Localbitcoins is an escrow service which typically has lower limits and higher fees than Virwox. In fact, it has often seemed as if for those who want to buy bitcoin PayPal was just not a realistic option. It is possible the pressure of Bitcoin taking over his industry has lead him to these thoughts. All of the fields are pretty self-explanatory, although I would recommend leaving the link to the avatar section blank. Another complaint of Harris is that Bitcoin is too volatile to become a currency. Sign up for your own account now to see for yourself. You will need to use common sense after reviewing his complete details. The whole process can take some time, as verifying your Wirex card with PayPal takes some time, and withdrawing the funds can take up to seven business days depending on where you live. Just to be safe, choose a vendor with a good rating and a high amount of feedbacks. Go to the Exchange USD/SLL section(or whatever pair you are using) and enter the number of lindens that you want to buy.
The prices are much higher than VirWoX and the limits usually lower.
So you want to buy Bitcoin with PayPal?
First thing first; there is no direct way to buy Bitcoins using PayPal as Bitcoins transactions are irreversible.
A virtual card should cost 3 and will be enough for this process. To help you with this, weve created the fee calculator below. In order to verify the card, youll need to have a balance of at least 3 on it so that PayPal will be able to charge you. A New Kind of PayPal-Enabled, Peer-to-Peer Marketplace for Bitcoin. I have reached out to them to see if this is just a temporary thing or not. And now for a more detailed explanation. Virwox has been around for years and has a pretty good reputation in the community.