Buying Bitcoins with PayPal is a complicated process! Use our helpful guide and discover how to buy Bitcoins with PayPal, how to exchange them, and much more!
The truth is that buying Bitcoins with PayPal is confusing. Luckily for you, you have come to the right place. In this article, we are going to show you how easy, simple, and fast it can be to buy Bitcoins.
We will present you our helpful guide on how to convert Bitcoin to PayPal or Paypal to Bitcoin. Before we continue, we would like to present you the best way to buy Bitcoins with PayPal.
VirWox is known as the simplest and most popular way to purchase Bitcoins with PayPal. It is not super easy, but according to experts, it is the best way to purchase Bitcoins with PayPal today.
PayPal to Bitcoin Exchange
Technically speaking, VirWox is not considered as a Bitcoin exchange. It serves as a market for Second Life Lindens which is a currency used in the digital world. Even though you can’t buy Bitcoins directly with PayPal through VirWox, you can buy SSL or Second Life Lindens and then sell these to buy Bitcoin. We know that it sounds complicated to you, but we can ensure you that the process works reliably. The only problem is the fees associated with the process. The fees are around 10%.
Here is a helpful guide on how to purchase Bitcoins with PayPal:
- You should deposit euros or dollars using PayPal to VirWox exchange
- The next step is buying SLL or Second Life Lindens with your euros or dollars
- Purchase Bitcoins with your SLL
- The final step is withdrawing the BTC directly to your own Bitcoin wallet.
You should know that there are pros and cons related to this process. The advantage is that this is the simplest and maybe the only reliable option to buy Bitcoins with PayPal, and the disadvantage is the fee. As we said before, there is around 10% in fees to purchase Bitcoins with PayPal.
We should inform you that you may need to wait a few days after creating your own VirWox account before you are allowed to deposit money. Once everything is verified, you can make your first deposit. After your first deposit, all deposits in the future can be made instantly.
Before you start buying Bitcoins, you first need a Bitcoin wallet. The Bitcoin wallet is used to withdraw your coins after your purchase. There are great online tutorials and instructions you can follow to create your Bitcoin wallet.
— AllThingsAltBitcoins (@alt_bit_coins) 8 de diciembre de 2017
Additional Reading: 5 Factors To Consider When Selecting A Bitcoin Exchange In Canada