Languages: English Español
Currencies:
Use "DIS10" Discount code to get 10% discount on your order. Minimum order amount should be $20.

SPECIAL NOTICE TO ALL:   Never take a medication without first consulting and getting permission from your MD. Medicina Mexico knows that keeping your customers happy, secure and safe is more important than making money and will always result in repeat customers.

By checking your online account, you will see your current and prior orders including your Order Number and any and all payments received.

Because our staff is so busy processing orders from all over the world each day we were forced to make some tough decisions. We are no longer taking phone calls, or adding shipping information into the web servers. We do answer all emails within 2 hours and that will never stop.


All order are shipped within 48 hours of receipt of funds unless we are out of stock on a medicine. We are now informing our customers of orders that are out of stock by email. Please do not send us an email asking if your order has shipped as we are too busy packaging orders and this takes away from our time to ship orders. The only exception is Express and International Express.

Please NOTE: Funds received without an order number are placed into our SUSPENSE ACCOUNT until we are able to determine the correct owner and order number. To avoid this, please always send an email to:  sales@meds.com.mx  along with your order number and the fact that you made a payment.

The UNITED STATES and some other countries require a prescription on all medications sold from Mexico. They further require documentation in English and an invoice of all medicines sold for customs.  For these countries, Medicina Mexico is now delivering your medicines to Dr. Isaac Reyes, MD (Ced. Federal 644884) (Ced. Estatal 1537-02/05) along with the required documentation including documentation on each medications sold in English is from Wolters Kluwer.   Dr. Reyes upon receipt of your medication will issue a prescription and provide for shipping pursuant to your order.  If for any reason, Dr. Reyes fails to issue a prescription for a specific medication, then you will receive a refund or credit.

Medicina Mexico based upon a customer's shipping address will start to remove all medications that are prohibited in certain countries.

Licensed pharmacies in Mexico are only allowed to sell medications, either brands or generics, from an approved pharmaceutical which has passed testing and has subsequently been authorized by the Mexican Government.

If you look on the left hand side of any of our web pages at (About US) you will see our licenses, permits and our Regulatory Body.

PLEASE TAKE NOTICE: Our email address is:  sales@meds.com.mx or meds.com.mx@gmail.com

   
   
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How to pay Medicina Mexico

Para Española Clic Aquí

Updated June 3, 2018

The major credit card companies issued a worldwide policy that prevents all licensed pharmacies from accepting credit cards from customers outside of their licensed jurisdiction.   Our licensed jurisdiction is Mexico.   That means we can only accept credit cards from Mexican Citizens and individuals that are present in person at one of pharmacies at the time of purchase.

This credit card policy was setup to try and stop the illegal pharmacies from selling counterfeit medications which results in many deaths each year. Medicina Mexico supports this policy.

For a copy of Visa current policy, please email us and we will send it to you.

One thing you know for sure, if there is an online pharmacy accepting credit cards outside of their license jurisdiction then they are in fact FRAUDULENT. Watch out because you can better believe that the medicine they are selling is CONTERFEIT which could cause your death.

U.S. CUSTOMERS, PUERTO RIO & all US Territories

There are many ways to pay Medicina Mexico. They are numbered A through F.   Please use one of these ways to pay for your order with Medicina Mexico.

Please note: All checks must to be payable to Stephen Cohen and not Medicina Mexico.    The reason being, Medicina Mexico does not have bank accounts outside of the Country of Mexico.

Please Note: Mr. Cohen has registered with the United States Government's Department of the Treasury (FINCEN) as a Money Service Business and he is bonded and authorized to accept payments on behalf of Medicina Mexico, SA de CV.

A.   You can pay by Check, Money Order, Official Check or by a Cashier's Check.

Once you have made out your check for your order payable to Stephen Cohen then:

  1. Please place your order number onto the check;
  2. Please make a photocopy of your check, or you can take a picture of the check with your smartphone;
  3. Please email the picture or the photocopy of your check to sales@meds.com.mx


PLEASE NOTE: The check picture must be clear with all 4 corners shown. Please do NOT take a picture at an angle. The picture should be from top to bottom. Please do not write over the bank numbers and there can be NO cross outs otherwise the bank's computers are unable to read your check.

The original Check, Money Order, Official Check or Cashier's Check is for you to keep as your receipt.

Because we receive over 850,000 payments per day worldwide, it is very important that you always put your order number onto your payment.

Payments received without order numbers are placed into a SUSPENSE ACCOUNT until the correct owner can be located. This will delay shipping of your order.

Please e-mail all payments to: sales@meds.com.mx along with your Order Number.

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or you can pay

B.   Using your Bank's Bill Pay Programs

Most Bill Pay programs will allow you to pay a bank account directly.

All Bill Pay payments are to be paid to: Stephen Cohen or Baja Pay. The reason for paying Mr. Cohen is because Medicina Mexico does not have bank accounts outside the Country of Mexico.

Once you have completed this transaction, then please send an email to: sales@meds.com.mx along with your order number so we can apply your payment to your order and then ship your order. Failure to do so may result in your funds being placed into our SUSPENSE ACCOUNT.

PLEASE TAKE NOTICE: Some Banks Bill Pay programs will mail a check instead of making a direct deposit.

Ask your bank to make a direct deposit if possible.

Please always have your Order Number on your deposit slip or on the bank's Bill Pay Check. Always make sure that the order number is written on the left hand side of the deposit slip so we can apply your payment to your order.

If your bank is going to mail a Bill Pay Check then please have them mail the check to:

Stephen Cohen
P.O. Box 210892
Chula Vista, CA 91921-0892

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or you can pay

C.   Using Electronic currencies such as BITCOINS, BITCOIN CASH, DASH, LITECOIN or Ethereum.

There are many companies that will allow you to use your Visa, MasterCard, American Express or your bank account to purchase electronic currencies for the exact amount of your order.

Electronic currency instructions are listed at the bottom of this document. Most sell or purchase all the electronic currencies listed above.

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or you can pay

D.   By making a direct deposit into any of the banks listed below

Please always write your order number onto the Deposit Slip.

Your Order Number should be on the center left hand side of the deposit slip so we can apply your funds to your order number and ship your order.

Please Note: Medicina Mexico takes in over 850,000 payments worldwide per day. If your order Number is not on your deposit slip, then your funds will be placed into our "SUSPENSION ACCOUNT" until we can locate the owner of the funds and this will cause a delay in the shipping of your order.

Baja Pay is owned by First National Bank in Mexico.

After you make your deposit, please send an email along with your order number to:
sales@meds.com.mx so we can apply your funds to your order and then ship your order to you.

SPECIAL NOTES FOR BANK OF AMERICA CUSTOMERS:
When using Bank of America's "Zelle" always send the money to meds.com.mx@gmail.com. That way the funds will be deposited immediately instead of a check being mailed.

Bank Name: Bank of America
Account Holder: BajaPay
Account Number: 3250 3959 9306
Routing Number: 121000358
Email: meds.com.mx@gmail.com

NOTE: The above account with Bank of America Bill is in the name of Baja Pay.

SPECIAL NOTES FOR BANK OF AMERICA CUSTOMERS:
When using Bank of America's "Zelle" always send the money to meds.com.mx@gmail.com. That way the funds will be deposited immediately instead of a check being mailed.

Bank Name: Bank of America
Account Holder: Stephen Cohen
Account Number: 3250 8040 8611
Routing Number: 121000358
Email: meds.com.mx@gmail.com

NOTE: This is Mr. Cohen's personal account and Bill Pay will work with this account as a direct deposit.

SPECIAL NOTES FOR CHASE BANK CUSTOMERS:
When using Chase banks "Zelle" always send the money to stephencohen60@gmail.com. That way the funds will be deposited immediately instead of a check being mailed.

Bank Name: Chase Bank
Account Holder: BajaPay
Account Number: 675605377
Routing Number: 322271627
Email: stephencohen60@gmail.com


SPECIAL NOTES FOR WELLS FARGO CUSTOMERS:
When using Wells Fargo "Zelle" always send the money to medicinamexicosales@gmail.com or you can use steve@36.com.mx. That way the funds will be deposited immediately instead of a check being mailed.

Bank Name: Wells Fargo Bank
Account Holder: Stephen Cohen
Account Number: 1388206722
Routing Number: 121042882
Email: medicinamexicosales@gmail.com

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or you can pay

E.   Using Walmart 2 Walmart

When using Walmart, it is a lot cheaper to purchase a money order for .50 cents then sending a wire. If you purchase a money order than please send a photocopy to:  sales@meds.com.mx along with your order number.

If you decide to send a wire from Walmart then you will be paying Stephen Cohen in San Diego, California.

Once your payment is completed with Walmart then please send a copy of the Walmart Transfer Number to: 
sales@meds.com.mx along with your order number.

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or you can pay

F.   Using MoneyGram or Western Union

PLEASE NOTE:   We only accept Money Orders from MoneyGram in the United States. DO NOT SENT A WIRE!

If you are going to send a wire from Western Union then you MUST direct Western Union to deposit the funds into one of the U.S. Bank Accounts listed above.

Both companies have policies against using their service for the purchase of Medicine and they monitor their wired funds.

HOWEVER, both MoneyGram and Western Union does not monitor their MONEY ORDERS.

Once you purchase a Western Union or MoneyGram Money Order then please make it out to Stephen Cohen. Then please send a photocopy of your money order to:  sales@meds.com.mx along with your order number.

In the alternative you can take a clear picture showing all 4 corners of the money order and email it to:  sales@meds.com.mx along with your order number.

The original Money Order is for you to keep as proof of payment.

PLEASE TAKE NOTICE:

WorldRemit, and PayPal have policies that will not allow their services to be used for purchase of medicine.

Do not send Popmoney to Mr. Cohen. Popmoney knows moneys sent to Mr. Cohen is for the purchase of medicine and they will not deliver the funds.

Popmoney can be used on a direct deposit to one of our bank Accounts.


AUSTRALIAN CUSTOMERS

Our legal representative for Medicina Mexico is Mr. Stephen Cohen.    Mr. Cohen has a bank account in Australia.   There is no fee to deposit money into his account.   Please Note:  The money is in AUS (Australian Dollars) and you will have to deposit the difference between U.S. Dollars to Australian Dollars.  The bank information is:

Bank: St. George Bank
Account Stephen Cohen
BSB: 112-879
Account: 468402195
Routing Number: 021000021

Please send an email to sales@meds.com.mx with proof of payment so we can credit your account and ship your order immediately once you have deposited money into Mr. Cohen’s account.

Payments using Electronic currencies such as BITCOINS, BITCOIN CASH, DASH, LITECOIN or Ethereum.

There are many companies that will allow you to use your Visa, MasterCard, American Express or your bank account to purchase electronic currencies for the exact amount of your order.

Electronic currency instructions are listed at the bottom of this document. Most companies sell or purchase all the electronic currencies listed above.

CANADIAN CUSTOMERS

Most Banks in Canada will offer their customers a U.S. Money Order, or a check drawn on a U.S. Bank payable in U.S. Dollars.

Please do not purchase a Money Order from Canadian Post as they only issue Money Orders payable in Canada

Once you have purchase a check or money order drawn on a U.S. Bank then please do the following:

  1. Please make the check or money order payable to Stephen Cohen;
  2. Please place your order number onto the check;
  3. Please make a photocopy of your check;
  4. Please email the photocopy to sales@meds.com.mx

PLEASE NOTE: The picture of the check or money order must be clear with all 4 corners shown. Please do not write over the bank numbers and there can be no cross outs otherwise our bank's computers are unable to read your check.

The original Check, Money Order, Official Check or Cashier's Check is for you to keep as your receipt.

Payments using Electronic currencies such as BITCOINS, BITCOIN CASH, DASH, LITECOIN or Ethereum.

There are many companies that will allow you to use your Visa, MasterCard, American Express or your bank account to purchase electronic currencies for the exact amount of your order.

Electronic currency instructions are listed at the bottom of this document. Most companies sell or purchase all the electronic currencies listed above.

Bank Name: Chase Bank
Account Holder: BajaPay
Account Number: 675605377
ABA Number/Routing Number: 322271627
SWIFT Code: CHASUS33
Type of Payment U.S. Dollars
Bank Address: 1100 Palm Ave
Bank City and State: Imperial Beach, CA 91932 USA

Once you have completed the wire transfer then please send an email to: sales@meds.com.mx along with your Order Number and the amount you wired including all transfer information, so we can credit your account and ship your order.

Paying using MoneyGram or Western Union

When using MoneyGram or Western Union, please direct either MoneyGram or Western Union to pay Stephen Cohen's bank account as follows:

Bank Name: Wells Fargo Bank
Account Holder Stephen Cohen
Account Number: 1388206722
Routing Number: 121042882
Email: steve@36.com.mx

Once you have completed the MoneyGram or Western Union Money transfer then please send an email to:  sales@meds.com.mx along with your Order Number and the amount you transferred including all transfer information, so we can credit your account and ship your order.

EUROPEAN CUSTOMERS

In Europe, there are many money Transfer Services that will send money for around 1 Euro to the United States. These are some companies:

cnnmoneytransfers.com

money2anywhere.com

orbitremit.com

transfermate.com

transfast.com

usforex.com

Payments using Electronic currencies such as BITCOINS, BITCOIN CASH, DASH, LITECOIN or Ethereum.

There are many companies that will allow you to use your Visa, MasterCard, American Express or your bank account to purchase electronic currencies for the exact amount of your order.

Electronic currency instructions are listed at the bottom of this document. Most companies sell or purchase all the electronic currencies listed above.

You can also send a Bank Wire to:

Bank Name: Chase Bank
Account Holder: BajaPay
Account Number: 675605377
ABA Number/Routing Number: 322271627
SWIFT Code: CHASUS33
Type of Payment U.S. Dollars
Bank Address: 1100 Palm Ave
Bank City and State: Imperial Beach, CA 91932 USA

Once you have completed the wire transfer then please send an email to: sales@meds.com.mx along with your Order Number and the amount you wired including all transfer information, so we can credit your account and ship your order.

Paying using MoneyGram or Western Union

When using MoneyGram or Western Union, please direct either MoneyGram or Western Union to pay Stephen Cohen's bank account as follows:

Bank Name: Wells Fargo Bank
Account Holder Stephen Cohen
Account Number: 1388206722
Routing Number: 121042882
Email: steve@36.com.mx

Once you have completed the MoneyGram or Western Union Money transfer then please send an email to:   sales@meds.com.mx along with your Order Number and the amount you transferred including all transfer information, so we can credit your account and ship your order.

MÉXICAN CUSTOMERS

You can deposit money into any of these Mexican Banks. The account is in the name of Medicina Mexico, SA de CV.

Once you make your deposit then please send an E-mail to sales@meds.com.mx with a copy of the deposit and your order number.

   

00666003250 Dolars
00667388468 Pesos
                          

                                                                   

0111835998 Pesos

012028001118359984 Pesos - Clabe Interbancario

NEW ZEALAND CUSTOMERS

There are many money Transfer Services that will send money for around 1 Euro to the United States. These are some companies:

cnnmoneytransfers.com

money2anywhere.com

orbitremit.com

transfermate.com

transfast.com

usforex.com

Payments using Electronic currencies such as BITCOINS, BITCOIN CASH, DASH, LITECOIN or Ethereum.

There are many companies that will allow you to use your Visa, MasterCard, American Express or your bank account to purchase electronic currencies for the exact amount of your order.

Electronic currency instructions are listed at the bottom of this document. Most companies sell or purchase all the electronic currencies listed above.

You can also send a Bank Wire to:

Bank Name: Chase Bank
Account Holder: BajaPay
Account Number: 675605377
ABA Number/Routing Number: 322271627
SWIFT Code: CHASUS33
Type of Payment U.S. Dollars
Bank Address: 1100 Palm Ave
Bank City and State: Imperial Beach, CA 91932 USA

Once you have completed the wire transfer then please send an email to: sales@meds.com.mx along with your Order Number and the amount you wired including all transfer information, so we can credit your account and ship your order.

Paying using MoneyGram or Western Union

When using MoneyGram or Western Union, please direct either MoneyGram or Western Union to pay Stephen Cohen's bank account as follows:

Bank Name: Wells Fargo Bank
Account Holder Stephen Cohen
Account Number: 1388206722
Routing Number: 121042882
Email: steve@36.com.mx

Once you have completed the MoneyGram or Western Union Money transfer then please send an email to:   sales@meds.com.mx along with your Order Number and the amount you transferred including all transfer information, so we can credit your account and ship your order.

POLISH CUSTOMERS (Polskich Klientów)

W Europie istnieje wiele pieniędzy transferowe usług, które będą wysyłać pieniądze za około 1 euro do Stanów Zjednoczonych. Są to niektóre firmy:

cnnmoneytransfers.com

money2anywhere.com

orbitremit.com

transfermate.com

transfast.com

usforex.com

Płatność należy udać się do pana Stephena Cohena w San Diego, Kalifornia, Stany Zjednoczone w dolarach amerykańskich.

Payments using Electronic currencies such as BITCOINS, BITCOIN CASH, DASH, LITECOIN or Ethereum.

There are many companies that will allow you to use your Visa, MasterCard, American Express or your bank account to purchase electronic currencies for the exact amount of your order.

Electronic currency instructions are listed at the bottom of this document. Most companies sell or purchase all the electronic currencies listed above.

Można również wysłać "Przelew bankowy", aby:

Bank Name: Chase Bank
Account Holder: BajaPay
Account Number: 675605377
ABA Number/Routing Number: 322271627
SWIFT Code: CHASUS33
Type of Payment U.S. Dollars
Bank Address: 1100 Palm Ave
Bank City and State: Imperial Beach, CA 91932 USA

Once you have completed the wire transfer then please send an email to: sales@meds.com.mx along with your Order Number and the amount you wired including all transfer information, so we can credit your account and ship your order.

Paying using MoneyGram or Western Union

When using MoneyGram or Western Union, please direct either MoneyGram or Western Union to pay Stephen Cohen's bank account as follows:

Bank Name: Wells Fargo Bank
Account Holder Stephen Cohen
Account Number: 1388206722
Routing Number: 121042882
Email: steve@36.com.mx

Once you have completed the MoneyGram or Western Union Money transfer then please send an email to:   sales@meds.com.mx along with your Order Number and the amount you transferred including all transfer information, so we can credit your account and ship your order.

Po zakończeniu transferu, a następnie napisz do: sales@meds.com.mx z kopią dokumentu i numer zamówienia.

SWITZERLAND CUSTOMERS

In Europe, there are many money Transfer Services that will send money for around 1 Euro to the United States. These are some companies:

cnnmoneytransfers.com

money2anywhere.com

orbitremit.com

transfermate.com

transfast.com

usforex.com

Payments using Electronic currencies such as BITCOINS, BITCOIN CASH, DASH, LITECOIN or Ethereum.

There are many companies that will allow you to use your Visa, MasterCard, American Express or your bank account to purchase electronic currencies for the exact amount of your order.

Electronic currency instructions are listed at the bottom of this document. Most companies sell or purchase all the electronic currencies listed above.

You can also send a Bank Wire to:

Bank Name: Chase Bank
Account Holder: BajaPay
Account Number: 675605377
ABA Number/Routing Number: 322271627
SWIFT Code: CHASUS33
Type of Payment U.S. Dollars
Bank Address: 1100 Palm Ave
Bank City and State: Imperial Beach, CA 91932 USA

Once you have completed the wire transfer then please send an email to: sales@meds.com.mx along with your Order Number and the amount you wired including all transfer information, so we can credit your account and ship your order.

Paying using MoneyGram or Western Union

When using MoneyGram or Western Union, please direct either MoneyGram or Western Union to pay Stephen Cohen's bank account as follows:

Bank Name: Wells Fargo Bank
Account Holder Stephen Cohen
Account Number: 1388206722
Routing Number: 121042882
Email: steve@36.com.mx

Once you have completed the MoneyGram or Western Union Money transfer then please send an email to:   sales@meds.com.mx along with your Order Number and the amount you transferred including all transfer information, so we can credit your account and ship your order.

UNITED ARAB EMIRATES CUSTOMERS

In many countries, there are many money Transfer Services that will send money for around 1 Euro to the United States. These are some companies:

cnnmoneytransfers.com

money2anywhere.com

orbitremit.com

transfermate.com

transfast.com

usforex.com

Payments using Electronic currencies such as BITCOINS, BITCOIN CASH, DASH, LITECOIN or Ethereum.

There are many companies that will allow you to use your Visa, MasterCard, American Express or your bank account to purchase electronic currencies for the exact amount of your order.

Electronic currency instructions are listed at the bottom of this document. Most companies sell or purchase all the electronic currencies listed above.

You can also send a Bank Wire to:

Bank Name: Chase Bank
Account Holder: BajaPay
Account Number: 675605377
ABA Number/Routing Number: 322271627
SWIFT Code: CHASUS33
Type of Payment U.S. Dollars
Bank Address: 1100 Palm Ave
Bank City and State: Imperial Beach, CA 91932 USA

Once you have completed the wire transfer then please send an email to: sales@meds.com.mx along with your Order Number and the amount you wired including all transfer information, so we can credit your account and ship your order.

Paying using MoneyGram or Western Union

When using MoneyGram or Western Union, please direct either MoneyGram or Western Union to pay Stephen Cohen's bank account as follows:

Bank Name: Wells Fargo Bank
Account Holder Stephen Cohen
Account Number: 1388206722
Routing Number: 121042882
Email: steve@36.com.mx

Once you have completed the MoneyGram or Western Union Money transfer then please send an email to:   sales@meds.com.mx along with your Order Number and the amount you transferred including all transfer information, so we can credit your account and ship your order.

UNITED KINGDOM CUSTOMERS

In the United Kingdom, there are many money Transfer Services that will send money for around 1 pound to the United States. These are some companies:

cnnmoneytransfers.com

money2anywhere.com

orbitremit.com

transfermate.com

transfast.com

usforex.com

Payments using Electronic currencies such as BITCOINS, BITCOIN CASH, DASH, LITECOIN or Ethereum.

There are many companies that will allow you to use your Visa, MasterCard, American Express or your bank account to purchase electronic currencies for the exact amount of your order.

Electronic currency instructions are listed at the bottom of this document. Most companies sell or purchase all the electronic currencies listed above.

You can also send a Bank Wire to:

Bank Name: Chase Bank
Account Holder: BajaPay
Account Number: 675605377
ABA Number/Routing Number: 322271627
SWIFT Code: CHASUS33
Type of Payment U.S. Dollars
Bank Address: 1100 Palm Ave
Bank City and State: Imperial Beach, CA 91932 USA

Once you have completed the wire transfer then please send an email to: sales@meds.com.mx along with your Order Number and the amount you wired including all transfer information, so we can credit your account and ship your order.

Paying using MoneyGram or Western Union

When using MoneyGram or Western Union, please direct either MoneyGram or Western Union to pay Stephen Cohen's bank account as follows:

Bank Name: Wells Fargo Bank
Account Holder Stephen Cohen
Account Number: 1388206722
Routing Number: 121042882
Email: steve@36.com.mx

Once you have completed the MoneyGram or Western Union Money transfer then please send an email to:   sales@meds.com.mx along with your Order Number and the amount you transferred including all transfer information, so we can credit your account and ship your order.

CUSTOMERS FROM OTHER COUNTRIES

In many countries, there are many money Transfer Services that will send money for around 1 Euro to the United States. These are some companies:

cnnmoneytransfers.com

money2anywhere.com

orbitremit.com

transfermate.com

transfast.com

usforex.com

Payments using Electronic currencies such as BITCOINS, BITCOIN CASH, DASH, LITECOIN or Ethereum.

There are many companies that will allow you to use your Visa, MasterCard, American Express or your bank account to purchase electronic currencies for the exact amount of your order.

Electronic currency instructions are listed at the bottom of this document. Most companies sell or purchase all the electronic currencies listed above.

Many companies are now using bitcoins including Dish TV, Dell, Subway, Amazon, Expedia, PayPal and Microsoft.

You can also send a Bank Wire to:

Bank Name: Chase Bank
Account Holder: BajaPay
Account Number: 675605377
ABA Number/Routing Number: 322271627
SWIFT Code: CHASUS33
Type of Payment U.S. Dollars
Bank Address: 1100 Palm Ave
Bank City and State: Imperial Beach, CA 91932 USA

Once you have completed the wire transfer then please send an email to: sales@meds.com.mx along with your Order Number and the amount you wired including all transfer information, so we can credit your account and ship your order.

Paying using MoneyGram or Western Union

When using MoneyGram or Western Union, please direct either MoneyGram or Western Union to pay Stephen Cohen's bank account as follows:

Bank Name: Wells Fargo Bank
Account Holder Stephen Cohen
Account Number: 1388206722
Routing Number: 121042882
Email: steve@36.com.mx

Once you have completed the MoneyGram or Western Union Money transfer then please send an email to:   sales@meds.com.mx along with your Order Number and the amount you transferred including all transfer information, so we can credit your account and ship your order.

BITCOINS AND ELECTRONIC or DIGITAL CURRENCIES

By Stephen Cohen

Filed copyright through the U.S. Library of Congress

I am writing this for the average person that has no knowledge of Digital Currencies including Bitcoins. There are numerous digital currencies of which BITCOINS is the leader in digital currency.

WHAT ARE BITCOINS and OTHER ELECTRONIC CURRENCIES.

Bitcoin and all other electronic currencies exists in computers in the form of a general ledger that is protected with extreme cryptology. This is the same type of cryptology that the US Government uses to protect its nuclear missiles. This ledger is only updated with the proper cryptology keys and once that is done then the general ledger is updated on everyone's computers at the same time. It is a failsafe system.

There are many electronic currencies. The ones of real value are Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash. We recommend that you do not use any of the other electronic coins as they have no real value.

What gives an electronic coin real value is when merchants are willing to accept that coin in lieu of cash.

Many merchants all around the world now accept Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash as a form of payment and this gives these coins their true innate value.

Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash transactions unlike cash and checks does not need a central bank as they are moved or traded on what is known as a blockchain.   A blockchain is shared public ledger that everyone sees at the same time. 

In short, fraud is impossible because all transactions require community approval to make sure that these transactions are real based upon the correct cryptology keys. This normally takes seconds for verification.


What is a Digital Wallet?

Almost everyone that carries cash has a wallet to hold your cash.   With bitcoins or other forms of electronic currencies, you have a digital wallet.   The difference is the digital wallet has very high encryption that prevents others from stealing your digital money.  Each digital wallet has a unique electronic address that belong to you.

What is a Private Key?

All digital wallets have a private key that proves you are the owner of all bitcoins in your wallet.   It is important that you secure this key.   First print it and store it offline in a secure location.   I keep my private key in my safe in my home.   Never give this key to anyone.

Some companies such as Coinbase will not give this customers access to the private keys.

How safe is are Electronic Currencies such as Bitcoins?

Bitcoins, Bitcoin Cash, Ethereum, Litecoin and Dash are traded the same as all other currencies on the future markets.   What this means is there is a current price to purchase or sell these specific electronic coins. This price changes per second just like the U.S. Dollar.    Think of it like this.   If I have 1000 Euros how many U.S. Dollars can I get?

With Electronic currencies it is not necessary to purchase a whole coin, you can purchase a fraction of a coin.   Example:   Let's say you ordered dinner at your favorite restaurant that costs $52.30 including the tip.   You would only purchase $52.30 worth of a bitcoin to transfer to the restaurant for your meal.

The advantages of Bitcoins

Bitcoin it is a currency that is used worldwide. Every day more and more merchants are now accepting it. Since the transactions fees are so low with bitcoins some Merchants are now giving the customer greater discounts.

With cash you can lose it, or someone can steal it from you.    If you use your credit cards or your debit cards at a store or online, then you always must worry if someone is stealing information.

When using Bitcoins, no one knows who the parties are. What everyone knows is the date and time of the transaction, the amount transferred and the bitcoins addresses. In short, all your transactions are PRIVATE and outside of the various government eyes.

By using Bitcoins there are no bank wire fees, foreign exchange fees or the added bank charges.

The Future

We all know that cash will cease to exist in future.   Today we use credit cards, debit cards and very little cash.   Even checks are becoming obsolete.   Digital Currency will continue to exist where cash will not. Today, major worldwide banks are now starting to accept and trade in Electronic currencies.

Now that you understand Bitcoins and digital currencies let get started.

There are several companies that offer Digital wallets for free and allow you to purchase BITCOINS or portions of a bitcoin using your bank accounts, credit cards or debit cards.

They also will convert your bitcoins into cash and then transfer the cash into your bank account.    Further, they offer simple and easy to use apps for your iPhone or your Android phones.

Setting up an account and getting your bitcoin wallet only take a few minutes.  In the United States, all bitcoin companies are licensed and regulated.   It is simple and fast.  Forbes says these are the best companies to use if you do not currently have a wallet:

Coinbase.com

Bitpay.com

Poloniex.com

kraken.com

bitsquare.io

bitstamp.net

changelly.com

coinsbank.com

quadrigacx.com

Cex.io

Greenaddress.it/en

In almost every country there are bitcoin companies. Just do a google search for Bitcoin Companies in your own country.

Please note: Medicina Mexico has no relationship with any of the companies listed above.

Please DO NOT mention to these companies that you are purchasing Medicine, as many of these companies have policies against using their service for the purchase of medicine.

It is not necessary to leave a reference or an order number since that information is NEVER passed on to the Bitcoin Ledger.

Medicina Mexico issues Bitcoin, Bitcoin Cash, Dash, Litecoin or Ethereum addresses for payments. To obtain one, please send an email to sales@meds.com.mx we will issue you a unique electronic address that is only assigned to you and no one else.

Once you have opened one of our electronic addresses then you will be able to send electronic currencies as payment to Medicina Mexico.

For Medicina Mexico to match your bitcoin payment or other electronic currency with the proper electronic currency Ledger, we will need the following information sent to:  sales@meds.com.mx so we can ship your order.

  1. Your Order Number;
  2. The address we assigned you.
  3. The exact number of electronic coins sent and in which electronic currency you used. Example: Bitcoins.

A lot of companies allow you the ability to enter a reference number. In all cases, that reference number is not passed on to the Bitcoin Ledger which is public information.  

Modified 3-Juno 2018 by Departamento de contabilidad by Enrique Gonzalez Lopez