Sunday, January 12, 2014

How to buy bitcoins using paypal or credit card

There is no direct way for buying bitcoins or other cryptocurrencies with paypal. The reason behind that is that Papal paiements can be reversed while bitcoin transactions cannot. A buyer can pay with Paypal, recieve the bitcoin and then make complaint and cancel the paiement.

You can however use your paypal account to buy bitcoins by following the steps detailed bellow:

virwox is exchange site for vitrtual currencies. In particular, the site exchanges Linden dollars for US dollars, euros, swiss francs, .. and bitcoins. The Linden dollar is the virtual currency of the virtual reality game and social network "Second life". You can open an account, fund it with US dollars, euros or swiss francs using paypal or credit card. Then buy some Linden dollars and exchange them again for bitcoins.

Click here to open a virwox account :

VirWoX 

You need first to deposit some funds in your account . You can use one the available options:
- Paypal
- Credit card
- Bank transfer
-...

Go to "Exchange" section to buy Linden dollars for your mony.

Again, in the "Exchange" section, you can sell your Linden dollars for bitcoins.

Finnaly, you may withdraw your bitcoins to an address of your choice. To do so, go the the "Withdrawal" section, enter the amount of bitcoins you want to withdraw, your bitcoin wallet address and confirm the operation.


1 comment:

  1. This comment has been removed by a blog administrator.

    ReplyDelete