PayPal is a payment service that enables you to accept payments, pay for goods and services and send money almost anywhere in the world. Bitcoin is an innovative payment method that allows users to complete financial transactions without revealing their identity or sensitive data.
Bitcoin can be stored offline and securely and it can easily be converted to other currencies. It can also be used for making global payments.
It is a form of digital currency that isn’t controlled by a central authority.
With the increasing popularity of Bitcoin, there has been a surge in the demand for convenient ways to buy the cryptocurrency.
Buying Bitcoins with PayPal hasn’t been smooth sailing. The previous issue with this system involved scammers who were buying Bitcoin with PayPal and claiming that they didn’t receive anything. This is the reason why when you are looking to buy Bitcoins with PayPal you can expect to pay extra fees.
Ways to buy Bitcoins with PayPal
Using Virwox is the best way- the cheapest and the fastest way. Virwox is based in Austria and has been online since 2007. The company was the first to offer this service. You first need to start by opening a Virwox account, which comes with an initial buying limit of $88 per day.
You can then buy Linden $ (SSL) with USD/EUR. SSL stands for Second Life Linden – a virtual currency.
Use your Linden SSL to buy Bitcoins
You can then withdraw your Bitcoins to your Bitcoin wallet
You’ll get confirmation once your withdrawal has been processed. Make sure that you cash your Bitcoins out onto the offline wallet for safe storage.
A benefit of using this method to buy Bitcoins with PayPal is that there is no need to give up private details such as your credit card number.