Bitcoin Forum

Is it even possible? I tried to Google and found some answers, but I don't trust Google, I want user experience.

I once used unichange as a way to transfer bitcoin to my paypal account. Although the price rates are fairly small but unichange gives me security in every transaction. You can visit this address:  https://unichange.me/in/order/bitcoin_paypal_usd  hope you like it .  ;)

Is this trustworthy? I want also to avail the services offered by this site but I an worried. Where is this site based? there are many users already? Will consider this site, I need more inputs and feedback. tia

I dont see the option in Unichange to exchange from Paypal to Bitcoin, i can only see Bitcoin to Paypal.

Anyway, why don't you withdraw the paypal funds and use the funds to purchase Bitcoin instead? As far as i know, The fee to exchange Paypal to Bitcoin is usually high, you can look at marketplace for people who are willing to exchange your paypal for bitcoin.

Probably dealing with our trusted forum members would be the best and secured way for cashing out bitcoins for PayPal. I do not see any service providers is sustaining with PayPal methods as there could be lots of chargebacks might enforce them to discontinue it.

If you check in the Exchange services thread, you can find people in here willing to exchange your Bitcoin into Paypal. You'll have to trust them though, as they can request a refund. The good thing is you'll generally get quite a bit more value for your coin.

Doesn't feel secure enough? Look for trusted Paypal exchangers on localbitcoins.

But a service provider may use PayPal to pay their customers and accepting payments from users only will be a big problem to them. Still we cannot see exchanges and other services are not using PayPal as one of the option to cash out from them. There reason would be PayPal will freeze funds and will ask documents to release funds.

I have sold my bitcoins to few forum members in the past and all went good. Just choosing trusted members for this will solve all the problems. Escrow will be another good thing to safeguard.

I don't think there are any legit Bitcoin to PayPal exchanges. Scammers have made it impossible to directly buy BTC with PayPal or vice through since PayPal is shutting down accounts of such exchanges because of many instances of fake chargebacks and scam accusations.

There was CoinPal, the most legit BTC/PayPal exchange, but shut down because of PayPal fraud, https://bitcointalk.org/index.php?topic=93770.0

1. Deal with trusted forum members.

2. Choose one of these methods, https://99bitcoins.com/buying-bitcoins-with-paypal-a-practical-guide/

VirWox is reliable, but too high fee, chances of getting scammed are high through LocalBitcoins, same with Paxful.

Recommended is dealing with one of the trusted forum members or VirWox.

Thanks for the replies everyone. I guess trusting someone here is the only way. BTW I'm not trying to use Paypal to buy Bitcoin, I'm trying to cash out my Bitcoin to Paypal :)

all exchange with Paypal are bad

you may take a chargeback of Paypal, and you will bear the extra price which compared to the market.

There’s no need of thanks. This forum is trustworthy and you can ask anything anytime. I will suggest you the same. Using PayPal to cash out bitcoins is a smart move though. But I won’t recommend you to do bitcoin trading at PayPal. If possible for you, use bitcoins more than this PayPal for payments and online transactions.

Let me give my instance to you. You should try VirWox but it charges fee from you and the fee relatively high, I need to tell you. But the system is really fast and there is no risk of getting scammed, which is very important.

Would be better to go to exchange section and meet the trusted people to exchange your Bitcoin to paypal and vice versa . Make sure to read the trust history of the trade of that member and contact them politely  to exchange your Bitcoin with good price.

paypal is a reversible payment processor. but some exchange site accept paypal as a payment processor. you can try
https://localbitcoins.com/ and https://paxful.com/ Both are being used for exchange. just sign up a account and try to exchange with other person. Never try to cheat with anyone, then you may lost your  account.

I use Paypal for a lot of stuff, but how does it work with taxes? How much or do I even get to pay taxes when I sell my BTC for cash?

I'm not sure about the effectiveness of the charge back features, but have come across lot of traders posting their trading ads on localbitcoins with paypal acceptance. Here the buying and selling margin varies little than the other gateways. Here complications in using PayPal is low as localbitcoins is one among the top trusted trading platform.

Like what Paypal is what to do with bitcoin ???

Newbie

I dont have too much trust on websites offering this Bitcoin> Paypal transactions just like been said above the site given i would not use their service and would rather to transact with legit people. I have tried to transact with this kind of exchange which go smooth and no problem at all as long its legit you wont be on doubt regarding on cashbacks.

I would not recommend you to go with BTC/Paypal unless you have someone with high trust on the other side because Paypal has buyer protection policy which enables buyer to retrieve sent payment even after several weeks so even if you are using escrow, there is high risk involved in such transaction so beware of going with any unknown exchange. This is the reason why no one usually trades in BTC/Paypal.

Yeah but the buyer can't just contact Paypal and get their money back. It doesn't work that way.
He has to prove that the goods were not delivered to him. You just need to make sure the reason, for example let the buyer write in a message the amount of Bitcoin purchase and to which adress, and then you just take a screenshot of your transaction on the amount and the adress delivered. Now I don't know Paypal stance on Bitcoin, but this should be enough proof that the transaction has taken place.

Well when I have $Paypal to sell, I usually trade with somebody else in this forum, just create a thread in Service section, someone will come and you will need an escrow service to make sure that you won't lose your money. Or else, you can find your suitable way Here (https://99bitcoins.com/buying-bitcoins-with-paypal-a-practical-guide/)
I hope It benefits you.