Use Virwox to buy Bitcoins
Getting hold of bitcoins has not always been so easy with security concerns and privacy issues in the past. However now that bitcoins are becoming more widespread and accepted it will become easier to buy bitcoins. Here is a step by step instruction how to buy bitcoins with credit card.
Virwox was set up as a virtual currency exchange website originally to trade Second Life Lindens (SLL). As you have probably found out it is difficult to find many places to buy bitcoins with credit or debit cards but following these steps you can.
- Visit Virwox website and register with them. Its straight forward and won’t take you 5 minutes to sign up. Just fill in your personal details. You will see a box for your “Avatar name”. Just leave it as it is (it says “No Avatar”). Unless you play Second Life game then you won’t need or have a avatar. Once you have registered you will receive an email with the option to change your password. As always it is recommended that you do create your own strong password,especially since we are conducting financial transactions.
- Login to your Virwox account, click on deposit on the left hand side. You will be presented with a range of payment options, including Paypal, Credit Card, Sofortbanking, UKash and Paysafecard. You are limited to how much money you can deposit in a 24 hour period. This increases after 24 hours. With time these amounts go up.
Once you have paid you will need to convert your euros, pounds or dollars into SLL.You can see your account balance in the top left corner. Further down find the exchange box and click the exchange you want to carry out. For example USD/SLL.
- Set how many USD you want to sell for SLL and click next.
You then need to confirm your order.
- Once you have your SLL all you need to do is convert those to BTC. Again look at the exchange box on the left hand side and look out for the SLL/BTC.
- On the next screen enter the amount of SLL you want to sell for BTC.
- You can now withdraw your bitcoins to your bitcoin wallet.
- Again enter the amount of bitcoins you want to withdraw, enter your bitcoin wallet address and click “request withdraw”. You might experience a delay of up to 48 hours the first time you do this as a security precaution. Following times should take a few hours max.
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