Bitcoin Forum

Economy => Trading Discussion => Topic started by: Mrbutter on October 22, 2014, 12:54:10 AM



Title: Anyway for a newbie to purchase bitcoin with paypal?
Post by: Mrbutter on October 22, 2014, 12:54:10 AM
I've been on this forum for while (not registered) and just looking at other people's forum but is there any way for someone without any reputation to purchase btc? I know everyone's scared of chargebacks but what if an escrow of some sort is used? If there is please post below.


Title: Re: Anyway for a newbie to purchase bitcoin with paypal?
Post by: Stinky_Pete on October 22, 2014, 12:57:15 AM
I've been on this forum for while (not registered) and just looking at other people's forum but is there any way for someone without any reputation to purchase btc? I know everyone's scared of chargebacks but what if an escort of some sort is used? If there is please post below.
Do you mean 'escrow', rather than 'escort'?


Title: Re: Anyway for a newbie to purchase bitcoin with paypal?
Post by: Stinky_Pete on October 22, 2014, 12:58:29 AM
LocalBitCoins is probably the best/safest way. Why mess about with PayPal?


Title: Re: Anyway for a newbie to purchase bitcoin with paypal?
Post by: Mrbutter on October 22, 2014, 01:03:11 AM
I've been on this forum for while (not registered) and just looking at other people's forum but is there any way for someone without any reputation to purchase btc? I know everyone's scared of chargebacks but what if an escort of some sort is used? If there is please post below.
Do you mean 'escrow', rather than 'escort'?
LOL yes


Title: Re: Anyway for a newbie to purchase bitcoin with paypal?
Post by: Mrbutter on October 22, 2014, 01:09:16 AM
LocalBitCoins is probably the best/safest way. Why mess about with PayPal?

Well, I'm at the age where I don't have my own bank account yet...but I do sell/buy stuff through paypal. And I want to purchase some bitcoins but all the exchanges I've looked at don't offer it via paypal.

Also, I've looked into LocalBitcoins but their price is rather high  :o


Title: Re: Anyway for a newbie to purchase bitcoin with paypal?
Post by: gentlemand on October 22, 2014, 01:15:57 AM
If you're hell bent on Paypal only then you'll have to suck up a gargantuan premium. Hardly anyone will be willing to sell via paypal because of the chargeback thing.

The only consistent way is to buy Linden dollars from Virwox with Paypal and then convert them to BTC. It's gonna cost.


Title: Re: Anyway for a newbie to purchase bitcoin with paypal?
Post by: Mrbutter on October 22, 2014, 01:21:32 AM
If you're hell bent on Paypal only then you'll have to suck up a gargantuan premium. Hardly anyone will be willing to sell via paypal because of the chargeback thing.

The only consistent way is to buy Linden dollars from Virwox with Paypal and then convert them to BTC. It's gonna cost.

How is buying BTC on Virwox by paypal? Is it as expensive as it is on local bitcoin? I don't mind if it's 5~10% more expensive.


Title: Re: Anyway for a newbie to purchase bitcoin with paypal?
Post by: gentlemand on October 22, 2014, 01:25:31 AM
If you're hell bent on Paypal only then you'll have to suck up a gargantuan premium. Hardly anyone will be willing to sell via paypal because of the chargeback thing.

The only consistent way is to buy Linden dollars from Virwox with Paypal and then convert them to BTC. It's gonna cost.

How is buying BTC on Virwox by paypal? Is it as expensive as it is on local bitcoin? I don't mind if it's 5~10% more expensive.

You have to buy Linden Dollars from Virwox with Paypal first, then use Virwox to trade them for BTC.

I don't know how expensive it'll be but I'm guessing it'll be considerably more than 5-10%.


Title: Re: Anyway for a newbie to purchase bitcoin with paypal?
Post by: arbitrage001 on October 22, 2014, 10:14:02 AM
LocalBitCoins is probably the best/safest way. Why mess about with PayPal?

Well, I'm at the age where I don't have my own bank account yet...but I do sell/buy stuff through paypal. And I want to purchase some bitcoins but all the exchanges I've looked at don't offer it via paypal.

Also, I've looked into LocalBitcoins but their price is rather high  :o

Paypal premium fee is even higher than anywhere else.

If you're hell bent on Paypal only then you'll have to suck up a gargantuan premium. Hardly anyone will be willing to sell via paypal because of the chargeback thing.

The only consistent way is to buy Linden dollars from Virwox with Paypal and then convert them to BTC. It's gonna cost.

How is buying BTC on Virwox by paypal? Is it as expensive as it is on local bitcoin? I don't mind if it's 5~10% more expensive.

You are willing to pay 10% premium and think localbitcoin seller premium is high?


Title: Re: Anyway for a newbie to purchase bitcoin with paypal?
Post by: raveldoni on October 23, 2014, 06:41:49 AM
Buying bitcoin on forum would be hard without any reputation. But I still see offers from btc sellers accepting paypal occasionally, you need to do a thorough search.

Escrow is useless in paypal dealings because it can't stop you from chargeback.

You can also try virwox to buy bitcoins with paypal.


Title: Re: Anyway for a newbie to purchase bitcoin with paypal?
Post by: eizh on October 23, 2014, 07:29:43 AM
If you're hell bent on Paypal only then you'll have to suck up a gargantuan premium. Hardly anyone will be willing to sell via paypal because of the chargeback thing.

The only consistent way is to buy Linden dollars from Virwox with Paypal and then convert them to BTC. It's gonna cost.

How is buying BTC on Virwox by paypal? Is it as expensive as it is on local bitcoin? I don't mind if it's 5~10% more expensive.

I remember it being closer to ~15% more on Virwox but I haven't checked recently.


Title: Re: Anyway for a newbie to purchase bitcoin with paypal?
Post by: sandykho47 on October 24, 2014, 12:17:05 PM
Just use LocalBitcoin / your local bitcoin exchanger  :D
It's should safe enough

But, you can buy bitcoin from big exchanger


Title: Re: Anyway for a newbie to purchase bitcoin with paypal?
Post by: bitsmichel on October 24, 2014, 03:29:29 PM
I've been on this forum for while (not registered) and just looking at other people's forum but is there any way for someone without any reputation to purchase btc? I know everyone's scared of chargebacks but what if an escrow of some sort is used? If there is please post below.
Paypal has previously blocked accounts of (bitcoin) users. But, you could buy using an escrow service. The risk is losing your money and your bitcoins, even if an escort escrow is used. Localbitcoins or an exchange is more safe.


Title: Re: Anyway for a newbie to purchase bitcoin with paypal?
Post by: o_o on October 24, 2014, 05:20:26 PM
If i understood quite good, if you want to earn something, try to partecipate in a signature campaign, then sell btc and have $ or € in paypal !


Title: Re: Anyway for a newbie to purchase bitcoin with paypal?
Post by: xmasdobo on October 24, 2014, 07:39:50 PM
Yes you can OP, go to VirWox, buy SLL, exchange for BTC. It's a nice little trick I learnt to get fast quick BTC in small amounts with Paypal. Big ass fees tho, so I dont recommend it unless you really need to go that route.