Bitcoin Forum

Economy => Trading Discussion => Topic started by: adam15229 on February 12, 2014, 05:38:09 AM



Title: Is there a way/method to buy bitcoins using paypal?
Post by: adam15229 on February 12, 2014, 05:38:09 AM
?


Title: Re: Is there a way/method to buy bitcoins using paypal?
Post by: davidv on February 12, 2014, 07:00:25 AM
Yes Use Virwox. Buy Linden dollar and exchange for Bitcoin. Visit my website for referral link please :-) I wrote an artical on how to buy Bitcoin with severral payement methodes. (Dutch but with Google translate)


Title: Re: Is there a way/method to buy bitcoins using paypal?
Post by: undeadbitcoiner on February 12, 2014, 07:01:54 AM
Yes there are a lot but you must prove that you are the rite person of such account, Mean you need to provide you ID one time so you can trade.


Title: Re: Is there a way/method to buy bitcoins using paypal?
Post by: 5flags on February 12, 2014, 07:10:20 AM
Place an ad on LocalBitcoins.


Title: Re: Is there a way/method to buy bitcoins using paypal?
Post by: bomb7 on February 12, 2014, 07:16:08 AM
I used Virwox a few times at the beginning. They charge some nasty fees but you can get bitcoins. First you send USD or Euros with paypal, then you convert it to SLL (the currency for Second Life - that virtual reality game), then convert it to BTC and send the BTC to your wallet.

There is a small limit on the amount of money you can deposit per day and per month on Virwox. I think it is about 100 USD per day and 300 per month when you are a new member.


Title: Re: Is there a way/method to buy bitcoins using paypal?
Post by: bryant.coleman on February 12, 2014, 07:50:10 AM
I have used VirWox... the premium is around 5%... but it varies, depending upon the availability.


Title: Re: Is there a way/method to buy bitcoins using paypal?
Post by: Lucky Cris on February 12, 2014, 07:53:26 AM
VirWox any day over LocalBitcoins. You'll definitely pay a premium on LBC. You don't have to provide ID with VirWox but your paypal must be verified (same thing, right).


Title: Re: Is there a way/method to buy bitcoins using paypal?
Post by: Meuh6879 on February 12, 2014, 08:23:38 AM
I used Virwox a few times at the beginning. They charge some nasty fees but you can get bitcoins.

14,6 % for an exact perspective.
(9% if you have the level 3 grad).


Title: Re: Is there a way/method to buy bitcoins using paypal?
Post by: DeathAndTaxes on February 13, 2014, 12:30:56 AM
if you're into bitcoin for the long term, we could sign a contract where you'd get the bitcoins after 180 days from payment (longest paypal chargeback period I know of) when it's quite safe to release bitcoins for paypal payment. if the payment is charged back in the mean time, contract is void. it's that easy. i would even move the coins for you so they have a footprint in the blockchain just would not let you have the private key sooner. sorry but paypal is really bad money to buy bitcoins with.

if you search the forum you might find sellers releasing coins immediately but they are rare and usually won't deal with users without a background check (ebay id with feedback, verified paypal account, web of trust rating, successful trades with forum members in the past).

if paypal is your only option, then the 14% fee via virwox might be the way to go (and be happy to buy bitcoin with pp at all)

You would still get scammed.

Buy $x worth of Bitcoins using PayPal.  If the exchange rate goes up don't dispute.  If the exchange rate goes down file a dispute.  Guaranteed profit for the scammer, either he gets $x back or he gets >$x worth of BTC.


Title: Re: Is there a way/method to buy bitcoins using paypal?
Post by: supersajin on February 16, 2014, 02:26:52 PM
I'd check out this post before you do btc/paypal business!!
https://bitcointalk.org/index.php?topic=448847.0


Title: Re: Is there a way/method to buy bitcoins using paypal?
Post by: m3 on July 07, 2014, 01:11:53 PM
You should try using localbitcoins. The following article explains a good way to do it. http://www.btcfeed.net/tutorials/how-to-convert-paypal-to-bitcoin/ (http://www.btcfeed.net/tutorials/how-to-convert-paypal-to-bitcoin/)


Title: Re: Is there a way/method to buy bitcoins using paypal?
Post by: ruggedman_dan on July 28, 2014, 07:17:41 AM
steer clear of paypal please.

There are better, possibly less convenient options. But all are better than paypal.


Title: Re: Is there a way/method to buy bitcoins using paypal?
Post by: oceans on August 28, 2014, 04:44:31 PM
Virwox is one I would recommend however I would be really careful when dealing using PayPal no matter how you do it as transactions can be reversed leaving you out of pocket.


Title: Re: Is there a way/method to buy bitcoins using paypal?
Post by: Timetwister on September 02, 2014, 04:27:41 PM
Yes, Localbitcoins for example. But they will charge you a big premium because of the charge back risk.


Title: Re: Is there a way/method to buy bitcoins using paypal?
Post by: Edward_Cryptonit on September 02, 2014, 07:27:29 PM
Cryptonit offers an option to deposit via Paypal for verified users: https://bitcointalk.org/index.php?topic=735931.0

Should you have any questions, feel free to let us know.

Regards
Edward


Title: Re: Is there a way/method to buy bitcoins using paypal?
Post by: Victoo on September 03, 2014, 08:27:23 AM
Your only option seems to be virvox for now. You could place an ad on localbitcoins but chances are very less to find a bitcoin seller because you have no feedback there.


Title: Re: Is there a way/method to buy bitcoins using paypal?
Post by: misscointamer on September 04, 2014, 04:26:32 AM
I heard paypal has been blocking accounts if you are transacting anything related to bitcoin. Is this true?


Title: Re: Is there a way/method to buy bitcoins using paypal?
Post by: Timetwister on September 04, 2014, 07:13:50 AM
I heard paypal has been blocking accounts if you are transacting anything related to bitcoin. Is this true?

Yes, it isn't worth using Paypal for buying nor selling bitcoins, you'll only find trouble.


Title: Re: Is there a way/method to buy bitcoins using paypal?
Post by: cryptofan5 on September 04, 2014, 10:41:16 AM
I would be very cautious of paypal. They are notorious for reversing payments.


Title: Re: Is there a way/method to buy bitcoins using paypal?
Post by: homm88 on September 04, 2014, 05:20:05 PM
if you're into bitcoin for the long term, we could sign a contract where you'd get the bitcoins after 180 days from payment (longest paypal chargeback period I know of) when it's quite safe to release bitcoins for paypal payment. if the payment is charged back in the mean time, contract is void. it's that easy. i would even move the coins for you so they have a footprint in the blockchain just would not let you have the private key sooner. sorry but paypal is really bad money to buy bitcoins with.

if you search the forum you might find sellers releasing coins immediately but they are rare and usually won't deal with users without a background check (ebay id with feedback, verified paypal account, web of trust rating, successful trades with forum members in the past).

if paypal is your only option, then the 14% fee via virwox might be the way to go (and be happy to buy bitcoin with pp at all)

You would still get scammed.

Buy $x worth of Bitcoins using PayPal.  If the exchange rate goes up don't dispute.  If the exchange rate goes down file a dispute.  Guaranteed profit for the scammer, either he gets $x back or he gets >$x worth of BTC.

To be fair, someone with malicious intent will scam even if the exchange rate goes up. So I don't think that helps.


Title: Re: Is there a way/method to buy bitcoins using paypal?
Post by: Get.BTC.Now on September 08, 2014, 01:58:58 PM
Localbitcoin is far worse compared to Virwox. Ive been using Virwox in my gambling days.


Title: Re: Is there a way/method to buy bitcoins using paypal?
Post by: dKingston on September 08, 2014, 09:06:17 PM
The way to buy bitcoins using paypal is virvox. You could place
an advert on localbitcoins, but I think it isn't advantageous using
paypal...


Title: Re: Is there a way/method to buy bitcoins using paypal?
Post by: BJay87 on September 10, 2014, 05:44:48 AM
There is a way sir. You can google it. I think one way is thru localbitcoin. I tried purchasing btcs thru paypal before.


Title: Re: Is there a way/method to buy bitcoins using paypal?
Post by: leannemckim46 on September 10, 2014, 11:38:44 PM
The way to buy bitcoins using paypal is virvox. You could place
an advert on localbitcoins, but I think it isn't advantageous using
paypal...

The only real way to buy bitcoin via paypal anymore is via virvox. If you try to buy bitcoin via LBC it is likely that no one will accept your offer as it would be extremely risks for the seller of bitcoin.


Title: Re: Is there a way/method to buy bitcoins using paypal?
Post by: toothpick on September 11, 2014, 07:27:32 AM
I sell bitcoins for PayPal. PM me for details if you are interested.

Posted From bitcointalk.org Android App


Title: Re: Is there a way/method to buy bitcoins using paypal?
Post by: wasserman99 on September 15, 2014, 01:33:14 AM


"PayPal has announced it will start accepting Bitcoin..."
https://bitcointalk.org/index.php?topic=494708.msg8750525#msg8750525
I would doubt that paypal would allow users to sell their US balance in their paypal account for bitcoin and then withdraw it. This would be counter to their consumer protections and would make it more difficult for them to recover any money from a scam transaction


Title: Re: Is there a way/method to buy bitcoins using paypal?
Post by: indoboycoiner on September 18, 2014, 02:17:56 PM
You can google it..


Title: Re: Is there a way/method to buy bitcoins using paypal?
Post by: logictense on September 20, 2014, 11:57:13 AM
One thing to take note of is that if you using paypal to deposit money in virwox account and then buy btc via SSL codes, then withdraw btc wherever, you'll lose quite a bit due to the fees from transferring from multiple sites. If you're looking for an easy way to donate in this way paypal sounds nice. But if you want to get more bang for your money you should probably do it using only coinbase.


Title: Re: Is there a way/method to buy bitcoins using paypal?
Post by: leannemckim46 on September 21, 2014, 01:06:54 AM
One thing to take note of is that if you using paypal to deposit money in virwox account and then buy btc via SSL codes, then withdraw btc wherever, you'll lose quite a bit due to the fees from transferring from multiple sites. If you're looking for an easy way to donate in this way paypal sounds nice. But if you want to get more bang for your money you should probably do it using only coinbase.
Coinbase does not accept paypal, therefore it would not be what the OP is looking for. You are correct to say that using virwox is a very expensive way to buy bitcon (as are other ways to buy bitcoin with paypal) however this is the reflection that accepting paypal is very risky and is one measure as to the additional cost consumers pay when paying via credit cards


Title: Re: Is there a way/method to buy bitcoins using paypal?
Post by: uvdmnte on September 21, 2014, 05:10:57 AM
I used to sell bitcoins for payment by paypal before on Localbitcoins but stopped cos its ridiculous!..got chargeback claims up to 2 months later and even when i responded to paypal and submitted proof of transaction they totally ignored it and proceeded with the chargeback! From what I see..as long as it concerns bitcoins paypal doesn't give seller protection. But to answer your question..yeah you can try localbitcoins as there are a lot of ads selling btc with payment by paypal.


Title: Re: Is there a way/method to buy bitcoins using paypal?
Post by: Armis on September 21, 2014, 05:27:35 AM
I used to sell bitcoins for payment by paypal before on Localbitcoins but stopped cos its ridiculous!..got chargeback claims up to 2 months later and even when i responded to paypal and submitted proof of transaction they totally ignored it and proceeded with the chargeback! From what I see..as long as it concerns bitcoins paypal doesn't give seller protection. But to answer your question..yeah you can try localbitcoins as there are a lot of ads selling btc with payment by paypal.

That is a case that should be easily won in court.  Not just against the buyer, but also against paypal.   If you did the right thing you should be able to connect the dots, and the blockchain will be your best witness.   If you did it outside of paypal's rules, but you know that the buyer received the money, you will still win against the buyer. 



Title: Re: Is there a way/method to buy bitcoins using paypal?
Post by: uvdmnte on September 21, 2014, 04:19:52 PM
I used to sell bitcoins for payment by paypal before on Localbitcoins but stopped cos its ridiculous!..got chargeback claims up to 2 months later and even when i responded to paypal and submitted proof of transaction they totally ignored it and proceeded with the chargeback! From what I see..as long as it concerns bitcoins paypal doesn't give seller protection. But to answer your question..yeah you can try localbitcoins as there are a lot of ads selling btc with payment by paypal.

That is a case that should be easily won in court.  Not just against the buyer, but also against paypal.   If you did the right thing you should be able to connect the dots, and the blockchain will be your best witness.   If you did it outside of paypal's rules, but you know that the buyer received the money, you will still win against the buyer. 


Which court do u think I should file the case at? The total amount I lost cos of chargeback is $1200+..To bring paypal to court for that amount do u know how much I'd have to spend? Not forgetting the hassle involved. And what would my case be? If u don't mind me saying...I really think u don know what the situation is but thanks for the advice anyway.


Title: Re: Is there a way/method to buy bitcoins using paypal?
Post by: TradersWay.JC on September 22, 2014, 03:51:18 PM
It isn't PayPal's problem -- it is yours. Why should PayPal have to eat the $1,200 loss when you didn't do your due diligence and dealt with a customer who scammed you? You will lose your case, so it will cost you even more money to pursue it.

As a Forex Brokerage, it is something we see all the time. We have many people scam us with chargebacks of $3000 or even a little bit more. All the time. It is the nature of dealing with sleazy people over the internet. And we can't do anything about it! If we stopped offering credit card deposits then we would lose ten times as many honest customers because we have eliminated their most convenient payment method.

You took a risk and got screwed. Best thing to do is learn from it and be happy it wasn't $20,000 or more. For $1,200 it isn't worth it -- financially nor emotionally.


Title: Re: Is there a way/method to buy bitcoins using paypal?
Post by: mllenios on October 08, 2014, 11:18:59 AM
Any problem on transacting paypal?


Title: Re: Is there a way/method to buy bitcoins using paypal?
Post by: Turnkey on October 08, 2014, 02:19:51 PM
Buying bitcoin via paypal is way harden than selling it. You can sell it on localbitcoins easily as many reputed buyers of bitcoin paying through paypal.