VirWox which can be found on the link virwox.com is a well know online currency and crypto money exchanger or converter website. It's basically website that converts a certain kind of money whether crypto like Bitcoin or real cash like USD (US Dollar) and EUR (Euro) or SLL (Sierra Leone Leone) into another form. VirWox was formed in 2007 and operates in Austria originally specializing in Linden$, a Second Life (game) currency and also considered as a form of real digital money by many game residents.
For Example, you only have USD but you want BTC. What you will gonna do is to buy SLL (Siera Leone Leone) using your dollar and then buy Bitcoin using that SLL that you have. The only thing you should consider is not the ease in converting currencies over another, but the fees you are paying everytime you turn it into a different one. Sounds easy but pretty expensive to have deals like this.
But ofcourse, like me, who don't want scammer exchangers on LocalBitcoins, all i need to do is to go to VirWox and lay there my dollars and press a few click of a button and finally request a withdrawal to my desired processor (BTC wallet in my case).
For Example, you only have USD but you want BTC. What you will gonna do is to buy SLL (Siera Leone Leone) using your dollar and then buy Bitcoin using that SLL that you have. The only thing you should consider is not the ease in converting currencies over another, but the fees you are paying everytime you turn it into a different one. Sounds easy but pretty expensive to have deals like this.
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But ofcourse, like me, who don't want scammer exchangers on LocalBitcoins, all i need to do is to go to VirWox and lay there my dollars and press a few click of a button and finally request a withdrawal to my desired processor (BTC wallet in my case).
General Informations
Homepage: https://www.virwox.com/
Category: Currency Exchange
Language: English (default), Deutsch, Francais, Espanol, Italian
Registration: Free
Currency: USD, BTC, SLL, EUR, GBP, OMC, MVC, ACD, CHF
Processor: PayPal, Credit Card, Sofort, Paysafecard, OkPay, Bitcoin Wallet
Withdrawal Delays: less than 48 hours (first time cashout)
Registrant: Iliana Suppan
Ownership: Virtual World Services GmbH
Location: Arche Noah 9, Graz, Austria 8010
Admine Name: Ralph Harreiter
Organization: Parkside Informations Technologie GmbH
Location: Marienplatz 1/3, Graz, Austria 8020
Phone: +43.316820918700
Homepage: https://www.virwox.com/
Category: Currency Exchange
Language: English (default), Deutsch, Francais, Espanol, Italian
Registration: Free
Currency: USD, BTC, SLL, EUR, GBP, OMC, MVC, ACD, CHF
Processor: PayPal, Credit Card, Sofort, Paysafecard, OkPay, Bitcoin Wallet
Withdrawal Delays: less than 48 hours (first time cashout)
Registrant: Iliana Suppan
Ownership: Virtual World Services GmbH
Location: Arche Noah 9, Graz, Austria 8010
Admine Name: Ralph Harreiter
Organization: Parkside Informations Technologie GmbH
Location: Marienplatz 1/3, Graz, Austria 8020
Phone: +43.316820918700
Creation Date: 2007Related Sites: possibility of 7 more domains
Website SEO Score: 89%
Whois: VirWox domain informations
Website SEO Score: 89%
Whois: VirWox domain informations
Summary
By reviewing the website VirWox.com, we have concluded that the site is a legit website for many reason. 1 is that it is a paying site, we did tried to exchange money there by depositing cash via PayPal and converted it from USD to SLL to BTC and then finally we requested a withdrawal via Bitcoin Wallet (as a normal user). We were informed that first timer members who requests withdrawal waits 48 hours for manual verification to avoid fraud. Two is that they are an established real company basing in Austria and not just a virtual team playing around and closing within years of existence.
By reviewing the website VirWox.com, we have concluded that the site is a legit website for many reason. 1 is that it is a paying site, we did tried to exchange money there by depositing cash via PayPal and converted it from USD to SLL to BTC and then finally we requested a withdrawal via Bitcoin Wallet (as a normal user). We were informed that first timer members who requests withdrawal waits 48 hours for manual verification to avoid fraud. Two is that they are an established real company basing in Austria and not just a virtual team playing around and closing within years of existence.
There's just some complaints that they are cancelling withdrawals and refunding it back to users because of a random fraud detection. People who has issues with them says they got a false positive to legit users.
Did we get paid? Yes we got paid by VirWox in just 24 hours more or less. From below you can see the screenshot of the email confirmation that was automatically sent to us by their system, we did check our wallet and it arrived.
Get paid every 20 minutes for using
time 10 minutes per day
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One thing that we just noticed is that our money got a cut of 15% or less I think. That's normal to have a cut since we did 2 convertion, one via USD to SSL and two via SLL to BTC plus the transaction fee when you are depositing and when you are requesting a withdrawal. 15% is huge yes as a total.
In checking their traffic, we saw that VirWox got a good global ranking of 48,000th in the most visited site around the globe and it's inceasing slowly. Most of the users / visitors are from Egypt and India. 12% comes from Google and a few percent from PayPal and Skrill.
Good Things We Like
Bad Things We Don't Like
- A Legit Site
Paying and a reliable business. Mentioned on trusted blogs around the web. But there's just some issues about them, see the cons list below. - Fast Transaction
The deposit and the converting of currencies are lightning fast. With just a few clicks you can turn your money into another form. - Linden Dollar (Linden$) Authorized Reseller
This is the most trusted place to exchange your Linden Dollar. The main currency used in a popular game called Second Life from Linden Labs. - Multiple Payment Processor Supported
VirWox supports so many deposit method like PayPal, OkPay, Mastercard, Visa, etc. - Turn your PayPal Dollar into Bitcoin
As per PayPal Terms, they do not allow this, but with the help of VirWox, you can convert your PayPal funds into a cryptocurrency called BTC with a few clicks only! - Public Informations
We are very happy each and everytime we see businesses that doesn't hide their identity to users. It's a great way to develop trust. - Fraud Protection
There's a leveling program, I think it is placed to avoid fraudulent people entering the site depositing hacked money and money laundering.
- Issues in Withdrawals
There are many users who says they experienced problem withdrawing their money from VirWox. (But I think there's a refund done) - Huge Cut
Deposit takes fee, Exchange takes fee, withdrawal takes fee. You might get lower than what you are expecting to have in the end. Based on what we see, from converting USD to SLL and SLL to BTC they took and from deposit to withdrawal I lost almost 15%. - False Positive
When you are withdrawing money, you will pass through security check. If they got a false positive on you and think you have a high risk of fraud or whatsoever, they will cancel you and refund your money. I saw many complaints about this but didn't have a clear situation narration. - Possibility of Money Laundering and Fraud
Because of the ease of exchanging money on VirWox, there's a high risk of people conducting money laundering on the site. Specially Paypal and Cryptocurrency is involved. - Knowledge Required
You should know that the exchange rate might affect you. It might look simple but rates changes everytime. - Deposit Limits
If you are level 0, this will be a big problem for you. But you can also thank this system. It avoids hot money entering the site.
Incase you have more informations about this website, ownership details, payment proofs, experience, opinions, or can be votes. Don't hesitate to participate so other users can read what you are dropping.
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