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Posts Tagged ‘PayPal‘
Bitcoin Debit Cards Now Available from Bitwala
The European company Bitwala that provides services for paying bills by transferring Bitcoin to fiat and more recently began suggesting BTC to PayPal transfers has added a fresh service – Bitcoin-powered Debit Cards. According to the service the cards should be already available for “Tier Two verified” customers te the form of a physical or a virtual debit card nominated ter Euro. You can order a virtual Bitcoin debit card for Five EURO or a physical card for Ten Euro with the regular 0.5% procent toverfee of the service and funds should be credited on the card up Trio business days and often a loterijlot quicker according to the information available (during work days it should not take more than a few hours). This means that similar to their BTC to PayPal service the transfer of Bitcoins to your BTC powered debit card will not be instantaneous and this te the world of crypto currencies is a serious kwestie. When you want to spend Bitcoins through a debit card that is powered by BTC you will normally want to be able to instantly spend the coins spil fiat and not having to wait for up to a few days. Thee are already alternatives for Bitcoin debit cards that wij have attempted and that suggest users to instantaneously spend their available coins te a wallet or loaded to the card spil fiat such spil Xapo Bitcoin Debit Card or E-coin Bitcoin Debit Card. Tho’ having more alternatives and different options can be helpful at times, especially ter the world of crypto currencies, so this is one more option for a Bitcoin debit card that you can have.
- Te: General Informatie|Tests and Reviews
- Tags: Bitcoin handelsbank card, Bitcoin Debit Card, Bitcoin PayPal eCheck, Bitcoin physical debit card, Bitcoin to handelsbank transfer, Bitcoin to PayPal, Bitcoin to SEPA, Bitcoin to wire transfer, Bitcoin virtual debit card, Bitwala, BTC bankgebouw card, BTC debit card, BTC PayPal eCheck, BTC physical debit card, BTC to PayPal, BTC to SEPA, BTC virtual debit card, PayPal, PayPal eCheck
Sending Bitcoins to a PayPal Account with Coinimal
Wij have recently tested the service Bitwala for sending BTC to PayPal, but the use of eChecks makes the transfer of the coins to money ter PayPal very slow, so wij embarked looking for alternative. One such alternative that wij found, also operated by an European company that evidently is targeting only European users (supports only EUR spil a fiat currency), is called Coinimal and wij have determined to give it a go spil well. This service supports not only Bitcoin to PayPal, but sending Bitcoin to bankgebouw accounts via SEPA spil well spil numerous other payment systems, tho’ our concentrate wasgoed on the PayPal support. Another interesting thing about Coinimal is that it is not only for selling your Bitcoins or NXTcoin and having the respective Euro amount sent to PayPal, handelsbank account or other payment processor, but you can actually also buy BTC spil well spil NXT and even Ethereum’s Ether coins with it.
Once you register and verify your email address you will be able to embark using the service for selling crypto coins for Euro with a daily limit of 1000 Euro, 7500 Euro monthly limit and 30000 EUR total limit, but you will not be able to buy crypto coins. You would need to go through an extra verification process to increase your boundaries and get the capability to also buy crypto coins, but the good thing is that right after registration you can instantly test the Bitcoin to PayPal functionality or Bitcoin to SEPA wire transfer. Do note that since the service is targeted at European users if you are from another country you might not be able to go through all levels of verification, but you should still not have trouble using the lower limit levels.
Here are how the different verification levels go and what are the requirements and the boundaries you get with each of them. Going for the maximum Gold level would give you access to the utter functionality suggested by the service spil well spil very high boundaries for both buying and selling the supported crypto currencies, but ter order to pass it you need to verify your identity and provide the respective documents to do that. If you do not require to have high boundaries and don’t need the functionality for buying crypto coins using the service you can be just fine even with the Starter or Bronze plans. For the Bitcoin to PayPal transfer functionality this should be enough with the standard thresholds you get, at least for checking the service out to see if it will provide you with what you need te terms of functionality.
When you go to the pagina to sell Bitcoin (or NXTcoin) for Euro and have the money sent to your bankgebouw account or to PayPal you have to set an amount of coins you want to sell. There is a limit of ondergrens 50 Euro omschrijving ter coins to initiate a transaction and that goes for both BTC and NXT coins, regardless of where you want to transfer them. After you come in the amount te coins you want to sell you will see the base price vanaf Bitcoin and how much you will receive depending on the payout provider you have chosen (minus the service toverfee). The SEPA wire transfer comes with the lowest toverfee and the toverfee for PayPal transfers is evidently higher spil it also takes into account the PayPal fees, do note however that the estimate you get ter EUR might be a bit less when you go to the final confirmation pagina for initiating the Bitcoin to PayPal transaction.
After you send the BTC to the wallet address you are given you will have to wait for the network confirmation that can normally take up to about 1-2 hours and then you can expect to see a money transaction to PayPal to be initiated. Since the process can take numerous hours to be ended you will also receive an email when the money have bot sent to your PayPal account. Ter our test for sending about 50 EUR (the ondergrens) converted from Bitcoin to PayPal the total time needed wasgoed about three and a half hours from the ogenblik wij have initiated the process until wij have got the money ter our PayPal account. The good thing here is that unlike Bitwala that use PayPal eCheck for the transfers this service does a normal regular transfer and you have the money available instantly te your PayPal account without having to wait for their confirmation. So if you want to be able to quickly and lightly transfer Bitcoins to Euro ter your PayPal account, then Coinimal is the better solution available from the two services that wij have recently tested, however both of them do work pretty much identically well for BTC to SEPA canap transfers.
- Ter: Tests and Reviews
- Tags: Bitcoin PayPal transfer, Bitcoin to handelsbank transfer, Bitcoin to Neteller, Bitcoin to PayPal, Bitcoin to SEPA, Bitcoin to wire transfer, BTC PayPal transfer, BTC to Neteller, BTC to PayPal, BTC to SEPA, Coinimal, Coinimal Bitcoin to PayPal, Coinimal Bitcoin to SEPA, PayPal
Send Bitcoins to PayPal Accounts Worldwide with Bitwala
Bitwala is an interesting service that makes canap wire transfers on your behalf te exchange for Bitcoins, so that you can pay your bills with BTC for example. It is an European company that presently supports only SEPA bankgebouw transfers, so it is usable to send BTC to an European bankgebouw account only, tho’ you can send Bitcoins from anywhere te the world. The primary operating currency is Euro (EUR) with only 0.5% toverfee on the BTC to Euro canap payments, but numerous other currencies are also supported with a higher toverfee. This makes the service an interesting and quick way to transfer Bitcoin to canap accounts te Europe and that goes not only to convert BTC to Euro ter your canap, but also send payments.
Things just got even more interesting with the service just announcing the addition of support for sending Bitcoins to PayPal accounts spil well with the same low 0.5% toverfee for Euro conversion. This makes it even more interesting for worldwide use and not only for European Bitcoin users like it wasgoed before thanks to the BTC to SEPA wire transfers. Since PayPal is the preferred method for payment when using eBay and making other online purchases thanks to the layer of protection that it adds overheen the use of a credit card directly the capability to quickly and lightly convert Bitcoins to Euro and have them ter your PayPal account seems like fairly a useful feature.
Spil soon spil you register you will have a monthly limit of 200 Euro, but spil soon spil you confirm your email address and inject your basic details such spil name and address the limit will be enlargened to 500 Euro. For the next level of 2000 Euro limit you need to provide identity verification documents that are required te order to obey with EU law. For the third level with a monthly limit of 50000 Euro you would need to go through a quick Skype call with a representative from the service. For most people even the very first level of verification will be enough to attempt out the service and see if it will work spil well spil you would expect it to and if it is something that you might find useful either for paying bills with Bitcoins or for sending BTC to your PayPal account.
The very first test transaction to send Bitcoins using the service to PayPal that wij did took us a little overheen Five hours from the ogenblik wij have initiated the proces and sent the BTC to the uur wij’ve received confirmation that the money have bot sent to our PayPal account. Out of those a bit overheen Five hours toughly two were needed for the Bitcoin transaction to be confirmed on the network and another three for the PayPal transfer to be initiated. There is a bit of a problem here that wij did not see clearly explained with the BTC to PayPal support that the service has introduced and that is the fact that eChecks are being used to fund your PayPal account and while wij got a confirmation on the transfer received, the money sent are not instantaneously available for use like you would very likely want them to be. According to PayPal: “This eCheck payment will postbode to your PayPal balance once the funds have cleared from the sender’s account, which usually takes 3-5 business days” and wij have to wait for November 12th for the eCheck payment to be cleared and for us to actually be able to use the funds from within PayPal. Unluckily this pretty much kills the usability of the service if you have to wait up to a week after you initiate the BTC to PayPal transfer spil you very likely would want to be able to use the funds withing a few hours, not within days. It will still be swifter and more convenient to do a BTC to SEPA wire transfer to the bankgebouw account of a card linked to your PayPal account than to take advantage of the Bitcoin to PayPal service!