Bitcoin Forum

if i have paypal i can receive bitcoin on it ?

No.

And most Bitcoin people don't like paypal and won't use it for anything Bitcoin related.

damn , i heard bitcoin is really fast service.

Paypal steals peoples money;

bitinstant.com

best way to get bitcoin fast

i`ll create an account now :)  thank you guys .

Almost everyone will pay for BTC with PayPal, few will sell BTC for PayPal, unless they think they can get their money out before it's chargebacked up to 180 days later.

I have a questions. Is it better to have a bitcoin account or a paypal account? Or both?

both, why not? It's free.

paypal is *not* free, especially if you count having your assets frozen as a cost.

E&G, it's free to open the account!! ;D

paypal : free to take your money

Paypal and Bitcoin are different in many aspects, I think it is not comparable. But Paypal is useful yet, sometimes. Even to buy Bitcoins and make some arbitrages. (in my case, for example, that's hard to me to buy MtGox directly).

paypall all dayyyyy

Ok that is fairly easy to understand. My next and last question is, What is or what would be the conversion rate from $ to BTC or vice versa? Or am I going to far off topic.

It changes constantly since it is traded on an open market.  You can see the current exchange rate from several online exchanges in various currencies here:

http://bitcoincharts.com/markets/

Avoid PayPal like the plague. They rob your money. My son right now has over $50K USD stolen by PayPal that they say they are going to keep frozen for 6 months "in case he has any chargebacks." F*&*n thieves rob your money and they invest it earming interest while they screw sellers.

This video is 100% true. I only still use them for sales on eBay because that is what so many people use to pay there. Otherwise I would not touch PayPal with a 10 foot pole.

http://www.youtube.com/watch?v=wV2fk56ktVE (http://www.youtube.com/watch?v=wV2fk56ktVE)

Beautiful that is what I was looking for Thanks.

Paypal is a thief. They just wants to fill their pocket. My wife got scam, they didn't do anything but took her money away & shut down her paypal account. They even charged her the dispute fee which they actually didnt do anything.

I'm seeing a lot of horror stories from paypal but it seems like mostly people selling. They seem to be pretty buyer oriented when it comes to chargebacks etc, is my assumption right?

It's essentially the same thing. If the seller has a significant risk of being ripped off by the payment processor, they'll have no choice but to pass that cost on to the buyer. That why if you try to buy Bitcoins and pay with PayPal, you'll wind up paying more.

It leads to a death spiral. Say Bitcoins are selling for $10 each. But due to the additional risk, I'll have to charge $12 if you're going to pay with PayPal. Well, scammers don't care if they have to pay extra because they aren't actually going to pay anything. But this will cause some legitimate users to go to in person or major exchanges instead. So my ratio of scammers to legitimate users will go up. Soon I find that $12 isn't enough and I have to charge $14. Scammers still don't care, so I don't get rid of any scammers. But now, even fewer legitimate users are interested in using PayPal, so the price again has to go up.

It's easy to end up losing either way if the opponent is determined to scam you, no matter if you're buying or selling. Scammy sellers could set up anonymous cards from Russia and withdraw once the transaction is done, leaving the buyer cold. Scammy buyers could reverse charges easily, as we all know.

The benefits of BTC far outweigh those of Paypal. With BTC's, you don't have to worry about chargebacks and anything like that. Paypal, you get charged back frequently when you're dealing with the blackmarket and forums that revolve around trading. Paypal charges fees as well, and there is microscopic fee's for BTC users. The only thing that I'd say PP has over BTC is security (I've heard of wallets getting hacked, and people losing their BTC's) and stability, and wider variety of usage. I'd say if BTC were to be accepted in a wider variety of places, the price would flatten out and become a lot more stable.

I don't recommend to mix bit coins with paypal. You can also get a chargeback very easily

In any market it is the buyer that ultimately pays. When sellers get screwed by paypal then they add a premium to their prices to cover this "overhead" of doing business. Some more than others, but it averages out to a percentage. So all buyers pay this percentage more to have "intermediaries" like paypal in the loop,

I will be nice to see paypal join the typewriter on the scrapheap of history.

Compare the content at paypalsucks.com with bitcoinsucks.com - which sucks more?  :D

you can exchange paypal for bitcoin with people, and in my opinion each one have his false and pros

Since I have switched to bitcoin I have not used Paypal. IMO, it can't touch bitcoin.

This is a terrible idea.  Do not try this.

$50K ?? Do you think you will get your money back ever?