Bitcoin Forum

Economy => Trading Discussion => Topic started by: iSleepyFTW on September 20, 2012, 09:14:09 PM



Title: Easy Mt.gox to paypal
Post by: iSleepyFTW on September 20, 2012, 09:14:09 PM
New in the bitcoin world (kind of, 6 month), first time I had a amount above 0.001 BTC to echange on mtgox so I don't know how to transfer a money on mt.gox to a paypal account (15 yo, no bank account). What's the easiest way in your opinion ?

Thanks


Title: Re: Easy Mt.gox to paypal
Post by: SysRun on September 20, 2012, 09:16:35 PM
dwolla


Title: Re: Easy Mt.gox to paypal
Post by: TangibleCryptography on September 20, 2012, 09:17:43 PM
FastCash4Bitcoins

https://fastcash4bitcoins.com


Title: Re: Easy Mt.gox to paypal
Post by: iSleepyFTW on September 20, 2012, 09:25:10 PM
Can't use dwolla because of country (account activating, if you know how to do without an US phone number, please tell me)
Can't use Cash4Bitcoins, minimum payout 20, don't have that much


Title: Re: Easy Mt.gox to paypal
Post by: isis on September 20, 2012, 11:04:11 PM
FastCash4Bitcoins

https://fastcash4bitcoins.com

Hey while it's up here.  How come every time I go to make a xfr through FastCash the maximum is always 0?  Liquidity issue or just not setup yet?


Title: Re: Easy Mt.gox to paypal
Post by: TangibleCryptography on September 20, 2012, 11:09:50 PM
Supply vs Demand.  The demand for our service outstrips out working capital.  The closure of bitfloor didn't help in that respect. A frustrating problem but I guess it is better than the reverse.

It can vary.  For example right now we have PayPal, OKPay, and MoneyPaks available but no bank (check, ACH) funds or Dwolla. 


Title: Re: Easy Mt.gox to paypal
Post by: Stephen Gornick on September 21, 2012, 06:56:22 AM
New in the bitcoin world (kind of, 6 month), first time I had a amount above 0.001 BTC to echange on mtgox so I don't know how to transfer a money on mt.gox to a paypal account (15 yo, no bank account). What's the easiest way in your opinion ?

Well, cashing out bitcoins to PayPal is easy because there's no risk to the buyer who is sending payment to you.  However, you are at risk of getting cheated by someone.

That's one reason commercial services that offer this are recommended, as they have a history of trust.

The problem is if you have just a small amount to withdraw, your choices narrow.

One automated method is:

 - https://www.nanaimogold.com/pp_exchange.php

However their fee is pretty hefty, especially as it follow an exchange rate that is not in your favor.  However, for a small amount of coins, this might be a convenient method.

You didn't mention where you are located.  Bitcoin Nordic also does cash out to PayPal. but only for EUR and DKK.   Minimum 1 BTC:

 - https://bitcoinnordic.com/sell/

VirWoX also does cash out to PayPal.  I don't know if they have a minimum:

 - http://www.VirWoX.com

And if none of those work well for you, there likely are plenty of willing traders on #bitcoin-otc but again, consider the trust history of your counterparty.

 - http://bitcoin-otc.com/


Title: Re: Easy Mt.gox to paypal
Post by: iSleepyFTW on September 21, 2012, 03:07:13 PM
Thank you guys, will try these sites this WE


Title: Re: Easy Mt.gox to paypal
Post by: Jermainé on September 24, 2012, 08:58:45 PM
dwolla

+1


Title: Re: Easy Mt.gox to paypal
Post by: nanaimogold on September 25, 2012, 07:07:02 AM
This just works; fully automatically, 24/7
https://www.nanaimogold.com/pp_exchange.php
No sign up,
no ID,
no questions beyond value and PP email
and a promise of no spam.