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How to Buy Bitcoin with PayPal

How to Buy Bitcoin with PayPal
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.

Final Thoughts…

Cryptocurrencies are tentative, complex and involve high risks as they are highly volatile. Before buying bitcoins through PayPal, ensure that the terms and conditions of PayPal and bitcoins are well – understood to make your transactions secure.
Source: CryptoCurrencyNews
https://preview.redd.it/3ripk7pccui11.png?width=983&format=png&auto=webp&s=027e30696faa3bb18ad0d012cea1d88cda09dc67
submitted by Lumi_wallet to LumiWallet [link] [comments]

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

Bitcoin Official website

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
submitted by Rynsi to beermoney [link] [comments]

Can't sweep BTC to electrum or any other wallet

The problem I'm facing is as follows;
I had a lot of money in paysafecard, which I turned into bitcoins on virwox.com. From that website I sent 0.0032 btc to a newly generated address on Bitcoin core - 3J2tCijTKQLd6jtf3nk8QTtLa73xkVhgfk. (https://blockchain.info/address/3J2tCijTKQLd6jtf3nk8QTtLa73xkVhgfk).
Now, what I didn't notice before sending to Bitcoin Core was the long syncing time, and I didn't have any space on my harddrive to download all the shit. Therefore, I went into the Bitcoin Core console:
- dumpprivkey 3J2tCijTKQLd6jtf3nk8QTtLa73xkVhgfk (didn't encrypt the wallet so I could type that command straight)
- got the private key
- tried to sweep it into electrum
- got error "No inputs found. Note that inputs need to be confirmed".
The private key was " Private Key WIF Compressed 52 characters base58, starts with a 'K' or 'L'", so I tried to convert it to an uncompressed WIF key, starting with 5K via bitaddress.org.
When I tried to sweep the btc to electrum with the new, uncompressed address, I got the same input error. Now, what's wierd is that when I check the address it does indeed have 0.0027 bitcoins on it. I double checked the privatekey many times through the Bitcoin Core console, and it's correct.
NOW, the issue I'm facing is that I uninstalled the Bitcoin Core client by mistake, and lost the address containing the bitcoins on the client. I do, however, still have the privatekey. Therefore, finishing Bitcoin Core syncing isn't an option.
Also, when I enter the privatekey into a wallet and get the address which it belongs to, I don't get the the same address that shows in bitcoin core - 3J2tCijTKQLd6jtf3nk8QTtLa73xkVhgfk.
VIDEO showing the issue here: https://i.gyazo.com/040dc198efe8ff43d53b41d8a9a3cb9e.mp4
When in Bitcoin Core, I generated a new address - 3CtkTu3Um53F2xriKGZn6wLcAHUuCoZQKD, got the privkey from the console, entered it into a wallet, and when the address corresponding to the privkey came up, it was a different one from the starting 3CtkTu3Um53F2xriKGZn6wLcAHUuCoZQKD. The new address was 1PNVUnBPv4E23Eh8MKTnoNbBV7qCkka9x4.
I suspect this is the same issue that I had with the original address.
Any suggestions as to what I can do in order to retrieve my bitcoins to electrum or any other wallet for that matter?
submitted by KristianR1993 to Bitcoin [link] [comments]

Virwox rejected my account registration and got cocky about it too!

(1) Install the bitcoin wallet to your phone --write down the passphrase they autogenerate for you --send the bitcoin address to yourself (your PC) via email (2) Install Authy to your phone (3) Use a PC (or your phone) to visit VirWox and create an account: (setup 2FA for the account using Authy to generate the 6-digit MFA code) (4) Get the confirmation email from VirWox and relogin, changing your password in the process (5) In VirWox: --transfer $99 USD from Paypal (or Credit Card or Debit Card) to your VirWox account --exchange $99 USD to SSL --exchange SSL to bitcoin --withdraw bitcoin to your phone's wallet (you'll need to copynpaste the bitcoin address from your email from step (1)) --prepare to wait up to 48 hrs for VirWox to complete the transaction (first time users only, after that it's immediate) (6) After 24 hrs, get email from VirWox: VirWox>> Hello, unfortunately we have received high risk indications for this account. We have therefore refunded your payment and closed the account. me>> Thank you! Without a better explanation, I will take my business elsewhere. VirWoxYes, please do take your "business" elsewhere. That was the idea of closing your account. meHah! You're so funny :)
submitted by grapes_147 to Bitcoin [link] [comments]

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 above 18 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. Advice
6. Summary: A step by step guide to make $100+/month
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.
[Here are many good links that let you pick the right Dogecoin Wallet of your needs.

](http://dogecoin.com/get-started)

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!
USD Storage: PayPal
USD/BTC Exchange: VirWox
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 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.
To deposit dollars with (VERIFIED) PayPal to VirWox, you need to be a verified user on PayPal (check their site for more information). 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 (VirWox own currency) with the USD ypu deåpsoted 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
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 withdrawal request 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 active 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 with another user 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 on the /dogemarket subreddit, those indicate level of trades, age and amount you have traded. These are good for noticing legit and fake users, but always beware of scammers!
5. Advice
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 and USD/DOGE market is going. You might make some extra Dollars if you wait a while.
C. Always be nice and kind to eachother, we are really friendly, patient and polite!
D. Try to be fast and reliable 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", impersonators and new (0 day old) 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 when VirWox account is 60 days old, and $750+/month when your VirWox account is 90 days old, if market remains of course)
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

Bitcoin Official website

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 admiration in the comments. 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.
Thanks.
TL;DR (18+) Go to point 6 and use the search function if you want to make money
Edit: Formatting
submitted by Rynsi to dogecoin [link] [comments]

Quick Tutorial - How to exchange bitcoin for paypal !

This is a quick tutorial just to show you guys how to exchange your bitcoin for paypal money
1 - Register on VirWox - https://www.virwox.com/ 2 - Go to deposit, then generate a bitcoin address to deposit your btc 3 - Now wait for your bitcoin to get confirmed, then go to BTC/SLL 4 - Buy the maximum SLL you want, and go to USD/SLL 5 - Sell the maximum SLL you want, and go to withdraw 6 - Enter your paypal email and confirm 7 - Done ! You will receive the money in 1 minute
submitted by Miglekk to beermoney [link] [comments]

Made a mistake in transferring money need some help.

Hey Everyone,
I made a super dumb mistake and I don't know how to get out of it, and would really appreciate some advice.
I use the following method to purchase Litecoin:
Paypal > Virwox > USD > SLL > BTC > Transfer ot BTC-e > LTC
Sometimes Virwox puts a 2 day escrow on the transfer. In my case they did this. Im about 26 hours into the escrow time.
I made a stupid mistake and clicked the button to generate a new BTC code on BTC-e, so now the bitcoin address on BTC-e has changed.
Luckily Virwox keeps a history of the old bitcoin address in my transaction history, so I have that information.
What will happen? And what is the best way to make sure my money is not lost forever?
Thank You
submitted by guyonphone to litecoin [link] [comments]

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