Bitcoin Forum

Anyone Interested In Buying Bitcoin With Paypal? Email me at swordtoplaysharesomega3@yahoo.com if your interested in buying Bitcoin with Paypal.

 I am selling  0.25, 0.5, and 1.0 Bitcoins. You can pay incrementally for added protection if you chose to deal with me. For example if you want to buy 1.0 Bitcoin for X amount of Dollars from me. We can break it down to 2 or more transactions. That way you can verify that I have actually delivered the amount you paid for before giving me more money. So if you want 1 Bitcoin we can break it down to 2,3, or 4 transactions. I will break down 0.25 Bitcoin into 2 transactions if requested and I can break down 0.5 Bitcoin into two 0.25 transactions. My goal is to build trust.

For example if you want 1 Bitcoin we can break it down to 4 transactions of 0.25 Bitcoin. Where you pay $40 each time. I'm not willing to break it down farther than 4 transactions because than it would be too time consuming.

I will accept payment from Verified Paypal Accounts only.

You will receive your Bitcoin within hours of your Paypal Payment. My goal is to build trust so that way can be regular exchange partners. I will not sell more than 1 Bitcoin per person until it has been 72 hours after a successful transaction. For example if you buy 0.5 Bitcoin from me via Paypal after 72 hours I will allow you to purchase up to 3 Bitcoins per week from me.

Please send the funds as a gift, that way I can avoid 3% Paypal fees.

I am selling Bitcoin at $160 per Bitcoin. Which I believe is reasonable as it is significantly lower than ebay prices.


http://www.ebay.com/itm/321134778320?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1438.l2649
The above auctioned ended at $222.50 on May 30, 2013

http://www.ebay.com/itm/251283035897?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1438.l2649
The Above Auction ended at $178.50 May 31, 2013

Buyer beware: (read: newbies beware)

Paying for something as a gift has all the smells of a scam.  Even more so that it's from a guy with 3 posts here and is a newbie himself.  Why would paying so much above market rate make any sense anyways if he's already avoiding fees by making you pay for it as a gift?

This smells..

Sending as gift makes it harder to get your money back *if* he did scam you.

Stick to exchanges/escrow and stay safe.

Too expensive.

If you're willing to sell for $110 per bitcoin, then I'm interested in buying and can pay with PayPal.

Well that's crazy cause that's under Mt.Gox Market value by $20.

I will scam you harder than you can scam me mofo.

I'm selling bitcoins on ebay. If anyone wants to buy from me via ebay I will give them my listing info with a buy it now price. The problem with ebay is they charge seller's 10% fees, plus 3% paypal fees and initial insertion fees. I'm asking as a gift for 2 reasons. One if its not a gift how do I prove to Paypal I actually delivered it in case someone files a case on me. I doubt Paypal guys even know what block chain info is.

The other reason is I skip out on 3% paypal fees.

when you purchase anything in paypal and its sold to you as a gift (to avoid paying fees) you also lose protection as a buyer. That means if you don't get anything and claim a refund then you may or may not get your money back.

A PSA for noobs:  If the seller agrees to escrow then you have little to lose (other than high price) with this deal.  If the seller doesn't well your alarm bells should go off.  If you use escrow make sure the person is reputable like John K and also make sure it is actually escrowed.  Your payment address should come directly from the person providing escrow.

To the OP just a warning:
Excessive use of "gift" payments will result in PayPal taking a close look at your account.  In the real world nobody gets hundreds of gifts from people all over the planet.  Do you know anyone like that?  Pretty easy for PayPal to pick out the unusual activity and they will eventually.   How much is too much?  Well that is likely something you won't find out until after the fact, like an overdose.  Ooops that was too much.

Which is why the buyer should insist on escrow with a reputable person.  

You send BTC to escrow.
You pay seller.
You notify escrow.
Escrow sends BTC to seller.

Everybody wins.

This isn't a scam though I understand the skepticism. I'll offer to sell 0.1 Bitcoin for $16 just to establish some sort of reputation.


Not sure how Bitcoin escrow works. Otherwise I'd accept that as a means of insurance for both parties. Perhaps it's something I will look into. I'm new to bitcoin. Just looking to sell my Bitcoin via Paypal without having to go through ebay as they charge 10% final value fees on top of their initial insertion fees. Also I'm looking for fast turnover. Guess I'll stick with ebay for now.


If anyone has an ebay account and wants to buy bitcoin from me email me and I can create an auction especially for you with a low $1 buy it now price. Once you buy it now for $1 and send money via paypal as a gift I will deliver your bitcoin. This is to bypass fees. I have 100% positive rep on ebay and I use to sell US coins before I got into bitcoin. I'm not going to ruin my ebay account over $160 dollar transaction it's worth a lot more to me than $165.

These are my ebay auctions.
http://www.ebay.com/itm/261220607135?ssPageName=STRK:MESELX:IT&_trksid=p3984.m1555.l2649
http://www.ebay.com/itm/261220609913?ssPageName=STRK:MESELX:IT&_trksid=p3984.m1555.l2649

I doubt this is a scam as anyone can simply do a chargeback through Paypal

OP be careful.

Where is this escrow service available? I'm new to the whole bitcoin scene. What I do have is an account with Mt.Gox and am willing to sell Bitcoins via paypal for a premium to those who don't want to or can't deal with Mt.Gox. I'm willing to go down in price to $145 which is only slightly above Mt.Gox price is someone is really interested in using me as a go between. I think $145 is a fair price given the international Bank Wire fees involved for funding Mt.Gox accounts.

I have doubts about you, read my original post. What did I say about this? Do you not read the thread before posting?

Guys if you want to do this a proper way you do this through ESCROW and here is a system set up by a reputable member:

https://bitcointalk.org/index.php?topic=219412.0

Tell him Jag sent you, he will hook you up with a referral discount.

Here is a list of forum members that have some experience and reputation holding escrow.  The most well known and trusted is probably John K, but for small amounts, I'd trust anyone on the list.

Escrow list (https://bitcointalk.org/index.php?topic=108716.0)

https://bitcointalk.org/index.php?topic=108716.0

No I just assumed it was another junk thread.

Which it is.

But you are right: OP may well be a scammer. What a surprise this thread is useless and will result in someone being scammed.

This is too expensive.

33% extra over mtgox...

If you can only buy through Paypal, you can do the whole thing through VirWox (PAYPAL > SLL > BTC) and it'll end up costing mtgox + 10-15%.

I want to buy 2 BTC using PayPal or ZAR.
I am willing to pay curent market price 2 x $70 = $140 + $5 fee = $145.
I must convert ZAR to the currensy I will be buying in, so it can be other than USD too.

I am VERY interested. Can send money with my verified paypal account no problem. let me know THanks

I just bought .72 bitcoins for $88 $AUD (76 USD) from virwox.com?r=312d1 (http://virwox.com?r=312d1)  .The commissions a bit steep but you can pay instantly through PayPal. Just set the account up, deposit $, £, or €. Then exchange $,€,£ to SSL (Linden dollars) then from SSL to bitcoins.

Am I crazy or are Bitcoins not even close to $160? Mt Gox says that the last price was $89. Why would anyone pay through such a sketchy method and pay almost double the price? There's a good chance that you won't be able to make your money back at that price for months or even years. And that's supposing that you don't get scammed right off the bat.

Does anyone have any physical BitCoins for sale?

I am interested in buying BTC. I can pay via PayPal verified.  I also can pay by MoneyPak.  I will want to use an escrow.

too expensive. I wonder who will make deal with you

What about using this exchange method instead? Anyone have any experience with it?
http://bitcoinwithpaypal.com/

Anyone paying with PP is going to be paying at least a 5-6% premium just b/c of fees.  Plus probably another at least 10% because of the risk the seller is taking.  Why would you even consider it?  There are a lot more options out there that can get BTC to you cheaper and faster.  Most higher fee services have the advantage of fast transfers, but now that there are so many other options for near instnat transfers out there, there is no reason to pay these high fees!

Thanks, that post cleared up a few things for me. Steep learning curve, as I don't want to get TOO excited and get burned. But how awesome to be in on the next logical step in currency!

Thanks for the reply, could you link me to a few newb friendly options for turning Paypal funds into BTC?

It's really unsafe to do this kind of trades. I'd rather use an exchange / SEPA

The safest way is through VirWox,  what's featured in your link. You can day do it anytime, just with Paypal. Fees will be high.

Otherwise, you can try localbitcoins.

Did you not read what you just quoted/what I just said?

There is ABSOLUTELY NO REASON to be buying BTC with PP anymore.  IF you need BTC quickly, there are things like bitinstant and coinbase now that deliver BTC within an hour (both may require some pre-registration waiting times, but PP requires you verifying your account as well).

The absolutely cheapest method I can find right now is US Bank --> Dwolla --> CampBX.  CampBX's website is infuriatingly slow, but the total cost to you is 0.55% plus 25 cents.  This takes about 3-4 days.  If you need it faster, you can use Dwolla's credit system, or overnight a USPS money order to CampBX.  Even a money order (which will cost you about 1.50) plus the overnight delivery (about 18 bucks) will allow you to buy $1000 worth of bitcoins for only $20 in costs. That 2% is a lot less than the minimum 5-6% markup of PP plus an additional 10-20% or more for the risk the other party is taking!

THERE IS NOT REASON TO USE PP TO BUY BTC anymore!!!

Stop that crazy talk.

Reality check: Half the world can't get a US or EU bank account. Sad as it is, for some, Paypal is the still one of the few ways.

That was just one example!  I used a US bank account as an example because that's where I live.  But the fact is that there are a lot of options that people have already come up with other methods that are cheaper and/or faster than paypal.

I asked for methods of PP to BTC exchanges because I have existing funds in my Paypal account I would like to exchange.
Also I'm not American or European so can't exactly wander down the street and open a BTC friendly bank account  >:(

There are reputable, affordable PayPal/BTC exchange vendors on this forum if you spend some time searching for them, but this does not seem like one of them.

Unfortunately BitInstant went down so I've had to find an alternative instant method and PayPal is as good as it gets, especially with the right seller. Yeah, there's tons of scammers out there and PayPal is probably the easiest way to get scammed but you should only do business with reputable members.

Anyone can buy Bitcoins using https://www.virwox.com/?drgn=2? But please go through conversion rates before you think of buying

1) yo need to deposit using paypal
2)trade SLL for USD
3)Trade BTC for SLL

Now that you have bitcoins, you need to go through transaction fees and trading cost only to check that you are profitable

Scam!

You only have to wait the first time with VirWox. They're not a scam and it works perfectly well. I made a chart to track the price after deposit, withdrawal and double transaction fees, and I was surprised to see that it's sometimes lower than the market price. It's available at http://caktux.ca/virwox (http://caktux.ca/virwox)