Virwox is the online exchange owned by Virtual World Services GmbH, an Austrian company. Since 2007, Virworx has built its brand name and traders can buy and sell a virtual currency known as Linden Dollars. Traders can do by buying low and selling high, using the price variations of the virtual currency to achieve this.
The number of their clients shos how wide the reach of the platform is; more than 1 million registered users.
The only cryptocurrency, Bitcoin, can be traded on Virwox.
Virwox serves many countries, however, a few countries are restricted for its international financial restrictions or regulatory prohibitions.
– Restricted countries;
US, France, Belgium, Syria, Iran, Iraq, Afghanistan, North Korea, etc
There are several deposit / withdraw options
– Credit/Debit Cards
One of the most popular payment methods is PayPal, but fees are charges for the service.
– Paypal : 0.35 EUR plus 3.5% of the transaction
– Skrill : 0.39 EUR plus 3.5% of the transaction
– SOFORT: 2.5% of the transaction
– Deposits in Bitcoin : Free
Virwox charges commissions depending on the coin and the type of orders.
The limits are based on clients’ account level.
– Level 0 : 90 EUR limit for each 24 hour period. (270 EUR limit per 30 days)
– Level 1 : 120 EUR limit daily, 900 EUR limit monthly
– Level 2 : 200 EUR limit daily, 2,000 EUR limit monthly
– Level 3 : 400 EUR limit daily, 5,000 EUR limit monthly
– Level 4 : 1,000 EUR limit daily, 15,000 EUR limit monthly
The email and ticket service is available.
Email: firstname.lastname@example.org or email@example.com
VirWox website provides five language services; English, German, French, Spanish, Italian.
VirWox operates a network of terminals. To prevent clients being prompted to login to fake terminals generated by hackers, a popup box comes up, telling his/her username. If the terminal tells the wrong username, it is a fake terminal.
VirWox is an exchange for virtual currencies. It was created for buying and selling virtual currencies used in online games. Their developers decided to branch out into this cryptocurrency, however, have come up with a slow and costly process.The greatest advantage of VirWox is the option to buy Bitcoin with PayPal and other payment methods by first buying SLL and converting this to Bitcoin.
VirWox is useful for people who play the supported online games that utilize the virtual currencies tradeable on VirWox, however, it is not the first choice for cryptocurrency exchange.
– Buy Bitcoin with PayPal
– No hardware wallet
– High Fess
– Limited Currencies