[question] Want to buy Bitcoins with 19USD with paypal using Virwox
I have got only 19USD in my paypal and I immediately want to buy it at the current price. I want to know if virwox is good option and will they let me purchase with such a little amount and how much fees and commission will be deducted. Any ideas? Pls advice
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.
Email account used is mail.com where there's no identity verification required.
Used pseudonym and fictitious contact information throughout (let's call her Maria)
VPN with IP on the address of Maria
Browser cache cleared. Used private window.
Turned off all "location" and other privacy invasive features of your computer.
Created account on VirWox for Maria
Deposited USD through a paypal account of a willing friend (thus different name from Maria)
Bought SLL with USD
Bought BTC with SLL
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!
One method to buy bitcoin with fiat is first to buy Second Life Linden (SLL) with Paypal, and then to use the Virwox exchange to convert the SLL to bitcoin. Some people say that they have used this method several times with no problems, but others are furious that Virwox scammed them out of their money when they tried to withdraw their bitcoins in the final step. (Have a look at these reviews of the service; they are mostly bad.) I have some questions about this:
Is there any way to predict who is likely to be successful in this process and who is likely to get ripped off? For example, does it help to have a reasonably old Second Life account?
Virwox is an official Linden Dollar Authorized Reseller, and the terms and conditions of this arrangement prohibit them from selling things of value in exchange for SLL. So why are they even allowed to sell BTC in exchange for SLL?
Given that Virwox is somehow allowed to sell BTC for SLL in this way, why do they appear to have no competition? Why doesn't a US company start doing what Virwox claims to be able to do, but do it reliably instead? (Virwox is based in Austria.)
I would probably use this service to buy BTC if it didn't have so many extremely negative reviews. This process can also be used in reverse to convert BTC to SLL, and then to convert SLL to Paypal, and in contrast, that seems to be reliable. If anyone has any insight into these matters, I'm very interested to hear it.
How to buy Bitcoins on Virwox and the real cost of going through Virwox
It seems like a lot of people are buying bitcoins through Virwox only to found out that they paid a hefty premium and that they have loose change in their Virwox account that they cannot redeem.. There are a few simple steps to avoid/minimize that issue. Step One: the fee to deposit cash onto your account I use Paypal and they charge you €0.35 + 3.4% in fees. In order not have any loose change since converting into SLL can only be done with Units of Cash (no decimal points) you need to work out the net deposit amount For example: if you want €100 then you need to deposit €103.89 Step Two: Buy SLL with Euros Next go to the EUSLL exchange and pick market order (it rarely is better to put a limit order since the fees for a limit order are greater than the extra you might earn from going in the order book with a higher limit, it’s possible but chances are since this a rather illiquid you’ll never be executed). Limit order fees: 3.90% Market Order fees: 50SLL + 2.9% At the current rate 1EUR = 269.7SLL, 100 euros will get you 26140 SLL (and you paid 832 SLL in fees or about 3 euros) If you put a limit order hoping to get a better rate, the best offer rate is 273.9, so going just in front of that at 273.8 will get you 26314 SLL or 174 more SLL but the fees are 1068 and the chances of being executed are very small. To give you some perspective you start getting less SLL with a limit order at a rate of 271.9… because you pay more fees (I always go with the market order). Step Three: Buy BTC with SLL The exact same fees apply (2.9% +50 SLL) so again you want to go with the market order. At the current BTC/SLL rate of 59100 SLL for 1 BTC, with 26140 I can buy 0.4286BTC of which you paid 808 SLL or about 3 euros in commission.. At the very end to withdraw your BTC into your wallet you’ll pay an additional 0.005 btc leaving you with exactly 0.4236 BTC. Conclusion: The current market rate for BTC/EUR is 210.48 on kraken, at that rate your 103.39 euros would have gotten you 0.4935 BTC or 0.0649 more than with virwox… all in all the total commission for that trade is about 15.41% or about 16 Euros. On average the total commission is between 13 – 20 % it all depends on how liquid the different currencies are… it’s as if you bought 1 BTC at an exchange rate of 242.37 EUBTC which is a pretty large spread but given the convenience for small amounts and the speed (for 2 timers the btc withdrawal is instant) and the anonymity this is one of the easiest ways to get btc fast and securely. Any comments are welcome or any other website or cheaper alternative are more than welcome. Note though that you do not need to give any kind of identification on virwox.. although your paypal/credit cards details will reveal who you are.
For the ppl whos trying to buy btc VirWoX.com no Id or anything and its with PayPal the fees are high but its worth it u do need verified PayPal acc which is by linking your bank account which u can later remove it and add a credit card thank me later :) max u can buy for first ti /r/Bitcoin
Am I the only one who can't buy bitcoins from Virwox with paysafecard?
When I click deposit, there are displayed all the payment methods but in the paysafecard section it says that it is currently unavailable and that I should try using skrill instead. I live in Greece but I don't think that this is the problem because I made a German account and it stays the same. I tried adding money to skrill from paysafecard and then buy bitcoins, but as I live in Greece I can't do that. Do you have the same problem or is it just me?
Virwox the only place to buy bitcoins with Paypal?
I have a bunch of funds in paypal from a site that i run and never really bothered to learn about bitcoins. I usually just use a visa gift card, but i'm trying to buy about 80$ worth of bitcoins to pay for a server. Virwox has some crazy high fees though. I'm looking at around 10$+ in fees if i was reading into their site correctly. Can someone suggest the best way to go about this?
So I had 784 AUD to turn into BTC, which is 1.3 BTC, but by the time Virwox.com was done with the conversions, I came up with 1.06! THAT'S LIKE $182 IN FUCKING FEES! Fuck Virwox. Don't ever buy Bitcoins from this virtual exchange, ever. Complete rip off.
VirWoX is closed. As previously announced, the Virtual World Exchange (VirWoX) has permanently closed its business on January 6, 2020. VirWoX operated for more than 12 years, first as a place to buy and sell Linden Dollars for Second Life, and since April 2011 our users also traded Bitcoin. That made VirWoX the world's oldest Bitcoin exchange after MtGox closed in 2014. We wish to thank our ... One method to buy bitcoin with fiat is first to buy Second Life Linden (SLL) with Paypal, and then to use the Virwox exchange to convert the SLL to bitcoin. Some people say that they have used this method several times with no problems, but others are furious that Virwox scammed them out of their money when they tried to withdraw their bitcoins in the final step. (Have a look at The Virwox was one of the best ways to buy Bitcoin with Paypal but now it closed its services in 2019, you have to convert Bitcoin using Virwox alternatives those I have mentioned in this post check this out. Every bitcoin exchange has its own advantages and disadvantages that you should be aware of before you start investing personal funds. We made VirWox exchange review for exactly that reason, as this VirWox exchange guide will provide you with platform’s available services, purchase methods, fees, pros, and cons. Since Virwox is currently one of the main ways people buy Bitcoin with Paypal it attracts a lot of attention. Many people consider Virwox to be a scam while others say it’s legit. In this post I would like to share my own opinion of the site after buying and selling through them for almost 4 years.
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