VirWox is a reliable digital currency exchange with a lot of credibility to its name. This online service provider allows individuals to purchase Bitcoins via PayPal and that too without them having to worry about safety, security and stringent laws. In a nutshell, VirWox is an easy to use platform with a highly trusted modus operandi.
Top VirWox Alternatives
Top VirWox Alternatives and Overview
Despite having its share of cons, this platform is still a great way to deal in Bitcoins— courtesy the expansive client base and a user-friendly interface.
Allows you to trade your bitcoin and a few cryptocurrencies, as well as exchange them, using the largest and most advanced platform.
Provides a simple and secure platform to trade and exchange bitcoins and other cryptocurrencies.
The absence of margin trading is a big con for Bittrex.
As a trading platform for bitcoin, this service offers basic features with not many advanced features.
While it offers reasonable fees for each crypto to crypto exchange, sometimes you can still find a better fee structure with other exchange services.
Coinhouse is a Paris based Bitcoin broker that supports multiple payment modes and offers a host of alternative exchange options to the customers.
While the bitcoin wallet is available for almost all countries worldwide, only certain countries can order a virtual or a physical debit card from SpectroCoin.
While this service is considered as one of the best bitcoin exchange services, it is still highly focused in Japan, with the JPY as its default currency exchange, and it can sometimes only be used by businesses that reside in Japan.
The information provided on the official website is very minimal, and the website only offers information regarding the features and benefits of the platform.
Gives you the convenience of buying and selling bitcoins instantly, with instant delivery and maximum security.
While this platform offers the users the convenience of using the simple and secure trading platform for digital currency, it requires the users to pay the annual fee for using this platform.
VirWox Review and Overview
VirWox is a centralized digital currency exchange with its roots in Austria. This firm has been existent since 2007 and specializes in SecondLife Lindens. When it comes to the processing fees, the company charges somewhere between 7-12 percent, depending upon the nature of transactions. Moreover, this is one great platform for quick Bitcoin conversions, keeping unnecessary verification laws at bay.
Understanding the 'Fee' Conundrum
This online exchange levies higher processing fees as compared to other service providers. However, there are a host of reasons that can readily justify the company’s credibility and the prices charged on transactions. Firstly, the PayPal to Bitcoin conversions and vice versa are quite intricate to execute and prone to higher risks of fraudulency. This in turn vindicates the higher fee range for the associated transactions as better services do come at a premium tick. Moreover, the initial motto of this exchange was not to trade Bitcoins but to process other forms of virtual currencies. Therefore, the existing SecondLife Linden gateway for making purchases results in slightly higher charges.
Lack of Competition
VirWox hasn’t been facing a lot of competition from other service providers as it is probably the only genuine platform to allow PayPal integration for Bitcoin purchases. This is why loyal customers are still willing to pay higher processing fees instead of opting for a competitor. Apart from that, this online client comes forth with a systematic calculator that helps individuals assess the rates and overhead costs before making the purchase. Moreover, calculating the rates is also a pretty simple process.
Unlike many digital currency exchanges, this firm has a lot to offer in terms of utility and functionality. New users need not wait long for account validation and even for verification purposes; only the basic details are required. Moreover, there is nothing like maximum or minimum deposit requirements for the Bitcoins. This is one globally recognized exchange which can seamlessly work with a host of fiat currencies, including the CHF, GBP, EUR and USD. Lastly, when it comes to assessing the withdrawal and deposit options, this virtual currency exchange supports a wide-range of selections, including PayPal, debit cards, credit cards, uKash, Skrill and several other avenues.
On How to Use the Exchange
There are two strategies for leveraging VirWox in the best possible manner. The first technique aims at helping the impatient users who need to accept the best market rates for quick remittance of the concerned currencies. The next approach targets customers who are willing to wait for better rates by placing limit orders and other metrics. This process depends on the end-user and an offer gets accepted only when someone else looks for something similar.
Legitimacy and Privacy
Here is an online platform that boasts of a secured user-interface and an extremely trusted framework. It is, however, advisable to select good and strong passwords for the account. User privacy is taken good care of as VirWox cuts off documentation from the scheme of things. Apart from that, the confidential details, if provided are handled with great care. In addition to that, this company doesn’t store credit or debit card information under any circumstance.
VirWox is a trusted client which offers the best possible deals on BTC exchanges. The rates are slightly on the higher side but this platform boasts of better services and a host of other features; only for a few extra bucks.
Company Name: Virtual World Services GmbH.
- Secure Platform
- Easy Account Opening
- Set Account Limit
- Get Transaction History
- No Withdraw Limit
- Safe & Secure process
- Updated Terminal Locations
- Free Virtual Currency
- No Maintenance fees