Several individuals
need to purchase bitcoin with PayPal because it's a common mean of online
payment. Even though PayPal transactions are
reversible, the Bitcoin payments are not. This creates
risks for buyer and exchanges who allow users to change PayPal to bitcoin.
Yet, purchasing
bitcoins with PayPal is still possible but with high fees. There are two good
ways to buy bitcoin with PayPal: LocalBitcoins or VirWoX
Because there is
a greater risk of fraud when purchasing bitcoins with PayPal on LocalBitcoins, this
guide is going to teach you, step-by-step, exactly how to buy bitcoins with
PayPal on VirWoX.
Strictly, VirWoX
is not a Bitcoin exchange. It mostly helps people to buy Second Life Lindens, a
currency used in the virtual world Second Life. At VirWoX., you cannot exchange directly the Bitcoin with PayPal, but you would
first of all buy Second Life Lindens (SLL) and then exchange your SLL for
Bitcoin. This procedure works flawlessly, but the transaction would cost you
about 10% in fees at the end of the whole transaction.
This alternative made VirWoX the easiest and most popular way to buy bitcoins with PayPal.
