VirWoX: Difference between revisions
More details information including instructions (work in progress) |
completed "how to buy bitcoins" section |
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Then log in on the VirWoX website and enter an order to buy BTC on the "Exchange BTC/SLL" page. Depending on the type of order (Market or Limit), | Then log in on the VirWoX website and enter an order to buy BTC on the "Exchange BTC/SLL" page. Depending on the type of order (Market or Limit), | ||
this will convert the Linden Dollars to BTC immediately or at some later time<ref>In case of a limit order, you will receive an email when the order is completely filled</ref>. | this will convert the Linden Dollars to BTC immediately or at some later time<ref>In case of a limit order, you will receive an email when the order is completely filled.</ref>. | ||
Finally use the "Withdraw" page to send the BTC to a Bitcoin address. You can also use VirWoX as a [[eWallet]] and keep your BTC there for later use. | Finally use the "Withdraw" page to send the BTC to a Bitcoin address. You can also use VirWoX as a [[eWallet]] and keep your BTC there for later use. | ||
====With other currencies (USD, EUR, etc.)==== | ====With other currencies (USD, EUR, etc.)==== | ||
Technically, VirWoX only supports to buy BTC for Linden Dollars. However, you can first buy Linden Dollars for real-world currency, and then buy BTC for your Linden Dollars as described above. | Technically, VirWoX only supports to buy BTC for Linden Dollars. However, you can first buy Linden Dollars for real-world currency, and then buy BTC for your Linden Dollars as described above. | ||
The following payment methods are available: | |||
{| class="wikitable" style="width: auto; text-align: center; table-layout: fixed;" | |||
! Payment Processor | |||
! USD | |||
! EUR | |||
! GBP | |||
! CHF | |||
! Delay | |||
! Limit | |||
! Fees | |||
|- | |||
| {{rh}} | Bank Wire | |||
| {{yes}} | |||
| {{yes}} | |||
| {{yes}} | |||
| {{yes}} | |||
| 2-3 days | |||
| unlimited | |||
| free (if from EU in EUR) | |||
|- | |||
| {{rh}} | [[PayPal]] | |||
| {{yes}} | |||
| {{yes}} | |||
| {{yes}} | |||
| {{yes}} | |||
| instant | |||
| variable (see "Limits") | |||
| EUR 0.35 + 3.4% | |||
|- | |||
| {{rh}} | [[Moneybookers]] | |||
| {{yes}} | |||
| {{yes}} | |||
| {{yes}} | |||
| {{no}} | |||
| instant | |||
| variable (see "Limits") | |||
| EUR 0.39 + 3.5% | |||
|- | |||
| {{rh}} | NETELLER | |||
| {{yes}} | |||
| {{yes}} | |||
| {{yes}} | |||
| {{no}} | |||
| instant | |||
| unlimited | |||
| 3.5% | |||
|- | |||
| {{rh}} | DIRECTebanking / Sofortüberweisung | |||
| {{yes}} | |||
| {{no}} | |||
| {{no}} | |||
| {{no}} | |||
| instant | |||
| variable (see "Limits") | |||
| 2.5% (min. EUR 0.25) | |||
|- | |||
| {{rh}} | paysafecard | |||
| {{yes}} | |||
| {{yes}} | |||
| {{yes}} | |||
| {{yes}} | |||
| instant | |||
| unlimited | |||
| 20% | |||
|} | |||
===How to sell bitcoins=== | ===How to sell bitcoins=== | ||
Revision as of 17:08, 9 May 2011
In business since end of 2007, VirWoX is today the the leading independent exchange for trading virtual currencies, both in terms number if users (about 30,000), and trading volume (2010: 10 million Euro / 14 million US$).
Currencies traded are Linden Dollars (the virtual currency used in Second Life), Avination's C$, and the Open Metaverse Currency (OMC). In April 2011, VirWoX started accepting Bitcoin and enabled to trade bitcoins for Linden Dollars (both ways), which are in turn convertible to EUR, USD, GBP, CHF, and the other virtual currencies traded on VirWoX.
Other payment methods (deposit and withdrawal) include PayPal, Moneybookers, NETELLER, paysafecard, DIRECTebanking.com, and bank transfers.
VirWoX is run by the company Virtual World Services GmbH, which is located in Austria. The service is available in five languages (English, German, French, Spanish, Italian).
Instructions
How to buy bitcoins
With Linden Dollars
After you have opened[1] an account, deposit the Linden Dollars (SLL) at one of the in-world terminals[2] in Second Life.
Then log in on the VirWoX website and enter an order to buy BTC on the "Exchange BTC/SLL" page. Depending on the type of order (Market or Limit), this will convert the Linden Dollars to BTC immediately or at some later time[3]. Finally use the "Withdraw" page to send the BTC to a Bitcoin address. You can also use VirWoX as a eWallet and keep your BTC there for later use.
With other currencies (USD, EUR, etc.)
Technically, VirWoX only supports to buy BTC for Linden Dollars. However, you can first buy Linden Dollars for real-world currency, and then buy BTC for your Linden Dollars as described above.
The following payment methods are available:
| Payment Processor | USD | EUR | GBP | CHF | Delay | Limit | Fees |
|---|---|---|---|---|---|---|---|
| Bank Wire | Yes | Yes | Yes | Yes | 2-3 days | unlimited | free (if from EU in EUR) |
| PayPal | Yes | Yes | Yes | Yes | instant | variable (see "Limits") | EUR 0.35 + 3.4% |
| Moneybookers | Yes | Yes | Yes | No | instant | variable (see "Limits") | EUR 0.39 + 3.5% |
| NETELLER | Yes | Yes | Yes | No | instant | unlimited | 3.5% |
| DIRECTebanking / Sofortüberweisung | Yes | No | No | No | instant | variable (see "Limits") | 2.5% (min. EUR 0.25) |
| paysafecard | Yes | Yes | Yes | Yes | instant | unlimited | 20% |
How to sell bitcoins
For Linden Dollars
For other currencies (USD, EUR, etc.)
Fees
Limits and Restrictions
External Links
References
- ↑ VirWoX user registration
- ↑ List of VirWoX terminals in Second Life
- ↑ In case of a limit order, you will receive an email when the order is completely filled.