The Complete "how to buy Bitcoins" Guide
Hey, ExpDev here bringing you a "how to buy Bitcoins" guide!
No one should ever have to spend their money paying for that people should get them Bitcoins. It's a fairly quick and safe process to have your Paypal/Credit card balance exchanged to the infamous Bitcoin currency straight into your own digital wallet.VIRWOX
If you wanna do this safe, your best option would be to go with VirWox. Now since no exchange currently allows 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 (Second Life Linden Dollars), This currency is used for one of the biggest virtual worlds today – Second Life.After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. 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).
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 Second Life Lindens authorized reseller.
This all sounds very lovely, right? However, there are a few things that you should note down before using this service.
- 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 important for you to be aware of the different transaction fees.
- Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit initially through Paypal or a credit card, here are the exact limits according to their website from April 30th 2015.
- VirWox is delaying new user transactions for up to 48 hours. This means that it can take you 2 days to complete this process (still way faster than using a wire transfer).
- If you still don’t receive the Bitcoins after 48 hours (which is very unusual) you can contact Virwox at [email protected].
The Steps of registration
- Go to VirWox (https://www.virwox.com/).
- Register your completely free account.
- Fill out your personal details (write some fake ass shit). Note that where it says "Avatar name" or your avatar details, you can just leave that blank, as you aren't gonna actually play the Second Life game
. HIT REGISTER! - Now check your email, you have received your own temporary password! Head back to the VirWox website and login with your username and that temporary password of yours, and remember to change it!
- You can now fund your account using your PayPal. Click on deposit on the left side and choose PayPal Express. Fund the account with how many USD you’d like.
The Steps of the exchanging
- Buy SSL with USD. Go to Exchange- >USD/SLL on the left side. You can also go to any other currency you’d like. Buy SLL (which mean Second Life Lindens) . We will later on exchange these SLL to Bitcoins.
- Buy BTC (Bitcoins) with SSL. Once you have SLL in your account, go to the BTC/SLL and buy Bitcoins with your SLL.
- Final step. Now withdraw your Bitcoins. Choose “Withdraw” on the left side and send the Bitcoins to your wallet.
FAQ
Other Methods
I suggest you go and resentment he comments for alternative non-PayPal methods.
Will this method actually work ?
Probably yes. I’m saying probably 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 2013 and it hasn’t failed me yet.
How much fees will be deducted from my deposit ?
This is probably the second most asked question I get. It’s important 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 changing 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.
Probably yes. I’m saying probably 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 2013 and it hasn’t failed me yet.
How much fees will be deducted from my deposit ?
This is probably the second most asked question I get. It’s important 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 changing 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.
Other Methods
I suggest you go and resentment he comments for alternative non-PayPal methods.
Last edited:
Banned forever. Reason: Scamming (https://builtbybit.com/threads/boomchackalackaboom-scam-report.99020/)
