Send Bitcoins to PyaPal Accounts Worldwide with Bitwala

Bitwala is an interesting service that makes bank wire transfers on your behalf in exchange for Bitcoins, so that you can pay your bills with BTC for example. It is an European company that currently supports only SEPA bank transfers, so it is usable to send BTC to an European bank account only, though you can send Bitcoins from anywhere in the world. The primary operating currency is Euro (EUR) with only 0.5% fee on the BTC to Euro bank payments, but multiple other currencies are also supported with a higher fee. This makes the service an interesting and fast way to transfer Bitcoin to bank accounts in Europe and that goes not only to convert BTC to Euro in your bank, but also send payments.

Things just got even more interesting with the service just announcing the addition of support for sending Bitcoins to PayPal accounts as well with the same low 0.5% fee for Euro conversion. This makes it even more interesting for worldwide use and not only for European Bitcoin users like it was before thanks to the BTC to SEPA wire transfers. Since PayPal is the preferred method for payment when using eBay and making other online purchases thanks to the layer of protection that it adds over the use of a credit card directly the ability to quickly and easily convert Bitcoins to Euro and have them in your PayPal account seems like quite a useful feature.

As soon as you register you will have a monthly limit of 200 Euro, but as soon as you confirm your email address and enter your basic details such as name and address the limit will be increased to 500 Euro. For the next level of 2000 Euro limit you need to provide identity verification documents that are required in order to comply with EU law. For the third level with a monthly limit of 50000 Euro you would need to go through a quick Skype call with a representative from the service. For most people even the first level of verification will be enough to try out the service and see if it will work as well as you would expect it to and if it is something that you might find useful either for paying bills with Bitcoins or for sending BTC to your PayPal account.

– For more information about Bitwala and to try out the service yourself…