Bitcoin Forum

Economy => Trading Discussion => Topic started by: brover098 on June 12, 2015, 07:33:19 PM


Title: Options to Exchange Bitcoin to Paypal?
Post by: brover098 on June 12, 2015, 07:33:19 PM
I get some Bitcoins recently, I want to know all the options available for converting these Bitcoins to PayPal USD.

I have found some options:

  • https://localbitcoins.com (too many verications)
  • http://www.btctopp.com (too high fees)
  • https://bc2pp.com (looks good, but not yet test)
  • https://coin2pal.info (not yet test)

Any suggestions?

Another question: Will PayPal freeze my account if i use it for Bitcoin conversions?

Thanks.

Title: Re: Options to Exchange Bitcoin to Paypal?
Post by: ikydesu on June 12, 2015, 08:12:53 PM
The best solution is localbitcoins.
try https://www.virwox.com/ (high fees too, but trusted).

Quote from: brover098 on June 12, 2015, 07:33:19 PM

Another question: Will PayPal freeze my account if i use it for Bitcoin conversions?

Thanks.

No i think.
this is how your paypal account freeze. (http://mywifequitherjob.com/why-paypal-freezes-or-limits-accounts-and-how-to-prevent-this-from-happening-to-you/)


~iki

Title: Re: Options to Exchange Bitcoin to Paypal?
Post by: pedrog on June 12, 2015, 08:42:25 PM
Check out https://usecryptos.com/fees

Also Bit-X, check https://bitcointalk.org/index.php?topic=874312.0 for fee schedule.

Title: Re: Options to Exchange Bitcoin to Paypal?
Post by: Franciem on June 12, 2015, 09:27:08 PM
Is there any option where the fee is less than 10%?

Title: Re: Options to Exchange Bitcoin to Paypal?
Post by: pedrog on June 12, 2015, 10:54:15 PM
Quote from: Franciem on June 12, 2015, 09:27:08 PM
Is there any option where the fee is less than 10%?

UseCryptos: Paypal   1.00 + 6.00 %

Title: Re: Options to Exchange Bitcoin to Paypal?
Post by: tiggytomb on June 13, 2015, 10:25:10 AM
You can sell here on the forums but this can be quite risky

Title: Re: Options to Exchange Bitcoin to Paypal?
Post by: Amph on June 13, 2015, 10:42:12 AM
Quote from: tiggytomb on June 13, 2015, 10:25:10 AM
You can sell here on the forums but this can be quite risky

trust system and escrow are here for a purpose, i don't find it more risky than holding your coins in some radnom or notorious exchange

actually with the right escrow , trading here on the forum is the most secure form of exchanging your money

Title: Re: Options to Exchange Bitcoin to Paypal?
Post by: twister on June 13, 2015, 02:11:33 PM
Quote from: Amph on June 13, 2015, 10:42:12 AM
Quote from: tiggytomb on June 13, 2015, 10:25:10 AM
You can sell here on the forums but this can be quite risky

trust system and escrow are here for a purpose, i don't find it more risky than holding your coins in some radnom or notorious exchange

actually with the right escrow , trading here on the forum is the most secure form of exchanging your money

Actually the real threat when trading BTC to Paypal is charge back and no escrow can secure you from it. But having been said that I have seen people on this forum who are considered trusted to trade using Paypal but OP I'd still suggest you to go slow and trade in small quantities.

Although afaik it can be charged back upto 180 days cmiiw, to me it just sounds like trouble.

Title: Re: Options to Exchange Bitcoin to Paypal?
Post by: XinXan on June 13, 2015, 06:59:02 PM
Quote from: twister on June 13, 2015, 02:11:33 PM
Quote from: Amph on June 13, 2015, 10:42:12 AM
Quote from: tiggytomb on June 13, 2015, 10:25:10 AM
You can sell here on the forums but this can be quite risky

trust system and escrow are here for a purpose, i don't find it more risky than holding your coins in some radnom or notorious exchange

actually with the right escrow , trading here on the forum is the most secure form of exchanging your money

Actually the real threat when trading BTC to Paypal is charge back and no escrow can secure you from it. But having been said that I have seen people on this forum who are considered trusted to trade using Paypal but OP I'd still suggest you to go slow and trade in small quantities.

Although afaik it can be charged back upto 180 days cmiiw, to me it just sounds like trouble.

Yep you can never be too sure with paypal but its kind of retarded that paypal would do this kind of stuff, making life so easy for scammers, i guess they dont like bitcoins but still this is just stupid. On btc-e theres a min of 100€ fee for paypal so if you withdraw 100.000€ you would only have a fee of 0.1% :D

Title: Re: Options to Exchange Bitcoin to Paypal?
Post by: EvenMatt on June 13, 2015, 11:05:58 PM
there almost no possiblity to convert paypal to BTC without any high fees.
this kind of payment method it too risky.
alot of people abuse the chargeback service.

Title: Re: Options to Exchange Bitcoin to Paypal?
Post by: TrianglePythagoras on June 14, 2015, 01:43:58 PM
Coin2pal is legitimate but they buy at really low prices. It's not worth your time. Look on the forum instead.

Title: Re: Options to Exchange Bitcoin to Paypal?
Post by: minterbit on August 01, 2015, 11:10:06 PM
I tested btctopp.com and it worked, but it took hours!

I also tested bc2pp.com and lost 0.1 BTC . :(

bc2pp.com is definitly fake. The transactions of other customers, shown on the home page, will each time randomly generated when you reload the page.
They have also a button which allows you to check whether the transaction has arrived. The button is fake, look at the javascript code:

Code:
	$(".invoice-payment").on("click", ".active-inv", function() {
		var thisactive = $(this);
		thisactive.removeClass("active-inv").empty().append("Checking...");
		thisactive.css("background", "#bbb")
		var checktime = Math.floor(Math.random() * 2) + 2;
		var IntervalcId = setInterval(function() {
			checktime = checktime - 1;
			if(checktime == 1) {
				thisactive.css("background", "#fe3f3f").empty().append("Payment not yet received");
			}
			if(checktime == 0) {
				clearInterval(IntervalcId);
				thisactive.css("background", "#49b69a").addClass("active-inv").empty().append("Confirm");
			}
		}, 1000);
	});

The website has a very similar design to mexbt.com. Not only the design is very similar, texts were also copied:

mexbt.com/en/about/:
Quote
A global team of experts in financial markets, web tech and emerging regions focuses on delivering a high quality experience to our clients when trading Bitcoin.

meXBT is a registered trademark of Exchange of the Americas SAPI de C.V, a company incorporated in Mexico City D.F. and registered at the necessary ministries and official authorities for enabling users to trade Bitcoin for Mexican Pesos and US Dollars.

bc2pp.com/about-us:
Quote
A global team of experts in financial markets, web tech and emerging regions focuses on delivering a high quality experience to our clients when exchanging Bitcoin.

bc2PP is a registered trademark of Exchange of the Americas SAPI C.V, a company incorporated in Berlin, Germany. and registered at the necessary ministries and official authorities for enabling users to exchanging Bitcoin to Paypal for US Dollars.


Title: Re: Options to Exchange Bitcoin to Paypal?
Post by: wolfwere on August 05, 2015, 05:21:24 PM
www.Moneypaktobitcoin.com offers Bitcoin to Paypal exchange, you might want to check it out.

Title: Re: Options to Exchange Bitcoin to Paypal?
Post by: Patatas on August 06, 2015, 02:17:36 AM
you can try virwox though it has high fees but it's trusted and proven, or you can also try here in this forum, there are some trusted users here offering btc to paypal and vice versa in the currency exchange section

Title: Re: Options to Exchange Bitcoin to Paypal?
Post by: jeffthebaker on August 06, 2015, 02:22:27 AM
Quote from: ikydesu on June 12, 2015, 08:12:53 PM
The best solution is localbitcoins.
try https://www.virwox.com/ (high fees too, but trusted).

Quote from: brover098 on June 12, 2015, 07:33:19 PM

Another question: Will PayPal freeze my account if i use it for Bitcoin conversions?

Thanks.

No i think.
this is how your paypal account freeze. (http://mywifequitherjob.com/why-paypal-freezes-or-limits-accounts-and-how-to-prevent-this-from-happening-to-you/)


~iki

What are the fees associated with virwox? I looked into it a while ago and didn't understand the site (had no idea what Second Life was at the time), however now that I understand how the exchange functions, it may be a viable process. If you have any history with virwox you would like to share, that would be great!

Title: Re: Options to Exchange Bitcoin to Paypal?
Post by: healer on August 06, 2015, 05:26:00 AM
I think It's too risky using those exchangers,  PayPal would freeze your account

Title: Re: Options to Exchange Bitcoin to Paypal?
Post by: Christian1998 on August 06, 2015, 03:08:22 PM
Use Bank withdraw instead!

Title: Re: Options to Exchange Bitcoin to Paypal?
Post by: DARKCHANGE on August 06, 2015, 03:42:07 PM
Paypal closed down my account because one of my buyers on Localbitcoins included the word 'Bitcoin Trade' in the transaction reference. The operator on the phone also was not really nice and told me Bitcoins are not allowed to trade with PayPal as many criminals would use this currency for fraudulent purposes.

I told him that I verify my clients but he didn't care.

I can't recommend PayPal for trading Bitcoins, no matter if buying or selling.

There are many better alternatives that have no problems with Bitcoin, eg Payeer.


Title: Re: Options to Exchange Bitcoin to Paypal?
Post by: Xialla on August 06, 2015, 04:01:08 PM
it is always tricky to exchange bitcoin to paypal USD, because paypal transactions are reversible and bitcoin transactions not.

if you really want to sell your BTC (and I can't recommend you to do it at current price), best way is to use this forum with some reputable escrow or use localbitcoins. well, best of the best way is to store and hold them.

Title: Re: Options to Exchange Bitcoin to Paypal?
Post by: ShopemNL on August 06, 2015, 07:38:50 PM
You brought me onto an idea for a new service since the demand is so high :)

You can use www.bitbill.eu aswell. If you fill in paypal : [your-paypal-address] as payment reference we will sent you eur/usd to paypal.

We only ask 1% + 0.95€

Title: Re: Options to Exchange Bitcoin to Paypal?
Post by: thinkinger on August 08, 2015, 03:58:23 PM
Quote from: ShopemNL on August 06, 2015, 07:38:50 PM
You brought me onto an idea for a new service since the demand is so high :)

You can use www.bitbill.eu aswell. If you fill in paypal : [your-paypal-address] as payment reference we will sent you eur/usd to paypal.

We only ask 1% + 0.95€
what is that idea.can we learn. a site like localbit ?all new ideas are appreciated by me.it has beenbeing said global world , but btc made it global for small traders. all new ideas will help us all.


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