Post by Admin on Feb 16, 2016 16:57:29 GMT
One of the biggest issues today in Bitcoin is the fact that you can’t buy it very easily. Even though Paypal has been very favourable of Bitcoin in the past 2 years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2015. Why won’t Paypal allow this ? Simple. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins.
Paypal and Bitcoin Streamline the Online Purchasing Process
Paypal is one of the most trusted and popular services for online transactions these days. Paypal is everywhere now, as many merchants and traders have adopted it with open arms.
Bitcoin is another method of conducting online transactions, which has carved out its own place in the market. Bitcoin is a decentralized, digital currency, with a fixed supply, that reduces the need for using physical or hard money.
On one hand, Paypal makes online, fiat transactions fast and easy. On the other hand, Bitcoin is both a currency and payment system that operates independently of the fiat monetary system, thereby making online purchases more like an equivalent of cash purchases in the real world—whereas Paypal is merely an intermediary between the Internet and a Physical bank.
The speed, security, and convenience of Bitcoin has of course created an ever-increasing demand for the digital currency. As a result, online Bitcoin exchanges—a popular avenue for buying and selling bitcoins—have popped up in droves.
However, one may ask the question: can I buy bitcoins using Paypal, so I do not have to directly link my bank account to a Bitcoin exchange? Yes, here’s how:
Successfully Buying Bitcoins With Paypal
Many people who have used Bitcoin and Paypal say that using Paypal to buy Bitcoin is a very difficult process. If we take a glance at the previous track record of buying Bitcoin via Paypal, we will see that people have indeed faced many inconveniences with Paypal.
These difficulties arise due to recurring situations where a person uses Paypal to buy Bitcoin, and then initiates a chargeback, in which the person claims to never have received the bitcoins, and demands a refund from the Bitcoin seller. It is said that Paypal often favors fraudulent merchants, so most Bitcoin traders expect this system to be dangerous with a high chance of having their money stolen, and may opt to refrain from purchasing bitcoins through Paypal.
It is possible to successfully use paypal to buy bitcoins, though, and sell them for a higher prices through online marketplaces, such as LocalBitcoins and eBay. There are two methods that will allow one to buy bitcoins with Paypal: Virwox or credit cards. Virwox charges a commission fee for using its services, but it is, by far, easier to buy bitcoins through Paypal with Virox than by using a credit card. Therefore, we will show you how to use Virwox to successfully buy bitcoins through Paypal.
How to Buy Bitcoins With Paypal by Using Virwox
We have Created a tutorial to explain the Virwox method—here is a general overview of the steps you will have to take to use this process:– Visit the website
Paypal and Bitcoin Streamline the Online Purchasing Process
Paypal is one of the most trusted and popular services for online transactions these days. Paypal is everywhere now, as many merchants and traders have adopted it with open arms.
Bitcoin is another method of conducting online transactions, which has carved out its own place in the market. Bitcoin is a decentralized, digital currency, with a fixed supply, that reduces the need for using physical or hard money.
On one hand, Paypal makes online, fiat transactions fast and easy. On the other hand, Bitcoin is both a currency and payment system that operates independently of the fiat monetary system, thereby making online purchases more like an equivalent of cash purchases in the real world—whereas Paypal is merely an intermediary between the Internet and a Physical bank.
The speed, security, and convenience of Bitcoin has of course created an ever-increasing demand for the digital currency. As a result, online Bitcoin exchanges—a popular avenue for buying and selling bitcoins—have popped up in droves.
However, one may ask the question: can I buy bitcoins using Paypal, so I do not have to directly link my bank account to a Bitcoin exchange? Yes, here’s how:
Successfully Buying Bitcoins With Paypal
Many people who have used Bitcoin and Paypal say that using Paypal to buy Bitcoin is a very difficult process. If we take a glance at the previous track record of buying Bitcoin via Paypal, we will see that people have indeed faced many inconveniences with Paypal.
These difficulties arise due to recurring situations where a person uses Paypal to buy Bitcoin, and then initiates a chargeback, in which the person claims to never have received the bitcoins, and demands a refund from the Bitcoin seller. It is said that Paypal often favors fraudulent merchants, so most Bitcoin traders expect this system to be dangerous with a high chance of having their money stolen, and may opt to refrain from purchasing bitcoins through Paypal.
It is possible to successfully use paypal to buy bitcoins, though, and sell them for a higher prices through online marketplaces, such as LocalBitcoins and eBay. There are two methods that will allow one to buy bitcoins with Paypal: Virwox or credit cards. Virwox charges a commission fee for using its services, but it is, by far, easier to buy bitcoins through Paypal with Virox than by using a credit card. Therefore, we will show you how to use Virwox to successfully buy bitcoins through Paypal.
How to Buy Bitcoins With Paypal by Using Virwox
We have Created a tutorial to explain the Virwox method—here is a general overview of the steps you will have to take to use this process:– Visit the website