A step by step guide on How To Buy Bitcoin With Virwox.
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Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.
Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.
What is Virwox?
Virwox is an online platform that allows users to buy and sell digital currencies, including Bitcoin. It is one of the most popular exchange platforms for Bitcoin and is also one of the easiest ways to buy Bitcoin with PayPal.
How to buy Bitcoin with Virwox?
Coinmama is a bitcoin broker that specializes in letting you purchase bitcoin with a debit or credit card. You’ll be charged a ~6% fee due to the risks and processing fees that come with credit card payments.
Bitcoin deposits are free. There is a 0.001 BTC charge for withdrawing bitcoins. You may also be charged a fee by the Bitcoin network.
VirWoX has deposit and withdrawal limits depending on your account status and trading history:
Starter accounts have a deposit limit of 300 EUR or USD equivalent per day, and withdrawals are limited to 500 EUR or USD equivalent per week.
Trader accounts have no limits on deposits or withdrawals.
Power Trader accounts have no limits on deposits, but withdrawals are limited to 100,000 EUR or USD equivalent per week.
Pro Trader accounts have no limits on deposits, but withdrawals are limited to 500,000 EUR or USD equivalent per week.
Thanks for taking the time to read our guide on how to buy Bitcoin with Virwox. We hope that it was helpful and that you were able to successfully purchase some Bitcoin. If you have any questions or feedback, please feel free to reach out to us at [email protected]