Buy Bitcoin With Paypal

Buy Bitcoins With PayPal
The good news is that buying bitcoins with PayPal is possible. The bad news is that none of the options listed below is elegant and straightforward.

You can’t directly buy bitcoins using PayPal, because it is risky for the seller, and therefore few sellers will offer this. Major bitcoin exchanges do not allow funding through PayPal. This is largely due to repeated cases where someone pays for bitcoins with PayPal, receives bitcoins and then fraudulently complains to PayPal or their credit card company that they never received the goods. All too often PayPal sides with the fraudulent buyer and this is understandably too risky for bitcoin seller. But there is a workaround that can be done in order to use PayPal to buy bitcoins but it holds within quite high transaction fees.

Buy bitcoins with PayPal via VirWox recommended option

You need a free account on Virtual World Exchange. Using the VirWox you can buy another currency, that is Second Life Lindens (SLL) with PayPal and then convert your SLL to bitcoins. This process will charge you transaction fees of around 6% all together but will let you purchase bitcoins pretty quickly as opposed to a wire transfer. The reason this method works is because you do not buy bitcoins with PayPal directly, you only buy SLL with PayPal and then exchange your SLL to bitcoin.

 

To buy bitcoin with paypal please click any image in this post or click HERE