Bitcoin Forum

I know what it sounds like. The paypal account is expendable though verified. Yea it shall go to reliable escrow first. I don't mind.

Price fluctuations could be an issue. So basically we agree to buy say 1 btc. Then we use the price at 24:00 on some website?

Can that be accomplished?

Basically I know people with so much paypal balance and I know people that have so many bitcoins.

If I want to accomplish that, what would be the escrow?

How much I should buy first without escrow?

Well couple days ago Paypal allowed to reverse transaction up to 180 days.
Noone with any sense of business will sell you bitcoins through Paypal

Buying BTC through PayPal would be mighty convenient...but they don't offer any currency conversion services yet, do they?

I'm pretty sure everyone on this forum is aware of paypal chargeback scams and won't deal with you except if you're extremely trusted.

But, you could try virwox.com or bitcoininsanity.com(both overcharges), if you're real urgent.

Absolutely no one will do paypal to btc, so easy to scam ( I have been scammed myself.). Try some people you actually know in real life, or personally

if the paypal account is legit there is no reason to not withdraw to bank account and buy at an exchange

In canada we have something called interac e-transfer (I don't know if you have the same thing in the US) but there are many exchanges allowing instant purchases (btc sent to your wallet within 10 minutes) with this e-transfer and its pretty great. I never buy btc tho, only sell it

What about if you use expendable paypal and withdraw money right away? Also you see I've been here for a long time. I wouldn't destroy my account for $100-$200

But then again, I could do the same if only I can withdraw the money.

I'll think of another solution.

Currently I plan to accept money from paypal, use it to buy advertising traffic and without waiting for any return quickly pay my partner via my cash reserve. My partner will eventually buy bitcoins.

The reason why I want to buy bitcoins from paypal is actually because it's a business.

I can get money easily to paypal and I want to dispose of it quickly. So I can buy that more expensively. Say 5% higher price?

I have heard that it is extremely easy to reverse a BTC deal through paypal with a chargeback. Just a heads up to be careful, ALOT of people have scammed this way.

How about this solution. Create a new paypal account, hook it up to your bank or atm or something, have the btc escrowed UNTIL its in your bank or in cash, then remove the bank account/card from the paypal account and the btc is released. Therefore if the money is chargebacked there is no money to take it from and you can't lose money in paypal.

 Prepaid Bitcoin is the best place to buy bitcoin with Paypal. www.prepaidbitco.in

Firstly Paypal and Escrow would not go side by side, as its simply not possible.
As for buying bitcoin with paypal, localbitcoin traders with good trust would be your best bet.

However to prevent reversible transactions, they might ask you for  identification and some kind of terms, which would not allow you to charge back incase you go for it.

Is this site secure enough? Have you guys tested it? Because I wouldn't really trust anything paypal related. Bitcoin and paypal are just not good pair.

I don't think that site is secure enough. Someone with a brand new account posts that and logs off. Its points to a scam. Also, I couldn't find an ANN thread on it.

I am thinking of giving 10% edge. So if bitcoin price is $1k I'll buy it at $1100

First trades will be around $100. At most. The thread will be displayed here.

After 2-3 trades, we can know each other real name and do some video skype but that should be private. That shouldn't be disclosed unless there is dispute.

I think my old account and my real name worth far more than $1k.

After a while, we'll do it $1k at a time at 5% edge.

If you have paypal account not linked to your real name and not linked to credit card with huge balance I think you can trust me. If I dispute you just abandon that paypal.

But how can I trust you? How much escrow cost here?

So yea there is risk.

Also the store is not open yet. I am just opening for suggestions.

As for 100% assurance, I just lost 14 Asicminer stock that now has gone wrong. So yea, nothing is assured 100%. However, this could work.

That's what I am thinking. I won't do chargeback. But you can do that too. Look we start small. Eventually this can be big okay.

any exchanges support paypal?? i didn't know  :-[

Don't think any big exchanges do paypal. But I know virwox you can do some SLL to BTC to paypal or something weird like that. Paypal is generally a no-no when it comes to bitcoin.

The reason why I want to buy bitcoin with paypal is not just convenient. Basically I am willing to give profit for you to take the risk. The profit depends on the source of fund.

In other word, I can give big profit if the fund source is risky. Risky fund source means you must pull the money out as quickly as possible by buying something quickly. I took no responsibility of your paypal account being limited. Definitely for those with fake paypal account.

Then there is a less risky one where you can grab money from bank account and once the money is in the bank, the escrow would send me my bitcoins. We got to tell which one would take risk if things happen.

I am not sure where the money comes from. It's also hidden from my source.

https://www.virwox.com  is your unique chance :)

Virwox has proved to work for me too. Of course there are charges, but its easy and pretty fast to use, especially if the blockchain isnt going slow. Good luck!

I don't like it. Fees and bad prices make it not really viable if I lose more than 5% on converting to dollars. With a lot of money that makes a huge difference, most investments pay out that much after a year so bang there goes your profit just converting to dollars...

I used VirWox and ofc it's plagued with fees... If you have time and patience you could use it with caution.

Yea I tried them once, fees are WAYY too big. Localbitcoins is a much better deal but then you add the chance of being chargebacked. I have stopped using paypal for those reasons

Mostly nobody trusts newbies with regards to PayPal transaction even if Escrow is used. The reason being a chargeback. They will tell you to wait for 180 days and then send the bitcoins and I don't think you will prefer that.

No one trusts anyone with paypal unless they are EXTREMELY trusted. I wouldn't trust a random hero or senior. Only trust companies with paypal, otherwise forget using it with bitcoin.

Local bitcoins.com and filter by PayPal. You as the buyer will have to send as gift so you can't chargeback.

Still, even with the reduced risk the rates are quite high on paypal, Easily a couple 10$ higher than the actual price of btc. I reccomend just using interac e-transfer, paypal is not worth it IMO

That is true. Cost wise its cheaper and less of a headache than virwox if paypal is the only option. I agree with you though. Paypal is pretty crappy to buy BTC with.

Its completely awful. Much higher rate of scam, much higher fees and price you pay, and its alot slower. I find no reason at all in using it. Also paypal can freeze your account at any time if they find you dealing with cryptocurrency (so many stories about this)

You can use your paypla balance buy bitcoin in btc-e.com, in paypal there are too many scammers, and the price is ridiculous expensive there.

They like to scam newbies or who are not familiar with bitcoin.

Btc-e.com is one of the most famous bitcoin fiat exchange, so you can buy there, it's very reliable. The fee is less than 5% I think, you can try there. ;)

Btc-e does not accept paypal, I don't know where you got that from. Unless your talking about the chat, but I don't trust anyone from any chat to do any trading or dealing with. 5% fee is still quite a bit. Thats a couple dollars off a btc.

Paypal should start selling bitcoins securely themselves :) It would be a real convenience for a lot of people and I'm sure they could profit quite a bit.

Any exchanges support PerfectMoney?? i didn't know that

Pls help me !

Thanks !

only if you will wait 6 months to recieve bitcoins.Otherwise no one in their right mind will risk it  Not even for a senior/"trusted" member.

They should but theres still too much volatility for them to be able to use it properly and not have too much profit swings baed on the price. As soon as paypal knows they are not going to beat it they can embrace it and add even more profit. Maybe paypal actually might add an escrow or actual support for btc-> paypal transactions to reduce scams.

I think that there are many place that buying from Paypal. Why dont you sell from your Paypal balance to buy BTC at any exchange

define "any exchange"
please name them... ty

I don't know of one besides virwox and the fees are outrageous. Plus, there are many limitations on amounts on top of that.

Check out my sig. You can use both Paypal and CC to buy BTC. Good luck.

I've purchased some small amounts of bitcoin using Paypal on here recently and everything has gone well. I think as long as the buyer has an established forum account with good trust and an established verified Paypal account and the amount is relatively small I can't see a problem. Obviously newbie accounts asking for large amounts is completely different.

On a side note I noticed someone selling bitcoin on ebay earlier and they said they accepted Paypal if its sent as gift or to friends & family so that might make a difference to whether its reversible but I'm not sure.

the front page shows that you cant withdraw to your paypal account but it doesnt says you can fund it from paypal

What about if they sent as a gift. I have never really bought bitcoin with paypal so I don't know what different ways you can send it. I have heard of gift sending, if you force them to send as a gift, is all chargeback possibility removed? Couldn't they still say it was unauthorized transation because even if they used gift it could still be someone unauthorized logging onto their account.

I would second that.

If there is a way to send money in paypal in ways that is not returnable then its' great.

Or, instead of buying bitcoin, I am thinking of buying bitcoin mining shares? Hmmmm... From butterfly labs?

Or anything I can buy with paypal that will become bitcoins eventually? I just need to move paypal balance quickly

Maybe btc-e.com disabled paypal deposit, I remember the deposit option can be paypal but with 5% fees in 2013 when i traded in btc-e. OKpay is the most popular there only has 2% fees.

I don't trade coins in btc-e for 1 year, maybe that's the reason I still thought it enables paypal deposit. And we can still withdraw to paypal there.

You can buy bitcoin by Paypal at alfacahsier,com .

Hi,

https://cryptonit.net offers paypal deposit possibility for verified users. Our fees are significantly lower in comparison to Virwox and other similar services.

Would be glad to answer your questions, in case you have any.

Regards
Edward

paypal is the worst way to buy bitcoin.

I think you can use it as a method of payment in some circumstances with LocalBitcoins (if I'm not mistaken).

Get a PayPal debit card, and use Circle.

Yes, a lot of people accept it there. They mark it up quite a bit though.

its not safe using paypal to buy bitcoins. It will be very hard to find someone accepting paypal. But goodluck finding some1.

Its not too hard actually. Its already been said in this thread. People will accept it with a mark up, and also, the buyer is required to send payment as a gift so there cannot be a charge back. Look on localbitcoins and refine by paypal as payment method. You will see a ton of people willing to do this.

Have you tried www.virwox.com?

I'm pretty sure if you buy bitcoin direct through Paypal using friend / family / gift option it can't be reversed.

This actually isn't as problematic as some are making it out to be. I'd be way more worried if you were selling your coins for paypal and suffering the chargeback risk. Though now with Neteller accepting coin, it would be odd if paypal wasn't kicking things up to high gear to beat their competitors.

Exactly. The risk is all on the buyer however. If the other party doesn't send the coins then your out of luck.

since chargebacks can be requested through paypal AND your bank card....i would say its still risky.
You could donate through paypal, to increase chance paypal wont chargeback - but that dont stop the user from calling say, wells fargo, and saying "i accidently donated through paypal, and this is the debit card tied to it - i need to cancel that transaction i made a mistake" usually bank will side with cardholder.

just a heads up it could be possible to do that. if ppl are using paypal, only do it with people you have rapports with and know well.

I looked into it. Even if sent as a gift it can be charged back. Someone can say their account or credit card was stolen. That being said, you don't need to worry about that if your the buyer. Just make sure you use escrow to insure you get your coins.

Thanks to all for your comments. I can see buying using paypal balance is kinda complicated...
I am not a US citizen so I cant upload the money to my US bank account and buy form Coinbase or Circle.. I guess my hands are tied.

Virwox has very high fees..

not true, I can only sell BTC for paypal. You said it backwards

It doesn't have to be paypal. I need something I can spend quickly and probably sell again. Anything. Gold?

The only problem with that is the buyer is still able to reverse the transaction. Once the buyer reverses the transaction, PayPal charges you a negative balance. If you don't pay it, it goes into collections which unfortunately messes up your identity.

Virwox is the safest site I know that allows you to use PayPal/Skrill to buy Bitcoin or to convert Bitcoin to USD and withdraw. When I first got into crypto in 2013 I was using them all the time, these days however, can't beat Circle  8) They do have some hefty fees when you first join but the more you use them, the less you pay.

No one will you sell Bitcoins using Paypal pornluver. You've logged into the forum since April 23, 2013, you've never seen someone ask about using Paypal?. Anyway there are several websites where to buy them, but not with Paypal. You can use localbitcoins, or any user with reputation using escrow. Depending on the country in which you live you can also buy them at ATMs.

I think you cant use Paypal in Circle.
Correct me if I'm wrong

No, can't use PayPal, only credit/debit cards and bank accounts. But seriously they're the best site for buying Bitcoin, their service fee is small and you get your Bitcoin instantly. I got in on invite right at the beginning and I find absolutely no reason to go anywhere else for BTC. The only thing that might bother some is the $500 weekly limit when using cards but I personally don't buy that much  :)

It is good idea to buy bitcoin because its price will go up again in near future and it will provide you the great future and this is the good thing do if yoyu wants to buy bitcion that’s good thing to do,