Buy Bitcoin With PayPal
It's very hard to bring your money in to Bitcoin, it's even harder if you are trying to buy some Bitcoins with PayPal. Generally major Bitcoin exchanges don't permit PayPal. This is extensively because of rehashed situations where somebody pays for Bitcoins with Paypal, gains Bitcoins then deceitfully whines to Paypal that they never received the coins. Over and over again Paypal favours the deceitful purchaser, justifiably generally Bitcoin trades will no more extended permit this system for subsidizing because of the high danger of duplicity. You can still buy from third party retailers, selling at high price, for example localbitcoins, ebay etc. Buying Bitcoins from individuals using PayPal / Credit card is possible, but requires mutual trust.
Today we'll show you a little tricky but reliable and fastest way to buy / sell bitcoin with your Paypal account anywhere in the world.
Introduction :
- Go to Virwox (Click Here) and register your account.
- Add funds to your account via PayPal.
- Buy linden$ (SLL) with USD / EUR.
- Buy Bitcoin with your linden$ (SLL).
- Finally send your Bitcoin to your wallet.
Detailed Guide :
Step 1. Go to Virwox and register your account. Ignore the message saying "your avatar connection has not been validated yet".
Step 2. Add some funds to your Virwox account, you can add funds via various ways, including PayPal, Credit Card, UKASH, Paysafe Card, Money Bookers, Sofort banking or Neteller.
Step 3. Convert your USD / EUR in to SLL (Linden $). Those who don’t know, Linden $ (SLL) is currency of The virtual world, Second Life.
You may ask why Linden Dollar ? Answer is : Because direct trading from USD / EURO to Bitcoin is not possible in Virtual Exchange. That’s why you have to take route via Second Life Linden$ aka SLL.
Step 4. Now go to BTC/SLL exchange and buy bitcoins of your desired amount.
Step 5. Congratulations, now you own bitcoins in your Virwox wallet, you can transfer these bitcoins to your personal wallet. Simply go to Withdraw section, first option is bitcoin withdrawal. Now add bitcoin payee address and hit the withdrawal button.
That’s it. If you like the post or still have any doubt, post it in comments section right after the break.
You can also check the following video for more visual instructions.