Our VirWox review will elaborate on one of the most peculiar blends on the cryptocurrency market; a niche service dedicated to virtual reality currencies, yet able to utilize PayPal to obtain Bitcoin definitely merits our and your attention.
What sets VirWox apart is their unique business model. Nobody on the market provides the exact same scope of services as them, giving them a monopoly in an enterprise involving Bitcoin.
Not a small feat, given the current state of modern cryptocurrencies. Visit Website. This is something that makes it unique on the market of cryptocurrency exchange. People encounter problems, though, when they try to send those Bitcoins to a wallet located outside of VirWox. This is also where most of the complaints stem from. The first limit is counted toward 24 hours, the second one per 30 days. These limits richest yakuza imposed for security reasons, but surprisingly, there are no current withdrawal limitations in place.
Sending virtual currency to fellow users is free of charge. The company also has a pretty strict and relentless red flag policy, which often results in many blocked and suspended accounts.
A portion of user outrage also comes from that fact. Supported Countries Available worldwide. So, definitely unique, but is it the best solution for purchasing Bitcoin? Not by any stretch of the imagination. It can also serve as a decent Bitcoin exchange in a pinch, especially if you want to use PayPal. Having said that, VirWox is a very niche service, which will probably disappoint real cryptocurrency fanatics who happen to stumble upon it.
Supported Fiat Currencies. I just had to wait for like two days before the transaction started. It works. Been using it since and it works like a charm! Submit Review for VirWox.
Updated : Rating : 8. Popular Coins. Be a part of the biggest economic revolution since the invention of money!
VirWox Review: Still Relevant Because of PayPal Funding Option
PayPal is only accepted as a form of payment on a limited number of platforms, and often incurs additional fees. Keep reading to find out where and how to do it. This is mainly due to one simple fact: while PayPal supports chargebacks, bitcoin and other crypto transactions are irreversible.
Because of this heightened risk of fraud, there are only a handful of crypto trading platforms and exchanges that accept PayPal deposits. What's in this guide? Platforms you can use PayPal: pros and cons Understanding the fees Step-by-step instructions Bottom line FAQs Types of platforms you can use There are a few different options to choose from if you want to use your PayPal account to buy cryptocurrency:.
How to buy bitcoin with PayPal on LocalBitcoins LocalBitcoins is a peer-to-peer marketplace where you can connect with bitcoin buyers and sellers in your local area, and make the transfer in a way that suits you both. Find out more in our full review of Paxful. Find out more in our complete review of xCoins. The high fees involved and shortage of platforms that accept PayPal payments means that there are other more cost-effective and convenient options available.
For example, rather than funding your PayPal account from your credit card and then using that balance to buy crypto, you could use a platform that allows you to buy crypto directly with your credit card. Having said that, there are several trading platforms that support PayPal if you insist on buying using this method. Compare platforms that accept PayPal.
Tim Falk is a freelance writer for Finder, writing across a diverse range of topics. Over the course of his year writing career, Tim has reported on everything from travel and personal finance to pets and TV soap operas. Click here to cancel reply. Optional, only if you want us to follow up with you. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
While we are independent, the offers that appear on this site are from companies from which finder. We may receive compensation from our partners for placement of their products or services.
How to Buy Bitcoins with PayPal
We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products.
Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. What is the blockchain? Bitcoin mining. Tim Falk. Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering.
It is not a recommendation to trade.Please make sure that you have finished your trades and withdrawn any remaining funds well before 11am Central European Time on Jan.
After that time you will not be able to access the account!
We for trading bitcoins we recommaned the German Exchange Bitcoin. What you need to do: Go to Virwox main site and register your account.
Add funds to your account via PayPal or any other method that is supported by them. Please open a VirWoX account if you want the best exchange rate by trading on the exchange, or trade other virtual currencies.
Virwox also accepts Russian and Chinese users that want to buy bitcoins. More details for Russian customers here More details for Chinese customers here. Do you have some bitcoins that you want to sell and then get the money fast to PayPal, Skrill, Neteller or directly on card? The easiest solution is to use the services from Virwox. You do not need a credit card, nor do you need to register for using the service.
More details can be found here. Today we passed a number of important milestones at the same time: We were able to welcome our registered user numberAlso, we have traded over 30 billion Linden dollars, emphasizing our position as the leading independent exchange for trading Linden dollars. We look back to a very successful yearin which VirWoX strengthened its position as the leading independent exchange for trading Linden Dollars.
Our partners also profit from this positive development, as the referral fees paid through our VirWoX Partner Network and Currency Shop Program are growing constantly.
About 9 million Linden Dollars have been paid to our partners in We have changed the procedure for bank deposits. Instead of specifying your username or avatar name, please send us your unique customer code in the note field of your bank wire. This helps to increase the speed and reliability of processing your deposit.
You can find your customer code near the bottom of the Deposit page, together with our bank account numbers. Please use only the bank accounts listed on the Deposit page. VirWoX is now certified to accept this anonymous prepaid card also also from our customers from above countries.
Click here to find an outlet near you. With Ukash, you can pay cash and anonymously fund your VirWoX account. No credit card or bank account is needed. Just enter the digit PIN code found on your Ukash voucher.
Find out where to get Ukash at www. Multi-factor authentication increases the security of your VirWoX account. If enabled, your account is protected not only by your username and password, but also by a one-time-password 'MFA code' generated by an 'MFA token'. VirWox is the only currency exchange that is fully licensed to operate with virtual currencies. Unlike other bitcoin-only exchanges, VirWox has a much grater expertise into this business as it is operating as an exchange for Second Life dolars for over 7 years.
You can both buy and sell bitcoins and get your cash to your preferred method. Customer Registration Not registered yet? We accept.Cheapest way to buy Bitcoin with PayPal, Skrill, and Neteller (4% fee)
Security provided by:. VirWox will shut down in January We regret to inform you that we will stop to offer our service after January 6, Watch the below video to see how this is done. What you need to do: Go to Virwox main site and register your account Go to Deposit section and choose to deposit your bitcoins in your account.
Note that bitcoin is the only method that has zero fees!However, VirWoX is still relevant because it offers one convenience that new exchanges lack: the ability to buy Bitcoin with PayPal. Few other digital exchanges are willing to accept the fraud risk that comes with accepting PayPal payments.
VirWoX, however, decided to continue accepting PayPal purchases, despite the risk. The copyright notice on the bottom of the site is the only indication that it opened its doors in You do not have to provide any type of identifying information to buy and sell Bitcoins through VirWoX. This makes it unique among cryptocurrency exchanges. Almost every other cryptocurrency exchange requires its users to provide some form of identification.
Bitcoin is the only major cryptocurrency that VirWoX supports. However, Second Life developers disabled this functionality in Unlike modern exchanges that offer detailed walkthroughs and how-to videos, for the most part, VirWoX leaves you to figure out how everything works yourself.
However, there are some brief tutorial videos available on this VirWoX website. Because VirWoX is so niche, it did not experience the customer service issues other exchanges ran into when the price of Bitcoin skyrocketed in Aside from a single high profile hack that occurred because the user involved did not follow the recommended security guidelines, VirWoX has a clean security record.
There are no stories of any successful VirWoX break-ins on any major news sites. VirWoX places the responsibility of figuring out any relevant legal issues on their user base. The exchange does not use a geographic filter to prevent people from signing up. Anyone in any part of the world can join VirWoX. Unlike most digital currency exchanges, VirWoX does not require any form of identity verification. Any user can make purchases and withdrawals immediately after signing up.
VirWoX does not have a separate on-boarding process for business customers. Though VirWoX is thought of as a cryptocurrency exchange for gamers, it does offer some advanced trading features, like multiple order types market and limit and extensive API support. The basic API can calculate exchange rates, display graphs and trigger alarms.
Advanced traders can set up trade bots using the Trading API. First, click the Not Registered Yet? Then, fill in the form to sign up for an account. You should see a congratulations message. Next, verify your email address. Once you have some Linden, you can get Bitcoin. Unlike newer digital currency exchanges, VirWoX does not feature real-time charts. The interface provides a day graph and a hour graph for each currency pair.
You have to reload the page to get the latest pricing information. VirWoX does not have any official apps. In addition to the fees listed below, VirWoX charges an inactivity fee. PayPal is just one of several fiat deposit methods.Every bitcoin exchange has its own advantages and disadvantages that you should be aware of before you start investing personal funds. Many exchanges would not deal with the PayPal as the fees are high and due to the policy of the PayPal not to work with money exchanging businesses.
Thus, VirWox became quite popular due to the available PayPal deposit option. The exchange also offers other payment methods when it comes to bitcoin trade while providing privacy for its clients.
This article will review the broker in terms of deposit methods, fees, purchase limits and other features while providing a detailed guide on how to buy bitcoins with a credit card. Is VirWox safe for trade? VirWox started its business in and since then has gained considerable market share in the industry. With various payment methods, the exchange propelled its sales figures even though it is not strictly a BTC provider.
Bitcoins can be bought only with SLLs, making the bitcoin trade somewhat confusing. But is VirWox a scam in that case?
VirWoX is closed
Absolutely not, as many traders have gained bitcoins this way in the past. Its purchase process might be complex but it is still a reliable exchange when it comes to both money and BTC. How to use VirWox? As said before, you cannot purchase bitcoins directly. Also, you would need to deposit money as there is no direct payment option available at VirWox. The deposit time depends on the payment method chosen but overall transaction might take up to a day as you complete all necessary steps to get yourself bitcoins.
VirWox accepts a variety of the payment methods as it accepts them globally. These purchase methods are:. The purchase fees are organized by the payment method chosen and depend on the transaction process you wish to undergo.
Concerning bitcoins, you would be charged three times, as you need to deposit money, purchase SLLs and then exchange Lindens with bitcoins. Although legit, VirWox is definitely not the best option out there to purchase bitcoins as you would be charged multiple times to get bitcoins. Additionally, other exchanges have also opened PayPal option and have other payment methods as well for a lot lower fees than VirWox.
Coinbase would charge you 3. VirWox would still remain popular for one important reason — you do not need to verify any of your personal details while many other exchanges would require full verification process to be completed before you can purchase bitcoins. VirWox services are available globally without any country being strictly restricted for the services.
The only limitations are the payment method availability as some options might not be available everywhere. VirWox does not require any sort of verification from your side and would not ask you to provide a scan of your ID or a picture of you holding any sort of document.
The purchases are completely anonymous, making VirWox quite popular within the bitcoin market. Purchase limits depend on the time since you have registered an account at VirWox.For now, buying bitcoin through other means is easier. Debit card is a good way to buy small amounts. We have a full guide on buying bitcoin with card.
Our exchange finder can also find you an exchange based on your country. Check it out here. Check out the table below for some alternate exchanges to VirWoX that accept a wide range of payment methods like bank transfer, card and more. Disclaimer: Buy Bitcoin Worldwide is not offering, promoting, or encouraging the purchase, sale, or trade of any security or commodity. Buy Bitcoin Worldwide is for educational purposes only. Every visitor to Buy Bitcoin Worldwide should consult a professional financial advisor before engaging in such practices.
Buy Bitcoin Worldwide, nor any of its owners, employees or agents, are licensed broker-dealers, investment advisors, or hold any relevant distinction or title with respect to investing. Buy Bitcoin Worldwide does not promote, facilitate or engage in futures, options contracts or any other form of derivatives trading.
Buy Bitcoin Worldwide does not offer legal advice. Any such advice should be sought independently of visiting Buy Bitcoin Worldwide.
Only a legal professional can offer legal advice and Buy Bitcoin Worldwide offers no such advice with respect to the contents of its website. Buy Bitcoin Worldwide receives compensation with respect to its referrals for out-bound crypto exchanges and crypto wallet websites. VirWoX Down. Popular Exchanges. Coinbase High liquidity and buying limits Easy way for newcomers to get bitcoins "Instant Buy" option available with debit card.
Coinmama Works in almost all countries Highest limits for buying bitcoins with a credit card Reliable and trusted broker. Best Bitcoin Exchanges. Get a Free Bitcoin Wallet.How to Buy Bitcoins with PayPal? Well Bitcoin is the largest, most popular and fastest growing crypto-currency on this planet.
By the end of this article you should have a clear idea so as to how to Buy Bitcoins with PayPalwhich sellers and platforms to trust, and the whole procedure as a whole. Paxful is growing at an exponential rate when it comes to P2P exchanges. It does have major resemblances to LocalBitcoins, The only difference?
LocalBitcoins now require mandatory KYC verification for trades, while Paxful still allows no-KYC or identity-verification trades upto a certain limit. Choose a Seller who seems to meet your minimum-maximum budget and other requirements.
Some require receipts, others may need you to be a verified member while more liberal sellers can be found with 0 such requirements. On the next page, verify that the amount you pay and you receive are correct. So all we have to do is, get this card loaded with cash from Paypal, and then use it on Wirex to purchase Bitcoins. Just head over to Wirex and click on click on Create an Account or Login. Wait hours for your card to be verified and generated. Once you get your virtual card you can move to the next step.
Now check your Wirex account for the transaction, and you will see a 4 digit code that verifies the transaction. A simple platform which allows direct deposit of funds via a lot of methods, and one of them is Paypal, and then you can use those funds to purchase Bitcoins. Just head over to Cryptonit and create a new account by clicking here. Once you enter your desired Username and E-mail ID, go right to your E-mail and check for an activation link that they sent.
Then choose from a number of different payment processors on the next page to make your payment. As easy as that. However, it now recommends BitPanda as its alternative. Login to your e-mail account and click on the provided link to do so. However note that not all countries are supported. If you do get verified however, you can then proceed to use BitPanda to purchase Bitcoins using one of its many available methods.
Fill in your details.