Buying Bitcoins online with Paypal - VirWox tutorial
Buying Bitcoins online with Paypal - VirWox tutorial
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Quick Tutorial - How to exchange bitcoin for paypal !
This is a quick tutorial just to show you guys how to exchange your bitcoin for paypal money 1 - Register on VirWox - https://www.virwox.com/ 2 - Go to deposit, then generate a bitcoin address to deposit your btc 3 - Now wait for your bitcoin to get confirmed, then go to BTC/SLL 4 - Buy the maximum SLL you want, and go to USD/SLL 5 - Sell the maximum SLL you want, and go to withdraw 6 - Enter your paypal email and confirm 7 - Done ! You will receive the money in 1 minute
This is for BTC noobs like myself. I recently decided to play around with BTC a bit to the tune of ten dollars or so. The quickest and safest mechanism seemed to be through PayPal via the Virtual World Exchange, or VirWox. A number of guides and tutorials made reference to the site so I figured I'd give it a go despite mention of "slightly higher" fees. My experience with VirWox left me with a few points that I thought others might benefit from being made aware of. 1). All BTC transactions are minimum .02 BTC, an arbitrary limit not imposed on other currencies on VirWox. This is NOT listed anywhere on their FAQ. 2). In addition to a 3.5% deposit fee, VirWox charges 3% fees on each currency conversion As two conversions are necessary to go from PayPal to BTC, this brings the total fees up to about 10% not including PayPal's cut, just to get your money into BTC form on their exchange. 3). VirWox takes a .002 BTC fee on any BTC withdrawals amounting to a full 10% of a minimum BTC transaction thus bringing total fees on a minimum order to a fairly astronomical 20%. 4). VirWox states that first-time BTC orders will be delayed by 48 hours. In fairness to them this is acknowledged in their FAQ but their wording is not terribly clear.
"While most withdrawals to PayPal, NETELLER, Moneybookers, and Bitcoin accounts are processed instantly, we manually check some of them for security reasons (for example of new accounts). They will be processed within 48 hours. In any case, you will receive an email confirmation when the withdrawal has been processed. Note: For security reasons, the first withdrawal of bitcoins will always be delayed by 48 hours."
So it will be processed within 48 hours? Delayed by 48 hours and then processed within 48 additional hours? Which is it? 5). Repeated emails to their customer service have proven useless in regards to ascertaining information about the duration of the delay. I emailed VirWox to ask if I had to wait a full 48 hours or if there was a chance that the transaction could be processed sooner. Upon doing so I was ever so helpfully referred to the FAQ which didn't answer the question at hand. After emailing VirWox a second time with the same question rephrased, I was told that "disclosing the rules which payments are selected for a manual review would be counter-productive". I've emailed a third time, again asking the same question regarding delays. Stay tuned for more lulz. Now I'm wondering if I should just dispute payment on Paypal and walk away from this giant mess. tl;dr - VirWox seems a bad choice for those wanting to buy a small amount of BTC to play around with. Update After repeatedly asking if I had to wait a full 48 hours, I was told by VirWox customer support: "The thing is we will not answer such questions. Like Coca Cola will not reveal the formula for coke." Maybe this belongs in WTF.
There are many ways to get some bitcoins. You can get some with mining but for being honest this ways is actually more expensive than buying some. I had good expierence with Virwox (www.virwox.com). There you can buy Bitcoins with Paypal. They take a - in my opinion huge - provision but its the easiest way to get bitcoins within hours. First you have to buy some Linden-Dollars there but then you can convert them to Bitcoins. The fee in sum is about 10 % I think but its fast. Be careful because when you buy bitcoins there with your creditcard or with paypal or other payment methods you are NOT anonymous. So you have to tumble your coins, ie. with bitcoinfog (www.bitcoinfog.com or http://foggeddriztrcar2.onion/). You can also send your bitcoins to different wallet addresses to tumble them but they do it for you for a small fee. Be warned. Bitcoins are not 100% anonymous!!! Other ways to get some Bitcoins? Buy them on marketplaces like localbitcoins.com - there you can also buy bitcoins from people near to your area by cash for example. Use ebay! There you can buy also Bitcoins but they are not cheap!!! and so on! You like my tutorial? Register here for Agora: http://agorahooawayyfoe.onion/registeev7yTopdlU or donate: 16uMbEbDz2iDNjVxZmagYU7ZG1SaAsB81h
VirWox is not a typical bitcoin exchange but a SLL(Linden) exchange. Before buying bitcoin on VirWox you first to buy SLL then convert that SLL into bitcoin. This might sound like a complicated process for beginners, but worry not. This guide will take your through process and you’ll be able to buy bitcoin with paypal in no time. Here are the Virwox is an exchange that enables you to buy Bitcoin together with Linden Dollars as well as other virtual globe currencies coming from sites similar to Second Life and others.. It is a great place for getting fast BTC.You can pay by Credit Card, Paypal, Sofort Banking, PaySafeCard, MoneyBookers and Skrill.They will certainly charge a little fee however its by far the easiest way to acquire Around a year ago I posted a tutorial on how to buy Bitcoin with Paypal. That method was great for buying Bitcoin with Paypal back then. Since the massive increase in the Bitcoin rate this year, I no longer recommend that method. In this post I will explain why you should stay away from Virwox. 5. Withdraw Your Bitcoins to Add them to Your Bitcoin Wallet You right now have bought Bitcoins in VirWox which is reflected in your BTC balance. But you can also withdraw these Bitcoins to your own Bitcoin eWallet through VirWox. This is easy. Just click the Withdraw link in the left menu of your VirWox account. Felix Kster November 10, 2017 1597 no comments VirWox (stands for Virtual World exchange) attracts a lot of attention currently because it is one of the main ways peoplebuy Bitcoin with PayPal. Many people claim that VirWox is legit while others say its a scam. I have been buying and selling through them for almost 4
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The Virwox Process is a bit long, but as of now, it is the only "automatic" way to buy bitcoins with paypal online that i know of. 1) Register with Virwox 2) Go through the verification process Das Kaufen von Bitcoin mit PayPal ist recht kompliziert. Dieses Video hilft Dir dabei, Bitcoin mit PayPal über einen Umweg einzukaufen. Dafür musst den Zahlu... http://bitcoinworldwide.net/ - In this video, Jonathan will show you how to withdraw money from btc-e in the form of bitcoins and converting it to USD at virwox. Then ... Step 2: Get your VirWox Bitcoin address by clicking "Deposit" Step 3: Go to Mt.Gox, Funding Options, Withdraw funds, Enter the amount you want to sell and your VirWox Bitcoin address (This ... BITCOIN 101: DON'T TRUST YOUR COINS WITH CENTRALISED THIRD PARTIES.They have failed people for various reasons. Have YOUR OWN wallet. USE A TREZOR device or a paper wallet for large amounts of ...