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How to Buy Bitcoins from PayPal

Buying Bitcoin can be tricky at times, especially when doing it through PayPal. This is because PayPal is credit while Bitcoin is more like cash. In the event someone buys Bitcoin and later decides to dispute the sale, PayPal will have no way of knowing if the transaction actually happened, resulting in the reversal of transaction. So, the company is always super cautious towards making Bitcoin transactions and doesn’t allow any coins for PayPal credit.

But don’t worry. We are living in 2017 – the age of the internet. There is always a way to do something indirectly if there isn’t a direct way to do it.

In this post, we have discussed some tips and tricks that will help you exchange Bitcoin with PayPal credit.

Give each a solid read.

Trading SLL (Second Life Lindens):

This one is quite tricky. More like a workaround. In this method, instead of transferring bitcoins through PayPal which is not allowed, you will be buying a different cryptocurrency, one that is allowed, and then trade it for Bitcoin.

One of those currencies is Second Life Lindens (SLL), which can easily be bought through a website called Virvox via PayPal credit. Once you have SLL, your next move should be going to an SLL/BTC exchange and exchanging it for Bitcoin.

Here are the steps involved in the process:

  • Go to Virvox and open an account.
  • Deposit money in your account with PayPal.
  • Buy SLL.
  • Exchange it for Bitcoin.
  • Withdraw your bitcoins.

The only downside of this method is that it’s slow and involves higher fees.

Buying Through Local Bitcoins:

Local Bitcoins is another option that can help you buy Bitcoin with PayPal credit. The website allows you to buy cryptocurrency from a local seller or an online vendor. But since you will be paying in PayPal credit, you can get in touch with vendors from all over the world.

However, when dealing with someone on Local Bitcoins, make sure you understand their policy and are ready to comply. Some sellers are overly strict and may end up turning into an ordeal for you.

Pro Tip: Always buy coins from an experienced and a well-reputed seller on Local Bitcoins.

PayPal Debit Card Holders Can Also Use This Method:

The US residents can easily issue themselves a PayPal debit card. The card makes it extremely easy to buy Bitcoin with PayPal on lower fees. To get the card, all you need to do is go, open an account on Circle and make sure that your debit card is connected to your profile.

From now on, every time you buy Bitcoin, the charges will be deducted from your PayPal credit.

Lastly – Don’t Let Yourself Become a Victim of Scams:

These three are the best options to buy Bitcoin with PayPal. Although you will come across many other sites claiming to be selling Bitcoin with PayPal, most of them are scams. Beware of them and stay safe. Good luck!

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One thought on “How to Buy Bitcoins from PayPal In Two Minutes?

  1. Spot on with this write-up, I absolutely believe that this amazing site needs far more attention. I’ll probably be returning to see more, thanks for the info!

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Mastercard Scrutinizes Blockchain To Fight False Identities

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Mastercard, which is considered as a payments giant has filed a patent, suggesting that it sees blockchain as a mean to protect the identity data. The U.S. Patent and Trademark Office (USPTO) released an application on last Thursday, that Mastercard has defined a system in the application, in which a semi-private/private blockchain would be used to collect and store identity information, including; name, tax identification number, and street address.

blockchain based database

The Mastercard company has stated in the filing, that the technology could help it to block the use of false identity data inside its systems, as it initially succumbed back in September 2017 and it seems like the Mastercard and blockchain get along with each other quite well.

Mastercard Company Statement

According to Mastercard:

“The use of a blockchain for the storage of identity and credential data may provide for an immutable storage of such data that can provide an accurate verification thereof and also prevent the fabrication of such data.”

The network proposed by Mastercard would just permit specific nodes to submit data. These authorized-nodes would work to avert the data addition that may negotiate the precision of the data stored within. The filing also elucidates that data files for all entities will be generated by the system respectively, which would be linked to a public key as well as geographic authority. The entities would be subsidiary, whereas a superior entity would carry out a digital sign on their data files.

Mastercard Approved Nodes:

Only nodes approved by Mastercard can update the identity information inside the system and according to Mastercard, the projected system could perhaps substitute other ways of demonstrating the identity that might be vulnerable to forgery and imprecisions.

The company also said:

“In such instances, it may be difficult for an entity to disprove a false identity, leading to an interaction with an inauthentic individual or entity. Thus, there is a need for a technical solution to provide for the immutable storage of identity and credential data that may prevent fabrication and inaccuracies.”

 

Until now, Mastercard has submitted numerous patent applications related to the blockchain. One filing proposed an infrastructure that could enable refund services for the users of cryptocurrency. Another filing explained a blockchain based database that could promptly process payments, notably dropping the transaction settlement times. Also, the payments tech company announced that it was going to hire 175 new technology developers, as well as blockchain specialists.

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CapitalWave, Inc. Announces Launch of The Blockchain Academy – Blockchain Programs for Corporation’s & Developers.

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NEW YORK – April 25, 2017 – CapitalWave, Inc., a leading global provider designed to deliver highly engaging training for the financial markets, announced the official launch of The Blockchain Academy, a new institution offering online video training courses to professionals seeking to have a greater understanding of the impact of blockchain and its most famous use-case Bitcoin.

The Blockchain Academy offers progressive courses to increase the understanding of someone fresh to the blockchain network. It includes everything, from foundation to immersive courses that provide a thorough understanding of each aspect of the technology. Blockchain Academy prepares businesses to reach their internal targets and better serve their employees and customers.

Blockchain Academy courses prepare students to:

  • Understand the disruptive impact of blockchain
  • Learn how Bitcoin, mining, and cryptocurrencies work
  • Get a deep and thorough understanding of the concepts that underpin how blockchain works.
  • Discover where this technology is headed and the changes this will mean.
  • Understand the basics of virtual currencies, with a focus on adoption and use within the financial sector.

Current Blockchain Academy Courses

  • The Blockchain Foundations
  • Blockchain Intensive I: Bitcoin and Blockchain
  • Blockchain Intensive II: The Financial Sector

 

“We anticipated the need for alternative eLearning solutions to serve both large and small businesses with an easier, more efficient process,” said Bryant Nielson, the Executive Director of both CapitalWave and The Blockchain Academy. “The needs of companies are constantly evolving and we have successfully expanded our training course offerings to meet and exceed these demands.”

 

Each course is designed to provide companies the edge in understanding FinTech by learning online with engaging, self-paced e-Learning modules. Being one of the first learning organizations to provide a truly dynamic educational simulation training platforms.  Their goal is to be the preeminent provider of training platforms, financial simulation and competitions for the Corporate and University markets.

 

About CapitalWave Inc.

With offices in New York and London, CapitalWave is a leading global provider of financial training solutions in the capital & wealth markets. In addition to delivering courses in Equity Fundamentals, Fixed Income programs, Investment Management, Investment Banking, Forex, Commodities & Energy, Wealth Management, Risk Management, Asset & Liability Management, CFA programs and more.  The company’s headquarters in New York.

 

For more information, please visit: http://www.capitalwave.com or www.TheBlockchainAcademy.com

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Riot Blockchain Making Plans To Launch Crypto Exchange In US

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Riot Blockchain is a former biotech company. It also has the honour to be the first mover on the NASDAQ. Riot has now its full focus on investments in cryptocurrency and blockchain startups with great success rate. It intends to gain exposure to the blockchain ecosystem with its targeted investments. For the time being Riot Blockchain has its core attention on the Bitcoin and Ethereum blockchains. It has also launched its own Bitcoin mining operation.

crypto exchange in US

Surprising Announcement by Riot Blockchain

At last Riot Blockchain has surprised the financial world by its sudden announcement according to which it may launch a crypto exchange in US. In a public filing Riot Blockchain stated that it just had intentions to investigate the launch of a digital currency exchange in the US. It also stated that this will also act as a futures brokerage firm.

Riot has also recently signed a letter of purchase for owning the Miami-based Logical Brokerage Corp that is registered with the Commodity Futures Trading Commission. It is also a member of the National Futures Association, and also acts as an industry trade group.

Reason Behind This Decision

When asked about the reason behind this decision, John O’Rourke, Chairman and CEO of Riot Blockchain stated that Riot took that step because it discovered a crucial market requirement of increasing options for digital currencies within the United States. He further stated that Logical Brokerage will help to provide a trustworthy platform to manage specific service in the relevant market.

Journey from Bioptix to Riot

In fact Riot was not a part of the crypto-business from the start. It was previously known as Bioptix. It has established its identity as a veterinary products patent, no doubt during that period it had developed new ways to test disease.

It was in September when Bioptix made an investment in a cryptocurrency exchange for the first time. Right after two months it purchased a company that had real life cryptocurrency mining equipment. After that the company name was changed from Bioptix to Riot Blockchain and it progressed continuously in the crypto-business. However, switch of business and change of and the company’s name were not the only questionable moves. Riot Blockchain was the first newly born firms to give rise to rumours due to its unexpected turns and swirls into the flourishing business of cryptocurrency and blockchain ecosystem. And all this happened during last year’s dramatic fourth-quarter rally.

However, according to some critics the fact cannot be ignored that Riot’s cryptocurrency exchange plans are at its best right now and it will be quiet unexpected to see them postponed in the future.

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Looking for Bitcoin Information? Here Is Everything You Need to Know

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Bitcoin Information

Bitcoin is a digital currency that only exists electronically. To be more precise, it’s a cryptocurrency that is based on code and encryption keys. The currency first came into circulation in 2009 and was created by an anonymous programmer called Satoshi Nakamoto.

The currency is relatively new and not many people have any idea about how Bitcoin works. The goal of this post is to give newbies clearer understanding of what bitcoin is, how it works and how it can be used to buy/sell services and goods.

What Are Bitcoins?

People often confuse the terms Bitcoin (capitalized) and bitcoin (not capitalized) with each other, not realizing that these two are completely different entities.

Bitcoin latest news refers to the Bitcoin Network while bitcoin information refers to the currency itself (i.e. 1 bitcoin, 2 bitcoins).

What Makes Bitcoin So Special?

There are several factors that make Bitcoin special and give it an edge over traditional currency. The list is unending. However, I’m going to write some advantages of Bitcoin to give you a clear idea as to what makes Bitcoin so special.

  • Bitcoin is a peer to peer currency and is autonomous to third party influence.
  • Bitcoin transactions are stored in a public ledger called blockchain. The recorded information is transparent and offers open access to its users, making transactions more transparent.
  • Since the Bitcoin transactions don’t go through a clearing house (Government, MasterCard, Visa Card, etc.) the fees involved are extremely low.
  • The currency is stored in a Bitcoin wallet which is equivalent to bank accounts for traditional currency.
  • The security level of Bitcoin is extremely high. The currency is secured with encryption keys and only the owner of the coins can know about it; which makes stealing coins nearly impossible.
  • Bitcoins are finite and their value depends on the volume of usage. The more people use this currency, the higher it goes in value.

These are some of the key features that make bitcoin special.

Are Bitcoins Decentralized?

Yes, bitcoins are decentralized. There is no government/private agency, a monitoring authority or clearing house to monitor bitcoin flow. This makes the digital currency spendable nearly anywhere around the world.

Due to it being decentralized, Bitcoin is also dubbed as “the currency of internet”. This is because the Bitcoin transactions are not bound to any physical boundaries and can be sent to/received in any part of the world.

Is Bitcoin Anonymous?

Bitcoin transactions used to be completely anonymous. But now many bitcoin escrow service providers have started implementing KYC (Know Your Customers) and AML (Anti Money Laundering) regulations.

These regulations bound the users to provide proof of identity and residence which makes it harder to achieve anonymous transactions.

How Can You Use Bitcoins?

Bitcoins can be used in a similar fashion as traditional currency i.e. to buy/sell goods, services, and for investment purpose. Another use of bitcoin is to generate revenue through money transfer.

How to Earn Bitcoin?

There are two major ways to earn bitcoins: buying and mining.

Buying Bitcoins:

Bitcoin can be bought through many online exchanges. The exchanges operate on both local and global scale. You can also buy bitcoins from other people via LocalBitcoins.

Bitcoin Mining:

In Bitcoin mining, users on different computers assemble together to form a block and work to solve mathematical algorithms. Those who successfully solve the problems earn their reward in bitcoin.

Conclusion:

Bitcoin is well secured and the fact that Bitcoin transaction data cannot be deleted or tampered with makes it even more protected. Moreover, the currency is cost effective and many major corporations have shown their interest in accepting Bitcoin as payment. The future seems pretty cool!

 

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