Bitcoin Portal

Many people want to buy bitcoin with PayPal because it's a common way to pay online. But PayPal payments are reversible, while Bitcoin transactions are not. This makes it risky for dealers and exchanges who would let users convert PayPal to bitcoin.

However, buying bitcoins with PayPal is still possible although comes with high fees. There are only two decent ways to buy bitcoin with PayPal: VirWoX or LocalBitcoins.

Since there is a higher risk of fraud when buying bitcoins with PayPal on LocalBitcoins, we're going to show you, step-by-step, how to buy bitcoins with PayPal on VirWoX.

1. Open an account on VirWoX

2. Trade USD for Second Life Lindens

you’ll have to buy Second Life Lindens and then trade those for bitcoins? Well, now we’re buying the SLL. In this step you need to sell the USD you deposited from PayPal and get SLL.  

3. Trade SLL for BTC

Simply enter the amount of BTC you want to buy and click “Next”.

4. Buy bitcoin!

That’s it! You should now see your balance in BTC displayed in the top left of the screen. You’ve successfully bought bitcoin with PayPal.

Visit VirWoX.com

Bitcoin is a crypto, but because cryptocurrencies are so new and the lack of general knowledge about them makes it difficult to trade them as such. In my opinion there are two ways one can consider Bitcoin when trading: a commodity (gold, silver) or a fiat currency (Dollar, Pound, Euro). This makes it easier to trade because you can look at it like you are trading in a Forex market .This also allows you to see your financial gains and losses easier, as well as keeping everything simpler.

first things first, before buying or selling you must know what the price is. There are many great indexes to see the price, here's a couple:

coindesk.

winkdex

After you know the price, you need a place to buy and sell your Bitcoins. There are some good and not so good options out there, here are a few that we like:

bitstamp

kraken