Guide to Buying Monero With Paypal
For its short life Monero has done tremendously well, following its initial release early 2014 it has been able to triple in value. Monero's future sounds promising, see how individuals are capitalizing from cryptocurrency.
It is not the easiest task to get you hands on some XMR using paypal, this is pretty much the same for almost every Altcoin, we have looked in to many other coins like IOTA and Stellar and have found the same level of difficulty This is Largely a result of vendors reluctance of using Paypal to accept payments as chargebacks can be common. We searched for a service that would allow us to purchase Monero directly with paypal and returned empty handed
We did however find virwox a Leading independent exchange for trading virtual currencies. Virwox is a leading independent exchange for trading virtual currencies. We found Virwox allows you to buy Bitcoin with PayPal. So in order to get Monero, you will have to first buy bitcoin initially and then trade this for Monero on a relevant BTC/XMR exchange.
Step By Step Guide to buying XMR with PaypalSTEP 1 Go to Virwox and Register a new account by clicking on “Not Registered yet” complete the registration with username and email address.
STEP 4 Go to the Exchange >>> BTC/SLL and buy Bitcoins with your SLL. If you want the order fulfilled straight away place a ‘market order’, which wll give you the current available rate. However if you wish to get a better rate place a limit order, which will only be fulfilled oncw someone is ok with accepting you offer.
STEP 5 Once fulfilled you now own bitcoins.
STEP 6 Set up an account at the following recommended exchanges if not already registered and find your unique bitcoin deposit address
STEP 7 Log back in to your virox account and go to the withdraw section, add the bitcoin deposit adresss and input how much you wish to send.