Looking forward to buy bitcoin with PayPal but find it difficult? In this guide we will show you a popular method of buying bitcoin with PayPal using VirWoX.com, a virtual currency exchange site that primarily caters to the currencies of various virtual worlds (such as Second Life and Avination). First you have to buy Linden Dollars for real-world currency i.e. USD and EURO, and then buy BTC for your Linden Dollars.
Because of the fraudulent risks / hacked paypal account risk is involved, VirWoX restricts deposits via PayPal and Credit Cards deposits for a limited time.
|PayPal / Credit Card||Deposit Per 24 hours||Deposit Per 30 days|
|Upon Registration||60 EUR||180 EUR|
|After 10 Days||100 EUR||500 EUR|
|After 60 Days||200 EUR||2,000 EUR|
|After 90 Days||300 EUR||3,000 EUR|
|By Request Only||8,000 EUR||80,000 EUR|
Note : There is no limit on withdrawals, in some cases it may take up to 48 hours maximum for Bitcoin withdrawals.
Buy Bitcoins With Paypal & Credit Card
Step 1. Go to VirWoX and and click on “Not registered yet” link.
Register an account with them. Fill out your username and email address. Fill out any name you like where it asks for “avatar name”. Once registration is finished, login to your account and ignore the message saying “your avatar connection has not been validated yet”, you don’t need to verify your avatar.
Step 2. Now login to your account and change your password. Login again with new password and click on Deposit button in left sidebar and add some funds (USD / EUR) to your Virwox account, using Paypal, Credit Card, UKASH, Paysafe Card, Money Bookers, Sofort banking or Neteller.
Step 3. Now buy some SLL with the funds you added in previous step. SLL aka Linden $ is currency of The virtual world, Second Life. To buy SLL, navigate to left sidebar and go toExchange >>>USD/SLL or EUR SLL, depending on your currency. We will later use these SLL to exchange with Bitcoins.
Step 4. Once you have filled some SLL in your account, go to the Exchange >>> BTC/SLL and buy Bitcoins with your SLL.
There are two options to trade SLL for Bitcoins :
1. You want your order executed immediately: In this case, you would simply accept the current best available rate, and place a “market order“.
2. You are willing to wait for an even better rate: In this case, you place a “limit order” and specify your desired rate. Of course, your order will only get executed if and when somebody is willing to accept your offer.
Step 5. That’s it, now you own bitcoins in your VirWoX wallet, you can transfer these bitcoins to your personal wallet. Just go to “Withdraw” on the left side and add the bitcoin payee address, bitcoin amount and hit the withdrawal button.
Step 6. That’s all folks! If you still have any doubt then check out the following video which describes all the steps one by one.