Buy Bitcoin with Paypal – step by step tutorial

One of the biggest issues today in Bitcoin is the fact that you can’t buy it very easily. Even though Paypal has been very favourable of Bitcoin in the past 2 years, it’s still an issue to find credible places to buy Bitcoins with Paypal in 2016.

Why won’t Paypal allow this ? Simple. There are numerous chargeback cases created by scammers who buy Bitcoin with Paypal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a short video illustrating this). https://99bitcoins.com/the-problem-of-bitcoins-and-paypal/

Post summary:

Go to Virwox
Deposit money to your account with Paypal
Buy SLL on the SLL/USD exchange
Buy Bitcoins with your newly purchased SLL on the SLL/BTC exchange
Withdraw your Bitcoins

Pros: A reliable method that has been around for a long time.

Cons: High fees