How to buy steem and SBD with paypal - step by step guide

in #cryptocurrency7 years ago

Of course you need more steem so you can power it up and need it with SBD so you can use Bots Or you can hold it as investment as steem and SBD may increase its price multiple times this year.
Here we learn how we can buy steem and SBD with paypal .

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First : To buy steem , SBD or any cryptocurrency you need BTC bitcoin so we will buy bitcoin with paypal then we will buy steem with bitcoin

Note :
you can buy BTC by credit card in coinbase, spectrocoin , coinmama and cexio
You can buy bitcoin with Cash , bank deposit and many online services with Localbitcoins
You can buy bitcoin with Paypal and Skrill with virwox
and here we will start with how to buy bitcoin in virwox with Paypal as it is easy way and you can buy Bitcoin immediately and will also discuss other ways in next posts

Please Note : you can use same steps to buy bitcoin with Skrill , just you will deposit Virwox with skrill not Paypal
and Step 2 and Step 3 will be Same steps in all other ways As cash or credit card As only different on how you buy bitcoin

HOW YOU CAN BUY STEEM WITH PAYPAL

we can buy steem with paypal in 3 steps
1- Buy bitcoin with paypal in virwox
2- buy Steem and SBD in bittrex exchange
3- withdraw your steem and SBD to your steemit wallet

Please Note : If you can't register new account on bittrex exchange you can buy steem from other exchanges as poloniex and Hitbtc

First Step - Buy Bitcoin With paypal in Virwox

Virwox is the most popular and trusted website to buy bitcoin with paypal

go to virvox and register new account /

click not registered yet

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complete basic inforamtion

choose username
fill your email
first and last name
and your country
then agree to terms of service then check recaptcha and then click Register

you don't need to make changes to Avatar as it is optional option and we don't need it

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Check your email for confirmation message which has your password
Log in to virwox account
first thing to do is to change your temporary password as you must change it in 24 hours and you can do this by

click change setting in left menu
then change password
and enter your new password and confirm it then click on change password

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Now you can deposit your account with paypal

So click on deposit in left menu and choose paypal
Enter amount you want to deposit in EUR, USD , GBP or CHF
then click check out with paypal

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you need to know
In your first deposit you have small limit and limit increase after each deposit so more deposit times increase limit and you can get discounts in fees and website do this to prevent Scams and fruds
and only verified paypal account is accepted

Complete deposit in paypal and it will added to your balance instantly

Now you need to buy SSL with your USD or EUR balance
So Click on USD/SSL in exchange in left menu
and enter USD amount you want to sell top get SSL then click next then confirm order

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Now you have SSL

Enter exchange again and same steps but now change SSL to bitcoin
click BTC/SSL in exchange in left menu
and BTC amount you want to buy
Click neext then confirm and complete trade

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NOW you Have Bitcoin you can withdraw it to your wallet

To withdraw it we will need first BTC address and we will get it in bittrex Exchange so we will buy steem in its exchange

Second Step : Buy steem with Bitcoin in Bittrex exchange

Go to bittrex and register new account
Then go to wallets search for BTC
and click + in bitcoin

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First time you have to click on create new address to get your address
then copy your BTC address

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go back to virwox to withdraw Bitcoin to your bitcoin address in Bittrex

Now you can buy steem with bitcoin

Click Maarkets in bittrex and search steem in BTC markets and click to buy it

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Then click buy Steem
Enter steem amount you want to buy
or amount of BTC you want
then make bid you can choose Ask price to buy immeditely

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or if you think steem price may be lower than current price enter it and it will be in open order till steem reach price you entered and it will completed

Once order completed now you have steem you can withdraw it now to your steemit wallet

Third Step : Withdraw steem to your Steemit Wallet

First get your memo in wallet then permissions

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Enter your memo and your account user name in Registered Acc then click withdrawl

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Please Note :
This way is fastest and best way to buy bitcoin with paypal so you can buy steem and SBD But main problem is in high fees as you see you should make 4 transaction in virwox to get your bitcoin -deposit USD-buy SSL-buy BTC-withdraw BTC
then no problem in bittrex or other exchanges as steem or SBD withdrawal fee is very low .
So I always recommend to buy bitcoin directly with your credit card from cexio or coinmama or if you are in supported country the best way is Coinbase - and these ways will be in next posts
But if you are one of many who want to use paypal I think this tutorial will be helpful for you

If you found this post helpful , please upvote and resteem it to help all other newbie friends

Thanks

image source - pixabay

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Very nice explanation. Keep up the hard work and you’ll be pleasantly surprised at your results. Steem On! Steem Nation!

Thanks richard ,and I'm really happy to see you in my blog
I do my best and hope to see results soon .

Its a great how to, but bittrexx does not accept any new members. Is there an alternative that you would recommend?

Hi Magata and happy to see you in my blog , If you can't register new account on bittrex exchange you can buy steem from other exchanges as poloniex and Hitbtc
hitbtc : https://hitbtc.com/?ref_id=5a3c5f30675b2
poloniex : https://poloniex.com/

I'm so happy to find people like you here who help others and suport all steemains with very informative post ,i hpoe for you more succeed ,thanks again for your informative post

Thank you very much hansal , and all love and success for you and for all steemians .

Wow so much to learn.
Thanks for sharing

Welcome pizzapai, I'm happy you liked it

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