There are few places were you can buy bitcoins with a Debit Card or PayPal. On this article we’ll focus on using any card that use VISA or MasterCard or PayPal basically we will buy bitcoins with debit card or PayPal. Before buying bitcoins you need a bitcoin wallet, if you don’t have it you might consider opening on or buying a hardware bitcoin wallet which is more secure. We are going to be using VirWox which is an international bitcoin exchange but it is based in Austria.
Buy Bitcoins with PayPal at VirWox
VirWox is one of the oldest bitcoin exchange that allows users to buy bitcoins with debit card, it has over 800 000 members.
On this article will be showing the purchase of bitcoins with debit card using the Linden Dollar or SLL currency which is the internal currency of VirWox. This is because PayPal does not allow you to buy bitcoins directly so your SLL will be converted to Bitcoin.
Open an account at VirWox
Open an account so that you can buy bitcoins with debit card at VirWox.
Firstly you need to open a free VirWox Account by clicking on the link that says “Not registered yet?” on your left of your screen.
Fill the form
Now you have to register on the VirWox registration form.
Fill in your Basic Information as highlighted in the image below, Enter your Username and your Email Address
Then on Link to avatar(optional), you can leave both fields Virtual World/Grid and Avatar Name as they are.
On Personal Information you can enter your First Name, Last Name, Country the select your Preferred Language or you can leave as English then agree to the terms and conditions
Verify your account
After Activating your account you should login so that you can deposit your funds via your Debit Card/Credit card or PayPal.
Click on the Deposit on your left as shown in your left screen
Beware of the fees
What you should be aware of before continuing buying bitcoins with either Credit Card/Debit Card or PayPal is the fees.
As you can see in the image below, the fees differ depending on the currency you are using.
For the credit cards the fees are as follows
1. EUR 0.39 + 3.5%,
2. USD 0.49+3.5%
3. GBP 0.29 +3.5%
And for PayPal EUR 0.35 +3.4%
The next thing after knowing the fees and the limit, you can deposit your funds then your funds will appear on the card that you chose or in your VirWox PayPal account. When depositing your funds you can decide whether you want to use your debit card/credit card or PayPal
Enter the amount and choose payment method
Another thing to you should know is the limit that you can deposit, this amount can be increased as you buy more bitcoins with debit card. The limit you can deposit when you are still starting is 90USD for the Credit Card and 99USD for PayPal. Your deposit will increase as you keep on buying more bitcoins.
Enter the amount you want to deposit. Your limit will be $90 if you are using Visa or MasterCard and your limit will be $99 if you are using PayPal. This limit will increase as you keep on using VirWox. Then select your payment method by clicking on the logo of the payment method you are using. Fill in the details as required in the next form.
If you use Debit/Credit Card you will be taken to the VirWox Debit Card form as shown in the picture below
And if you use PayPal you will be taken to a PayPal form were you can login and fund your account.
After depositing your funds into your account, your funds will appear in your top left of your screen. You can buy SLL by clicking on your USD/SLL link, your money will be converted to SLL. Then after that you can convert it to Bitcoin by clicking on BTC/SLL on your left. You can convert SLL by clicking on the left button show in the image below.
After converting your SLL to bitcoin you wait for it to appear in your account One other thing that you should know is that your bitcoins will take up to 48 hours to appear on your VirWox account, is not instant.
Once your bitcoins appear in your account you can click the withdraw button and paste any bitcoin address and withdraw your bitcoins to that address.
Hope this tutorial was helpful if you need help, or you have questions please leave a comment below I would be happy to help you.
Click here to open a VirWorx Account