VirWoX

virwox.com reviews

VirWoX is one of the first exchanges where users could go to exchange fiat for Bitcoin. VirWoX has been in business since 2007 and was initially a marketplace where users could exchange virtual tokens from online games to fiat currency. VirWoX Bitcoin exchange was available in April 2014. VirWoX Users initially used fiat currency via PayPal to purchase the virtual tokens for the games and subsequently used them to convert to Bitcoin.

Features of virwox

With VirWoX not being primarily for cryptocurrencies, it is not an ideal exchange for cryptocurrency market participants. Bitcoin is priced against the virtual token SLL so it means that users have to convert their fiat into SLL to trade against Bitcoin. For traders who want to speculate on the price, this means they have two pairs to track instead of one. Speculative VirWoX traders would need to track the price of SLL against their fiat currency along with the price of SLL against Bitcoin. VirWoX order book and market depth chart are provided. VirWoX's only cryptocurrency offered is Bitcoin. VirWoX has a simple registration process to use the exchange which users who wish to remain anonymous will see as an advantage.

One of the key selling points is that through using VirWoX exchange, you can use a PayPal account to buy Bitcoin. The process is not straightforward but for users whose only option is to purchase through PayPal, VirWoX will be one of the only exchanges where this is possible.

VirWoX was shut down in 2020