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E-coin is a bitcoin trading platform that provides virtual and physical Bitcoin debit cards. You can use your E-coin card with your PayPal account.

Following are the steps you must go through in order to complete the purchase.

Step 1: Order an E-coin Virtual Debit Card:

Log onto e-coin, click on “request new card” and select the type of card you want.

A virtual card costs around $3 and is enough for this process.

Buying Bitcoins with PayPal through Wirex

Step 2: Link Your E-Coin Virtual Debit Card to PayPal:

Log into your PayPal account, go to “Money” and click on “Add a card.”

Buying Bitcoins with PayPal through Wirex

Fill in the details (Name, email address etc.). Once you’re done, click “Add card” to move on to the next step.

(Tutorial: how to buy bitcoin with PayPal through the Wirex/E-coin platform)

Buying Bitcoins with PayPal through Wirex

PayPal will ask you to verify the new card. Click “Confirm my card, ” and PayPal will begin a series of transactions to verify your card. PayPal will charge you a fee, so make sure you have a balance of at least $3 on it.

Step 3: Enter PayPal Code:

Buying Bitcoins with PayPal through Wirex

Go to your Wirex/E-coin account where under the “Card Transactions,” you will see a 4-digit code from PayPal; note it down.

Buying Bitcoins with PayPal through Wirex

Insert this 4-digit code into your PayPal account and voila! Now your E-coin card is linked to your PayPal account.

 

Step 4: Withdraw Funds From PayPal to Your E-coin Card:

Click “Withdraw money” on your PayPal account.

Buying Bitcoins with PayPal through Wirex

Then, select “Withdraw funds to your card.”

Buying Bitcoins with PayPal through Wirex

Enter the amount you’d like to withdraw, select your E-coin card and click “Continue.”

Buying Bitcoins with PayPal through Wirex

Your request is now in process, and the funds will be deposited onto your E-Coin card in around 5 to 7 working days.

Buying Bitcoins with PayPal through Wirex

 

Step 5: Buying Bitcoins Using E-Coin Card:

After withdrawing funds from your PayPal account onto your e-coin card, you can now buy bitcoins.

Log onto your account and select “Buy Bitcoin.”

Buying Bitcoins with PayPal through Wirex

In the same manner you buy bitcoin instantly with debit card,  you can buy bitcoins with E-Coin card. Enter the number of bitcoins you want to buy – the funds will be deducted from your card. After the deduction, click “Submit.”

Confirm the Bitcoin purchase by clicking on “Confirm.”

Buying Bitcoins with PayPal through Wirex

You will receive an email confirming your successful transaction.

Buying Bitcoins with PayPal through Wirex

This infographic gives a graphical representation of steps involved in the Bitcoin transaction.

Buying Bitcoins with PayPal through Wirex

 

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4 thoughts on “How to Buy Bitcoins With PayPal Through Wirex/E-Coin?

  1. You made some really good points there. I checked on the net to learn more about the issue and found most people will go along with your views on this web site.

  2. You made some first rate factors there. I looked on the web for the problem and found most individuals will associate with along with your website.

  3. Hi Carl,Yeah – this guide is a little old (2013), but in substance it still holds up well. When I have a little spare time I will bring it up to data (just minor stuff like Mt. Gox, and the fact actual value of Bitcoins).

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Bitcoin Cash Payments Allowed for BitPay Merchants

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According to some experts and critics Bitcoin Cash may be considered as the best future money. To support this statement we have a news, in addition to Bitcoin, BitPay merchants have been allowed to accept a second cryptocurrency — and it is no other than the Bitcoin Cash. Bitpay has made an announcement on its official website that it’s now more easy for BitPay customers to become a part of the energetic community of Bitcoin Cash. A Bitpay merchant who accepts bitcoin cash can now consider himself a part of that community.

bitcoin payments

How it all started?

BitPay became active in 2011, while Bitcoin was still at its initial stage. No doubt Bitpay played a vital role in the transformation of the financial industry as a whole. It introduced the concept of faster and secure blockchain payments which were relatively less expensive globally.

The main purpose of founding BitPay was to make it easier for various businesses to deal in bitcoin payments. At the moment it is continuously expanding its network which has already become the largest bitcoin payment processing network in the world. Bitpay is currently providing its services to industry-leading merchants over six continents. It has generated a foolproof secure bitcoin payment plan which is used by thousands of bitcoin users on daily basis.

Bitcoin Cash – an Innovative step by BitPay

As mentioned above, BitPay merchants can now accept payments in Bitcoin Cash. No doubt it is an innovative step in case of Bitcoin Cash which has already been considered as the best future money. Bitcoin Cash will provide a rich opportunity to the BitPay merchants to receive payments from customers around the world. Due to the trust provided by the blockchain technology, there will be no risk of credit card frauds or chargebacks. the company said in a statement. It will also be more convenient in case of cheap transactions as the Bitcoin Cash costs only pennies or even less in some cases.

Future plans concerning Bitcoin Cash

BitPay is also planning to integrate Bitcoin Cash in order to save massive transaction fees in terms of batch payments. According to a company statement it also has the intentions to enable Bitcoin Cash settlements. With the help of these settlements merchants would be able to receive their payments in the form of cryptocurrency, no matter what kind of BitPay payment option they had been using already.

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Intel Blockchain Technology: Can Blockchain Technology Overpower Next Generation Media Rights?

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Intel is a multinational corporation and technology company, which is considered as a giant tech, and the company is finally joining the rising list of initiative firms that perceive blockchain tech as a way to reinterpret digital rights management.

Intel’s Patent 

On 8th March, U.S. Patent and Trademark Office released a patent application. In that patent, a method was described by the Silicon Valley tech company to use blockchain for downloading the rights to digital images. Intel’s patent proceeds to referenced videos and various other types of content, apart from images and offers a more inclusive rights system with further extra characters.

intel blockchain technology

Let’s take an example! Intel’s system allows its users to uphold everything in progress, which includes unstructured bits like; literature with many editors. This would be the only way in which content can be solely altered according to the copyright policy settings.However, Intel is somehow far away from pursuing the idea all alone.

On the other hand, in addition to the exertion of blockchain industry, such as Berklee’s Open Music Initiative companies, including two of the Chinese companies, in order to make headlines for the same ideas in recent weeks are;

  • ZhongAn
  • WENN Digital

Patent’s Statement

In the patent application it is stated as;

“Blockchain technology is used to document and verify attributes of digital content that are relevant to copyright protection. Such attributes may include, for instance, an identifier for the author of the content, a timestamp to indicate when the content was created, and a measurement that can subsequently be used to detect copying or modification of the content.”

As it is already defined, multiple types of software are being used by this proposed platform to evaluate copyright policy settings automatically for every image, it doesn’t matter if the picture has been taken from external sources. After that, a unique identity is formed for both the original content and altered versions (if there are any). The patent has labelled these two identities as shadow-images.

The company also filed a patent, back in 2016, for blockchain-powered software in order to benefit research DNA, genetic sequencing, particularly. The patent is updated as well which makes Intel to go on a hunt to secure its intellectual conceptions, which are related to the industry.

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The Beginner’s Guide About Bitcoin Wallet

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Guide About Bitcoin Wallet

A Bitcoin wallet address is equivalent to a bank account for tangible cash. In bank accounts the money is deposited, withdrawn and transferred to other users. Same is the case with bitcoin wallets. These wallets are used to store/withdraw bitcoins and transfer them to other users. There are three major types of bitcoin wallets: web wallets, software wallets, and mobile wallets.

Web Wallets:

Also known as “eWallets” or “browser-based wallets”; web wallets are the easiest to protect and give you complete freedom to use/obtain bitcoins.

Some of the examples of web wallets are:

  • BitGo
  • BlockChain
  • Green Address
  • Hive

Software Wallets:

Software wallets are installed on your PC. The users have complete control over Software Wallets and are responsible for bitcoins’ protection and backups.

Some Examples of Software Wallets:

  • Armory
  • Bitcoin Core
  • Electrum
  • Green Address

Mobile Wallets:

The users with Mobile Wallets have the freedom to store bitcoins on mobile devices. Mobile Wallets are simple and easy to use while transferring coins. All a user has to do is to scan the QR code using “tap to pay”.

How Do Wallets Work?

Each Bitcoin wallet comes with a private key. The key allows a user to spend the coins. It’s usually the owner only who knows about the key. However, if you are not careful enough with protecting the key, there is a huge chance that someone else will be able to figure it out and spend your coins.

What Are Some of The Tips to Keep My Bitcoin Wallet Secure?

As mentioned above, the key-protection should be your top priority while using online Bitcoin wallets. Otherwise, someone else could easily hack into your account to steal your coins. To make sure your wallet is well protected, follow the tips given below.

Strong Password:

Weak passwords are easy to crack. There are several programs that run different patterns, names, and combinations to crack these passwords. To make sure your password is resilient to these attacks, do not use commonly used patterns or names. Instead, go with the strings of random letters, numbers, and symbols.

Multifactor Authentication:

Multifactor Authentication is an additional security authentication to your password. This could be something like a favorite quote, secret question or a captcha.

Private Key Encryption:

Encrypt your private keys. A private key in plain text is easy to guess and easy to access. So, make sure your key is encrypted.

If Possible – Use Open Source Software:

Use open source software where possible as it gives you the freedom to review the source code and ensure it does what it says.Moreover, an open source software is quick to fix the security laps than closed source software. A good example of open source software is Linux which is used by most of the world’s financial system.

Lastly – Keep Backup of Everything:

Keep backup of your private keys and every single information in your wallet. Having a backup is of great significance. If your data is only stored in one hard-drive, and the drive dies, the information will be lost for good.

Learn how to backup your Bitcoin wallet.

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Longfin Stock Value Drops Below 30% After SEC Announces Investigation

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After the US SEC (Securities and Exchanges Commission) announced that it’s starting an investigation, the stock value of Longfin (fintech firm) has dropped below 30%.

According to a report, on 2nd April, Longfin divulged the investigation in a public 10-K filing to the Securities and Exchanges Commission. Longfin is among the NASDAQ-listed fintech companies and its market cap shot-up above 1,000 percent in last December, within only 2-days.

finetech companies

Investigation By SEC

On 5th March, Longfin was informed by the Division of Enforcement of SEC that they will be investigating transactions in the company’s shares and also demanded the documents related to its IPO and acquisition of Ziddu.com. Ziddu.com is a firm that focuses on smart contracts and micro-lending via blockchain technology.

In the 10-K filing, Longfin showed that its aim is to cooperate with the SEC investigations. The document says:

“We are in the process of responding to this document request and will cooperate with the SEC in connection with its investigation. While the SEC is trying to determine whether there have been any violations of the federal securities laws, the investigation does not mean that the SEC has concluded that anyone has violated the law.”

What does Venkat Meenavalli have to say about it?

CEO of Longfin, Venkat Meenavalli also acknowledged this gigantic spike in stock value last December, as he stated:

“This market cap is not justified. I valued my IPO pricing at $5.” He also added:

“We are a profitable company… We have nothing to do with this euphoric mania.”

The stock value plunged really quick after an adverse tweet was posted by a well-known short-seller, Andrew Left’s Citron Research and news that the FTSE Russell was considering to eradicate Longfin from its benchmark Russell indexes due to inadequate free-floating shares.

As for the negative view of Citron, Meenavalli said:

“We are going to take legal action after we file the 10-K” and added, “The company is a profitable company, making revenue.”

Also, at the beginning of this year, the SEC reported that it’s going to start an investigation on companies that are using public enthusiasm and blockchain technology to deploy their stock prices.

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Ways to Earn Bitcoins 2017 – Earn Bitcoins in 8 Different ways

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Do you ever wonder where you can get free bitcoins from? Let’s make this clear, you cannot become rich overnight, everything requires dedication and hard work.

Here is how you can earn bitcoins in 8 different ways:

  1. Accepting them as a means of payment
  2. By completing tasks on websites
  3. From interest payments
  4. By mining
  5. By receiving tips
  6. Through trading
  7. A regular source of income
  8. Gambling

Earn Bitcoins by Accepting Them as a Payment:

It is so easy and quick to earn bitcoins by selling goods and services. All you have to do is enlist your shop or business and let the bitcoins roll in as buyers start appearing. Just follow these simple steps:

  • Get a free online Bitcoin wallet from Coinbase. Be sure to keep an eye on your bitcoins frequently to avoid any hacking issues.
  • QR code should be displayed with your bitcoin wallet address next to your cash register.
  • The entrance of shop should display the “Bitcoin accepted here” logo.

Earn Free Bitcoins By Completing Tasks on Websites:

Another way to get bitcoins is visiting bitcoin-related sites and carrying out small tasks on the web. These tasks include watching a video or an ad, playing a game or taking a survey. Here is a list of some of the sites that offer bitcoins for free:

  • BitVisitor: Requires you to log onto websites and watch videos. Each page appears for five minutes and then you proceed to the next. Fortunately, the payment procedure completes within an hour and you don’t even need to create a user account, just your Bitcoin address. Though, the number of bitcoins you earn may vary.
  • CoinWorker: Let’s you earn bitcoins by completing tasks. You must create an account here. Also, payouts are usually higher on here than most sites.
  • Bitfortip: Answer questions on forums and earn bitcoins. This service is a benefit for both newbie and experienced users of Bitcoin as it brings people together. Newbies can ask their questions and the experienced can answer them while receiving rewards in Bitcoin.

These are not methods to make you rich in a day, but ways to make you more familiar with the currency.

Earn Bitcoins From Interest Payments:

You can earn bitcoins through interest payments by lending your Bitcoin assets. It is a good way to make bitcoins from what you already have.

  • Lending directly: This when you lend out your bitcoins to someone you personally know and have assessed. You get to decide whether the borrower is trustworthy or not.
  • Peer-to-peer bitcoin lending websites: Sites such as Bitbond have listings of borrowers publishing funding requests to which you can contribute to their loan. The concept behind this is the same as for fiat currency loans. The borrower gets a certain amount over a specific period of time and repays the amount with interest. However, make sure that both the site and borrower are trustworthy.
  • Bitcoin banking: Place your bitcoins as a deposit with a site that pays you a fixed interest rate on these deposits. The good thing is you don’t need to diversify your bitcoins over many borrowers. In this banking model, you just need to trust one single browser, which is the bank.

Remember, always lend through sites you trust, because even fraudulent sites comply with the usual requirements that are present on legit sites.

Earn Bitcoins by Mining:

Mining is a process which generates new bitcoins. During mining, your computer adds new confirmed transactions to the blockchain and searches for new blocks. A block is a file that has the most recent Bitcoin transactions recorded in it when a new block is discovered, you receive a certain number of bitcoins. However, if you want to earn bitcoin by mining, know that it’s a time-consuming and costly process.

Earn Bitcoins by Receiving Tips:

One of the best ways to earn Bitcoin fast. It is pretty much like accepting Bitcoin as a means of payment. All you need is a wallet, a QR-code with your Bitcoin address on it and the people who can give you a tip. A simpler option for this would be your own shop. Simply display the QR-code and check each day what came in. Another cool way to get online tips is using Bitfortip which we have already mentioned above. This service allows you to get tipped in bitcoin as the name already says.

Earn Bitcoins Through Trading:

Arbitrage is the safest and most convenient way to make money with trading. Basically, this means that you buy an asset for a certain price and sell it immediately for a much higher price at another destination. Price differences between exchanges often occur for certain reasons.

The other way to earn Bitcoins from trading is simple speculation. In this case, you would buy bitcoins, wait until the price increases, then sell it for a fiat currency. When the price drops again, you buy more bitcoins and start all over again.

Earn Bitcoins as a Regular Income:

There aren’t many organizations that would be ready to pay you in bitcoins, but there are some and maybe there will be more acceptance towards this in the future. Apart from being employed by some company, you have the option of working from home for others as well. Here are some sites offering jobs and where you can post a job yourself. It is a very convenient way of working and many jobs can be completed from home.

  • Bitcointalk Forum Services Section-  Offers job listings that are paid in Bitcoins.
  • Jobs 4 Bitcoins- Has a focus on job offers for programmers on reddit.
  • BitGigs- Online job board with a variety of job offers. Do give it a look.
  • Coinality- Has a different approach, it locates the jobs around you by displaying them on a map. It comes in very handy if you are interested in locating a job somewhere near you.
  • XBTFreelancer- Another job site for gigs that are mostly software based. If you have programming or other IT related skills it is the place for you to earn Bitcoins with your expertise.
  • bitWAGE- Lets you find jobs that pay in bitcoin. It also lets you invoice your USA, EU, or UK employer or client in different currencies including bitcoin. This means that you can earn bitcoins from your regular job.

Earn Bitcoins From Gambling:

Online bitcoin gambling can come in a variety of forms. Casino games with live dealers and video slots, dice sites, sports betting, and poker are the most popular forms of bitcoin gambling currently available. Many casinos offer welcome bonuses for new and existing players, usually doubling your first bitcoin deposit on their site.

There are many sites available for bitcoin gambling, each with their own games, bonuses, jackpots, and prizes such as Bitcoin Casinos, Bitcoin Poker, Bitcoin Dice etc.

As you can see, cryptocurrencies are now demanded by everyone. While you do have to invest a certain amount of time to get rewarded, it is still a learning experience for those new to the digital currency community.

Those who want to just skip all these steps, simply want to buy Bitcoin and are wondering where to buy bitcoin, CoinBase, CoinMama, and CoinPanda are some of the most reliable exchanges to buy Bitcoin. Good luck with the purchase!

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