Bitcoin Forum

Looking to buy 1 BTC through PayPal using my CC before kickoff tonight.

I realize I am new and am willing to pay a reasonable premium.

Nobody's going to risk doing that unless you have extensive reputation and a trading history that shows you won't end up filing a chargeback with your card.

PayPal is a reversible payment method. Hence, I doubt, anyone will risk 1 BTC for some premium amount.

I get that. But it is difficult to get a good history if no one is selling.

Go to Localbitcoins.com and see if anyone is selling for paypal.

Alternatively you can go to https://wesellcrypto.com/ and purchase with paypal there.

Word of caution though to all users considering this trade:

PAYPAL is reversible. BTC is not. This guy could easily scam you given this setup of trade and I'd personally advise that you avoid such trades like this with new users.. as most new users are just puppet accounts for scammers looking to pull a fast scam on an unsuspecting user..

Use your head, don't accept paypal for trades.. (Unless you are trading with a trusted person)

You can go to circle.com and use your credit card to get bitcoin.  Alternatively, I don't think you can use a credit card (although not totally certain if WU takes them), but I would be willing to head to my local Western Union office in the next hour or two and pick up money and give you bitcoin if you want to do that.

This is what annoys me about Bitcoin.

I come and post in a Marketplace and no one wants to do a deal because I don't have a history of doing deals. How the hell can I have a history of doing deals if no one will do a deal?

Sure, PayPal is reversable, but if I send someone money with my address in the notes box on the transaction, and they have a screenshot of their wallet sending me the money - there is next to no chance I am winning that dispute and my account gets flagged. Also, little does anyone mention the seller not sending BTC in return AFTER getting the funds. I am putting just as much trust in someone who I agree to do a deal with as they are putting in me. The trust is all in the seller in fact as the seller is the one who gets funds first!

I don't get it.


For the record on LocalBitcoins there are very few sellers in my country. I bought the balance of one seller and another is charging 27% fee for a cash transaction - which is absurd. Amazingly, he has over 3,000 transactions in his history.

You'd be surprised. PayPal is VERY, VERY, VERY anti-bitcoin and any trade with bitcoin can be charged back.

Your statement about reversals is completely wrong.  Regardless of evidence provided, submitting a claim will result in a reversal of funds.  Hands down, no contention.  The way to get trust and get a history is to do deals that are safe first.  You cannot come in and want someone to risk over $300 sending money to an account that is less than a month old, then get mad that no one wants to deal with you.  You need to start out doing deals with non reversible methods and using escrows as middlemen.  You also need to spend more time learning the ropes and how things work and contributing to gain trust.  As the seller, you are putting no trust in anyone through a Paypal transaction, because you can always reverse and always win.

Also, its weird that you note that no one will deal with you, but you magically somehow "know" how paypal/bitcoin transactions work?  That is a huge red flag for me, and if I didn't know any better, that statement just seems like a cry out to get someone to feel bad for you so you can scam them.  I offered you other viable options, even ones you can use a credit card for, and you still got mad.  Honestly, my scam radar is rising the more and more I think about this.

I have done deals on Twitter with other people through PayPal after they sent me a request for cash.

Presently doing a deal with someone from here who PM'ed me.

Also, for the record, I don't really care what method it is, if there is a better one, that is fine by me. I just want BTC to get down on the game tonight. If it is PayPal or delivery from a restaurant, it really does not matter as long as it doesn't take a few hours of waiting to get it done.

But what if you hacked someone's Verified PayPal account or used a real person's stolen identity and Credit card to verify your Paypal account?

Hmmm???

Accept it buddy...nobody will trust you in here! ::)

Again...tough to get any transactions done to build a history if everyone assumes lack of transactions instantly equals identity theft and fraud. Might as well lock the "Marketplace" to those with 500 posts or more and a year of registration on the website.

Or do KYC and like many exchanges are now doing and ruin the purpose of Bitcoin.

yes, tough to get them done your way which involves an irreversible method. Not so hard to get them done if you use escrow, but you don't seem willing to do that.