Best Way to Buy Bitcoin (BTC) Without a Credit Card. 

Best Way to Buy Bitcoin or Other Cryptocurrencies Safely with a Credit Card. 

Buy Cryptocurrency with PayPal / Buy Bitcoin with PayPal / Best Way to Buy Bitcoin Safely Without a Credit Card

Best Way to Buy Bitcoin (BTC) Safely Without a Credit Card

If you don’t wish to use PayPal or a credit card to buy and sell Bitcoins, then we strongly recommend you make use of 

You will get the best rates and it is the fastest and cheapest way to get money into your bank account (or vice versa, Bitcoins into your BTC wallet).

The golden rule with is to always make sure that the buyer pays via ETF and to check your bank account for cleared funds before releasing the BTC out of escrow. Don’t go on proof of payment alone or you will get burned.

If you want to buy Bitcoins via, never offer to pay in cash or to meet strangers you don’t know in person! It is best if you’re serious about your personal safety and that of your loved ones. 

Best Way to Buy Bitcoin or Other Cryptocurrencies Safely with a Credit Card

Despite the higher fees attached to buying cryptocurrency or Bitcoins with PayPal, it is a relatively safe and convenient means to use if you wish to pay with a credit card.

CoinMama: Buy Bitcoins with Credit Card

In addition to the high costs associated with such transactions and/or PayPal transactions, transaction and/or deposit limits can fast become a reality when payment is made via PayPal.

One can of course choose to see these limits in either a positive or negative light.

It is positive in the sense that it can limit one’s spending or help one to keep within one’s budget. However, it can be seen as negative when it limits one’s ability to fully utilize money or credit at a specific point in time. 

Buy Bitcoin at CEX.IO

Due to its changing nature, we don’t intend to list the specific fees and Terms & Conditions associated with each option.

Here are options to buy cryptocurrency with PayPal (or a credit card) that we deem safe based on personal, long-term experience:

Option 1

1. Create an account at VirWorx.

2. Deposit USD via PayPal into your VirWorx account. We recommend a $100 minimum (see below in the comments section).

3. Convert the USD to SLL (Linden Dollars) and then convert the SLL to BTC (Bitcoin). The BTC can now be withdrawn to your Bitcoin wallet.


Alternatively, if you wish to convert it into other cryptocurrency, you might want to continue following the steps below…

4. Now transfer the BTC to the cryptocurrency exchange of your choice. The ones we recommend include: Kraken, Poloniex, CEX.IO, Bitstamp, coinhouse and Bittrex. Gemini is an excellent choice for folks in the States who wish to transact in BTC in a hassle-free manner, especially when it comes to converting BTC to USD and transferring the proceeds into a US-based bank account. 

5. Now you can exchange the BTC for the cryptocurrency of your choice.

Visit and to help you in the decision making process.

6. After the exchange, you have the option to keep your cryptocurrency at the exchange or to withdraw or transfer it into your local cryptocurrency wallet(s).

We recommend keeping only a tiny portion at an exchange at any given time. You want to trade and get your funds out as soon as possible. This is due to the risk of theft or fraud, but it is entirely up to you. 

If you have never heard of Mt. Gox or Cryptsy, be sure to google it. It is better to be safe than sorry.

Want to Cash Out?

When you wish to cash out, you just do the above process in reverse (except where the registration of accounts is involved). However, it can be an expensive exercise.

We recommend using when you wish to convert your BTC into fiat. You will get the best rates and it is the fastest and cheapest way to get money into your bank account.

The golden rule with is to always make sure that the buyer pays via ETF and to check your bank account for cleared funds before releasing the BTC out of escrow. Don’t go on proof of payment alone or you will get burned!

Option 2

You also have the option to buy cryptocurrency or Bitcoins directly at online market places such as eBay with PayPal.

However, expect on average to heavily overpay in terms of the price you pay per unit (compared to prices elsewhere in the market, especially at the crypto exchanges). 

Due Diligence, Education and Experience go a long way in the Crypto World!

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12 Responses to Buy Cryptocurrency with PayPal / Buy Bitcoin with PayPal / Best Way to Buy Bitcoin Safely Without a Credit Card

  1. Banghouse says:

    1. $5 initial deposit via Paypal into VirWoX for testing

    2. – $.47 Paypal fee (9.4%) = $4.53USD

    3. VW doesn’t allow decimals so the change($.53) gets stuck in the account. I was only then allowed to convert $4 from USD to SLL.

    4. VW exchange SELL – $4 @ 299.3USD/SLL = 917.20SLL – 35.77SLL(3.9%Fee) = 881.43SLL

    5. VW doesn’t allow exchanges of less than 0.02 BTC($21.20) !!!
    So my $4 is now in purgatory on VirWoX. Thanks for the heads up CCupdates. Nice work.

    Hypothetically the second half of the transaction would have gone something like this:

    6. VW exchange BUY – 881.81- 34.39SLL(3.9%Fee) = 847.42 @ 256666SLL/BTC = .003301644939BTC

    $5USD – $1.53(30.599999999999998% FEES) = $3.47USD

    The only good thing I can see about this deal is that the Paypal deposit and exchanges were instant. No waiting. The exchanges were 3.9% each. After all was said and done my $5 initial deposit for testing, if I could’ve completed the exchange from SLL/BTC, would have been worth 0.003301644939BTC ($3.47 USD atm).

    Worth the cost? Maybe in an emergency, but even then I’d have to think real hard about it.

    p.s. Thanks for the heads up about the $21.20 minimum to exchange SLL/BTC. My $5 is lost in a blackhole exchange I doubt I’ll ever use again.

    • Admin says:

      You’re killing us with the feedback. Just kidding. Thanks for the feedback. Much appreciated.

      We did warn about the higher fees attached to doing it via PayPal, but also noted that it is a safer and convenient means of payment. We also mentioned that the steps described above have worked the best in our personal experience. We certainly didn’t claim that it will work the best for everybody.

      Now to use $5 for testing and to blame us for not giving you the heads up on the “$21.20 minimum to exchange SLL/BTC” is a bit silly, especially if you haven’t read the fine print or their Terms & Conditions. Are you the sort of guy that just sign up for a service and then blame others for your failure to read? We hope not. 🙂

      We have used the same service and deposited a $100 minimum. The fees were certainly steep, but it still worked out cheaper than to buy BTC (and other cryptocurrencies) directly at online market places such as eBay.

      Anyhow, we’ve stated in bold: “If you know a better way to buy cryptocurrency with PayPal, be sure to let us know in the comments below or via our contact form. Thank you in advance.”

      Do you know a better way? 🙂

      P.S. Your review is very detailed, but a bit watered down on the back of your $5 deposit. However, we hope that you will review more services and let us know which one works best for you.

  2. Dill Weed says:

    Probably beats my experience. Thanks for the good FB!
    I have filed a complaint with the California Attorney General about Coinbase.

    Coinbase cancels Bitcoin transactions after you have gone through their verification process and have withdrawn funds from your account. I purchased two Bitcoin for $696 each waited seven days to receive them, then was notified that my purchase had been canceled. It cost me $400 profit and the opportunity to move into Quarks. I am doubtful that my money will be returned.

    I read complaints that Coinbase was doing this on their website and Facebook page. I didn’t think it would happen to me. I was wrong. They blame it on an algorithm. I may not get back my $1400. Others have the same complaint. Legal action may be necessary.

    The warning is that Coinbase cancels transactions, holds your money, does not follow through on their representations and does this repeatedly and knowingly.

    Coinbase gets your bank account info… make two small test deposits which you then verify… They have you wait for 4-7 days to receive your BCs. There is no risk of customers scamming them because they receive the funds before they finalize the transaction. The only risk for them is that the price goes up. They do make the representation that you will get BC at the price at the time of the transaction so they would be THE COUNTER PARTY GARUNTEEING THE TRANSACTION.

    I purchased two bcs 12/7 FOR $696. The money was withdrawn from my bank 12/10. They said I would receive the coins 12/15… FIVE DAYS AFTER they had my money! WTF?! [Note: It can take a few days for the banks transaction to clear, BUT REMEMBER, they make the representation that their customers will receive bc AT THE PRICE PAID. Customers rely on that. Cancellations are a pattern. In my case bc was $940 when II should have received them, nearly A $500 PROFIT.

    Here’s the legal def. of fraud: Fraud must be proved by showing that the defendant’s actions involved five separate elements: (1) a false statement of a material fact,[ You will receive BC at the specified price.](2) knowledge on the part of the defendant that the statement is untrue, [The algorithm excuse, a repeated pattern].] (3) intent on the part of the defendant to deceive the alleged victim,[ They acknowledge the algorithm is catching up innocents and have not fixed it, despite numerous complaints.] (4) justifiable reliance by the alleged victim on the statement, [The customer acts on the promise of BC at a certain price.] and (5) injury to the alleged victim as a result. [The customer is deprived of gain, as I was and may not get their money back.] But, even if they do…
    I received my funds back 12/17/13.

    This isn’t accidental. It’s been going on for a while.

    • Admin says:

      You’re welcome. Sorry to read about your experience with Coinbase. It is clear that they’re giving the industry a bad name. Hopefully they will be brought to task soon. Take care.

  3. Armis Game says:

    Coinbase isn’t the only one with such problems, the other guys are suffering similar problems, perhaps in different ways.

    In the example above, Coinbase probably didn’t participate in fraud, but is is an unfair business practice, the AG probably isn’t going to do anything about it, but the customer would likely win in small claims court. Although the ToS agreement probably binds to arbitration.

    Cryptsy has issues too. Many of their customers are complaining about negative balances. The fact is no one is perfect but it really hurts when it happens to you.

    The companies refuse to bit the bullet for their misjudgements instead try to pass it on to the customer especially if they can do so legally.

    The overall market place is good, you must factor in the problems when creating your investment plan for Bitcoin.

  4. johnleeder says:

    Thank you for the information on how to buy Bitcoin with Paypal.
    I have no new ideas on how to do this, I just wanted to give feedback on how it is working for me.

    I have attempted the above technique and am awaiting the withdraw of Bitcoin from VirWOX to my exchange account to be manually verified – should be no more than 48 hours according to them. I will keep you posted on how it progesses.

    The stats so far:
    Deposited US$100 into VirWOX account with PayPal which gave me a balance of US$96.30.
    Placed an order and received 22,321.84 Second Life Linden$ (SLL) for US$96.00 (the 0.30 is a fee? or not usable?)

    Used the SLL to buy Bitcoin and received 0.217 Bitcoin.
    There is a balance of 11.54 SLL in my VirWox account, that I guess I could use if I want to go through this process again, it is too small an amount to make any transactions though without a top-up from PayPal.

    I will let you know how long it takes for the Bitcoin to land in my MintPal exchange account.

    • Admin says:

      John, thanks for the feedback. Much appreciated.

      You’re spot on in terms of your assessment this far. Those are fees and balances that are too small to move, but could be utilized in the future.

  5. John Leeder says:

    Hi All,
    I wanted to keep you updated on how the transaction played out.
    FYI If you are a first time user of WirWOX as a precaution against fraud they hold your first Bitcoin withdrawal for 48hrs before depositing to the nominated wallet or exchange address.
    So I dutifully waited the 48hrs and WirWOX emailed on the success of the withdrawal as promised.
    The Deposit was made into my MintPal account and I then used it to buy a new type of “cryptocoin” – Blackcoin.
    Blackcoin is showing steady growth that appears to be sideways or be less effected by Bitcoin movements than any of the other alternative coins – so I am happy so far.

    • Admin says:

      John, thanks for the additional feedback. You’re spot on again. 🙂

      P.S. Kindly note that it is VirWoX and not WirWOX.

  6. perfect, thank you.
    Can you not buy with other payment methods like payoneer?

    • Admin says:

      You’re welcome.

      You can probably buy anything via Payoneer, but this page is about buying cryptos via PayPal. It is aimed specifically at people who don’t have overseas or qualifying bank accounts to directly or indirectly convert their money into cryptos.

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