PayPal is a worldwide payment system that many South Africans use to accept payment on their webstek, or simply to send money to friends and family. There are a loterijlot of people who would like to know how to buy bitcoin with your PayPal account, so wij have made this postbode to showcase you how to do this step by step. Please note that using PayPal to buy bitcoin will mean paying some toegevoegd fees, but depending on the local South Africa bitcoin exchange rate, you might still be able to buy at a good rate.
Using VirWoX to buy bitcoin using PayPal you are going to pay around 9% te fees, but this is still the cheapest, easiest, and fastest way to buy BTC with PayPal. It is possible that you may need to wait a few days after opening your VirWoX account before you can deposit money. After your very first deposit, future deposits can be made instantly. Your initial buying limit is $88 vanaf day or $261 vanaf month, albeit thesis thresholds grow overheen time if you buy frequently.
How to buy bitcoin with your PayPal account by Using Virwox
Here are the Five effortless steps you will need to go after to buy bitcoin on Virwox using your PayPal account:
Step 1, visit virwox.com and regsiter for a free account
Finish the registration pagina, and confirm your email address. Don’t get confused by the section titled “Link to avatar”. You can leave this untouched. Once you have registered, you will have made a improvised account. Verify your email address by clicking the verbinding te the email that they send you.
Once you have done this step, you can login and switch your makeshift password. If you do not switch your password, your account will be deleted! Secure your account by switching the password spil soon spil you have logged ter.
Switch your password by clicking the “Change Settings” listig ter the left menukaart. Choose a fresh password, confirm the password, and then click the “Change Password” button to save it.
Step Two Add funds to your account using PayPal
Once you have logged into your fresh account, click the “Deposit” verbinding te the spijskaart on the left side of the screen.
You will be directed to the Deposit screen where you will see the charges and list of deposit methods. Since you will be depositing using your PayPal account, go down to the PayPal area and waterput te the amount of USD or Euro you wish to deposit, and press the “Check out with PayPal” button. Please note that brand fresh accounts will have limitations on how much you are able deposit.
You will be re-directed to your PayPal account, where you can login and make the payment.
Step Three Buy Linden$ (SLL) with USD/EUR
Once you have made the payment from within your secure PayPal account, you will be re-directed back to the Virwox webstek, where you will now see confirmation of your payment your updated USD balance. Now that you have money ter your account, you need to convert the USD (or EUR if that is what you deposited) into SLL. To do this click the USD/SLL verbinding ter the menukaart. (If you deposited another currency, you will need to click the suitable listig to convert to SLL)
You will now be shown the screen to convert your balance to SLL (the currency used te the spel 2nd Life). Te the “Exchange USD to SLL” section of the pagina, select how much you would like to sell te come back for SLL, and press the “Next” button.
You will need to confirm your order on the next screen by pressing the “Place Order” button to proceed.
The next screen will confirm that your order wasgoed placed. The USD wasgoed sold for SLL and ter the Account balance on the left, you will see your SLL balance and the USD balance have both switched.
Step Four Buy bitcoins with your linden$ (SLL)
Now that you have SLL, you can buy bitcoin! Click the BTC/SLL verbinding ter the menukaart on the left to sell your SLL for some bitcoin.
Te the “Exhchange SLL to BTC” section your bitcoin amount will default to the maximum you are able to purchase with your SLL balance. Press the “Next” button to sell your SLL and get some bitcoin!
You will once again need to confirm your order by clicking the “Place Order” button to buy the bitcoin.
Success! You will be shown a confirmation screen for your order, and your SLL balance, spil well spil your BTC balance te the left menukaart will reflect your bitcoin purchase.
Step Five Withdraw your bitcoins to your bitcoin wallet
Now you are able to withdraw your bitcoin to your own bitcoin wallet by pressing the “Withdraw” listig ter the left spijskaart.
You will need to specify the amount of bitcoin you would like to withdraw, spil well spil the bitcoin wallet address you would like to withdraw your bitcoins to. When you have added that information, you can press the “Request Withdrawal” button to start.
You will get confirmation once your withdrawal has bot processed, and you will be able to see the BTC balance te the left spijskaart has bot updated to reflect the withdrawal.
To conclude, this is an effortless way for people to buy bitcoin using PayPal or even credit card, however it is not the cheapest. Please share this postbode if you found it helpful!