VirWox is a rip-off

Say you want to buy some bitcoins.  It turns out that it’s a major pain in the ass, but one route is VirWox.  Here’s what you’re looking at when you go this route: Deposit money with PayPal.  VirWox takes EUR 0.35 + 3.4%Convert dollars to SLL.  VirWox takes 3.5%Convert SLL to BTC (bitcoins).  VirWox takes 3.5%Withdraw bitcoins.  VirWox takes 0.02 BTC (currently, about 40ยข) as a fee, and holds the transfer for 48 hours.It’s a lot like the old company towns: once you get your money in, they charge you for everything that you do with it.

Read More