Silk Road forums
Discussion => Newbie discussion => Topic started by: arananegro on May 24, 2013, 05:35 pm
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Does anyone have experience buying bitcoins from Virwox with a credit card? I know that they put a 48hr hold on the funds before you can exchange into bitcoin and transfer.
But are there any other transactions limits? Is there a limit on the amount that you can pay with a credit card per day?
Or a limit on how many transactions per day you can do?
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For withdraws from virwox to your paypal or credit card I don't think they are limits.
For deposits into virwox with a cc it depends on your account level.
If you login and click deposit and scroll down it will tell you how much you can deposit daily/monthly. In that same area you can check the different account levels and their limits, they make it really easy to find.
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thank you :)
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Last time I checked Virwox, you needed to change USD into Lindon (second life) dollars first, then into BTC.
The effective rate you pay at the end is far higher than other places, not the best way to do it if you ask me.
I think I've got cheaper BTC using cash.
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If you place a limit order and wait when converting lindens to btc you can get a much better rate than a market order.
Virwox is about as expensive as bitinstant when you do limit orders and have an older account with a high discount percentage.
Now if you think about the time, gas, and annoyance of moneygram, virwox is a little cheaper. Although virwox does sometimes have a manual step delay in processing btc withdraws so that sucks sometimes. Pro and cons my friends, pros and cons.
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Yeah I checked into it, you really need to have an older account there so the limits are raised for it to be worth using, the limits on new accounts are a joke less than 100$ a day