How to Use PayPal to Buy & Convert Bitcoin: A Simple Guide

Today, even with the increasing mainstream knowledge and acceptance of Bitcoin, to buy or to convert the digital currency into USD can be a rather challenging process for a beginner; and I dare to say that for some of the intermediate users it can sometimes turn into a real slow and time wasting process if you don’t make the right choices.
Speaking of choices, there is a whole set of variables that you might consider while searching for the exchange that suits you the most, like: fees, trading pairs, popularity, payment options, and minimum and maximum payout structure. But for now we will stick to PayPal and the VirWox exchange.
PayPal is the easiest and fastest process of internet banking that you can use today to securely complete your purchases throughout the internet while letting you send and receive money from your bank account.

This post was published at Coin Brief on September 17, 2014.