How to Use PayPal to Buy & Convert Bitcoin - Coin Brief
How to Use PayPal to Buy & Convert Bitcoin - Coin Brief
How To Buy Bitcoins Instantly With Paypal Using VirWox
VirWoX - Bitcoin Wiki
How to Buy Cryptocurrency with PayPal: A Step-By-Step Guide
How Not TO Buy Bitcoin with Paypal Through VirWoX (Getting Your Account Closed/Suspended)
I wanted to create a totally anonymous website that no religious or political force can easily take down and threatens my safety (FREEDOM OF SPEECH!). This means having both domain and hosting services outside US and "controlled" countries. One of the step is acquiring bitcoin to do the needed payment to be anonymous. I tried using the famous process of buying BTC through VirWox and would like to share HOW MY ACCOUNT WAS CLOSED to help others AVOID these. Here's, the email sent by VirWox Support: "Hello, unfortunately we have received high risk indications for your account. We have therefore refunded your payment and closed the account." Here are the possible reasons why what I've done was high risk.
Email account used is mail.com where there's no identity verification required.
Used pseudonym and fictitious contact information throughout (let's call her Maria)
VPN with IP on the address of Maria
Browser cache cleared. Used private window.
Turned off all "location" and other privacy invasive features of your computer.
Created account on VirWox for Maria
Deposited USD through a paypal account of a willing friend (thus different name from Maria)
Bought SLL with USD
Bought BTC with SLL
All above steps were done on the same day
Within 48 hours, I got my VirWox account closed and all money refunded (including fees - good news atleast) Next time, I would probably buy BTC from VirWox disclosing my real identity using my own Paypal. However, this removes one layer of anonymity. Any suggestions on how to buy bitcoin with paypal allowing maximum anonymity? Thanks!
How to buy Bitcoins on Virwox and the real cost of going through Virwox
It seems like a lot of people are buying bitcoins through Virwox only to found out that they paid a hefty premium and that they have loose change in their Virwox account that they cannot redeem.. There are a few simple steps to avoid/minimize that issue. Step One: the fee to deposit cash onto your account I use Paypal and they charge you €0.35 + 3.4% in fees. In order not have any loose change since converting into SLL can only be done with Units of Cash (no decimal points) you need to work out the net deposit amount For example: if you want €100 then you need to deposit €103.89 Step Two: Buy SLL with Euros Next go to the EUSLL exchange and pick market order (it rarely is better to put a limit order since the fees for a limit order are greater than the extra you might earn from going in the order book with a higher limit, it’s possible but chances are since this a rather illiquid you’ll never be executed). Limit order fees: 3.90% Market Order fees: 50SLL + 2.9% At the current rate 1EUR = 269.7SLL, 100 euros will get you 26140 SLL (and you paid 832 SLL in fees or about 3 euros) If you put a limit order hoping to get a better rate, the best offer rate is 273.9, so going just in front of that at 273.8 will get you 26314 SLL or 174 more SLL but the fees are 1068 and the chances of being executed are very small. To give you some perspective you start getting less SLL with a limit order at a rate of 271.9… because you pay more fees (I always go with the market order). Step Three: Buy BTC with SLL The exact same fees apply (2.9% +50 SLL) so again you want to go with the market order. At the current BTC/SLL rate of 59100 SLL for 1 BTC, with 26140 I can buy 0.4286BTC of which you paid 808 SLL or about 3 euros in commission.. At the very end to withdraw your BTC into your wallet you’ll pay an additional 0.005 btc leaving you with exactly 0.4236 BTC. Conclusion: The current market rate for BTC/EUR is 210.48 on kraken, at that rate your 103.39 euros would have gotten you 0.4935 BTC or 0.0649 more than with virwox… all in all the total commission for that trade is about 15.41% or about 16 Euros. On average the total commission is between 13 – 20 % it all depends on how liquid the different currencies are… it’s as if you bought 1 BTC at an exchange rate of 242.37 EUBTC which is a pretty large spread but given the convenience for small amounts and the speed (for 2 timers the btc withdrawal is instant) and the anonymity this is one of the easiest ways to get btc fast and securely. Any comments are welcome or any other website or cheaper alternative are more than welcome. Note though that you do not need to give any kind of identification on virwox.. although your paypal/credit cards details will reveal who you are.
https://preview.redd.it/s6uu8g27ul331.jpg?width=800&format=pjpg&auto=webp&s=115d0f1152d66546ee5aa61e1acd23c4c8dfb7b8 It was two years ago, June 11, 2017 at 2:40:26 AM EST, when delegate arkmoon officially registered on the ARK mainnet. It had been roughly 4 years since I'd even looked at anything crypto-related, considering the fall of Mt. Gox had shaken investors to the core. Back then, crypto was still mostly the Wild West. You could only get Bitcoin through sites like Virwox after losing 20-40% in fees as you transferred from PayPay to Second Life Linden to Bitcoin... or shady sites where you had to use Dwolla or mail someone a money order and pray they didn't rip you off... or try your luck mining some of the new Bitcoin forks (e.g. Vertcoin, etc.) but odds are you weren't going to break even for at least 6 months, and I was too poor to buy and hodl long term. When I heard "bitcoin" mentioned on a mainstream radio station in May, 2017, I scrambled to dig out old hard drives, CD-R's, laptops. Anything I might have had an old wallet on, but alas, I had sold it all in 2013 at a loss (anything that hadn't been stolen already). Ethereum. "Hmm, that's new," I thought. And so, down the rabbit hole I fell, trying to decide now what to invest in. Bitcoin, yes, and some Ethereum. Ok, but the blockchains for these took days and weeks to download before I could even use them. There were new exchanges, such as Kraken and Bittrex. The fees were lower, and so I got started. Then, one night in June, I found ARK. I'm not sure exactly how. Going through the list of coins available, ARK stood out in the fact that you didn't need to download an entire blockchain to start using it. You just downloaded the desktop wallet, and you had coins transferred in 8 seconds. So easy, it was something your grandma could do. And then I continued to read about it. What it was built on, and how it worked. "Delegated Proof of Stake", definitely more affordable and environmentally friendly than running GPUs and ASICs with thousands of watts for mining POW coins. "ARK, then." I registered arkmoon delegate in an effort to solve a problem. Back in June, 2017, Ark delegates had a problem with pool hoppers. Delegates would schedule manual payouts either once per day or once per week. And right before a payout would happen, these pool hoppers would jump in and vote, essentially stealing potential rewards from loyal voters. My initial delegate proposal was simple. Vote for me; I want to create a system that credits voters at the block-level, so they earn only if are voting for you, and you'll never have to worry about blacklisting pool hoppers again. I got virtually no support, which was frustrating. It got to the point where I simply removed myself from Ark from about June till September since no one had been voting for me. I'd like to take a second here to give a shoutout to delegate jarunik, who offered words of encouragement during this stressful time. Eventually, in October, 2017, a mysterious benefactor with over a million Ark decided to give me a chance by voting for me. Eventually, they slowly backed away while I gained my own voters organically through my dedication and higher share rate. For this chance, I am eternally grateful. Around this time, the first biz delegate was created from 4chan, fat-fingered his payout and was begging for my solution. biz or the person behind it lasted a week, then was voted out in favor of the much more responsible GoldenPepe and his team biz_classic, who were able to release the first block-level payout script that was eventually adopted by (most) delegates. I say most, because there were several who never adopted it, and suffered as a consequence. As time went on, we had our fair share of scammers; people who would write decent proposals, and would run off with their forging rewards. Delegates who had zero technical skill who doubled forged on the network. We've had a delegate publish their private passphrase on the blockchain. But all-in-all, things continued forward, and dedicated delegates appeared to mostly where we are today. Then, we hit the big bull run in December, 2017 and everything was peachy. I had only been a delegate for less than 2 months, and really didn't have anything accumulated, but 2018 looked promising, so I kept working hard on building e-commerce and tax assistance sites to support the Ecosystem. As we all know now, we've been full bear mode for the past two years, but I have stuck with Ark in spite of it all simply due to the dedication I've consistently seen from the core Ark team and its delegates. The Ark team has been consistently improving the stability and security of the blockchain, even as the price has fallen as low as it's been. Delegates such as alessio are dedicated solely on making sure the blockchain is secure, and delegates such as goose and I have been trying to develop useful tools to help both delegates and potential ARK users alike. We have cams_yellow_jacket producing professional videos, and thegoldenhorde continually impressing the community with their merch and awesome designs. Delegate arkland has amazing raffles. I can honestly say that I am proud to be part of this community. Now, with the Ark Deployer, we are starting to see new people pop up in the Slack channels, asking how they can start up their own blockchains. The first person to start up their own chain is an accountant by profession, with little server-side experience and was able to get an Ark sidechain running in less than 24 hours. The true Ark Ecosystem is starting to form, and I am hopeful for the future. I'd like to just take a moment to thank all my voters, and to all of you in the Ark Ecosystem for your continued support. I don't know what the future holds for us, but I am thankful for how far we've come.
You don't have to buy coin. You (anyone) can earn bch through tips here on reddit, or twitter thanks to /tipptippr or similar bots.
Anyone can also earn bch right now too on http://yours.org by posting updates that people might find interesting and/or useful. This is an amazing thing, and makes me think a lot of other platforms for earning are coming soon.
You can buy gift-cards using bch on https://cryptonize.it/product/amazon-gift-card/ - if amazn ships to you this means you can buy foods and stuff to live off of (rice/beans/soylent?etc). Disclaimer: I do not work and am not associated with any of these projects. This one it seems they're getting a lot of orders so they're still working out the kinks. (https://cryptonize.it/about/). This seems like a huge business opportunity to try and work around the stranglehold that visa and mastercard have on payments. - edit: I just realized (if they're in stock) you can buy other types of giftcards (instead of or including amzn) and sell them for cash on many card-to-cash websites, and sometimes even local kiosks.
Depending on where you are in the world some places, for example https://www.southxchange.com/ claim you can sell bch for fiat (if you really have to). YMMV and I have not done this. Remember, some banks hate crypto since it challenges them. If you're thinking of doing bank transfers to fiat from exchanges be careful - the bank may shut down your account! They may also cut-off links between exchanges at any time.
Some places like BitPay offer crypto 'debit cards' where you can fill up with btc (not yet bch?) and then spend it like you're used to anywhere visa is accepted, but don't expect these to be around forever because they rely on visa partnerships, so don't expect them to always keep fees low either.
If you don't like using Coinbase or other privacy-invasive services your options for converting bch to fiat are increasingly slim. You can try any number of exchanges that offer bch/fiat but keep in mind that security, sharing bank account info and ID info can be a big risk and sometimes the fees are huge, alternatives might include virtual exchanges such as http://virwox.com but the process goes something like BCH -> litecoin LTC -> to linden (exchange may not be cheap) -> to fiat to then withdraw fiat to skrill or paypal - fees might be steep there too and paypal hasn't been too friendly with this idea. But if you're thinking of going this route you can use Shapeshift to convert bch to ltc through coinomi.
The more places that offer ways to spend bch, the more local need for putting it back into fiat is not required. However, it is a catch-22 to expect merchants to be able to buy stock from others who are not using crypto yet and start accepting bch. Most people don't understand blockchain and with it crypto so if you're planning on asking your local shopkeeper to accept bitcoin you better have a way to make it clear to them the many advantages but also how they can use their own bch to buy produce/materials to keep the business running. (Maybe via #4). This (in my opinion) is the greatest barrier to wider bch adoption.
Hi guys, here is my problem: After seeing the Athene video , I tried to get myself into cryptos. I didnt know shit at first , it seemed complicated but i managed to learn the basics in a day. Decided to finally buy some Prps for myself but i hit a couple of brickwalls: I know that Athene is thinking about allowing investors into this crypto soon , and i feel like i will miss this one-time opportunity if i dont buy it soon. Time is running against me and i lack solutions for now. My problem is first that i dont possess a credit card. Ive tried to get one but they refused me because i dont currently have a job since i work in the construction sector (we dont work in winter). So i cant get my hand on a credit card for now. So i cant buy anything... Then i tried to go for a site that accept Interac-online but i learned that it require a week to do a single transfer. Its too long. Plus , every site i tried required a Verification that takes 3-5 days. Now thats almost 2 week.. its too long. And most of those verification also require a Credit card or other document that i dont possesses (Driver licence (lost it) , passport (not up to date) etc). Im also canadian and some sites dont allow Canadian dollars through interac-online. So i Bought a bunch of prepaid visa cards for Coinbase thinking it would work.. but it didnt. In short : -No time -No credit card -Bunch of prepaid card in hands -Canadian -Lacking documents
I know Paypal accept Prepaid cards but then how do i get Ethereum ? Paypal-Virwox(bitcoin)-shapeshift-metamask?? and how many time will it takes? Would it be fast enough before the real prps launch? Is there another way? Is there a site that allows Canadian prepaid card? A site that doesnt require a 5 days verification? Something i dont know? Please guys the sharks are coming and im not ready.
In order to buy Bitcoin, casual investors want to avoid the complicated process of setting up an account with exchanges or going the mining route – two rather detailed and laborious processes. Thankfully PayPal offers a more convenient method to acquire digital currencies.
How to Buy Bitcoins with PayPal through eToro
Pros: Accepts a variety of payment methods, low fees Cons: Not available in the US eToro is a platform that allows users to buy bitcoins with PayPal and is considered to be one of the easiest methods to do so. Worthy of note is that eToro does not enable users to withdraw or transfer bitcoins to other users, rather it allows users to sell Bitcoin only for fiat currency. Users do not need a bitcoin wallet to use eToro as they do not store any coins.
How to Buy Bitcoin with PayPal through VirWox
Pros: A reliable method Cons: High fees VirWox (Virtual World Exchange) – It is a platform that allows trading of digital currencies such as Lindens, Bitcoins, etc. This exchange has more than 400,000 registered users and is an authorized reseller of Second Life Lindens (SLL). Here is a step-by-step guide taking you through VirWox:
Go to VirWox.com
Open an account – login to Virwox, register and fill personal details like username, email address, etc. Skip when asked for “avatar name” and enter all other necessary information and click “register”.
Activate an account – a confirmation email is sent to your account with a password. Login to Virwox with these credentials. It is advised to change the password before transferring money.
Deposit money through PayPal – to do this, ensure you have an account with PayPal and ‘understand terms of service’ allowed by PayPal for using SLLs to buy bitcoins. Deposit money into Virwox account via PayPal. Now you have a balance in your VirWox account to purchase coins with.
Go back to VirWox and buy SLL, and then buy bitcoins with your newly purchased SLL. Click “withdraw” to send your new bitcoins to your wallet. That’s it! Now you own Bitcoin!
VirWox charges fees for each transaction such as exchanging USD for SLL and then exchanging SLL for BTC. The fee structure of VirWox changes constantly so keep an eye on this every time you want to make a transaction. VirWox has been in the market for a long time and is currently the most reliable platform.
How to Buy Bitcoin with PayPal through Local Bitcoins
Pros: Various sellers from all around the world Cons: High fees, chances of scams Local Bitcoins is another marketplace where buyers and sellers meet. In this method, users can buy bitcoins with PayPal by finding a suitable seller with an excellent feedback score and large trade volume. Trading with new buyers involves higher risk, so sellers charge buyers high fees – keep that in mind!
Enter search parameters – go to Local Bitcoins and select your country and choose the amount to be purchased.
Choose a seller – a list of sellers is displayed by Local Bitcoins. Choose a seller who has a good feedback score. Each seller has trade limits which range from a minimum to a maximum amount of bitcoins required to trade.
Go to Payment window – buyer’s reputation increases per transaction and sellers prefer to sell bitcoins to buyers with a good reputation to avoid becoming a victim of fraud.
Complete the trade – after finding a suitable seller and entering the quantity of purchase, click “Send trade request” and your done!
How to Buy Bitcoin Using PayPal through Wirex
Pros: Normal fees Cons: Withdrawing funds takes more than a week Wirex is a leading company that provides virtual and physical bitcoin debit cards (which is just like a normal debit card). Users can use Wirex’s card to buy bitcoins with PayPal.
Request for a new physical/ virtual debit card from Wirex – login to Wirex and click on “request new card” and choose the card type. Users can use both physical and virtual cards to buy bitcoins via PayPal.
Link debit card details to PayPal account:
In PayPal account, go to “wallet”, select “add a card” to add your virtual bitcoin card. A minimum of $3 is required in PayPal account to verify this card.
A 4-digit code is generated, which is the verification pin for Wirex cards on PayPal.
Go to “wallet” and click “Withdraw funds” and choose “withdraw funds to your card” option.
Withdrawal would take up to 7 days to appear in Wirex account.
Buy bitcoins with Wirex debit card.
How to Buy Bitcoins Using PayPal through Paxful
Pros: Wide range of sellers from all over the world Cons: Chances of scam, high exchange rate Paxful is the latest version of Local Bitcoins. It is a decentralized peer to peer marketplace and allows users to buy bitcoins with Skype credits, Amazon gift cards, etc. In Paxful, a seller sends bitcoins, buyer purchases and sends dollars to escrow. Once the trading is completed, funds are released to each party. The process to buy bitcoins through Paxful is:
Create an account
To buy, select payment method by entering the desired amount
To sell bitcoins, select “seller manually” or allow Paxful to decide who the best seller is.
So, I bought some Bitcoin through Virwox in 2013. The plan was to buy some, forget about it and see what happens. Well, it's time to dig up those bitcoins but I dont know how, and I think they might be lost forever. I can find the transaction from VirWox, and my wallet bitcoin address. But I dont know how to access those bitcoins.. My computer got f'd up during the last 4 years so whatever wallet I might have had are gone. I dont remember choosing a 12 word phrase back then with which I could restore my wallet. I think I used MultiBit, and I have the wallet name (xxxx.wallet) and a password, but I cant seem to be able to access it with those.. I think I need the phrase which I dont remember choosing. So, are my bitcoins toast? :-/
Trading DOGE: Your full guide to trading Dogecoin for profit
NOTE: YES! This guide is long, but when you get started it's fast and easy. Hi everyone, my previous post about PTC's got so much hate. So I decided to make a full guide on how I made $120 last month. If the same interest and numbers remain you'll be making $100/month for two months, and $500/month for another month. On your third month, you'll be able to make over $750 if the market remains. These last couple of days I've just bought low sold high to people. The steps are really simple and anyone can do it, I'll show you all the steps in detail for maximum profits. Disclaimer: I am not responsible for your money or actions. Any accusations to me (Rynsi) will not be accepted, use it on your own risk! 1. Introduction 2. Get started with Dogecoin 2.1 Install your wallet 3. Choose trading sources 3.1 USD/BTC 3.2 BTC/DOGE 4. Where to sell Dogecoin? 5. Good advise 6. Summary 7. Proof of Screenshots for the naysayers 8. Links 1. Introduction I started trading Dogecoin (I'll talk about this coin soon) 5th of February, and saw a great potential in making money with it. With this guide, you'll make 15%-30% of your money back with each trade because the current market is limited, therfor YOU can provite this service that many people request. I started with $72 and now have $220, which makes my ROI 205.5%. I will show you how it's made step by step before it blows up and become viral! 2. Get started with Dogecoin You can use it to buy goods and services, or trade it for other currencies (both other cryptocurrencies or traditional currency like US dollars). By far the most popular use the Dogecoin however is for "tipping" fellow internet-goers who are creating or sharing great content. Think of it as a more meaningful "like" or upvote, with real value that can be used all across the internet. 2.1 Install your wallet To start using Dogecoin, you'll need a wallet. A wallet is just like your online bank account, only your entire account is stored securely on your local computer or in the cloud. From your wallet you can send and receive Dogecoin, manage your address book and review a history of your transactions. Desktop wallets can be downloaded and run from your computer's desktop. Desktop wallets are more secure as they don't rely on a third-party server in the cloud: Windows (click to download) OS X (click to download) Source code(if you're using Linux, you'll need to compile the wallet yourself) For Windows and OS X users, simply extract the .zip file to a secure location on your computer, then double click on "dogecoin-qt" to run. For information on how to use your desktop wallet, check out this great site. 3. Choose trading sources You know now how to get a Dogecoin wallet, but you will need to get an online wallet to save USD on, one exchange site to trade USD to BTC and one to trade BTC to DOGE. It might sound a lot to do in the startup phase, but it's really easy once you get going! 3.1 USD/BTC Exchange There are a lot of options when it comes to buying BTC, but for now VirWox is the only one that accepts PayPal and VISA purchases. You can choose many different kinds of sites that accept USD/BTC trades, that is another story that is another story to be told. VirWox has a limit of depositing $780 per month, but after 60 days you can deposit $2800 per month, so trading as much as possible will be the best thing to do if you want money. USD Storage: PayPal USD/BTC Exchange: VirWox (ref / non-ref) To deposit dollars with (VERIFIED) PayPal to VirWox, you need to be a verified user. This is to prevent frautend actions such as chargebacks and instant payments. The deposit will be instantly made after you complete the order and you can start trade. To trade, you first have to buy SLL with the USD on your account [!!!WARNING!!!] USE LIMIT ORDER and NOT market order. Now do the same, but with the SLL/BTC exchange. I repeat, do NOT use the market order. Use LIMIT ORDER to get as much BTC as possible. You have now successfully completed a USD/BTC exchange! 3.2 BTC/DOGE Exchange This step is almost similar to the previous Exchange, but this step is only with Crypto-currency (read Bitcoin and Dogecoin). BTC/USD Exchange: Cryptsy (ref / non-ref) To exchange to BTC, you need to withdraw your BTC from VirWox to Cryptsy. This is made in the Cryptsy balance page, where you can generate a BTC deposit adress. Unfortunately, you have to wait 48 hours the first time for VirWox to accept your deposit manually due to security reasons, all the other transactions in this guide will be almost instant. Now when you have BTC on your Cryptsy account, you have to do the same as you did with USD/SLL and SLL/BTC, really easy! When you have traded to DOGE, your downloaded Desktop Wallet comes in handy. Deposit the DOGE from Cryptsy to your Desktop Wallet and you're ready to go to the next step! 4. Where to sell Dogecoin? This is a great surprise I have waited to tell you, you use REDDIT to sell Dogecoin! It's really easy to do. Go to /dogemarket/new and see what the current prices are. You can sell for the same price as others, undercut for faster sales or overcut for slower sales (but bigger profits!). You structure the post by [SERVICE] AMOUNT RATE PAYMENT TYPE (SPECIAL OFFER). Here is an example, my last post where I sold Dogecoin. If you follow my conversation in that post you will see how typical trades are being made. When you have traded the Doge you can make a post on the /dogemarket verification thread where you achieve levels that will be shown for other users through your flare. Notice the orage flares, those indicate level of trades, age and amount you have traded. These are good for noticing legit and fake users, but always be of scammers! 5. Good advise A. Only accept GIFT (friends and family option) from (VERIFIED) PayPal, DO NOT accept eChecks or transactions that has to be accepted first. eChecks and Instant payments can be chargebacked and gifts will prevent this from being possible. B. If you have reached VirWox deposit limit, wait a while to see how the BTC/DOGE market is going. You might make some extra 1000's of DOGE if you wait a while. C. Always be nice and kind to the DOGE community, they are really friendly, patient and polite, be so too! D. Try to be fast in your transactions on /dogemarket, good service equals good reviews. E. PEOPLE WILL TRY TO SCAM YOU! Always check for names including "shibe" or "doge" and new accounts. F. Have fun! If you have fun trading and communicating with other people on Reddit, you will enjoy yourself and have a better time making money. 6. Summary: A step by step guide to make $100+/month (and $500+/month after 60 days if market remains) Download your dogecoin wallet. Sign up to PayPal, VirWox and Cryptsy. Add money to your (VERIFIED) PayPal account. Deposit the money to VirWox. Exchange money to SLL. Exchange SLL to BTC. Withdraw BTC to Cryptsy. Exchange BTC to DOGE. Withdraw DOGE to Desktop Wallet. Make a post on /dogemarket. Recieve PayPal money from buyer. Send Dogecoin to buyer. 7. Proof of Screenshots for the naysayers PayPal Proof VirWox Proof Cryptsy Proof Desktop Wallet Proof As if you haven't seen the whole iceberg, here is my reddit verification post 8. Links Dogecoin Promotional video(a must watch) Dogecoin Subreddit Dogecoin Official website Bitcoin Subreddit
This is my first guide: making over $100/month with a $72 investment. When your VirWox account is 60 days you'll make $500/month and when your VirWox account is 90 days you'll make $750/month (if market remains as it is). I think it's a big effort by me trying to teach you how to make money, so I would really appreciate you using the referral links. If you find any errors in my guide, please don't hesitate to tell. I will be answering any questions regarding my guide as good as possible doesn't matter if you comment or PM. I'm accepting any donations, DHKzSsCVpv5QuJvHxWKENH9SKC3S58raBx Thanks. TL;DR Wanna be rich? read. Edit: Formatting
I've been searching around, and I've seen this question asked a lot. But it always gets a bunch of different and conflicting answers, and the OP never seems to update with his eventual solution. I'm sorry if you guys are tired of hearing this. I have a few hundred dollars in Visa Gift Cards, and I'd like to use it to purchase bitcoin. This will be my first purchase so it's all very confusing. The gift cards have the word "Debit" on them, if that means anything. I've found that you can use gift cards to buy Linden dollars from VirWox and then exchange them for bitcoin. But it seems that this could take up to 48 hours for some reason. Is this the case? If so, I'd prefer a more speedy method if one exists. Also, VirWox seems to have a really low max amount (like $90 iirc) that you can buy at once. Is it possible to make multiple purchases at the max amount in a short time? There are some people on LocalBitcoins who accept Visa Gift Cards, but they're charging like 150% the going rate for bitcoin, and I'm worried about being scammed. How can I know if users on LocalBitcoins are legit? Some people claim to have had success with Circle, others claim no success. It seems to be pretty hit-or-miss. So what's the deal with Circle? I've seen bitquick.co mentioned. All of the listings on their site say "Bank of America," "Any local credit union," "US Bank," etc. Is it possible to buy bitcoin with my gift card on bitquick.co, and how do I go about it/which listings can I use? Purse.io has been suggested. I don't know much about it. How does it work? I'd appreciate any advice on using these sites or any others you guys know of. I'd love it if I could find a way to purchase my coin in less then 24hrs, but if I must use VirWox and suffer a long wait, I guess it is what it is. Thanks everyone!
Where and how do you acquire your crypto? Is it still as archaic and backwards as it was before?
You could say I’m a slight newbie, but I’ve been lurking around for ages now. I was buying bitcoin back when the virwox method was still active, so I do know a couple weird ways to acquire it, but now with all the new kyc regulations etc I’m really stumped with how to acquire any crypto. It seems like all the major websites want you to go through 5 verification steps before you’re able to even purchase any... I have Coinbase, I also have bitpanda and yes, I have used localbitcoins etc before. I’ve even got revolut (but they’re quite useless as, you can’t send your crypto outside of the app itself). One of my issues is that I have a company registered card and due to it not being classed as “personal” I can’t make transfers to most localbitcoins sellers as they only want to deal with you if your name etc matches exactly with your account (which is understandable, but cmon, I can’t buy all my crypto from my personal account as I’m risking my bank closing my account). What I’m asking is has anything easier come out that doesn’t request to track your blood and dna samples? I know PayPal/Neteller etc is a bad method, but surely there are alternative payment gateways to get crypto apart from wire bank transfers? Isn’t this also the massive hindrance behind why people avoid getting into crypto? Imagine being an average joe, forced to send in 5 scans of your passport and ID with selfies, ofc most will refuse and just go back to using fiat.... what’s the point of this movement if acquiring the currency is 10000 times more difficult than going to your local exchange point?
Hello there! I like following the stock market and such, so I decided I should get into buying Bitcoin. However, nothing is working at all! I tried Coinbase, I used my debit card, I bought a whopping $14 worth of BTC, and then they stopped accepting my card, and they're not telling me why. I try purchasing some with PayPal on virwox, and that doesn't work. I try using my debit card on virwox, but virwox is unable to process the payment. I looked at Paxful, but I would end up losing so much money just to buy the Bitcoin that it's not worth it. I don't know what else to do guys. If you have any advice on how to buy Bitcoin with a debit card or PayPal or something, I would appreciate that SO MUCH. I'm sure this is a noob problem, but it seems like it's purposely hard to get Bitcoin, which is quite frustrating. I've been trying to figure this out for days, and I need some help. So, thanks for reading, and if you could help and share some words of wisdom, I would seriously love you, thanks!
Mine was infinitecoin. Back in 2013 I had no idea how to buy bitcoin. So I checked ebay and there were selling many kinds of coins. Feathercoin, infinitecoin and other btc-e coins. Someone was selling one million IFC for 8 dollars. I paid the money, he sent me the IFCs. After that I bought BTC from ebay too. Then I discovered virwox.
PSA-Only you can help prevent Bitcoin scamming. Please upvote for visibility. I receive no karma for this post.
I just wanted to make sure to let everyone know that there are a couple of active attempts to scam you, the users of /SilkRoad, out of money. Some red flags:
Very lazy usernames consisting of keyboard mashing
Accounts only used to post links to a certain website
Obnoxious repetition of copy/pasted messages
Posting links to an exchange in utterly unrelated threads
Selling Bitcoin for far under market value
Offering bulk discounts on Bitcoin
References to SR or Tor in the site
Use of links using URL shorteners such as redd.it
Links containing spaces
Acceptance of Paypal or other credit/debit to directly exchange for Bitcoin (Virwox uses SLL as an intermediary)
Some specific scam sites:
I think we're doing alright killing the spam/scam comments when we see them, but it makes it much easier for us when you report them. Please don't just downvote. On a related note, please don't report people for being dicks. That's still not against the rules. If it were, I'd've been banned ages ago. I'm sorry if some of this seems like common sense to you. I just wanted to help get this information out there for those of you who are still a little new to this. We put together an FAQ with some links to resources on how to get Bitcoin all over the world: http://www.reddit.com/SilkRoad/wiki/frequentlyaskedquestions#wiki_how_can_i_buy_bitcoins.3F EDIT: I almost forgot to mention the most recent creative attempts. A user called SR_Support has been PMing users claiming to represent SR. The user solicits a deposit for you to be considered for a job handling trouble tickets for SR. Needless to say, this is a scam. Thankfully, I don't think that one has worked at all.
Easiest and fastest way to buy and store cryptocurrencies?
So I have been reading a lot the last couple of weeks and I understand the basics, but there are still some things that are a little complicated. So there seems to be a whole lot of cryptocurrency exchanges that have a lot of problems. Some log you out and have bad customer support etc. Dont want to store anything there. The 2-step verifications also seem to be more vulnerable to hacking etc. So fast and simple. What I want is to buy and hold. SO buy from a site and then tranfer to a wallet and hold, then tranfer back and sell after months or years. So one way seems to be to use Virwox, then buy cryptocurrencies there. Now first, are these sites safe? And second how can I then transfer this to a wallet? But then again, many seem to only sell Bitcoin, so say I want to buy Litecoin, would I then need to buy Bitcoin on say Virwox then use a site like shapeshift to then convert to Litecoin, how where I to then transfer this to a wallet?And say after 3 years I want to sell, to where and how would I then transfer the bitcoin/litecoin to and sell? Sound like a noob, but I want to be 100 % sure before I do this.
Just thought I'd share my 2 hour journey on finding lost Litecoins, spoiler alert, they're gone. So I decided I would find my long lost litecoin wallet, so I dug through my Google account history, and found 4 results for Litecoin dating back to 2014, one of them linked to litecoin.info ( Which seems to be down ) so I accessed it through web.archive.org and found the link in question, how to buy litecoins. It suggested buying with PayPal through a website called VirWox, which as soon as I clicked on, I recognized. Like 15 minutes later, I had recovered my VirWox account and as I thought, I bought $5 worth of SLL in Jan 30, 2014 which I would then trade for LTC since apparently buying Litecoin with PayPal was against TOS (Not sure if still is). The guide then said to transfer them to an exchange. After searching for all the exchange names in my E-Mail history, I finally found one about my account registration with Cryptsy, only to find out it's now bankrupt, aaaand I missed out on the lawsuit dates. R.I.P. My fraction of a Litecoin, you'd be worth around a hundred today. P.S. I also found that my first Bitcoin search was "what are bitcoins" on Oct 20, 2012. Oh if only I had bought back then... P.P.S. Obligatory nightmare story about selling 33 Litecoins years later for $280, nice.
An exercise on buying bitcoin with a credit card or paypal on Virwox
I keep seeing posts here by people wanting to know how to do this, or other people advertising the method using Virwox.com. You CAN get bitcoins this way, but it IS expensive. I have done this many times because I sometimes get given money by paypal, and I cannot withdraw it to a bank account, so need to spend it online. I checked my paypal balance and saw I had 170 Euros in it, so decided to do an exercise to see how many bitcoins I can get for that using Virwox. This is the result:
Started with 170 EUR Deposit into Virwox via Paypal = charges of EUR 0.35 + 3.4% Total landed into Virwox account: = 163.89 Convert to SLL: I want to sell 163 EUR, and get at least 51,547.97 SLL. Note: The above amount already includes our exchange commission of 50 SLL + 2.90%. Convert to BTC: I want to buy 0.223 BTC, and pay at most 51,597.93 SLL. Note: The above amount already includes our exchange commission of 50 SLL + 2.90%. Total after conversions: 0.223 BTC = 145.6 EUR on Bitstamp
Moral of the story, ONLY do this method if you have no other alternative. TL;DR - Pay 170 EUR for 145.6 EUR worth of BTC if you use Virwox to by using paypal or credit card.
So I have researched bitcoin for sometime. I've researched many ways to buy bitcoin. I was looking for the fastest most convenient way to buy. I first tried VirWox, buying Linden and then trading into BTC. I loved the idea, BUT I don't have an actual bank account. I use BlueBird from AMEX and WalMar Money Mastercard. I could not use on Virwox. So I decided to go to LocalBitCoins. I made a sucessful trade for $100 worth of BTC using BlueBird to BlueBird transfer. I then transferred the BTC to a wallet I had established. I was happy with the experience so I was going to save some extra $$ to trade. Fastforward 2 weeks I had an extra $250 and I knew what I wanted, BTC! So I logged on to my localbitcoins account and found a different seller that took BLueBird. Trade went thru after some communication and as soon as the BTC was released into my wallet within the SAME second it was sent to a Wallet I did not recognize!! I mean it was FAST! So i hit the localbitcoins forum site and was explained I had been a victim of phishing!! DAMN I FEEL DUMB!! Reflecting now after a few days passed I just can't wrap my head around how it was sent from my wallet so quickly after being released from the seller. I am asking for any insight or has anyone experienced this same bullshit?!
So I know a lot of people have been asking about this (and so was I) so I finally found a way to buy Bitcoins with PayPal. The whole idea is to circumvent the direct purchase of BTC with Paypal with buying SLL (Second Life Lindens) and then exchanging them for BTC. You can find the original post on my Facebook notes here: https://www.facebook.com/notes/ofir-beigel/buying-bitcoins-with-paypal-or-with-a-credit-card/10151639487083203 If you want a short rundown of how it's done then here's the deal: IMPORTANT: 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. Step 1: Go to VirWox. VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more... Step 2: Open a free account Click on the "not registered yet" to open up a new account. Step 3: Fill out our personal details Fill out your username and email address. Where it asks for "avatar name" just fill out any name you like it doesn't matter, since you're not going to play Second Life. Continue filling out all of the personal details and click "register". Step 4: Activate your account Once you clicked "register" you will get an email confirmation with an initial password. Open the email and log into VirWox with your initial password. Step 5: IMPORTANT!!! Change your password! After clicking the confirmation link it is advised you change you password as shown below since you will be transferring money through this site. Do not worry about the message saying "Your avatar connection has not been validated yet" - it is irrelevant. Step 6: Fund your account through PayPal Click on deposit on the left side and choose PayPal Express. Fund the account with how many USD you'd like. 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 Step 7: Buy SLL 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. Note: If you haven't made a deposit yet you will get the screen shown above requestion you to deposit before you buy SLL. Step 8: Buy BTC with SLL Once you have SLL in your account, go to the BTC/SLL and buy Bitcoins with your SLL. Step 9: Withdraw your Bitcoins Choose "Withdraw" on the left side and send the Bitcoins to your wallet.
Oh man how long will it take to get a good way for buying dogecoin without creditcard? I don't have one so I needed to deposit money in PayPal account (which takes ~4 days), then deposit it ti VirWox te buy SLL with it, then bitcoins with it (all rather in an instant) but THEN, withdrawing the bitcoins from VirWox has already taken 2 days and still waiting, in this time dogecoin went from 60 satoshi to 125! so I could've doubled my money if I had the ability to buy when I wanted... Really frustrating is what it is...
VirWoX operated for more than 12 years, first as a place to buy and sell Linden Dollars for Second Life, and since April 2011 our users also traded Bitcoin. That made VirWoX the world's oldest Bitcoin exchange after MtGox closed in 2014. We wish to thank our more than a million customers for their loyalty in all these years. Bitcoin values are increasing day by day and you might be thinking to invest some amount into it. But One of the biggest issues nowadays in Bitcoin is the fact that you can’t buy it very easily. But in this method, I’m going to tell you the best way through which you can Buy Bitcoins Instantly with Paypal using VirWox.. As there is no direct way to Buy Bitcoin using Paypal as Bitcoin How to buy bitcoins. Technically, VirWoX only supports the exchange BTC for Linden Dollars. However, you can first buy Linden Dollars for real-world currency, and then buy BTC for your Linden Dollars. It is not necessary to open a Second Life account to do this. 3. Create a VirWox Bitcoin address. You will need to create a bitcoin address inside the VirWox exchange in order to safely deposit your bitcoin to the exchange. On the VirWox site interface you will find a menu on the left side; click the Deposit option. Scroll down to the “Bitcoin” section and obtain your VirWox bitcoin address. VirWox. VirWox entered the market in 2007 as a virtual exchange for digital currencies used in video games. The platform allows you to purchase Linden Dollars using PayPal or a credit card. Linden Dollars are the digital currency used in the video game Second Life. Bitcoin, along with some other game currencies, was added to the platform in 2011.
Buy Bitcoin With PayPal Without Verification Or ID Using VirWox #VirWox #paypal #bitcoins 2019
This video shows you an option to buy purchasing bitcoin without verifications, using driver's license, or identification to purchase bitcoin with Virwox. VirWox also gives PayPal users and option ... However once after you buy bitcoin it's a manual process that take up to 48 hours to be cleared into your bitcoin wallet. Despite the fees of VirWox this video shows you step by step as and option ... How To Buy Bitcoins With A Credit Card Without Verifications : VirWoX Buying and selling through Localbitcoins anonymously using cash - A Tutorial ZebPay Deposit & withdraw funds buy & sell bitcoin Buying Bitcoins with PayPal - VirWox - Better Don't ! ... I guessed in the video that all of you heard about Virtual World Exchange or VirWox for short which allow you to buy Bitcoins with Paypal ... Also if you were really looking to buy bitcoins with funds from your PayPal account, then simply take 5-10 mins to verify your account and request your Wirex Visa debit card. With the card comes a ...