Hi I'm new to Bitcoin and I've been looking around on the internet on how to buy Bitcoins with my PayPal account. So far the only website that seems to offer this is Virwox and they have insane fees (15%
).
Does anyone have experience with buying Bitcoins with PayPal? I'd greatly appreciate any help.
I really just wouldn't try. If you find a successful outlet you'll very likely end up incurring insane fees. I don't think there's a reputable service out there where this isn't the case.
If you're doing peer-to-peer there will be rampant fraud.
Paypal's not ready to go full Bitcoin yet.
I agree, theres not really any point, just massive fees which cuts holes in your profits as you exchange to paypal and back. If you live in canada try quadrigacx, their withdraws are 0% fees and their deposits are very good, straight from your bank account for 0.5% I think something like that.