Bitcoin Forum

use localbitcoins if you did not know how it seems that alot of people have been asking me how to do that so I wrote this article.

http://www.btcfeed.net/tutorials/convert-paypal-to-bitcoin/ (http://www.btcfeed.net/tutorials/convert-paypal-to-bitcoin/)

Thanks for sharing.

no problem! I have also heard of coinmama but seems they might be alittle sketchy can anybody confirm if they are a go?

Well in Philippines converting paypal into cash is so easy it will be send directly to your bank account,debit card, credit card or another third party processor that is available.
For pinoys out there that are into BTC Im recommending you guys to check coins.ph!
There service is so fast.

Converting your cash to btc or btc to cash only takes a few minutes or hours to process.

well localbitcoins is available for any country and the paypal sellers there do not care about what country your paypal is from.

I don't think many/any sellers on LBC will accept paypal. There are just too many ways to get scammed.

Direct trades with paypal are not safe for the seller. Transactions can be reversed and paypal won't really go far looking into individual cases. If you trade your paypal money for an e-currency with non reversable transactions like egopay or perfectmoney there are many exchanger services that would allow you to easily trade from USD to BTC and vice versa.

You could use Virwox (https://www.virwox.com/) as well, though it has a high fee and a low limit. :)

I'm one of those sellers, sorry i don't want to accept payment that can be reversed, it's just stupid risking for nothing. If you have Paypal money, send it to your account and withdraw on ATM and give me the money in hand, simple.

OP, you're basically just saying "find someone that accepts paypal" and link it to LBC. The same thing can be achieved if you just link to the subforum (https://bitcointalk.org/index.php?board=53.0), as there are a bunch of people accepting paypal from trusted members.

There is an obvious motive to pushing people to LBC. Since you have your affiliate link all over that article, feel free to visit mine (https://localbitcoins.com/?ch=ly5) on LBC  ;D. At least MINE (https://localbitcoins.com/buy-bitcoins-online/us/united-states/paypal/?ch=ly5) will take you DIRECTLY (https://localbitcoins.com/buy-bitcoins-online/us/united-states/paypal/?ch=ly5) to the appropriate LBC area without having to read the article first  :D.

Trading anything BTC related on Paypal can result in Paypal banning your account. They fear BTC.

Doing this can take time, which people presumably do not want to spend. Some people also presumably have their bank account overdrawn or otherwise cannot use their bank account.

I certainly do not fault you for not accepting paypal.

true
there is no point for sellers to accept paypal when trading with btc is the safest way

It looks like a lot more payment processors are taking on paypal and CC's.

VeriCoin is going to be the first alt with the ability to buy it directly from within the wallet. Its either moolah.io, or another working with them. It will be out in a few days. Eager to test it.

Getting money into crypto is always a pain

For me it's simple, not pain, i just wire funds to the exchange and buy BTC at anytime. It takes me 24 hours for whole cycle.

I think this person was referring to trading funds via paypal for bitcoin.

Paypal is very risky for the seller as it can be reversed a long time after the trade is complete.

I have bought coin on LBC with Western union. I have never seen anyone accept paypal. I don't think it would be the smartest move for the seller and I personally would never except paypal for btc. I just could not justify the risk for me. To be honest even sellers that accept moneypak on lbc are taking a risk as i bet there is a way for them to lose with that as well.

You could also just buy GHS vouchers on ebay to then sell your GHS on the cex.io exchange to acquire bitcoins using paypal.

Most of the GHs that you see on ebay are way overpriced so you will essentially be paying a huge markup on your bitcoin if you were to do this.

Coinmama does not accepting anymore paypal

That sucks but it is good to know thanks for sharing.


Not sure what you mean.  Is there a certain service you asking about?  I can only assume u mean converting Paypal to Bitcoin.  If the the answer is yes many people but the seller of Bitcoin is very likely to be scammed because the buy can reverse the funds easily and a long while after the transaction has been completed.

You using paypal with bitcoin transaction can be abused by just simply filing a chargeback report.

Instead of buying with PayPal, why not just look on the web if there's a bitcoin ATM near you? They're cool to use.

Virwox accepts paypal, but there are big fees. but if paypal is your only way it will work.

Make an account at virwox.com,  you will buy SSL (Linden Dollars) then convert that to btc so the process goes like this

USD/SSL then
SSL/BTC

thats how you can safely buy btc with paypal.


You can also look at brawkster.com which lets you buys things for other people and you get the cash value in btc. Sometimes its buggy if you buy things from another country but thats also another way.

thanks, I did it last night and it worked perfect

It would be crazy for a seller on LBC to accept paypal, as they would be asking to get scamed.

If you have Paypal, why don't you move it to your bank account? Then you could buy on LBC for cash locally, or you could buy on Coinbase, or you could wire to an exchange.

All great ideas.

all of these options would greatly lower the risk or the seller while providing only a minor hassle at most the the buyer.

Generally if you are trying to buy bitcoin with PayPal you are probably a scammer

i agree. The only time you should really accept paypal is if you know the buyer in real life and trust them with your money

You could check localbitcoins for people who buy btc for paypal.

Apart from virwox, there's also bankvcc.com who accepts paypal for btc, but since I have never used them, I can't comment on whether they're legit or not. I wonder how these companies accept paypal and don't worry about charge-backs?

anyone knows to convert paypal usd to bitcion wallet..? i need some step by step guide.. thank you

Try with VirWox, Spectrocoin websites to convert your Paypal to bitcoin.
VirWox need verify PayPal account
Spectrocoin need one-time identity verification( 24 Hour)
Check their fees before using their service

Also, You can use LocalBitcoins.com to buy bitcoin with Paypal, Consider choosing trusted seller and good rating