This guide describes how to buy Bitcoin with PayPal, step by step in a simple and clear way in writing
There is a wide range of buying and selling services in Bitcoin, the ease of delivery and the options available depend on the country from which the purchase is made. The citizens of the United States and Europe have a great variety of options in relation to us here in Israel, and one of the relatively simple ways to purchase Bitcoin for us in Israel is through PayPal.
Although the road is slightly indirect but all the same Possible. Why circumvention? Well, PayPal does not allow direct purchase of Bitcoin because this ability was used in the past for scams, crooks would buy coins and then complain that the party they purchased did not meet their obligations and they demand that the deal be canceled and the deal was canceled The money was returned to the buyer, the crook buyer would also keep the coins from That transaction, the crook would receive a refund due to false complaint and remains with the coins, the seller would have remained without the coins and without payment. It reached proportions that could not be ignored and ultimately it was decided not to allow the purchase of digital coins such as Bitcoin through the Paypal. At the same time, there is still someone willing to take the risk and make it possible to purchase it indirectly through PayPal's payment service and with international credit cards.
They have a written guide for purchasing Bitcoin with PayPal
- Click on the link at https://www.virwox.com
- In the upper left corner click on the link: Not registered yet?
- Make a standard registration process including email confirmation Remember the registration details, this is important for future shopping
- After registration sign in. On the left under the menu: My Account. Click on the link: Deposit
- In the middle part of the site you will see deposit options. Look for PayPal Express Checkout.
- The amount that will appear is a fixed maximum amount (initial, until you gain credibility, the amount will be between $ 50 and $ 100 per deposit and for a variable period but usually $ 80).
- Select the maximum amount or any amount below the maximum and the currency type (USD, EUR, etc.).
- On the right, a yellow orange button will appear with the words: checkout with PayPal. Click on it and you will be transferred to your PayPal account.
- Confirm the transaction and return to virwox.
- Up on the left under Account Account Balance. The deposit / balance will appear in dollars (usually unless otherwise specified).
- On the top left under Account Status and under the heading: Exchange should be selected: USD / SLL (conversion). Converted the entire amount, there is no point in leaving a surplus on this site (although it will be updated on your next deposit).
- After this conversion it remains to convert to Bitcoin. Of course, at this point you should have a Bitcoin address. , click here https://www.blockchain.com/ to open an online wallet on your computer.
- On the top left under Account Mode and under the heading: Exchange should be selected: BTC / SLL (conversion). Convert the entire amount and now you own Bitcoin.
- In order to transfer to a wallet of your choice that is not on the virwox site, select the link: Withdraw.
- To withdraw the entire amount, enter your wallet address and press: Request withdrawal
- For new users it is a process that can take an even longer day (virwox checks that no cancellation instruction has been received). Once you establish reliability, the process will be faster.
If buying Bitcoin with the help of PayPal looks a bit complex, you're right, but it's the fastest way to buy digital coins and the more you use it, the faster it will be. It is important to remember that these are different systems (digital coins and "ordinary" money) completely, there is no direct connection between them and probably not even the transition can be very complex in Israel because our options are limited compared to the United States and a significant number of European countries. Post-transition current usage simple and easy.