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How to Buy Bitcoins from PayPal

Buying Bitcoin can be tricky at times, especially when doing it through PayPal. This is because PayPal is credit while Bitcoin is more like cash. In the event someone buys Bitcoin and later decides to dispute the sale, PayPal will have no way of knowing if the transaction actually happened, resulting in the reversal of transaction. So, the company is always super cautious towards making Bitcoin transactions and doesn’t allow any coins for PayPal credit.

But don’t worry. We are living in 2017 – the age of the internet. There is always a way to do something indirectly if there isn’t a direct way to do it.

In this post, we have discussed some tips and tricks that will help you exchange Bitcoin with PayPal credit.

Give each a solid read.

Trading SLL (Second Life Lindens):

This one is quite tricky. More like a workaround. In this method, instead of transferring bitcoins through PayPal which is not allowed, you will be buying a different cryptocurrency, one that is allowed, and then trade it for Bitcoin.

One of those currencies is Second Life Lindens (SLL), which can easily be bought through a website called Virvox via PayPal credit. Once you have SLL, your next move should be going to an SLL/BTC exchange and exchanging it for Bitcoin.

Here are the steps involved in the process:

  • Go to Virvox and open an account.
  • Deposit money in your account with PayPal.
  • Buy SLL.
  • Exchange it for Bitcoin.
  • Withdraw your bitcoins.

The only downside of this method is that it’s slow and involves higher fees.

Buying Through Local Bitcoins:

Local Bitcoins is another option that can help you buy Bitcoin with PayPal credit. The website allows you to buy cryptocurrency from a local seller or an online vendor. But since you will be paying in PayPal credit, you can get in touch with vendors from all over the world.

However, when dealing with someone on Local Bitcoins, make sure you understand their policy and are ready to comply. Some sellers are overly strict and may end up turning into an ordeal for you.

Pro Tip: Always buy coins from an experienced and a well-reputed seller on Local Bitcoins.

PayPal Debit Card Holders Can Also Use This Method:

The US residents can easily issue themselves a PayPal debit card. The card makes it extremely easy to buy Bitcoin with PayPal on lower fees. To get the card, all you need to do is go, open an account on Circle and make sure that your debit card is connected to your profile.

From now on, every time you buy Bitcoin, the charges will be deducted from your PayPal credit.

Lastly – Don’t Let Yourself Become a Victim of Scams:

These three are the best options to buy Bitcoin with PayPal. Although you will come across many other sites claiming to be selling Bitcoin with PayPal, most of them are scams. Beware of them and stay safe. Good luck!

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One thought on “How to Buy Bitcoins from PayPal In Two Minutes?

  1. Spot on with this write-up, I absolutely believe that this amazing site needs far more attention. I’ll probably be returning to see more, thanks for the info!

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Bitcoin Hits $11,000 – But It’s Just The Beginning!

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Miguel Cuneta, the co-founder at Satoshi Citadel, which is a renowned digital money investment firm in the Philippines expressed that the $10,000 hype was produced by the media recently. Minutes after the bitcoin cost crossed $11,000, it dropped to $9,000, and soon after, the predominant press was anxious to publish a progression of articles on the next bitcoin crash.

“News outlets barely had 24 hours to let the ’10k’ news simmer and it has already gone up to $11,500. When they published the ’11K’ piece, it had already dropped to $9,000. And when they entered the last word on ‘Bitcoin is crashing!’ article, it was back at $11,000 per BTC,” wrote Cuneta.

With the cost of bitcoin almost at $12,000, bitcoin is currently the world’s 6th most valuable currency on the planet. Hence, while the majority of predominant press outlets and analysts in the finance sector are focused on the transient value pattern of bitcoin, Cuneta clarified that bitcoin will probably turn out to be significantly bigger than most can imagine.

“Along these lines, we could watch one of the greatest financial rises in history unfurl with this bitcoin insanity. However on the opposite side of the coin, there is additionally the non-trivial possibility that we are seeing something striking happening right in front of us — the arrival of the separation of cash and state,” Cuneta noted.

The Future Beyond $12,000:

Bitcoin has hit the $11,000 mark and is going to cross $12,000 in December, given the entrance of institutional financial specialists and billions of dollars in capital. As institutional cash streams into the bitcoin advertise through bitcoin prospects, the $165 billion market cap of bitcoin will increase quickly, giving greater liquidity.

Cuneta added: “More than one-third of a trillion dollars. That is the aggregate sum of digital currencies on the planet. $165 Billion belongs to the Bitcoin alone, which just shows how overwhelming network effect can be. Due to Bitcoin, the ability to create cash has come into each person’s hand on the planet and detracted from lords and governments.”

For this specific reason, a few renowned financial specialists inside the cryptographic money space have communicated their optimism towards bitcoin price reaching $45,000 before the finish of 2018, accomplishing a $1 trillion market cap.

Story credit: cryptocoinsnews.com

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Edward Snowden ‘Blows the Whistle’ This Time It is Bitcoin

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US whistleblower Edward Snowden has shown deep concerns over the long-term existence of Bitcoin. He talked about the long-term prospects related to Bitcoin in his latest interview. According to him the use of public Blockchain has made the cryptocurrencies vulnerable to misuse. Before considering his point of view, many readers would sure want to know who really Edward Snowden is and why should we value his discussion about Bitcoin and its future aspects.

Bitcoin ledger

Who is Edward Snowden?

Edward Snowden is a former Central Intelligence Agency (CIA) employee. He is a computer professional and is well known for being the NSA-whistleblower. He earned international fame after revealing NSA’s surveillance agenda. And now he thinks that Bitcoin has a serious problem. According to him the Bitcoin ledger is extremely vulgar to public and it is not dependable in the long run.

Addressing a large gathering at the Blockstack event in Berlin, Snowden said that no doubt majority of people have their full focus on Bitcoins, pertaining to its transaction rate limitations. Edward stated that the long-lasting flaw of Bitcoin is its public ledger.

Why is Public Ledger not dependable?

When asked that how he could decide whether the public ledger had such major drawbacks, Edward explained that the idea of a public ledger might be a nice one but it is not so much compatible with the local trade mechanism for trade. According to Edward we cannot have a lifelong history of purchases made by everyone neither can such be record maintained for long in the form of public ledger. The most fearing thing about a public ledger is that it always has a threat from the government. Without proper government control no one can be sure what may happen after sanctions from the government arise.

When Edward was asked about a solution he stated that Bitcoin was once considered as the safest way to pay for anything on the internet –  the main reason behind it was its anonymity. That’s the reason it was considered as the most favorite currency on the Silk Road platform. Furthermore, it was therefore used as a favorite tool for money-laundering and funding terrorist activities. However, Edward disclosed in his above-mentioned discussion that Bitcoins are much more traceable than any of us will bother to believe. Every wallet on the Bitcoin network has an address which acts as an identity and can be easily used to trace all the activities related to that specific user.

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Taiwan – the Crypto Nation and Blockchain Island

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In the recent time, there is a huge awareness being conveyed to the public regarding the Crypto currency. Crypto currency is the digitalized currency or an alternative currency which doesn’t depend upon the country, its economy and its centralized banking system. Crypto currency represents a digital token which carries some value against itself. The first Crypto currency is bitcoin which is regarded as the new gold in the crypto industry due to its overall minimal value. Crypto currency paved the way for the digital payment. Crypto currency differs from fiat currency in terms of exchange rate and other banking trades.

blockchain technology

Many Countries have allowed the trade in the Crypto currency such as in Taiwan according to the legislator Jason Hsu Yu-Jen the legislators in the country have formed a blockchain alliance to provide parliamentary blockchain group to promote the crypto industry in their region and to define regulations so they can attract global crypto exchanges in Taiwan.

Block Chain

The computer protocol which allows its user to transact their cryptocurrencies is called Blockchain. Basically, blockchain represents the blocks of data which are made secure by using cryptography. It acts as a transacted database which is decentralized and can be stored on many computers at once. It can be accessed by only using the cryptography. This technology confirms the legalizing of the trades in real time using only cryptography. There are three types of blockchains which are mentioned below:

  1. Public Blockchains
  2. Private Blockchains
  3. Consortium Blockchains

Public Blockchains which have no restrictions and anyone can access their data or blocks. Anyone can send transactions and as well as can become an activator of the blockchain.

In the Private blockchain provides security and have some set of rules to follow in order to become the validator of this blockchain. This type of technology considered as the permanent block in the companies regarding the blockchain industry.

Consortium Blockchain is also referred to as the semi-centralized. In this type of blockchain multiples of permission is required from multiples companies instead of a single unit.

Taiwan’s Parliamentary Blockchain Alliance

Crypto currency has started a new revolution in the modern time and many countries are moving towards the crypto industry. In this way, Taiwan has also started to promote crypto industry in their country.

According to Jason Hsu Yu-Jen, a member of Taiwan’s parliament and one of the big supporter of crypto industry in the country has said that the Taiwanese legislators have formed a parliamentary blockchain alliance in order to promote crypto currency in their country. Hsu further said that he hopes that the Taiwanese legislators will decide on a clear regulatory network for the blockchain and Crypto currency for the development of crypto industry in the country. The Taiwanese government should be open-minded towards the new technology and innovation said, Hsu. In this way, Taiwan can attract all big and global crypto exchanges to their country and attract global leaders of digital cryptocurrencies in order to make Taiwan a crypto nation.

In this end, many countries are trying to set up the crypto-industry in their countries and Taiwan is one of them and the actions taken by the Taiwanese legislators to make blockchain alliance in the form of parliamentary blockchain to promote crypto-industry in the country and define set of rules regarding its market.

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