Buy Bitcoins with PayPal

Pros: Established in 2007 by Virtual World Services GmbH

Cons: High fees

Currently, there are no exchanger that allows direct purchase of Bitcoins using Paypal because of charge back issues. But, we can use other virtual currency called SLL (Second Life Linden Dollars), to be the middle man in trading bitcoin with paypal. In Virwox, The Virtual World Exchange, you can buy virtual currency like SLL, OM¢ and ACD, and used it to buy Bitcoin. Other payment processors can be used on this site namely Sofortbanking, paysafecard, Skrill and OKPAY.

The account level is determined by the number of days since your first successful deposit.

The amounts in the table are in EUR. For limits in other currencies multiply these numbers by 1.3 (for USD), 1.2 (for CHF), and 0.9 (for GBP). Currently, no limits exist for withdrawals

How to buy Bitcoins?

1. Go to Virwox

2. Register

3. Fill up the form. If you're not playing "Second Life", choose “No Avatar”

4. Activate your account. You will get email confirmation with your password.

5. Fund your account

6. Buy SLL with USD

Note:If you haven’t made a deposit, you will get the screen shown above requesting you to deposit before you buy SLL.

7. Buy BTC with SLL

Once you have SLL in your account, click BTC/SLL

8. You can now withdraw Bitcoins