If you know nothing about crypto and have never paid with crypto for anything before, don’t worry, it is not much different than using Paypal or Venmo, and a lot easier than ordering an international bank transfer. All you need is your driver’s license, credit card, smartphone, and about 15 minutes (spread over a couple of days).

1. Open a CRYPTO account

To pay with crypto, you first need a crypto account. The two largest exchanges (crypto’s equivalent of banks) are Crypto.com and Coinbase, but there are many others. You can use any of them and the process will be very similar.
In this guide, we are using Crypto.com because it’s the easiest to use and they don’t charge any fees on credit/debit card deposits (Coinbase charges a 4% fee). They also charge only $0.80 to send your USD Coin payment to us.

  1. On your smartphone, go to the App Store / Play Store and download the Crypto.com app: iOS, Android

  2. (Optional) When you open the app, you will have the option to “Add Referral Code” to get free $25. You can use Bali Retreat’s code m3222afnxf or ask your friends/family for theirs (the referrer will also get $25)

  3. Tap “Create New Account”. A series of screens will then guide you through the process, during which you will input and verify your email, phone number, and driver’s license or passport.
    (In some cases, there will be a 24-hour verification hold on your new account before you can proceed to the next step).

2. Buy crypto

Now you have a verified crypto account and need to fund it. The crypto you’ll be buying is really just a digital version of the US dollar, called USD Coin. Unlike bitcoin or other crypto, USD Coin doesn’t fluctuate in value; one USD Coin is always equal to one US dollar. That makes it perfect for payments because you won’t have to worry about exchange rates.

  1. Go to the “Accounts” tab on the bottom of the Crypto.com app, select “Fiat Wallet”, then tap “Buy Crypto”

  2. From the list of cryptocurrencies, select USD Coin (USDC)

  3. Select “Credit Card”, put in the amount of USD Coin you’re buying (the dollar amount of your booking), add your credit card number, and complete the purchase

Note: If your credit card company hates competition and blocks purchases of crypto, you will need to fund your account by a bank transfer instead. Go to “Fiat Wallet” from the “Accounts” tab and tap on “Transfer” and then “Deposit”. There you’ll find the bank account details to send the wire transfer to.

Depending on your bank, it will take a few days for the transfer to be processed, so if you’re funding your crypto account by a bank transfer, please let us know, we’ll hold your reservation.

3. Make a payment

Okay, you now have a crypto account with the amount of USD Coin you need for the reservation and all that’s left to do is to send the payment to Bali Retreat.
(Make sure your deposit is showing as COMPLETED, if it is still marked PENDING you won’t be able to make a payment yet).

  1. Go to the “Accounts” tab on the bottom of the Crypto.com app. Under “Crypto Wallet” select “USD Coin”, tap “Transfer”, tap “Withdraw”, then “External Wallet”

  2. Make sure “Wallet Address” tab is selected, tap the “+” sign in the upper right corner, select “Wallet Address” as the withdraval method, leave the network as “Cronos”, then tap the QR code symbol in the “USD Coin Address” field and scan the QR code below to fill in the wallet address (you need to open this page on another device so you can scan the QR code below with your phone):

 

(OR, very diligently, copy and paste the wallet address below if you don’t have another screen you can use and can’t scan the QR code with your phone)

Bali Retreat’s USDC Wallet Address:

0xF6724054E36743eC34AD57925DB1b2EE4d791080

 

3. Double check the wallet address is correctly entered. Then, as “Wallet Name”, put “Bali Retreat” and tap “Continue”.

4. Now tap “Withdraw USDC” next to Bali Retreat’s wallet and put in the amount to transfer.
In the “Send Note” field put the first and last name under which the reservation was made.
On the confirmation screen, verify that everything is correctly entered, and tap “Confirm”.

That’s it, your booking is now completed. Within 24hrs (but usually much faster), you’ll receive an email from us confirming your payment and your reservation.

Consider sending first a small deposit as a test

If you’re new to crypto and want to make sure everything is hooked up correctly before you make your payment, we highly recommend that you first send only a small deposit, say $100, and wait with sending the balance only after we have confirmed with you that we received it.