The Fastest way to buy Litecoin with Paypal, Credit Card or Ukash is through the VirWoX, largest Virtual World Exchange. This simple guide will show you how.
Litecoin is popular as Silver of cryptocurrency while Bitcoin is considered as Gold. Litecoin (LTC) has experienced a meteoric rise in recent weeks due to overwhelming demand of Bitcoins. Buying litecoins with paypal are as difficult as buying bitcoin with paypal or credit card. Following are the instructions to buy Litecoins with paypal using Virwox and Vircurex / BTC-e exchange.
Note : If you are looking forward to day trade Litecoins then check this guide too >> Guide To Buy / Sell Bitcoin, Litecoin With Plus500 CFD.
Virwox support a wide range of deposit methods including Paypal, Credit Card, UKASH, Paysafe Card, Money Bookers, Sofort banking or Neteller etc. Well this is a long method, including two exchanges and bitcoin but this is the easiest and safest way. Let’s have a brief instruction first. Paypal / Credit Card >> Virwox Exchange >> USD to SLL (Linden Dollar) >> SLL to Bitcoin >> Transfer Bitcoins to Vircurex Exchange >> Buy Litecoin.
Buy Litecoin with Paypal / Credit Card :
Step 1. Go to VirWoX exchange (Click here) and click on “Not registered yet” link.
Step 2. Create a new account at Vircurex exchange (Click here), we’ll use this account later.
Step 3. Once you finish the registration, login to your VirWoX account. Ignore the message saying Your avatar connection has not been validated yet.
Step 4. Click on “Deposit” and add some funds to your VirWoX account, you can add funds in various methods including Paypal, Credit Card, UKASH, Paysafe Card, Money Bookers, Sofort banking or Neteller.
Step 5. Now you have to convert your USD / EUR/ GBP in to SLL (Linden $). Linden $ (SLL) is currency of The virtual world, Second Life. Just click on USD / SLL, EUR / SLL or GBP / SLL and place a buy order.
Why buy Linden Dollar? Because direct trading from $ / € to Bitcoin is not possible. That’s why you have to take alternative route via Second – Life Linden$
Step 6. Now go to BTC/SLL exchange and buy bitcoins of your desired amount.
Step 7. Congratulations, now just bought some bitcoins in your Virwox wallet, you can transfer these bitcoins to another exchange where we’ll convert BTC to LTC. Login to your Vircurex account you created in step 2 and generate your bitcoin deposit address in Accounts (click here).
Step 8. Now back to VirWoX account, go to “Withdraw” section, first option is bitcoin withdrawal. Now add bitcoin payee address you generated in previous step and hit the withdrawal button.
Note : For new VirWoX accounts, bitcoin transfer can take up to 48 hours.
Step 9. Now buy Litecoin with your recently transferred bitcoins (click here).
If you would like to trade in any other currency pair go to your user settings (choose “Settings” from the top of the menu) Then select the Layout tab. You should see a checkbox called “Show only BTC rates”. Uncheck this to see all currency combinations.
Step 10: You can transfer your LTC anytime to your wallet or another exchange from Vircurex wallet. Click account, then click make a withdrawal, then it will ask you to type in how much LTC you would like to withdrawal, and the address of where you want to send this money and funds should be transferred in about 30 minutes.