Topic: Why does everyone fear VirWox? (Read 664 times)
Virwox is for newbs just getting into bitcoin.
The fees are insane, i put in $16 got out $11 in btc. they suck
Next time, try selling your usd & sll at limit order, instead of their automated scammy "market" order
The fees are insane, i put in $16 got out $11 in btc. they suck
This is the first time that I've heard anyone suggest Virwox is an exchange that is feared, to be completely honest.
The only times I've seen it mentioned is to newbies who have PayPal in the currency exchange section.
The only times I've seen it mentioned is to newbies who have PayPal in the currency exchange section.
Not feared in the literal word, but largely avoided. Most trades involving paypal, be it here, or on localbitcoins, rise up to at least 10% of fees, for the sellers to protect themselves from chargebacks, which is obviously fair. So I don't understand why people agree on such harsh terms, and don't think of virwox.
You can look up virwox in the forum, and half of the posts that come up will be ones suggesting it as a "last resort" because of its "high fees".
I used also Virwox successful for buying BTC with prepaid Credit Card. It was the best option I could find round 1 november 2015.
This is the first time that I've heard anyone suggest Virwox is an exchange that is feared, to be completely honest.
The only times I've seen it mentioned is to newbies who have PayPal in the currency exchange section.
The only times I've seen it mentioned is to newbies who have PayPal in the currency exchange section.
I've been here for a while, and back in the day when I never used Paypal as much, I didn't really care, but right now that I have a lot of cash sitting in there, I'm trying to calculate the best methods to switch from Paypal to BTC whenever I feel like I could, so VirWox comes up, as the most obvious, but also the most repulsed method by the community.
I deposited the minimum amount , 2 USD. Anyone can calculate the fees right now, they'll be something like this :
2 PP USD > VW USD = 1.93 USD ( there's an extra -0.3USD, but it's negligeable because it's fixed. On a maximum limit level 0 account deposit, 0.3USD is a ridiculous 0.1%)
1.93 USD > SLL = 485 SLL (using market order rate 251.5SLL/USD at this exact moment)
485 SLL > BTC = 0.00413 BTC (using market order rate 117499SLL/BTC at this exact moment)
0.00413 BTC > USD = 1.88 USD (using current market rate : 455 BTC/USD )
So for X USD in Paypal, I received a stunning X - 6% in raw value of bitcoin.
Which leads me again to my question, why the fuck does everyone fear VirWox?
I deposited the minimum amount , 2 USD. Anyone can calculate the fees right now, they'll be something like this :
2 PP USD > VW USD = 1.93 USD ( there's an extra -0.3USD, but it's negligeable because it's fixed. On a maximum limit level 0 account deposit, 0.3USD is a ridiculous 0.1%)
1.93 USD > SLL = 485 SLL (using market order rate 251.5SLL/USD at this exact moment)
485 SLL > BTC = 0.00413 BTC (using market order rate 117499SLL/BTC at this exact moment)
0.00413 BTC > USD = 1.88 USD (using current market rate : 455 BTC/USD )
So for X USD in Paypal, I received a stunning X - 6% in raw value of bitcoin.
Which leads me again to my question, why the fuck does everyone fear VirWox?
Jump to: