Online bettors can now use their BTC to transfer some of the cryptocurrency to the betting software wallets so they can start betting with bitcoin on the wagering site. Bitcoin now enjoys wide acceptance in most reputable sportsbooks programs. Experts are expecting that BTC will overtake the betting medium that is now used in wagering programs. With all the speculations of the bitcoin phenomena, not all players have the luxury to own the crypto money. For online bettors to acquire bitcoin, gamblers may own the BTC through the paypal bitcoin purchase method. You can utilize your Paypal account to purchase bitcoins online.
How to purchase BTC by the Paypal bitcoin method
Purchasing BTCs using your PayPal account is a little bit confusing. Fortunately, Buy Bitcoin Worldwide has a process compiled for individuals who want to use the PayPal bitcoin purchase method. But before the PayPal bitcoin buying process, one must understand that VirWox is the most convenient way to use the PayPal bitcoin procurement procedure.
VirWox is an independent point of exchange for cryptocurrency trading of about 800,000 users on record. The site trades Linden dollars, the currency used in Second Life, Avination’s C$, and the Open Metaverse Currency. The exchange point accepted BTC in exchange for Linden dollars in 2011; Linden dollars has an exchange value with the US dollars, Euros, the British pound and the CHF, the legal currency of Switzerland and Liechtenstein.
The Austrian based company that runs VirWox is not a bitcoin exchange facility. The company is a selling point for Second Life Lindens, a cryptocurrency in the digital world. Bitcoins cannot be bought directly from VirWox; you have to buy second life lindens first and sell this virtual item for bitcoins. The process may seem complex in the PayPal bitcoin buying method, but it is quite reliable and it works.
Steps in the PayPal bitcoin purchase:
- Deposit your accepted currency to VirWox (US$, Є, British £, CHF) using your Paypal account.
- Buy the Second Life Lindens (SLL) with your deposited currency.
- You may now purchase bitcoins with your second life lindens.
- Withdraw your BTC to your Bitcoin wallet
- Your Bitcoins will be ready in your bitcoin wallet in no time.
The drawback for the PayPal bitcoin procedure is that the total fees tantamount to 10 % of your purchase which is expensive but is a reliable way to purchase bitcoins used to pay for goods and services over the internet. The bitcoin has a value of $15,785.23 as of this writing.
With your bitcoins in your BTC wallet obtained through the PayPal bitcoin method, you may now deposit the crypto money in your preferred betting software, bigbook.ag. The BTC transfer only takes your identification codes for the bigbook.ag to confirm your bitcoin deposit. After the site’s confirmation, you may commence and have fun in your betting activity.
Bigbook.ag betting software and the acceptance of cryptocurrency
With the PayPal bitcoin buying process, you can now place your bets on the best betting software that accommodates bitcoins in its wagering platform. Bigbook.ag is famous as the betting site with the fastest payouts for any winning bet. It likes to have BTC in online player’s bets as it has its bitcoin payment option facility ready to serve bitcoin account punters.
After the PayPal bitcoin purchase, bigbook.ag welcomes the transfer of your bitcoin deposits. The betting site approves of this betting medium and so as the online players that use this virtual currency.
Online bettors prefer this type of betting currency as the source is untraceable. Bettors would not want their wagers known to the public especially with famous personalities and celebrities. Once the blockchain tokens are sent, it is impossible to retrieve or cancel the transaction.
One thing that bitcoin holders love about BTC betting is that it is free from any government or institutional regulations. No one can block the transactions and you keep control over your virtual money.
Another feature that makes BTC convenient is that the transaction takes place immediately. The immediate deal makes it easier for sportsbooks and casinos as well. Withdrawals also take place immediately. What is good about withdrawing funds from the betting site using the bitcoin payment option is that a user can withdraw as frequent as he needs to draw. The frequency of withdrawals allows the online player to organize his betting action and avoid impulsive wagering. Impulsive betting could ruin your betting momentum.
Payouts of winnings by bigbook.ag to online bettors is prompt and immediate upon request. Some betting sites usually take days or even weeks to make a payout for winners. At bigbook.ag betting software, bitcoin winning withdrawals take only a few minutes to reach your bitcoin wallet. Other betting sites takes time from two to three days or even weeks to dispense.
Cryptocurrencies following the Bitcoin
Other digital cash like the ethereal, litecoin, Z Cash, Dash, Ripple, and Monero follow Bitcoin in the trading list. Some of this crypto money is not acceptable in all betting sites. For this digital cash account holders to place their bet using their virtual currencies, they have to exchange the virtual cash for bitcoins.
One of the exchange sites for bitcoin is the “shapeshift.io.” Its shout out motto goes as the ” safest and fastest asset exchange on earth.” This trading site allows you to exchange any leading cryptocurrency to bitcoin or any other virtual money. Online bettors with other leading crypto cash use this site to trade for bitcoins. After obtaining bitcoins in their virtual wallets, they may transfer their bitcoins to the betting software digital wallets.
Another reliable site to trade cryptocurrencies is the “changelly.com.” Just choose the blockchain digital cash you would like to trade, indicate your receiving address, and send your available deposits. It is fast and a secure transaction to deal with the exchange. Other trading sites charge exorbitant fees for the trade while changelly.com’s rate is only at 0.05%.
People ask why can’t you use your PayPal account to buy bitcoins directly, it may even be cheaper with the 10% rate of going through the PayPal bitcoin through VirWox facility. The answer is Paypal bans the use of the Paypal accounts to directly buy bitcoins. But you can use bitcoins to send payments through PayPal. Your credit and debit cards can also buy directly bitcoins at the appropriate trading sites. It is much cheaper than going through the PayPal bitcoin process.
Debit cards used to buy bitcoins are free of charge. If you purchase bitcoins using your credit cards, a 3.75 percent fee adds up to the transaction. After your credit card verification, you can directly purchase your bitcoins at coinbase.com.
Bitcoin transfer to PayPal
The PayPal bitcoin process application is the way to buy bitcoins using your PayPal account. There is also a method to deposit your bitcoins to your PayPal account; Bitcoins you mined, earned, and trade is transferable to your PayPal account via exchangemycoins.com. Your bitcoins will automatically convert into US dollars upon transfer. Processing would take from two to three days before it appears in your PayPal balance.
Paypal accepts other altcoins like the ethereal, litecoins, dogecoins and other digital currencies. After depositing the cryptocurrency in the PayPal site, your money will come into your PayPal account in US dollars. Just activate your PayPal account to receive money, PayPal will generate a unique depository account where you will send your bitcoins. The receipt of your bitcoins starts the process of the cash transfer within two to three days.
After all said and done, big book.ag is all set to accept your bitcoin bets in its bitcoin payment option facility. Your bitcoin deposits will follow the value of the present bitcoin market appraisal.
Visit bigbook.ag after your PayPal bitcoin purchase method where you will experience customer service satisfaction at its best. Enjoy the uninterrupted world of added entertainment value in the online betting industry with top of the line technology and the most modern features at the end of your fingertips.