VirWox Bitcoin Exchange Review BitcoinBestBuy

Some things you may not know about BCH

  1. You (anyone) can open a web-wallet quite easily to get started: https://tsbw.io/bcc/ is open-source, or https://coin.space/?network=bitcoincash - in case you don't have a smartphone app like Jaxx or Coinomi these are temporary wallets just to get you started.
  2. You don't have to buy coin. You (anyone) can earn bch through tips here on reddit, or twitter thanks to /tipp tippr or similar bots.
  3. Anyone can also earn bch right now too on http://yours.org by posting updates that people might find interesting and/or useful. This is an amazing thing, and makes me think a lot of other platforms for earning are coming soon.
  4. You can buy gift-cards using bch on https://cryptonize.it/product/amazon-gift-card/ - if amazn ships to you this means you can buy foods and stuff to live off of (rice/beans/soylent?etc). Disclaimer: I do not work and am not associated with any of these projects. This one it seems they're getting a lot of orders so they're still working out the kinks. (https://cryptonize.it/about/). This seems like a huge business opportunity to try and work around the stranglehold that visa and mastercard have on payments. - edit: I just realized (if they're in stock) you can buy other types of giftcards (instead of or including amzn) and sell them for cash on many card-to-cash websites, and sometimes even local kiosks.
  5. Depending on where you are in the world some places, for example https://www.southxchange.com/ claim you can sell bch for fiat (if you really have to). YMMV and I have not done this. Remember, some banks hate crypto since it challenges them. If you're thinking of doing bank transfers to fiat from exchanges be careful - the bank may shut down your account! They may also cut-off links between exchanges at any time.
  6. Some places like BitPay offer crypto 'debit cards' where you can fill up with btc (not yet bch?) and then spend it like you're used to anywhere visa is accepted, but don't expect these to be around forever because they rely on visa partnerships, so don't expect them to always keep fees low either.
  7. If you don't like using Coinbase or other privacy-invasive services your options for converting bch to fiat are increasingly slim. You can try any number of exchanges that offer bch/fiat but keep in mind that security, sharing bank account info and ID info can be a big risk and sometimes the fees are huge, alternatives might include virtual exchanges such as http://virwox.com but the process goes something like BCH -> litecoin LTC -> to linden (exchange may not be cheap) -> to fiat to then withdraw fiat to skrill or paypal - fees might be steep there too and paypal hasn't been too friendly with this idea. But if you're thinking of going this route you can use Shapeshift to convert bch to ltc through coinomi.
  8. The more places that offer ways to spend bch, the more local need for putting it back into fiat is not required. However, it is a catch-22 to expect merchants to be able to buy stock from others who are not using crypto yet and start accepting bch. Most people don't understand blockchain and with it crypto so if you're planning on asking your local shopkeeper to accept bitcoin you better have a way to make it clear to them the many advantages but also how they can use their own bch to buy produce/materials to keep the business running. (Maybe via #4). This (in my opinion) is the greatest barrier to wider bch adoption.
submitted by writingabout to btc [link] [comments]

How to Buy Bitcoin with PayPal

How to Buy Bitcoin with PayPal
In order to buy Bitcoin, casual investors want to avoid the complicated process of setting up an account with exchanges or going the mining route – two rather detailed and laborious processes. Thankfully PayPal offers a more convenient method to acquire digital currencies.

How to Buy Bitcoins with PayPal through eToro

Pros: Accepts a variety of payment methods, low fees
Cons: Not available in the US
eToro is a platform that allows users to buy bitcoins with PayPal and is considered to be one of the easiest methods to do so. Worthy of note is that eToro does not enable users to withdraw or transfer bitcoins to other users, rather it allows users to sell Bitcoin only for fiat currency. Users do not need a bitcoin wallet to use eToro as they do not store any coins.

How to Buy Bitcoin with PayPal through VirWox

Pros: A reliable method
Cons: High fees
VirWox (Virtual World Exchange) – It is a platform that allows trading of digital currencies such as Lindens, Bitcoins, etc. This exchange has more than 400,000 registered users and is an authorized reseller of Second Life Lindens (SLL).
Here is a step-by-step guide taking you through VirWox:
  • Go to VirWox.com
  • Open an account – login to Virwox, register and fill personal details like username, email address, etc. Skip when asked for “avatar name” and enter all other necessary information and click “register”.
  • Activate an account – a confirmation email is sent to your account with a password. Login to Virwox with these credentials. It is advised to change the password before transferring money.
  • Deposit money through PayPal – to do this, ensure you have an account with PayPal and ‘understand terms of service’ allowed by PayPal for using SLLs to buy bitcoins. Deposit money into Virwox account via PayPal. Now you have a balance in your VirWox account to purchase coins with.
  • Go back to VirWox and buy SLL, and then buy bitcoins with your newly purchased SLL. Click “withdraw” to send your new bitcoins to your wallet. That’s it! Now you own Bitcoin!
VirWox charges fees for each transaction such as exchanging USD for SLL and then exchanging SLL for BTC. The fee structure of VirWox changes constantly so keep an eye on this every time you want to make a transaction. VirWox has been in the market for a long time and is currently the most reliable platform.

How to Buy Bitcoin with PayPal through Local Bitcoins

Pros: Various sellers from all around the world
Cons: High fees, chances of scams
Local Bitcoins is another marketplace where buyers and sellers meet. In this method, users can buy bitcoins with PayPal by finding a suitable seller with an excellent feedback score and large trade volume. Trading with new buyers involves higher risk, so sellers charge buyers high fees – keep that in mind!
  • Enter search parameters – go to Local Bitcoins and select your country and choose the amount to be purchased.
  • Choose a seller – a list of sellers is displayed by Local Bitcoins. Choose a seller who has a good feedback score. Each seller has trade limits which range from a minimum to a maximum amount of bitcoins required to trade.
  • Go to Payment window – buyer’s reputation increases per transaction and sellers prefer to sell bitcoins to buyers with a good reputation to avoid becoming a victim of fraud.
  • Complete the trade – after finding a suitable seller and entering the quantity of purchase, click “Send trade request” and your done!

How to Buy Bitcoin Using PayPal through Wirex

Pros: Normal fees
Cons: Withdrawing funds takes more than a week
Wirex is a leading company that provides virtual and physical bitcoin debit cards (which is just like a normal debit card). Users can use Wirex’s card to buy bitcoins with PayPal.
  • Request for a new physical/ virtual debit card from Wirex – login to Wirex and click on “request new card” and choose the card type. Users can use both physical and virtual cards to buy bitcoins via PayPal.
  • Link debit card details to PayPal account:
    • In PayPal account, go to “wallet”, select “add a card” to add your virtual bitcoin card. A minimum of $3 is required in PayPal account to verify this card.
    • A 4-digit code is generated, which is the verification pin for Wirex cards on PayPal.
    • Go to “wallet” and click “Withdraw funds” and choose “withdraw funds to your card” option.
    • Withdrawal would take up to 7 days to appear in Wirex account.
    • Buy bitcoins with Wirex debit card.

How to Buy Bitcoins Using PayPal through Paxful

Pros: Wide range of sellers from all over the world
Cons: Chances of scam, high exchange rate
Paxful is the latest version of Local Bitcoins. It is a decentralized peer to peer marketplace and allows users to buy bitcoins with Skype credits, Amazon gift cards, etc. In Paxful, a seller sends bitcoins, buyer purchases and sends dollars to escrow. Once the trading is completed, funds are released to each party.
The process to buy bitcoins through Paxful is:
  • Create an account
  • To buy, select payment method by entering the desired amount
  • To sell bitcoins, select “seller manually” or allow Paxful to decide who the best seller is.

Final Thoughts…

Cryptocurrencies are tentative, complex and involve high risks as they are highly volatile. Before buying bitcoins through PayPal, ensure that the terms and conditions of PayPal and bitcoins are well – understood to make your transactions secure.
Source: CryptoCurrencyNews
https://preview.redd.it/3ripk7pccui11.png?width=983&format=png&auto=webp&s=027e30696faa3bb18ad0d012cea1d88cda09dc67
submitted by Lumi_wallet to LumiWallet [link] [comments]

Trading DOGE: Your full guide to trading Dogecoin for profit

NOTE: YES! This guide is long, but when you get started it's fast and easy.
Hi everyone,
my previous post about PTC's got so much hate. So I decided to make a full guide on how I made $120 last month. If the same interest and numbers remain you'll be making $100/month for two months, and $500/month for another month. On your third month, you'll be able to make over $750 if the market remains. These last couple of days I've just bought low sold high to people. The steps are really simple and anyone can do it, I'll show you all the steps in detail for maximum profits.
Disclaimer: I am not responsible for your money or actions. Any accusations to me (Rynsi) will not be accepted, use it on your own risk!
1. Introduction
2. Get started with Dogecoin
2.1 Install your wallet
3. Choose trading sources
3.1 USD/BTC
3.2 BTC/DOGE
4. Where to sell Dogecoin?
5. Good advise
6. Summary
7. Proof of Screenshots for the naysayers
8. Links
1. Introduction
I started trading Dogecoin (I'll talk about this coin soon) 5th of February, and saw a great potential in making money with it. With this guide, you'll make 15%-30% of your money back with each trade because the current market is limited, therfor YOU can provite this service that many people request. I started with $72 and now have $220, which makes my ROI 205.5%. I will show you how it's made step by step before it blows up and become viral!
2. Get started with Dogecoin
You can use it to buy goods and services, or trade it for other currencies (both other cryptocurrencies or traditional currency like US dollars). By far the most popular use the Dogecoin however is for "tipping" fellow internet-goers who are creating or sharing great content. Think of it as a more meaningful "like" or upvote, with real value that can be used all across the internet.
2.1 Install your wallet
To start using Dogecoin, you'll need a wallet. A wallet is just like your online bank account, only your entire account is stored securely on your local computer or in the cloud. From your wallet you can send and receive Dogecoin, manage your address book and review a history of your transactions.
Desktop wallets can be downloaded and run from your computer's desktop. Desktop wallets are more secure as they don't rely on a third-party server in the cloud:
Windows (click to download)
OS X (click to download)
Source code(if you're using Linux, you'll need to compile the wallet yourself)
For Windows and OS X users, simply extract the .zip file to a secure location on your computer, then double click on "dogecoin-qt" to run. For information on how to use your desktop wallet, check out this great site.
3. Choose trading sources
You know now how to get a Dogecoin wallet, but you will need to get an online wallet to save USD on, one exchange site to trade USD to BTC and one to trade BTC to DOGE. It might sound a lot to do in the startup phase, but it's really easy once you get going!
3.1 USD/BTC Exchange
There are a lot of options when it comes to buying BTC, but for now VirWox is the only one that accepts PayPal and VISA purchases. You can choose many different kinds of sites that accept USD/BTC trades, that is another story that is another story to be told. VirWox has a limit of depositing $780 per month, but after 60 days you can deposit $2800 per month, so trading as much as possible will be the best thing to do if you want money.
USD Storage: PayPal
USD/BTC Exchange: VirWox (ref / non-ref)
To deposit dollars with (VERIFIED) PayPal to VirWox, you need to be a verified user. This is to prevent frautend actions such as chargebacks and instant payments. The deposit will be instantly made after you complete the order and you can start trade. To trade, you first have to buy SLL with the USD on your account [!!!WARNING!!!] USE LIMIT ORDER and NOT market order.
Now do the same, but with the SLL/BTC exchange. I repeat, do NOT use the market order. Use LIMIT ORDER to get as much BTC as possible.
You have now successfully completed a USD/BTC exchange!
3.2 BTC/DOGE Exchange
This step is almost similar to the previous Exchange, but this step is only with Crypto-currency (read Bitcoin and Dogecoin).
BTC/USD Exchange: Cryptsy (ref / non-ref)
To exchange to BTC, you need to withdraw your BTC from VirWox to Cryptsy. This is made in the Cryptsy balance page, where you can generate a BTC deposit adress. Unfortunately, you have to wait 48 hours the first time for VirWox to accept your deposit manually due to security reasons, all the other transactions in this guide will be almost instant.
Now when you have BTC on your Cryptsy account, you have to do the same as you did with USD/SLL and SLL/BTC, really easy! When you have traded to DOGE, your downloaded Desktop Wallet comes in handy. Deposit the DOGE from Cryptsy to your Desktop Wallet and you're ready to go to the next step!
4. Where to sell Dogecoin?
This is a great surprise I have waited to tell you, you use REDDIT to sell Dogecoin! It's really easy to do. Go to /dogemarket/new and see what the current prices are. You can sell for the same price as others, undercut for faster sales or overcut for slower sales (but bigger profits!). You structure the post by [SERVICE] AMOUNT RATE PAYMENT TYPE (SPECIAL OFFER). Here is an example, my last post where I sold Dogecoin. If you follow my conversation in that post you will see how typical trades are being made.
When you have traded the Doge you can make a post on the /dogemarket verification thread where you achieve levels that will be shown for other users through your flare. Notice the orage flares, those indicate level of trades, age and amount you have traded. These are good for noticing legit and fake users, but always be of scammers!
5. Good advise
A. Only accept GIFT (friends and family option) from (VERIFIED) PayPal, DO NOT accept eChecks or transactions that has to be accepted first. eChecks and Instant payments can be chargebacked and gifts will prevent this from being possible.
B. If you have reached VirWox deposit limit, wait a while to see how the BTC/DOGE market is going. You might make some extra 1000's of DOGE if you wait a while.
C. Always be nice and kind to the DOGE community, they are really friendly, patient and polite, be so too!
D. Try to be fast in your transactions on /dogemarket, good service equals good reviews.
E. PEOPLE WILL TRY TO SCAM YOU! Always check for names including "shibe" or "doge" and new accounts.
F. Have fun! If you have fun trading and communicating with other people on Reddit, you will enjoy yourself and have a better time making money.
6. Summary: A step by step guide to make $100+/month
(and $500+/month after 60 days if market remains)
Download your dogecoin wallet.
Sign up to PayPal, VirWox and Cryptsy.
Add money to your (VERIFIED) PayPal account.
Deposit the money to VirWox.
Exchange money to SLL.
Exchange SLL to BTC.
Withdraw BTC to Cryptsy.
Exchange BTC to DOGE.
Withdraw DOGE to Desktop Wallet.
Make a post on /dogemarket.
Recieve PayPal money from buyer.
Send Dogecoin to buyer.
7. Proof of Screenshots for the naysayers
PayPal Proof
VirWox Proof
Cryptsy Proof
Desktop Wallet Proof
As if you haven't seen the whole iceberg, here is my reddit verification post
8. Links
Dogecoin Promotional video(a must watch)
Dogecoin Subreddit
Dogecoin Official website
Bitcoin Subreddit

Bitcoin Official website

This is my first guide: making over $100/month with a $72 investment. When your VirWox account is 60 days you'll make $500/month and when your VirWox account is 90 days you'll make $750/month (if market remains as it is).
I think it's a big effort by me trying to teach you how to make money, so I would really appreciate you using the referral links. If you find any errors in my guide, please don't hesitate to tell. I will be answering any questions regarding my guide as good as possible doesn't matter if you comment or PM.
I'm accepting any donations,
DHKzSsCVpv5QuJvHxWKENH9SKC3S58raBx
Thanks.
TL;DR Wanna be rich? read.
Edit: Formatting
submitted by Rynsi to beermoney [link] [comments]

Easy guide: How to buy bitcoins fast (And even for small amounts).

I would like to share an easy way to buy bitcoin fast
https://www.virwox.com
  1. Register your account on that website.
  2. Deposit money into the website.
  3. On the left side of the page press "USD/SLL" or other currency you deposited and exchange your money to sll.
  4. Than press "BTC/SLL" and exchange your sll to bitcoins
  5. Now you can press "Withdraw" and withdraw your btc.
It's fast, feas are not big. I used it many times, so it's trustworthy and transparent. I hope I helped someone.
submitted by Benukysz to Bitcoin [link] [comments]

Did anybody else just see this posted? (And quickly deleted) Ziggap founder states all other Bitcoin companies are part of organized crime. Screenshot: http://imgur.com/5pXE979

Hello /bitcoin,
The reason ZIGGAP is not currently up is because my competition has been selectively scamming me. You see the following organizations are all ran by the same group of organized crime and money launderers:
OKPay
BitInstant
Coinbase
Coinabul
BTC-E
MtGox
Dwolla (Was created just to ACH money through bitinstant before coinbase came about)
Bitfloor
Bitme
Localbitcoins
Coinapult
Coinlab
Bitstamp
Virwox
ZipZap (No I didn't know before I signed up with them)
TrustCash (Owned and operated by Arthur Britto, even though he has a standin listed as the company director. Arthur is the one who answers the phones with a different name, FYI)
BTCJam
And probably more.
I don't run that way. I have zero interest in laundering money. My competition however doesn't like that I wont play ball with them, and as a result they have been scamming me out of funding everywhere I go. I was told that if I didn't either 1) Give half my company to a member of this organization or 2) Close my doors that I was going to get sued or have funds taken from me.
I've been ramping back up to relaunch ZIGGAP and have been attempting to purchase Bitcoin for sale and have had it go wrong in mysterious ways every time I try. When I go to MtGox to buy their website goes down, when I try to create a company account the sign up page doesn't work. Low and behold when I use a different name it works fine. When I wire funds to BTC-E they hold the wire and ask for the same documentation over and over. I tried to withdrawal money from BTC-E and the withdrawal is just stuck on "pending" and the money is gone. When I tried to pay the loan on BTC-Jam the loan says it's not paid but the Bitcoin is gone. Celso is not responding. When I buy, there are massive selloffs.
You get the idea.
The simple process of trying to buy Bitcoin has resulted in over $20,000 of ZIGGAP's money being held in multiple locations with zero recourse for me since these locations are overseas. I've tried recalling wires just to have them denied. So I guess that's it. ZIGGAP is not coming back, not because I don't want to, but because I'm being shut out of Bitcoin and being scammed from over and over.
I'm out. Obviously people are going to make me into a scammer and doing everything they can to get the site shut down. I now do not have enough funds to continue operation. Thanks Bitcoin community! It's greatly appreciated. I never realized this was a just organized crime racket or I never would have participated in the first place. I thought this was about the next generation currency. Boy was I fucking wrong. I'm going to have to file bankruptcy now because of these people.
-Ryan
submitted by redshirt66 to Bitcoin [link] [comments]

Reliability of using Virwox to buy bitcoin

One method to buy bitcoin with fiat is first to buy Second Life Linden (SLL) with Paypal, and then to use the Virwox exchange to convert the SLL to bitcoin. Some people say that they have used this method several times with no problems, but others are furious that Virwox scammed them out of their money when they tried to withdraw their bitcoins in the final step. (Have a look at these reviews of the service; they are mostly bad.)
I have some questions about this:
I would probably use this service to buy BTC if it didn't have so many extremely negative reviews. This process can also be used in reverse to convert BTC to SLL, and then to convert SLL to Paypal, and in contrast, that seems to be reliable.
If anyone has any insight into these matters, I'm very interested to hear it.
submitted by nicole_amm to Bitcoin [link] [comments]

How Not TO Buy Bitcoin with Paypal Through VirWoX (Getting Your Account Closed/Suspended)

I wanted to create a totally anonymous website that no religious or political force can easily take down and threatens my safety (FREEDOM OF SPEECH!). This means having both domain and hosting services outside US and "controlled" countries.
One of the step is acquiring bitcoin to do the needed payment to be anonymous. I tried using the famous process of buying BTC through VirWox and would like to share HOW MY ACCOUNT WAS CLOSED to help others AVOID these.
Here's, the email sent by VirWox Support:
"Hello, unfortunately we have received high risk indications for your account. We have therefore refunded your payment and closed the account."
Here are the possible reasons why what I've done was high risk.
  1. Email account used is mail.com where there's no identity verification required.
  2. Used pseudonym and fictitious contact information throughout (let's call her Maria)
  3. VPN with IP on the address of Maria
  4. Browser cache cleared. Used private window.
  5. Turned off all "location" and other privacy invasive features of your computer.
  6. Created account on VirWox for Maria
  7. Deposited USD through a paypal account of a willing friend (thus different name from Maria)
  8. Bought SLL with USD
  9. Bought BTC with SLL
  10. Withdraw BTC
  11. All above steps were done on the same day
Within 48 hours, I got my VirWox account closed and all money refunded (including fees - good news atleast)
Next time, I would probably buy BTC from VirWox disclosing my real identity using my own Paypal. However, this removes one layer of anonymity.
Any suggestions on how to buy bitcoin with paypal allowing maximum anonymity? Thanks!
submitted by chaoshavokpogi to Bitcoin [link] [comments]

An exercise on buying bitcoin with a credit card or paypal on Virwox

I keep seeing posts here by people wanting to know how to do this, or other people advertising the method using Virwox.com. You CAN get bitcoins this way, but it IS expensive. I have done this many times because I sometimes get given money by paypal, and I cannot withdraw it to a bank account, so need to spend it online. I checked my paypal balance and saw I had 170 Euros in it, so decided to do an exercise to see how many bitcoins I can get for that using Virwox. This is the result:
Started with 170 EUR Deposit into Virwox via Paypal = charges of EUR 0.35 + 3.4% Total landed into Virwox account: = 163.89 Convert to SLL: I want to sell 163 EUR, and get at least 51,547.97 SLL. Note: The above amount already includes our exchange commission of 50 SLL + 2.90%. Convert to BTC: I want to buy 0.223 BTC, and pay at most 51,597.93 SLL. Note: The above amount already includes our exchange commission of 50 SLL + 2.90%. Total after conversions: 0.223 BTC = 145.6 EUR on Bitstamp 
Moral of the story, ONLY do this method if you have no other alternative.
TL;DR - Pay 170 EUR for 145.6 EUR worth of BTC if you use Virwox to by using paypal or credit card.
submitted by btcsa to Bitcoin [link] [comments]

Help me get back my bitcoin? :/

Hello! My name is Charles, and please don't mind me, I'm going to go on a rant/questioning for you all.
I need your help.
Call me over-exaggerating, but this company, VirWox had taken 30 dollars from me and sent it to a completely different address then I had intended. (Bitcoin) I've explained to them, or tried, that the address was completely different to mine so it would be impossible for me to have "inserted" the wrong address.
I mean I know it's only 30 bucks, but this is slightly important for me since I am changing that 30 to another coin, I.E. a investment.
Please help me, and give me tips on what to do. I will show you the transcripts.
Me: Hello, I sent my bitcoin to 1FwKD87WB4adYiK5YHWhV18CXYLorBZyCz yet it went to 18dEALptohpopRCo2VYTxMVcF4xk7yKpMh
I sent .034 BTC. I bought 30 USD worth, and it went to another address. The address it was sent to was nowhere near to the address I was intending to send it to, so obviously there was a mistake.
Also, I checked and confirmed it was sent to the wrong address. But I NEVER got a confirmation email like last time I used Virwox.
I got this last time: Dear No Avatar,
we have just processed your request to withdraw 0.036000000 BTC, and sent the amount to the Bitcoin address you have specified.
The Bitcoin transaction ID is 4bcc7506238c55d2c907accef957e79f3c34b1a30d97a3830ab64f6ec6bd9476.
Thank you for using VirWoX, we appreciate your business!
Regards,
VirWoX I did not get a email like that.
Office: Hello,
I am sorry, but as the transaction has already been processed, it is not possible to cancel it. Bitcoin transactions are non-reversible, which is widely considered a key feature of bitcoins. Only the owner of the private key to that address can send you back the bitcoins.
The transaction was processed in real time when you submitted the withdrawal request, which is the reason why no email was sent.
Greetings,
VirWoX Support
Hello,
we send the bitcoins to whatever address is specified. If it is the "correct" address or a "wrong" address is up to the user. As addresses are completey anonymous, we can not tell if it is really yours.
Greetings,

VirWoX Support

Thanks, if there is ANYTHING I can do, please tell me. Thanks for reading
submitted by findingasong to Bitcoin [link] [comments]

Trading DOGE: Your full guide to trading Dogecoin for profit!

NOTE: YES! This guide is long, but when you get started it's fast and easy.
Hi everyone,
my previous post about PTC's got so much hate. So I decided to make a full guide on how I made $120 last month. If the same interest and numbers remain you'll be making $100/month for two months, and $500/month for another month. On your third month, you'll be able to make over $750 if the market remains. These last couple of days I've just bought low sold high to people. The steps are really simple and anyone above 18 can do it, I'll show you all the steps in detail for maximum profits.
Disclaimer: I am not responsible for your money or actions. Any accusations to me (Rynsi) will not be accepted, use it on your own risk!
1. Introduction
2. Get started with Dogecoin
2.1 Install your wallet
3. Choose trading sources
3.1 USD/BTC
3.2 BTC/DOGE
4. Where to sell Dogecoin?
5. Advice
6. Summary: A step by step guide to make $100+/month
7. Proof of Screenshots for the naysayers
8. Links
1. Introduction
I started trading Dogecoin (I'll talk about this coin soon) 5th of February, and saw a great potential in making money with it. With this guide, you'll make 15%-30% of your money back with each trade because the current market is limited, therfor YOU can provite this service that many people request. I started with $72 and now have $220, which makes my ROI 205.5%. I will show you how it's made step by step before it blows up and become viral!
2. Get started with Dogecoin
You can use it to buy goods and services, or trade it for other currencies (both other cryptocurrencies or traditional currency like US dollars). By far the most popular use the Dogecoin however is for "tipping" fellow internet-goers who are creating or sharing great content. Think of it as a more meaningful "like" or upvote, with real value that can be used all across the internet.
2.1 Install your wallet
To start using Dogecoin, you'll need a wallet. A wallet is just like your online bank account, only your entire account is stored securely on your local computer or in the cloud. From your wallet you can send and receive Dogecoin, manage your address book and review a history of your transactions.
[Here are many good links that let you pick the right Dogecoin Wallet of your needs.

](http://dogecoin.com/get-started)

3. Choose trading sources
You know now how to get a Dogecoin wallet, but you will need to get an online wallet to save USD on, one exchange site to trade USD to BTC and one to trade BTC to DOGE. It might sound a lot to do in the startup phase, but it's really easy once you get going!
USD Storage: PayPal
USD/BTC Exchange: VirWox
3.1 USD/BTC Exchange
There are a lot of options when it comes to buying BTC, but for now VirWox is the only one that accepts PayPal and VISA purchases. You can choose many different kinds of sites that accept USD/BTC trades, that is another story to be told. VirWox has a limit of depositing $780 per month, but after 60 days you can deposit $2800 per month, so trading as much as possible will be the best thing to do if you want money.
To deposit dollars with (VERIFIED) PayPal to VirWox, you need to be a verified user on PayPal (check their site for more information). This is to prevent frautend actions such as chargebacks and instant payments. The deposit will be instantly made after you complete the order and you can start trade. To trade, you first have to buy SLL (VirWox own currency) with the USD ypu deåpsoted on your account [!!!WARNING!!!] USE LIMIT ORDER and NOT market order.
Now do the same, but with the SLL/BTC exchange. I repeat, do NOT use the market order. Use LIMIT ORDER to get as much BTC as possible.
You have now successfully completed a USD/BTC exchange!
3.2 BTC/DOGE Exchange
This step is almost similar to the previous Exchange, but this step is only with Crypto-currency (read Bitcoin and Dogecoin).
BTC/USD Exchange: Cryptsy
To exchange to BTC, you need to withdraw your BTC from VirWox to Cryptsy. This is made in the Cryptsy balance page, where you can generate a BTC deposit adress. Unfortunately, you have to wait 48 hours the first time for VirWox to accept your withdrawal request manually due to security reasons, all the other transactions in this guide will be almost instant.
Now when you have BTC on your Cryptsy account, you have to do the same as you did with USD/SLL and SLL/BTC, really easy! When you have traded to DOGE, your downloaded Desktop Wallet comes in handy. Deposit the DOGE from Cryptsy to your active Wallet and you're ready to go to the next step!
4. Where to sell Dogecoin?
This is a great surprise I have waited to tell you, you use REDDIT to sell Dogecoin! It's really easy to do. Go to /dogemarket/new and see what the current prices are. You can sell for the same price as others, undercut for faster sales or overcut for slower sales (but bigger profits!). You structure the post by [SERVICE] AMOUNT RATE PAYMENT TYPE (SPECIAL OFFER). Here is an example, my last post where I sold Dogecoin. If you follow my conversation in that post you will see how typical trades are being made.
When you have traded the Doge with another user you can make a post on the /dogemarket verification thread where you achieve levels that will be shown for other users through your flare. Notice the orage flares on the /dogemarket subreddit, those indicate level of trades, age and amount you have traded. These are good for noticing legit and fake users, but always beware of scammers!
5. Advice
A. Only accept GIFT (friends and family option) from (VERIFIED) PayPal, DO NOT accept eChecks or transactions that has to be accepted first. eChecks and Instant payments can be chargebacked and gifts will prevent this from being possible.
B. If you have reached VirWox deposit limit, wait a while to see how the BTC/DOGE and USD/DOGE market is going. You might make some extra Dollars if you wait a while.
C. Always be nice and kind to eachother, we are really friendly, patient and polite!
D. Try to be fast and reliable in your transactions on /dogemarket, good service equals good reviews.
E. PEOPLE WILL TRY TO SCAM YOU! Always check for names including "shibe" or "doge", impersonators and new (0 day old) accounts.
F. Have fun! If you have fun trading and communicating with other people on Reddit, you will enjoy yourself and have a better time making money.
6. Summary: A step by step guide to make $100+/month
(and $500+/month when VirWox account is 60 days old, and $750+/month when your VirWox account is 90 days old, if market remains of course)
Download your dogecoin wallet.
Sign up to PayPal, VirWox and Cryptsy.
Add money to your (VERIFIED) PayPal account.
Deposit the money to VirWox.
Exchange money to SLL.
Exchange SLL to BTC.
Withdraw BTC to Cryptsy.
Exchange BTC to DOGE.
Withdraw DOGE to Desktop Wallet.
Make a post on /dogemarket.
Recieve PayPal money from buyer.
Send Dogecoin to buyer.
7. Proof of Screenshots for the naysayers
PayPal Proof
VirWox Proof
Cryptsy Proof
Desktop Wallet Proof
As if you haven't seen the whole iceberg, here is my reddit verification post
8. Links
Dogecoin Promotional video(a must watch)
Dogecoin Subreddit
Dogecoin Official website
Bitcoin Subreddit

Bitcoin Official website

This is my first guide: making over $100/month with a $72 investment. When your VirWox account is 60 days you'll make $500/month and when your VirWox account is 90 days you'll make $750/month (if market remains as it is).
I think it's a big effort by me trying to teach you how to make money, so I would really appreciate admiration in the comments. If you find any errors in my guide, please don't hesitate to tell. I will be answering any questions regarding my guide as good as possible doesn't matter if you comment or PM.
Thanks.
TL;DR (18+) Go to point 6 and use the search function if you want to make money
Edit: Formatting
submitted by Rynsi to dogecoin [link] [comments]

Virwox rejected my account registration and got cocky about it too!

(1) Install the bitcoin wallet to your phone --write down the passphrase they autogenerate for you --send the bitcoin address to yourself (your PC) via email (2) Install Authy to your phone (3) Use a PC (or your phone) to visit VirWox and create an account: (setup 2FA for the account using Authy to generate the 6-digit MFA code) (4) Get the confirmation email from VirWox and relogin, changing your password in the process (5) In VirWox: --transfer $99 USD from Paypal (or Credit Card or Debit Card) to your VirWox account --exchange $99 USD to SSL --exchange SSL to bitcoin --withdraw bitcoin to your phone's wallet (you'll need to copynpaste the bitcoin address from your email from step (1)) --prepare to wait up to 48 hrs for VirWox to complete the transaction (first time users only, after that it's immediate) (6) After 24 hrs, get email from VirWox: VirWox>> Hello, unfortunately we have received high risk indications for this account. We have therefore refunded your payment and closed the account. me>> Thank you! Without a better explanation, I will take my business elsewhere. VirWoxYes, please do take your "business" elsewhere. That was the idea of closing your account. meHah! You're so funny :)
submitted by grapes_147 to Bitcoin [link] [comments]

Buying dogecoin

Oh man how long will it take to get a good way for buying dogecoin without creditcard? I don't have one so I needed to deposit money in PayPal account (which takes ~4 days), then deposit it ti VirWox te buy SLL with it, then bitcoins with it (all rather in an instant) but THEN, withdrawing the bitcoins from VirWox has already taken 2 days and still waiting, in this time dogecoin went from 60 satoshi to 125! so I could've doubled my money if I had the ability to buy when I wanted... Really frustrating is what it is...
submitted by jowdemanne to dogecoin [link] [comments]

VirWox, PayPal, BTC, and Headaches

This is for BTC noobs like myself.
I recently decided to play around with BTC a bit to the tune of ten dollars or so.
The quickest and safest mechanism seemed to be through PayPal via the Virtual World Exchange, or VirWox. A number of guides and tutorials made reference to the site so I figured I'd give it a go despite mention of "slightly higher" fees.
My experience with VirWox left me with a few points that I thought others might benefit from being made aware of.
1). All BTC transactions are minimum .02 BTC, an arbitrary limit not imposed on other currencies on VirWox. This is NOT listed anywhere on their FAQ.
2). In addition to a 3.5% deposit fee, VirWox charges 3% fees on each currency conversion As two conversions are necessary to go from PayPal to BTC, this brings the total fees up to about 10% not including PayPal's cut, just to get your money into BTC form on their exchange.
3). VirWox takes a .002 BTC fee on any BTC withdrawals amounting to a full 10% of a minimum BTC transaction thus bringing total fees on a minimum order to a fairly astronomical 20%.
4). VirWox states that first-time BTC orders will be delayed by 48 hours. In fairness to them this is acknowledged in their FAQ but their wording is not terribly clear.
"While most withdrawals to PayPal, NETELLER, Moneybookers, and Bitcoin accounts are processed instantly, we manually check some of them for security reasons (for example of new accounts). They will be processed within 48 hours. In any case, you will receive an email confirmation when the withdrawal has been processed. Note: For security reasons, the first withdrawal of bitcoins will always be delayed by 48 hours."
So it will be processed within 48 hours?
Delayed by 48 hours and then processed within 48 additional hours?
Which is it?
5). Repeated emails to their customer service have proven useless in regards to ascertaining information about the duration of the delay.
I emailed VirWox to ask if I had to wait a full 48 hours or if there was a chance that the transaction could be processed sooner. Upon doing so I was ever so helpfully referred to the FAQ which didn't answer the question at hand. After emailing VirWox a second time with the same question rephrased, I was told that "disclosing the rules which payments are selected for a manual review would be counter-productive". I've emailed a third time, again asking the same question regarding delays. Stay tuned for more lulz.
Now I'm wondering if I should just dispute payment on Paypal and walk away from this giant mess.
tl;dr - VirWox seems a bad choice for those wanting to buy a small amount of BTC to play around with.
Update
After repeatedly asking if I had to wait a full 48 hours, I was told by VirWox customer support:
"The thing is we will not answer such questions. Like Coca Cola will not reveal the formula for coke."
Maybe this belongs in WTF.
submitted by KefkaTheJerk to Bitcoin [link] [comments]

Good time to buy?

Hi, im thinking of buying my first coins soon and was wondering, whens a good time to buy? I dont have much money so to me every cent counts which is why i was thinking of waiting until Bitcoin drops in price.
Also im buying my partial Bitcoins through Virwox. Then i was thinking of moving those coins onto my Bitcoin Electrum wallet because i dont want to download the blockchain and im not sure i can withdraw those coins from virwox to an exchange. I would then transfer them to my Cryptsy adress, convert to Blackcoin then withdraw to my Blackcoin adress. Is this a good way to do it? Like i said this is my first time buying coins so sorry if this looks like a silly way to go about it.
submitted by gamelord327 to blackcoin [link] [comments]

New to Bitcoin, feeling jaded. (bit of a rant)

Thought i'd share my perspective as someone who has just now started using bitcoin.
Not a day has gone by in the last year or so that i haven't seen something about bitcoin. Certainly the praises are high. So when i saw something i'd like to buy listed in bitcoin i decided to pull the trigger and buy in.
I was surprised to see my options for using my credit card did not appear to be very numerous.
After some reading people suggested to use virwox as they are supposed to be fast. I sign up deposit $50 into virwox which ends up as 47.xx after fees only to discover i can only buy SSL or second life money (that's a thing?) to transfer that into bitcoin. Convert the 47.xx to SSL..there'll be a fee for that. SSL to BTC? fee there too, withdraw your btc? you guessed it another fee. At this point i'm out over $5..that's over 10% in fees!
Whatever let me just transfer to my wallet and buy my item and i'll be done with it. Oh..you have a new account? there will be a 48 hour hold until we transfer to your wallet.
Now the price of my item is set in USD ($43) and obviously the price of bitcoin is ever changing. Now i'm just hoping i'll still have enough BTC to buy it by the time my funds are released to my wallet.
Obviously i went about transferring my money the wrong way. I know bitcoin is just starting out and everything. I want to trade in bitcoin to support it....but you guys are not making it easy. I can't begin to imagine what it would be like for the average non technical user.
tldr; too many fees, virwox sucks, must be impossible for someone non technical to get into btc.
submitted by ifeelboned to Bitcoin [link] [comments]

Say, what are the most straightforward ways to Sell BTC and get USD or other currencies?

I figure adoption for Bitcoin will move a lot faster when it's easy to cash out. You know, safer to enter a building once you know where all the exits are, and all that. :3
The simplest method I know presently is The Rock Trading -> Linden Dollars -> Paypal, which I have tested.
I do have bank accounts and debit cards, but I don't know anything about what ACH or International Wire are. I don't know their timeframes or fees, and I assume that entering bank account numbers and routing numbers into not-so-well-known sites would be a pretty big risk.
Has anyone made up a grid displaying "round trip fees" from different currencies to and then from BTC, showing expected % loss, time delay and potential anonymity compromise and inconveniences (frictions) at each step? If not, does anyone know some good sources for such data, and I could help to compile such a list? :O I think that would be a goldmine for anyone shopping around for BTC liquidity options.
For example, round trip USD through the rock involves:
Thanks in advance for sharing your data and perspectives! :D
UPDATE:
Trying to run a few tests on Paypal USD->LL->BTC->LL->Paypal USD at present. Results thus far:
submitted by jesset77 to Bitcoin [link] [comments]

Doge Puppies Like Me: Come hear my tail, such learning, much waiting, yet such sweet Wow.

NOTE: This is a summary of my experience with DOGE buying. I am new to the internet world, very luddite, but hope to learn more. I am sharing my experiences for any others out here like me, who may be just starting out. I am a stay at home mom who browses imgur while nursing, long story short, I stumbled on to the news article about the Jamaican Bobsledders. Then I started my research and last week I jumped on the Dogetrain, all starry eyed and bushy tailed.
I bought my first bitcoin on Virwox using my paypal account. It caps you at $104 USD. You then have to trade your Bitcoin for Linden dollars. Linden is currency from the Second Life, an Avatar game. After you make your linden trade, you can then trade your Linden for BTC. I ended up with around .111BTC, which isn't so great for $104 USD.
I next signed up for an account at Coinbase. At Coinbase I had to enter bank account information, and then I bought BTC. The great thing about Coinbase is that they lock in the market price when you place your order. Even though I haven't actually received my BTC for 4 days (still waiting) I was able to buy it at the low of $781 per BTC. I bought .3 BTC for the price of $237.
The next thing I did was pretty silly. I withdrew my BTC from Wirvox (paying .002 BTC withdraw fee) and transferred it into Coinbase. It took two (2) days for this transfer to take place. Once my BTC finally arrived at Coinbase, I realized I wanted to trade them for DOGE. Coinbase is ONLY for buying and selling Bitcoin. So, I had to transfer my BTC from Coinbase and into Cryptsy. Everytime you make a withdraw from one of these markets, you end up incurring some small fee. But if you are going around needlessly transferring BTC like I was, those fees add up. The transfer from Coinbase to Cryptsy took about a minute. Once at Cryptsy I traded my .111 BTC for around 65,000 DOGE. Next I transferred the DOGE into my Dogewallet that I had downloaded onto my desktop. This transfer took 24 Hrs. It kept saying, "pending" I issued a Cryptsy ticket asking what the hold up was and they responded promptly and fixed the problem by the following day.
I am still waiting for my .3 BTC I bought from Coinbase to stop pending, once it does I will transfer it into Cryptsy and again buy more DOGE.
I downloaded Dogecoin QT wallet for my desktop and transferred my Doge, this took around 12 hrs. The whole time I was stressing not sure what exactly I had downloaded onto my computer (a bug, a bomb?) But I googled and found out from reddit that this is a common issue with Dogecoin QT.
I have also bought 10,000 DOGE on Ebay for $20,000 from a very kind member of the Shibe community who showed me how to find my wallet address, transferred an initial 1 DOGE to make sure it worked, and then welcomed me kindly and gave me an extra 1000.
I also signed up for Doge Vault, and I have tested sending DOGE back and forth between my desktop wallet and the online wallet. The online wallet is faster in my opinion.
TL;DR: Newbie's experience with DOGE, learn from my mistakes.
Community Overlords of DOGE: this might give you an idea of what your average computer idiot goes through when they are starting out.
submitted by TheBigRedRooster to dogecoin [link] [comments]

Buying bitcoin with PayPal again

A year ago I did a test buying bitcoin with paypal because I had some money in my paypal account and was unable to withdraw it locally. The post is here: http://www.reddit.com/Bitcoin/comments/1umg1m/an_exercise_on_buying_bitcoin_with_a_credit_card/
I once again had money in my paypal accout so decided to do the same experiment again.
This time I had $100 that I sent virwox.com Deposit into Virwox via Paypal = charges of EUR 0.35 + 3.4% Total landed into Virwox account: =$96.30 Convert to SLL: I sold $96, and got 22,443.02 SLL. Convert to BTC: I want to buy 0.301 BTC, and pay at most 22,422.35 SLL. Total after conversions: 0.301 BTC = 86,89 USD approximately 
So the whole exercise cost me about 15% odd to use Paypal and virwox.
Interestingly, that is not far off the market rate for South Africa where I live if I check on http://preev.com/btc/zar or go directly to http://www.bitx.co to see the local market price.
submitted by btcsa to Bitcoin [link] [comments]

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In April 2011, VirWoX started accepting Bitcoin and currently, Bitcoin is the only cryptocurrency available on the platform. This basically opened a loophole for people to purchase Bitcoins with PayPal by first buying SLL via PayPal and then converting that SLL to Bitcoins. The site has over 740K registered users (at the time of writing this post). This platform offers service for the ... virwox bitcoin withdrawal time - Bitcoin Withdrawal Time at VirWox. The bitcoin withdrawals to your wallet address would be carried out instantly though some transactions might become a subject of a manual check, prolonging the process up to 48 hours. New accounts’ first withdrawal would take about 48 hours due to the security checks. Bitcoin is a distributed, worldwide, decentralized digital money … Press J to jump to the feed. Press question mark to learn the rest of the keyboard shortcuts. r/Bitcoin. log in sign up. User account menu. 4. Question about Virwox waiting time? Close. 4. Posted by u/[deleted] 5 years ago. Archived. Question about Virwox waiting time? I use virwox to get my bitcoins and I had a level 0 ... Copy and paste your Bitcoin Address from your Virwox account into the Address field. 6. Type in the amount of bitcoins that you want to withdraw. (Note: The minimum bitcoin withdrawal is 0.1 BTC). I would encourage you to withdraw more than 0.1 BTC since you will need to have a minimum of 0.1 BTC to covert your bitcoins into SLL, followed by USD. 7. Click on the Withdrawal button. The bitcoins ... Since Virwox is currently one of the main ways people buy Bitcoin with Paypal it attracts a lot of attention. Many people consider Virwox to be a scam while others say it’s legit. In this post I would like to share my own opinion of the site after buying and selling through them for almost 4 years.

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HOW TO WITHDRAW YOUR MONEY FROM EXPASSET TO YOUR BITCOIN WALLET

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