PayPal is a worldwide payment system that many South Africans use to accept payment on their website, or simply to send money to friends and family. There are a lot of people who would like to know how to buy bitcoin with your PayPal account, so we have made this post to show you how to do this step by step. Please note that using PayPal to buy bitcoin will mean paying some extra fees, but depending on the local South Africa bitcoin exchange rate, you might still be able to buy at a good rate.
Using VirWoX to buy bitcoin using PayPal you are going to pay around 9% in fees, but this is still the cheapest, easiest, and fastest way to buy BTC with PayPal. It is possible that you may need to wait a few days after opening your VirWoX account before you can deposit money. After your first deposit, future deposits can be made instantly. Your initial buying limit is $88 per day or $261 per month, although these limits grow over time if you buy frequently. Continue reading “How to buy bitcoin with your PayPal account”