Bitcoin Forum

Is there any bitcoin currency exchanges that allow me to purchase bit coins with paypal as it is my preferred way of shopping online, I have looked for some exchanges however they only allow withdraws to paypal rather than deposits.

Thanks in advance.

try this site https://www.wm-center.com/ so far that the only paypal <------>bitcoin i can find :|
just a question are you using guiminer cause i need help :\

yes I am (or I was... I have an Nvidia card and was only pulling 50mh/s so decided to stop mining...) Ill try and help, what is the problem?

doesnt seem to work for me... "operations is unavaliable" I only wish to purchase a few bitcoins to test my payment gateway with... is there some kind of test network I can use instead (similar to paypals sandbox)?

um i not sure
oh can you help me with mine :D? when i load guiminer and type in everything i get problem communication with bitcoin RPC

are you running the bitcoin client in server mode?
append -server to bitcoin-qt.exe or just run bitcoind.exe (im assuming your using windows)

bitcoin has/runs a fully working testnet, separate namespace for addresses, separate block chain
and gavin is giving away 50 testnet bitcoins per request (google testnet bitcoin faucet)
you can even mine there with the -testnet switch if you're patient enough

or you can run your local testnet bitcoin on localhost (google bitcoin testnet in a box, a thread in this forum)

not sure if you find any exchange from paypal to bitcoin. they do not mix well (like water and fat)

Virwox allows paypal. You buy linden dollars, and then with those buy bitcoin. It's not the cheapest, but it works.

ok, you use linden as emulsifier here.
I wonder who deals with the chargebacks in such tx.

Virwox charges a 2% fee when using paypal - which i guess is the "punishment" for using it.
Ill try using that method... will probably cost me a lot more though.

this guy does it for 10% (suddenly virwox is cheap ;) )
https://bitcointalk.org/index.php?topic=53446

2(?)% for deposit, 2.50% to buy SLL, 1% to buy BTC, and 0.02 BTC to withdraw. And that is assuming virwox doesn't have a spread. (Hint: It does)

If you're in Europe I can sell you bitcoins for a SEPA transfer. Send me a PM if you're interested.

You forgot to add that you can only buy whole dollar amounts of Linden and you can only buy whole bitcoins, so you will be left with the change in USD and in Linden dollars in your virwox account.

The reason you won't find many places to trade your PayPal for BTC is that Bitcoin trasnactions are non-repudiable ... the transaction cannot be either cancelled or reversed.

You might find a willing participant in the #Bitcoin-otc marketplace.  Here's the current order book:
  - http://bitcoin-otc.com/vieworderbook.php
  - http://bitcoin-otc.com
  - http://webchat.freenode.net/?channels=#bitcoin-otc-foyer (marketplace IRC Chat)

Additionally, you might find a party willing to trade in-person through one of the local exchanges, such as BTC Near Me, Bitcoin.local or Ubitex even:
 - http://en.bitcoin.it/wiki/Category:Local

If you are in the U.S., the easiest method nowadays is to deposit cash at a bank, as is offered by
 http://www.get-bitcoin.com (USD -> BTC exchange, 5% fee)
 and
 http://www.bitinstant.com  (for sending USD funds to TradeHill and Mt. Gox, 5% fee plus the trading fee at the exchange)

i want to buy bitcoins with paypal, i have basically unlimited money so i am bored and want to start with bitcoins

Basically no one sells for paypal, because of a large risk of getting scammed.
If you're in Europe though, you can easily send money from your online bank account to any other person in Europe, without it costing anything (so that's cheaper than paypal). If you're interested, send me a message.

seems, sketchy...paypal is secure ive bought and sold many other different items before using PP, why not use it for bitcoin?

Because it's reversible. You can buy bitcoins from me and claim that I never sent them to you and Paypal will return you the money.

You will find that PayPal, credit cards, etc. are generally more secure for the buyer whereas Bitcoins are generally more secure for the seller.

How to obtain free Bitcoins.
1) Buy coins w/ paypal
2) Report transaction as fraudlent
3) Paypal reverse transaction.  You get your USD back and seller losses 100% plus paypal fees (yeah they don't refund those) plus $30 chargeback fee.
4) "Free" bitcoins.
5) Continue until you are as rich as you want to be.

Of course some person always try to sell using Bitcoin anyways.  They figure well there will be some fraud so they will just raise the prices.  So say it is 10% fraud.  No problem they markup the coins 15% and they will still come out 5% ahead.  Like minting your own money right?  The problem is at 15% markup less legit buyers are interested.  So at 15% markup it is more like 25% fraud not 10% fraud.  They raise prices more and more and more to cover mounting losses which only drives more fraud and less legit traffic.  Eventually they either go bankrupt or Paypal pulls the plug.

2-3 months later so noob "genius" has the brilliant and never before thought of idea to sell Bitcoins using paypal and the cycle of life continues.

Besides scammers that want to pay you in PayPal with stolen credit cards or will dispute the payment:

Paypal acceptable use agreement:

Prohibited Activities

You may not use the PayPal service for activities that:

    violate any law, statute, ordinance or regulation.

    relate to transactions involving (a) narcotics, steroids, certain controlled substances or other products that present a risk to consumer safety, (b) drug paraphernalia, (c) items that encourage, promote, facilitate or instruct others to engage in illegal activity, (d) stolen goods including digital and virtual goods (e) items that promote hate, violence, racial intolerance, or the financial exploitation of a crime, (f) items that are considered obscene, (g) items that infringe or violate any copyright, trademark, right of publicity or privacy or any other proprietary right under the laws of any jurisdiction, (h) certain sexually oriented materials or services, (i) ammunition, firearms, or certain firearm parts or accessories, or (j) ,certain weapons or knives regulated under applicable law.

    relate to transactions that (a) show the personal information of third parties in violation of applicable law, (b) support pyramid or ponzi schemes, matrix programs, other "get rich quick" schemes or certain multi-level marketing programs, (c) are associated with purchases of annuities or lottery contracts, lay-away systems, off-shore banking or transactions to finance or refinance debts funded by a credit card, (d) are for the sale of certain items before the seller has control or possession of the item, (e) are by payment processors to collect payments on behalf of merchants, (f), are associated with the sale of traveler's checks or money orders, (h) involve currency exchanges or check cashing businesses, or (i) involve certain credit repair, debt settlement services, credit transactions or insurance activities.


Compare with Bitcoin's acceptable use policy: do anything you want with your money.

Speaking of ...
 - http://www.mrcoins.org (currently "out of stock")
 - https://bitcointalk.org/index.php?topic=52625.0;all

For the record, "out of stock" means "out of business" and he still hasn't admitted I was right. Flailing douchepick.

People don't want to be scammed out of their money, and the PayPal<-->Bitcoin exchange is ripe for the scamming.  News at 11.

yup.. but if you can trust them maybe but doesent paypal have like donate thing? donations cant be re-withdrawn right?

Sure can.

Anything can be chargedback if you know what you are doing with Paypal. Also, chargebacks can happen up to 120 days (4 months) after the initial purchase.

I try to help people if I can. You can take a look at my WOT rating for proof of that.

One suggestion I have, is that if you have money in your paypal account, get a paypal debit card. You can withdrawal the money for free and you can use the cash to purchase a moneypak (https://www.moneypak.com/).

Save the receipt, PM me, and say you came from this post and I will reduce my rates considerably to help you get your first bitcoins.

A good insurance plan is needed here.

hey I can not send PM it says an error ocurre...

trying tou buy my first bit coins need your help

You need to have 1 post before sending a PM. Try resending it now.

if someone can sell me 2 coins via pp  please help me :)

Illiterate. :'(

Seriously though, the main argument for BTC is how convenient it is. It sounded that way until I set up several accounts just to initiate the several-day process of acquiring coins for the first time.

follow this guide for a way to convert PAYPAL to BITCOIN:

http://www.scribd.com/doc/110005258/Buy-Bitcoin-via-Paypal-Paysafecard-Credit-Card-Ukash

this has been around for quite a while and works great.

You can also read this document.  It describes all the steps needed to fund your BTC poker account at sealswithclubs but you can use exactly the same steps to fund any Bitcoin address - like one in your own wallet.

http://swcpoker.com (http://swcpoker.com)