Contents:
Along with supporting various payment methods, there are many cool features and tools that are offered by the site for user convenience. Wirex is a debit card that integrates traditional money and banking services. This London-based company was launched in the year by supporting three fiat currencies US dollars, Euro, Pound sterling. Wirex serves various countries in different part of the world. Unfortunately, Wirex does not operate in the US.
Wirex has a simple and user-friendly platform. Using Wirex is not at all complicated. The process is explained below. Next, link the card to your PayPal account and verify it. You have to deposit funds into your PayPal account and later you can withdraw the funds from PayPal account into your Wirex account.
At last, you can buy Bitcoins from your Wirex card. You will have to wait for few days to receive your Bitcoins. Wirex requires ID verification and address proof of its customers. The verified documents are maintained for at least 6 years and are submitted to regulators without the notice of account holders. A user can process transactions without verifying the account up to certain limits.
Wirex has joined its hands with BitGo ensuring security for all accounts. There is two-factor authentication as well as money transfers and change in account details requires time-sensitive confirmation. The fee charged by Wirex is competitive. No fee is applied to the transactions that are made using Wirex. Domestic ATM transactions will be charged 2. Whereas international ATM transactions will be charged 3. Moreover, an obligatory monthly SMS notification fee 1. Changing PIN will also cost you a fee 1.
Unlike other platforms, Wirex does not impose any inactivity fees. Limits are different for verified and unverified accounts. A detailed summary of limits is imposed by Wirex. Bitcoin Account Limits and PayPal account limits are mentioned below. You can reach Wirex via email or social media. Well, Wirex offers a good support system.
Wirex platform is quite intuitive along with a mobile application to make it easier for its users. Wirex supports various currencies and also accepts altcoin funding.
But using Bitcoin to pay at ordinary merchants is not due to launch until "early ". As a service that many find convenient and useful, PayPal would seem like a good fit for bitcoin, too. OKPAY is free of charge. Using an exchange like Coinbase you can sell bitcoins to your PayPal account. Protect your digital assets from hackers with the virus- and malware-proof KeepKey hardware wallet. Only a legal professional can offer legal advice and Buy Bitcoin Worldwide offers no such advice with respect to the contents of its website. Limits are applied in terms of four levels.
The site has a good security set up. Wirex does not offer any anonymity and a user has to verify the account by providing various documents and details. The site does not support US residents. Cryptonit allows you to purchase Bitcoins through PayPal by accepting the deposits from PayPal accounts. The deposit fee is quite lofty that stands at 9.
The site has a stringent verification process. You will have to submit a scanned copy of ID, address verification and a selfie of you holding the documents. Register your account by submitting all the documents mentioned as a part of verification process. At last, enter the amount you wish to buy Bitcoins and select PayPal to complete the process.
You can only sell Bitcoins for fiat currencies. Unfortunately, this service is not available for Us residents. The site offers various payment modes with a low fee.
The site also applies limits on the transactions. The site also offers comprehensive customer support. Initially, login to the website and register your account. Then link your PayPal account with your eToro account and you can get started. VirWox is a peculiar blend on the cryptocurrency market, initially established to trade Second Life Lindens SLL and other virtual currencies in the year This Austria-based exchange was initially started to trade virtual currencies used for gaming. The site has over k registered users.
VirWox is one of the most popular sites to offer PayPal as its major mode of payment. You will have to buy Linden Dollars first then exchange it for Bitcoins.
Once the details are entered, you will receive an email with a password. You have to log in to the site using that password. The password which is sent is temporary and it is mandatory to change it within 24 hours. If the password is not changed within the specified time, then your account will be deleted.
Next, you have to log in to PayPal and the amount you entered for deposit will be displayed. The amount displayed will be slightly less than what enter due to the fee imposed by VirWox. Next steps involve buying Second Life Lindens in exchange for your fiat currency. The process is similar and simple. You will see the balance in Bitcoin on left top corner if the process is successful. VirWox respects the anonymous nature of the Bitcoins and does not ask for any verification by its users.
The site states that it does not share user details with third parties. The site follows stringent red-flag policy, which results in frequent blocking and suspending of accounts. Even credit card details are not stored on the site. As the site was originally not established to buy BItcoins with Paypal, conversion of Linden dollars to buy Bitcoins through PayPal might slightly charge you an additional fee.
Some users are ready to pay a lofty amount as there is no bigger competition for supporting PayPal to buy Bitcoins. You are not charged any fee in exchange for Bitcoins and also for using My Virtual Community PayPal Terminal and the funds are available within two hours.
OKPAY is free of charge. Skill will cost you a fee GBP 0.
Sofortbanking will charge you 2. Bitcoin exchange will cost you 0. How do crypto-currencies work? Cryptoqueen: How this woman scammed the world, then ran. UK government mulls Bitcoin regulation. Carney warns on crypto-currency 'mania'. PayPal pulls out of Facebook cryptocurrency plans.
All could be stored "directly within the PayPal digital wallet", the company said. Paying with crypto. But it is not PayPal's first venture into the area. Related Topics. Facebook Cryptocurrency PayPal Bitcoin.
More on this story. Published 12 February Published 20 October Will PayPal protect my Cryptocurrency? What we can't protect you from are losses that result from Cryptocurrency price fluctuations.