How To Buy And Sell Bitcoins With PayPal without risking your PayPal account.
1 – First you need to open a VirWoX account. Signup free here!
2 – VirWoX is originally a Second Life Linden Dollar (SLL) exchange, the currency used in the game Second Life.
- You will receive an email with a temporary password which you must change within 24 hours to activate your account.
- You DO NOT need to validate a Second Life avatar.
- VirWoX is a REAL company based in Austria which has been operating since 2007. If you click on the Contact Us link,you will see their complete physical address and even their VAT (European tax) registration number.
3 -Deposit money via one of the available methods: PayPal, BTC, credit/debit card, bank transfer, Neteller, Skrill/Moneybookers, and others.
4 – Go to the exchange section and trade your money for SLL’s (USD/SLL, EUR/SLL, GBP/SLL).
5 – Go to the exchange section and trade your SLL’s for Bitcoins (BTC/SLL).
6 – Go to the withdraw section and withdraw your Bitcoins to the address where you want them to be sent.
7 – To sell Bitcoins, follow the steps above in reverse order: deposit Bitcoins, trade BTC to SLL, trade SLL to USD/EUR/GBP, then withdraw.
8 – Remember VirWoX is an exchange, with buy and sell bids. You might want to wait a while before buying or selling BTC’s until the BTC exchange rates on the VirWox marketplace are within your target range.
9 – IMPORTANT: because VirWoX isn’t primarily a Bitcoin exchange, using VirWoX to buy and sell Bitcoins is SAFE. You won’t be, since PayPal’s terms of service prohibit using their system to buy Bitcoins directly.
10 – Please register with VirWoX using the link on step 1 which includes my referral ID if you found this tutorial useful.