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Relatively low fees, variety of payment methods accepted Cons: The platform will allow you to buy Bitcoins with PayPal but you will not be able to withdraw them or send them to other people — you will only be able to sell them for fiat currency i. This method is only valid if you live outside of the US. If however, you need the actual Bitcoins to buy stuff or send them to another person, keep on reading.

Also, Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. So keep in mind that your capital is at risk.

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A reliable method that has been around for a long time. After buying this currency with PayPal which is acceptable we will then trade it to Bitcoins. Things you should know about Virwox before we get started: Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit initially through PayPal or a credit card, here are the exact limits according to their website from April 29th This process holds more transaction fees than usual. This may still be a valid solution since the soaring numbers of BTC compensate for this.

Virwox is delaying new user transactions for up to 48 hours. This means that it can take you 2 days to complete this process still way faster than using a wire transfer. Virwox is an exchange of virtual currency, you can buy there Lindens, Bitcoins, and more. It has more thanregistered users and is a Second Life Lindens authorized reseller.

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