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Author: Admin | 2025-04-28
Forget to enter the reference number that the seller provides. As soon as you have sent the payment, click on Payment Sent.The seller will now receive a notification that you have paid. At this point, the Bitcoin is still locked in the escrow. The seller still needs to check that you have sent the payment! Once they can see the payment has arrived, they will release the Bitcoins from the escrow.Congratulations! You’ve just used our first method for buying Bitcoin using PayPal. Bear with me though, as soon in this ‘Buy Litecoin with PayPal’ guide, I will show you how to exchange your Bitcoin for Litecoin! However, first I want to discuss an alternative option... Let’s take a look at VirWoX!VirWoXCreated in 2007, VirWoX is a platform that allows people to trade a digital coin called ‘Second Life Lindens’ (SLL). This coin is a currency that is used in a game called 'Second Life' and it allows players to buy a range of virtual goods.It is not a cryptocurrency like Bitcoin or Litecoin, and it can’t be used anywhere other than in the game. You might be wondering why I am telling you this!?Well, the VirWoX platform also allows people to trade Bitcoin too! And guess what? It also accepts PayPal!The way it works is like this: you fund your VirWoX account with PayPal and then exchange your fiat currency for SSL coins. Once you have done that, you will then need to exchange your SLL coins for Bitcoin.After that, you will be required to withdraw your Bitcoin to a cryptocurrency exchange and then trade them for Litecoin!Payment OptionsAlthough the VirWoX platform has been built specifically for SLL coins, they accept a wide range of other payment methods. On top of PayPal, they also accept debit and credit cards (through Skrill), Klarna, Playsafe Card and OK Pay!Due to the risk of accepting PayPal, the VirWoX team has installed some deposit limits. When you first sign up you will also have to wait 2 days before you can make your first purchase!Once this time passes, you will be able to use your PayPal account to deposit 90 Euros. Once a further 10 days have passed, this increases to 120 Euros. After 30 days, this goes up to 200 Euros. 400 Euros after 60 days and then finally, 1000 Euros on request.The team does not make it clear what you need to do to get it up to 1000 Euros, but I think they will probably want you to verify your identity by uploading some ID.Also, your PayPal account will need to be a verified account, otherwise VirWoX won’t let you deposit!So, now that you know about the payment options at VirWox, the next part of my ‘Buy Litecoin with PayPal’ guide is going to look at their fees!FeesOne of the biggest disadvantages of using your PayPal account at VirWox is that the fees can get high.Source: finderWhen you make your initial deposit, you will need to pay a 3.4% transaction fee.
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