How To Buy Bitcoins With PayPal, Credit Card
Ever wondered how can you purchase some bitcoins with Paypal, Credit Card, UKASH, Paysafe Card, Money Bookers, Sofort banking or Neteller etc. As you know, major Bitcoin exchanges do not allow funding through Paypal or Credit Card, due to various cases where someone pays for Bitcoins with Paypal, Credit Card then receives Bitcoins and fraudulently complains to Paypal or their credit card company that they never received the goods.
Imagine purchasing bitcoin in a country like INDIA, all we can find is third party retailers, selling at high price via localbitcoins.com, ebay.com etc. Buying Bitcoins from individuals using PayPal / Credit card is possible, but requires mutual trust. Well, here we found a little long but easy way to sale / purchase bitcoins with your Paypal, CC and some other sources.
First of all, have a little walkthrough about how this work >> Go to Virwox and register your account >> add funds to your account via paypal / credit card / paysafecard >> buy linden$ (SLL) >> buy bitcoins with your linden$ >> Finally send your bitcoins to your wallet.
Following are more detailed instructions with visuals.
Step 1. Go to Virwox and register your account. Ignore message saying Your avatar connection has not been validated yet.
Step 2. Add some funds to your Virwox account, you can add funds via various ways, including Paypal, Credit Card, UKASH, Paysafe Card, Money Bookers, Sofort banking or Neteller.
Step 3. Now convert your USD / EUR in to SLL (Linden $). Those who don’t know, Linden $ (SLL) is currency of The virtual world, Second Life.
Why Linden Dollar ? Because direct trading from $ / € to Bitcoin is not possible. That’s why you have to take alternative route via Second – Life Linden$
Step 4. Now go to BTC/SLL exchange and buy bitcoins of your desired amount.
Step 5. Congratulations, now you own bitcoins in your Virwox wallet, you can transfer these bitcoins to your personal wallet. Simply go to Withdraw section, first option is bitcoin withdrawal. Now add bitcoin payee address and hit the withdrawal button.
Step 6. That’s it. If you like the post or still have any doubt, post it in comments section right after the break.