In today’s digital world, there are many online payment options to choose from. Two of the most popular are Bitcoin and PayPal. Bitcoin is a digital currency that allows transactions to be made without the need for a central bank or intermediary. PayPal is a popular online payment system that allows users to make payments and transfers online. In this article, we will explain how to use Bitcoin with PayPal.
The first thing to understand is that PayPal does not directly support Bitcoin. However, there are third-party services that allow you to use Bitcoin to pay for goods and services on PayPal. One such service is called VirWox.
VirWox is an online exchange that allows you to buy and sell Bitcoin using PayPal or other payment methods. Here is a step-by-step guide on how to use VirWox to purchase Bitcoin with PayPal:
Step 1: Create a VirWox account
To use VirWox, you will need to create an account. Go to the VirWox website and click on the “Register” button. Fill in your personal details and create a username and password. After you have registered, you will receive an email with a temporary password. Log in to your account and change your password.
Step 2: Add funds to your account
Before you can buy Bitcoin, you will need to add funds to your VirWox account. Click on the “Deposit” button and select PayPal as your payment method. Enter the amount of money you want to deposit and click on the “Checkout with PayPal” button. You will be redirected to the PayPal website, where you will need to log in to your account and authorize the payment.
Step 3: Buy SLL with your funds
Once you have added funds to your account, you can use them to buy SLL (Second Life Linden Dollars). SLL is a virtual currency used in the online game Second Life, but it can also be exchanged for Bitcoin. Click on the “Exchange” button and select the “USD/SLL” option. Enter the amount of money you want to exchange and click on the “Next” button.
Step 4: Buy Bitcoin with your SLL
Finally, you can use your SLL to buy Bitcoin. Click on the “BTC/SLL” option and enter the amount of SLL you want to exchange for Bitcoin. Click on the “Next” button and confirm your order. After your order has been processed, you will receive your Bitcoin in your VirWox account.
Step 5: Withdraw your Bitcoin
Once you have purchased Bitcoin, you can withdraw it to your Bitcoin wallet. Click on the “Withdraw” button and select the “Bitcoin” option. Enter your Bitcoin wallet address and the amount of Bitcoin you want to withdraw. Click on the “Request Withdrawal” button and wait for your Bitcoin to arrive in your wallet.
In conclusion, using Bitcoin with PayPal is possible, but it requires a bit of effort. You will need to use a third-party service like VirWox to exchange your PayPal funds for Bitcoin. However, once you have purchased Bitcoin, you can use it to pay for goods and services on PayPal. As Bitcoin continues to gain popularity, it is likely that more payment options will become available in the future.