five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

Table of Contents

Note: If you’re looking to buy Bitcoin with Paypal or a credit card for trading purposes only check out AvaTrade or Plus500 Bitcoin CFD trading. For more information read this post .

One of the thickest issues today in Bitcoin is the fact that you can’t buy it very lightly. Even however Paypal has been very favourable of Bitcoin in the past two years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2016.

Why won’t Paypal permit this ? Plain. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a brief movie illustrating this).

Post summary:

  1. Go to Virwox
  2. Deposit money to your account with Paypal
  3. Buy SLL on the SLL/USD exchange
  4. Buy Bitcoins with your freshly purchased SLL on the SLL/BTC exchange
  5. Withdraw your Bitcoins

And now for a more detailed explanation and some extra options…

Bitcoin exchanges

Virwox

Local Bitcoins

E-Coin (Wirex)

Paxful

Cryptonit

Coinbase

Buy Bitcoins with PayPal through Virwox

Pros: A reliable method that has been around for a long time.

Now since no exchange presently permits a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (2nd Life Linden Dollars), This currency is used for one of the thickest virtual worlds today – 2nd Life.

After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. My guess is that Virwox is able to do this method since they are not directly selling you Bitcoins with Paypal but rather selling you SLL with Paypal which they can prove if you received (unlike Bitcoin since it’s anonymous in nature).

Things you should know about Virwox before we get commenced:

  • Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit primarily through Paypal or a credit card, here are the exact boundaries according to their website from April 24th 2016.
  • This process hold within it more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this. It’s significant for you to be aware of the different transaction fees.
  • VirWox is delaying fresh user transactions for up to forty eight hours. This means that it can take you two days to accomplish this process (still way swifter than using a wire transfer).
  • If you still don’t receive the Bitcoins after forty eight hours (which is very unusual) you can contact Virwox at [email protected]

If you find yourself getting stuck at any point don’t hesitate to contact me through the contact form on the site.

1. Go to VirWox.

VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more. It has more than 400,000 registered users and is a 2nd Life Lindens authorized reseller.

Two. Open a free account

Click on the “not registered yet” on the top of the left sidebar to open up a fresh account as shown here:

Trio. Pack out our private details

Pack out your username and email address. Where it asks for “avatar name” just leave it at “No Avatar”, it doesn’t matter, since you’re not going to play 2nd Life.

Four. Activate your account

Five. Significant. Switch your password!

Do not worry about the message telling “Your avatar connection has not been validated yet” – it is irrelevant.

6. Fund your account through PayPal

Note: From now on for each transaction you will make there will be a fee – make sure you are aware of the relevant deposit and withdrawal fees.

7. Buy SLL with USD

Note: If you haven’t made a deposit yet you will get the screen shown above requesting you to deposit before you buy SLL.

8. Buy BTC with SLL

9. Withdraw your Bitcoins

Will this method actually work ?

Most likely yes. I’m telling very likely because I have received a handful of emails from people who weren’t able to get their Bitcoins. having said that, from all of the people who didn’t get their coins I haven’t gotten one email stating their money wasn’t returned to them. So yes, the process is a bit irritating but I have been using this method since two thousand thirteen and it hasn’t failed me yet.

How much fees will be deducted from my deposit ?

This is very likely the 2nd most asked question I get. It’s significant to understand that when you buy Bitcoins through Virwox you are actually conducting two transactions. USD to SLL and SLL to BTC. This means you’ll need to pay a fee for each of these transactions.

The problem is that Virwox’s fee structure is always switching that is why I advise to check each case in person before proceeding. There is a pretty cool site which shows you the current BTC/USD rate after all of Virwox’s fees. I’m not sure how reliable the site is but you can check it out for yourself here.

Are there any other methods to buy Bitcoin with Paypal other than Virowx?

Yes. However Virwox has been around for the longest time and therefor is the most reliable. If you proceed reading this post I will cover four more methods that you can use but each of them has its pros and cons.

Buy Bitcoins with Paypal through Local Bitcoins

Pros: Broad diversity of sellers from around the world

Cons: High fees, chance of scam

At the time of writing this paragraph (April 2015) this is the only known way to buy Bitcoins with Paypal. If you’re still looking for extra ways you can take a look at LocalBitcoins and attempt to find sellers that perhaps will be willing to sell you Bitcoin with Paypal.

Local Bitcoins, unlike Virwox is a marketplace where buyers and sellers meet. If you use this option you’ll be dealing with an actual person which means that credibility also comes into play. The way you can use Local Bitcoins to buy Bitcoins with Paypal is by finding a person that is willing to sell them to you. But since the seller is taking a big risk (as I explained in the beginning of this post) the will usually charge a indeed big premium (most of the times this will be more expensive than Virwox). The upside is that you will usually get your Bitcoins quicker.

1. Inject your search parameters

The very first step will be to go to Local Bitcoins and inject how much you want to buy and from which country. Since Local Bitcoins was originally made for people to meet face to face there is no “worldwide” search which is a shame. This means that there is no way to see all of the people who are willing to sell you will Paypal worldwide other then going through each country one at a time.

Two. Choose your seller

On the next screen you’ll see a list of available sellers, you can now browse them one by one. Here are the things to take into account: Feedback score – Located under the seller’s name. It’s advised to conduct transactions only with high feedback sellers.

Trade boundaries – Each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.

Payment window – How much time you have for paying the purchase and marking the payment done after you initiate a trade. It’s also super significant to read the terms of trade for the specific seller located on the right side. Here’s an example:

Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some petite transactions just to get reputation.

Three. Finish the trade

Once you’ve found your seller just come in how much you will to buy and click on “Send trade request”.

Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales). This method is quicker the Virwox but it can take you a lot of time to build up enough reputation, find your seller and also the premiums are indeed high (around %30 and more…).

Buy Bitcoin with Paypal through E-coin

Cons: Requires a long time to accomplish (around ten days)

E-coin is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card you can use E-coin’s card with your Paypal account. In order to buy Bitcoins with your e-coin debit card here’s what you’ll need to do:

1.Order a physical / virtual debit card from e-coin

Go to E-coin. Click on “request fresh card” and choose the type of card you want. It’s possible to buy Bitcoins with Paypal through both cards (physical and virtual).

A Virtual card should cost around $Trio and will be enough for this process.

Two. Connect that debit card to your Paypal account and verify it

Inwards your Paypal account, go to “Wallet” -> “Add a card” and add your freshly acquired virtual Bitcoin credit card.

One the card is added you will need to verify it. In order to verify the card you’ll need to have a balance of at least $Three on it so that Paypal will be able to charge you. Once Paypal charges you, you will see a four digit code next to that transaction on your e-coin account. That four digit code in the verification pin for your card on Paypal.

Trio. Deposit funds to your Paypal account

I’ll assume you know how to do that 🙂

Four. Withdraw funds from your Paypal account to your e-coin account

Go to “Wallet” -> “Withdraw funds” and choose the “withdraw funds to your card” option.

Make sure to choose your e-coin card. The withdrawal can take up to seven days to emerge in your e-coin account.

Five. Buy Bitcoins with your funded e-coin debit card

Now that your e-coin card has funds in it, you can use them to buy Bitcoins.

The entire process can take some time as verifying your E-coin card with Paypal takes some times and withdrawing the funds can take up to seven business days depending on where you live.

Buy Bitcoins with Paypal through Paxful

Pros: Broad multiplicity of sellers from around the world

Cons: High exchange rate, chance of scam

Paxful is the smaller less known version of LocalBitcoins. It’s a peer to peer marketplace that permits you to buy Bitcoins with almost anything (e.g. Skype credits, Amazon bounty cards). The process of buying Bitcoins at Paxful is pretty elementary:

  1. Create an account
  2. Choose a payment method for buying and a desired amount
  3. Choose your seller – You can either choose by hand or let Paxful determine who is the best seller for you.

Once the trade initiates you will be sent in to an online talk with the seller where you can finalize the deal. The seller’s Bitcoins will be sent into Escrow and once you mark that you’ve sent your payment they will be released into your account. Keep in mind that if you don’t finalize the deal within a certain timeframe (usually thirty minutes) the deal will be auto-cancelled.

Buy Bitcoins with Paypal Through Cryptonit

Cons: Unestablished company, requires verification

Cryptonit is a cryptocurrency exchange that permits you to deposit funds through Paypal as well as many other payment form like Skrill and a credit card. However unlike Virwox, you will need to go through a verification process in order to qualify for Paypal deposit.

The verification process includes the following:

  • A copy of a government issues photo id
  • An address verification document like a utility bill or rental agreement
  • A photo of you holding these documents or a Skype movie call with someone from Cryptonit

Five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

Table of Contents

Note: If you’re looking to buy Bitcoin with Paypal or a credit card for trading purposes only check out AvaTrade or Plus500 Bitcoin CFD trading. For more information read this post .

One of the thickest issues today in Bitcoin is the fact that you can’t buy it very lightly. Even tho’ Paypal has been very favourable of Bitcoin in the past two years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2016.

Why won’t Paypal permit this ? Ordinary. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a brief movie illustrating this).

Post summary:

  1. Go to Virwox
  2. Deposit money to your account with Paypal
  3. Buy SLL on the SLL/USD exchange
  4. Buy Bitcoins with your freshly purchased SLL on the SLL/BTC exchange
  5. Withdraw your Bitcoins

And now for a more detailed explanation and some extra options…

Bitcoin exchanges

Virwox

Local Bitcoins

E-Coin (Wirex)

Paxful

Cryptonit

Coinbase

Buy Bitcoins with PayPal through Virwox

Pros: A reliable method that has been around for a long time.

Now since no exchange presently permits a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (2nd Life Linden Dollars), This currency is used for one of the largest virtual worlds today – 2nd Life.

After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. My guess is that Virwox is able to do this method since they are not directly selling you Bitcoins with Paypal but rather selling you SLL with Paypal which they can prove if you received (unlike Bitcoin since it’s anonymous in nature).

Things you should know about Virwox before we get embarked:

  • Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit originally through Paypal or a credit card, here are the exact boundaries according to their website from April 24th 2016.
  • This process hold within it more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this. It’s significant for you to be aware of the different transaction fees.
  • VirWox is delaying fresh user transactions for up to forty eight hours. This means that it can take you two days to finish this process (still way swifter than using a wire transfer).
  • If you still don’t receive the Bitcoins after forty eight hours (which is very unusual) you can contact Virwox at [email protected]

If you find yourself getting stuck at any point don’t hesitate to contact me through the contact form on the site.

1. Go to VirWox.

VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more. It has more than 400,000 registered users and is a 2nd Life Lindens authorized reseller.

Two. Open a free account

Click on the “not registered yet” on the top of the left sidebar to open up a fresh account as shown here:

Three. Pack out our individual details

Pack out your username and email address. Where it asks for “avatar name” just leave it at “No Avatar”, it doesn’t matter, since you’re not going to play 2nd Life.

Four. Activate your account

Five. Significant. Switch your password!

Do not worry about the message telling “Your avatar connection has not been validated yet” – it is irrelevant.

6. Fund your account through PayPal

Note: From now on for each transaction you will make there will be a fee – make sure you are aware of the relevant deposit and withdrawal fees.

7. Buy SLL with USD

Note: If you haven’t made a deposit yet you will get the screen shown above requesting you to deposit before you buy SLL.

8. Buy BTC with SLL

9. Withdraw your Bitcoins

Will this method actually work ?

Very likely yes. I’m telling most likely because I have received a handful of emails from people who weren’t able to get their Bitcoins. having said that, from all of the people who didn’t get their coins I haven’t gotten one email stating their money wasn’t returned to them. So yes, the process is a bit irritating but I have been using this method since two thousand thirteen and it hasn’t failed me yet.

How much fees will be deducted from my deposit ?

This is most likely the 2nd most asked question I get. It’s significant to understand that when you buy Bitcoins through Virwox you are actually conducting two transactions. USD to SLL and SLL to BTC. This means you’ll need to pay a fee for each of these transactions.

The problem is that Virwox’s fee structure is always switching that is why I advise to check each case in person before proceeding. There is a pretty cool site which shows you the current BTC/USD rate after all of Virwox’s fees. I’m not sure how reliable the site is but you can check it out for yourself here.

Are there any other methods to buy Bitcoin with Paypal other than Virowx?

Yes. However Virwox has been around for the longest time and therefor is the most reliable. If you proceed reading this post I will cover four more methods that you can use but each of them has its pros and cons.

Buy Bitcoins with Paypal through Local Bitcoins

Pros: Broad multitude of sellers from around the world

Cons: High fees, chance of scam

At the time of writing this paragraph (April 2015) this is the only known way to buy Bitcoins with Paypal. If you’re still looking for extra ways you can take a look at LocalBitcoins and attempt to find sellers that perhaps will be willing to sell you Bitcoin with Paypal.

Local Bitcoins, unlike Virwox is a marketplace where buyers and sellers meet. If you use this option you’ll be dealing with an actual person which means that credibility also comes into play. The way you can use Local Bitcoins to buy Bitcoins with Paypal is by finding a person that is willing to sell them to you. But since the seller is taking a big risk (as I explained in the beginning of this post) the will usually charge a truly big premium (most of the times this will be more expensive than Virwox). The upside is that you will usually get your Bitcoins quicker.

1. Come in your search parameters

The very first step will be to go to Local Bitcoins and come in how much you want to buy and from which country. Since Local Bitcoins was originally made for people to meet face to face there is no “worldwide” search which is a shame. This means that there is no way to see all of the people who are willing to sell you will Paypal worldwide other then going through each country one at a time.

Two. Choose your seller

On the next screen you’ll see a list of available sellers, you can now browse them one by one. Here are the things to take into account: Feedback score – Located under the seller’s name. It’s advised to conduct transactions only with high feedback sellers.

Trade thresholds – Each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.

Payment window – How much time you have for paying the purchase and marking the payment done after you initiate a trade. It’s also super significant to read the terms of trade for the specific seller located on the right side. Here’s an example:

Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some petite transactions just to get reputation.

Trio. Finish the trade

Once you’ve found your seller just inject how much you will to buy and click on “Send trade request”.

Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales). This method is swifter the Virwox but it can take you a lot of time to build up enough reputation, find your seller and also the premiums are indeed high (around %30 and more…).

Buy Bitcoin with Paypal through E-coin

Cons: Requires a long time to accomplish (around ten days)

E-coin is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card you can use E-coin’s card with your Paypal account. In order to buy Bitcoins with your e-coin debit card here’s what you’ll need to do:

1.Order a physical / virtual debit card from e-coin

Go to E-coin. Click on “request fresh card” and choose the type of card you want. It’s possible to buy Bitcoins with Paypal through both cards (physical and virtual).

A Virtual card should cost around $Trio and will be enough for this process.

Two. Connect that debit card to your Paypal account and verify it

Inwards your Paypal account, go to “Wallet” -> “Add a card” and add your freshly acquired virtual Bitcoin credit card.

One the card is added you will need to verify it. In order to verify the card you’ll need to have a balance of at least $Trio on it so that Paypal will be able to charge you. Once Paypal charges you, you will see a four digit code next to that transaction on your e-coin account. That four digit code in the verification pin for your card on Paypal.

Trio. Deposit funds to your Paypal account

I’ll assume you know how to do that 🙂

Four. Withdraw funds from your Paypal account to your e-coin account

Go to “Wallet” -> “Withdraw funds” and choose the “withdraw funds to your card” option.

Make sure to choose your e-coin card. The withdrawal can take up to seven days to emerge in your e-coin account.

Five. Buy Bitcoins with your funded e-coin debit card

Now that your e-coin card has funds in it, you can use them to buy Bitcoins.

The entire process can take some time as verifying your E-coin card with Paypal takes some times and withdrawing the funds can take up to seven business days depending on where you live.

Buy Bitcoins with Paypal through Paxful

Pros: Broad multiplicity of sellers from around the world

Cons: High exchange rate, chance of scam

Paxful is the smaller less known version of LocalBitcoins. It’s a peer to peer marketplace that permits you to buy Bitcoins with almost anything (e.g. Skype credits, Amazon bounty cards). The process of buying Bitcoins at Paxful is pretty elementary:

  1. Create an account
  2. Choose a payment method for buying and a desired amount
  3. Choose your seller – You can either choose by hand or let Paxful determine who is the best seller for you.

Once the trade initiates you will be sent in to an online talk with the seller where you can finalize the deal. The seller’s Bitcoins will be sent into Escrow and once you mark that you’ve sent your payment they will be released into your account. Keep in mind that if you don’t finalize the deal within a certain timeframe (usually thirty minutes) the deal will be auto-cancelled.

Buy Bitcoins with Paypal Through Cryptonit

Cons: Unestablished company, requires verification

Cryptonit is a cryptocurrency exchange that permits you to deposit funds through Paypal as well as many other payment form like Skrill and a credit card. However unlike Virwox, you will need to go through a verification process in order to qualify for Paypal deposit.

The verification process includes the following:

  • A copy of a government issues photo id
  • An address verification document like a utility bill or rental agreement
  • A photo of you holding these documents or a Skype movie call with someone from Cryptonit

Five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

Table of Contents

Note: If you’re looking to buy Bitcoin with Paypal or a credit card for trading purposes only check out AvaTrade or Plus500 Bitcoin CFD trading. For more information read this post .

One of the fattest issues today in Bitcoin is the fact that you can’t buy it very lightly. Even however Paypal has been very favourable of Bitcoin in the past two years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2016.

Why won’t Paypal permit this ? Ordinary. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a brief movie illustrating this).

Post summary:

  1. Go to Virwox
  2. Deposit money to your account with Paypal
  3. Buy SLL on the SLL/USD exchange
  4. Buy Bitcoins with your freshly purchased SLL on the SLL/BTC exchange
  5. Withdraw your Bitcoins

And now for a more detailed explanation and some extra options…

Bitcoin exchanges

Virwox

Local Bitcoins

E-Coin (Wirex)

Paxful

Cryptonit

Coinbase

Buy Bitcoins with PayPal through Virwox

Pros: A reliable method that has been around for a long time.

Now since no exchange presently permits a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (2nd Life Linden Dollars), This currency is used for one of the largest virtual worlds today – 2nd Life.

After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. My guess is that Virwox is able to do this method since they are not directly selling you Bitcoins with Paypal but rather selling you SLL with Paypal which they can prove if you received (unlike Bitcoin since it’s anonymous in nature).

Things you should know about Virwox before we get embarked:

  • Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit primarily through Paypal or a credit card, here are the exact boundaries according to their website from April 24th 2016.
  • This process hold within it more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this. It’s significant for you to be aware of the different transaction fees.
  • VirWox is delaying fresh user transactions for up to forty eight hours. This means that it can take you two days to finish this process (still way swifter than using a wire transfer).
  • If you still don’t receive the Bitcoins after forty eight hours (which is very unusual) you can contact Virwox at [email protected]

If you find yourself getting stuck at any point don’t hesitate to contact me through the contact form on the site.

1. Go to VirWox.

VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more. It has more than 400,000 registered users and is a 2nd Life Lindens authorized reseller.

Two. Open a free account

Click on the “not registered yet” on the top of the left sidebar to open up a fresh account as shown here:

Trio. Pack out our individual details

Pack out your username and email address. Where it asks for “avatar name” just leave it at “No Avatar”, it doesn’t matter, since you’re not going to play 2nd Life.

Four. Activate your account

Five. Significant. Switch your password!

Do not worry about the message telling “Your avatar connection has not been validated yet” – it is irrelevant.

6. Fund your account through PayPal

Note: From now on for each transaction you will make there will be a fee – make sure you are aware of the relevant deposit and withdrawal fees.

7. Buy SLL with USD

Note: If you haven’t made a deposit yet you will get the screen shown above requesting you to deposit before you buy SLL.

8. Buy BTC with SLL

9. Withdraw your Bitcoins

Will this method actually work ?

Very likely yes. I’m telling most likely because I have received a handful of emails from people who weren’t able to get their Bitcoins. having said that, from all of the people who didn’t get their coins I haven’t gotten one email stating their money wasn’t returned to them. So yes, the process is a bit irritating but I have been using this method since two thousand thirteen and it hasn’t failed me yet.

How much fees will be deducted from my deposit ?

This is very likely the 2nd most asked question I get. It’s significant to understand that when you buy Bitcoins through Virwox you are actually conducting two transactions. USD to SLL and SLL to BTC. This means you’ll need to pay a fee for each of these transactions.

The problem is that Virwox’s fee structure is always switching that is why I advise to check each case in person before proceeding. There is a pretty cool site which shows you the current BTC/USD rate after all of Virwox’s fees. I’m not sure how reliable the site is but you can check it out for yourself here.

Are there any other methods to buy Bitcoin with Paypal other than Virowx?

Yes. However Virwox has been around for the longest time and therefor is the most reliable. If you proceed reading this post I will cover four more methods that you can use but each of them has its pros and cons.

Buy Bitcoins with Paypal through Local Bitcoins

Pros: Broad multiplicity of sellers from around the world

Cons: High fees, chance of scam

At the time of writing this paragraph (April 2015) this is the only known way to buy Bitcoins with Paypal. If you’re still looking for extra ways you can take a look at LocalBitcoins and attempt to find sellers that perhaps will be willing to sell you Bitcoin with Paypal.

Local Bitcoins, unlike Virwox is a marketplace where buyers and sellers meet. If you use this option you’ll be dealing with an actual person which means that credibility also comes into play. The way you can use Local Bitcoins to buy Bitcoins with Paypal is by finding a person that is willing to sell them to you. But since the seller is taking a big risk (as I explained in the beginning of this post) the will usually charge a indeed big premium (most of the times this will be more expensive than Virwox). The upside is that you will usually get your Bitcoins quicker.

1. Come in your search parameters

The very first step will be to go to Local Bitcoins and inject how much you want to buy and from which country. Since Local Bitcoins was originally made for people to meet face to face there is no “worldwide” search which is a shame. This means that there is no way to see all of the people who are willing to sell you will Paypal worldwide other then going through each country one at a time.

Two. Choose your seller

On the next screen you’ll see a list of available sellers, you can now browse them one by one. Here are the things to take into account: Feedback score – Located under the seller’s name. It’s advised to conduct transactions only with high feedback sellers.

Trade thresholds – Each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.

Payment window – How much time you have for paying the purchase and marking the payment done after you initiate a trade. It’s also super significant to read the terms of trade for the specific seller located on the right side. Here’s an example:

Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some puny transactions just to get reputation.

Three. Finish the trade

Once you’ve found your seller just come in how much you will to buy and click on “Send trade request”.

Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales). This method is quicker the Virwox but it can take you a lot of time to build up enough reputation, find your seller and also the premiums are truly high (around %30 and more…).

Buy Bitcoin with Paypal through E-coin

Cons: Requires a long time to accomplish (around ten days)

E-coin is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card you can use E-coin’s card with your Paypal account. In order to buy Bitcoins with your e-coin debit card here’s what you’ll need to do:

1.Order a physical / virtual debit card from e-coin

Go to E-coin. Click on “request fresh card” and choose the type of card you want. It’s possible to buy Bitcoins with Paypal through both cards (physical and virtual).

A Virtual card should cost around $Three and will be enough for this process.

Two. Connect that debit card to your Paypal account and verify it

Inwards your Paypal account, go to “Wallet” -> “Add a card” and add your freshly acquired virtual Bitcoin credit card.

One the card is added you will need to verify it. In order to verify the card you’ll need to have a balance of at least $Three on it so that Paypal will be able to charge you. Once Paypal charges you, you will see a four digit code next to that transaction on your e-coin account. That four digit code in the verification pin for your card on Paypal.

Trio. Deposit funds to your Paypal account

I’ll assume you know how to do that 🙂

Four. Withdraw funds from your Paypal account to your e-coin account

Go to “Wallet” -> “Withdraw funds” and choose the “withdraw funds to your card” option.

Make sure to choose your e-coin card. The withdrawal can take up to seven days to emerge in your e-coin account.

Five. Buy Bitcoins with your funded e-coin debit card

Now that your e-coin card has funds in it, you can use them to buy Bitcoins.

The entire process can take some time as verifying your E-coin card with Paypal takes some times and withdrawing the funds can take up to seven business days depending on where you live.

Buy Bitcoins with Paypal through Paxful

Pros: Broad multiplicity of sellers from around the world

Cons: High exchange rate, chance of scam

Paxful is the smaller less known version of LocalBitcoins. It’s a peer to peer marketplace that permits you to buy Bitcoins with almost anything (e.g. Skype credits, Amazon bounty cards). The process of buying Bitcoins at Paxful is pretty elementary:

  1. Create an account
  2. Choose a payment method for buying and a desired amount
  3. Choose your seller – You can either choose by hand or let Paxful determine who is the best seller for you.

Once the trade initiates you will be sent in to an online talk with the seller where you can finalize the deal. The seller’s Bitcoins will be sent into Escrow and once you mark that you’ve sent your payment they will be released into your account. Keep in mind that if you don’t finalize the deal within a certain timeframe (usually thirty minutes) the deal will be auto-cancelled.

Buy Bitcoins with Paypal Through Cryptonit

Cons: Unestablished company, requires verification

Cryptonit is a cryptocurrency exchange that permits you to deposit funds through Paypal as well as many other payment form like Skrill and a credit card. However unlike Virwox, you will need to go through a verification process in order to qualify for Paypal deposit.

The verification process includes the following:

  • A copy of a government issues photo id
  • An address verification document like a utility bill or rental agreement
  • A photo of you holding these documents or a Skype movie call with someone from Cryptonit

Five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

Table of Contents

Note: If you’re looking to buy Bitcoin with Paypal or a credit card for trading purposes only check out AvaTrade or Plus500 Bitcoin CFD trading. For more information read this post .

One of the thickest issues today in Bitcoin is the fact that you can’t buy it very lightly. Even tho’ Paypal has been very favourable of Bitcoin in the past two years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2016.

Why won’t Paypal permit this ? Elementary. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a brief movie illustrating this).

Post summary:

  1. Go to Virwox
  2. Deposit money to your account with Paypal
  3. Buy SLL on the SLL/USD exchange
  4. Buy Bitcoins with your freshly purchased SLL on the SLL/BTC exchange
  5. Withdraw your Bitcoins

And now for a more detailed explanation and some extra options…

Bitcoin exchanges

Virwox

Local Bitcoins

E-Coin (Wirex)

Paxful

Cryptonit

Coinbase

Buy Bitcoins with PayPal through Virwox

Pros: A reliable method that has been around for a long time.

Now since no exchange presently permits a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (2nd Life Linden Dollars), This currency is used for one of the fattest virtual worlds today – 2nd Life.

After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. My guess is that Virwox is able to do this method since they are not directly selling you Bitcoins with Paypal but rather selling you SLL with Paypal which they can prove if you received (unlike Bitcoin since it’s anonymous in nature).

Things you should know about Virwox before we get embarked:

  • Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit primarily through Paypal or a credit card, here are the exact thresholds according to their website from April 24th 2016.
  • This process hold within it more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this. It’s significant for you to be aware of the different transaction fees.
  • VirWox is delaying fresh user transactions for up to forty eight hours. This means that it can take you two days to accomplish this process (still way quicker than using a wire transfer).
  • If you still don’t receive the Bitcoins after forty eight hours (which is very unusual) you can contact Virwox at [email protected]

If you find yourself getting stuck at any point don’t hesitate to contact me through the contact form on the site.

1. Go to VirWox.

VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more. It has more than 400,000 registered users and is a 2nd Life Lindens authorized reseller.

Two. Open a free account

Click on the “not registered yet” on the top of the left sidebar to open up a fresh account as shown here:

Three. Pack out our individual details

Pack out your username and email address. Where it asks for “avatar name” just leave it at “No Avatar”, it doesn’t matter, since you’re not going to play 2nd Life.

Four. Activate your account

Five. Significant. Switch your password!

Do not worry about the message telling “Your avatar connection has not been validated yet” – it is irrelevant.

6. Fund your account through PayPal

Note: From now on for each transaction you will make there will be a fee – make sure you are aware of the relevant deposit and withdrawal fees.

7. Buy SLL with USD

Note: If you haven’t made a deposit yet you will get the screen shown above requesting you to deposit before you buy SLL.

8. Buy BTC with SLL

9. Withdraw your Bitcoins

Will this method actually work ?

Most likely yes. I’m telling very likely because I have received a handful of emails from people who weren’t able to get their Bitcoins. having said that, from all of the people who didn’t get their coins I haven’t gotten one email stating their money wasn’t returned to them. So yes, the process is a bit irritating but I have been using this method since two thousand thirteen and it hasn’t failed me yet.

How much fees will be deducted from my deposit ?

This is most likely the 2nd most asked question I get. It’s significant to understand that when you buy Bitcoins through Virwox you are actually conducting two transactions. USD to SLL and SLL to BTC. This means you’ll need to pay a fee for each of these transactions.

The problem is that Virwox’s fee structure is always switching that is why I advise to check each case in person before proceeding. There is a pretty cool site which shows you the current BTC/USD rate after all of Virwox’s fees. I’m not sure how reliable the site is but you can check it out for yourself here.

Are there any other methods to buy Bitcoin with Paypal other than Virowx?

Yes. However Virwox has been around for the longest time and therefor is the most reliable. If you proceed reading this post I will cover four more methods that you can use but each of them has its pros and cons.

Buy Bitcoins with Paypal through Local Bitcoins

Pros: Broad multitude of sellers from around the world

Cons: High fees, chance of scam

At the time of writing this paragraph (April 2015) this is the only known way to buy Bitcoins with Paypal. If you’re still looking for extra ways you can take a look at LocalBitcoins and attempt to find sellers that perhaps will be willing to sell you Bitcoin with Paypal.

Local Bitcoins, unlike Virwox is a marketplace where buyers and sellers meet. If you use this option you’ll be dealing with an actual person which means that credibility also comes into play. The way you can use Local Bitcoins to buy Bitcoins with Paypal is by finding a person that is willing to sell them to you. But since the seller is taking a big risk (as I explained in the beginning of this post) the will usually charge a indeed big premium (most of the times this will be more expensive than Virwox). The upside is that you will usually get your Bitcoins swifter.

1. Inject your search parameters

The very first step will be to go to Local Bitcoins and inject how much you want to buy and from which country. Since Local Bitcoins was originally made for people to meet face to face there is no “worldwide” search which is a shame. This means that there is no way to see all of the people who are willing to sell you will Paypal worldwide other then going through each country one at a time.

Two. Choose your seller

On the next screen you’ll see a list of available sellers, you can now browse them one by one. Here are the things to take into account: Feedback score – Located under the seller’s name. It’s advised to conduct transactions only with high feedback sellers.

Trade boundaries – Each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.

Payment window – How much time you have for paying the purchase and marking the payment done after you initiate a trade. It’s also super significant to read the terms of trade for the specific seller located on the right side. Here’s an example:

Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some petite transactions just to get reputation.

Trio. Accomplish the trade

Once you’ve found your seller just come in how much you will to buy and click on “Send trade request”.

Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales). This method is quicker the Virwox but it can take you a lot of time to build up enough reputation, find your seller and also the premiums are indeed high (around %30 and more…).

Buy Bitcoin with Paypal through E-coin

Cons: Requires a long time to accomplish (around ten days)

E-coin is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card you can use E-coin’s card with your Paypal account. In order to buy Bitcoins with your e-coin debit card here’s what you’ll need to do:

1.Order a physical / virtual debit card from e-coin

Go to E-coin. Click on “request fresh card” and choose the type of card you want. It’s possible to buy Bitcoins with Paypal through both cards (physical and virtual).

A Virtual card should cost around $Three and will be enough for this process.

Two. Connect that debit card to your Paypal account and verify it

Inwards your Paypal account, go to “Wallet” -> “Add a card” and add your freshly acquired virtual Bitcoin credit card.

One the card is added you will need to verify it. In order to verify the card you’ll need to have a balance of at least $Three on it so that Paypal will be able to charge you. Once Paypal charges you, you will see a four digit code next to that transaction on your e-coin account. That four digit code in the verification pin for your card on Paypal.

Three. Deposit funds to your Paypal account

I’ll assume you know how to do that 🙂

Four. Withdraw funds from your Paypal account to your e-coin account

Go to “Wallet” -> “Withdraw funds” and choose the “withdraw funds to your card” option.

Make sure to choose your e-coin card. The withdrawal can take up to seven days to emerge in your e-coin account.

Five. Buy Bitcoins with your funded e-coin debit card

Now that your e-coin card has funds in it, you can use them to buy Bitcoins.

The entire process can take some time as verifying your E-coin card with Paypal takes some times and withdrawing the funds can take up to seven business days depending on where you live.

Buy Bitcoins with Paypal through Paxful

Pros: Broad diversity of sellers from around the world

Cons: High exchange rate, chance of scam

Paxful is the smaller less known version of LocalBitcoins. It’s a peer to peer marketplace that permits you to buy Bitcoins with almost anything (e.g. Skype credits, Amazon bounty cards). The process of buying Bitcoins at Paxful is pretty elementary:

  1. Create an account
  2. Choose a payment method for buying and a desired amount
  3. Choose your seller – You can either choose by hand or let Paxful determine who is the best seller for you.

Once the trade initiates you will be sent in to an online talk with the seller where you can finalize the deal. The seller’s Bitcoins will be sent into Escrow and once you mark that you’ve sent your payment they will be released into your account. Keep in mind that if you don’t finalize the deal within a certain timeframe (usually thirty minutes) the deal will be auto-cancelled.

Buy Bitcoins with Paypal Through Cryptonit

Cons: Unestablished company, requires verification

Cryptonit is a cryptocurrency exchange that permits you to deposit funds through Paypal as well as many other payment form like Skrill and a credit card. However unlike Virwox, you will need to go through a verification process in order to qualify for Paypal deposit.

The verification process includes the following:

  • A copy of a government issues photo id
  • An address verification document like a utility bill or rental agreement
  • A photo of you holding these documents or a Skype movie call with someone from Cryptonit

Five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

Table of Contents

Note: If you’re looking to buy Bitcoin with Paypal or a credit card for trading purposes only check out AvaTrade or Plus500 Bitcoin CFD trading. For more information read this post .

One of the fattest issues today in Bitcoin is the fact that you can’t buy it very lightly. Even tho’ Paypal has been very favourable of Bitcoin in the past two years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2016.

Why won’t Paypal permit this ? Elementary. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a brief movie illustrating this).

Post summary:

  1. Go to Virwox
  2. Deposit money to your account with Paypal
  3. Buy SLL on the SLL/USD exchange
  4. Buy Bitcoins with your freshly purchased SLL on the SLL/BTC exchange
  5. Withdraw your Bitcoins

And now for a more detailed explanation and some extra options…

Bitcoin exchanges

Virwox

Local Bitcoins

E-Coin (Wirex)

Paxful

Cryptonit

Coinbase

Buy Bitcoins with PayPal through Virwox

Pros: A reliable method that has been around for a long time.

Now since no exchange presently permits a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (2nd Life Linden Dollars), This currency is used for one of the largest virtual worlds today – 2nd Life.

After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. My guess is that Virwox is able to do this method since they are not directly selling you Bitcoins with Paypal but rather selling you SLL with Paypal which they can prove if you received (unlike Bitcoin since it’s anonymous in nature).

Things you should know about Virwox before we get began:

  • Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit primarily through Paypal or a credit card, here are the exact boundaries according to their website from April 24th 2016.
  • This process hold within it more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this. It’s significant for you to be aware of the different transaction fees.
  • VirWox is delaying fresh user transactions for up to forty eight hours. This means that it can take you two days to accomplish this process (still way quicker than using a wire transfer).
  • If you still don’t receive the Bitcoins after forty eight hours (which is very unusual) you can contact Virwox at [email protected]

If you find yourself getting stuck at any point don’t hesitate to contact me through the contact form on the site.

1. Go to VirWox.

VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more. It has more than 400,000 registered users and is a 2nd Life Lindens authorized reseller.

Two. Open a free account

Click on the “not registered yet” on the top of the left sidebar to open up a fresh account as shown here:

Three. Pack out our private details

Pack out your username and email address. Where it asks for “avatar name” just leave it at “No Avatar”, it doesn’t matter, since you’re not going to play 2nd Life.

Four. Activate your account

Five. Significant. Switch your password!

Do not worry about the message telling “Your avatar connection has not been validated yet” – it is irrelevant.

6. Fund your account through PayPal

Note: From now on for each transaction you will make there will be a fee – make sure you are aware of the relevant deposit and withdrawal fees.

7. Buy SLL with USD

Note: If you haven’t made a deposit yet you will get the screen shown above requesting you to deposit before you buy SLL.

8. Buy BTC with SLL

9. Withdraw your Bitcoins

Will this method actually work ?

Most likely yes. I’m telling very likely because I have received a handful of emails from people who weren’t able to get their Bitcoins. having said that, from all of the people who didn’t get their coins I haven’t gotten one email stating their money wasn’t returned to them. So yes, the process is a bit irritating but I have been using this method since two thousand thirteen and it hasn’t failed me yet.

How much fees will be deducted from my deposit ?

This is most likely the 2nd most asked question I get. It’s significant to understand that when you buy Bitcoins through Virwox you are actually conducting two transactions. USD to SLL and SLL to BTC. This means you’ll need to pay a fee for each of these transactions.

The problem is that Virwox’s fee structure is always switching that is why I advise to check each case in person before proceeding. There is a pretty cool site which shows you the current BTC/USD rate after all of Virwox’s fees. I’m not sure how reliable the site is but you can check it out for yourself here.

Are there any other methods to buy Bitcoin with Paypal other than Virowx?

Yes. However Virwox has been around for the longest time and therefor is the most reliable. If you proceed reading this post I will cover four more methods that you can use but each of them has its pros and cons.

Buy Bitcoins with Paypal through Local Bitcoins

Pros: Broad multitude of sellers from around the world

Cons: High fees, chance of scam

At the time of writing this paragraph (April 2015) this is the only known way to buy Bitcoins with Paypal. If you’re still looking for extra ways you can take a look at LocalBitcoins and attempt to find sellers that perhaps will be willing to sell you Bitcoin with Paypal.

Local Bitcoins, unlike Virwox is a marketplace where buyers and sellers meet. If you use this option you’ll be dealing with an actual person which means that credibility also comes into play. The way you can use Local Bitcoins to buy Bitcoins with Paypal is by finding a person that is willing to sell them to you. But since the seller is taking a big risk (as I explained in the beginning of this post) the will usually charge a truly big premium (most of the times this will be more expensive than Virwox). The upside is that you will usually get your Bitcoins swifter.

1. Inject your search parameters

The very first step will be to go to Local Bitcoins and come in how much you want to buy and from which country. Since Local Bitcoins was originally made for people to meet face to face there is no “worldwide” search which is a shame. This means that there is no way to see all of the people who are willing to sell you will Paypal worldwide other then going through each country one at a time.

Two. Choose your seller

On the next screen you’ll see a list of available sellers, you can now browse them one by one. Here are the things to take into account: Feedback score – Located under the seller’s name. It’s advised to conduct transactions only with high feedback sellers.

Trade boundaries – Each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.

Payment window – How much time you have for paying the purchase and marking the payment done after you initiate a trade. It’s also super significant to read the terms of trade for the specific seller located on the right side. Here’s an example:

Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some petite transactions just to get reputation.

Three. Finish the trade

Once you’ve found your seller just come in how much you will to buy and click on “Send trade request”.

Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales). This method is swifter the Virwox but it can take you a lot of time to build up enough reputation, find your seller and also the premiums are truly high (around %30 and more…).

Buy Bitcoin with Paypal through E-coin

Cons: Requires a long time to finish (around ten days)

E-coin is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card you can use E-coin’s card with your Paypal account. In order to buy Bitcoins with your e-coin debit card here’s what you’ll need to do:

1.Order a physical / virtual debit card from e-coin

Go to E-coin. Click on “request fresh card” and choose the type of card you want. It’s possible to buy Bitcoins with Paypal through both cards (physical and virtual).

A Virtual card should cost around $Trio and will be enough for this process.

Two. Connect that debit card to your Paypal account and verify it

Inwards your Paypal account, go to “Wallet” -> “Add a card” and add your freshly acquired virtual Bitcoin credit card.

One the card is added you will need to verify it. In order to verify the card you’ll need to have a balance of at least $Three on it so that Paypal will be able to charge you. Once Paypal charges you, you will see a four digit code next to that transaction on your e-coin account. That four digit code in the verification pin for your card on Paypal.

Three. Deposit funds to your Paypal account

I’ll assume you know how to do that 🙂

Four. Withdraw funds from your Paypal account to your e-coin account

Go to “Wallet” -> “Withdraw funds” and choose the “withdraw funds to your card” option.

Make sure to choose your e-coin card. The withdrawal can take up to seven days to emerge in your e-coin account.

Five. Buy Bitcoins with your funded e-coin debit card

Now that your e-coin card has funds in it, you can use them to buy Bitcoins.

The entire process can take some time as verifying your E-coin card with Paypal takes some times and withdrawing the funds can take up to seven business days depending on where you live.

Buy Bitcoins with Paypal through Paxful

Pros: Broad diversity of sellers from around the world

Cons: High exchange rate, chance of scam

Paxful is the smaller less known version of LocalBitcoins. It’s a peer to peer marketplace that permits you to buy Bitcoins with almost anything (e.g. Skype credits, Amazon bounty cards). The process of buying Bitcoins at Paxful is pretty plain:

  1. Create an account
  2. Choose a payment method for buying and a desired amount
  3. Choose your seller – You can either choose by hand or let Paxful determine who is the best seller for you.

Once the trade initiates you will be sent in to an online talk with the seller where you can finalize the deal. The seller’s Bitcoins will be sent into Escrow and once you mark that you’ve sent your payment they will be released into your account. Keep in mind that if you don’t finalize the deal within a certain timeframe (usually thirty minutes) the deal will be auto-cancelled.

Buy Bitcoins with Paypal Through Cryptonit

Cons: Unestablished company, requires verification

Cryptonit is a cryptocurrency exchange that permits you to deposit funds through Paypal as well as many other payment form like Skrill and a credit card. However unlike Virwox, you will need to go through a verification process in order to qualify for Paypal deposit.

The verification process includes the following:

  • A copy of a government issues photo id
  • An address verification document like a utility bill or rental agreement
  • A photo of you holding these documents or a Skype movie call with someone from Cryptonit

Five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

Table of Contents

Note: If you’re looking to buy Bitcoin with Paypal or a credit card for trading purposes only check out AvaTrade or Plus500 Bitcoin CFD trading. For more information read this post .

One of the fattest issues today in Bitcoin is the fact that you can’t buy it very lightly. Even however Paypal has been very favourable of Bitcoin in the past two years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2016.

Why won’t Paypal permit this ? Plain. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a brief movie illustrating this).

Post summary:

  1. Go to Virwox
  2. Deposit money to your account with Paypal
  3. Buy SLL on the SLL/USD exchange
  4. Buy Bitcoins with your freshly purchased SLL on the SLL/BTC exchange
  5. Withdraw your Bitcoins

And now for a more detailed explanation and some extra options…

Bitcoin exchanges

Virwox

Local Bitcoins

E-Coin (Wirex)

Paxful

Cryptonit

Coinbase

Buy Bitcoins with PayPal through Virwox

Pros: A reliable method that has been around for a long time.

Now since no exchange presently permits a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (2nd Life Linden Dollars), This currency is used for one of the largest virtual worlds today – 2nd Life.

After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. My guess is that Virwox is able to do this method since they are not directly selling you Bitcoins with Paypal but rather selling you SLL with Paypal which they can prove if you received (unlike Bitcoin since it’s anonymous in nature).

Things you should know about Virwox before we get commenced:

  • Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit originally through Paypal or a credit card, here are the exact thresholds according to their website from April 24th 2016.
  • This process hold within it more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this. It’s significant for you to be aware of the different transaction fees.
  • VirWox is delaying fresh user transactions for up to forty eight hours. This means that it can take you two days to finish this process (still way quicker than using a wire transfer).
  • If you still don’t receive the Bitcoins after forty eight hours (which is very unusual) you can contact Virwox at [email protected]

If you find yourself getting stuck at any point don’t hesitate to contact me through the contact form on the site.

1. Go to VirWox.

VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more. It has more than 400,000 registered users and is a 2nd Life Lindens authorized reseller.

Two. Open a free account

Click on the “not registered yet” on the top of the left sidebar to open up a fresh account as shown here:

Trio. Pack out our private details

Pack out your username and email address. Where it asks for “avatar name” just leave it at “No Avatar”, it doesn’t matter, since you’re not going to play 2nd Life.

Four. Activate your account

Five. Significant. Switch your password!

Do not worry about the message telling “Your avatar connection has not been validated yet” – it is irrelevant.

6. Fund your account through PayPal

Note: From now on for each transaction you will make there will be a fee – make sure you are aware of the relevant deposit and withdrawal fees.

7. Buy SLL with USD

Note: If you haven’t made a deposit yet you will get the screen shown above requesting you to deposit before you buy SLL.

8. Buy BTC with SLL

9. Withdraw your Bitcoins

Will this method actually work ?

Very likely yes. I’m telling very likely because I have received a handful of emails from people who weren’t able to get their Bitcoins. having said that, from all of the people who didn’t get their coins I haven’t gotten one email stating their money wasn’t returned to them. So yes, the process is a bit irritating but I have been using this method since two thousand thirteen and it hasn’t failed me yet.

How much fees will be deducted from my deposit ?

This is most likely the 2nd most asked question I get. It’s significant to understand that when you buy Bitcoins through Virwox you are actually conducting two transactions. USD to SLL and SLL to BTC. This means you’ll need to pay a fee for each of these transactions.

The problem is that Virwox’s fee structure is always switching that is why I advise to check each case in person before proceeding. There is a pretty cool site which shows you the current BTC/USD rate after all of Virwox’s fees. I’m not sure how reliable the site is but you can check it out for yourself here.

Are there any other methods to buy Bitcoin with Paypal other than Virowx?

Yes. However Virwox has been around for the longest time and therefor is the most reliable. If you proceed reading this post I will cover four more methods that you can use but each of them has its pros and cons.

Buy Bitcoins with Paypal through Local Bitcoins

Pros: Broad diversity of sellers from around the world

Cons: High fees, chance of scam

At the time of writing this paragraph (April 2015) this is the only known way to buy Bitcoins with Paypal. If you’re still looking for extra ways you can take a look at LocalBitcoins and attempt to find sellers that perhaps will be willing to sell you Bitcoin with Paypal.

Local Bitcoins, unlike Virwox is a marketplace where buyers and sellers meet. If you use this option you’ll be dealing with an actual person which means that credibility also comes into play. The way you can use Local Bitcoins to buy Bitcoins with Paypal is by finding a person that is willing to sell them to you. But since the seller is taking a big risk (as I explained in the beginning of this post) the will usually charge a truly big premium (most of the times this will be more expensive than Virwox). The upside is that you will usually get your Bitcoins swifter.

1. Come in your search parameters

The very first step will be to go to Local Bitcoins and come in how much you want to buy and from which country. Since Local Bitcoins was originally made for people to meet face to face there is no “worldwide” search which is a shame. This means that there is no way to see all of the people who are willing to sell you will Paypal worldwide other then going through each country one at a time.

Two. Choose your seller

On the next screen you’ll see a list of available sellers, you can now browse them one by one. Here are the things to take into account: Feedback score – Located under the seller’s name. It’s advised to conduct transactions only with high feedback sellers.

Trade boundaries – Each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.

Payment window – How much time you have for paying the purchase and marking the payment done after you initiate a trade. It’s also super significant to read the terms of trade for the specific seller located on the right side. Here’s an example:

Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some puny transactions just to get reputation.

Three. Finish the trade

Once you’ve found your seller just inject how much you will to buy and click on “Send trade request”.

Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales). This method is swifter the Virwox but it can take you a lot of time to build up enough reputation, find your seller and also the premiums are indeed high (around %30 and more…).

Buy Bitcoin with Paypal through E-coin

Cons: Requires a long time to accomplish (around ten days)

E-coin is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card you can use E-coin’s card with your Paypal account. In order to buy Bitcoins with your e-coin debit card here’s what you’ll need to do:

1.Order a physical / virtual debit card from e-coin

Go to E-coin. Click on “request fresh card” and choose the type of card you want. It’s possible to buy Bitcoins with Paypal through both cards (physical and virtual).

A Virtual card should cost around $Trio and will be enough for this process.

Two. Connect that debit card to your Paypal account and verify it

Inwards your Paypal account, go to “Wallet” -> “Add a card” and add your freshly acquired virtual Bitcoin credit card.

One the card is added you will need to verify it. In order to verify the card you’ll need to have a balance of at least $Trio on it so that Paypal will be able to charge you. Once Paypal charges you, you will see a four digit code next to that transaction on your e-coin account. That four digit code in the verification pin for your card on Paypal.

Trio. Deposit funds to your Paypal account

I’ll assume you know how to do that 🙂

Four. Withdraw funds from your Paypal account to your e-coin account

Go to “Wallet” -> “Withdraw funds” and choose the “withdraw funds to your card” option.

Make sure to choose your e-coin card. The withdrawal can take up to seven days to emerge in your e-coin account.

Five. Buy Bitcoins with your funded e-coin debit card

Now that your e-coin card has funds in it, you can use them to buy Bitcoins.

The entire process can take some time as verifying your E-coin card with Paypal takes some times and withdrawing the funds can take up to seven business days depending on where you live.

Buy Bitcoins with Paypal through Paxful

Pros: Broad diversity of sellers from around the world

Cons: High exchange rate, chance of scam

Paxful is the smaller less known version of LocalBitcoins. It’s a peer to peer marketplace that permits you to buy Bitcoins with almost anything (e.g. Skype credits, Amazon bounty cards). The process of buying Bitcoins at Paxful is pretty plain:

  1. Create an account
  2. Choose a payment method for buying and a desired amount
  3. Choose your seller – You can either choose by hand or let Paxful determine who is the best seller for you.

Once the trade initiates you will be sent in to an online talk with the seller where you can finalize the deal. The seller’s Bitcoins will be sent into Escrow and once you mark that you’ve sent your payment they will be released into your account. Keep in mind that if you don’t finalize the deal within a certain timeframe (usually thirty minutes) the deal will be auto-cancelled.

Buy Bitcoins with Paypal Through Cryptonit

Cons: Unestablished company, requires verification

Cryptonit is a cryptocurrency exchange that permits you to deposit funds through Paypal as well as many other payment form like Skrill and a credit card. However unlike Virwox, you will need to go through a verification process in order to qualify for Paypal deposit.

The verification process includes the following:

  • A copy of a government issues photo id
  • An address verification document like a utility bill or rental agreement
  • A photo of you holding these documents or a Skype movie call with someone from Cryptonit

Five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

Table of Contents

Note: If you’re looking to buy Bitcoin with Paypal or a credit card for trading purposes only check out AvaTrade or Plus500 Bitcoin CFD trading. For more information read this post .

One of the thickest issues today in Bitcoin is the fact that you can’t buy it very lightly. Even however Paypal has been very favourable of Bitcoin in the past two years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2016.

Why won’t Paypal permit this ? Ordinary. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a brief movie illustrating this).

Post summary:

  1. Go to Virwox
  2. Deposit money to your account with Paypal
  3. Buy SLL on the SLL/USD exchange
  4. Buy Bitcoins with your freshly purchased SLL on the SLL/BTC exchange
  5. Withdraw your Bitcoins

And now for a more detailed explanation and some extra options…

Bitcoin exchanges

Virwox

Local Bitcoins

E-Coin (Wirex)

Paxful

Cryptonit

Coinbase

Buy Bitcoins with PayPal through Virwox

Pros: A reliable method that has been around for a long time.

Now since no exchange presently permits a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (2nd Life Linden Dollars), This currency is used for one of the thickest virtual worlds today – 2nd Life.

After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. My guess is that Virwox is able to do this method since they are not directly selling you Bitcoins with Paypal but rather selling you SLL with Paypal which they can prove if you received (unlike Bitcoin since it’s anonymous in nature).

Things you should know about Virwox before we get commenced:

  • Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit primarily through Paypal or a credit card, here are the exact boundaries according to their website from April 24th 2016.
  • This process hold within it more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this. It’s significant for you to be aware of the different transaction fees.
  • VirWox is delaying fresh user transactions for up to forty eight hours. This means that it can take you two days to accomplish this process (still way quicker than using a wire transfer).
  • If you still don’t receive the Bitcoins after forty eight hours (which is very unusual) you can contact Virwox at [email protected]

If you find yourself getting stuck at any point don’t hesitate to contact me through the contact form on the site.

1. Go to VirWox.

VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more. It has more than 400,000 registered users and is a 2nd Life Lindens authorized reseller.

Two. Open a free account

Click on the “not registered yet” on the top of the left sidebar to open up a fresh account as shown here:

Trio. Pack out our private details

Pack out your username and email address. Where it asks for “avatar name” just leave it at “No Avatar”, it doesn’t matter, since you’re not going to play 2nd Life.

Four. Activate your account

Five. Significant. Switch your password!

Do not worry about the message telling “Your avatar connection has not been validated yet” – it is irrelevant.

6. Fund your account through PayPal

Note: From now on for each transaction you will make there will be a fee – make sure you are aware of the relevant deposit and withdrawal fees.

7. Buy SLL with USD

Note: If you haven’t made a deposit yet you will get the screen shown above requesting you to deposit before you buy SLL.

8. Buy BTC with SLL

9. Withdraw your Bitcoins

Will this method actually work ?

Most likely yes. I’m telling very likely because I have received a handful of emails from people who weren’t able to get their Bitcoins. having said that, from all of the people who didn’t get their coins I haven’t gotten one email stating their money wasn’t returned to them. So yes, the process is a bit irritating but I have been using this method since two thousand thirteen and it hasn’t failed me yet.

How much fees will be deducted from my deposit ?

This is very likely the 2nd most asked question I get. It’s significant to understand that when you buy Bitcoins through Virwox you are actually conducting two transactions. USD to SLL and SLL to BTC. This means you’ll need to pay a fee for each of these transactions.

The problem is that Virwox’s fee structure is always switching that is why I advise to check each case in person before proceeding. There is a pretty cool site which shows you the current BTC/USD rate after all of Virwox’s fees. I’m not sure how reliable the site is but you can check it out for yourself here.

Are there any other methods to buy Bitcoin with Paypal other than Virowx?

Yes. However Virwox has been around for the longest time and therefor is the most reliable. If you proceed reading this post I will cover four more methods that you can use but each of them has its pros and cons.

Buy Bitcoins with Paypal through Local Bitcoins

Pros: Broad diversity of sellers from around the world

Cons: High fees, chance of scam

At the time of writing this paragraph (April 2015) this is the only known way to buy Bitcoins with Paypal. If you’re still looking for extra ways you can take a look at LocalBitcoins and attempt to find sellers that perhaps will be willing to sell you Bitcoin with Paypal.

Local Bitcoins, unlike Virwox is a marketplace where buyers and sellers meet. If you use this option you’ll be dealing with an actual person which means that credibility also comes into play. The way you can use Local Bitcoins to buy Bitcoins with Paypal is by finding a person that is willing to sell them to you. But since the seller is taking a big risk (as I explained in the beginning of this post) the will usually charge a truly big premium (most of the times this will be more expensive than Virwox). The upside is that you will usually get your Bitcoins swifter.

1. Inject your search parameters

The very first step will be to go to Local Bitcoins and inject how much you want to buy and from which country. Since Local Bitcoins was originally made for people to meet face to face there is no “worldwide” search which is a shame. This means that there is no way to see all of the people who are willing to sell you will Paypal worldwide other then going through each country one at a time.

Two. Choose your seller

On the next screen you’ll see a list of available sellers, you can now browse them one by one. Here are the things to take into account: Feedback score – Located under the seller’s name. It’s advised to conduct transactions only with high feedback sellers.

Trade boundaries – Each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.

Payment window – How much time you have for paying the purchase and marking the payment done after you initiate a trade. It’s also super significant to read the terms of trade for the specific seller located on the right side. Here’s an example:

Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some petite transactions just to get reputation.

Three. Finish the trade

Once you’ve found your seller just inject how much you will to buy and click on “Send trade request”.

Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales). This method is swifter the Virwox but it can take you a lot of time to build up enough reputation, find your seller and also the premiums are truly high (around %30 and more…).

Buy Bitcoin with Paypal through E-coin

Cons: Requires a long time to finish (around ten days)

E-coin is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card you can use E-coin’s card with your Paypal account. In order to buy Bitcoins with your e-coin debit card here’s what you’ll need to do:

1.Order a physical / virtual debit card from e-coin

Go to E-coin. Click on “request fresh card” and choose the type of card you want. It’s possible to buy Bitcoins with Paypal through both cards (physical and virtual).

A Virtual card should cost around $Three and will be enough for this process.

Two. Connect that debit card to your Paypal account and verify it

Inwards your Paypal account, go to “Wallet” -> “Add a card” and add your freshly acquired virtual Bitcoin credit card.

One the card is added you will need to verify it. In order to verify the card you’ll need to have a balance of at least $Trio on it so that Paypal will be able to charge you. Once Paypal charges you, you will see a four digit code next to that transaction on your e-coin account. That four digit code in the verification pin for your card on Paypal.

Three. Deposit funds to your Paypal account

I’ll assume you know how to do that 🙂

Four. Withdraw funds from your Paypal account to your e-coin account

Go to “Wallet” -> “Withdraw funds” and choose the “withdraw funds to your card” option.

Make sure to choose your e-coin card. The withdrawal can take up to seven days to emerge in your e-coin account.

Five. Buy Bitcoins with your funded e-coin debit card

Now that your e-coin card has funds in it, you can use them to buy Bitcoins.

The entire process can take some time as verifying your E-coin card with Paypal takes some times and withdrawing the funds can take up to seven business days depending on where you live.

Buy Bitcoins with Paypal through Paxful

Pros: Broad diversity of sellers from around the world

Cons: High exchange rate, chance of scam

Paxful is the smaller less known version of LocalBitcoins. It’s a peer to peer marketplace that permits you to buy Bitcoins with almost anything (e.g. Skype credits, Amazon bounty cards). The process of buying Bitcoins at Paxful is pretty elementary:

  1. Create an account
  2. Choose a payment method for buying and a desired amount
  3. Choose your seller – You can either choose by hand or let Paxful determine who is the best seller for you.

Once the trade initiates you will be sent in to an online talk with the seller where you can finalize the deal. The seller’s Bitcoins will be sent into Escrow and once you mark that you’ve sent your payment they will be released into your account. Keep in mind that if you don’t finalize the deal within a certain timeframe (usually thirty minutes) the deal will be auto-cancelled.

Buy Bitcoins with Paypal Through Cryptonit

Cons: Unestablished company, requires verification

Cryptonit is a cryptocurrency exchange that permits you to deposit funds through Paypal as well as many other payment form like Skrill and a credit card. However unlike Virwox, you will need to go through a verification process in order to qualify for Paypal deposit.

The verification process includes the following:

  • A copy of a government issues photo id
  • An address verification document like a utility bill or rental agreement
  • A photo of you holding these documents or a Skype movie call with someone from Cryptonit

Five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

Table of Contents

Note: If you’re looking to buy Bitcoin with Paypal or a credit card for trading purposes only check out AvaTrade or Plus500 Bitcoin CFD trading. For more information read this post .

One of the fattest issues today in Bitcoin is the fact that you can’t buy it very lightly. Even however Paypal has been very favourable of Bitcoin in the past two years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2016.

Why won’t Paypal permit this ? Ordinary. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a brief movie illustrating this).

Post summary:

  1. Go to Virwox
  2. Deposit money to your account with Paypal
  3. Buy SLL on the SLL/USD exchange
  4. Buy Bitcoins with your freshly purchased SLL on the SLL/BTC exchange
  5. Withdraw your Bitcoins

And now for a more detailed explanation and some extra options…

Bitcoin exchanges

Virwox

Local Bitcoins

E-Coin (Wirex)

Paxful

Cryptonit

Coinbase

Buy Bitcoins with PayPal through Virwox

Pros: A reliable method that has been around for a long time.

Now since no exchange presently permits a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (2nd Life Linden Dollars), This currency is used for one of the thickest virtual worlds today – 2nd Life.

After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. My guess is that Virwox is able to do this method since they are not directly selling you Bitcoins with Paypal but rather selling you SLL with Paypal which they can prove if you received (unlike Bitcoin since it’s anonymous in nature).

Things you should know about Virwox before we get began:

  • Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit originally through Paypal or a credit card, here are the exact boundaries according to their website from April 24th 2016.
  • This process hold within it more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this. It’s significant for you to be aware of the different transaction fees.
  • VirWox is delaying fresh user transactions for up to forty eight hours. This means that it can take you two days to finish this process (still way swifter than using a wire transfer).
  • If you still don’t receive the Bitcoins after forty eight hours (which is very unusual) you can contact Virwox at [email protected]

If you find yourself getting stuck at any point don’t hesitate to contact me through the contact form on the site.

1. Go to VirWox.

VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more. It has more than 400,000 registered users and is a 2nd Life Lindens authorized reseller.

Two. Open a free account

Click on the “not registered yet” on the top of the left sidebar to open up a fresh account as shown here:

Three. Pack out our private details

Pack out your username and email address. Where it asks for “avatar name” just leave it at “No Avatar”, it doesn’t matter, since you’re not going to play 2nd Life.

Four. Activate your account

Five. Significant. Switch your password!

Do not worry about the message telling “Your avatar connection has not been validated yet” – it is irrelevant.

6. Fund your account through PayPal

Note: From now on for each transaction you will make there will be a fee – make sure you are aware of the relevant deposit and withdrawal fees.

7. Buy SLL with USD

Note: If you haven’t made a deposit yet you will get the screen shown above requesting you to deposit before you buy SLL.

8. Buy BTC with SLL

9. Withdraw your Bitcoins

Will this method actually work ?

Most likely yes. I’m telling most likely because I have received a handful of emails from people who weren’t able to get their Bitcoins. having said that, from all of the people who didn’t get their coins I haven’t gotten one email stating their money wasn’t returned to them. So yes, the process is a bit irritating but I have been using this method since two thousand thirteen and it hasn’t failed me yet.

How much fees will be deducted from my deposit ?

This is very likely the 2nd most asked question I get. It’s significant to understand that when you buy Bitcoins through Virwox you are actually conducting two transactions. USD to SLL and SLL to BTC. This means you’ll need to pay a fee for each of these transactions.

The problem is that Virwox’s fee structure is always switching that is why I advise to check each case in person before proceeding. There is a pretty cool site which shows you the current BTC/USD rate after all of Virwox’s fees. I’m not sure how reliable the site is but you can check it out for yourself here.

Are there any other methods to buy Bitcoin with Paypal other than Virowx?

Yes. However Virwox has been around for the longest time and therefor is the most reliable. If you proceed reading this post I will cover four more methods that you can use but each of them has its pros and cons.

Buy Bitcoins with Paypal through Local Bitcoins

Pros: Broad multiplicity of sellers from around the world

Cons: High fees, chance of scam

At the time of writing this paragraph (April 2015) this is the only known way to buy Bitcoins with Paypal. If you’re still looking for extra ways you can take a look at LocalBitcoins and attempt to find sellers that perhaps will be willing to sell you Bitcoin with Paypal.

Local Bitcoins, unlike Virwox is a marketplace where buyers and sellers meet. If you use this option you’ll be dealing with an actual person which means that credibility also comes into play. The way you can use Local Bitcoins to buy Bitcoins with Paypal is by finding a person that is willing to sell them to you. But since the seller is taking a big risk (as I explained in the beginning of this post) the will usually charge a indeed big premium (most of the times this will be more expensive than Virwox). The upside is that you will usually get your Bitcoins swifter.

1. Inject your search parameters

The very first step will be to go to Local Bitcoins and come in how much you want to buy and from which country. Since Local Bitcoins was originally made for people to meet face to face there is no “worldwide” search which is a shame. This means that there is no way to see all of the people who are willing to sell you will Paypal worldwide other then going through each country one at a time.

Two. Choose your seller

On the next screen you’ll see a list of available sellers, you can now browse them one by one. Here are the things to take into account: Feedback score – Located under the seller’s name. It’s advised to conduct transactions only with high feedback sellers.

Trade thresholds – Each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.

Payment window – How much time you have for paying the purchase and marking the payment done after you initiate a trade. It’s also super significant to read the terms of trade for the specific seller located on the right side. Here’s an example:

Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some puny transactions just to get reputation.

Trio. Finish the trade

Once you’ve found your seller just come in how much you will to buy and click on “Send trade request”.

Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales). This method is quicker the Virwox but it can take you a lot of time to build up enough reputation, find your seller and also the premiums are indeed high (around %30 and more…).

Buy Bitcoin with Paypal through E-coin

Cons: Requires a long time to finish (around ten days)

E-coin is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card you can use E-coin’s card with your Paypal account. In order to buy Bitcoins with your e-coin debit card here’s what you’ll need to do:

1.Order a physical / virtual debit card from e-coin

Go to E-coin. Click on “request fresh card” and choose the type of card you want. It’s possible to buy Bitcoins with Paypal through both cards (physical and virtual).

A Virtual card should cost around $Trio and will be enough for this process.

Two. Connect that debit card to your Paypal account and verify it

Inwards your Paypal account, go to “Wallet” -> “Add a card” and add your freshly acquired virtual Bitcoin credit card.

One the card is added you will need to verify it. In order to verify the card you’ll need to have a balance of at least $Trio on it so that Paypal will be able to charge you. Once Paypal charges you, you will see a four digit code next to that transaction on your e-coin account. That four digit code in the verification pin for your card on Paypal.

Three. Deposit funds to your Paypal account

I’ll assume you know how to do that 🙂

Four. Withdraw funds from your Paypal account to your e-coin account

Go to “Wallet” -> “Withdraw funds” and choose the “withdraw funds to your card” option.

Make sure to choose your e-coin card. The withdrawal can take up to seven days to show up in your e-coin account.

Five. Buy Bitcoins with your funded e-coin debit card

Now that your e-coin card has funds in it, you can use them to buy Bitcoins.

The entire process can take some time as verifying your E-coin card with Paypal takes some times and withdrawing the funds can take up to seven business days depending on where you live.

Buy Bitcoins with Paypal through Paxful

Pros: Broad diversity of sellers from around the world

Cons: High exchange rate, chance of scam

Paxful is the smaller less known version of LocalBitcoins. It’s a peer to peer marketplace that permits you to buy Bitcoins with almost anything (e.g. Skype credits, Amazon bounty cards). The process of buying Bitcoins at Paxful is pretty plain:

  1. Create an account
  2. Choose a payment method for buying and a desired amount
  3. Choose your seller – You can either choose by hand or let Paxful determine who is the best seller for you.

Once the trade initiates you will be sent in to an online talk with the seller where you can finalize the deal. The seller’s Bitcoins will be sent into Escrow and once you mark that you’ve sent your payment they will be released into your account. Keep in mind that if you don’t finalize the deal within a certain timeframe (usually thirty minutes) the deal will be auto-cancelled.

Buy Bitcoins with Paypal Through Cryptonit

Cons: Unestablished company, requires verification

Cryptonit is a cryptocurrency exchange that permits you to deposit funds through Paypal as well as many other payment form like Skrill and a credit card. However unlike Virwox, you will need to go through a verification process in order to qualify for Paypal deposit.

The verification process includes the following:

  • A copy of a government issues photo id
  • An address verification document like a utility bill or rental agreement
  • A photo of you holding these documents or a Skype movie call with someone from Cryptonit

Five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

Table of Contents

Note: If you’re looking to buy Bitcoin with Paypal or a credit card for trading purposes only check out AvaTrade or Plus500 Bitcoin CFD trading. For more information read this post .

One of the largest issues today in Bitcoin is the fact that you can’t buy it very lightly. Even however Paypal has been very favourable of Bitcoin in the past two years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2016.

Why won’t Paypal permit this ? Elementary. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a brief movie illustrating this).

Post summary:

  1. Go to Virwox
  2. Deposit money to your account with Paypal
  3. Buy SLL on the SLL/USD exchange
  4. Buy Bitcoins with your freshly purchased SLL on the SLL/BTC exchange
  5. Withdraw your Bitcoins

And now for a more detailed explanation and some extra options…

Bitcoin exchanges

Virwox

Local Bitcoins

E-Coin (Wirex)

Paxful

Cryptonit

Coinbase

Buy Bitcoins with PayPal through Virwox

Pros: A reliable method that has been around for a long time.

Now since no exchange presently permits a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (2nd Life Linden Dollars), This currency is used for one of the thickest virtual worlds today – 2nd Life.

After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. My guess is that Virwox is able to do this method since they are not directly selling you Bitcoins with Paypal but rather selling you SLL with Paypal which they can prove if you received (unlike Bitcoin since it’s anonymous in nature).

Things you should know about Virwox before we get began:

  • Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit primarily through Paypal or a credit card, here are the exact thresholds according to their website from April 24th 2016.
  • This process hold within it more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this. It’s significant for you to be aware of the different transaction fees.
  • VirWox is delaying fresh user transactions for up to forty eight hours. This means that it can take you two days to finish this process (still way swifter than using a wire transfer).
  • If you still don’t receive the Bitcoins after forty eight hours (which is very unusual) you can contact Virwox at [email protected]

If you find yourself getting stuck at any point don’t hesitate to contact me through the contact form on the site.

1. Go to VirWox.

VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more. It has more than 400,000 registered users and is a 2nd Life Lindens authorized reseller.

Two. Open a free account

Click on the “not registered yet” on the top of the left sidebar to open up a fresh account as shown here:

Trio. Pack out our individual details

Pack out your username and email address. Where it asks for “avatar name” just leave it at “No Avatar”, it doesn’t matter, since you’re not going to play 2nd Life.

Four. Activate your account

Five. Significant. Switch your password!

Do not worry about the message telling “Your avatar connection has not been validated yet” – it is irrelevant.

6. Fund your account through PayPal

Note: From now on for each transaction you will make there will be a fee – make sure you are aware of the relevant deposit and withdrawal fees.

7. Buy SLL with USD

Note: If you haven’t made a deposit yet you will get the screen shown above requesting you to deposit before you buy SLL.

8. Buy BTC with SLL

9. Withdraw your Bitcoins

Will this method actually work ?

Very likely yes. I’m telling very likely because I have received a handful of emails from people who weren’t able to get their Bitcoins. having said that, from all of the people who didn’t get their coins I haven’t gotten one email stating their money wasn’t returned to them. So yes, the process is a bit irritating but I have been using this method since two thousand thirteen and it hasn’t failed me yet.

How much fees will be deducted from my deposit ?

This is most likely the 2nd most asked question I get. It’s significant to understand that when you buy Bitcoins through Virwox you are actually conducting two transactions. USD to SLL and SLL to BTC. This means you’ll need to pay a fee for each of these transactions.

The problem is that Virwox’s fee structure is always switching that is why I advise to check each case in person before proceeding. There is a pretty cool site which shows you the current BTC/USD rate after all of Virwox’s fees. I’m not sure how reliable the site is but you can check it out for yourself here.

Are there any other methods to buy Bitcoin with Paypal other than Virowx?

Yes. However Virwox has been around for the longest time and therefor is the most reliable. If you proceed reading this post I will cover four more methods that you can use but each of them has its pros and cons.

Buy Bitcoins with Paypal through Local Bitcoins

Pros: Broad diversity of sellers from around the world

Cons: High fees, chance of scam

At the time of writing this paragraph (April 2015) this is the only known way to buy Bitcoins with Paypal. If you’re still looking for extra ways you can take a look at LocalBitcoins and attempt to find sellers that perhaps will be willing to sell you Bitcoin with Paypal.

Local Bitcoins, unlike Virwox is a marketplace where buyers and sellers meet. If you use this option you’ll be dealing with an actual person which means that credibility also comes into play. The way you can use Local Bitcoins to buy Bitcoins with Paypal is by finding a person that is willing to sell them to you. But since the seller is taking a big risk (as I explained in the beginning of this post) the will usually charge a truly big premium (most of the times this will be more expensive than Virwox). The upside is that you will usually get your Bitcoins swifter.

1. Come in your search parameters

The very first step will be to go to Local Bitcoins and come in how much you want to buy and from which country. Since Local Bitcoins was originally made for people to meet face to face there is no “worldwide” search which is a shame. This means that there is no way to see all of the people who are willing to sell you will Paypal worldwide other then going through each country one at a time.

Two. Choose your seller

On the next screen you’ll see a list of available sellers, you can now browse them one by one. Here are the things to take into account: Feedback score – Located under the seller’s name. It’s advised to conduct transactions only with high feedback sellers.

Trade thresholds – Each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.

Payment window – How much time you have for paying the purchase and marking the payment done after you initiate a trade. It’s also super significant to read the terms of trade for the specific seller located on the right side. Here’s an example:

Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some puny transactions just to get reputation.

Three. Finish the trade

Once you’ve found your seller just come in how much you will to buy and click on “Send trade request”.

Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales). This method is swifter the Virwox but it can take you a lot of time to build up enough reputation, find your seller and also the premiums are indeed high (around %30 and more…).

Buy Bitcoin with Paypal through E-coin

Cons: Requires a long time to accomplish (around ten days)

E-coin is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card you can use E-coin’s card with your Paypal account. In order to buy Bitcoins with your e-coin debit card here’s what you’ll need to do:

1.Order a physical / virtual debit card from e-coin

Go to E-coin. Click on “request fresh card” and choose the type of card you want. It’s possible to buy Bitcoins with Paypal through both cards (physical and virtual).

A Virtual card should cost around $Three and will be enough for this process.

Two. Connect that debit card to your Paypal account and verify it

Inwards your Paypal account, go to “Wallet” -> “Add a card” and add your freshly acquired virtual Bitcoin credit card.

One the card is added you will need to verify it. In order to verify the card you’ll need to have a balance of at least $Three on it so that Paypal will be able to charge you. Once Paypal charges you, you will see a four digit code next to that transaction on your e-coin account. That four digit code in the verification pin for your card on Paypal.

Trio. Deposit funds to your Paypal account

I’ll assume you know how to do that 🙂

Four. Withdraw funds from your Paypal account to your e-coin account

Go to “Wallet” -> “Withdraw funds” and choose the “withdraw funds to your card” option.

Make sure to choose your e-coin card. The withdrawal can take up to seven days to emerge in your e-coin account.

Five. Buy Bitcoins with your funded e-coin debit card

Now that your e-coin card has funds in it, you can use them to buy Bitcoins.

The entire process can take some time as verifying your E-coin card with Paypal takes some times and withdrawing the funds can take up to seven business days depending on where you live.

Buy Bitcoins with Paypal through Paxful

Pros: Broad diversity of sellers from around the world

Cons: High exchange rate, chance of scam

Paxful is the smaller less known version of LocalBitcoins. It’s a peer to peer marketplace that permits you to buy Bitcoins with almost anything (e.g. Skype credits, Amazon bounty cards). The process of buying Bitcoins at Paxful is pretty ordinary:

  1. Create an account
  2. Choose a payment method for buying and a desired amount
  3. Choose your seller – You can either choose by hand or let Paxful determine who is the best seller for you.

Once the trade initiates you will be sent in to an online talk with the seller where you can finalize the deal. The seller’s Bitcoins will be sent into Escrow and once you mark that you’ve sent your payment they will be released into your account. Keep in mind that if you don’t finalize the deal within a certain timeframe (usually thirty minutes) the deal will be auto-cancelled.

Buy Bitcoins with Paypal Through Cryptonit

Cons: Unestablished company, requires verification

Cryptonit is a cryptocurrency exchange that permits you to deposit funds through Paypal as well as many other payment form like Skrill and a credit card. However unlike Virwox, you will need to go through a verification process in order to qualify for Paypal deposit.

The verification process includes the following:

  • A copy of a government issues photo id
  • An address verification document like a utility bill or rental agreement
  • A photo of you holding these documents or a Skype movie call with someone from Cryptonit

Five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

Table of Contents

Note: If you’re looking to buy Bitcoin with Paypal or a credit card for trading purposes only check out AvaTrade or Plus500 Bitcoin CFD trading. For more information read this post .

One of the thickest issues today in Bitcoin is the fact that you can’t buy it very lightly. Even tho’ Paypal has been very favourable of Bitcoin in the past two years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2016.

Why won’t Paypal permit this ? Plain. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a brief movie illustrating this).

Post summary:

  1. Go to Virwox
  2. Deposit money to your account with Paypal
  3. Buy SLL on the SLL/USD exchange
  4. Buy Bitcoins with your freshly purchased SLL on the SLL/BTC exchange
  5. Withdraw your Bitcoins

And now for a more detailed explanation and some extra options…

Bitcoin exchanges

Virwox

Local Bitcoins

E-Coin (Wirex)

Paxful

Cryptonit

Coinbase

Buy Bitcoins with PayPal through Virwox

Pros: A reliable method that has been around for a long time.

Now since no exchange presently permits a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (2nd Life Linden Dollars), This currency is used for one of the thickest virtual worlds today – 2nd Life.

After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. My guess is that Virwox is able to do this method since they are not directly selling you Bitcoins with Paypal but rather selling you SLL with Paypal which they can prove if you received (unlike Bitcoin since it’s anonymous in nature).

Things you should know about Virwox before we get began:

  • Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit originally through Paypal or a credit card, here are the exact boundaries according to their website from April 24th 2016.
  • This process hold within it more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this. It’s significant for you to be aware of the different transaction fees.
  • VirWox is delaying fresh user transactions for up to forty eight hours. This means that it can take you two days to finish this process (still way swifter than using a wire transfer).
  • If you still don’t receive the Bitcoins after forty eight hours (which is very unusual) you can contact Virwox at [email protected]

If you find yourself getting stuck at any point don’t hesitate to contact me through the contact form on the site.

1. Go to VirWox.

VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more. It has more than 400,000 registered users and is a 2nd Life Lindens authorized reseller.

Two. Open a free account

Click on the “not registered yet” on the top of the left sidebar to open up a fresh account as shown here:

Three. Pack out our individual details

Pack out your username and email address. Where it asks for “avatar name” just leave it at “No Avatar”, it doesn’t matter, since you’re not going to play 2nd Life.

Four. Activate your account

Five. Significant. Switch your password!

Do not worry about the message telling “Your avatar connection has not been validated yet” – it is irrelevant.

6. Fund your account through PayPal

Note: From now on for each transaction you will make there will be a fee – make sure you are aware of the relevant deposit and withdrawal fees.

7. Buy SLL with USD

Note: If you haven’t made a deposit yet you will get the screen shown above requesting you to deposit before you buy SLL.

8. Buy BTC with SLL

9. Withdraw your Bitcoins

Will this method actually work ?

Very likely yes. I’m telling most likely because I have received a handful of emails from people who weren’t able to get their Bitcoins. having said that, from all of the people who didn’t get their coins I haven’t gotten one email stating their money wasn’t returned to them. So yes, the process is a bit irritating but I have been using this method since two thousand thirteen and it hasn’t failed me yet.

How much fees will be deducted from my deposit ?

This is very likely the 2nd most asked question I get. It’s significant to understand that when you buy Bitcoins through Virwox you are actually conducting two transactions. USD to SLL and SLL to BTC. This means you’ll need to pay a fee for each of these transactions.

The problem is that Virwox’s fee structure is always switching that is why I advise to check each case in person before proceeding. There is a pretty cool site which shows you the current BTC/USD rate after all of Virwox’s fees. I’m not sure how reliable the site is but you can check it out for yourself here.

Are there any other methods to buy Bitcoin with Paypal other than Virowx?

Yes. However Virwox has been around for the longest time and therefor is the most reliable. If you proceed reading this post I will cover four more methods that you can use but each of them has its pros and cons.

Buy Bitcoins with Paypal through Local Bitcoins

Pros: Broad multiplicity of sellers from around the world

Cons: High fees, chance of scam

At the time of writing this paragraph (April 2015) this is the only known way to buy Bitcoins with Paypal. If you’re still looking for extra ways you can take a look at LocalBitcoins and attempt to find sellers that perhaps will be willing to sell you Bitcoin with Paypal.

Local Bitcoins, unlike Virwox is a marketplace where buyers and sellers meet. If you use this option you’ll be dealing with an actual person which means that credibility also comes into play. The way you can use Local Bitcoins to buy Bitcoins with Paypal is by finding a person that is willing to sell them to you. But since the seller is taking a big risk (as I explained in the beginning of this post) the will usually charge a truly big premium (most of the times this will be more expensive than Virwox). The upside is that you will usually get your Bitcoins swifter.

1. Inject your search parameters

The very first step will be to go to Local Bitcoins and come in how much you want to buy and from which country. Since Local Bitcoins was originally made for people to meet face to face there is no “worldwide” search which is a shame. This means that there is no way to see all of the people who are willing to sell you will Paypal worldwide other then going through each country one at a time.

Two. Choose your seller

On the next screen you’ll see a list of available sellers, you can now browse them one by one. Here are the things to take into account: Feedback score – Located under the seller’s name. It’s advised to conduct transactions only with high feedback sellers.

Trade thresholds – Each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.

Payment window – How much time you have for paying the purchase and marking the payment done after you initiate a trade. It’s also super significant to read the terms of trade for the specific seller located on the right side. Here’s an example:

Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some puny transactions just to get reputation.

Trio. Finish the trade

Once you’ve found your seller just inject how much you will to buy and click on “Send trade request”.

Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales). This method is quicker the Virwox but it can take you a lot of time to build up enough reputation, find your seller and also the premiums are truly high (around %30 and more…).

Buy Bitcoin with Paypal through E-coin

Cons: Requires a long time to finish (around ten days)

E-coin is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card you can use E-coin’s card with your Paypal account. In order to buy Bitcoins with your e-coin debit card here’s what you’ll need to do:

1.Order a physical / virtual debit card from e-coin

Go to E-coin. Click on “request fresh card” and choose the type of card you want. It’s possible to buy Bitcoins with Paypal through both cards (physical and virtual).

A Virtual card should cost around $Three and will be enough for this process.

Two. Connect that debit card to your Paypal account and verify it

Inwards your Paypal account, go to “Wallet” -> “Add a card” and add your freshly acquired virtual Bitcoin credit card.

One the card is added you will need to verify it. In order to verify the card you’ll need to have a balance of at least $Trio on it so that Paypal will be able to charge you. Once Paypal charges you, you will see a four digit code next to that transaction on your e-coin account. That four digit code in the verification pin for your card on Paypal.

Trio. Deposit funds to your Paypal account

I’ll assume you know how to do that 🙂

Four. Withdraw funds from your Paypal account to your e-coin account

Go to “Wallet” -> “Withdraw funds” and choose the “withdraw funds to your card” option.

Make sure to choose your e-coin card. The withdrawal can take up to seven days to show up in your e-coin account.

Five. Buy Bitcoins with your funded e-coin debit card

Now that your e-coin card has funds in it, you can use them to buy Bitcoins.

The entire process can take some time as verifying your E-coin card with Paypal takes some times and withdrawing the funds can take up to seven business days depending on where you live.

Buy Bitcoins with Paypal through Paxful

Pros: Broad multitude of sellers from around the world

Cons: High exchange rate, chance of scam

Paxful is the smaller less known version of LocalBitcoins. It’s a peer to peer marketplace that permits you to buy Bitcoins with almost anything (e.g. Skype credits, Amazon bounty cards). The process of buying Bitcoins at Paxful is pretty ordinary:

  1. Create an account
  2. Choose a payment method for buying and a desired amount
  3. Choose your seller – You can either choose by hand or let Paxful determine who is the best seller for you.

Once the trade initiates you will be sent in to an online talk with the seller where you can finalize the deal. The seller’s Bitcoins will be sent into Escrow and once you mark that you’ve sent your payment they will be released into your account. Keep in mind that if you don’t finalize the deal within a certain timeframe (usually thirty minutes) the deal will be auto-cancelled.

Buy Bitcoins with Paypal Through Cryptonit

Cons: Unestablished company, requires verification

Cryptonit is a cryptocurrency exchange that permits you to deposit funds through Paypal as well as many other payment form like Skrill and a credit card. However unlike Virwox, you will need to go through a verification process in order to qualify for Paypal deposit.

The verification process includes the following:

  • A copy of a government issues photo id
  • An address verification document like a utility bill or rental agreement
  • A photo of you holding these documents or a Skype movie call with someone from Cryptonit

Five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

Table of Contents

Note: If you’re looking to buy Bitcoin with Paypal or a credit card for trading purposes only check out AvaTrade or Plus500 Bitcoin CFD trading. For more information read this post .

One of the largest issues today in Bitcoin is the fact that you can’t buy it very lightly. Even tho’ Paypal has been very favourable of Bitcoin in the past two years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2016.

Why won’t Paypal permit this ? Ordinary. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a brief movie illustrating this).

Post summary:

  1. Go to Virwox
  2. Deposit money to your account with Paypal
  3. Buy SLL on the SLL/USD exchange
  4. Buy Bitcoins with your freshly purchased SLL on the SLL/BTC exchange
  5. Withdraw your Bitcoins

And now for a more detailed explanation and some extra options…

Bitcoin exchanges

Virwox

Local Bitcoins

E-Coin (Wirex)

Paxful

Cryptonit

Coinbase

Buy Bitcoins with PayPal through Virwox

Pros: A reliable method that has been around for a long time.

Now since no exchange presently permits a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (2nd Life Linden Dollars), This currency is used for one of the thickest virtual worlds today – 2nd Life.

After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. My guess is that Virwox is able to do this method since they are not directly selling you Bitcoins with Paypal but rather selling you SLL with Paypal which they can prove if you received (unlike Bitcoin since it’s anonymous in nature).

Things you should know about Virwox before we get commenced:

  • Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit primarily through Paypal or a credit card, here are the exact boundaries according to their website from April 24th 2016.
  • This process hold within it more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this. It’s significant for you to be aware of the different transaction fees.
  • VirWox is delaying fresh user transactions for up to forty eight hours. This means that it can take you two days to finish this process (still way swifter than using a wire transfer).
  • If you still don’t receive the Bitcoins after forty eight hours (which is very unusual) you can contact Virwox at [email protected]

If you find yourself getting stuck at any point don’t hesitate to contact me through the contact form on the site.

1. Go to VirWox.

VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more. It has more than 400,000 registered users and is a 2nd Life Lindens authorized reseller.

Two. Open a free account

Click on the “not registered yet” on the top of the left sidebar to open up a fresh account as shown here:

Three. Pack out our private details

Pack out your username and email address. Where it asks for “avatar name” just leave it at “No Avatar”, it doesn’t matter, since you’re not going to play 2nd Life.

Four. Activate your account

Five. Significant. Switch your password!

Do not worry about the message telling “Your avatar connection has not been validated yet” – it is irrelevant.

6. Fund your account through PayPal

Note: From now on for each transaction you will make there will be a fee – make sure you are aware of the relevant deposit and withdrawal fees.

7. Buy SLL with USD

Note: If you haven’t made a deposit yet you will get the screen shown above requesting you to deposit before you buy SLL.

8. Buy BTC with SLL

9. Withdraw your Bitcoins

Will this method actually work ?

Most likely yes. I’m telling very likely because I have received a handful of emails from people who weren’t able to get their Bitcoins. having said that, from all of the people who didn’t get their coins I haven’t gotten one email stating their money wasn’t returned to them. So yes, the process is a bit irritating but I have been using this method since two thousand thirteen and it hasn’t failed me yet.

How much fees will be deducted from my deposit ?

This is most likely the 2nd most asked question I get. It’s significant to understand that when you buy Bitcoins through Virwox you are actually conducting two transactions. USD to SLL and SLL to BTC. This means you’ll need to pay a fee for each of these transactions.

The problem is that Virwox’s fee structure is always switching that is why I advise to check each case in person before proceeding. There is a pretty cool site which shows you the current BTC/USD rate after all of Virwox’s fees. I’m not sure how reliable the site is but you can check it out for yourself here.

Are there any other methods to buy Bitcoin with Paypal other than Virowx?

Yes. However Virwox has been around for the longest time and therefor is the most reliable. If you proceed reading this post I will cover four more methods that you can use but each of them has its pros and cons.

Buy Bitcoins with Paypal through Local Bitcoins

Pros: Broad multiplicity of sellers from around the world

Cons: High fees, chance of scam

At the time of writing this paragraph (April 2015) this is the only known way to buy Bitcoins with Paypal. If you’re still looking for extra ways you can take a look at LocalBitcoins and attempt to find sellers that perhaps will be willing to sell you Bitcoin with Paypal.

Local Bitcoins, unlike Virwox is a marketplace where buyers and sellers meet. If you use this option you’ll be dealing with an actual person which means that credibility also comes into play. The way you can use Local Bitcoins to buy Bitcoins with Paypal is by finding a person that is willing to sell them to you. But since the seller is taking a big risk (as I explained in the beginning of this post) the will usually charge a truly big premium (most of the times this will be more expensive than Virwox). The upside is that you will usually get your Bitcoins quicker.

1. Inject your search parameters

The very first step will be to go to Local Bitcoins and inject how much you want to buy and from which country. Since Local Bitcoins was originally made for people to meet face to face there is no “worldwide” search which is a shame. This means that there is no way to see all of the people who are willing to sell you will Paypal worldwide other then going through each country one at a time.

Two. Choose your seller

On the next screen you’ll see a list of available sellers, you can now browse them one by one. Here are the things to take into account: Feedback score – Located under the seller’s name. It’s advised to conduct transactions only with high feedback sellers.

Trade thresholds – Each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.

Payment window – How much time you have for paying the purchase and marking the payment done after you initiate a trade. It’s also super significant to read the terms of trade for the specific seller located on the right side. Here’s an example:

Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some petite transactions just to get reputation.

Three. Finish the trade

Once you’ve found your seller just inject how much you will to buy and click on “Send trade request”.

Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales). This method is quicker the Virwox but it can take you a lot of time to build up enough reputation, find your seller and also the premiums are truly high (around %30 and more…).

Buy Bitcoin with Paypal through E-coin

Cons: Requires a long time to accomplish (around ten days)

E-coin is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card you can use E-coin’s card with your Paypal account. In order to buy Bitcoins with your e-coin debit card here’s what you’ll need to do:

1.Order a physical / virtual debit card from e-coin

Go to E-coin. Click on “request fresh card” and choose the type of card you want. It’s possible to buy Bitcoins with Paypal through both cards (physical and virtual).

A Virtual card should cost around $Trio and will be enough for this process.

Two. Connect that debit card to your Paypal account and verify it

Inwards your Paypal account, go to “Wallet” -> “Add a card” and add your freshly acquired virtual Bitcoin credit card.

One the card is added you will need to verify it. In order to verify the card you’ll need to have a balance of at least $Three on it so that Paypal will be able to charge you. Once Paypal charges you, you will see a four digit code next to that transaction on your e-coin account. That four digit code in the verification pin for your card on Paypal.

Trio. Deposit funds to your Paypal account

I’ll assume you know how to do that 🙂

Four. Withdraw funds from your Paypal account to your e-coin account

Go to “Wallet” -> “Withdraw funds” and choose the “withdraw funds to your card” option.

Make sure to choose your e-coin card. The withdrawal can take up to seven days to emerge in your e-coin account.

Five. Buy Bitcoins with your funded e-coin debit card

Now that your e-coin card has funds in it, you can use them to buy Bitcoins.

The entire process can take some time as verifying your E-coin card with Paypal takes some times and withdrawing the funds can take up to seven business days depending on where you live.

Buy Bitcoins with Paypal through Paxful

Pros: Broad multiplicity of sellers from around the world

Cons: High exchange rate, chance of scam

Paxful is the smaller less known version of LocalBitcoins. It’s a peer to peer marketplace that permits you to buy Bitcoins with almost anything (e.g. Skype credits, Amazon bounty cards). The process of buying Bitcoins at Paxful is pretty ordinary:

  1. Create an account
  2. Choose a payment method for buying and a desired amount
  3. Choose your seller – You can either choose by hand or let Paxful determine who is the best seller for you.

Once the trade initiates you will be sent in to an online talk with the seller where you can finalize the deal. The seller’s Bitcoins will be sent into Escrow and once you mark that you’ve sent your payment they will be released into your account. Keep in mind that if you don’t finalize the deal within a certain timeframe (usually thirty minutes) the deal will be auto-cancelled.

Buy Bitcoins with Paypal Through Cryptonit

Cons: Unestablished company, requires verification

Cryptonit is a cryptocurrency exchange that permits you to deposit funds through Paypal as well as many other payment form like Skrill and a credit card. However unlike Virwox, you will need to go through a verification process in order to qualify for Paypal deposit.

The verification process includes the following:

  • A copy of a government issues photo id
  • An address verification document like a utility bill or rental agreement
  • A photo of you holding these documents or a Skype movie call with someone from Cryptonit

Five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

Table of Contents

Note: If you’re looking to buy Bitcoin with Paypal or a credit card for trading purposes only check out AvaTrade or Plus500 Bitcoin CFD trading. For more information read this post .

One of the fattest issues today in Bitcoin is the fact that you can’t buy it very lightly. Even tho’ Paypal has been very favourable of Bitcoin in the past two years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2016.

Why won’t Paypal permit this ? Elementary. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a brief movie illustrating this).

Post summary:

  1. Go to Virwox
  2. Deposit money to your account with Paypal
  3. Buy SLL on the SLL/USD exchange
  4. Buy Bitcoins with your freshly purchased SLL on the SLL/BTC exchange
  5. Withdraw your Bitcoins

And now for a more detailed explanation and some extra options…

Bitcoin exchanges

Virwox

Local Bitcoins

E-Coin (Wirex)

Paxful

Cryptonit

Coinbase

Buy Bitcoins with PayPal through Virwox

Pros: A reliable method that has been around for a long time.

Now since no exchange presently permits a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (2nd Life Linden Dollars), This currency is used for one of the largest virtual worlds today – 2nd Life.

After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. My guess is that Virwox is able to do this method since they are not directly selling you Bitcoins with Paypal but rather selling you SLL with Paypal which they can prove if you received (unlike Bitcoin since it’s anonymous in nature).

Things you should know about Virwox before we get began:

  • Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit originally through Paypal or a credit card, here are the exact boundaries according to their website from April 24th 2016.
  • This process hold within it more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this. It’s significant for you to be aware of the different transaction fees.
  • VirWox is delaying fresh user transactions for up to forty eight hours. This means that it can take you two days to accomplish this process (still way swifter than using a wire transfer).
  • If you still don’t receive the Bitcoins after forty eight hours (which is very unusual) you can contact Virwox at [email protected]

If you find yourself getting stuck at any point don’t hesitate to contact me through the contact form on the site.

1. Go to VirWox.

VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more. It has more than 400,000 registered users and is a 2nd Life Lindens authorized reseller.

Two. Open a free account

Click on the “not registered yet” on the top of the left sidebar to open up a fresh account as shown here:

Three. Pack out our private details

Pack out your username and email address. Where it asks for “avatar name” just leave it at “No Avatar”, it doesn’t matter, since you’re not going to play 2nd Life.

Four. Activate your account

Five. Significant. Switch your password!

Do not worry about the message telling “Your avatar connection has not been validated yet” – it is irrelevant.

6. Fund your account through PayPal

Note: From now on for each transaction you will make there will be a fee – make sure you are aware of the relevant deposit and withdrawal fees.

7. Buy SLL with USD

Note: If you haven’t made a deposit yet you will get the screen shown above requesting you to deposit before you buy SLL.

8. Buy BTC with SLL

9. Withdraw your Bitcoins

Will this method actually work ?

Very likely yes. I’m telling very likely because I have received a handful of emails from people who weren’t able to get their Bitcoins. having said that, from all of the people who didn’t get their coins I haven’t gotten one email stating their money wasn’t returned to them. So yes, the process is a bit irritating but I have been using this method since two thousand thirteen and it hasn’t failed me yet.

How much fees will be deducted from my deposit ?

This is very likely the 2nd most asked question I get. It’s significant to understand that when you buy Bitcoins through Virwox you are actually conducting two transactions. USD to SLL and SLL to BTC. This means you’ll need to pay a fee for each of these transactions.

The problem is that Virwox’s fee structure is always switching that is why I advise to check each case in person before proceeding. There is a pretty cool site which shows you the current BTC/USD rate after all of Virwox’s fees. I’m not sure how reliable the site is but you can check it out for yourself here.

Are there any other methods to buy Bitcoin with Paypal other than Virowx?

Yes. However Virwox has been around for the longest time and therefor is the most reliable. If you proceed reading this post I will cover four more methods that you can use but each of them has its pros and cons.

Buy Bitcoins with Paypal through Local Bitcoins

Pros: Broad multitude of sellers from around the world

Cons: High fees, chance of scam

At the time of writing this paragraph (April 2015) this is the only known way to buy Bitcoins with Paypal. If you’re still looking for extra ways you can take a look at LocalBitcoins and attempt to find sellers that perhaps will be willing to sell you Bitcoin with Paypal.

Local Bitcoins, unlike Virwox is a marketplace where buyers and sellers meet. If you use this option you’ll be dealing with an actual person which means that credibility also comes into play. The way you can use Local Bitcoins to buy Bitcoins with Paypal is by finding a person that is willing to sell them to you. But since the seller is taking a big risk (as I explained in the beginning of this post) the will usually charge a truly big premium (most of the times this will be more expensive than Virwox). The upside is that you will usually get your Bitcoins quicker.

1. Come in your search parameters

The very first step will be to go to Local Bitcoins and come in how much you want to buy and from which country. Since Local Bitcoins was originally made for people to meet face to face there is no “worldwide” search which is a shame. This means that there is no way to see all of the people who are willing to sell you will Paypal worldwide other then going through each country one at a time.

Two. Choose your seller

On the next screen you’ll see a list of available sellers, you can now browse them one by one. Here are the things to take into account: Feedback score – Located under the seller’s name. It’s advised to conduct transactions only with high feedback sellers.

Trade thresholds – Each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.

Payment window – How much time you have for paying the purchase and marking the payment done after you initiate a trade. It’s also super significant to read the terms of trade for the specific seller located on the right side. Here’s an example:

Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some petite transactions just to get reputation.

Three. Accomplish the trade

Once you’ve found your seller just inject how much you will to buy and click on “Send trade request”.

Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales). This method is quicker the Virwox but it can take you a lot of time to build up enough reputation, find your seller and also the premiums are truly high (around %30 and more…).

Buy Bitcoin with Paypal through E-coin

Cons: Requires a long time to finish (around ten days)

E-coin is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card you can use E-coin’s card with your Paypal account. In order to buy Bitcoins with your e-coin debit card here’s what you’ll need to do:

1.Order a physical / virtual debit card from e-coin

Go to E-coin. Click on “request fresh card” and choose the type of card you want. It’s possible to buy Bitcoins with Paypal through both cards (physical and virtual).

A Virtual card should cost around $Three and will be enough for this process.

Two. Connect that debit card to your Paypal account and verify it

Inwards your Paypal account, go to “Wallet” -> “Add a card” and add your freshly acquired virtual Bitcoin credit card.

One the card is added you will need to verify it. In order to verify the card you’ll need to have a balance of at least $Three on it so that Paypal will be able to charge you. Once Paypal charges you, you will see a four digit code next to that transaction on your e-coin account. That four digit code in the verification pin for your card on Paypal.

Trio. Deposit funds to your Paypal account

I’ll assume you know how to do that 🙂

Four. Withdraw funds from your Paypal account to your e-coin account

Go to “Wallet” -> “Withdraw funds” and choose the “withdraw funds to your card” option.

Make sure to choose your e-coin card. The withdrawal can take up to seven days to show up in your e-coin account.

Five. Buy Bitcoins with your funded e-coin debit card

Now that your e-coin card has funds in it, you can use them to buy Bitcoins.

The entire process can take some time as verifying your E-coin card with Paypal takes some times and withdrawing the funds can take up to seven business days depending on where you live.

Buy Bitcoins with Paypal through Paxful

Pros: Broad multiplicity of sellers from around the world

Cons: High exchange rate, chance of scam

Paxful is the smaller less known version of LocalBitcoins. It’s a peer to peer marketplace that permits you to buy Bitcoins with almost anything (e.g. Skype credits, Amazon bounty cards). The process of buying Bitcoins at Paxful is pretty ordinary:

  1. Create an account
  2. Choose a payment method for buying and a desired amount
  3. Choose your seller – You can either choose by hand or let Paxful determine who is the best seller for you.

Once the trade initiates you will be sent in to an online talk with the seller where you can finalize the deal. The seller’s Bitcoins will be sent into Escrow and once you mark that you’ve sent your payment they will be released into your account. Keep in mind that if you don’t finalize the deal within a certain timeframe (usually thirty minutes) the deal will be auto-cancelled.

Buy Bitcoins with Paypal Through Cryptonit

Cons: Unestablished company, requires verification

Cryptonit is a cryptocurrency exchange that permits you to deposit funds through Paypal as well as many other payment form like Skrill and a credit card. However unlike Virwox, you will need to go through a verification process in order to qualify for Paypal deposit.

The verification process includes the following:

  • A copy of a government issues photo id
  • An address verification document like a utility bill or rental agreement
  • A photo of you holding these documents or a Skype movie call with someone from Cryptonit

Five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

Table of Contents

Note: If you’re looking to buy Bitcoin with Paypal or a credit card for trading purposes only check out AvaTrade or Plus500 Bitcoin CFD trading. For more information read this post .

One of the thickest issues today in Bitcoin is the fact that you can’t buy it very lightly. Even however Paypal has been very favourable of Bitcoin in the past two years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2016.

Why won’t Paypal permit this ? Plain. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a brief movie illustrating this).

Post summary:

  1. Go to Virwox
  2. Deposit money to your account with Paypal
  3. Buy SLL on the SLL/USD exchange
  4. Buy Bitcoins with your freshly purchased SLL on the SLL/BTC exchange
  5. Withdraw your Bitcoins

And now for a more detailed explanation and some extra options…

Bitcoin exchanges

Virwox

Local Bitcoins

E-Coin (Wirex)

Paxful

Cryptonit

Coinbase

Buy Bitcoins with PayPal through Virwox

Pros: A reliable method that has been around for a long time.

Now since no exchange presently permits a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (2nd Life Linden Dollars), This currency is used for one of the fattest virtual worlds today – 2nd Life.

After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. My guess is that Virwox is able to do this method since they are not directly selling you Bitcoins with Paypal but rather selling you SLL with Paypal which they can prove if you received (unlike Bitcoin since it’s anonymous in nature).

Things you should know about Virwox before we get began:

  • Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit primarily through Paypal or a credit card, here are the exact thresholds according to their website from April 24th 2016.
  • This process hold within it more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this. It’s significant for you to be aware of the different transaction fees.
  • VirWox is delaying fresh user transactions for up to forty eight hours. This means that it can take you two days to finish this process (still way swifter than using a wire transfer).
  • If you still don’t receive the Bitcoins after forty eight hours (which is very unusual) you can contact Virwox at [email protected]

If you find yourself getting stuck at any point don’t hesitate to contact me through the contact form on the site.

1. Go to VirWox.

VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more. It has more than 400,000 registered users and is a 2nd Life Lindens authorized reseller.

Two. Open a free account

Click on the “not registered yet” on the top of the left sidebar to open up a fresh account as shown here:

Trio. Pack out our individual details

Pack out your username and email address. Where it asks for “avatar name” just leave it at “No Avatar”, it doesn’t matter, since you’re not going to play 2nd Life.

Four. Activate your account

Five. Significant. Switch your password!

Do not worry about the message telling “Your avatar connection has not been validated yet” – it is irrelevant.

6. Fund your account through PayPal

Note: From now on for each transaction you will make there will be a fee – make sure you are aware of the relevant deposit and withdrawal fees.

7. Buy SLL with USD

Note: If you haven’t made a deposit yet you will get the screen shown above requesting you to deposit before you buy SLL.

8. Buy BTC with SLL

9. Withdraw your Bitcoins

Will this method actually work ?

Most likely yes. I’m telling very likely because I have received a handful of emails from people who weren’t able to get their Bitcoins. having said that, from all of the people who didn’t get their coins I haven’t gotten one email stating their money wasn’t returned to them. So yes, the process is a bit irritating but I have been using this method since two thousand thirteen and it hasn’t failed me yet.

How much fees will be deducted from my deposit ?

This is most likely the 2nd most asked question I get. It’s significant to understand that when you buy Bitcoins through Virwox you are actually conducting two transactions. USD to SLL and SLL to BTC. This means you’ll need to pay a fee for each of these transactions.

The problem is that Virwox’s fee structure is always switching that is why I advise to check each case in person before proceeding. There is a pretty cool site which shows you the current BTC/USD rate after all of Virwox’s fees. I’m not sure how reliable the site is but you can check it out for yourself here.

Are there any other methods to buy Bitcoin with Paypal other than Virowx?

Yes. However Virwox has been around for the longest time and therefor is the most reliable. If you proceed reading this post I will cover four more methods that you can use but each of them has its pros and cons.

Buy Bitcoins with Paypal through Local Bitcoins

Pros: Broad multitude of sellers from around the world

Cons: High fees, chance of scam

At the time of writing this paragraph (April 2015) this is the only known way to buy Bitcoins with Paypal. If you’re still looking for extra ways you can take a look at LocalBitcoins and attempt to find sellers that perhaps will be willing to sell you Bitcoin with Paypal.

Local Bitcoins, unlike Virwox is a marketplace where buyers and sellers meet. If you use this option you’ll be dealing with an actual person which means that credibility also comes into play. The way you can use Local Bitcoins to buy Bitcoins with Paypal is by finding a person that is willing to sell them to you. But since the seller is taking a big risk (as I explained in the beginning of this post) the will usually charge a indeed big premium (most of the times this will be more expensive than Virwox). The upside is that you will usually get your Bitcoins swifter.

1. Come in your search parameters

The very first step will be to go to Local Bitcoins and come in how much you want to buy and from which country. Since Local Bitcoins was originally made for people to meet face to face there is no “worldwide” search which is a shame. This means that there is no way to see all of the people who are willing to sell you will Paypal worldwide other then going through each country one at a time.

Two. Choose your seller

On the next screen you’ll see a list of available sellers, you can now browse them one by one. Here are the things to take into account: Feedback score – Located under the seller’s name. It’s advised to conduct transactions only with high feedback sellers.

Trade thresholds – Each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.

Payment window – How much time you have for paying the purchase and marking the payment done after you initiate a trade. It’s also super significant to read the terms of trade for the specific seller located on the right side. Here’s an example:

Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some puny transactions just to get reputation.

Three. Accomplish the trade

Once you’ve found your seller just inject how much you will to buy and click on “Send trade request”.

Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales). This method is quicker the Virwox but it can take you a lot of time to build up enough reputation, find your seller and also the premiums are truly high (around %30 and more…).

Buy Bitcoin with Paypal through E-coin

Cons: Requires a long time to finish (around ten days)

E-coin is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card you can use E-coin’s card with your Paypal account. In order to buy Bitcoins with your e-coin debit card here’s what you’ll need to do:

1.Order a physical / virtual debit card from e-coin

Go to E-coin. Click on “request fresh card” and choose the type of card you want. It’s possible to buy Bitcoins with Paypal through both cards (physical and virtual).

A Virtual card should cost around $Trio and will be enough for this process.

Two. Connect that debit card to your Paypal account and verify it

Inwards your Paypal account, go to “Wallet” -> “Add a card” and add your freshly acquired virtual Bitcoin credit card.

One the card is added you will need to verify it. In order to verify the card you’ll need to have a balance of at least $Three on it so that Paypal will be able to charge you. Once Paypal charges you, you will see a four digit code next to that transaction on your e-coin account. That four digit code in the verification pin for your card on Paypal.

Trio. Deposit funds to your Paypal account

I’ll assume you know how to do that 🙂

Four. Withdraw funds from your Paypal account to your e-coin account

Go to “Wallet” -> “Withdraw funds” and choose the “withdraw funds to your card” option.

Make sure to choose your e-coin card. The withdrawal can take up to seven days to emerge in your e-coin account.

Five. Buy Bitcoins with your funded e-coin debit card

Now that your e-coin card has funds in it, you can use them to buy Bitcoins.

The entire process can take some time as verifying your E-coin card with Paypal takes some times and withdrawing the funds can take up to seven business days depending on where you live.

Buy Bitcoins with Paypal through Paxful

Pros: Broad multitude of sellers from around the world

Cons: High exchange rate, chance of scam

Paxful is the smaller less known version of LocalBitcoins. It’s a peer to peer marketplace that permits you to buy Bitcoins with almost anything (e.g. Skype credits, Amazon bounty cards). The process of buying Bitcoins at Paxful is pretty plain:

  1. Create an account
  2. Choose a payment method for buying and a desired amount
  3. Choose your seller – You can either choose by hand or let Paxful determine who is the best seller for you.

Once the trade initiates you will be sent in to an online talk with the seller where you can finalize the deal. The seller’s Bitcoins will be sent into Escrow and once you mark that you’ve sent your payment they will be released into your account. Keep in mind that if you don’t finalize the deal within a certain timeframe (usually thirty minutes) the deal will be auto-cancelled.

Buy Bitcoins with Paypal Through Cryptonit

Cons: Unestablished company, requires verification

Cryptonit is a cryptocurrency exchange that permits you to deposit funds through Paypal as well as many other payment form like Skrill and a credit card. However unlike Virwox, you will need to go through a verification process in order to qualify for Paypal deposit.

The verification process includes the following:

  • A copy of a government issues photo id
  • An address verification document like a utility bill or rental agreement
  • A photo of you holding these documents or a Skype movie call with someone from Cryptonit

Five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

Table of Contents

Note: If you’re looking to buy Bitcoin with Paypal or a credit card for trading purposes only check out AvaTrade or Plus500 Bitcoin CFD trading. For more information read this post .

One of the fattest issues today in Bitcoin is the fact that you can’t buy it very lightly. Even however Paypal has been very favourable of Bitcoin in the past two years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2016.

Why won’t Paypal permit this ? Elementary. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a brief movie illustrating this).

Post summary:

  1. Go to Virwox
  2. Deposit money to your account with Paypal
  3. Buy SLL on the SLL/USD exchange
  4. Buy Bitcoins with your freshly purchased SLL on the SLL/BTC exchange
  5. Withdraw your Bitcoins

And now for a more detailed explanation and some extra options…

Bitcoin exchanges

Virwox

Local Bitcoins

E-Coin (Wirex)

Paxful

Cryptonit

Coinbase

Buy Bitcoins with PayPal through Virwox

Pros: A reliable method that has been around for a long time.

Now since no exchange presently permits a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (2nd Life Linden Dollars), This currency is used for one of the fattest virtual worlds today – 2nd Life.

After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. My guess is that Virwox is able to do this method since they are not directly selling you Bitcoins with Paypal but rather selling you SLL with Paypal which they can prove if you received (unlike Bitcoin since it’s anonymous in nature).

Things you should know about Virwox before we get began:

  • Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit primarily through Paypal or a credit card, here are the exact boundaries according to their website from April 24th 2016.
  • This process hold within it more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this. It’s significant for you to be aware of the different transaction fees.
  • VirWox is delaying fresh user transactions for up to forty eight hours. This means that it can take you two days to accomplish this process (still way quicker than using a wire transfer).
  • If you still don’t receive the Bitcoins after forty eight hours (which is very unusual) you can contact Virwox at [email protected]

If you find yourself getting stuck at any point don’t hesitate to contact me through the contact form on the site.

1. Go to VirWox.

VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more. It has more than 400,000 registered users and is a 2nd Life Lindens authorized reseller.

Two. Open a free account

Click on the “not registered yet” on the top of the left sidebar to open up a fresh account as shown here:

Trio. Pack out our individual details

Pack out your username and email address. Where it asks for “avatar name” just leave it at “No Avatar”, it doesn’t matter, since you’re not going to play 2nd Life.

Four. Activate your account

Five. Significant. Switch your password!

Do not worry about the message telling “Your avatar connection has not been validated yet” – it is irrelevant.

6. Fund your account through PayPal

Note: From now on for each transaction you will make there will be a fee – make sure you are aware of the relevant deposit and withdrawal fees.

7. Buy SLL with USD

Note: If you haven’t made a deposit yet you will get the screen shown above requesting you to deposit before you buy SLL.

8. Buy BTC with SLL

9. Withdraw your Bitcoins

Will this method actually work ?

Very likely yes. I’m telling very likely because I have received a handful of emails from people who weren’t able to get their Bitcoins. having said that, from all of the people who didn’t get their coins I haven’t gotten one email stating their money wasn’t returned to them. So yes, the process is a bit irritating but I have been using this method since two thousand thirteen and it hasn’t failed me yet.

How much fees will be deducted from my deposit ?

This is very likely the 2nd most asked question I get. It’s significant to understand that when you buy Bitcoins through Virwox you are actually conducting two transactions. USD to SLL and SLL to BTC. This means you’ll need to pay a fee for each of these transactions.

The problem is that Virwox’s fee structure is always switching that is why I advise to check each case in person before proceeding. There is a pretty cool site which shows you the current BTC/USD rate after all of Virwox’s fees. I’m not sure how reliable the site is but you can check it out for yourself here.

Are there any other methods to buy Bitcoin with Paypal other than Virowx?

Yes. However Virwox has been around for the longest time and therefor is the most reliable. If you proceed reading this post I will cover four more methods that you can use but each of them has its pros and cons.

Buy Bitcoins with Paypal through Local Bitcoins

Pros: Broad multitude of sellers from around the world

Cons: High fees, chance of scam

At the time of writing this paragraph (April 2015) this is the only known way to buy Bitcoins with Paypal. If you’re still looking for extra ways you can take a look at LocalBitcoins and attempt to find sellers that perhaps will be willing to sell you Bitcoin with Paypal.

Local Bitcoins, unlike Virwox is a marketplace where buyers and sellers meet. If you use this option you’ll be dealing with an actual person which means that credibility also comes into play. The way you can use Local Bitcoins to buy Bitcoins with Paypal is by finding a person that is willing to sell them to you. But since the seller is taking a big risk (as I explained in the beginning of this post) the will usually charge a indeed big premium (most of the times this will be more expensive than Virwox). The upside is that you will usually get your Bitcoins quicker.

1. Inject your search parameters

The very first step will be to go to Local Bitcoins and inject how much you want to buy and from which country. Since Local Bitcoins was originally made for people to meet face to face there is no “worldwide” search which is a shame. This means that there is no way to see all of the people who are willing to sell you will Paypal worldwide other then going through each country one at a time.

Two. Choose your seller

On the next screen you’ll see a list of available sellers, you can now browse them one by one. Here are the things to take into account: Feedback score – Located under the seller’s name. It’s advised to conduct transactions only with high feedback sellers.

Trade boundaries – Each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.

Payment window – How much time you have for paying the purchase and marking the payment done after you initiate a trade. It’s also super significant to read the terms of trade for the specific seller located on the right side. Here’s an example:

Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some puny transactions just to get reputation.

Three. Finish the trade

Once you’ve found your seller just inject how much you will to buy and click on “Send trade request”.

Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales). This method is swifter the Virwox but it can take you a lot of time to build up enough reputation, find your seller and also the premiums are indeed high (around %30 and more…).

Buy Bitcoin with Paypal through E-coin

Cons: Requires a long time to finish (around ten days)

E-coin is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card you can use E-coin’s card with your Paypal account. In order to buy Bitcoins with your e-coin debit card here’s what you’ll need to do:

1.Order a physical / virtual debit card from e-coin

Go to E-coin. Click on “request fresh card” and choose the type of card you want. It’s possible to buy Bitcoins with Paypal through both cards (physical and virtual).

A Virtual card should cost around $Trio and will be enough for this process.

Two. Connect that debit card to your Paypal account and verify it

Inwards your Paypal account, go to “Wallet” -> “Add a card” and add your freshly acquired virtual Bitcoin credit card.

One the card is added you will need to verify it. In order to verify the card you’ll need to have a balance of at least $Trio on it so that Paypal will be able to charge you. Once Paypal charges you, you will see a four digit code next to that transaction on your e-coin account. That four digit code in the verification pin for your card on Paypal.

Trio. Deposit funds to your Paypal account

I’ll assume you know how to do that 🙂

Four. Withdraw funds from your Paypal account to your e-coin account

Go to “Wallet” -> “Withdraw funds” and choose the “withdraw funds to your card” option.

Make sure to choose your e-coin card. The withdrawal can take up to seven days to show up in your e-coin account.

Five. Buy Bitcoins with your funded e-coin debit card

Now that your e-coin card has funds in it, you can use them to buy Bitcoins.

The entire process can take some time as verifying your E-coin card with Paypal takes some times and withdrawing the funds can take up to seven business days depending on where you live.

Buy Bitcoins with Paypal through Paxful

Pros: Broad multiplicity of sellers from around the world

Cons: High exchange rate, chance of scam

Paxful is the smaller less known version of LocalBitcoins. It’s a peer to peer marketplace that permits you to buy Bitcoins with almost anything (e.g. Skype credits, Amazon bounty cards). The process of buying Bitcoins at Paxful is pretty elementary:

  1. Create an account
  2. Choose a payment method for buying and a desired amount
  3. Choose your seller – You can either choose by hand or let Paxful determine who is the best seller for you.

Once the trade initiates you will be sent in to an online talk with the seller where you can finalize the deal. The seller’s Bitcoins will be sent into Escrow and once you mark that you’ve sent your payment they will be released into your account. Keep in mind that if you don’t finalize the deal within a certain timeframe (usually thirty minutes) the deal will be auto-cancelled.

Buy Bitcoins with Paypal Through Cryptonit

Cons: Unestablished company, requires verification

Cryptonit is a cryptocurrency exchange that permits you to deposit funds through Paypal as well as many other payment form like Skrill and a credit card. However unlike Virwox, you will need to go through a verification process in order to qualify for Paypal deposit.

The verification process includes the following:

  • A copy of a government issues photo id
  • An address verification document like a utility bill or rental agreement
  • A photo of you holding these documents or a Skype movie call with someone from Cryptonit

Five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

Table of Contents

Note: If you’re looking to buy Bitcoin with Paypal or a credit card for trading purposes only check out AvaTrade or Plus500 Bitcoin CFD trading. For more information read this post .

One of the thickest issues today in Bitcoin is the fact that you can’t buy it very lightly. Even however Paypal has been very favourable of Bitcoin in the past two years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2016.

Why won’t Paypal permit this ? Plain. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a brief movie illustrating this).

Post summary:

  1. Go to Virwox
  2. Deposit money to your account with Paypal
  3. Buy SLL on the SLL/USD exchange
  4. Buy Bitcoins with your freshly purchased SLL on the SLL/BTC exchange
  5. Withdraw your Bitcoins

And now for a more detailed explanation and some extra options…

Bitcoin exchanges

Virwox

Local Bitcoins

E-Coin (Wirex)

Paxful

Cryptonit

Coinbase

Buy Bitcoins with PayPal through Virwox

Pros: A reliable method that has been around for a long time.

Now since no exchange presently permits a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (2nd Life Linden Dollars), This currency is used for one of the thickest virtual worlds today – 2nd Life.

After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. My guess is that Virwox is able to do this method since they are not directly selling you Bitcoins with Paypal but rather selling you SLL with Paypal which they can prove if you received (unlike Bitcoin since it’s anonymous in nature).

Things you should know about Virwox before we get commenced:

  • Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit primarily through Paypal or a credit card, here are the exact thresholds according to their website from April 24th 2016.
  • This process hold within it more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this. It’s significant for you to be aware of the different transaction fees.
  • VirWox is delaying fresh user transactions for up to forty eight hours. This means that it can take you two days to finish this process (still way swifter than using a wire transfer).
  • If you still don’t receive the Bitcoins after forty eight hours (which is very unusual) you can contact Virwox at [email protected]

If you find yourself getting stuck at any point don’t hesitate to contact me through the contact form on the site.

1. Go to VirWox.

VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more. It has more than 400,000 registered users and is a 2nd Life Lindens authorized reseller.

Two. Open a free account

Click on the “not registered yet” on the top of the left sidebar to open up a fresh account as shown here:

Three. Pack out our private details

Pack out your username and email address. Where it asks for “avatar name” just leave it at “No Avatar”, it doesn’t matter, since you’re not going to play 2nd Life.

Four. Activate your account

Five. Significant. Switch your password!

Do not worry about the message telling “Your avatar connection has not been validated yet” – it is irrelevant.

6. Fund your account through PayPal

Note: From now on for each transaction you will make there will be a fee – make sure you are aware of the relevant deposit and withdrawal fees.

7. Buy SLL with USD

Note: If you haven’t made a deposit yet you will get the screen shown above requesting you to deposit before you buy SLL.

8. Buy BTC with SLL

9. Withdraw your Bitcoins

Will this method actually work ?

Most likely yes. I’m telling very likely because I have received a handful of emails from people who weren’t able to get their Bitcoins. having said that, from all of the people who didn’t get their coins I haven’t gotten one email stating their money wasn’t returned to them. So yes, the process is a bit irritating but I have been using this method since two thousand thirteen and it hasn’t failed me yet.

How much fees will be deducted from my deposit ?

This is most likely the 2nd most asked question I get. It’s significant to understand that when you buy Bitcoins through Virwox you are actually conducting two transactions. USD to SLL and SLL to BTC. This means you’ll need to pay a fee for each of these transactions.

The problem is that Virwox’s fee structure is always switching that is why I advise to check each case in person before proceeding. There is a pretty cool site which shows you the current BTC/USD rate after all of Virwox’s fees. I’m not sure how reliable the site is but you can check it out for yourself here.

Are there any other methods to buy Bitcoin with Paypal other than Virowx?

Yes. However Virwox has been around for the longest time and therefor is the most reliable. If you proceed reading this post I will cover four more methods that you can use but each of them has its pros and cons.

Buy Bitcoins with Paypal through Local Bitcoins

Pros: Broad multitude of sellers from around the world

Cons: High fees, chance of scam

At the time of writing this paragraph (April 2015) this is the only known way to buy Bitcoins with Paypal. If you’re still looking for extra ways you can take a look at LocalBitcoins and attempt to find sellers that perhaps will be willing to sell you Bitcoin with Paypal.

Local Bitcoins, unlike Virwox is a marketplace where buyers and sellers meet. If you use this option you’ll be dealing with an actual person which means that credibility also comes into play. The way you can use Local Bitcoins to buy Bitcoins with Paypal is by finding a person that is willing to sell them to you. But since the seller is taking a big risk (as I explained in the beginning of this post) the will usually charge a indeed big premium (most of the times this will be more expensive than Virwox). The upside is that you will usually get your Bitcoins quicker.

1. Come in your search parameters

The very first step will be to go to Local Bitcoins and come in how much you want to buy and from which country. Since Local Bitcoins was originally made for people to meet face to face there is no “worldwide” search which is a shame. This means that there is no way to see all of the people who are willing to sell you will Paypal worldwide other then going through each country one at a time.

Two. Choose your seller

On the next screen you’ll see a list of available sellers, you can now browse them one by one. Here are the things to take into account: Feedback score – Located under the seller’s name. It’s advised to conduct transactions only with high feedback sellers.

Trade thresholds – Each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.

Payment window – How much time you have for paying the purchase and marking the payment done after you initiate a trade. It’s also super significant to read the terms of trade for the specific seller located on the right side. Here’s an example:

Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some puny transactions just to get reputation.

Three. Finish the trade

Once you’ve found your seller just inject how much you will to buy and click on “Send trade request”.

Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales). This method is swifter the Virwox but it can take you a lot of time to build up enough reputation, find your seller and also the premiums are indeed high (around %30 and more…).

Buy Bitcoin with Paypal through E-coin

Cons: Requires a long time to accomplish (around ten days)

E-coin is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card you can use E-coin’s card with your Paypal account. In order to buy Bitcoins with your e-coin debit card here’s what you’ll need to do:

1.Order a physical / virtual debit card from e-coin

Go to E-coin. Click on “request fresh card” and choose the type of card you want. It’s possible to buy Bitcoins with Paypal through both cards (physical and virtual).

A Virtual card should cost around $Trio and will be enough for this process.

Two. Connect that debit card to your Paypal account and verify it

Inwards your Paypal account, go to “Wallet” -> “Add a card” and add your freshly acquired virtual Bitcoin credit card.

One the card is added you will need to verify it. In order to verify the card you’ll need to have a balance of at least $Trio on it so that Paypal will be able to charge you. Once Paypal charges you, you will see a four digit code next to that transaction on your e-coin account. That four digit code in the verification pin for your card on Paypal.

Trio. Deposit funds to your Paypal account

I’ll assume you know how to do that 🙂

Four. Withdraw funds from your Paypal account to your e-coin account

Go to “Wallet” -> “Withdraw funds” and choose the “withdraw funds to your card” option.

Make sure to choose your e-coin card. The withdrawal can take up to seven days to show up in your e-coin account.

Five. Buy Bitcoins with your funded e-coin debit card

Now that your e-coin card has funds in it, you can use them to buy Bitcoins.

The entire process can take some time as verifying your E-coin card with Paypal takes some times and withdrawing the funds can take up to seven business days depending on where you live.

Buy Bitcoins with Paypal through Paxful

Pros: Broad diversity of sellers from around the world

Cons: High exchange rate, chance of scam

Paxful is the smaller less known version of LocalBitcoins. It’s a peer to peer marketplace that permits you to buy Bitcoins with almost anything (e.g. Skype credits, Amazon bounty cards). The process of buying Bitcoins at Paxful is pretty ordinary:

  1. Create an account
  2. Choose a payment method for buying and a desired amount
  3. Choose your seller – You can either choose by hand or let Paxful determine who is the best seller for you.

Once the trade initiates you will be sent in to an online talk with the seller where you can finalize the deal. The seller’s Bitcoins will be sent into Escrow and once you mark that you’ve sent your payment they will be released into your account. Keep in mind that if you don’t finalize the deal within a certain timeframe (usually thirty minutes) the deal will be auto-cancelled.

Buy Bitcoins with Paypal Through Cryptonit

Cons: Unestablished company, requires verification

Cryptonit is a cryptocurrency exchange that permits you to deposit funds through Paypal as well as many other payment form like Skrill and a credit card. However unlike Virwox, you will need to go through a verification process in order to qualify for Paypal deposit.

The verification process includes the following:

  • A copy of a government issues photo id
  • An address verification document like a utility bill or rental agreement
  • A photo of you holding these documents or a Skype movie call with someone from Cryptonit

Five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

Table of Contents

Note: If you’re looking to buy Bitcoin with Paypal or a credit card for trading purposes only check out AvaTrade or Plus500 Bitcoin CFD trading. For more information read this post .

One of the fattest issues today in Bitcoin is the fact that you can’t buy it very lightly. Even however Paypal has been very favourable of Bitcoin in the past two years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2016.

Why won’t Paypal permit this ? Plain. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a brief movie illustrating this).

Post summary:

  1. Go to Virwox
  2. Deposit money to your account with Paypal
  3. Buy SLL on the SLL/USD exchange
  4. Buy Bitcoins with your freshly purchased SLL on the SLL/BTC exchange
  5. Withdraw your Bitcoins

And now for a more detailed explanation and some extra options…

Bitcoin exchanges

Virwox

Local Bitcoins

E-Coin (Wirex)

Paxful

Cryptonit

Coinbase

Buy Bitcoins with PayPal through Virwox

Pros: A reliable method that has been around for a long time.

Now since no exchange presently permits a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (2nd Life Linden Dollars), This currency is used for one of the fattest virtual worlds today – 2nd Life.

After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. My guess is that Virwox is able to do this method since they are not directly selling you Bitcoins with Paypal but rather selling you SLL with Paypal which they can prove if you received (unlike Bitcoin since it’s anonymous in nature).

Things you should know about Virwox before we get embarked:

  • Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit originally through Paypal or a credit card, here are the exact thresholds according to their website from April 24th 2016.
  • This process hold within it more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this. It’s significant for you to be aware of the different transaction fees.
  • VirWox is delaying fresh user transactions for up to forty eight hours. This means that it can take you two days to finish this process (still way swifter than using a wire transfer).
  • If you still don’t receive the Bitcoins after forty eight hours (which is very unusual) you can contact Virwox at [email protected]

If you find yourself getting stuck at any point don’t hesitate to contact me through the contact form on the site.

1. Go to VirWox.

VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more. It has more than 400,000 registered users and is a 2nd Life Lindens authorized reseller.

Two. Open a free account

Click on the “not registered yet” on the top of the left sidebar to open up a fresh account as shown here:

Three. Pack out our private details

Pack out your username and email address. Where it asks for “avatar name” just leave it at “No Avatar”, it doesn’t matter, since you’re not going to play 2nd Life.

Four. Activate your account

Five. Significant. Switch your password!

Do not worry about the message telling “Your avatar connection has not been validated yet” – it is irrelevant.

6. Fund your account through PayPal

Note: From now on for each transaction you will make there will be a fee – make sure you are aware of the relevant deposit and withdrawal fees.

7. Buy SLL with USD

Note: If you haven’t made a deposit yet you will get the screen shown above requesting you to deposit before you buy SLL.

8. Buy BTC with SLL

9. Withdraw your Bitcoins

Will this method actually work ?

Very likely yes. I’m telling most likely because I have received a handful of emails from people who weren’t able to get their Bitcoins. having said that, from all of the people who didn’t get their coins I haven’t gotten one email stating their money wasn’t returned to them. So yes, the process is a bit irritating but I have been using this method since two thousand thirteen and it hasn’t failed me yet.

How much fees will be deducted from my deposit ?

This is very likely the 2nd most asked question I get. It’s significant to understand that when you buy Bitcoins through Virwox you are actually conducting two transactions. USD to SLL and SLL to BTC. This means you’ll need to pay a fee for each of these transactions.

The problem is that Virwox’s fee structure is always switching that is why I advise to check each case in person before proceeding. There is a pretty cool site which shows you the current BTC/USD rate after all of Virwox’s fees. I’m not sure how reliable the site is but you can check it out for yourself here.

Are there any other methods to buy Bitcoin with Paypal other than Virowx?

Yes. However Virwox has been around for the longest time and therefor is the most reliable. If you proceed reading this post I will cover four more methods that you can use but each of them has its pros and cons.

Buy Bitcoins with Paypal through Local Bitcoins

Pros: Broad multiplicity of sellers from around the world

Cons: High fees, chance of scam

At the time of writing this paragraph (April 2015) this is the only known way to buy Bitcoins with Paypal. If you’re still looking for extra ways you can take a look at LocalBitcoins and attempt to find sellers that perhaps will be willing to sell you Bitcoin with Paypal.

Local Bitcoins, unlike Virwox is a marketplace where buyers and sellers meet. If you use this option you’ll be dealing with an actual person which means that credibility also comes into play. The way you can use Local Bitcoins to buy Bitcoins with Paypal is by finding a person that is willing to sell them to you. But since the seller is taking a big risk (as I explained in the beginning of this post) the will usually charge a indeed big premium (most of the times this will be more expensive than Virwox). The upside is that you will usually get your Bitcoins swifter.

1. Inject your search parameters

The very first step will be to go to Local Bitcoins and inject how much you want to buy and from which country. Since Local Bitcoins was originally made for people to meet face to face there is no “worldwide” search which is a shame. This means that there is no way to see all of the people who are willing to sell you will Paypal worldwide other then going through each country one at a time.

Two. Choose your seller

On the next screen you’ll see a list of available sellers, you can now browse them one by one. Here are the things to take into account: Feedback score – Located under the seller’s name. It’s advised to conduct transactions only with high feedback sellers.

Trade thresholds – Each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.

Payment window – How much time you have for paying the purchase and marking the payment done after you initiate a trade. It’s also super significant to read the terms of trade for the specific seller located on the right side. Here’s an example:

Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some petite transactions just to get reputation.

Trio. Accomplish the trade

Once you’ve found your seller just inject how much you will to buy and click on “Send trade request”.

Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales). This method is swifter the Virwox but it can take you a lot of time to build up enough reputation, find your seller and also the premiums are indeed high (around %30 and more…).

Buy Bitcoin with Paypal through E-coin

Cons: Requires a long time to finish (around ten days)

E-coin is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card you can use E-coin’s card with your Paypal account. In order to buy Bitcoins with your e-coin debit card here’s what you’ll need to do:

1.Order a physical / virtual debit card from e-coin

Go to E-coin. Click on “request fresh card” and choose the type of card you want. It’s possible to buy Bitcoins with Paypal through both cards (physical and virtual).

A Virtual card should cost around $Trio and will be enough for this process.

Two. Connect that debit card to your Paypal account and verify it

Inwards your Paypal account, go to “Wallet” -> “Add a card” and add your freshly acquired virtual Bitcoin credit card.

One the card is added you will need to verify it. In order to verify the card you’ll need to have a balance of at least $Three on it so that Paypal will be able to charge you. Once Paypal charges you, you will see a four digit code next to that transaction on your e-coin account. That four digit code in the verification pin for your card on Paypal.

Trio. Deposit funds to your Paypal account

I’ll assume you know how to do that 🙂

Four. Withdraw funds from your Paypal account to your e-coin account

Go to “Wallet” -> “Withdraw funds” and choose the “withdraw funds to your card” option.

Make sure to choose your e-coin card. The withdrawal can take up to seven days to show up in your e-coin account.

Five. Buy Bitcoins with your funded e-coin debit card

Now that your e-coin card has funds in it, you can use them to buy Bitcoins.

The entire process can take some time as verifying your E-coin card with Paypal takes some times and withdrawing the funds can take up to seven business days depending on where you live.

Buy Bitcoins with Paypal through Paxful

Pros: Broad multitude of sellers from around the world

Cons: High exchange rate, chance of scam

Paxful is the smaller less known version of LocalBitcoins. It’s a peer to peer marketplace that permits you to buy Bitcoins with almost anything (e.g. Skype credits, Amazon bounty cards). The process of buying Bitcoins at Paxful is pretty elementary:

  1. Create an account
  2. Choose a payment method for buying and a desired amount
  3. Choose your seller – You can either choose by hand or let Paxful determine who is the best seller for you.

Once the trade initiates you will be sent in to an online talk with the seller where you can finalize the deal. The seller’s Bitcoins will be sent into Escrow and once you mark that you’ve sent your payment they will be released into your account. Keep in mind that if you don’t finalize the deal within a certain timeframe (usually thirty minutes) the deal will be auto-cancelled.

Buy Bitcoins with Paypal Through Cryptonit

Cons: Unestablished company, requires verification

Cryptonit is a cryptocurrency exchange that permits you to deposit funds through Paypal as well as many other payment form like Skrill and a credit card. However unlike Virwox, you will need to go through a verification process in order to qualify for Paypal deposit.

The verification process includes the following:

  • A copy of a government issues photo id
  • An address verification document like a utility bill or rental agreement
  • A photo of you holding these documents or a Skype movie call with someone from Cryptonit

Five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

Table of Contents

Note: If you’re looking to buy Bitcoin with Paypal or a credit card for trading purposes only check out AvaTrade or Plus500 Bitcoin CFD trading. For more information read this post .

One of the largest issues today in Bitcoin is the fact that you can’t buy it very lightly. Even tho’ Paypal has been very favourable of Bitcoin in the past two years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2016.

Why won’t Paypal permit this ? Ordinary. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a brief movie illustrating this).

Post summary:

  1. Go to Virwox
  2. Deposit money to your account with Paypal
  3. Buy SLL on the SLL/USD exchange
  4. Buy Bitcoins with your freshly purchased SLL on the SLL/BTC exchange
  5. Withdraw your Bitcoins

And now for a more detailed explanation and some extra options…

Bitcoin exchanges

Virwox

Local Bitcoins

E-Coin (Wirex)

Paxful

Cryptonit

Coinbase

Buy Bitcoins with PayPal through Virwox

Pros: A reliable method that has been around for a long time.

Now since no exchange presently permits a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (2nd Life Linden Dollars), This currency is used for one of the thickest virtual worlds today – 2nd Life.

After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. My guess is that Virwox is able to do this method since they are not directly selling you Bitcoins with Paypal but rather selling you SLL with Paypal which they can prove if you received (unlike Bitcoin since it’s anonymous in nature).

Things you should know about Virwox before we get began:

  • Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit primarily through Paypal or a credit card, here are the exact thresholds according to their website from April 24th 2016.
  • This process hold within it more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this. It’s significant for you to be aware of the different transaction fees.
  • VirWox is delaying fresh user transactions for up to forty eight hours. This means that it can take you two days to finish this process (still way quicker than using a wire transfer).
  • If you still don’t receive the Bitcoins after forty eight hours (which is very unusual) you can contact Virwox at [email protected]

If you find yourself getting stuck at any point don’t hesitate to contact me through the contact form on the site.

1. Go to VirWox.

VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more. It has more than 400,000 registered users and is a 2nd Life Lindens authorized reseller.

Two. Open a free account

Click on the “not registered yet” on the top of the left sidebar to open up a fresh account as shown here:

Trio. Pack out our private details

Pack out your username and email address. Where it asks for “avatar name” just leave it at “No Avatar”, it doesn’t matter, since you’re not going to play 2nd Life.

Four. Activate your account

Five. Significant. Switch your password!

Do not worry about the message telling “Your avatar connection has not been validated yet” – it is irrelevant.

6. Fund your account through PayPal

Note: From now on for each transaction you will make there will be a fee – make sure you are aware of the relevant deposit and withdrawal fees.

7. Buy SLL with USD

Note: If you haven’t made a deposit yet you will get the screen shown above requesting you to deposit before you buy SLL.

8. Buy BTC with SLL

9. Withdraw your Bitcoins

Will this method actually work ?

Very likely yes. I’m telling most likely because I have received a handful of emails from people who weren’t able to get their Bitcoins. having said that, from all of the people who didn’t get their coins I haven’t gotten one email stating their money wasn’t returned to them. So yes, the process is a bit irritating but I have been using this method since two thousand thirteen and it hasn’t failed me yet.

How much fees will be deducted from my deposit ?

This is very likely the 2nd most asked question I get. It’s significant to understand that when you buy Bitcoins through Virwox you are actually conducting two transactions. USD to SLL and SLL to BTC. This means you’ll need to pay a fee for each of these transactions.

The problem is that Virwox’s fee structure is always switching that is why I advise to check each case in person before proceeding. There is a pretty cool site which shows you the current BTC/USD rate after all of Virwox’s fees. I’m not sure how reliable the site is but you can check it out for yourself here.

Are there any other methods to buy Bitcoin with Paypal other than Virowx?

Yes. However Virwox has been around for the longest time and therefor is the most reliable. If you proceed reading this post I will cover four more methods that you can use but each of them has its pros and cons.

Buy Bitcoins with Paypal through Local Bitcoins

Pros: Broad multitude of sellers from around the world

Cons: High fees, chance of scam

At the time of writing this paragraph (April 2015) this is the only known way to buy Bitcoins with Paypal. If you’re still looking for extra ways you can take a look at LocalBitcoins and attempt to find sellers that perhaps will be willing to sell you Bitcoin with Paypal.

Local Bitcoins, unlike Virwox is a marketplace where buyers and sellers meet. If you use this option you’ll be dealing with an actual person which means that credibility also comes into play. The way you can use Local Bitcoins to buy Bitcoins with Paypal is by finding a person that is willing to sell them to you. But since the seller is taking a big risk (as I explained in the beginning of this post) the will usually charge a truly big premium (most of the times this will be more expensive than Virwox). The upside is that you will usually get your Bitcoins swifter.

1. Come in your search parameters

The very first step will be to go to Local Bitcoins and come in how much you want to buy and from which country. Since Local Bitcoins was originally made for people to meet face to face there is no “worldwide” search which is a shame. This means that there is no way to see all of the people who are willing to sell you will Paypal worldwide other then going through each country one at a time.

Two. Choose your seller

On the next screen you’ll see a list of available sellers, you can now browse them one by one. Here are the things to take into account: Feedback score – Located under the seller’s name. It’s advised to conduct transactions only with high feedback sellers.

Trade thresholds – Each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.

Payment window – How much time you have for paying the purchase and marking the payment done after you initiate a trade. It’s also super significant to read the terms of trade for the specific seller located on the right side. Here’s an example:

Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some puny transactions just to get reputation.

Trio. Accomplish the trade

Once you’ve found your seller just come in how much you will to buy and click on “Send trade request”.

Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales). This method is quicker the Virwox but it can take you a lot of time to build up enough reputation, find your seller and also the premiums are truly high (around %30 and more…).

Buy Bitcoin with Paypal through E-coin

Cons: Requires a long time to finish (around ten days)

E-coin is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card you can use E-coin’s card with your Paypal account. In order to buy Bitcoins with your e-coin debit card here’s what you’ll need to do:

1.Order a physical / virtual debit card from e-coin

Go to E-coin. Click on “request fresh card” and choose the type of card you want. It’s possible to buy Bitcoins with Paypal through both cards (physical and virtual).

A Virtual card should cost around $Three and will be enough for this process.

Two. Connect that debit card to your Paypal account and verify it

Inwards your Paypal account, go to “Wallet” -> “Add a card” and add your freshly acquired virtual Bitcoin credit card.

One the card is added you will need to verify it. In order to verify the card you’ll need to have a balance of at least $Three on it so that Paypal will be able to charge you. Once Paypal charges you, you will see a four digit code next to that transaction on your e-coin account. That four digit code in the verification pin for your card on Paypal.

Three. Deposit funds to your Paypal account

I’ll assume you know how to do that 🙂

Four. Withdraw funds from your Paypal account to your e-coin account

Go to “Wallet” -> “Withdraw funds” and choose the “withdraw funds to your card” option.

Make sure to choose your e-coin card. The withdrawal can take up to seven days to emerge in your e-coin account.

Five. Buy Bitcoins with your funded e-coin debit card

Now that your e-coin card has funds in it, you can use them to buy Bitcoins.

The entire process can take some time as verifying your E-coin card with Paypal takes some times and withdrawing the funds can take up to seven business days depending on where you live.

Buy Bitcoins with Paypal through Paxful

Pros: Broad diversity of sellers from around the world

Cons: High exchange rate, chance of scam

Paxful is the smaller less known version of LocalBitcoins. It’s a peer to peer marketplace that permits you to buy Bitcoins with almost anything (e.g. Skype credits, Amazon bounty cards). The process of buying Bitcoins at Paxful is pretty elementary:

  1. Create an account
  2. Choose a payment method for buying and a desired amount
  3. Choose your seller – You can either choose by hand or let Paxful determine who is the best seller for you.

Once the trade initiates you will be sent in to an online talk with the seller where you can finalize the deal. The seller’s Bitcoins will be sent into Escrow and once you mark that you’ve sent your payment they will be released into your account. Keep in mind that if you don’t finalize the deal within a certain timeframe (usually thirty minutes) the deal will be auto-cancelled.

Buy Bitcoins with Paypal Through Cryptonit

Cons: Unestablished company, requires verification

Cryptonit is a cryptocurrency exchange that permits you to deposit funds through Paypal as well as many other payment form like Skrill and a credit card. However unlike Virwox, you will need to go through a verification process in order to qualify for Paypal deposit.

The verification process includes the following:

  • A copy of a government issues photo id
  • An address verification document like a utility bill or rental agreement
  • A photo of you holding these documents or a Skype movie call with someone from Cryptonit

Five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

Table of Contents

Note: If you’re looking to buy Bitcoin with Paypal or a credit card for trading purposes only check out AvaTrade or Plus500 Bitcoin CFD trading. For more information read this post .

One of the largest issues today in Bitcoin is the fact that you can’t buy it very lightly. Even tho’ Paypal has been very favourable of Bitcoin in the past two years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2016.

Why won’t Paypal permit this ? Elementary. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a brief movie illustrating this).

Post summary:

  1. Go to Virwox
  2. Deposit money to your account with Paypal
  3. Buy SLL on the SLL/USD exchange
  4. Buy Bitcoins with your freshly purchased SLL on the SLL/BTC exchange
  5. Withdraw your Bitcoins

And now for a more detailed explanation and some extra options…

Bitcoin exchanges

Virwox

Local Bitcoins

E-Coin (Wirex)

Paxful

Cryptonit

Coinbase

Buy Bitcoins with PayPal through Virwox

Pros: A reliable method that has been around for a long time.

Now since no exchange presently permits a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (2nd Life Linden Dollars), This currency is used for one of the thickest virtual worlds today – 2nd Life.

After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. My guess is that Virwox is able to do this method since they are not directly selling you Bitcoins with Paypal but rather selling you SLL with Paypal which they can prove if you received (unlike Bitcoin since it’s anonymous in nature).

Things you should know about Virwox before we get began:

  • Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit primarily through Paypal or a credit card, here are the exact boundaries according to their website from April 24th 2016.
  • This process hold within it more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this. It’s significant for you to be aware of the different transaction fees.
  • VirWox is delaying fresh user transactions for up to forty eight hours. This means that it can take you two days to finish this process (still way quicker than using a wire transfer).
  • If you still don’t receive the Bitcoins after forty eight hours (which is very unusual) you can contact Virwox at [email protected]

If you find yourself getting stuck at any point don’t hesitate to contact me through the contact form on the site.

1. Go to VirWox.

VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more. It has more than 400,000 registered users and is a 2nd Life Lindens authorized reseller.

Two. Open a free account

Click on the “not registered yet” on the top of the left sidebar to open up a fresh account as shown here:

Trio. Pack out our individual details

Pack out your username and email address. Where it asks for “avatar name” just leave it at “No Avatar”, it doesn’t matter, since you’re not going to play 2nd Life.

Four. Activate your account

Five. Significant. Switch your password!

Do not worry about the message telling “Your avatar connection has not been validated yet” – it is irrelevant.

6. Fund your account through PayPal

Note: From now on for each transaction you will make there will be a fee – make sure you are aware of the relevant deposit and withdrawal fees.

7. Buy SLL with USD

Note: If you haven’t made a deposit yet you will get the screen shown above requesting you to deposit before you buy SLL.

8. Buy BTC with SLL

9. Withdraw your Bitcoins

Will this method actually work ?

Very likely yes. I’m telling most likely because I have received a handful of emails from people who weren’t able to get their Bitcoins. having said that, from all of the people who didn’t get their coins I haven’t gotten one email stating their money wasn’t returned to them. So yes, the process is a bit irritating but I have been using this method since two thousand thirteen and it hasn’t failed me yet.

How much fees will be deducted from my deposit ?

This is most likely the 2nd most asked question I get. It’s significant to understand that when you buy Bitcoins through Virwox you are actually conducting two transactions. USD to SLL and SLL to BTC. This means you’ll need to pay a fee for each of these transactions.

The problem is that Virwox’s fee structure is always switching that is why I advise to check each case in person before proceeding. There is a pretty cool site which shows you the current BTC/USD rate after all of Virwox’s fees. I’m not sure how reliable the site is but you can check it out for yourself here.

Are there any other methods to buy Bitcoin with Paypal other than Virowx?

Yes. However Virwox has been around for the longest time and therefor is the most reliable. If you proceed reading this post I will cover four more methods that you can use but each of them has its pros and cons.

Buy Bitcoins with Paypal through Local Bitcoins

Pros: Broad multitude of sellers from around the world

Cons: High fees, chance of scam

At the time of writing this paragraph (April 2015) this is the only known way to buy Bitcoins with Paypal. If you’re still looking for extra ways you can take a look at LocalBitcoins and attempt to find sellers that perhaps will be willing to sell you Bitcoin with Paypal.

Local Bitcoins, unlike Virwox is a marketplace where buyers and sellers meet. If you use this option you’ll be dealing with an actual person which means that credibility also comes into play. The way you can use Local Bitcoins to buy Bitcoins with Paypal is by finding a person that is willing to sell them to you. But since the seller is taking a big risk (as I explained in the beginning of this post) the will usually charge a indeed big premium (most of the times this will be more expensive than Virwox). The upside is that you will usually get your Bitcoins swifter.

1. Inject your search parameters

The very first step will be to go to Local Bitcoins and come in how much you want to buy and from which country. Since Local Bitcoins was originally made for people to meet face to face there is no “worldwide” search which is a shame. This means that there is no way to see all of the people who are willing to sell you will Paypal worldwide other then going through each country one at a time.

Two. Choose your seller

On the next screen you’ll see a list of available sellers, you can now browse them one by one. Here are the things to take into account: Feedback score – Located under the seller’s name. It’s advised to conduct transactions only with high feedback sellers.

Trade thresholds – Each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.

Payment window – How much time you have for paying the purchase and marking the payment done after you initiate a trade. It’s also super significant to read the terms of trade for the specific seller located on the right side. Here’s an example:

Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some petite transactions just to get reputation.

Trio. Finish the trade

Once you’ve found your seller just come in how much you will to buy and click on “Send trade request”.

Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales). This method is quicker the Virwox but it can take you a lot of time to build up enough reputation, find your seller and also the premiums are truly high (around %30 and more…).

Buy Bitcoin with Paypal through E-coin

Cons: Requires a long time to accomplish (around ten days)

E-coin is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card you can use E-coin’s card with your Paypal account. In order to buy Bitcoins with your e-coin debit card here’s what you’ll need to do:

1.Order a physical / virtual debit card from e-coin

Go to E-coin. Click on “request fresh card” and choose the type of card you want. It’s possible to buy Bitcoins with Paypal through both cards (physical and virtual).

A Virtual card should cost around $Three and will be enough for this process.

Two. Connect that debit card to your Paypal account and verify it

Inwards your Paypal account, go to “Wallet” -> “Add a card” and add your freshly acquired virtual Bitcoin credit card.

One the card is added you will need to verify it. In order to verify the card you’ll need to have a balance of at least $Trio on it so that Paypal will be able to charge you. Once Paypal charges you, you will see a four digit code next to that transaction on your e-coin account. That four digit code in the verification pin for your card on Paypal.

Trio. Deposit funds to your Paypal account

I’ll assume you know how to do that 🙂

Four. Withdraw funds from your Paypal account to your e-coin account

Go to “Wallet” -> “Withdraw funds” and choose the “withdraw funds to your card” option.

Make sure to choose your e-coin card. The withdrawal can take up to seven days to emerge in your e-coin account.

Five. Buy Bitcoins with your funded e-coin debit card

Now that your e-coin card has funds in it, you can use them to buy Bitcoins.

The entire process can take some time as verifying your E-coin card with Paypal takes some times and withdrawing the funds can take up to seven business days depending on where you live.

Buy Bitcoins with Paypal through Paxful

Pros: Broad diversity of sellers from around the world

Cons: High exchange rate, chance of scam

Paxful is the smaller less known version of LocalBitcoins. It’s a peer to peer marketplace that permits you to buy Bitcoins with almost anything (e.g. Skype credits, Amazon bounty cards). The process of buying Bitcoins at Paxful is pretty plain:

  1. Create an account
  2. Choose a payment method for buying and a desired amount
  3. Choose your seller – You can either choose by hand or let Paxful determine who is the best seller for you.

Once the trade initiates you will be sent in to an online talk with the seller where you can finalize the deal. The seller’s Bitcoins will be sent into Escrow and once you mark that you’ve sent your payment they will be released into your account. Keep in mind that if you don’t finalize the deal within a certain timeframe (usually thirty minutes) the deal will be auto-cancelled.

Buy Bitcoins with Paypal Through Cryptonit

Cons: Unestablished company, requires verification

Cryptonit is a cryptocurrency exchange that permits you to deposit funds through Paypal as well as many other payment form like Skrill and a credit card. However unlike Virwox, you will need to go through a verification process in order to qualify for Paypal deposit.

The verification process includes the following:

  • A copy of a government issues photo id
  • An address verification document like a utility bill or rental agreement
  • A photo of you holding these documents or a Skype movie call with someone from Cryptonit

Five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

Table of Contents

Note: If you’re looking to buy Bitcoin with Paypal or a credit card for trading purposes only check out AvaTrade or Plus500 Bitcoin CFD trading. For more information read this post .

One of the thickest issues today in Bitcoin is the fact that you can’t buy it very lightly. Even however Paypal has been very favourable of Bitcoin in the past two years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2016.

Why won’t Paypal permit this ? Elementary. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a brief movie illustrating this).

Post summary:

  1. Go to Virwox
  2. Deposit money to your account with Paypal
  3. Buy SLL on the SLL/USD exchange
  4. Buy Bitcoins with your freshly purchased SLL on the SLL/BTC exchange
  5. Withdraw your Bitcoins

And now for a more detailed explanation and some extra options…

Bitcoin exchanges

Virwox

Local Bitcoins

E-Coin (Wirex)

Paxful

Cryptonit

Coinbase

Buy Bitcoins with PayPal through Virwox

Pros: A reliable method that has been around for a long time.

Now since no exchange presently permits a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (2nd Life Linden Dollars), This currency is used for one of the largest virtual worlds today – 2nd Life.

After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. My guess is that Virwox is able to do this method since they are not directly selling you Bitcoins with Paypal but rather selling you SLL with Paypal which they can prove if you received (unlike Bitcoin since it’s anonymous in nature).

Things you should know about Virwox before we get commenced:

  • Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit originally through Paypal or a credit card, here are the exact thresholds according to their website from April 24th 2016.
  • This process hold within it more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this. It’s significant for you to be aware of the different transaction fees.
  • VirWox is delaying fresh user transactions for up to forty eight hours. This means that it can take you two days to accomplish this process (still way quicker than using a wire transfer).
  • If you still don’t receive the Bitcoins after forty eight hours (which is very unusual) you can contact Virwox at [email protected]

If you find yourself getting stuck at any point don’t hesitate to contact me through the contact form on the site.

1. Go to VirWox.

VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more. It has more than 400,000 registered users and is a 2nd Life Lindens authorized reseller.

Two. Open a free account

Click on the “not registered yet” on the top of the left sidebar to open up a fresh account as shown here:

Three. Pack out our private details

Pack out your username and email address. Where it asks for “avatar name” just leave it at “No Avatar”, it doesn’t matter, since you’re not going to play 2nd Life.

Four. Activate your account

Five. Significant. Switch your password!

Do not worry about the message telling “Your avatar connection has not been validated yet” – it is irrelevant.

6. Fund your account through PayPal

Note: From now on for each transaction you will make there will be a fee – make sure you are aware of the relevant deposit and withdrawal fees.

7. Buy SLL with USD

Note: If you haven’t made a deposit yet you will get the screen shown above requesting you to deposit before you buy SLL.

8. Buy BTC with SLL

9. Withdraw your Bitcoins

Will this method actually work ?

Most likely yes. I’m telling most likely because I have received a handful of emails from people who weren’t able to get their Bitcoins. having said that, from all of the people who didn’t get their coins I haven’t gotten one email stating their money wasn’t returned to them. So yes, the process is a bit irritating but I have been using this method since two thousand thirteen and it hasn’t failed me yet.

How much fees will be deducted from my deposit ?

This is very likely the 2nd most asked question I get. It’s significant to understand that when you buy Bitcoins through Virwox you are actually conducting two transactions. USD to SLL and SLL to BTC. This means you’ll need to pay a fee for each of these transactions.

The problem is that Virwox’s fee structure is always switching that is why I advise to check each case in person before proceeding. There is a pretty cool site which shows you the current BTC/USD rate after all of Virwox’s fees. I’m not sure how reliable the site is but you can check it out for yourself here.

Are there any other methods to buy Bitcoin with Paypal other than Virowx?

Yes. However Virwox has been around for the longest time and therefor is the most reliable. If you proceed reading this post I will cover four more methods that you can use but each of them has its pros and cons.

Buy Bitcoins with Paypal through Local Bitcoins

Pros: Broad diversity of sellers from around the world

Cons: High fees, chance of scam

At the time of writing this paragraph (April 2015) this is the only known way to buy Bitcoins with Paypal. If you’re still looking for extra ways you can take a look at LocalBitcoins and attempt to find sellers that perhaps will be willing to sell you Bitcoin with Paypal.

Local Bitcoins, unlike Virwox is a marketplace where buyers and sellers meet. If you use this option you’ll be dealing with an actual person which means that credibility also comes into play. The way you can use Local Bitcoins to buy Bitcoins with Paypal is by finding a person that is willing to sell them to you. But since the seller is taking a big risk (as I explained in the beginning of this post) the will usually charge a indeed big premium (most of the times this will be more expensive than Virwox). The upside is that you will usually get your Bitcoins quicker.

1. Come in your search parameters

The very first step will be to go to Local Bitcoins and come in how much you want to buy and from which country. Since Local Bitcoins was originally made for people to meet face to face there is no “worldwide” search which is a shame. This means that there is no way to see all of the people who are willing to sell you will Paypal worldwide other then going through each country one at a time.

Two. Choose your seller

On the next screen you’ll see a list of available sellers, you can now browse them one by one. Here are the things to take into account: Feedback score – Located under the seller’s name. It’s advised to conduct transactions only with high feedback sellers.

Trade boundaries – Each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.

Payment window – How much time you have for paying the purchase and marking the payment done after you initiate a trade. It’s also super significant to read the terms of trade for the specific seller located on the right side. Here’s an example:

Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some puny transactions just to get reputation.

Three. Finish the trade

Once you’ve found your seller just inject how much you will to buy and click on “Send trade request”.

Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales). This method is quicker the Virwox but it can take you a lot of time to build up enough reputation, find your seller and also the premiums are indeed high (around %30 and more…).

Buy Bitcoin with Paypal through E-coin

Cons: Requires a long time to finish (around ten days)

E-coin is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card you can use E-coin’s card with your Paypal account. In order to buy Bitcoins with your e-coin debit card here’s what you’ll need to do:

1.Order a physical / virtual debit card from e-coin

Go to E-coin. Click on “request fresh card” and choose the type of card you want. It’s possible to buy Bitcoins with Paypal through both cards (physical and virtual).

A Virtual card should cost around $Three and will be enough for this process.

Two. Connect that debit card to your Paypal account and verify it

Inwards your Paypal account, go to “Wallet” -> “Add a card” and add your freshly acquired virtual Bitcoin credit card.

One the card is added you will need to verify it. In order to verify the card you’ll need to have a balance of at least $Trio on it so that Paypal will be able to charge you. Once Paypal charges you, you will see a four digit code next to that transaction on your e-coin account. That four digit code in the verification pin for your card on Paypal.

Three. Deposit funds to your Paypal account

I’ll assume you know how to do that 🙂

Four. Withdraw funds from your Paypal account to your e-coin account

Go to “Wallet” -> “Withdraw funds” and choose the “withdraw funds to your card” option.

Make sure to choose your e-coin card. The withdrawal can take up to seven days to emerge in your e-coin account.

Five. Buy Bitcoins with your funded e-coin debit card

Now that your e-coin card has funds in it, you can use them to buy Bitcoins.

The entire process can take some time as verifying your E-coin card with Paypal takes some times and withdrawing the funds can take up to seven business days depending on where you live.

Buy Bitcoins with Paypal through Paxful

Pros: Broad multiplicity of sellers from around the world

Cons: High exchange rate, chance of scam

Paxful is the smaller less known version of LocalBitcoins. It’s a peer to peer marketplace that permits you to buy Bitcoins with almost anything (e.g. Skype credits, Amazon bounty cards). The process of buying Bitcoins at Paxful is pretty ordinary:

  1. Create an account
  2. Choose a payment method for buying and a desired amount
  3. Choose your seller – You can either choose by hand or let Paxful determine who is the best seller for you.

Once the trade initiates you will be sent in to an online talk with the seller where you can finalize the deal. The seller’s Bitcoins will be sent into Escrow and once you mark that you’ve sent your payment they will be released into your account. Keep in mind that if you don’t finalize the deal within a certain timeframe (usually thirty minutes) the deal will be auto-cancelled.

Buy Bitcoins with Paypal Through Cryptonit

Cons: Unestablished company, requires verification

Cryptonit is a cryptocurrency exchange that permits you to deposit funds through Paypal as well as many other payment form like Skrill and a credit card. However unlike Virwox, you will need to go through a verification process in order to qualify for Paypal deposit.

The verification process includes the following:

  • A copy of a government issues photo id
  • An address verification document like a utility bill or rental agreement
  • A photo of you holding these documents or a Skype movie call with someone from Cryptonit

Five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

Table of Contents

Note: If you’re looking to buy Bitcoin with Paypal or a credit card for trading purposes only check out AvaTrade or Plus500 Bitcoin CFD trading. For more information read this post .

One of the largest issues today in Bitcoin is the fact that you can’t buy it very lightly. Even tho’ Paypal has been very favourable of Bitcoin in the past two years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2016.

Why won’t Paypal permit this ? Plain. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a brief movie illustrating this).

Post summary:

  1. Go to Virwox
  2. Deposit money to your account with Paypal
  3. Buy SLL on the SLL/USD exchange
  4. Buy Bitcoins with your freshly purchased SLL on the SLL/BTC exchange
  5. Withdraw your Bitcoins

And now for a more detailed explanation and some extra options…

Bitcoin exchanges

Virwox

Local Bitcoins

E-Coin (Wirex)

Paxful

Cryptonit

Coinbase

Buy Bitcoins with PayPal through Virwox

Pros: A reliable method that has been around for a long time.

Now since no exchange presently permits a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (2nd Life Linden Dollars), This currency is used for one of the largest virtual worlds today – 2nd Life.

After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. My guess is that Virwox is able to do this method since they are not directly selling you Bitcoins with Paypal but rather selling you SLL with Paypal which they can prove if you received (unlike Bitcoin since it’s anonymous in nature).

Things you should know about Virwox before we get began:

  • Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit originally through Paypal or a credit card, here are the exact boundaries according to their website from April 24th 2016.
  • This process hold within it more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this. It’s significant for you to be aware of the different transaction fees.
  • VirWox is delaying fresh user transactions for up to forty eight hours. This means that it can take you two days to accomplish this process (still way quicker than using a wire transfer).
  • If you still don’t receive the Bitcoins after forty eight hours (which is very unusual) you can contact Virwox at [email protected]

If you find yourself getting stuck at any point don’t hesitate to contact me through the contact form on the site.

1. Go to VirWox.

VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more. It has more than 400,000 registered users and is a 2nd Life Lindens authorized reseller.

Two. Open a free account

Click on the “not registered yet” on the top of the left sidebar to open up a fresh account as shown here:

Trio. Pack out our individual details

Pack out your username and email address. Where it asks for “avatar name” just leave it at “No Avatar”, it doesn’t matter, since you’re not going to play 2nd Life.

Four. Activate your account

Five. Significant. Switch your password!

Do not worry about the message telling “Your avatar connection has not been validated yet” – it is irrelevant.

6. Fund your account through PayPal

Note: From now on for each transaction you will make there will be a fee – make sure you are aware of the relevant deposit and withdrawal fees.

7. Buy SLL with USD

Note: If you haven’t made a deposit yet you will get the screen shown above requesting you to deposit before you buy SLL.

8. Buy BTC with SLL

9. Withdraw your Bitcoins

Will this method actually work ?

Very likely yes. I’m telling most likely because I have received a handful of emails from people who weren’t able to get their Bitcoins. having said that, from all of the people who didn’t get their coins I haven’t gotten one email stating their money wasn’t returned to them. So yes, the process is a bit irritating but I have been using this method since two thousand thirteen and it hasn’t failed me yet.

How much fees will be deducted from my deposit ?

This is most likely the 2nd most asked question I get. It’s significant to understand that when you buy Bitcoins through Virwox you are actually conducting two transactions. USD to SLL and SLL to BTC. This means you’ll need to pay a fee for each of these transactions.

The problem is that Virwox’s fee structure is always switching that is why I advise to check each case in person before proceeding. There is a pretty cool site which shows you the current BTC/USD rate after all of Virwox’s fees. I’m not sure how reliable the site is but you can check it out for yourself here.

Are there any other methods to buy Bitcoin with Paypal other than Virowx?

Yes. However Virwox has been around for the longest time and therefor is the most reliable. If you proceed reading this post I will cover four more methods that you can use but each of them has its pros and cons.

Buy Bitcoins with Paypal through Local Bitcoins

Pros: Broad diversity of sellers from around the world

Cons: High fees, chance of scam

At the time of writing this paragraph (April 2015) this is the only known way to buy Bitcoins with Paypal. If you’re still looking for extra ways you can take a look at LocalBitcoins and attempt to find sellers that perhaps will be willing to sell you Bitcoin with Paypal.

Local Bitcoins, unlike Virwox is a marketplace where buyers and sellers meet. If you use this option you’ll be dealing with an actual person which means that credibility also comes into play. The way you can use Local Bitcoins to buy Bitcoins with Paypal is by finding a person that is willing to sell them to you. But since the seller is taking a big risk (as I explained in the beginning of this post) the will usually charge a truly big premium (most of the times this will be more expensive than Virwox). The upside is that you will usually get your Bitcoins swifter.

1. Inject your search parameters

The very first step will be to go to Local Bitcoins and come in how much you want to buy and from which country. Since Local Bitcoins was originally made for people to meet face to face there is no “worldwide” search which is a shame. This means that there is no way to see all of the people who are willing to sell you will Paypal worldwide other then going through each country one at a time.

Two. Choose your seller

On the next screen you’ll see a list of available sellers, you can now browse them one by one. Here are the things to take into account: Feedback score – Located under the seller’s name. It’s advised to conduct transactions only with high feedback sellers.

Trade boundaries – Each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.

Payment window – How much time you have for paying the purchase and marking the payment done after you initiate a trade. It’s also super significant to read the terms of trade for the specific seller located on the right side. Here’s an example:

Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some puny transactions just to get reputation.

Trio. Accomplish the trade

Once you’ve found your seller just come in how much you will to buy and click on “Send trade request”.

Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales). This method is quicker the Virwox but it can take you a lot of time to build up enough reputation, find your seller and also the premiums are truly high (around %30 and more…).

Buy Bitcoin with Paypal through E-coin

Cons: Requires a long time to finish (around ten days)

E-coin is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card you can use E-coin’s card with your Paypal account. In order to buy Bitcoins with your e-coin debit card here’s what you’ll need to do:

1.Order a physical / virtual debit card from e-coin

Go to E-coin. Click on “request fresh card” and choose the type of card you want. It’s possible to buy Bitcoins with Paypal through both cards (physical and virtual).

A Virtual card should cost around $Three and will be enough for this process.

Two. Connect that debit card to your Paypal account and verify it

Inwards your Paypal account, go to “Wallet” -> “Add a card” and add your freshly acquired virtual Bitcoin credit card.

One the card is added you will need to verify it. In order to verify the card you’ll need to have a balance of at least $Three on it so that Paypal will be able to charge you. Once Paypal charges you, you will see a four digit code next to that transaction on your e-coin account. That four digit code in the verification pin for your card on Paypal.

Trio. Deposit funds to your Paypal account

I’ll assume you know how to do that 🙂

Four. Withdraw funds from your Paypal account to your e-coin account

Go to “Wallet” -> “Withdraw funds” and choose the “withdraw funds to your card” option.

Make sure to choose your e-coin card. The withdrawal can take up to seven days to emerge in your e-coin account.

Five. Buy Bitcoins with your funded e-coin debit card

Now that your e-coin card has funds in it, you can use them to buy Bitcoins.

The entire process can take some time as verifying your E-coin card with Paypal takes some times and withdrawing the funds can take up to seven business days depending on where you live.

Buy Bitcoins with Paypal through Paxful

Pros: Broad multitude of sellers from around the world

Cons: High exchange rate, chance of scam

Paxful is the smaller less known version of LocalBitcoins. It’s a peer to peer marketplace that permits you to buy Bitcoins with almost anything (e.g. Skype credits, Amazon bounty cards). The process of buying Bitcoins at Paxful is pretty plain:

  1. Create an account
  2. Choose a payment method for buying and a desired amount
  3. Choose your seller – You can either choose by hand or let Paxful determine who is the best seller for you.

Once the trade initiates you will be sent in to an online talk with the seller where you can finalize the deal. The seller’s Bitcoins will be sent into Escrow and once you mark that you’ve sent your payment they will be released into your account. Keep in mind that if you don’t finalize the deal within a certain timeframe (usually thirty minutes) the deal will be auto-cancelled.

Buy Bitcoins with Paypal Through Cryptonit

Cons: Unestablished company, requires verification

Cryptonit is a cryptocurrency exchange that permits you to deposit funds through Paypal as well as many other payment form like Skrill and a credit card. However unlike Virwox, you will need to go through a verification process in order to qualify for Paypal deposit.

The verification process includes the following:

  • A copy of a government issues photo id
  • An address verification document like a utility bill or rental agreement
  • A photo of you holding these documents or a Skype movie call with someone from Cryptonit

Five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

Table of Contents

Note: If you’re looking to buy Bitcoin with Paypal or a credit card for trading purposes only check out AvaTrade or Plus500 Bitcoin CFD trading. For more information read this post .

One of the largest issues today in Bitcoin is the fact that you can’t buy it very lightly. Even however Paypal has been very favourable of Bitcoin in the past two years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2016.

Why won’t Paypal permit this ? Plain. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a brief movie illustrating this).

Post summary:

  1. Go to Virwox
  2. Deposit money to your account with Paypal
  3. Buy SLL on the SLL/USD exchange
  4. Buy Bitcoins with your freshly purchased SLL on the SLL/BTC exchange
  5. Withdraw your Bitcoins

And now for a more detailed explanation and some extra options…

Bitcoin exchanges

Virwox

Local Bitcoins

E-Coin (Wirex)

Paxful

Cryptonit

Coinbase

Buy Bitcoins with PayPal through Virwox

Pros: A reliable method that has been around for a long time.

Now since no exchange presently permits a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (2nd Life Linden Dollars), This currency is used for one of the largest virtual worlds today – 2nd Life.

After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. My guess is that Virwox is able to do this method since they are not directly selling you Bitcoins with Paypal but rather selling you SLL with Paypal which they can prove if you received (unlike Bitcoin since it’s anonymous in nature).

Things you should know about Virwox before we get commenced:

  • Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit originally through Paypal or a credit card, here are the exact boundaries according to their website from April 24th 2016.
  • This process hold within it more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this. It’s significant for you to be aware of the different transaction fees.
  • VirWox is delaying fresh user transactions for up to forty eight hours. This means that it can take you two days to finish this process (still way quicker than using a wire transfer).
  • If you still don’t receive the Bitcoins after forty eight hours (which is very unusual) you can contact Virwox at [email protected]

If you find yourself getting stuck at any point don’t hesitate to contact me through the contact form on the site.

1. Go to VirWox.

VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more. It has more than 400,000 registered users and is a 2nd Life Lindens authorized reseller.

Two. Open a free account

Click on the “not registered yet” on the top of the left sidebar to open up a fresh account as shown here:

Three. Pack out our private details

Pack out your username and email address. Where it asks for “avatar name” just leave it at “No Avatar”, it doesn’t matter, since you’re not going to play 2nd Life.

Four. Activate your account

Five. Significant. Switch your password!

Do not worry about the message telling “Your avatar connection has not been validated yet” – it is irrelevant.

6. Fund your account through PayPal

Note: From now on for each transaction you will make there will be a fee – make sure you are aware of the relevant deposit and withdrawal fees.

7. Buy SLL with USD

Note: If you haven’t made a deposit yet you will get the screen shown above requesting you to deposit before you buy SLL.

8. Buy BTC with SLL

9. Withdraw your Bitcoins

Will this method actually work ?

Most likely yes. I’m telling most likely because I have received a handful of emails from people who weren’t able to get their Bitcoins. having said that, from all of the people who didn’t get their coins I haven’t gotten one email stating their money wasn’t returned to them. So yes, the process is a bit irritating but I have been using this method since two thousand thirteen and it hasn’t failed me yet.

How much fees will be deducted from my deposit ?

This is most likely the 2nd most asked question I get. It’s significant to understand that when you buy Bitcoins through Virwox you are actually conducting two transactions. USD to SLL and SLL to BTC. This means you’ll need to pay a fee for each of these transactions.

The problem is that Virwox’s fee structure is always switching that is why I advise to check each case in person before proceeding. There is a pretty cool site which shows you the current BTC/USD rate after all of Virwox’s fees. I’m not sure how reliable the site is but you can check it out for yourself here.

Are there any other methods to buy Bitcoin with Paypal other than Virowx?

Yes. However Virwox has been around for the longest time and therefor is the most reliable. If you proceed reading this post I will cover four more methods that you can use but each of them has its pros and cons.

Buy Bitcoins with Paypal through Local Bitcoins

Pros: Broad diversity of sellers from around the world

Cons: High fees, chance of scam

At the time of writing this paragraph (April 2015) this is the only known way to buy Bitcoins with Paypal. If you’re still looking for extra ways you can take a look at LocalBitcoins and attempt to find sellers that perhaps will be willing to sell you Bitcoin with Paypal.

Local Bitcoins, unlike Virwox is a marketplace where buyers and sellers meet. If you use this option you’ll be dealing with an actual person which means that credibility also comes into play. The way you can use Local Bitcoins to buy Bitcoins with Paypal is by finding a person that is willing to sell them to you. But since the seller is taking a big risk (as I explained in the beginning of this post) the will usually charge a truly big premium (most of the times this will be more expensive than Virwox). The upside is that you will usually get your Bitcoins swifter.

1. Come in your search parameters

The very first step will be to go to Local Bitcoins and come in how much you want to buy and from which country. Since Local Bitcoins was originally made for people to meet face to face there is no “worldwide” search which is a shame. This means that there is no way to see all of the people who are willing to sell you will Paypal worldwide other then going through each country one at a time.

Two. Choose your seller

On the next screen you’ll see a list of available sellers, you can now browse them one by one. Here are the things to take into account: Feedback score – Located under the seller’s name. It’s advised to conduct transactions only with high feedback sellers.

Trade thresholds – Each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.

Payment window – How much time you have for paying the purchase and marking the payment done after you initiate a trade. It’s also super significant to read the terms of trade for the specific seller located on the right side. Here’s an example:

Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some petite transactions just to get reputation.

Three. Accomplish the trade

Once you’ve found your seller just inject how much you will to buy and click on “Send trade request”.

Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales). This method is swifter the Virwox but it can take you a lot of time to build up enough reputation, find your seller and also the premiums are truly high (around %30 and more…).

Buy Bitcoin with Paypal through E-coin

Cons: Requires a long time to finish (around ten days)

E-coin is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card you can use E-coin’s card with your Paypal account. In order to buy Bitcoins with your e-coin debit card here’s what you’ll need to do:

1.Order a physical / virtual debit card from e-coin

Go to E-coin. Click on “request fresh card” and choose the type of card you want. It’s possible to buy Bitcoins with Paypal through both cards (physical and virtual).

A Virtual card should cost around $Three and will be enough for this process.

Two. Connect that debit card to your Paypal account and verify it

Inwards your Paypal account, go to “Wallet” -> “Add a card” and add your freshly acquired virtual Bitcoin credit card.

One the card is added you will need to verify it. In order to verify the card you’ll need to have a balance of at least $Three on it so that Paypal will be able to charge you. Once Paypal charges you, you will see a four digit code next to that transaction on your e-coin account. That four digit code in the verification pin for your card on Paypal.

Trio. Deposit funds to your Paypal account

I’ll assume you know how to do that 🙂

Four. Withdraw funds from your Paypal account to your e-coin account

Go to “Wallet” -> “Withdraw funds” and choose the “withdraw funds to your card” option.

Make sure to choose your e-coin card. The withdrawal can take up to seven days to show up in your e-coin account.

Five. Buy Bitcoins with your funded e-coin debit card

Now that your e-coin card has funds in it, you can use them to buy Bitcoins.

The entire process can take some time as verifying your E-coin card with Paypal takes some times and withdrawing the funds can take up to seven business days depending on where you live.

Buy Bitcoins with Paypal through Paxful

Pros: Broad multiplicity of sellers from around the world

Cons: High exchange rate, chance of scam

Paxful is the smaller less known version of LocalBitcoins. It’s a peer to peer marketplace that permits you to buy Bitcoins with almost anything (e.g. Skype credits, Amazon bounty cards). The process of buying Bitcoins at Paxful is pretty elementary:

  1. Create an account
  2. Choose a payment method for buying and a desired amount
  3. Choose your seller – You can either choose by hand or let Paxful determine who is the best seller for you.

Once the trade initiates you will be sent in to an online talk with the seller where you can finalize the deal. The seller’s Bitcoins will be sent into Escrow and once you mark that you’ve sent your payment they will be released into your account. Keep in mind that if you don’t finalize the deal within a certain timeframe (usually thirty minutes) the deal will be auto-cancelled.

Buy Bitcoins with Paypal Through Cryptonit

Cons: Unestablished company, requires verification

Cryptonit is a cryptocurrency exchange that permits you to deposit funds through Paypal as well as many other payment form like Skrill and a credit card. However unlike Virwox, you will need to go through a verification process in order to qualify for Paypal deposit.

The verification process includes the following:

  • A copy of a government issues photo id
  • An address verification document like a utility bill or rental agreement
  • A photo of you holding these documents or a Skype movie call with someone from Cryptonit

Five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

Table of Contents

One of the thickest issues today in Bitcoin is the fact that you can’t buy it very lightly. Even however Paypal has been very favourable of Bitcoin in the past two years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2016.

Why won’t Paypal permit this ? Ordinary. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a brief movie illustrating this).

Post summary:

  1. Go to Virwox
  2. Deposit money to your account with Paypal
  3. Buy SLL on the SLL/USD exchange
  4. Buy Bitcoins with your freshly purchased SLL on the SLL/BTC exchange
  5. Withdraw your Bitcoins

And now for a more detailed explanation and some extra options…

Bitcoin exchanges

Virwox

Local Bitcoins

E-Coin (Wirex)

Paxful

Cryptonit

Coinbase

Buy Bitcoins with PayPal through Virwox

Pros: A reliable method that has been around for a long time.

Now since no exchange presently permits a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (2nd Life Linden Dollars), This currency is used for one of the fattest virtual worlds today – 2nd Life.

After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. My guess is that Virwox is able to do this method since they are not directly selling you Bitcoins with Paypal but rather selling you SLL with Paypal which they can prove if you received (unlike Bitcoin since it’s anonymous in nature).

Things you should know about Virwox before we get embarked:

  • Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit primarily through Paypal or a credit card, here are the exact thresholds according to their website from April 24th 2016.
  • This process hold within it more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this. It’s significant for you to be aware of the different transaction fees.
  • VirWox is delaying fresh user transactions for up to forty eight hours. This means that it can take you two days to accomplish this process (still way quicker than using a wire transfer).
  • If you still don’t receive the Bitcoins after forty eight hours (which is very unusual) you can contact Virwox at [email protected]

If you find yourself getting stuck at any point don’t hesitate to contact me through the contact form on the site.

1. Go to VirWox.

VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more. It has more than 400,000 registered users and is a 2nd Life Lindens authorized reseller.

Two. Open a free account

Click on the “not registered yet” on the top of the left sidebar to open up a fresh account as shown here:

Three. Pack out our individual details

Pack out your username and email address. Where it asks for “avatar name” just leave it at “No Avatar”, it doesn’t matter, since you’re not going to play 2nd Life.

Four. Activate your account

Five. Significant. Switch your password!

Do not worry about the message telling “Your avatar connection has not been validated yet” – it is irrelevant.

6. Fund your account through PayPal

Note: From now on for each transaction you will make there will be a fee – make sure you are aware of the relevant deposit and withdrawal fees.

7. Buy SLL with USD

Note: If you haven’t made a deposit yet you will get the screen shown above requesting you to deposit before you buy SLL.

8. Buy BTC with SLL

9. Withdraw your Bitcoins

Will this method actually work ?

Very likely yes. I’m telling very likely because I have received a handful of emails from people who weren’t able to get their Bitcoins. having said that, from all of the people who didn’t get their coins I haven’t gotten one email stating their money wasn’t returned to them. So yes, the process is a bit irritating but I have been using this method since two thousand thirteen and it hasn’t failed me yet.

How much fees will be deducted from my deposit ?

This is very likely the 2nd most asked question I get. It’s significant to understand that when you buy Bitcoins through Virwox you are actually conducting two transactions. USD to SLL and SLL to BTC. This means you’ll need to pay a fee for each of these transactions.

The problem is that Virwox’s fee structure is always switching that is why I advise to check each case in person before proceeding. There is a pretty cool site which shows you the current BTC/USD rate after all of Virwox’s fees. I’m not sure how reliable the site is but you can check it out for yourself here.

Are there any other methods to buy Bitcoin with Paypal other than Virowx?

Yes. However Virwox has been around for the longest time and therefor is the most reliable. If you proceed reading this post I will cover four more methods that you can use but each of them has its pros and cons.

Buy Bitcoins with Paypal through Local Bitcoins

Pros: Broad multitude of sellers from around the world

Cons: High fees, chance of scam

At the time of writing this paragraph (April 2015) this is the only known way to buy Bitcoins with Paypal. If you’re still looking for extra ways you can take a look at LocalBitcoins and attempt to find sellers that perhaps will be willing to sell you Bitcoin with Paypal.

Local Bitcoins, unlike Virwox is a marketplace where buyers and sellers meet. If you use this option you’ll be dealing with an actual person which means that credibility also comes into play. The way you can use Local Bitcoins to buy Bitcoins with Paypal is by finding a person that is willing to sell them to you. But since the seller is taking a big risk (as I explained in the beginning of this post) the will usually charge a truly big premium (most of the times this will be more expensive than Virwox). The upside is that you will usually get your Bitcoins swifter.

1. Come in your search parameters

The very first step will be to go to Local Bitcoins and inject how much you want to buy and from which country. Since Local Bitcoins was originally made for people to meet face to face there is no “worldwide” search which is a shame. This means that there is no way to see all of the people who are willing to sell you will Paypal worldwide other then going through each country one at a time.

Two. Choose your seller

On the next screen you’ll see a list of available sellers, you can now browse them one by one. Here are the things to take into account: Feedback score – Located under the seller’s name. It’s advised to conduct transactions only with high feedback sellers.

Trade boundaries – Each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.

Payment window – How much time you have for paying the purchase and marking the payment done after you initiate a trade. It’s also super significant to read the terms of trade for the specific seller located on the right side. Here’s an example:

Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some petite transactions just to get reputation.

Trio. Finish the trade

Once you’ve found your seller just inject how much you will to buy and click on “Send trade request”.

Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales). This method is swifter the Virwox but it can take you a lot of time to build up enough reputation, find your seller and also the premiums are indeed high (around %30 and more…).

Buy Bitcoin with Paypal through E-coin

Cons: Requires a long time to accomplish (around ten days)

E-coin is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card you can use E-coin’s card with your Paypal account. In order to buy Bitcoins with your e-coin debit card here’s what you’ll need to do:

1.Order a physical / virtual debit card from e-coin

Go to E-coin. Click on “request fresh card” and choose the type of card you want. It’s possible to buy Bitcoins with Paypal through both cards (physical and virtual).

A Virtual card should cost around $Three and will be enough for this process.

Two. Connect that debit card to your Paypal account and verify it

Inwards your Paypal account, go to “Wallet” -> “Add a card” and add your freshly acquired virtual Bitcoin credit card.

One the card is added you will need to verify it. In order to verify the card you’ll need to have a balance of at least $Trio on it so that Paypal will be able to charge you. Once Paypal charges you, you will see a four digit code next to that transaction on your e-coin account. That four digit code in the verification pin for your card on Paypal.

Trio. Deposit funds to your Paypal account

I’ll assume you know how to do that 🙂

Four. Withdraw funds from your Paypal account to your e-coin account

Go to “Wallet” -> “Withdraw funds” and choose the “withdraw funds to your card” option.

Make sure to choose your e-coin card. The withdrawal can take up to seven days to show up in your e-coin account.

Five. Buy Bitcoins with your funded e-coin debit card

Now that your e-coin card has funds in it, you can use them to buy Bitcoins.

The entire process can take some time as verifying your E-coin card with Paypal takes some times and withdrawing the funds can take up to seven business days depending on where you live.

Buy Bitcoins with Paypal through Paxful

Pros: Broad multiplicity of sellers from around the world

Cons: High exchange rate, chance of scam

Paxful is the smaller less known version of LocalBitcoins. It’s a peer to peer marketplace that permits you to buy Bitcoins with almost anything (e.g. Skype credits, Amazon bounty cards). The process of buying Bitcoins at Paxful is pretty ordinary:

  1. Create an account
  2. Choose a payment method for buying and a desired amount
  3. Choose your seller – You can either choose by hand or let Paxful determine who is the best seller for you.

Once the trade initiates you will be sent in to an online talk with the seller where you can finalize the deal. The seller’s Bitcoins will be sent into Escrow and once you mark that you’ve sent your payment they will be released into your account. Keep in mind that if you don’t finalize the deal within a certain timeframe (usually thirty minutes) the deal will be auto-cancelled.

Buy Bitcoins with Paypal Through Cryptonit

Cons: Unestablished company, requires verification

Cryptonit is a cryptocurrency exchange that permits you to deposit funds through Paypal as well as many other payment form like Skrill and a credit card. However unlike Virwox, you will need to go through a verification process in order to qualify for Paypal deposit.

The verification process includes the following:

  • A copy of a government issues photo id
  • An address verification document like a utility bill or rental agreement
  • A photo of you holding these documents or a Skype movie call with someone from Cryptonit

Five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

Table of Contents

One of the fattest issues today in Bitcoin is the fact that you can’t buy it very lightly. Even however Paypal has been very favourable of Bitcoin in the past two years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2016.

Why won’t Paypal permit this ? Elementary. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a brief movie illustrating this).

Post summary:

  1. Go to Virwox
  2. Deposit money to your account with Paypal
  3. Buy SLL on the SLL/USD exchange
  4. Buy Bitcoins with your freshly purchased SLL on the SLL/BTC exchange
  5. Withdraw your Bitcoins

And now for a more detailed explanation and some extra options…

Bitcoin exchanges

Virwox

Local Bitcoins

E-Coin (Wirex)

Paxful

Cryptonit

Coinbase

Buy Bitcoins with PayPal through Virwox

Pros: A reliable method that has been around for a long time.

Now since no exchange presently permits a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (2nd Life Linden Dollars), This currency is used for one of the fattest virtual worlds today – 2nd Life.

After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. My guess is that Virwox is able to do this method since they are not directly selling you Bitcoins with Paypal but rather selling you SLL with Paypal which they can prove if you received (unlike Bitcoin since it’s anonymous in nature).

Things you should know about Virwox before we get began:

  • Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit originally through Paypal or a credit card, here are the exact thresholds according to their website from April 24th 2016.
  • This process hold within it more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this. It’s significant for you to be aware of the different transaction fees.
  • VirWox is delaying fresh user transactions for up to forty eight hours. This means that it can take you two days to finish this process (still way quicker than using a wire transfer).
  • If you still don’t receive the Bitcoins after forty eight hours (which is very unusual) you can contact Virwox at [email protected]

If you find yourself getting stuck at any point don’t hesitate to contact me through the contact form on the site.

1. Go to VirWox.

VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more. It has more than 400,000 registered users and is a 2nd Life Lindens authorized reseller.

Two. Open a free account

Click on the “not registered yet” on the top of the left sidebar to open up a fresh account as shown here:

Three. Pack out our private details

Pack out your username and email address. Where it asks for “avatar name” just leave it at “No Avatar”, it doesn’t matter, since you’re not going to play 2nd Life.

Four. Activate your account

Five. Significant. Switch your password!

Do not worry about the message telling “Your avatar connection has not been validated yet” – it is irrelevant.

6. Fund your account through PayPal

Note: From now on for each transaction you will make there will be a fee – make sure you are aware of the relevant deposit and withdrawal fees.

7. Buy SLL with USD

Note: If you haven’t made a deposit yet you will get the screen shown above requesting you to deposit before you buy SLL.

8. Buy BTC with SLL

9. Withdraw your Bitcoins

Will this method actually work ?

Most likely yes. I’m telling very likely because I have received a handful of emails from people who weren’t able to get their Bitcoins. having said that, from all of the people who didn’t get their coins I haven’t gotten one email stating their money wasn’t returned to them. So yes, the process is a bit irritating but I have been using this method since two thousand thirteen and it hasn’t failed me yet.

How much fees will be deducted from my deposit ?

This is most likely the 2nd most asked question I get. It’s significant to understand that when you buy Bitcoins through Virwox you are actually conducting two transactions. USD to SLL and SLL to BTC. This means you’ll need to pay a fee for each of these transactions.

The problem is that Virwox’s fee structure is always switching that is why I advise to check each case in person before proceeding. There is a pretty cool site which shows you the current BTC/USD rate after all of Virwox’s fees. I’m not sure how reliable the site is but you can check it out for yourself here.

Are there any other methods to buy Bitcoin with Paypal other than Virowx?

Yes. However Virwox has been around for the longest time and therefor is the most reliable. If you proceed reading this post I will cover four more methods that you can use but each of them has its pros and cons.

Buy Bitcoins with Paypal through Local Bitcoins

Pros: Broad diversity of sellers from around the world

Cons: High fees, chance of scam

At the time of writing this paragraph (April 2015) this is the only known way to buy Bitcoins with Paypal. If you’re still looking for extra ways you can take a look at LocalBitcoins and attempt to find sellers that perhaps will be willing to sell you Bitcoin with Paypal.

Local Bitcoins, unlike Virwox is a marketplace where buyers and sellers meet. If you use this option you’ll be dealing with an actual person which means that credibility also comes into play. The way you can use Local Bitcoins to buy Bitcoins with Paypal is by finding a person that is willing to sell them to you. But since the seller is taking a big risk (as I explained in the beginning of this post) the will usually charge a truly big premium (most of the times this will be more expensive than Virwox). The upside is that you will usually get your Bitcoins quicker.

1. Inject your search parameters

The very first step will be to go to Local Bitcoins and inject how much you want to buy and from which country. Since Local Bitcoins was originally made for people to meet face to face there is no “worldwide” search which is a shame. This means that there is no way to see all of the people who are willing to sell you will Paypal worldwide other then going through each country one at a time.

Two. Choose your seller

On the next screen you’ll see a list of available sellers, you can now browse them one by one. Here are the things to take into account: Feedback score – Located under the seller’s name. It’s advised to conduct transactions only with high feedback sellers.

Trade thresholds – Each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.

Payment window – How much time you have for paying the purchase and marking the payment done after you initiate a trade. It’s also super significant to read the terms of trade for the specific seller located on the right side. Here’s an example:

Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some petite transactions just to get reputation.

Three. Accomplish the trade

Once you’ve found your seller just come in how much you will to buy and click on “Send trade request”.

Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales). This method is swifter the Virwox but it can take you a lot of time to build up enough reputation, find your seller and also the premiums are indeed high (around %30 and more…).

Buy Bitcoin with Paypal through E-coin

Cons: Requires a long time to accomplish (around ten days)

E-coin is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card you can use E-coin’s card with your Paypal account. In order to buy Bitcoins with your e-coin debit card here’s what you’ll need to do:

1.Order a physical / virtual debit card from e-coin

Go to E-coin. Click on “request fresh card” and choose the type of card you want. It’s possible to buy Bitcoins with Paypal through both cards (physical and virtual).

A Virtual card should cost around $Trio and will be enough for this process.

Two. Connect that debit card to your Paypal account and verify it

Inwards your Paypal account, go to “Wallet” -> “Add a card” and add your freshly acquired virtual Bitcoin credit card.

One the card is added you will need to verify it. In order to verify the card you’ll need to have a balance of at least $Three on it so that Paypal will be able to charge you. Once Paypal charges you, you will see a four digit code next to that transaction on your e-coin account. That four digit code in the verification pin for your card on Paypal.

Three. Deposit funds to your Paypal account

I’ll assume you know how to do that 🙂

Four. Withdraw funds from your Paypal account to your e-coin account

Go to “Wallet” -> “Withdraw funds” and choose the “withdraw funds to your card” option.

Make sure to choose your e-coin card. The withdrawal can take up to seven days to show up in your e-coin account.

Five. Buy Bitcoins with your funded e-coin debit card

Now that your e-coin card has funds in it, you can use them to buy Bitcoins.

The entire process can take some time as verifying your E-coin card with Paypal takes some times and withdrawing the funds can take up to seven business days depending on where you live.

Buy Bitcoins with Paypal through Paxful

Pros: Broad diversity of sellers from around the world

Cons: High exchange rate, chance of scam

Paxful is the smaller less known version of LocalBitcoins. It’s a peer to peer marketplace that permits you to buy Bitcoins with almost anything (e.g. Skype credits, Amazon bounty cards). The process of buying Bitcoins at Paxful is pretty plain:

  1. Create an account
  2. Choose a payment method for buying and a desired amount
  3. Choose your seller – You can either choose by hand or let Paxful determine who is the best seller for you.

Once the trade initiates you will be sent in to an online talk with the seller where you can finalize the deal. The seller’s Bitcoins will be sent into Escrow and once you mark that you’ve sent your payment they will be released into your account. Keep in mind that if you don’t finalize the deal within a certain timeframe (usually thirty minutes) the deal will be auto-cancelled.

Buy Bitcoins with Paypal Through Cryptonit

Cons: Unestablished company, requires verification

Cryptonit is a cryptocurrency exchange that permits you to deposit funds through Paypal as well as many other payment form like Skrill and a credit card. However unlike Virwox, you will need to go through a verification process in order to qualify for Paypal deposit.

The verification process includes the following:

  • A copy of a government issues photo id
  • An address verification document like a utility bill or rental agreement
  • A photo of you holding these documents or a Skype movie call with someone from Cryptonit

Five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

Table of Contents

One of the fattest issues today in Bitcoin is the fact that you can’t buy it very lightly. Even however Paypal has been very favourable of Bitcoin in the past two years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2016.

Why won’t Paypal permit this ? Elementary. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a brief movie illustrating this).

Post summary:

  1. Go to Virwox
  2. Deposit money to your account with Paypal
  3. Buy SLL on the SLL/USD exchange
  4. Buy Bitcoins with your freshly purchased SLL on the SLL/BTC exchange
  5. Withdraw your Bitcoins

And now for a more detailed explanation and some extra options…

Bitcoin exchanges

Virwox

Local Bitcoins

E-Coin (Wirex)

Paxful

Cryptonit

Coinbase

Buy Bitcoins with PayPal through Virwox

Pros: A reliable method that has been around for a long time.

Now since no exchange presently permits a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (2nd Life Linden Dollars), This currency is used for one of the thickest virtual worlds today – 2nd Life.

After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. My guess is that Virwox is able to do this method since they are not directly selling you Bitcoins with Paypal but rather selling you SLL with Paypal which they can prove if you received (unlike Bitcoin since it’s anonymous in nature).

Things you should know about Virwox before we get embarked:

  • Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit primarily through Paypal or a credit card, here are the exact thresholds according to their website from April 24th 2016.
  • This process hold within it more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this. It’s significant for you to be aware of the different transaction fees.
  • VirWox is delaying fresh user transactions for up to forty eight hours. This means that it can take you two days to accomplish this process (still way quicker than using a wire transfer).
  • If you still don’t receive the Bitcoins after forty eight hours (which is very unusual) you can contact Virwox at [email protected]

If you find yourself getting stuck at any point don’t hesitate to contact me through the contact form on the site.

1. Go to VirWox.

VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more. It has more than 400,000 registered users and is a 2nd Life Lindens authorized reseller.

Two. Open a free account

Click on the “not registered yet” on the top of the left sidebar to open up a fresh account as shown here:

Trio. Pack out our individual details

Pack out your username and email address. Where it asks for “avatar name” just leave it at “No Avatar”, it doesn’t matter, since you’re not going to play 2nd Life.

Four. Activate your account

Five. Significant. Switch your password!

Do not worry about the message telling “Your avatar connection has not been validated yet” – it is irrelevant.

6. Fund your account through PayPal

Note: From now on for each transaction you will make there will be a fee – make sure you are aware of the relevant deposit and withdrawal fees.

7. Buy SLL with USD

Note: If you haven’t made a deposit yet you will get the screen shown above requesting you to deposit before you buy SLL.

8. Buy BTC with SLL

9. Withdraw your Bitcoins

Will this method actually work ?

Most likely yes. I’m telling very likely because I have received a handful of emails from people who weren’t able to get their Bitcoins. having said that, from all of the people who didn’t get their coins I haven’t gotten one email stating their money wasn’t returned to them. So yes, the process is a bit irritating but I have been using this method since two thousand thirteen and it hasn’t failed me yet.

How much fees will be deducted from my deposit ?

This is most likely the 2nd most asked question I get. It’s significant to understand that when you buy Bitcoins through Virwox you are actually conducting two transactions. USD to SLL and SLL to BTC. This means you’ll need to pay a fee for each of these transactions.

The problem is that Virwox’s fee structure is always switching that is why I advise to check each case in person before proceeding. There is a pretty cool site which shows you the current BTC/USD rate after all of Virwox’s fees. I’m not sure how reliable the site is but you can check it out for yourself here.

Are there any other methods to buy Bitcoin with Paypal other than Virowx?

Yes. However Virwox has been around for the longest time and therefor is the most reliable. If you proceed reading this post I will cover four more methods that you can use but each of them has its pros and cons.

Buy Bitcoins with Paypal through Local Bitcoins

Pros: Broad diversity of sellers from around the world

Cons: High fees, chance of scam

At the time of writing this paragraph (April 2015) this is the only known way to buy Bitcoins with Paypal. If you’re still looking for extra ways you can take a look at LocalBitcoins and attempt to find sellers that perhaps will be willing to sell you Bitcoin with Paypal.

Local Bitcoins, unlike Virwox is a marketplace where buyers and sellers meet. If you use this option you’ll be dealing with an actual person which means that credibility also comes into play. The way you can use Local Bitcoins to buy Bitcoins with Paypal is by finding a person that is willing to sell them to you. But since the seller is taking a big risk (as I explained in the beginning of this post) the will usually charge a indeed big premium (most of the times this will be more expensive than Virwox). The upside is that you will usually get your Bitcoins swifter.

1. Come in your search parameters

The very first step will be to go to Local Bitcoins and inject how much you want to buy and from which country. Since Local Bitcoins was originally made for people to meet face to face there is no “worldwide” search which is a shame. This means that there is no way to see all of the people who are willing to sell you will Paypal worldwide other then going through each country one at a time.

Two. Choose your seller

On the next screen you’ll see a list of available sellers, you can now browse them one by one. Here are the things to take into account: Feedback score – Located under the seller’s name. It’s advised to conduct transactions only with high feedback sellers.

Trade boundaries – Each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.

Payment window – How much time you have for paying the purchase and marking the payment done after you initiate a trade. It’s also super significant to read the terms of trade for the specific seller located on the right side. Here’s an example:

Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some petite transactions just to get reputation.

Trio. Finish the trade

Once you’ve found your seller just come in how much you will to buy and click on “Send trade request”.

Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales). This method is quicker the Virwox but it can take you a lot of time to build up enough reputation, find your seller and also the premiums are indeed high (around %30 and more…).

Buy Bitcoin with Paypal through E-coin

Cons: Requires a long time to finish (around ten days)

E-coin is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card you can use E-coin’s card with your Paypal account. In order to buy Bitcoins with your e-coin debit card here’s what you’ll need to do:

1.Order a physical / virtual debit card from e-coin

Go to E-coin. Click on “request fresh card” and choose the type of card you want. It’s possible to buy Bitcoins with Paypal through both cards (physical and virtual).

A Virtual card should cost around $Three and will be enough for this process.

Two. Connect that debit card to your Paypal account and verify it

Inwards your Paypal account, go to “Wallet” -> “Add a card” and add your freshly acquired virtual Bitcoin credit card.

One the card is added you will need to verify it. In order to verify the card you’ll need to have a balance of at least $Three on it so that Paypal will be able to charge you. Once Paypal charges you, you will see a four digit code next to that transaction on your e-coin account. That four digit code in the verification pin for your card on Paypal.

Trio. Deposit funds to your Paypal account

I’ll assume you know how to do that 🙂

Four. Withdraw funds from your Paypal account to your e-coin account

Go to “Wallet” -> “Withdraw funds” and choose the “withdraw funds to your card” option.

Make sure to choose your e-coin card. The withdrawal can take up to seven days to show up in your e-coin account.

Five. Buy Bitcoins with your funded e-coin debit card

Now that your e-coin card has funds in it, you can use them to buy Bitcoins.

The entire process can take some time as verifying your E-coin card with Paypal takes some times and withdrawing the funds can take up to seven business days depending on where you live.

Buy Bitcoins with Paypal through Paxful

Pros: Broad diversity of sellers from around the world

Cons: High exchange rate, chance of scam

Paxful is the smaller less known version of LocalBitcoins. It’s a peer to peer marketplace that permits you to buy Bitcoins with almost anything (e.g. Skype credits, Amazon bounty cards). The process of buying Bitcoins at Paxful is pretty ordinary:

  1. Create an account
  2. Choose a payment method for buying and a desired amount
  3. Choose your seller – You can either choose by hand or let Paxful determine who is the best seller for you.

Once the trade initiates you will be sent in to an online talk with the seller where you can finalize the deal. The seller’s Bitcoins will be sent into Escrow and once you mark that you’ve sent your payment they will be released into your account. Keep in mind that if you don’t finalize the deal within a certain timeframe (usually thirty minutes) the deal will be auto-cancelled.

Buy Bitcoins with Paypal Through Cryptonit

Cons: Unestablished company, requires verification

Cryptonit is a cryptocurrency exchange that permits you to deposit funds through Paypal as well as many other payment form like Skrill and a credit card. However unlike Virwox, you will need to go through a verification process in order to qualify for Paypal deposit.

The verification process includes the following:

  • A copy of a government issues photo id
  • An address verification document like a utility bill or rental agreement
  • A photo of you holding these documents or a Skype movie call with someone from Cryptonit

Five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

Table of Contents

One of the largest issues today in Bitcoin is the fact that you can’t buy it very lightly. Even tho’ Paypal has been very favourable of Bitcoin in the past two years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2016.

Why won’t Paypal permit this ? Plain. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a brief movie illustrating this).

Post summary:

  1. Go to Virwox
  2. Deposit money to your account with Paypal
  3. Buy SLL on the SLL/USD exchange
  4. Buy Bitcoins with your freshly purchased SLL on the SLL/BTC exchange
  5. Withdraw your Bitcoins

And now for a more detailed explanation and some extra options…

Bitcoin exchanges

Virwox

Local Bitcoins

E-Coin (Wirex)

Paxful

Cryptonit

Coinbase

Buy Bitcoins with PayPal through Virwox

Pros: A reliable method that has been around for a long time.

Now since no exchange presently permits a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (2nd Life Linden Dollars), This currency is used for one of the largest virtual worlds today – 2nd Life.

After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. My guess is that Virwox is able to do this method since they are not directly selling you Bitcoins with Paypal but rather selling you SLL with Paypal which they can prove if you received (unlike Bitcoin since it’s anonymous in nature).

Things you should know about Virwox before we get began:

  • Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit originally through Paypal or a credit card, here are the exact boundaries according to their website from April 24th 2016.
  • This process hold within it more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this. It’s significant for you to be aware of the different transaction fees.
  • VirWox is delaying fresh user transactions for up to forty eight hours. This means that it can take you two days to accomplish this process (still way swifter than using a wire transfer).
  • If you still don’t receive the Bitcoins after forty eight hours (which is very unusual) you can contact Virwox at [email protected]

If you find yourself getting stuck at any point don’t hesitate to contact me through the contact form on the site.

1. Go to VirWox.

VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more. It has more than 400,000 registered users and is a 2nd Life Lindens authorized reseller.

Two. Open a free account

Click on the “not registered yet” on the top of the left sidebar to open up a fresh account as shown here:

Trio. Pack out our individual details

Pack out your username and email address. Where it asks for “avatar name” just leave it at “No Avatar”, it doesn’t matter, since you’re not going to play 2nd Life.

Four. Activate your account

Five. Significant. Switch your password!

Do not worry about the message telling “Your avatar connection has not been validated yet” – it is irrelevant.

6. Fund your account through PayPal

Note: From now on for each transaction you will make there will be a fee – make sure you are aware of the relevant deposit and withdrawal fees.

7. Buy SLL with USD

Note: If you haven’t made a deposit yet you will get the screen shown above requesting you to deposit before you buy SLL.

8. Buy BTC with SLL

9. Withdraw your Bitcoins

Will this method actually work ?

Most likely yes. I’m telling most likely because I have received a handful of emails from people who weren’t able to get their Bitcoins. having said that, from all of the people who didn’t get their coins I haven’t gotten one email stating their money wasn’t returned to them. So yes, the process is a bit irritating but I have been using this method since two thousand thirteen and it hasn’t failed me yet.

How much fees will be deducted from my deposit ?

This is most likely the 2nd most asked question I get. It’s significant to understand that when you buy Bitcoins through Virwox you are actually conducting two transactions. USD to SLL and SLL to BTC. This means you’ll need to pay a fee for each of these transactions.

The problem is that Virwox’s fee structure is always switching that is why I advise to check each case in person before proceeding. There is a pretty cool site which shows you the current BTC/USD rate after all of Virwox’s fees. I’m not sure how reliable the site is but you can check it out for yourself here.

Are there any other methods to buy Bitcoin with Paypal other than Virowx?

Yes. However Virwox has been around for the longest time and therefor is the most reliable. If you proceed reading this post I will cover four more methods that you can use but each of them has its pros and cons.

Buy Bitcoins with Paypal through Local Bitcoins

Pros: Broad multitude of sellers from around the world

Cons: High fees, chance of scam

At the time of writing this paragraph (April 2015) this is the only known way to buy Bitcoins with Paypal. If you’re still looking for extra ways you can take a look at LocalBitcoins and attempt to find sellers that perhaps will be willing to sell you Bitcoin with Paypal.

Local Bitcoins, unlike Virwox is a marketplace where buyers and sellers meet. If you use this option you’ll be dealing with an actual person which means that credibility also comes into play. The way you can use Local Bitcoins to buy Bitcoins with Paypal is by finding a person that is willing to sell them to you. But since the seller is taking a big risk (as I explained in the beginning of this post) the will usually charge a truly big premium (most of the times this will be more expensive than Virwox). The upside is that you will usually get your Bitcoins quicker.

1. Come in your search parameters

The very first step will be to go to Local Bitcoins and come in how much you want to buy and from which country. Since Local Bitcoins was originally made for people to meet face to face there is no “worldwide” search which is a shame. This means that there is no way to see all of the people who are willing to sell you will Paypal worldwide other then going through each country one at a time.

Two. Choose your seller

On the next screen you’ll see a list of available sellers, you can now browse them one by one. Here are the things to take into account: Feedback score – Located under the seller’s name. It’s advised to conduct transactions only with high feedback sellers.

Trade thresholds – Each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.

Payment window – How much time you have for paying the purchase and marking the payment done after you initiate a trade. It’s also super significant to read the terms of trade for the specific seller located on the right side. Here’s an example:

Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some petite transactions just to get reputation.

Trio. Finish the trade

Once you’ve found your seller just inject how much you will to buy and click on “Send trade request”.

Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales). This method is swifter the Virwox but it can take you a lot of time to build up enough reputation, find your seller and also the premiums are truly high (around %30 and more…).

Buy Bitcoin with Paypal through E-coin

Cons: Requires a long time to finish (around ten days)

E-coin is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card you can use E-coin’s card with your Paypal account. In order to buy Bitcoins with your e-coin debit card here’s what you’ll need to do:

1.Order a physical / virtual debit card from e-coin

Go to E-coin. Click on “request fresh card” and choose the type of card you want. It’s possible to buy Bitcoins with Paypal through both cards (physical and virtual).

A Virtual card should cost around $Three and will be enough for this process.

Two. Connect that debit card to your Paypal account and verify it

Inwards your Paypal account, go to “Wallet” -> “Add a card” and add your freshly acquired virtual Bitcoin credit card.

One the card is added you will need to verify it. In order to verify the card you’ll need to have a balance of at least $Three on it so that Paypal will be able to charge you. Once Paypal charges you, you will see a four digit code next to that transaction on your e-coin account. That four digit code in the verification pin for your card on Paypal.

Trio. Deposit funds to your Paypal account

I’ll assume you know how to do that 🙂

Four. Withdraw funds from your Paypal account to your e-coin account

Go to “Wallet” -> “Withdraw funds” and choose the “withdraw funds to your card” option.

Make sure to choose your e-coin card. The withdrawal can take up to seven days to show up in your e-coin account.

Five. Buy Bitcoins with your funded e-coin debit card

Now that your e-coin card has funds in it, you can use them to buy Bitcoins.

The entire process can take some time as verifying your E-coin card with Paypal takes some times and withdrawing the funds can take up to seven business days depending on where you live.

Buy Bitcoins with Paypal through Paxful

Pros: Broad multitude of sellers from around the world

Cons: High exchange rate, chance of scam

Paxful is the smaller less known version of LocalBitcoins. It’s a peer to peer marketplace that permits you to buy Bitcoins with almost anything (e.g. Skype credits, Amazon bounty cards). The process of buying Bitcoins at Paxful is pretty elementary:

  1. Create an account
  2. Choose a payment method for buying and a desired amount
  3. Choose your seller – You can either choose by hand or let Paxful determine who is the best seller for you.

Once the trade initiates you will be sent in to an online talk with the seller where you can finalize the deal. The seller’s Bitcoins will be sent into Escrow and once you mark that you’ve sent your payment they will be released into your account. Keep in mind that if you don’t finalize the deal within a certain timeframe (usually thirty minutes) the deal will be auto-cancelled.

Buy Bitcoins with Paypal Through Cryptonit

Cons: Unestablished company, requires verification

Cryptonit is a cryptocurrency exchange that permits you to deposit funds through Paypal as well as many other payment form like Skrill and a credit card. However unlike Virwox, you will need to go through a verification process in order to qualify for Paypal deposit.

The verification process includes the following:

  • A copy of a government issues photo id
  • An address verification document like a utility bill or rental agreement
  • A photo of you holding these documents or a Skype movie call with someone from Cryptonit

Five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

Table of Contents

One of the fattest issues today in Bitcoin is the fact that you can’t buy it very lightly. Even tho’ Paypal has been very favourable of Bitcoin in the past two years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2016.

Why won’t Paypal permit this ? Ordinary. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a brief movie illustrating this).

Post summary:

  1. Go to Virwox
  2. Deposit money to your account with Paypal
  3. Buy SLL on the SLL/USD exchange
  4. Buy Bitcoins with your freshly purchased SLL on the SLL/BTC exchange
  5. Withdraw your Bitcoins

And now for a more detailed explanation and some extra options…

Bitcoin exchanges

Virwox

Local Bitcoins

E-Coin (Wirex)

Paxful

Cryptonit

Coinbase

Buy Bitcoins with PayPal through Virwox

Pros: A reliable method that has been around for a long time.

Now since no exchange presently permits a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (2nd Life Linden Dollars), This currency is used for one of the largest virtual worlds today – 2nd Life.

After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. My guess is that Virwox is able to do this method since they are not directly selling you Bitcoins with Paypal but rather selling you SLL with Paypal which they can prove if you received (unlike Bitcoin since it’s anonymous in nature).

Things you should know about Virwox before we get began:

  • Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit primarily through Paypal or a credit card, here are the exact thresholds according to their website from April 24th 2016.
  • This process hold within it more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this. It’s significant for you to be aware of the different transaction fees.
  • VirWox is delaying fresh user transactions for up to forty eight hours. This means that it can take you two days to finish this process (still way quicker than using a wire transfer).
  • If you still don’t receive the Bitcoins after forty eight hours (which is very unusual) you can contact Virwox at [email protected]

If you find yourself getting stuck at any point don’t hesitate to contact me through the contact form on the site.

1. Go to VirWox.

VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more. It has more than 400,000 registered users and is a 2nd Life Lindens authorized reseller.

Two. Open a free account

Click on the “not registered yet” on the top of the left sidebar to open up a fresh account as shown here:

Trio. Pack out our private details

Pack out your username and email address. Where it asks for “avatar name” just leave it at “No Avatar”, it doesn’t matter, since you’re not going to play 2nd Life.

Four. Activate your account

Five. Significant. Switch your password!

Do not worry about the message telling “Your avatar connection has not been validated yet” – it is irrelevant.

6. Fund your account through PayPal

Note: From now on for each transaction you will make there will be a fee – make sure you are aware of the relevant deposit and withdrawal fees.

7. Buy SLL with USD

Note: If you haven’t made a deposit yet you will get the screen shown above requesting you to deposit before you buy SLL.

8. Buy BTC with SLL

9. Withdraw your Bitcoins

Will this method actually work ?

Very likely yes. I’m telling very likely because I have received a handful of emails from people who weren’t able to get their Bitcoins. having said that, from all of the people who didn’t get their coins I haven’t gotten one email stating their money wasn’t returned to them. So yes, the process is a bit irritating but I have been using this method since two thousand thirteen and it hasn’t failed me yet.

How much fees will be deducted from my deposit ?

This is very likely the 2nd most asked question I get. It’s significant to understand that when you buy Bitcoins through Virwox you are actually conducting two transactions. USD to SLL and SLL to BTC. This means you’ll need to pay a fee for each of these transactions.

The problem is that Virwox’s fee structure is always switching that is why I advise to check each case in person before proceeding. There is a pretty cool site which shows you the current BTC/USD rate after all of Virwox’s fees. I’m not sure how reliable the site is but you can check it out for yourself here.

Are there any other methods to buy Bitcoin with Paypal other than Virowx?

Yes. However Virwox has been around for the longest time and therefor is the most reliable. If you proceed reading this post I will cover four more methods that you can use but each of them has its pros and cons.

Buy Bitcoins with Paypal through Local Bitcoins

Pros: Broad diversity of sellers from around the world

Cons: High fees, chance of scam

At the time of writing this paragraph (April 2015) this is the only known way to buy Bitcoins with Paypal. If you’re still looking for extra ways you can take a look at LocalBitcoins and attempt to find sellers that perhaps will be willing to sell you Bitcoin with Paypal.

Local Bitcoins, unlike Virwox is a marketplace where buyers and sellers meet. If you use this option you’ll be dealing with an actual person which means that credibility also comes into play. The way you can use Local Bitcoins to buy Bitcoins with Paypal is by finding a person that is willing to sell them to you. But since the seller is taking a big risk (as I explained in the beginning of this post) the will usually charge a indeed big premium (most of the times this will be more expensive than Virwox). The upside is that you will usually get your Bitcoins quicker.

1. Inject your search parameters

The very first step will be to go to Local Bitcoins and come in how much you want to buy and from which country. Since Local Bitcoins was originally made for people to meet face to face there is no “worldwide” search which is a shame. This means that there is no way to see all of the people who are willing to sell you will Paypal worldwide other then going through each country one at a time.

Two. Choose your seller

On the next screen you’ll see a list of available sellers, you can now browse them one by one. Here are the things to take into account: Feedback score – Located under the seller’s name. It’s advised to conduct transactions only with high feedback sellers.

Trade boundaries – Each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.

Payment window – How much time you have for paying the purchase and marking the payment done after you initiate a trade. It’s also super significant to read the terms of trade for the specific seller located on the right side. Here’s an example:

Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some puny transactions just to get reputation.

Three. Accomplish the trade

Once you’ve found your seller just come in how much you will to buy and click on “Send trade request”.

Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales). This method is swifter the Virwox but it can take you a lot of time to build up enough reputation, find your seller and also the premiums are truly high (around %30 and more…).

Buy Bitcoin with Paypal through E-coin

Cons: Requires a long time to finish (around ten days)

E-coin is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card you can use E-coin’s card with your Paypal account. In order to buy Bitcoins with your e-coin debit card here’s what you’ll need to do:

1.Order a physical / virtual debit card from e-coin

Go to E-coin. Click on “request fresh card” and choose the type of card you want. It’s possible to buy Bitcoins with Paypal through both cards (physical and virtual).

A Virtual card should cost around $Three and will be enough for this process.

Two. Connect that debit card to your Paypal account and verify it

Inwards your Paypal account, go to “Wallet” -> “Add a card” and add your freshly acquired virtual Bitcoin credit card.

One the card is added you will need to verify it. In order to verify the card you’ll need to have a balance of at least $Trio on it so that Paypal will be able to charge you. Once Paypal charges you, you will see a four digit code next to that transaction on your e-coin account. That four digit code in the verification pin for your card on Paypal.

Trio. Deposit funds to your Paypal account

I’ll assume you know how to do that 🙂

Four. Withdraw funds from your Paypal account to your e-coin account

Go to “Wallet” -> “Withdraw funds” and choose the “withdraw funds to your card” option.

Make sure to choose your e-coin card. The withdrawal can take up to seven days to emerge in your e-coin account.

Five. Buy Bitcoins with your funded e-coin debit card

Now that your e-coin card has funds in it, you can use them to buy Bitcoins.

The entire process can take some time as verifying your E-coin card with Paypal takes some times and withdrawing the funds can take up to seven business days depending on where you live.

Buy Bitcoins with Paypal through Paxful

Pros: Broad diversity of sellers from around the world

Cons: High exchange rate, chance of scam

Paxful is the smaller less known version of LocalBitcoins. It’s a peer to peer marketplace that permits you to buy Bitcoins with almost anything (e.g. Skype credits, Amazon bounty cards). The process of buying Bitcoins at Paxful is pretty plain:

  1. Create an account
  2. Choose a payment method for buying and a desired amount
  3. Choose your seller – You can either choose by hand or let Paxful determine who is the best seller for you.

Once the trade initiates you will be sent in to an online talk with the seller where you can finalize the deal. The seller’s Bitcoins will be sent into Escrow and once you mark that you’ve sent your payment they will be released into your account. Keep in mind that if you don’t finalize the deal within a certain timeframe (usually thirty minutes) the deal will be auto-cancelled.

Buy Bitcoins with Paypal Through Cryptonit

Cons: Unestablished company, requires verification

Cryptonit is a cryptocurrency exchange that permits you to deposit funds through Paypal as well as many other payment form like Skrill and a credit card. However unlike Virwox, you will need to go through a verification process in order to qualify for Paypal deposit.

The verification process includes the following:

  • A copy of a government issues photo id
  • An address verification document like a utility bill or rental agreement
  • A photo of you holding these documents or a Skype movie call with someone from Cryptonit

Five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

Table of Contents

One of the thickest issues today in Bitcoin is the fact that you can’t buy it very lightly. Even tho’ Paypal has been very favourable of Bitcoin in the past two years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2016.

Why won’t Paypal permit this ? Elementary. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a brief movie illustrating this).

Post summary:

  1. Go to Virwox
  2. Deposit money to your account with Paypal
  3. Buy SLL on the SLL/USD exchange
  4. Buy Bitcoins with your freshly purchased SLL on the SLL/BTC exchange
  5. Withdraw your Bitcoins

And now for a more detailed explanation and some extra options…

Bitcoin exchanges

Virwox

Local Bitcoins

E-Coin (Wirex)

Paxful

Cryptonit

Coinbase

Buy Bitcoins with PayPal through Virwox

Pros: A reliable method that has been around for a long time.

Now since no exchange presently permits a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (2nd Life Linden Dollars), This currency is used for one of the thickest virtual worlds today – 2nd Life.

After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. My guess is that Virwox is able to do this method since they are not directly selling you Bitcoins with Paypal but rather selling you SLL with Paypal which they can prove if you received (unlike Bitcoin since it’s anonymous in nature).

Things you should know about Virwox before we get commenced:

  • Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit primarily through Paypal or a credit card, here are the exact boundaries according to their website from April 24th 2016.
  • This process hold within it more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this. It’s significant for you to be aware of the different transaction fees.
  • VirWox is delaying fresh user transactions for up to forty eight hours. This means that it can take you two days to accomplish this process (still way swifter than using a wire transfer).
  • If you still don’t receive the Bitcoins after forty eight hours (which is very unusual) you can contact Virwox at [email protected]

If you find yourself getting stuck at any point don’t hesitate to contact me through the contact form on the site.

1. Go to VirWox.

VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more. It has more than 400,000 registered users and is a 2nd Life Lindens authorized reseller.

Two. Open a free account

Click on the “not registered yet” on the top of the left sidebar to open up a fresh account as shown here:

Trio. Pack out our private details

Pack out your username and email address. Where it asks for “avatar name” just leave it at “No Avatar”, it doesn’t matter, since you’re not going to play 2nd Life.

Four. Activate your account

Five. Significant. Switch your password!

Do not worry about the message telling “Your avatar connection has not been validated yet” – it is irrelevant.

6. Fund your account through PayPal

Note: From now on for each transaction you will make there will be a fee – make sure you are aware of the relevant deposit and withdrawal fees.

7. Buy SLL with USD

Note: If you haven’t made a deposit yet you will get the screen shown above requesting you to deposit before you buy SLL.

8. Buy BTC with SLL

9. Withdraw your Bitcoins

Will this method actually work ?

Very likely yes. I’m telling very likely because I have received a handful of emails from people who weren’t able to get their Bitcoins. having said that, from all of the people who didn’t get their coins I haven’t gotten one email stating their money wasn’t returned to them. So yes, the process is a bit irritating but I have been using this method since two thousand thirteen and it hasn’t failed me yet.

How much fees will be deducted from my deposit ?

This is very likely the 2nd most asked question I get. It’s significant to understand that when you buy Bitcoins through Virwox you are actually conducting two transactions. USD to SLL and SLL to BTC. This means you’ll need to pay a fee for each of these transactions.

The problem is that Virwox’s fee structure is always switching that is why I advise to check each case in person before proceeding. There is a pretty cool site which shows you the current BTC/USD rate after all of Virwox’s fees. I’m not sure how reliable the site is but you can check it out for yourself here.

Are there any other methods to buy Bitcoin with Paypal other than Virowx?

Yes. However Virwox has been around for the longest time and therefor is the most reliable. If you proceed reading this post I will cover four more methods that you can use but each of them has its pros and cons.

Buy Bitcoins with Paypal through Local Bitcoins

Pros: Broad multitude of sellers from around the world

Cons: High fees, chance of scam

At the time of writing this paragraph (April 2015) this is the only known way to buy Bitcoins with Paypal. If you’re still looking for extra ways you can take a look at LocalBitcoins and attempt to find sellers that perhaps will be willing to sell you Bitcoin with Paypal.

Local Bitcoins, unlike Virwox is a marketplace where buyers and sellers meet. If you use this option you’ll be dealing with an actual person which means that credibility also comes into play. The way you can use Local Bitcoins to buy Bitcoins with Paypal is by finding a person that is willing to sell them to you. But since the seller is taking a big risk (as I explained in the beginning of this post) the will usually charge a indeed big premium (most of the times this will be more expensive than Virwox). The upside is that you will usually get your Bitcoins swifter.

1. Come in your search parameters

The very first step will be to go to Local Bitcoins and inject how much you want to buy and from which country. Since Local Bitcoins was originally made for people to meet face to face there is no “worldwide” search which is a shame. This means that there is no way to see all of the people who are willing to sell you will Paypal worldwide other then going through each country one at a time.

Two. Choose your seller

On the next screen you’ll see a list of available sellers, you can now browse them one by one. Here are the things to take into account: Feedback score – Located under the seller’s name. It’s advised to conduct transactions only with high feedback sellers.

Trade thresholds – Each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.

Payment window – How much time you have for paying the purchase and marking the payment done after you initiate a trade. It’s also super significant to read the terms of trade for the specific seller located on the right side. Here’s an example:

Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some puny transactions just to get reputation.

Trio. Accomplish the trade

Once you’ve found your seller just come in how much you will to buy and click on “Send trade request”.

Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales). This method is quicker the Virwox but it can take you a lot of time to build up enough reputation, find your seller and also the premiums are indeed high (around %30 and more…).

Buy Bitcoin with Paypal through E-coin

Cons: Requires a long time to accomplish (around ten days)

E-coin is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card you can use E-coin’s card with your Paypal account. In order to buy Bitcoins with your e-coin debit card here’s what you’ll need to do:

1.Order a physical / virtual debit card from e-coin

Go to E-coin. Click on “request fresh card” and choose the type of card you want. It’s possible to buy Bitcoins with Paypal through both cards (physical and virtual).

A Virtual card should cost around $Three and will be enough for this process.

Two. Connect that debit card to your Paypal account and verify it

Inwards your Paypal account, go to “Wallet” -> “Add a card” and add your freshly acquired virtual Bitcoin credit card.

One the card is added you will need to verify it. In order to verify the card you’ll need to have a balance of at least $Trio on it so that Paypal will be able to charge you. Once Paypal charges you, you will see a four digit code next to that transaction on your e-coin account. That four digit code in the verification pin for your card on Paypal.

Trio. Deposit funds to your Paypal account

I’ll assume you know how to do that 🙂

Four. Withdraw funds from your Paypal account to your e-coin account

Go to “Wallet” -> “Withdraw funds” and choose the “withdraw funds to your card” option.

Make sure to choose your e-coin card. The withdrawal can take up to seven days to emerge in your e-coin account.

Five. Buy Bitcoins with your funded e-coin debit card

Now that your e-coin card has funds in it, you can use them to buy Bitcoins.

The entire process can take some time as verifying your E-coin card with Paypal takes some times and withdrawing the funds can take up to seven business days depending on where you live.

Buy Bitcoins with Paypal through Paxful

Pros: Broad diversity of sellers from around the world

Cons: High exchange rate, chance of scam

Paxful is the smaller less known version of LocalBitcoins. It’s a peer to peer marketplace that permits you to buy Bitcoins with almost anything (e.g. Skype credits, Amazon bounty cards). The process of buying Bitcoins at Paxful is pretty elementary:

  1. Create an account
  2. Choose a payment method for buying and a desired amount
  3. Choose your seller – You can either choose by hand or let Paxful determine who is the best seller for you.

Once the trade initiates you will be sent in to an online talk with the seller where you can finalize the deal. The seller’s Bitcoins will be sent into Escrow and once you mark that you’ve sent your payment they will be released into your account. Keep in mind that if you don’t finalize the deal within a certain timeframe (usually thirty minutes) the deal will be auto-cancelled.

Buy Bitcoins with Paypal Through Cryptonit

Cons: Unestablished company, requires verification

Cryptonit is a cryptocurrency exchange that permits you to deposit funds through Paypal as well as many other payment form like Skrill and a credit card. However unlike Virwox, you will need to go through a verification process in order to qualify for Paypal deposit.

The verification process includes the following:

  • A copy of a government issues photo id
  • An address verification document like a utility bill or rental agreement
  • A photo of you holding these documents or a Skype movie call with someone from Cryptonit

Five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

Table of Contents

One of the thickest issues today in Bitcoin is the fact that you can’t buy it very lightly. Even however Paypal has been very favourable of Bitcoin in the past two years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2016.

Why won’t Paypal permit this ? Elementary. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a brief movie illustrating this).

Post summary:

  1. Go to Virwox
  2. Deposit money to your account with Paypal
  3. Buy SLL on the SLL/USD exchange
  4. Buy Bitcoins with your freshly purchased SLL on the SLL/BTC exchange
  5. Withdraw your Bitcoins

And now for a more detailed explanation and some extra options…

Bitcoin exchanges

Virwox

Local Bitcoins

E-Coin (Wirex)

Paxful

Cryptonit

Coinbase

Buy Bitcoins with PayPal through Virwox

Pros: A reliable method that has been around for a long time.

Now since no exchange presently permits a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (2nd Life Linden Dollars), This currency is used for one of the thickest virtual worlds today – 2nd Life.

After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. My guess is that Virwox is able to do this method since they are not directly selling you Bitcoins with Paypal but rather selling you SLL with Paypal which they can prove if you received (unlike Bitcoin since it’s anonymous in nature).

Things you should know about Virwox before we get embarked:

  • Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit primarily through Paypal or a credit card, here are the exact thresholds according to their website from April 24th 2016.
  • This process hold within it more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this. It’s significant for you to be aware of the different transaction fees.
  • VirWox is delaying fresh user transactions for up to forty eight hours. This means that it can take you two days to accomplish this process (still way quicker than using a wire transfer).
  • If you still don’t receive the Bitcoins after forty eight hours (which is very unusual) you can contact Virwox at [email protected]

If you find yourself getting stuck at any point don’t hesitate to contact me through the contact form on the site.

1. Go to VirWox.

VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more. It has more than 400,000 registered users and is a 2nd Life Lindens authorized reseller.

Two. Open a free account

Click on the “not registered yet” on the top of the left sidebar to open up a fresh account as shown here:

Three. Pack out our private details

Pack out your username and email address. Where it asks for “avatar name” just leave it at “No Avatar”, it doesn’t matter, since you’re not going to play 2nd Life.

Four. Activate your account

Five. Significant. Switch your password!

Do not worry about the message telling “Your avatar connection has not been validated yet” – it is irrelevant.

6. Fund your account through PayPal

Note: From now on for each transaction you will make there will be a fee – make sure you are aware of the relevant deposit and withdrawal fees.

7. Buy SLL with USD

Note: If you haven’t made a deposit yet you will get the screen shown above requesting you to deposit before you buy SLL.

8. Buy BTC with SLL

9. Withdraw your Bitcoins

Will this method actually work ?

Very likely yes. I’m telling very likely because I have received a handful of emails from people who weren’t able to get their Bitcoins. having said that, from all of the people who didn’t get their coins I haven’t gotten one email stating their money wasn’t returned to them. So yes, the process is a bit irritating but I have been using this method since two thousand thirteen and it hasn’t failed me yet.

How much fees will be deducted from my deposit ?

This is most likely the 2nd most asked question I get. It’s significant to understand that when you buy Bitcoins through Virwox you are actually conducting two transactions. USD to SLL and SLL to BTC. This means you’ll need to pay a fee for each of these transactions.

The problem is that Virwox’s fee structure is always switching that is why I advise to check each case in person before proceeding. There is a pretty cool site which shows you the current BTC/USD rate after all of Virwox’s fees. I’m not sure how reliable the site is but you can check it out for yourself here.

Are there any other methods to buy Bitcoin with Paypal other than Virowx?

Yes. However Virwox has been around for the longest time and therefor is the most reliable. If you proceed reading this post I will cover four more methods that you can use but each of them has its pros and cons.

Buy Bitcoins with Paypal through Local Bitcoins

Pros: Broad multitude of sellers from around the world

Cons: High fees, chance of scam

At the time of writing this paragraph (April 2015) this is the only known way to buy Bitcoins with Paypal. If you’re still looking for extra ways you can take a look at LocalBitcoins and attempt to find sellers that perhaps will be willing to sell you Bitcoin with Paypal.

Local Bitcoins, unlike Virwox is a marketplace where buyers and sellers meet. If you use this option you’ll be dealing with an actual person which means that credibility also comes into play. The way you can use Local Bitcoins to buy Bitcoins with Paypal is by finding a person that is willing to sell them to you. But since the seller is taking a big risk (as I explained in the beginning of this post) the will usually charge a indeed big premium (most of the times this will be more expensive than Virwox). The upside is that you will usually get your Bitcoins swifter.

1. Inject your search parameters

The very first step will be to go to Local Bitcoins and come in how much you want to buy and from which country. Since Local Bitcoins was originally made for people to meet face to face there is no “worldwide” search which is a shame. This means that there is no way to see all of the people who are willing to sell you will Paypal worldwide other then going through each country one at a time.

Two. Choose your seller

On the next screen you’ll see a list of available sellers, you can now browse them one by one. Here are the things to take into account: Feedback score – Located under the seller’s name. It’s advised to conduct transactions only with high feedback sellers.

Trade boundaries – Each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.

Payment window – How much time you have for paying the purchase and marking the payment done after you initiate a trade. It’s also super significant to read the terms of trade for the specific seller located on the right side. Here’s an example:

Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some petite transactions just to get reputation.

Three. Finish the trade

Once you’ve found your seller just inject how much you will to buy and click on “Send trade request”.

Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales). This method is quicker the Virwox but it can take you a lot of time to build up enough reputation, find your seller and also the premiums are truly high (around %30 and more…).

Buy Bitcoin with Paypal through E-coin

Cons: Requires a long time to finish (around ten days)

E-coin is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card you can use E-coin’s card with your Paypal account. In order to buy Bitcoins with your e-coin debit card here’s what you’ll need to do:

1.Order a physical / virtual debit card from e-coin

Go to E-coin. Click on “request fresh card” and choose the type of card you want. It’s possible to buy Bitcoins with Paypal through both cards (physical and virtual).

A Virtual card should cost around $Trio and will be enough for this process.

Two. Connect that debit card to your Paypal account and verify it

Inwards your Paypal account, go to “Wallet” -> “Add a card” and add your freshly acquired virtual Bitcoin credit card.

One the card is added you will need to verify it. In order to verify the card you’ll need to have a balance of at least $Trio on it so that Paypal will be able to charge you. Once Paypal charges you, you will see a four digit code next to that transaction on your e-coin account. That four digit code in the verification pin for your card on Paypal.

Three. Deposit funds to your Paypal account

I’ll assume you know how to do that 🙂

Four. Withdraw funds from your Paypal account to your e-coin account

Go to “Wallet” -> “Withdraw funds” and choose the “withdraw funds to your card” option.

Make sure to choose your e-coin card. The withdrawal can take up to seven days to show up in your e-coin account.

Five. Buy Bitcoins with your funded e-coin debit card

Now that your e-coin card has funds in it, you can use them to buy Bitcoins.

The entire process can take some time as verifying your E-coin card with Paypal takes some times and withdrawing the funds can take up to seven business days depending on where you live.

Buy Bitcoins with Paypal through Paxful

Pros: Broad diversity of sellers from around the world

Cons: High exchange rate, chance of scam

Paxful is the smaller less known version of LocalBitcoins. It’s a peer to peer marketplace that permits you to buy Bitcoins with almost anything (e.g. Skype credits, Amazon bounty cards). The process of buying Bitcoins at Paxful is pretty elementary:

  1. Create an account
  2. Choose a payment method for buying and a desired amount
  3. Choose your seller – You can either choose by hand or let Paxful determine who is the best seller for you.

Once the trade initiates you will be sent in to an online talk with the seller where you can finalize the deal. The seller’s Bitcoins will be sent into Escrow and once you mark that you’ve sent your payment they will be released into your account. Keep in mind that if you don’t finalize the deal within a certain timeframe (usually thirty minutes) the deal will be auto-cancelled.

Buy Bitcoins with Paypal Through Cryptonit

Cons: Unestablished company, requires verification

Cryptonit is a cryptocurrency exchange that permits you to deposit funds through Paypal as well as many other payment form like Skrill and a credit card. However unlike Virwox, you will need to go through a verification process in order to qualify for Paypal deposit.

The verification process includes the following:

  • A copy of a government issues photo id
  • An address verification document like a utility bill or rental agreement
  • A photo of you holding these documents or a Skype movie call with someone from Cryptonit

Five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

Table of Contents

One of the largest issues today in Bitcoin is the fact that you can’t buy it very lightly. Even tho’ Paypal has been very favourable of Bitcoin in the past two years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2016.

Why won’t Paypal permit this ? Ordinary. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a brief movie illustrating this).

Post summary:

  1. Go to Virwox
  2. Deposit money to your account with Paypal
  3. Buy SLL on the SLL/USD exchange
  4. Buy Bitcoins with your freshly purchased SLL on the SLL/BTC exchange
  5. Withdraw your Bitcoins

And now for a more detailed explanation and some extra options…

Bitcoin exchanges

Virwox

Local Bitcoins

E-Coin (Wirex)

Paxful

Cryptonit

Coinbase

Buy Bitcoins with PayPal through Virwox

Pros: A reliable method that has been around for a long time.

Now since no exchange presently permits a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (2nd Life Linden Dollars), This currency is used for one of the fattest virtual worlds today – 2nd Life.

After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. My guess is that Virwox is able to do this method since they are not directly selling you Bitcoins with Paypal but rather selling you SLL with Paypal which they can prove if you received (unlike Bitcoin since it’s anonymous in nature).

Things you should know about Virwox before we get embarked:

  • Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit primarily through Paypal or a credit card, here are the exact boundaries according to their website from April 24th 2016.
  • This process hold within it more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this. It’s significant for you to be aware of the different transaction fees.
  • VirWox is delaying fresh user transactions for up to forty eight hours. This means that it can take you two days to finish this process (still way quicker than using a wire transfer).
  • If you still don’t receive the Bitcoins after forty eight hours (which is very unusual) you can contact Virwox at [email protected]

If you find yourself getting stuck at any point don’t hesitate to contact me through the contact form on the site.

1. Go to VirWox.

VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more. It has more than 400,000 registered users and is a 2nd Life Lindens authorized reseller.

Two. Open a free account

Click on the “not registered yet” on the top of the left sidebar to open up a fresh account as shown here:

Trio. Pack out our private details

Pack out your username and email address. Where it asks for “avatar name” just leave it at “No Avatar”, it doesn’t matter, since you’re not going to play 2nd Life.

Four. Activate your account

Five. Significant. Switch your password!

Do not worry about the message telling “Your avatar connection has not been validated yet” – it is irrelevant.

6. Fund your account through PayPal

Note: From now on for each transaction you will make there will be a fee – make sure you are aware of the relevant deposit and withdrawal fees.

7. Buy SLL with USD

Note: If you haven’t made a deposit yet you will get the screen shown above requesting you to deposit before you buy SLL.

8. Buy BTC with SLL

9. Withdraw your Bitcoins

Will this method actually work ?

Most likely yes. I’m telling most likely because I have received a handful of emails from people who weren’t able to get their Bitcoins. having said that, from all of the people who didn’t get their coins I haven’t gotten one email stating their money wasn’t returned to them. So yes, the process is a bit irritating but I have been using this method since two thousand thirteen and it hasn’t failed me yet.

How much fees will be deducted from my deposit ?

This is very likely the 2nd most asked question I get. It’s significant to understand that when you buy Bitcoins through Virwox you are actually conducting two transactions. USD to SLL and SLL to BTC. This means you’ll need to pay a fee for each of these transactions.

The problem is that Virwox’s fee structure is always switching that is why I advise to check each case in person before proceeding. There is a pretty cool site which shows you the current BTC/USD rate after all of Virwox’s fees. I’m not sure how reliable the site is but you can check it out for yourself here.

Are there any other methods to buy Bitcoin with Paypal other than Virowx?

Yes. However Virwox has been around for the longest time and therefor is the most reliable. If you proceed reading this post I will cover four more methods that you can use but each of them has its pros and cons.

Buy Bitcoins with Paypal through Local Bitcoins

Pros: Broad diversity of sellers from around the world

Cons: High fees, chance of scam

At the time of writing this paragraph (April 2015) this is the only known way to buy Bitcoins with Paypal. If you’re still looking for extra ways you can take a look at LocalBitcoins and attempt to find sellers that perhaps will be willing to sell you Bitcoin with Paypal.

Local Bitcoins, unlike Virwox is a marketplace where buyers and sellers meet. If you use this option you’ll be dealing with an actual person which means that credibility also comes into play. The way you can use Local Bitcoins to buy Bitcoins with Paypal is by finding a person that is willing to sell them to you. But since the seller is taking a big risk (as I explained in the beginning of this post) the will usually charge a truly big premium (most of the times this will be more expensive than Virwox). The upside is that you will usually get your Bitcoins quicker.

1. Inject your search parameters

The very first step will be to go to Local Bitcoins and come in how much you want to buy and from which country. Since Local Bitcoins was originally made for people to meet face to face there is no “worldwide” search which is a shame. This means that there is no way to see all of the people who are willing to sell you will Paypal worldwide other then going through each country one at a time.

Two. Choose your seller

On the next screen you’ll see a list of available sellers, you can now browse them one by one. Here are the things to take into account: Feedback score – Located under the seller’s name. It’s advised to conduct transactions only with high feedback sellers.

Trade thresholds – Each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.

Payment window – How much time you have for paying the purchase and marking the payment done after you initiate a trade. It’s also super significant to read the terms of trade for the specific seller located on the right side. Here’s an example:

Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some petite transactions just to get reputation.

Three. Accomplish the trade

Once you’ve found your seller just come in how much you will to buy and click on “Send trade request”.

Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales). This method is quicker the Virwox but it can take you a lot of time to build up enough reputation, find your seller and also the premiums are truly high (around %30 and more…).

Buy Bitcoin with Paypal through E-coin

Cons: Requires a long time to accomplish (around ten days)

E-coin is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card you can use E-coin’s card with your Paypal account. In order to buy Bitcoins with your e-coin debit card here’s what you’ll need to do:

1.Order a physical / virtual debit card from e-coin

Go to E-coin. Click on “request fresh card” and choose the type of card you want. It’s possible to buy Bitcoins with Paypal through both cards (physical and virtual).

A Virtual card should cost around $Three and will be enough for this process.

Two. Connect that debit card to your Paypal account and verify it

Inwards your Paypal account, go to “Wallet” -> “Add a card” and add your freshly acquired virtual Bitcoin credit card.

One the card is added you will need to verify it. In order to verify the card you’ll need to have a balance of at least $Trio on it so that Paypal will be able to charge you. Once Paypal charges you, you will see a four digit code next to that transaction on your e-coin account. That four digit code in the verification pin for your card on Paypal.

Three. Deposit funds to your Paypal account

I’ll assume you know how to do that 🙂

Four. Withdraw funds from your Paypal account to your e-coin account

Go to “Wallet” -> “Withdraw funds” and choose the “withdraw funds to your card” option.

Make sure to choose your e-coin card. The withdrawal can take up to seven days to emerge in your e-coin account.

Five. Buy Bitcoins with your funded e-coin debit card

Now that your e-coin card has funds in it, you can use them to buy Bitcoins.

The entire process can take some time as verifying your E-coin card with Paypal takes some times and withdrawing the funds can take up to seven business days depending on where you live.

Buy Bitcoins with Paypal through Paxful

Pros: Broad diversity of sellers from around the world

Cons: High exchange rate, chance of scam

Paxful is the smaller less known version of LocalBitcoins. It’s a peer to peer marketplace that permits you to buy Bitcoins with almost anything (e.g. Skype credits, Amazon bounty cards). The process of buying Bitcoins at Paxful is pretty ordinary:

  1. Create an account
  2. Choose a payment method for buying and a desired amount
  3. Choose your seller – You can either choose by hand or let Paxful determine who is the best seller for you.

Once the trade initiates you will be sent in to an online talk with the seller where you can finalize the deal. The seller’s Bitcoins will be sent into Escrow and once you mark that you’ve sent your payment they will be released into your account. Keep in mind that if you don’t finalize the deal within a certain timeframe (usually thirty minutes) the deal will be auto-cancelled.

Buy Bitcoins with Paypal Through Cryptonit

Cons: Unestablished company, requires verification

Cryptonit is a cryptocurrency exchange that permits you to deposit funds through Paypal as well as many other payment form like Skrill and a credit card. However unlike Virwox, you will need to go through a verification process in order to qualify for Paypal deposit.

The verification process includes the following:

  • A copy of a government issues photo id
  • An address verification document like a utility bill or rental agreement
  • A photo of you holding these documents or a Skype movie call with someone from Cryptonit

Five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

Table of Contents

Note: If you’re looking to buy Bitcoin with Paypal or a credit card for trading purposes only check out AvaTrade or Plus500 Bitcoin CFD trading. For more information read this post .

One of the thickest issues today in Bitcoin is the fact that you can’t buy it very lightly. Even however Paypal has been very favourable of Bitcoin in the past two years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2016.

Why won’t Paypal permit this ? Plain. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a brief movie illustrating this).

Post summary:

  1. Go to Virwox
  2. Deposit money to your account with Paypal
  3. Buy SLL on the SLL/USD exchange
  4. Buy Bitcoins with your freshly purchased SLL on the SLL/BTC exchange
  5. Withdraw your Bitcoins

And now for a more detailed explanation and some extra options…

Bitcoin exchanges

Virwox

Local Bitcoins

E-Coin (Wirex)

Paxful

Cryptonit

Coinbase

Buy Bitcoins with PayPal through Virwox

Pros: A reliable method that has been around for a long time.

Now since no exchange presently permits a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (2nd Life Linden Dollars), This currency is used for one of the thickest virtual worlds today – 2nd Life.

After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. My guess is that Virwox is able to do this method since they are not directly selling you Bitcoins with Paypal but rather selling you SLL with Paypal which they can prove if you received (unlike Bitcoin since it’s anonymous in nature).

Things you should know about Virwox before we get began:

  • Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit originally through Paypal or a credit card, here are the exact boundaries according to their website from April 24th 2016.
  • This process hold within it more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this. It’s significant for you to be aware of the different transaction fees.
  • VirWox is delaying fresh user transactions for up to forty eight hours. This means that it can take you two days to accomplish this process (still way swifter than using a wire transfer).
  • If you still don’t receive the Bitcoins after forty eight hours (which is very unusual) you can contact Virwox at [email protected]

If you find yourself getting stuck at any point don’t hesitate to contact me through the contact form on the site.

1. Go to VirWox.

VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more. It has more than 400,000 registered users and is a 2nd Life Lindens authorized reseller.

Two. Open a free account

Click on the “not registered yet” on the top of the left sidebar to open up a fresh account as shown here:

Three. Pack out our private details

Pack out your username and email address. Where it asks for “avatar name” just leave it at “No Avatar”, it doesn’t matter, since you’re not going to play 2nd Life.

Four. Activate your account

Five. Significant. Switch your password!

Do not worry about the message telling “Your avatar connection has not been validated yet” – it is irrelevant.

6. Fund your account through PayPal

Note: From now on for each transaction you will make there will be a fee – make sure you are aware of the relevant deposit and withdrawal fees.

7. Buy SLL with USD

Note: If you haven’t made a deposit yet you will get the screen shown above requesting you to deposit before you buy SLL.

8. Buy BTC with SLL

9. Withdraw your Bitcoins

Will this method actually work ?

Very likely yes. I’m telling very likely because I have received a handful of emails from people who weren’t able to get their Bitcoins. having said that, from all of the people who didn’t get their coins I haven’t gotten one email stating their money wasn’t returned to them. So yes, the process is a bit irritating but I have been using this method since two thousand thirteen and it hasn’t failed me yet.

How much fees will be deducted from my deposit ?

This is most likely the 2nd most asked question I get. It’s significant to understand that when you buy Bitcoins through Virwox you are actually conducting two transactions. USD to SLL and SLL to BTC. This means you’ll need to pay a fee for each of these transactions.

The problem is that Virwox’s fee structure is always switching that is why I advise to check each case in person before proceeding. There is a pretty cool site which shows you the current BTC/USD rate after all of Virwox’s fees. I’m not sure how reliable the site is but you can check it out for yourself here.

Are there any other methods to buy Bitcoin with Paypal other than Virowx?

Yes. However Virwox has been around for the longest time and therefor is the most reliable. If you proceed reading this post I will cover four more methods that you can use but each of them has its pros and cons.

Buy Bitcoins with Paypal through Local Bitcoins

Pros: Broad multitude of sellers from around the world

Cons: High fees, chance of scam

At the time of writing this paragraph (April 2015) this is the only known way to buy Bitcoins with Paypal. If you’re still looking for extra ways you can take a look at LocalBitcoins and attempt to find sellers that perhaps will be willing to sell you Bitcoin with Paypal.

Local Bitcoins, unlike Virwox is a marketplace where buyers and sellers meet. If you use this option you’ll be dealing with an actual person which means that credibility also comes into play. The way you can use Local Bitcoins to buy Bitcoins with Paypal is by finding a person that is willing to sell them to you. But since the seller is taking a big risk (as I explained in the beginning of this post) the will usually charge a indeed big premium (most of the times this will be more expensive than Virwox). The upside is that you will usually get your Bitcoins quicker.

1. Inject your search parameters

The very first step will be to go to Local Bitcoins and come in how much you want to buy and from which country. Since Local Bitcoins was originally made for people to meet face to face there is no “worldwide” search which is a shame. This means that there is no way to see all of the people who are willing to sell you will Paypal worldwide other then going through each country one at a time.

Two. Choose your seller

On the next screen you’ll see a list of available sellers, you can now browse them one by one. Here are the things to take into account: Feedback score – Located under the seller’s name. It’s advised to conduct transactions only with high feedback sellers.

Trade thresholds – Each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.

Payment window – How much time you have for paying the purchase and marking the payment done after you initiate a trade. It’s also super significant to read the terms of trade for the specific seller located on the right side. Here’s an example:

Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some puny transactions just to get reputation.

Trio. Finish the trade

Once you’ve found your seller just come in how much you will to buy and click on “Send trade request”.

Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales). This method is quicker the Virwox but it can take you a lot of time to build up enough reputation, find your seller and also the premiums are truly high (around %30 and more…).

Buy Bitcoin with Paypal through E-coin

Cons: Requires a long time to finish (around ten days)

E-coin is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card you can use E-coin’s card with your Paypal account. In order to buy Bitcoins with your e-coin debit card here’s what you’ll need to do:

1.Order a physical / virtual debit card from e-coin

Go to E-coin. Click on “request fresh card” and choose the type of card you want. It’s possible to buy Bitcoins with Paypal through both cards (physical and virtual).

A Virtual card should cost around $Trio and will be enough for this process.

Two. Connect that debit card to your Paypal account and verify it

Inwards your Paypal account, go to “Wallet” -> “Add a card” and add your freshly acquired virtual Bitcoin credit card.

One the card is added you will need to verify it. In order to verify the card you’ll need to have a balance of at least $Trio on it so that Paypal will be able to charge you. Once Paypal charges you, you will see a four digit code next to that transaction on your e-coin account. That four digit code in the verification pin for your card on Paypal.

Three. Deposit funds to your Paypal account

I’ll assume you know how to do that 🙂

Four. Withdraw funds from your Paypal account to your e-coin account

Go to “Wallet” -> “Withdraw funds” and choose the “withdraw funds to your card” option.

Make sure to choose your e-coin card. The withdrawal can take up to seven days to emerge in your e-coin account.

Five. Buy Bitcoins with your funded e-coin debit card

Now that your e-coin card has funds in it, you can use them to buy Bitcoins.

The entire process can take some time as verifying your E-coin card with Paypal takes some times and withdrawing the funds can take up to seven business days depending on where you live.

Buy Bitcoins with Paypal through Paxful

Pros: Broad multiplicity of sellers from around the world

Cons: High exchange rate, chance of scam

Paxful is the smaller less known version of LocalBitcoins. It’s a peer to peer marketplace that permits you to buy Bitcoins with almost anything (e.g. Skype credits, Amazon bounty cards). The process of buying Bitcoins at Paxful is pretty plain:

  1. Create an account
  2. Choose a payment method for buying and a desired amount
  3. Choose your seller – You can either choose by hand or let Paxful determine who is the best seller for you.

Once the trade initiates you will be sent in to an online talk with the seller where you can finalize the deal. The seller’s Bitcoins will be sent into Escrow and once you mark that you’ve sent your payment they will be released into your account. Keep in mind that if you don’t finalize the deal within a certain timeframe (usually thirty minutes) the deal will be auto-cancelled.

Buy Bitcoins with Paypal Through Cryptonit

Cons: Unestablished company, requires verification

Cryptonit is a cryptocurrency exchange that permits you to deposit funds through Paypal as well as many other payment form like Skrill and a credit card. However unlike Virwox, you will need to go through a verification process in order to qualify for Paypal deposit.

The verification process includes the following:

  • A copy of a government issues photo id
  • An address verification document like a utility bill or rental agreement
  • A photo of you holding these documents or a Skype movie call with someone from Cryptonit

Five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

Table of Contents

Note: If you’re looking to buy Bitcoin with Paypal or a credit card for trading purposes only check out AvaTrade or Plus500 Bitcoin CFD trading. For more information read this post .

One of the fattest issues today in Bitcoin is the fact that you can’t buy it very lightly. Even tho’ Paypal has been very favourable of Bitcoin in the past two years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2016.

Why won’t Paypal permit this ? Plain. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a brief movie illustrating this).

Post summary:

  1. Go to Virwox
  2. Deposit money to your account with Paypal
  3. Buy SLL on the SLL/USD exchange
  4. Buy Bitcoins with your freshly purchased SLL on the SLL/BTC exchange
  5. Withdraw your Bitcoins

And now for a more detailed explanation and some extra options…

Bitcoin exchanges

Virwox

Local Bitcoins

E-Coin (Wirex)

Paxful

Cryptonit

Coinbase

Buy Bitcoins with PayPal through Virwox

Pros: A reliable method that has been around for a long time.

Now since no exchange presently permits a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (2nd Life Linden Dollars), This currency is used for one of the fattest virtual worlds today – 2nd Life.

After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. My guess is that Virwox is able to do this method since they are not directly selling you Bitcoins with Paypal but rather selling you SLL with Paypal which they can prove if you received (unlike Bitcoin since it’s anonymous in nature).

Things you should know about Virwox before we get commenced:

  • Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit originally through Paypal or a credit card, here are the exact boundaries according to their website from April 24th 2016.
  • This process hold within it more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this. It’s significant for you to be aware of the different transaction fees.
  • VirWox is delaying fresh user transactions for up to forty eight hours. This means that it can take you two days to accomplish this process (still way swifter than using a wire transfer).
  • If you still don’t receive the Bitcoins after forty eight hours (which is very unusual) you can contact Virwox at [email protected]

If you find yourself getting stuck at any point don’t hesitate to contact me through the contact form on the site.

1. Go to VirWox.

VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more. It has more than 400,000 registered users and is a 2nd Life Lindens authorized reseller.

Two. Open a free account

Click on the “not registered yet” on the top of the left sidebar to open up a fresh account as shown here:

Trio. Pack out our private details

Pack out your username and email address. Where it asks for “avatar name” just leave it at “No Avatar”, it doesn’t matter, since you’re not going to play 2nd Life.

Four. Activate your account

Five. Significant. Switch your password!

Do not worry about the message telling “Your avatar connection has not been validated yet” – it is irrelevant.

6. Fund your account through PayPal

Note: From now on for each transaction you will make there will be a fee – make sure you are aware of the relevant deposit and withdrawal fees.

7. Buy SLL with USD

Note: If you haven’t made a deposit yet you will get the screen shown above requesting you to deposit before you buy SLL.

8. Buy BTC with SLL

9. Withdraw your Bitcoins

Will this method actually work ?

Most likely yes. I’m telling very likely because I have received a handful of emails from people who weren’t able to get their Bitcoins. having said that, from all of the people who didn’t get their coins I haven’t gotten one email stating their money wasn’t returned to them. So yes, the process is a bit irritating but I have been using this method since two thousand thirteen and it hasn’t failed me yet.

How much fees will be deducted from my deposit ?

This is very likely the 2nd most asked question I get. It’s significant to understand that when you buy Bitcoins through Virwox you are actually conducting two transactions. USD to SLL and SLL to BTC. This means you’ll need to pay a fee for each of these transactions.

The problem is that Virwox’s fee structure is always switching that is why I advise to check each case in person before proceeding. There is a pretty cool site which shows you the current BTC/USD rate after all of Virwox’s fees. I’m not sure how reliable the site is but you can check it out for yourself here.

Are there any other methods to buy Bitcoin with Paypal other than Virowx?

Yes. However Virwox has been around for the longest time and therefor is the most reliable. If you proceed reading this post I will cover four more methods that you can use but each of them has its pros and cons.

Buy Bitcoins with Paypal through Local Bitcoins

Pros: Broad diversity of sellers from around the world

Cons: High fees, chance of scam

At the time of writing this paragraph (April 2015) this is the only known way to buy Bitcoins with Paypal. If you’re still looking for extra ways you can take a look at LocalBitcoins and attempt to find sellers that perhaps will be willing to sell you Bitcoin with Paypal.

Local Bitcoins, unlike Virwox is a marketplace where buyers and sellers meet. If you use this option you’ll be dealing with an actual person which means that credibility also comes into play. The way you can use Local Bitcoins to buy Bitcoins with Paypal is by finding a person that is willing to sell them to you. But since the seller is taking a big risk (as I explained in the beginning of this post) the will usually charge a indeed big premium (most of the times this will be more expensive than Virwox). The upside is that you will usually get your Bitcoins quicker.

1. Inject your search parameters

The very first step will be to go to Local Bitcoins and come in how much you want to buy and from which country. Since Local Bitcoins was originally made for people to meet face to face there is no “worldwide” search which is a shame. This means that there is no way to see all of the people who are willing to sell you will Paypal worldwide other then going through each country one at a time.

Two. Choose your seller

On the next screen you’ll see a list of available sellers, you can now browse them one by one. Here are the things to take into account: Feedback score – Located under the seller’s name. It’s advised to conduct transactions only with high feedback sellers.

Trade thresholds – Each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.

Payment window – How much time you have for paying the purchase and marking the payment done after you initiate a trade. It’s also super significant to read the terms of trade for the specific seller located on the right side. Here’s an example:

Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some petite transactions just to get reputation.

Three. Accomplish the trade

Once you’ve found your seller just come in how much you will to buy and click on “Send trade request”.

Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales). This method is quicker the Virwox but it can take you a lot of time to build up enough reputation, find your seller and also the premiums are truly high (around %30 and more…).

Buy Bitcoin with Paypal through E-coin

Cons: Requires a long time to finish (around ten days)

E-coin is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card you can use E-coin’s card with your Paypal account. In order to buy Bitcoins with your e-coin debit card here’s what you’ll need to do:

1.Order a physical / virtual debit card from e-coin

Go to E-coin. Click on “request fresh card” and choose the type of card you want. It’s possible to buy Bitcoins with Paypal through both cards (physical and virtual).

A Virtual card should cost around $Three and will be enough for this process.

Two. Connect that debit card to your Paypal account and verify it

Inwards your Paypal account, go to “Wallet” -> “Add a card” and add your freshly acquired virtual Bitcoin credit card.

One the card is added you will need to verify it. In order to verify the card you’ll need to have a balance of at least $Three on it so that Paypal will be able to charge you. Once Paypal charges you, you will see a four digit code next to that transaction on your e-coin account. That four digit code in the verification pin for your card on Paypal.

Three. Deposit funds to your Paypal account

I’ll assume you know how to do that 🙂

Four. Withdraw funds from your Paypal account to your e-coin account

Go to “Wallet” -> “Withdraw funds” and choose the “withdraw funds to your card” option.

Make sure to choose your e-coin card. The withdrawal can take up to seven days to show up in your e-coin account.

Five. Buy Bitcoins with your funded e-coin debit card

Now that your e-coin card has funds in it, you can use them to buy Bitcoins.

The entire process can take some time as verifying your E-coin card with Paypal takes some times and withdrawing the funds can take up to seven business days depending on where you live.

Buy Bitcoins with Paypal through Paxful

Pros: Broad multitude of sellers from around the world

Cons: High exchange rate, chance of scam

Paxful is the smaller less known version of LocalBitcoins. It’s a peer to peer marketplace that permits you to buy Bitcoins with almost anything (e.g. Skype credits, Amazon bounty cards). The process of buying Bitcoins at Paxful is pretty plain:

  1. Create an account
  2. Choose a payment method for buying and a desired amount
  3. Choose your seller – You can either choose by hand or let Paxful determine who is the best seller for you.

Once the trade initiates you will be sent in to an online talk with the seller where you can finalize the deal. The seller’s Bitcoins will be sent into Escrow and once you mark that you’ve sent your payment they will be released into your account. Keep in mind that if you don’t finalize the deal within a certain timeframe (usually thirty minutes) the deal will be auto-cancelled.

Buy Bitcoins with Paypal Through Cryptonit

Cons: Unestablished company, requires verification

Cryptonit is a cryptocurrency exchange that permits you to deposit funds through Paypal as well as many other payment form like Skrill and a credit card. However unlike Virwox, you will need to go through a verification process in order to qualify for Paypal deposit.

The verification process includes the following:

  • A copy of a government issues photo id
  • An address verification document like a utility bill or rental agreement
  • A photo of you holding these documents or a Skype movie call with someone from Cryptonit

Five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

Table of Contents

Note: If you’re looking to buy Bitcoin with Paypal or a credit card for trading purposes only check out AvaTrade or Plus500 Bitcoin CFD trading. For more information read this post .

One of the fattest issues today in Bitcoin is the fact that you can’t buy it very lightly. Even however Paypal has been very favourable of Bitcoin in the past two years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2016.

Why won’t Paypal permit this ? Ordinary. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a brief movie illustrating this).

Post summary:

  1. Go to Virwox
  2. Deposit money to your account with Paypal
  3. Buy SLL on the SLL/USD exchange
  4. Buy Bitcoins with your freshly purchased SLL on the SLL/BTC exchange
  5. Withdraw your Bitcoins

And now for a more detailed explanation and some extra options…

Bitcoin exchanges

Virwox

Local Bitcoins

E-Coin (Wirex)

Paxful

Cryptonit

Coinbase

Buy Bitcoins with PayPal through Virwox

Pros: A reliable method that has been around for a long time.

Now since no exchange presently permits a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (2nd Life Linden Dollars), This currency is used for one of the thickest virtual worlds today – 2nd Life.

After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. My guess is that Virwox is able to do this method since they are not directly selling you Bitcoins with Paypal but rather selling you SLL with Paypal which they can prove if you received (unlike Bitcoin since it’s anonymous in nature).

Things you should know about Virwox before we get commenced:

  • Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit originally through Paypal or a credit card, here are the exact thresholds according to their website from April 24th 2016.
  • This process hold within it more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this. It’s significant for you to be aware of the different transaction fees.
  • VirWox is delaying fresh user transactions for up to forty eight hours. This means that it can take you two days to finish this process (still way swifter than using a wire transfer).
  • If you still don’t receive the Bitcoins after forty eight hours (which is very unusual) you can contact Virwox at [email protected]

If you find yourself getting stuck at any point don’t hesitate to contact me through the contact form on the site.

1. Go to VirWox.

VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more. It has more than 400,000 registered users and is a 2nd Life Lindens authorized reseller.

Two. Open a free account

Click on the “not registered yet” on the top of the left sidebar to open up a fresh account as shown here:

Trio. Pack out our private details

Pack out your username and email address. Where it asks for “avatar name” just leave it at “No Avatar”, it doesn’t matter, since you’re not going to play 2nd Life.

Four. Activate your account

Five. Significant. Switch your password!

Do not worry about the message telling “Your avatar connection has not been validated yet” – it is irrelevant.

6. Fund your account through PayPal

Note: From now on for each transaction you will make there will be a fee – make sure you are aware of the relevant deposit and withdrawal fees.

7. Buy SLL with USD

Note: If you haven’t made a deposit yet you will get the screen shown above requesting you to deposit before you buy SLL.

8. Buy BTC with SLL

9. Withdraw your Bitcoins

Will this method actually work ?

Very likely yes. I’m telling very likely because I have received a handful of emails from people who weren’t able to get their Bitcoins. having said that, from all of the people who didn’t get their coins I haven’t gotten one email stating their money wasn’t returned to them. So yes, the process is a bit irritating but I have been using this method since two thousand thirteen and it hasn’t failed me yet.

How much fees will be deducted from my deposit ?

This is most likely the 2nd most asked question I get. It’s significant to understand that when you buy Bitcoins through Virwox you are actually conducting two transactions. USD to SLL and SLL to BTC. This means you’ll need to pay a fee for each of these transactions.

The problem is that Virwox’s fee structure is always switching that is why I advise to check each case in person before proceeding. There is a pretty cool site which shows you the current BTC/USD rate after all of Virwox’s fees. I’m not sure how reliable the site is but you can check it out for yourself here.

Are there any other methods to buy Bitcoin with Paypal other than Virowx?

Yes. However Virwox has been around for the longest time and therefor is the most reliable. If you proceed reading this post I will cover four more methods that you can use but each of them has its pros and cons.

Buy Bitcoins with Paypal through Local Bitcoins

Pros: Broad multiplicity of sellers from around the world

Cons: High fees, chance of scam

At the time of writing this paragraph (April 2015) this is the only known way to buy Bitcoins with Paypal. If you’re still looking for extra ways you can take a look at LocalBitcoins and attempt to find sellers that perhaps will be willing to sell you Bitcoin with Paypal.

Local Bitcoins, unlike Virwox is a marketplace where buyers and sellers meet. If you use this option you’ll be dealing with an actual person which means that credibility also comes into play. The way you can use Local Bitcoins to buy Bitcoins with Paypal is by finding a person that is willing to sell them to you. But since the seller is taking a big risk (as I explained in the beginning of this post) the will usually charge a truly big premium (most of the times this will be more expensive than Virwox). The upside is that you will usually get your Bitcoins quicker.

1. Come in your search parameters

The very first step will be to go to Local Bitcoins and inject how much you want to buy and from which country. Since Local Bitcoins was originally made for people to meet face to face there is no “worldwide” search which is a shame. This means that there is no way to see all of the people who are willing to sell you will Paypal worldwide other then going through each country one at a time.

Two. Choose your seller

On the next screen you’ll see a list of available sellers, you can now browse them one by one. Here are the things to take into account: Feedback score – Located under the seller’s name. It’s advised to conduct transactions only with high feedback sellers.

Trade thresholds – Each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.

Payment window – How much time you have for paying the purchase and marking the payment done after you initiate a trade. It’s also super significant to read the terms of trade for the specific seller located on the right side. Here’s an example:

Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some puny transactions just to get reputation.

Three. Accomplish the trade

Once you’ve found your seller just inject how much you will to buy and click on “Send trade request”.

Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales). This method is quicker the Virwox but it can take you a lot of time to build up enough reputation, find your seller and also the premiums are truly high (around %30 and more…).

Buy Bitcoin with Paypal through E-coin

Cons: Requires a long time to accomplish (around ten days)

E-coin is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card you can use E-coin’s card with your Paypal account. In order to buy Bitcoins with your e-coin debit card here’s what you’ll need to do:

1.Order a physical / virtual debit card from e-coin

Go to E-coin. Click on “request fresh card” and choose the type of card you want. It’s possible to buy Bitcoins with Paypal through both cards (physical and virtual).

A Virtual card should cost around $Three and will be enough for this process.

Two. Connect that debit card to your Paypal account and verify it

Inwards your Paypal account, go to “Wallet” -> “Add a card” and add your freshly acquired virtual Bitcoin credit card.

One the card is added you will need to verify it. In order to verify the card you’ll need to have a balance of at least $Trio on it so that Paypal will be able to charge you. Once Paypal charges you, you will see a four digit code next to that transaction on your e-coin account. That four digit code in the verification pin for your card on Paypal.

Three. Deposit funds to your Paypal account

I’ll assume you know how to do that 🙂

Four. Withdraw funds from your Paypal account to your e-coin account

Go to “Wallet” -> “Withdraw funds” and choose the “withdraw funds to your card” option.

Make sure to choose your e-coin card. The withdrawal can take up to seven days to show up in your e-coin account.

Five. Buy Bitcoins with your funded e-coin debit card

Now that your e-coin card has funds in it, you can use them to buy Bitcoins.

The entire process can take some time as verifying your E-coin card with Paypal takes some times and withdrawing the funds can take up to seven business days depending on where you live.

Buy Bitcoins with Paypal through Paxful

Pros: Broad multitude of sellers from around the world

Cons: High exchange rate, chance of scam

Paxful is the smaller less known version of LocalBitcoins. It’s a peer to peer marketplace that permits you to buy Bitcoins with almost anything (e.g. Skype credits, Amazon bounty cards). The process of buying Bitcoins at Paxful is pretty elementary:

  1. Create an account
  2. Choose a payment method for buying and a desired amount
  3. Choose your seller – You can either choose by hand or let Paxful determine who is the best seller for you.

Once the trade initiates you will be sent in to an online talk with the seller where you can finalize the deal. The seller’s Bitcoins will be sent into Escrow and once you mark that you’ve sent your payment they will be released into your account. Keep in mind that if you don’t finalize the deal within a certain timeframe (usually thirty minutes) the deal will be auto-cancelled.

Buy Bitcoins with Paypal Through Cryptonit

Cons: Unestablished company, requires verification

Cryptonit is a cryptocurrency exchange that permits you to deposit funds through Paypal as well as many other payment form like Skrill and a credit card. However unlike Virwox, you will need to go through a verification process in order to qualify for Paypal deposit.

The verification process includes the following:

  • A copy of a government issues photo id
  • An address verification document like a utility bill or rental agreement
  • A photo of you holding these documents or a Skype movie call with someone from Cryptonit

Five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

Table of Contents

Note: If you’re looking to buy Bitcoin with Paypal or a credit card for trading purposes only check out AvaTrade or Plus500 Bitcoin CFD trading. For more information read this post .

One of the fattest issues today in Bitcoin is the fact that you can’t buy it very lightly. Even tho’ Paypal has been very favourable of Bitcoin in the past two years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2016.

Why won’t Paypal permit this ? Ordinary. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a brief movie illustrating this).

Post summary:

  1. Go to Virwox
  2. Deposit money to your account with Paypal
  3. Buy SLL on the SLL/USD exchange
  4. Buy Bitcoins with your freshly purchased SLL on the SLL/BTC exchange
  5. Withdraw your Bitcoins

And now for a more detailed explanation and some extra options…

Bitcoin exchanges

Virwox

Local Bitcoins

E-Coin (Wirex)

Paxful

Cryptonit

Coinbase

Buy Bitcoins with PayPal through Virwox

Pros: A reliable method that has been around for a long time.

Now since no exchange presently permits a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (2nd Life Linden Dollars), This currency is used for one of the fattest virtual worlds today – 2nd Life.

After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. My guess is that Virwox is able to do this method since they are not directly selling you Bitcoins with Paypal but rather selling you SLL with Paypal which they can prove if you received (unlike Bitcoin since it’s anonymous in nature).

Things you should know about Virwox before we get embarked:

  • Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit originally through Paypal or a credit card, here are the exact boundaries according to their website from April 24th 2016.
  • This process hold within it more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this. It’s significant for you to be aware of the different transaction fees.
  • VirWox is delaying fresh user transactions for up to forty eight hours. This means that it can take you two days to finish this process (still way quicker than using a wire transfer).
  • If you still don’t receive the Bitcoins after forty eight hours (which is very unusual) you can contact Virwox at [email protected]

If you find yourself getting stuck at any point don’t hesitate to contact me through the contact form on the site.

1. Go to VirWox.

VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more. It has more than 400,000 registered users and is a 2nd Life Lindens authorized reseller.

Two. Open a free account

Click on the “not registered yet” on the top of the left sidebar to open up a fresh account as shown here:

Trio. Pack out our private details

Pack out your username and email address. Where it asks for “avatar name” just leave it at “No Avatar”, it doesn’t matter, since you’re not going to play 2nd Life.

Four. Activate your account

Five. Significant. Switch your password!

Do not worry about the message telling “Your avatar connection has not been validated yet” – it is irrelevant.

6. Fund your account through PayPal

Note: From now on for each transaction you will make there will be a fee – make sure you are aware of the relevant deposit and withdrawal fees.

7. Buy SLL with USD

Note: If you haven’t made a deposit yet you will get the screen shown above requesting you to deposit before you buy SLL.

8. Buy BTC with SLL

9. Withdraw your Bitcoins

Will this method actually work ?

Very likely yes. I’m telling very likely because I have received a handful of emails from people who weren’t able to get their Bitcoins. having said that, from all of the people who didn’t get their coins I haven’t gotten one email stating their money wasn’t returned to them. So yes, the process is a bit irritating but I have been using this method since two thousand thirteen and it hasn’t failed me yet.

How much fees will be deducted from my deposit ?

This is very likely the 2nd most asked question I get. It’s significant to understand that when you buy Bitcoins through Virwox you are actually conducting two transactions. USD to SLL and SLL to BTC. This means you’ll need to pay a fee for each of these transactions.

The problem is that Virwox’s fee structure is always switching that is why I advise to check each case in person before proceeding. There is a pretty cool site which shows you the current BTC/USD rate after all of Virwox’s fees. I’m not sure how reliable the site is but you can check it out for yourself here.

Are there any other methods to buy Bitcoin with Paypal other than Virowx?

Yes. However Virwox has been around for the longest time and therefor is the most reliable. If you proceed reading this post I will cover four more methods that you can use but each of them has its pros and cons.

Buy Bitcoins with Paypal through Local Bitcoins

Pros: Broad diversity of sellers from around the world

Cons: High fees, chance of scam

At the time of writing this paragraph (April 2015) this is the only known way to buy Bitcoins with Paypal. If you’re still looking for extra ways you can take a look at LocalBitcoins and attempt to find sellers that perhaps will be willing to sell you Bitcoin with Paypal.

Local Bitcoins, unlike Virwox is a marketplace where buyers and sellers meet. If you use this option you’ll be dealing with an actual person which means that credibility also comes into play. The way you can use Local Bitcoins to buy Bitcoins with Paypal is by finding a person that is willing to sell them to you. But since the seller is taking a big risk (as I explained in the beginning of this post) the will usually charge a truly big premium (most of the times this will be more expensive than Virwox). The upside is that you will usually get your Bitcoins quicker.

1. Come in your search parameters

The very first step will be to go to Local Bitcoins and inject how much you want to buy and from which country. Since Local Bitcoins was originally made for people to meet face to face there is no “worldwide” search which is a shame. This means that there is no way to see all of the people who are willing to sell you will Paypal worldwide other then going through each country one at a time.

Two. Choose your seller

On the next screen you’ll see a list of available sellers, you can now browse them one by one. Here are the things to take into account: Feedback score – Located under the seller’s name. It’s advised to conduct transactions only with high feedback sellers.

Trade thresholds – Each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.

Payment window – How much time you have for paying the purchase and marking the payment done after you initiate a trade. It’s also super significant to read the terms of trade for the specific seller located on the right side. Here’s an example:

Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some petite transactions just to get reputation.

Trio. Finish the trade

Once you’ve found your seller just come in how much you will to buy and click on “Send trade request”.

Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales). This method is quicker the Virwox but it can take you a lot of time to build up enough reputation, find your seller and also the premiums are indeed high (around %30 and more…).

Buy Bitcoin with Paypal through E-coin

Cons: Requires a long time to accomplish (around ten days)

E-coin is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card you can use E-coin’s card with your Paypal account. In order to buy Bitcoins with your e-coin debit card here’s what you’ll need to do:

1.Order a physical / virtual debit card from e-coin

Go to E-coin. Click on “request fresh card” and choose the type of card you want. It’s possible to buy Bitcoins with Paypal through both cards (physical and virtual).

A Virtual card should cost around $Three and will be enough for this process.

Two. Connect that debit card to your Paypal account and verify it

Inwards your Paypal account, go to “Wallet” -> “Add a card” and add your freshly acquired virtual Bitcoin credit card.

One the card is added you will need to verify it. In order to verify the card you’ll need to have a balance of at least $Three on it so that Paypal will be able to charge you. Once Paypal charges you, you will see a four digit code next to that transaction on your e-coin account. That four digit code in the verification pin for your card on Paypal.

Trio. Deposit funds to your Paypal account

I’ll assume you know how to do that 🙂

Four. Withdraw funds from your Paypal account to your e-coin account

Go to “Wallet” -> “Withdraw funds” and choose the “withdraw funds to your card” option.

Make sure to choose your e-coin card. The withdrawal can take up to seven days to show up in your e-coin account.

Five. Buy Bitcoins with your funded e-coin debit card

Now that your e-coin card has funds in it, you can use them to buy Bitcoins.

The entire process can take some time as verifying your E-coin card with Paypal takes some times and withdrawing the funds can take up to seven business days depending on where you live.

Buy Bitcoins with Paypal through Paxful

Pros: Broad diversity of sellers from around the world

Cons: High exchange rate, chance of scam

Paxful is the smaller less known version of LocalBitcoins. It’s a peer to peer marketplace that permits you to buy Bitcoins with almost anything (e.g. Skype credits, Amazon bounty cards). The process of buying Bitcoins at Paxful is pretty elementary:

  1. Create an account
  2. Choose a payment method for buying and a desired amount
  3. Choose your seller – You can either choose by hand or let Paxful determine who is the best seller for you.

Once the trade initiates you will be sent in to an online talk with the seller where you can finalize the deal. The seller’s Bitcoins will be sent into Escrow and once you mark that you’ve sent your payment they will be released into your account. Keep in mind that if you don’t finalize the deal within a certain timeframe (usually thirty minutes) the deal will be auto-cancelled.

Buy Bitcoins with Paypal Through Cryptonit

Cons: Unestablished company, requires verification

Cryptonit is a cryptocurrency exchange that permits you to deposit funds through Paypal as well as many other payment form like Skrill and a credit card. However unlike Virwox, you will need to go through a verification process in order to qualify for Paypal deposit.

The verification process includes the following:

  • A copy of a government issues photo id
  • An address verification document like a utility bill or rental agreement
  • A photo of you holding these documents or a Skype movie call with someone from Cryptonit

Five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

Table of Contents

Note: If you’re looking to buy Bitcoin with Paypal or a credit card for trading purposes only check out AvaTrade or Plus500 Bitcoin CFD trading. For more information read this post .

One of the thickest issues today in Bitcoin is the fact that you can’t buy it very lightly. Even however Paypal has been very favourable of Bitcoin in the past two years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2016.

Why won’t Paypal permit this ? Ordinary. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a brief movie illustrating this).

Post summary:

  1. Go to Virwox
  2. Deposit money to your account with Paypal
  3. Buy SLL on the SLL/USD exchange
  4. Buy Bitcoins with your freshly purchased SLL on the SLL/BTC exchange
  5. Withdraw your Bitcoins

And now for a more detailed explanation and some extra options…

Bitcoin exchanges

Virwox

Local Bitcoins

E-Coin (Wirex)

Paxful

Cryptonit

Coinbase

Buy Bitcoins with PayPal through Virwox

Pros: A reliable method that has been around for a long time.

Now since no exchange presently permits a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (2nd Life Linden Dollars), This currency is used for one of the fattest virtual worlds today – 2nd Life.

After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. My guess is that Virwox is able to do this method since they are not directly selling you Bitcoins with Paypal but rather selling you SLL with Paypal which they can prove if you received (unlike Bitcoin since it’s anonymous in nature).

Things you should know about Virwox before we get embarked:

  • Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit originally through Paypal or a credit card, here are the exact thresholds according to their website from April 24th 2016.
  • This process hold within it more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this. It’s significant for you to be aware of the different transaction fees.
  • VirWox is delaying fresh user transactions for up to forty eight hours. This means that it can take you two days to finish this process (still way swifter than using a wire transfer).
  • If you still don’t receive the Bitcoins after forty eight hours (which is very unusual) you can contact Virwox at [email protected]

If you find yourself getting stuck at any point don’t hesitate to contact me through the contact form on the site.

1. Go to VirWox.

VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more. It has more than 400,000 registered users and is a 2nd Life Lindens authorized reseller.

Two. Open a free account

Click on the “not registered yet” on the top of the left sidebar to open up a fresh account as shown here:

Trio. Pack out our individual details

Pack out your username and email address. Where it asks for “avatar name” just leave it at “No Avatar”, it doesn’t matter, since you’re not going to play 2nd Life.

Four. Activate your account

Five. Significant. Switch your password!

Do not worry about the message telling “Your avatar connection has not been validated yet” – it is irrelevant.

6. Fund your account through PayPal

Note: From now on for each transaction you will make there will be a fee – make sure you are aware of the relevant deposit and withdrawal fees.

7. Buy SLL with USD

Note: If you haven’t made a deposit yet you will get the screen shown above requesting you to deposit before you buy SLL.

8. Buy BTC with SLL

9. Withdraw your Bitcoins

Will this method actually work ?

Most likely yes. I’m telling most likely because I have received a handful of emails from people who weren’t able to get their Bitcoins. having said that, from all of the people who didn’t get their coins I haven’t gotten one email stating their money wasn’t returned to them. So yes, the process is a bit irritating but I have been using this method since two thousand thirteen and it hasn’t failed me yet.

How much fees will be deducted from my deposit ?

This is most likely the 2nd most asked question I get. It’s significant to understand that when you buy Bitcoins through Virwox you are actually conducting two transactions. USD to SLL and SLL to BTC. This means you’ll need to pay a fee for each of these transactions.

The problem is that Virwox’s fee structure is always switching that is why I advise to check each case in person before proceeding. There is a pretty cool site which shows you the current BTC/USD rate after all of Virwox’s fees. I’m not sure how reliable the site is but you can check it out for yourself here.

Are there any other methods to buy Bitcoin with Paypal other than Virowx?

Yes. However Virwox has been around for the longest time and therefor is the most reliable. If you proceed reading this post I will cover four more methods that you can use but each of them has its pros and cons.

Buy Bitcoins with Paypal through Local Bitcoins

Pros: Broad diversity of sellers from around the world

Cons: High fees, chance of scam

At the time of writing this paragraph (April 2015) this is the only known way to buy Bitcoins with Paypal. If you’re still looking for extra ways you can take a look at LocalBitcoins and attempt to find sellers that perhaps will be willing to sell you Bitcoin with Paypal.

Local Bitcoins, unlike Virwox is a marketplace where buyers and sellers meet. If you use this option you’ll be dealing with an actual person which means that credibility also comes into play. The way you can use Local Bitcoins to buy Bitcoins with Paypal is by finding a person that is willing to sell them to you. But since the seller is taking a big risk (as I explained in the beginning of this post) the will usually charge a indeed big premium (most of the times this will be more expensive than Virwox). The upside is that you will usually get your Bitcoins swifter.

1. Come in your search parameters

The very first step will be to go to Local Bitcoins and come in how much you want to buy and from which country. Since Local Bitcoins was originally made for people to meet face to face there is no “worldwide” search which is a shame. This means that there is no way to see all of the people who are willing to sell you will Paypal worldwide other then going through each country one at a time.

Two. Choose your seller

On the next screen you’ll see a list of available sellers, you can now browse them one by one. Here are the things to take into account: Feedback score – Located under the seller’s name. It’s advised to conduct transactions only with high feedback sellers.

Trade thresholds – Each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.

Payment window – How much time you have for paying the purchase and marking the payment done after you initiate a trade. It’s also super significant to read the terms of trade for the specific seller located on the right side. Here’s an example:

Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some petite transactions just to get reputation.

Three. Finish the trade

Once you’ve found your seller just come in how much you will to buy and click on “Send trade request”.

Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales). This method is quicker the Virwox but it can take you a lot of time to build up enough reputation, find your seller and also the premiums are indeed high (around %30 and more…).

Buy Bitcoin with Paypal through E-coin

Cons: Requires a long time to accomplish (around ten days)

E-coin is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card you can use E-coin’s card with your Paypal account. In order to buy Bitcoins with your e-coin debit card here’s what you’ll need to do:

1.Order a physical / virtual debit card from e-coin

Go to E-coin. Click on “request fresh card” and choose the type of card you want. It’s possible to buy Bitcoins with Paypal through both cards (physical and virtual).

A Virtual card should cost around $Trio and will be enough for this process.

Two. Connect that debit card to your Paypal account and verify it

Inwards your Paypal account, go to “Wallet” -> “Add a card” and add your freshly acquired virtual Bitcoin credit card.

One the card is added you will need to verify it. In order to verify the card you’ll need to have a balance of at least $Three on it so that Paypal will be able to charge you. Once Paypal charges you, you will see a four digit code next to that transaction on your e-coin account. That four digit code in the verification pin for your card on Paypal.

Trio. Deposit funds to your Paypal account

I’ll assume you know how to do that 🙂

Four. Withdraw funds from your Paypal account to your e-coin account

Go to “Wallet” -> “Withdraw funds” and choose the “withdraw funds to your card” option.

Make sure to choose your e-coin card. The withdrawal can take up to seven days to emerge in your e-coin account.

Five. Buy Bitcoins with your funded e-coin debit card

Now that your e-coin card has funds in it, you can use them to buy Bitcoins.

The entire process can take some time as verifying your E-coin card with Paypal takes some times and withdrawing the funds can take up to seven business days depending on where you live.

Buy Bitcoins with Paypal through Paxful

Pros: Broad multiplicity of sellers from around the world

Cons: High exchange rate, chance of scam

Paxful is the smaller less known version of LocalBitcoins. It’s a peer to peer marketplace that permits you to buy Bitcoins with almost anything (e.g. Skype credits, Amazon bounty cards). The process of buying Bitcoins at Paxful is pretty elementary:

  1. Create an account
  2. Choose a payment method for buying and a desired amount
  3. Choose your seller – You can either choose by hand or let Paxful determine who is the best seller for you.

Once the trade initiates you will be sent in to an online talk with the seller where you can finalize the deal. The seller’s Bitcoins will be sent into Escrow and once you mark that you’ve sent your payment they will be released into your account. Keep in mind that if you don’t finalize the deal within a certain timeframe (usually thirty minutes) the deal will be auto-cancelled.

Buy Bitcoins with Paypal Through Cryptonit

Cons: Unestablished company, requires verification

Cryptonit is a cryptocurrency exchange that permits you to deposit funds through Paypal as well as many other payment form like Skrill and a credit card. However unlike Virwox, you will need to go through a verification process in order to qualify for Paypal deposit.

The verification process includes the following:

  • A copy of a government issues photo id
  • An address verification document like a utility bill or rental agreement
  • A photo of you holding these documents or a Skype movie call with someone from Cryptonit

Five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

Table of Contents

Note: If you’re looking to buy Bitcoin with Paypal or a credit card for trading purposes only check out AvaTrade or Plus500 Bitcoin CFD trading. For more information read this post .

One of the fattest issues today in Bitcoin is the fact that you can’t buy it very lightly. Even tho’ Paypal has been very favourable of Bitcoin in the past two years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2016.

Why won’t Paypal permit this ? Elementary. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a brief movie illustrating this).

Post summary:

  1. Go to Virwox
  2. Deposit money to your account with Paypal
  3. Buy SLL on the SLL/USD exchange
  4. Buy Bitcoins with your freshly purchased SLL on the SLL/BTC exchange
  5. Withdraw your Bitcoins

And now for a more detailed explanation and some extra options…

Bitcoin exchanges

Virwox

Local Bitcoins

E-Coin (Wirex)

Paxful

Cryptonit

Coinbase

Buy Bitcoins with PayPal through Virwox

Pros: A reliable method that has been around for a long time.

Now since no exchange presently permits a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (2nd Life Linden Dollars), This currency is used for one of the largest virtual worlds today – 2nd Life.

After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. My guess is that Virwox is able to do this method since they are not directly selling you Bitcoins with Paypal but rather selling you SLL with Paypal which they can prove if you received (unlike Bitcoin since it’s anonymous in nature).

Things you should know about Virwox before we get began:

  • Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit primarily through Paypal or a credit card, here are the exact thresholds according to their website from April 24th 2016.
  • This process hold within it more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this. It’s significant for you to be aware of the different transaction fees.
  • VirWox is delaying fresh user transactions for up to forty eight hours. This means that it can take you two days to accomplish this process (still way quicker than using a wire transfer).
  • If you still don’t receive the Bitcoins after forty eight hours (which is very unusual) you can contact Virwox at [email protected]

If you find yourself getting stuck at any point don’t hesitate to contact me through the contact form on the site.

1. Go to VirWox.

VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more. It has more than 400,000 registered users and is a 2nd Life Lindens authorized reseller.

Two. Open a free account

Click on the “not registered yet” on the top of the left sidebar to open up a fresh account as shown here:

Trio. Pack out our individual details

Pack out your username and email address. Where it asks for “avatar name” just leave it at “No Avatar”, it doesn’t matter, since you’re not going to play 2nd Life.

Four. Activate your account

Five. Significant. Switch your password!

Do not worry about the message telling “Your avatar connection has not been validated yet” – it is irrelevant.

6. Fund your account through PayPal

Note: From now on for each transaction you will make there will be a fee – make sure you are aware of the relevant deposit and withdrawal fees.

7. Buy SLL with USD

Note: If you haven’t made a deposit yet you will get the screen shown above requesting you to deposit before you buy SLL.

8. Buy BTC with SLL

9. Withdraw your Bitcoins

Will this method actually work ?

Most likely yes. I’m telling most likely because I have received a handful of emails from people who weren’t able to get their Bitcoins. having said that, from all of the people who didn’t get their coins I haven’t gotten one email stating their money wasn’t returned to them. So yes, the process is a bit irritating but I have been using this method since two thousand thirteen and it hasn’t failed me yet.

How much fees will be deducted from my deposit ?

This is very likely the 2nd most asked question I get. It’s significant to understand that when you buy Bitcoins through Virwox you are actually conducting two transactions. USD to SLL and SLL to BTC. This means you’ll need to pay a fee for each of these transactions.

The problem is that Virwox’s fee structure is always switching that is why I advise to check each case in person before proceeding. There is a pretty cool site which shows you the current BTC/USD rate after all of Virwox’s fees. I’m not sure how reliable the site is but you can check it out for yourself here.

Are there any other methods to buy Bitcoin with Paypal other than Virowx?

Yes. However Virwox has been around for the longest time and therefor is the most reliable. If you proceed reading this post I will cover four more methods that you can use but each of them has its pros and cons.

Buy Bitcoins with Paypal through Local Bitcoins

Pros: Broad multiplicity of sellers from around the world

Cons: High fees, chance of scam

At the time of writing this paragraph (April 2015) this is the only known way to buy Bitcoins with Paypal. If you’re still looking for extra ways you can take a look at LocalBitcoins and attempt to find sellers that perhaps will be willing to sell you Bitcoin with Paypal.

Local Bitcoins, unlike Virwox is a marketplace where buyers and sellers meet. If you use this option you’ll be dealing with an actual person which means that credibility also comes into play. The way you can use Local Bitcoins to buy Bitcoins with Paypal is by finding a person that is willing to sell them to you. But since the seller is taking a big risk (as I explained in the beginning of this post) the will usually charge a indeed big premium (most of the times this will be more expensive than Virwox). The upside is that you will usually get your Bitcoins swifter.

1. Inject your search parameters

The very first step will be to go to Local Bitcoins and come in how much you want to buy and from which country. Since Local Bitcoins was originally made for people to meet face to face there is no “worldwide” search which is a shame. This means that there is no way to see all of the people who are willing to sell you will Paypal worldwide other then going through each country one at a time.

Two. Choose your seller

On the next screen you’ll see a list of available sellers, you can now browse them one by one. Here are the things to take into account: Feedback score – Located under the seller’s name. It’s advised to conduct transactions only with high feedback sellers.

Trade boundaries – Each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.

Payment window – How much time you have for paying the purchase and marking the payment done after you initiate a trade. It’s also super significant to read the terms of trade for the specific seller located on the right side. Here’s an example:

Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some petite transactions just to get reputation.

Trio. Accomplish the trade

Once you’ve found your seller just come in how much you will to buy and click on “Send trade request”.

Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales). This method is quicker the Virwox but it can take you a lot of time to build up enough reputation, find your seller and also the premiums are truly high (around %30 and more…).

Buy Bitcoin with Paypal through E-coin

Cons: Requires a long time to accomplish (around ten days)

E-coin is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card you can use E-coin’s card with your Paypal account. In order to buy Bitcoins with your e-coin debit card here’s what you’ll need to do:

1.Order a physical / virtual debit card from e-coin

Go to E-coin. Click on “request fresh card” and choose the type of card you want. It’s possible to buy Bitcoins with Paypal through both cards (physical and virtual).

A Virtual card should cost around $Three and will be enough for this process.

Two. Connect that debit card to your Paypal account and verify it

Inwards your Paypal account, go to “Wallet” -> “Add a card” and add your freshly acquired virtual Bitcoin credit card.

One the card is added you will need to verify it. In order to verify the card you’ll need to have a balance of at least $Trio on it so that Paypal will be able to charge you. Once Paypal charges you, you will see a four digit code next to that transaction on your e-coin account. That four digit code in the verification pin for your card on Paypal.

Three. Deposit funds to your Paypal account

I’ll assume you know how to do that 🙂

Four. Withdraw funds from your Paypal account to your e-coin account

Go to “Wallet” -> “Withdraw funds” and choose the “withdraw funds to your card” option.

Make sure to choose your e-coin card. The withdrawal can take up to seven days to emerge in your e-coin account.

Five. Buy Bitcoins with your funded e-coin debit card

Now that your e-coin card has funds in it, you can use them to buy Bitcoins.

The entire process can take some time as verifying your E-coin card with Paypal takes some times and withdrawing the funds can take up to seven business days depending on where you live.

Buy Bitcoins with Paypal through Paxful

Pros: Broad diversity of sellers from around the world

Cons: High exchange rate, chance of scam

Paxful is the smaller less known version of LocalBitcoins. It’s a peer to peer marketplace that permits you to buy Bitcoins with almost anything (e.g. Skype credits, Amazon bounty cards). The process of buying Bitcoins at Paxful is pretty elementary:

  1. Create an account
  2. Choose a payment method for buying and a desired amount
  3. Choose your seller – You can either choose by hand or let Paxful determine who is the best seller for you.

Once the trade initiates you will be sent in to an online talk with the seller where you can finalize the deal. The seller’s Bitcoins will be sent into Escrow and once you mark that you’ve sent your payment they will be released into your account. Keep in mind that if you don’t finalize the deal within a certain timeframe (usually thirty minutes) the deal will be auto-cancelled.

Buy Bitcoins with Paypal Through Cryptonit

Cons: Unestablished company, requires verification

Cryptonit is a cryptocurrency exchange that permits you to deposit funds through Paypal as well as many other payment form like Skrill and a credit card. However unlike Virwox, you will need to go through a verification process in order to qualify for Paypal deposit.

The verification process includes the following:

  • A copy of a government issues photo id
  • An address verification document like a utility bill or rental agreement
  • A photo of you holding these documents or a Skype movie call with someone from Cryptonit

Five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

five Methods to Buy Bitcoin With PayPal Instantly in two thousand seventeen

Table of Contents

Note: If you’re looking to buy Bitcoin with Paypal or a credit card for trading purposes only check out AvaTrade or Plus500 Bitcoin CFD trading. For more information read this post .

One of the largest issues today in Bitcoin is the fact that you can’t buy it very lightly. Even however Paypal has been very favourable of Bitcoin in the past two years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2016.

Why won’t Paypal permit this ? Ordinary. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a brief movie illustrating this).

Post summary:

  1. Go to Virwox
  2. Deposit money to your account with Paypal
  3. Buy SLL on the SLL/USD exchange
  4. Buy Bitcoins with your freshly purchased SLL on the SLL/BTC exchange
  5. Withdraw your Bitcoins

And now for a more detailed explanation and some extra options…

Bitcoin exchanges

Virwox

Local Bitcoins

E-Coin (Wirex)

Paxful

Cryptonit

Coinbase

Buy Bitcoins with PayPal through Virwox

Pros: A reliable method that has been around for a long time.

Now since no exchange presently permits a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (2nd Life Linden Dollars), This currency is used for one of the thickest virtual worlds today – 2nd Life.

After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. My guess is that Virwox is able to do this method since they are not directly selling you Bitcoins with Paypal but rather selling you SLL with Paypal which they can prove if you received (unlike Bitcoin since it’s anonymous in nature).

Things you should know about Virwox before we get embarked:

  • Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit originally through Paypal or a credit card, here are the exact thresholds according to their website from April 24th 2016.
  • This process hold within it more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this. It’s significant for you to be aware of the different transaction fees.
  • VirWox is delaying fresh user transactions for up to forty eight hours. This means that it can take you two days to accomplish this process (still way quicker than using a wire transfer).
  • If you still don’t receive the Bitcoins after forty eight hours (which is very unusual) you can contact Virwox at [email protected]

If you find yourself getting stuck at any point don’t hesitate to contact me through the contact form on the site.

1. Go to VirWox.

VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more. It has more than 400,000 registered users and is a 2nd Life Lindens authorized reseller.

Two. Open a free account

Click on the “not registered yet” on the top of the left sidebar to open up a fresh account as shown here:

Trio. Pack out our private details

Pack out your username and email address. Where it asks for “avatar name” just leave it at “No Avatar”, it doesn’t matter, since you’re not going to play 2nd Life.

Four. Activate your account

Five. Significant. Switch your password!

Do not worry about the message telling “Your avatar connection has not been validated yet” – it is irrelevant.

6. Fund your account through PayPal

Note: From now on for each transaction you will make there will be a fee – make sure you are aware of the relevant deposit and withdrawal fees.

7. Buy SLL with USD

Note: If you haven’t made a deposit yet you will get the screen shown above requesting you to deposit before you buy SLL.

8. Buy BTC with SLL

9. Withdraw your Bitcoins

Will this method actually work ?

Very likely yes. I’m telling most likely because I have received a handful of emails from people who weren’t able to get their Bitcoins. having said that, from all of the people who didn’t get their coins I haven’t gotten one email stating their money wasn’t returned to them. So yes, the process is a bit irritating but I have been using this method since two thousand thirteen and it hasn’t failed me yet.

How much fees will be deducted from my deposit ?

This is very likely the 2nd most asked question I get. It’s significant to understand that when you buy Bitcoins through Virwox you are actually conducting two transactions. USD to SLL and SLL to BTC. This means you’ll need to pay a fee for each of these transactions.

The problem is that Virwox’s fee structure is always switching that is why I advise to check each case in person before proceeding. There is a pretty cool site which shows you the current BTC/USD rate after all of Virwox’s fees. I’m not sure how reliable the site is but you can check it out for yourself here.

Are there any other methods to buy Bitcoin with Paypal other than Virowx?

Yes. However Virwox has been around for the longest time and therefor is the most reliable. If you proceed reading this post I will cover four more methods that you can use but each of them has its pros and cons.

Buy Bitcoins with Paypal through Local Bitcoins

Pros: Broad multitude of sellers from around the world

Cons: High fees, chance of scam

At the time of writing this paragraph (April 2015) this is the only known way to buy Bitcoins with Paypal. If you’re still looking for extra ways you can take a look at LocalBitcoins and attempt to find sellers that perhaps will be willing to sell you Bitcoin with Paypal.

Local Bitcoins, unlike Virwox is a marketplace where buyers and sellers meet. If you use this option you’ll be dealing with an actual person which means that credibility also comes into play. The way you can use Local Bitcoins to buy Bitcoins with Paypal is by finding a person that is willing to sell them to you. But since the seller is taking a big risk (as I explained in the beginning of this post) the will usually charge a truly big premium (most of the times this will be more expensive than Virwox). The upside is that you will usually get your Bitcoins swifter.

1. Come in your search parameters

The very first step will be to go to Local Bitcoins and inject how much you want to buy and from which country. Since Local Bitcoins was originally made for people to meet face to face there is no “worldwide” search which is a shame. This means that there is no way to see all of the people who are willing to sell you will Paypal worldwide other then going through each country one at a time.

Two. Choose your seller

On the next screen you’ll see a list of available sellers, you can now browse them one by one. Here are the things to take into account: Feedback score – Located under the seller’s name. It’s advised to conduct transactions only with high feedback sellers.

Trade boundaries – Each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.

Payment window – How much time you have for paying the purchase and marking the payment done after you initiate a trade. It’s also super significant to read the terms of trade for the specific seller located on the right side. Here’s an example:

Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some petite transactions just to get reputation.

Trio. Finish the trade

Once you’ve found your seller just inject how much you will to buy and click on “Send trade request”.

Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales). This method is quicker the Virwox but it can take you a lot of time to build up enough reputation, find your seller and also the premiums are indeed high (around %30 and more…).

Buy Bitcoin with Paypal through E-coin

Cons: Requires a long time to accomplish (around ten days)

E-coin is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card you can use E-coin’s card with your Paypal account. In order to buy Bitcoins with your e-coin debit card here’s what you’ll need to do:

1.Order a physical / virtual debit card from e-coin

Go to E-coin. Click on “request fresh card” and choose the type of card you want. It’s possible to buy Bitcoins with Paypal through both cards (physical and virtual).

A Virtual card should cost around $Three and will be enough for this process.

Two. Connect that debit card to your Paypal account and verify it

Inwards your Paypal account, go to “Wallet” -> “Add a card” and add your freshly acquired virtual Bitcoin credit card.

One the card is added you will need to verify it. In order to verify the card you’ll need to have a balance of at least $Trio on it so that Paypal will be able to charge you. Once Paypal charges you, you will see a four digit code next to that transaction on your e-coin account. That four digit code in the verification pin for your card on Paypal.

Trio. Deposit funds to your Paypal account

I’ll assume you know how to do that 🙂

Four. Withdraw funds from your Paypal account to your e-coin account

Go to “Wallet” -> “Withdraw funds” and choose the “withdraw funds to your card” option.

Make sure to choose your e-coin card. The withdrawal can take up to seven days to emerge in your e-coin account.

Five. Buy Bitcoins with your funded e-coin debit card

Now that your e-coin card has funds in it, you can use them to buy Bitcoins.

The entire process can take some time as verifying your E-coin card with Paypal takes some times and withdrawing the funds can take up to seven business days depending on where you live.

Buy Bitcoins with Paypal through Paxful

Pros: Broad multiplicity of sellers from around the world

Cons: High exchange rate, chance of scam

Paxful is the smaller less known version of LocalBitcoins. It’s a peer to peer marketplace that permits you to buy Bitcoins with almost anything (e.g. Skype credits, Amazon bounty cards). The process of buying Bitcoins at Paxful is pretty plain:

  1. Create an account
  2. Choose a payment method for buying and a desired amount
  3. Choose your seller – You can either choose by hand or let Paxful determine who is the best seller for you.

Once the trade initiates you will be sent in to an online talk with the seller where you can finalize the deal. The seller’s Bitcoins will be sent into Escrow and once you mark that you’ve sent your payment they will be released into your account. Keep in mind that if you don’t finalize the deal within a certain timeframe (usually thirty minutes) the deal will be auto-cancelled.

Buy Bitcoins with Paypal Through Cryptonit

Cons: Unestablished company, requires verification

Cryptonit is a cryptocurrency exchange that permits you to deposit funds through Paypal as well as many other payment form like Skrill and a credit card. However unlike Virwox, you will need to go through a verification process in order to qualify for Paypal deposit.

The verification process includes the following:

  • A copy of a government issues photo id
  • An address verification document like a utility bill or rental agreement
  • A photo of you holding these documents or a Skype movie call with someone from Cryptonit

Related video:

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