[Guide] How to buy Bitcoins with Paypal

Buying Bitcoins with Paypal

  1. First you need a Bitcoin wallet, if you solely use Bitcoins for upgrade we recommend coinpayments O R Freewallet.org for the ease of use as signup process.
  2. The easiest way to obtain Bitcoins with Paypal is through VirWox
  3. Alternative you can also buy Bitcoins through LocalBitcoins?

How to use VirWox to buy Bitcoins with Paypal

You can't buy Bitcoin with PayPal directly at VirWoX, but it's possible to first buy Second Life Lindens (SLL) and then trade your SLL for Bitcoin. This process works perfectly, but in the end will cost you about 10% in fees.?

Pro: The easiest and perhaps most likely only reliable way to purchase bitcoins with PayPal
Pro: VirWoX does not require an ID to purchase although you may be required to use a verified PayPal account.
Con: Convenience at a price, around 10% in fees to buy bitcoins with Paypal

Note: You may need to wait a couple days after opening a VirWoX account before you can deposit money/withdraw bitcoins.?

After your first deposit, future deposits can be made instantly. Your initial buying limit is $90 per day or $270 per month, although these limits grow quickly with time!

Remember that you'll need a Bitcoin wallet to withdraw your coins to after your buy, this can be a coinpayments?wallet, freewallet or any other bitcoin wallet you like.

VirWox step-by-step instructions to buy BTC with PayPal

  1. Open an account on VirWoX, from the home page, click on ¡°Not registered yet?¡±
  2. Enter the details for your account. Don¡¯t get confused by the section titled ¡°Link to avatar¡±. You can leave this untouched.
  3. Check your email, at this point, your account has been created. A temporary password will be emailed to the address you provided in step two. This password is temporary and MUST be changed. If you don¡¯t change this password within 24 hours your account will be deleted.
  4. Change your password, once you login with your temporary password, click on ¡°Change settings¡± in the left sidebar. Create a new password. Make sure you choose a strong password, since you're dealing with money!
  5. Deposit from PayPal, click on ¡°Deposit¡± in the left sidebar. Deposit and select amount, scroll down a bit to find the option to deposit with PayPal. Enter the amount you want to deposit on the left and then click the ¡°Checkout with PayPal¡± button.
  6. Verify your account balance If you followed PayPal¡¯s directions successfully, you should now see a balance in your VirWoX account. Note that the amount displayed in your VirWoX account may be slightly less than the amount you entered this is because PayPal charges a 2.9% + $0.30 fee per deposit.
  7. After this, click on ¡°USD/SLL¡±. If you deposited with EUR then click ¡°EUR/SLL¡±. Trade your currency for Second Life Lindens You can see in the top left of your screen that you have a balance in SLL. If you now have SLL, that means everything has gone well.
  8. Now click on ¡°BTC/SLL¡± in the left sidebar. Now we¡¯re going to exchange our SLL for bitcoin. Trade SLL for BTC, the process is the same here. Simply enter the amount of BTC you want to buy and click ¡°Next¡±.
  9. That¡¯s it! You should now see your balance in BTC displayed in the top left of the screen. You¡¯ve successfully bought bitcoin with PayPal.
  10. Now you can withdraw your Bitcoins to your wallet, at the left sidebar click withdraw and enter your Bitcoin wallet address.
How to use LocalBitcoins to buy Bitcoins with PayPal

We don't recommend buying Bitcoins through?LocalBitcoins?but if VirWox is not an option to use then there is still LocalBitcoins. The prices are much higher than VirWox.?

Con:?Convenience at a price, around 20%+ in fees to buy bitcoins with Paypal

LocalBitcoins?step-by-step instructions?to buy BTC with PayPal

  1. Open an account?on?LocalBitcoins, from the home page click 'signup for free'
  2. Enter?the details for your account.?
  3. Accept?the Terms of Service and Privacy Policy
  4. Check your email,?to veify your account
  5. Search for advertisements.?Go to the main page?and in the search box fill in the form with the amount you want to buy in your currency, your location and choose a payment method. If you're unsure how you want to pay, choose "All online offers" as your payment method. The site will list bitcoin traders available in your region.
  6. Select an advertisement.?From the list of advertisements, choose one from a trader with a good reputation score and a high amount of trades. The response time indicator shows if a trader replies within five minutes (green), within 30 minutes (yellow) or slower than 30 minutes (grey). You can click the 'Buy' button to view more information about an advertisement.
  7. After you?press the 'Buy' button?you'll see more information about the advertisement, including the terms of the trade. Read through them before submitting the trade request, if you don't agree with them you can go back to the previous page and choose another advertisement.
  8. Start the trade,?type in the blue box how much you want to buy, enter a message for the seller and click the?Send trade request?button to the start the trade.?Be sure you're ready to pay when clicking the button, if you don't pay before the payment window is over, the trade will be automatically cancelled.
  9. Mark payment complete.?Once you have made the payment, click the?I have paid?button. Once the trader has verified that your payment has been received your Bitcoin will be released from escrow and they are instantly available in your?LocalBitcoins wallet.?
  10. Now you can withdraw your Bitcoins?to your regular wallet, at the LocalBitcoins wallet click send and enter your Bitcoin wallet address.