If you have paid too less, head over to the order page and pay the amount is missing. The payment will be detected correctly after that. If the order got canceled already, please open a support ticket to get your refund.