VirWoX - Bitcoin Wiki

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]

How do I calculate taxes without complete records?

I bought bitcoin using around 10 different methods (including Coinbase and 3 other exchanges, VirWox, Paypal, Venmo, and BTC ATM's) over the past 4 years. I sold it back using just 5 different methods (Coinbase, Gemini, ItBit, BTC ATM's, and one Virwox (paypal payments)).
Coinbase was nice enough to send email transactions for every buy/sell/send/receive. Gemini and ItBit, too. But I used a few other places, like CoinMX and TruCoin which are out of business and did not send me detailed email receipts...I only have record of the USD I sent to them.
Over the past 4 years, I've spent ~$100,000 on bitcoin, and only cashed out $50,000. I'm not holding any coin. I don't know what the hell to do in order to calculate this.
submitted by doublehelix094 to bitcointaxes [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]

How Not TO Buy Bitcoin with Paypal Through VirWoX (Getting Your Account Closed/Suspended)

I wanted to create a totally anonymous website that no religious or political force can easily take down and threatens my safety (FREEDOM OF SPEECH!). This means having both domain and hosting services outside US and "controlled" countries.
One of the step is acquiring bitcoin to do the needed payment to be anonymous. I tried using the famous process of buying BTC through VirWox and would like to share HOW MY ACCOUNT WAS CLOSED to help others AVOID these.
Here's, the email sent by VirWox Support:
"Hello, unfortunately we have received high risk indications for your account. We have therefore refunded your payment and closed the account."
Here are the possible reasons why what I've done was high risk.
  1. Email account used is mail.com where there's no identity verification required.
  2. Used pseudonym and fictitious contact information throughout (let's call her Maria)
  3. VPN with IP on the address of Maria
  4. Browser cache cleared. Used private window.
  5. Turned off all "location" and other privacy invasive features of your computer.
  6. Created account on VirWox for Maria
  7. Deposited USD through a paypal account of a willing friend (thus different name from Maria)
  8. Bought SLL with USD
  9. Bought BTC with SLL
  10. Withdraw BTC
  11. All above steps were done on the same day
Within 48 hours, I got my VirWox account closed and all money refunded (including fees - good news atleast)
Next time, I would probably buy BTC from VirWox disclosing my real identity using my own Paypal. However, this removes one layer of anonymity.
Any suggestions on how to buy bitcoin with paypal allowing maximum anonymity? Thanks!
submitted by chaoshavokpogi to Bitcoin [link] [comments]

Does anyone here accept PayPal for Bitcoin?

I have $70 USD via PayPal and am looking to invest it all in bitcoin, Does anyone in this subreddit accept PayPal for BTC? If you did not open this post to trade please still have the decency to comment your thoughts/chances of me getting what I'm asking for without being scammed or delayed. I don't mind a fee just not a giant one. I have thought of using VirWox but when ever trying to purchase I get the message "Only accept confirmed PayPal accounts", yet my PayPal account is confirmed, according to PayPal support team. So help with everything would be great.
submitted by IDoItCauseIDontCare to btc [link] [comments]

So I finally bought my first bitcoins ever but I wanted some people to be aware of some limitations

If you're new to this entire process like me, you have to keep an open mind when attempting to buy bitcoins. Of course after the initial purchase it becomes easier to purchase. The website I used to complete this transaction was Virwox and it couldn't have been any easier. The problem I encountered was the fact that I attempted to use my debit card - the service they use to accept payments (skrill) does not work in Illinois so I was almost stuck. I ended up using my verified paypal account and it worked perfectly. I deposited 23.85 USD into my account after selecting the 25 USD payment. Skrill took a fee from that. Then I exchanged my 23.00 USD into SLL and then I exchanged my SLL into bitcoins.
TL;DR:
EDIT: Oh yea I forgot to mention that you need to wait 24 - 48 hours before your funds get manually released. I sent a payment request and since I have a newly registered account, I need to wait for them to release it.
submitted by DiddyMoe to reddCoin [link] [comments]

[uncensored-r/Bitcoin] Any provider to buy BTC with credit card?

The following post by gun3ro is being replicated because the post has been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7g2dey
The original post's content was as follows:
I really have a hard time finding a reliable provider on which I can exchange my fiat money to BTC by using my credit card.
Some of them want lots of verification, but then they are still not offering to use credit card, some others want ridiculously high fees.
So far I have been using Virwox to exchange USD (using paypal) to SLL, then exchanging it to BTC...
Did anyone face the same problem? And what platform are you using?
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

How to buy Bitcoins with Paypal

So I know a lot of people have been asking about this (and so was I) so I finally found a way to buy Bitcoins with PayPal. The whole idea is to circumvent the direct purchase of BTC with Paypal with buying SLL (Second Life Lindens) and then exchanging them for BTC.
You can find the original post on my Facebook notes here: https://www.facebook.com/notes/ofir-beigel/buying-bitcoins-with-paypal-or-with-a-credit-card/10151639487083203
If you want a short rundown of how it's done then here's the deal:
IMPORTANT: This process hold within it more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this. It's important for you to be aware of the different transaction fees.
Step 1: Go to VirWox.
VirWox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more...
Step 2: Open a free account
Click on the "not registered yet" to open up a new account.
Step 3: Fill out our personal details
Fill out your username and email address. Where it asks for "avatar name" just fill out any name you like it doesn't matter, since you're not going to play Second Life. Continue filling out all of the personal details and click "register".
Step 4: Activate your account
Once you clicked "register" you will get an email confirmation with an initial password. Open the email and log into VirWox with your initial password.
Step 5: IMPORTANT!!! Change your password!
After clicking the confirmation link it is advised you change you password as shown below since you will be transferring money through this site. Do not worry about the message saying "Your avatar connection has not been validated yet" - it is irrelevant.
Step 6: Fund your account through PayPal
Click on deposit on the left side and choose PayPal Express. Fund the account with how many USD you'd like.
Note: From now on for each transaction you will make there will be a fee - make sure you are aware of the relevant deposit and withdrawal fees
Step 7: Buy SLL with USD
Go to Exchange->USD/SLL on the left side. You can also go to any other currency you'd like. Buy SLL (which mean Second Life Lindens) . We will later on exchange these SLL to Bitcoins.
Note: If you haven't made a deposit yet you will get the screen shown above requestion you to deposit before you buy SLL.
Step 8: Buy BTC with SLL
Once you have SLL in your account, go to the BTC/SLL and buy Bitcoins with your SLL.
Step 9: Withdraw your Bitcoins
Choose "Withdraw" on the left side and send the Bitcoins to your wallet.
submitted by ofirbeigel to Bitcoin [link] [comments]

Best way to buy bitcoin

So, I'm trying to obtain some bitcoin for myself.
I have paypal/debit card I can buy with, but I don't know where I can exchange my USD for BTC.
I heard about virwox.com but they ended up closing my account and refunding me my money, so I'm a bit skeptical of other websites now.
Does anyone know of a good website to buy bitcoin from? I have a BTC wallet on blockchain that I am hoping to put the BTC in.
submitted by Iron_Crystal to Bitcoin [link] [comments]

Best Canadian Exchange

I've been using VirWox to transfer relatively low amounts of Bitcoin (few hundred dollars worth) to my bank (BTC > SLL > USD > PayPal > Bank) but I'm planning on increasing the amount to the thousands in the future so perhaps a dedicated exchange would be cheaper and faster. I'm wondering if anyone have any personal experience with reputable Canadian Bitcoin exchanges as well as their fees, registration, verification, and bank/PayPal transfer process.
submitted by Unredditer to BitcoinBeginners [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]

Poor experience with VirWox

So, here was me thinking I would use a website to buy Bitcoin to use to buy Dogecoin. I used VirWox as other Shibe said it was good.
This Shibe lost money, please benefit muchly from my experience.
So I deposit $USD
-Lose money from conversion from AUD to USD
-Lose money in PayPal fees (they take them out of your deposit)
To buy BIT I first have to buy LLD
-Can't convert ALL USD to LLD, so have money left over
Then need to convert LLD to BIT
-Can't convert ALL LLD, so have this left over also
And each and every step in the way they charge you a fee + %
Never again! I'd rather just wait to find someone willing to sell Doge rather than pay someone to use their computer for the transaction.
submitted by TheJackColby to dogecoin [link] [comments]

My wonderful little Bitcoin story

I run a small part-time business from my couch where I sell an online game currency for $$USD. I usually have my buyers use paypal "send to family or friends" option, so that I'm protected against chargeback fraud. However, today was different. I had a buyer from Singapore want some of my online game stock.
What's different between regular paypal and singapore paypal, you ask?
My paypal (Canada):
His paypal (Singapore):
No "Send to family or friends" option for him.
Why? I did a google search and found that singapore's got laws against this option:
I can't risk my personal bank account getting frozen by taking the regular form of payment (chargeback fraud can do this to the seller) since I am the single income earner in my household. So I had to tell him that I can't provide for him...
A couple minutes later oh crap, bitcoin, of course!, rush back the to the computer and ask if he'd be willing to do that. He was! I got him setup on virwox.com, and transfered some bitcoin to me. He wants to be a regular buyer from me so he's going to seek out better ways (less fees) to get bitcoins in Singapore in the future to deal with me!
<3ing bitcoin today.
tldr; Singapore paypal regulation is no problem for bitcoin.
EDIT: virwox.com has since stolen all my bitcoins on their site (.5BTC) and "refunded" me $250 in paypal, essentially stealing a few hundred dollars from me. Not cool, don't deal with them if can help it.
submitted by ritherz to Bitcoin [link] [comments]

↑↑↑UPVOTE↑↑↑ Ask owners of EZdoge.com & WeSellDoges.com to add support for Reddcoin for Easy Way to Buy RDD!

Now that Reddcoin reaches more people on social networks than any other digital currency, we need to give them a simple way to buy Reddcoin directly with Fiat currency.
There are already two services selling Dogecoin directly for fiat currency, so lets ask them to add support for Reddcoin too.
They can simply start a new similar service for Reddcoin if they see lot of people asking for it!
Ask them here !!!
(╯°□°)╯ EZdoge.com Post:
http://www.reddit.com/dogecoin/comments/20wlck/weve_created_a_way_to_buy_dogecoin_with_usd_same/
(╯°□°)╯WeSellDoges.com Post:
http://www.reddit.com/dogemarket/comments/254yiy/sd_weselldoges_at_0575k_fast_response_competitive/
Current ways to buy Reddcoin: (from /reddcoin FAQs)
Reddcoins can be purchased for USD via the Prelude by Moolah exchange. Alternatively, another way to purchase Reddcoins is to first purchase BitCoins from an exchange that offers direct fiat to BitCoin conversions such as CoinBase or BitStamp. You then transfer your newly bought BitCoins to an exchange that offers direct BitCoin to Reddcoin conversions such as CoinedUp, then exchange your BitCoins for Reddcoins. e.g. $,€,£,¥ - BitCoins - Reddcoins You can also purchase Bitcoin instantly with Paypal/Visa/Mastercard on Virwox: http://www.youtube.com/watch?v=NGj0NO7JU3s . For a full list of exchanges that offer BitCoin to Reddcoin conversions, please view /Reddcoin’s sidebar
submitted by BTCillionaire to reddCoin [link] [comments]

Say, what are the most straightforward ways to Sell BTC and get USD or other currencies?

I figure adoption for Bitcoin will move a lot faster when it's easy to cash out. You know, safer to enter a building once you know where all the exits are, and all that. :3
The simplest method I know presently is The Rock Trading -> Linden Dollars -> Paypal, which I have tested.
I do have bank accounts and debit cards, but I don't know anything about what ACH or International Wire are. I don't know their timeframes or fees, and I assume that entering bank account numbers and routing numbers into not-so-well-known sites would be a pretty big risk.
Has anyone made up a grid displaying "round trip fees" from different currencies to and then from BTC, showing expected % loss, time delay and potential anonymity compromise and inconveniences (frictions) at each step? If not, does anyone know some good sources for such data, and I could help to compile such a list? :O I think that would be a goldmine for anyone shopping around for BTC liquidity options.
For example, round trip USD through the rock involves:
Thanks in advance for sharing your data and perspectives! :D
UPDATE:
Trying to run a few tests on Paypal USD->LL->BTC->LL->Paypal USD at present. Results thus far:
submitted by jesset77 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]

Doge Puppies Like Me: Come hear my tail, such learning, much waiting, yet such sweet Wow.

NOTE: This is a summary of my experience with DOGE buying. I am new to the internet world, very luddite, but hope to learn more. I am sharing my experiences for any others out here like me, who may be just starting out. I am a stay at home mom who browses imgur while nursing, long story short, I stumbled on to the news article about the Jamaican Bobsledders. Then I started my research and last week I jumped on the Dogetrain, all starry eyed and bushy tailed.
I bought my first bitcoin on Virwox using my paypal account. It caps you at $104 USD. You then have to trade your Bitcoin for Linden dollars. Linden is currency from the Second Life, an Avatar game. After you make your linden trade, you can then trade your Linden for BTC. I ended up with around .111BTC, which isn't so great for $104 USD.
I next signed up for an account at Coinbase. At Coinbase I had to enter bank account information, and then I bought BTC. The great thing about Coinbase is that they lock in the market price when you place your order. Even though I haven't actually received my BTC for 4 days (still waiting) I was able to buy it at the low of $781 per BTC. I bought .3 BTC for the price of $237.
The next thing I did was pretty silly. I withdrew my BTC from Wirvox (paying .002 BTC withdraw fee) and transferred it into Coinbase. It took two (2) days for this transfer to take place. Once my BTC finally arrived at Coinbase, I realized I wanted to trade them for DOGE. Coinbase is ONLY for buying and selling Bitcoin. So, I had to transfer my BTC from Coinbase and into Cryptsy. Everytime you make a withdraw from one of these markets, you end up incurring some small fee. But if you are going around needlessly transferring BTC like I was, those fees add up. The transfer from Coinbase to Cryptsy took about a minute. Once at Cryptsy I traded my .111 BTC for around 65,000 DOGE. Next I transferred the DOGE into my Dogewallet that I had downloaded onto my desktop. This transfer took 24 Hrs. It kept saying, "pending" I issued a Cryptsy ticket asking what the hold up was and they responded promptly and fixed the problem by the following day.
I am still waiting for my .3 BTC I bought from Coinbase to stop pending, once it does I will transfer it into Cryptsy and again buy more DOGE.
I downloaded Dogecoin QT wallet for my desktop and transferred my Doge, this took around 12 hrs. The whole time I was stressing not sure what exactly I had downloaded onto my computer (a bug, a bomb?) But I googled and found out from reddit that this is a common issue with Dogecoin QT.
I have also bought 10,000 DOGE on Ebay for $20,000 from a very kind member of the Shibe community who showed me how to find my wallet address, transferred an initial 1 DOGE to make sure it worked, and then welcomed me kindly and gave me an extra 1000.
I also signed up for Doge Vault, and I have tested sending DOGE back and forth between my desktop wallet and the online wallet. The online wallet is faster in my opinion.
TL;DR: Newbie's experience with DOGE, learn from my mistakes.
Community Overlords of DOGE: this might give you an idea of what your average computer idiot goes through when they are starting out.
submitted by TheBigRedRooster to dogecoin [link] [comments]

Buying bitcoin with PayPal again

A year ago I did a test buying bitcoin with paypal because I had some money in my paypal account and was unable to withdraw it locally. The post is here: http://www.reddit.com/Bitcoin/comments/1umg1m/an_exercise_on_buying_bitcoin_with_a_credit_card/
I once again had money in my paypal accout so decided to do the same experiment again.
This time I had $100 that I sent virwox.com Deposit into Virwox via Paypal = charges of EUR 0.35 + 3.4% Total landed into Virwox account: =$96.30 Convert to SLL: I sold $96, and got 22,443.02 SLL. Convert to BTC: I want to buy 0.301 BTC, and pay at most 22,422.35 SLL. Total after conversions: 0.301 BTC = 86,89 USD approximately 
So the whole exercise cost me about 15% odd to use Paypal and virwox.
Interestingly, that is not far off the market rate for South Africa where I live if I check on http://preev.com/btc/zar or go directly to http://www.bitx.co to see the local market price.
submitted by btcsa to Bitcoin [link] [comments]

VirWox Help!

Greetings, I just deposited funds via paypal to VirWox and now having trouble turning USD into BTC. I don't even see the option to exchange any currecy to bitcoin. Any help would be appreciated.
submitted by snowdive2 to Bitcoin [link] [comments]

For anyone with a SecondLife account and wants to use paypal to buy BTC

I have been using [virwox](www.virwox.com) to (essentially) buy bitcoins with Paypal. You deposit your USD with paypal or credit card or other method, then buy the Lindens (second life dollars). Then you can buy bitcoins with the lindens (SLL). This especially nice if you happen to have an old SL account with SLL just sitting there. And for anyone interested I have vouchers from virwox, if used when signing up gives us both 50 SLL (about $.20). They do have multiple fees and commissions though (Paypal, trading, withdrawing).
Edit: You don't need a Second Life account to buy SLL or bitcoins. But you can bypass their max deposit limit by buying lindens elsewhere and transferring to virwox.
submitted by tweaq to Bitcoin [link] [comments]

VirWOX Calculator Bitcoin 101: How To Use Virwox to Buy Bitcoins With Paypal In The USA! How to buy Bitcoins with debit card or Paypal - ZERO fee's ... Cheapest way to buy Bitcoin with PayPal, Skrill, and Neteller (4% fee) How to Sell Litecoin with Paypal

VirWoX war die größte PayPal-zu-Bitcoin-Börse, die jedoch im Januar 2020 geschlossen wurde. eToro ist der beste Weg, PayPal zu nutzen, um mit Bitcoin konfrontiert zu werden. Damit können Sie über den Preis spekulieren, aber gleichzeitig auf die Coins zugreifen. eToro eToro eToro. Unterstützt Bitcoin, Ethereum & 15 weitere Coins; Schnell mit dem Handel beginnen; hohe Limits; Ihr Kapital ... Virwox benötigt hohe Gebühren für die Konvertierung von Bitcoin in Paypal und umgekehrt. Gründe dafür sind die Tatsache, dass VirWoX nicht für Bitcoin erstellt wurde. Ebenfalls haben Benutzers nicht so mehr Austauschen, wo man Bitcoin über PayPal kaufen und verkaufen kann. Handeln Paaren These are the three most mainstream Virwox choices as of now where you can purchase Bitcoin with PayPal in 2020. How about we purchase Bitcoin with PayPal today utilizing the best Virvox Alternatives. 1.Paxful. Paxful is outstanding amongst other driving stages; it’s the best Virwox elective also. Since it permits you to purchase Bitcoin with ... Sollten Sie bei VirWoX PayPal für Abhebungen vom Konto verwenden, schlägt dies mit einem pauschalen Entgelt in Höhe von 1,00 Euro plus 2 % PayPal-Gebühren zu Buche. Bitcoin-Nutzer, die eine Auszahlung in der nach wie vor wichtigsten Kryptowährung weltweit durchführen, zahlen eine Bearbeitungsgebühr von 0,0005 BTC. Bei allen anderen VirWoX Zahlungsmethoden zahlen Sie jeweils eine Gebühr ... Exchange Bitcoin (BTC) to PayPal USD. The list below shows exchangers where you can exchange Bitcoin (BTC) to PayPal USD. The exchangers are sorted by the rate, with the best rates on the top. To select an exchanger, you may want to check its reserves and reviews. To exchange money, click on the exchanger you choose and go to its website.

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VirWOX Calculator

Bitcoin 101: How To Use Virwox to Buy Bitcoins With Paypal In The USA! - Duration: 8:13. Crypto Ron 4,040 views. 8:13. How to Land A Knockout (Use This Fighter Secret) - Duration: 6:52. ... Get your FREE Wirex account here: https://wirexapp.com/r/moocharoo Once you are signed into to your verified wirex account you'll be able to buy all the bitc... This is a supplemental video that serves as a walkthrough on how to buy bitcoins with paypal in the USA on Virwox, Virtual World Community. It is a little more expensive than other methods, but if ... How to Buy Bitcoins with PayPal (Virwox Option) - Duration: 12:40. Meshach Koech 948 views. 12:40 . VirWOX Calculator - Duration: 2:03. Multi Graphics 1,432 views. 2:03. Don't use Coinbase, use ... Step 1: Go to http://VirrWox.com and open a free account Step 2: Get your VirWox Bitcoin address by clicking "Deposit" Step 3: Go to Mt.Gox, Funding Options,...

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