Following are the instructions to Buy Litecoin With Credit Card, Debit Card using VirWoX exchange and BTC-e exchange. As you know buying crypto currencies like Bitcoin, Litecoin with Credit Card, Debit Card isn’t possible due to fraudulent chargeback cases where someone buy coins with Credit Card then receives the coins and fraudulently complains to their credit card company that they never received the goods. Since Bitcoin/Litecoin isn’t run by any central authority, it’s near to impossible for seller or exchange to prove his legitimacy. That’s why most of the seller/exchanges avoid PayPal and Credit Card transactions.
Fortunately VirWoX exchange found a way to avoid charge back’s by selling Linden $ first, this is a long method, including two exchanges and bitcoin but this is the easiest and safest way to Buy Litecoin with Credit Card, Debit Card.
Step 1. Open accounts on VirWoX and BTC-e.
First, you will need to set up two accounts. VirWoX.com (Click Here) is where you will be able to buy Bitcoin with PayPal. Unfortunately, though, VirWoX doesn’t allow buying and selling of Litecoin, so you will need to transfer the bitcoin to a cryptocurrency exchange, such as BTC-e.com (Click Here). There you will be able to trade your bitcoin for litecoin.
Open Account With VirWoX
Go to VirWoX (Click Here) and Open a new account by clicking on ‘Not registered yet’ option in the Customer Login box located on left sidebar.
Fill out your personal information, i.e. desired username and email address. Wherever it asks for “avatar name” just leave it at “No Avatar”, it doesn’t matter, since you are not going to play Second Life. Click on “Register”.
On successful registration, you will get a confirmation through email including your password. Log into your own VirWoX account and ignore the message saying “your avatar connection has not been validated yet”, you don’t need to verify your avatar.
Open Account With BTC-e
Go to BTC-e.com (Click Here) and click on “Sign Up” Button on top right.
Fill out your personal information, i.e. desired username and email address and click on “Register”. On successful registration, you will get a confirmation through email including your password. Log into your own BTC-e account.
Step 2. Deposit EUR, USD, or GBP into VirWoX with your Credit Card.
VirWoX has made this pretty easy to do. Simply go into the “deposit” tab on the left side of the screen.
Scroll down to the credit/debit card payment option, select your desired currency and amount, and click on the logo for the type of card you are using (Visa, MasterCard, etc.). You will be transferred to a payment processor which will walk you through the process of sending money from your credit/debit card to your VirWoX account.
Note : VirWoX supports all of the top card providers i.e. Visa, MasterCard, JCB, American Express and Diners Club International.
Step 3. Trade from your currency into Linden Dollars.
On the VirWoX homepage, click on the link that lists your currency’s trading pair with SLL (EUR/SLL, USD/SLL, CHF/SLL. GBP/SLL). This will take you to a page that lets you trade from your currency into Linden Dollars.
You have two options on how you want to trade: Market trade and Limit trade.
1. You want your order executed immediately: In this case, you would simply accept the current best available rate, and place a “market order“.
2. You are willing to wait for an even better rate: In this case, you place a “limit order” and specify your desired rate. Of course, your order will only get executed if and when somebody is willing to accept your offer.
Step 4. Trade from Linden Dollars into bitcoin.
After receiving your Linden Dollars, use the same process as in step 3 using the BTC/SLL trading pair to convert it into bitcoin.
Just like previous step you can set a Market Order or Limit Order.
Step 5. Transfer Bitcoin from VirWoX to BTC-e exchange.
Next, you need to transfer bitcoin you just bought in VirWoX to BTC-e exchange. For that you’ve to generate a Bitcoin Deposit address in BTC-e account. Simply login to BTC-e and click on “Finances” button, generate your bitcoin deposit address as shown in picture below.
At the bottom of the page you will see your Bitcoin deposit address (you can create a different address each time you do this process). Copy and save this bitcoin deposit address.
To transfer Bitcoin, login to your VirWoX exchange and click on the “Withdraw” link under “My Accounts.” You will be prompted for the address of the bitcoin wallet that you want to send your bitcoin to. Enter the bitcoin address that BTC-e provides you with as your deposit address and hit the “Request Withdrawal” button.
Note : For new VirWoX accounts, bitcoin transfer can take up to 48 hours. You’ll receive a mail shortly after your withdrawal is completed. Once you receive confirmation, you can proceed to next step.
Please be careful! if you enter an incorrect address, you will NOT be able to get your bitcoin back. Once you send the bitcoin to your BTC-e wallet, you may have to wait as long as an hour for it to arrive in your wallet.
Step 6. Trade your Bitcoin for Litecoin.
The only thing you have left is to trade your bitcoin for litecoin. Simply login to BTC-e and click on Trade, then select BTC/LTC pair and enter the number of coins you want to buy or set the price you want to pay per coin.
Step 7. Withdraw Litecoin to your Wallet.
You can transfer your LTC to your Litecoin Wallet or Paper Wallet. Click Finance, then to the right of LTC and click on Withdraw, then it will ask you to type in how much LTC you would like to withdrawal, and the address of where you want to send this money and funds should be transferred in about 30 minutes. That’s It.