Virwox Review 2019 – Is it Scam or not?

Virwox review - Virwox Official Logo image

Virwox review - Virwox Official Logo image

Overview

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.

Virwox review - Virwox company information

 

Currency Supported

The only cryptocurrency, Bitcoin, can be traded on Virwox.

Virwox review - Virwox current image

Countries Supported

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

 

Payment Method

There are several deposit / withdraw options

– PayPal

– Credit/Debit Cards

– Skrill

– PaySafeCard

– SOFORT

– OKPAY

– Bitcoin

 

One of the most popular payment methods is PayPal, but fees are charges for the service.

 

Fee

– 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.

 

Limit

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

 

Customer Support

Virwox review - Virwox customer support

The email and ticket service is available.

Email: office@virtualworldservices.at or support@virwox.com

VirWox website provides five language services; English, German, French, Spanish, Italian.

 

Security

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 review - Virwox security

 

Conclusion

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.

 

Pros

– Buy Bitcoin with PayPal

 

Cons

– No hardware wallet

– High Fess

– Limited Currencies