As these days almost all the online casinos are offering cryptocurrency pokies as well as Bitcoins, Litecoins, Ethereum, Dogecoins and various other such currency as deposit options to Aussie players, the gamers wish to know the easy way to buy Bitcoins.
Most of you know that to buy Bitcoins or any other cryptocurrency you need to go to a reputed Bitcoin exchange like Coinbase, Cointree or any other reliable exchange. Then you need to register yourself, open an account with the exchange. You need a credit or debit card to buy BTC or any other currency in exchange with your AUD. If you think of buying Bitcoins with Paypal there is a twist in it. No direct exchange offers such option but few sites that deal with cryptocurrencies do allow you to buy BTC with PayPal from Australia. Here are those sites and guide as how to buy Bitcoins with Paypal from Australia?
You can buy BTC with Paypal at Virwox, Localbitcoins and at Wirex exchanges.
Local Bitcoins is the prefect way to get Bitcoins with PayPal. The way you can use Local Bitcoins to buy Bitcoins with PayPal is by finding a person that is willing to sell them to you.
The first step will be to go to Local Bitcoins and enter how much you want to buy and from which country.
On the next screen you’ll see a list of available sellers, you can now browse them one by one.
Note that you need to check the authenticity of the seller by the Feedback score (located under the seller’s name it is advised to conduct transactions only with high feedback sellers)
and the Trade limits (each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.) as well as check the Payment window (How much time you have for paying the purchase and marking the payment done after you initiate a trade).
It’s also very important to read the terms of trade for the specific seller located on the right side.
Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some small transactions just to get reputation.
Once you’ve found your seller just enter how much you will to buy and click on “Send trade request”.
Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales).
This method is faster the Virwox but it can take you a lot of time to gain enough reputation, find your seller and also the premiums are really high (around %30 and more)
Wirex is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card you can useWirex’s card with your PayPal account.
In order to buy Bitcoins with your Wirex debit card go to Wirex. Click on “request new card” and choose the type of card you want. It’s possible to buy Bitcoins with PayPal through both cards (physical and virtual).
Virtual card should cost around $3 and will be enough for this process. Connect that debit card to your PayPal account and verify it Inside your PayPal account, go to “Wallet” -> “Add a card” and add your newly acquired virtual Bitcoin credit card.
One the card is added you will need to verify it. In order to verify the card you’ll need to have a balance of at least $3 on it so that PayPal will be able to charge you. Once PayPal charges you, you will see a 4 digit code next to that transaction on your Wirex account, that 4 digit code in the verification pin for your card on PayPal.
Now deposit funds to your PayPal account
Next go to “Wallet” -> “Withdraw funds” and choose the “withdraw funds to your card” option.
Make sure to choose your Wirex card. The withdrawal can take up to 7 days to appear in your Wirex account.
Buy Bitcoins with your funded Wirex debit card Now that your Wirex card has funds in it, you can use them to buy Bitcoins.
The whole process can take some time as verifying your Wirex card with PayPal takes some time and withdrawing the funds can take up to 7 business days depending on where you live.
Paxful is the smaller less known version of LocalBitcoins. It’s a peer to peer marketplace that allows you to buy Bitcoins with almost anything (e.g. Skype credits, Amazon gift cards).
The process of buying Bitcoins at Paxful first you need to create an account so visit Paxful
Choose a payment method for buying and the desired amount.
Then choose your seller – You can either choose manually or let Paxful decide who is the best seller for you.
Once the trade initiates you will be sent in to an online chat with the seller where you can finalize the deal.
The seller’s Bitcoins will be sent into Escrow and once you mark that you’ve sent your payment they will be released into your account.
Keep in mind that if you don’t finalize the deal within a certain timeframe (usually 30 minutes) the deal will be auto-cancelled.
Now choose the best method that you think among these. LocalBitcoins is preferred by many Aussies as well as Paxful and Wirex.