Paypal is one of the most trusted and popular services for online transactions these days. Paypal is everywhere now, as many merchants and traders have adopted it with open arms.
Bitcoin is another method of conducting online transactions, which
has carved out its own place in the market. Bitcoin is a decentralized,
digital currency, with a fixed supply, that reduces the need for using
physical or hard money.
On one hand, Paypal makes online, fiat transactions fast and easy. On
the other hand, Bitcoin is both a currency and payment system that
operates independently of the fiat monetary system
Buying bitcoins with PayPal is hard and confusing. Luckily, today we'll show you how easy and fast it can be.
We've put together the complete guide on how to convert PayPal to bitcoin.
Therefore, we will show you how to use Virwox to successfully buy bitcoins through Paypal.
VirWoX is the easiest and most popular way to buy bitcoins with PayPal.
VirWoX is the workaround/hack discussed in this guide.
It's not super simple, but yes it really works and is the best way to buy bitcoin with PayPal today.
Technically, VirWoX is not a Bitcoin exchange.
VirWoX primarily serves as a market for Second Life Lindens, a currency used in the virtual world, Second Life.
Although
you cannot buy bitcoins with PayPal directly through VirWoX, it is
possible to buy Second Life Lindens (SLL) and then sell these for
bitcoins. While complex, this process works reliably.
The major drawback is that all the associated fees total roughly 10%.
A quick step-by-step guide on how to buy bitcoins with PayPal on VirWoX exchange:
- Visit the website Virwox.com
- Register for an account on that website.
- Deposit dollars or euros using PayPal to VirWoX exchange.
- Purchase "Second Life Lindens" with your USD or EUR
- Buy bitcoins with your "Second Life Lindens"
- Withdraw the BTC to your own Bitcoin wallet! (Try , Exmo)
Step 1: Visit the official website of Virwox and
register for an account. You need to ignore the message, “your avatar
connection has not been validated yet.”
Click Here To Buy Bitcoins with Paypal & Credit Cards using Virwox.com >>
Step 2: Click on the “Deposit” button on the sidebar:
Step 3: Choose how you want to deposit your money—you can use Paypal or Credit cards using Skrill payment. Note that you can only deposit limited amounts of money every 24 hours. Your 24 hour deposit limit will be raised as you complete successful transactions. A failed transaction will still be deducted from your daily limit, so be careful with the details enter while preparing your Paypal or credit card payments.
Step 4: Once you finish your deposit, you need to convert the USD or EUR to SLL. Just click the “place a sell order” button or click the USD/SLL button on the sidebar:
Step 5: Choose how much USD you want to convert to SLL and click “Next.”
Step 6: After Clicking “Next,” you need to confirm your order
Step 7: After you have converted your USD to SLL, all
that is left to do is to convert the SLL to BTC. To do this, Just click
on the “BTC/SLL” button on the sidebar
Step 8: On the next screen, enter the mount of bitcoins you want to buy using your SLL.
Step 9: After your transaction has been confirmed, you
will be able to withdraw your bitcoins and send them to your wallet;
click the “Withdraw” button on the sidebar.
Step 10: Enter the amount of bitcoins you want to Withdraw, then enter your Bitcoin address and click the “Request Withdraw” button. Note: on your first time there, may be a 48 hour delay until your bitcoins are sent to your wallet. This delay is placed to help prevent fraud. After your first transaction, though, the withdrawal will be instant, and it can be traced in the Blockchain.
Here is one of my last transaction ;
In conclusion, this method is the easiest way to buy bitcoins using paypal and credit cards;
Hop you like this method !!!!
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