Bitcoin Forum

Other => Beginners & Help => Topic started by: QuantumKiwi on September 12, 2012, 11:19:19 PM



Title: Best Paypal -> BTC method?
Post by: QuantumKiwi on September 12, 2012, 11:19:19 PM
Looking for a straight forward process of moving funds from paypal to Bitcoin.

Any quick, easy solutions?

So far it seems buying LR from paypal, then buying bitcoin..... Takes too long...



Title: Re: Best Paypal -> BTC method?
Post by: DeathAndTaxes on September 12, 2012, 11:20:44 PM
If you are in the US.  Get a PayPal debit card (free). 
Use it to cash out from PayPal at any ATM and use Bitcoins Direct cash deposit option (see sig).


Title: Re: Best Paypal -> BTC method?
Post by: QuantumKiwi on September 12, 2012, 11:28:07 PM
Im in new zealand........

See this is what i mean, dont want any hassle. Just want to buy BTC with paypal.


Man, no wonder people in mainstream dont use BTC. So hard to even buy any!


Title: Re: Best Paypal -> BTC method?
Post by: DeathAndTaxes on September 12, 2012, 11:30:40 PM
Find some sucker who doesn't care if he gets scammed and offer easily reversible, hacked, stolen PayPal for irreversible Bitcoin.  Offering an ridiculously high price seems to help.


Title: Re: Best Paypal -> BTC method?
Post by: QuantumKiwi on September 12, 2012, 11:42:40 PM
Ive got 20 USD via paypal. Who wants to trade?

Ive got a business in behind me, can give you full contact details and my local phone number etc

Im definately not going to rip anyone off.


Title: Re: Best Paypal -> BTC method?
Post by: QuantumKiwi on September 12, 2012, 11:47:35 PM
also - what is the best site to buy bitcoins from directly with credit card?



Title: Re: Best Paypal -> BTC method?
Post by: hahahafr on September 13, 2012, 01:15:58 AM
also - what is the best site to buy bitcoins from directly with credit card?


with sepa wire it's bitmarket.eu 0% fees.
credit card, try bitcoin-otc with paypal or skrill.


Title: Re: Best Paypal -> BTC method?
Post by: adamstgBit on September 13, 2012, 01:34:20 AM
Ive got 20 USD via paypal. Who wants to trade?

Ive got a business in behind me, can give you full contact details and my local phone number etc

Im definately not going to rip anyone off.

Im definately not going to rip anyone off.
Im definately not going to rip anyone off.
Im definately not going to rip anyone off.
Im definately not going to rip anyone off.
Im definately not going to rip anyone off.

BITCOIN! its fucking gold man  ;)


Title: Re: Best Paypal -> BTC method?
Post by: Stephen Gornick on September 13, 2012, 01:41:38 AM
Im in new zealand........

See this is what i mean, dont want any hassle. Just want to buy BTC with paypal.


There is a cash deposit method in New Zealand.  Is there a Westpac bank nearby to you?  That would be a good option for you .. .simply walk in, hand over the deposit ticket from BitNZ, pay cash.  Boom, done.

If you don't have a Westpac near to you, you can still start the order, and then send the deposit ticket to a friend, relative, coworker, or someone else who will deposit cash for you and does have one nearby.  You then send money to this party that helps you via PayPal.

 - https://bitnz.com


For anyone else reading along thinking that would be nice but a New Zealand bank is far away, here is the comprehensive list of where cash deposists can be made.

 - http://www.BitInstant.com (Deposit at major banks, 7-11, Walmart, CVS, Moneygram, etc., or in Brazil using Boleto or Banco Recomendito, or in Russia, using Qiwi or Cyberplat.)
 - http://www.CAVirtEx.com (Deposit cash (CAD) at several banks)
 - http://www.Spendbitcoins.com (Deposit cash (AUD) at a bank in Australia)
 - http://www.MrBitcoins.com (Deposit cash at a bank in U.S. (USD), India (INR), Australia (AUD))
 - http://BitcoinNordic.com (Purchase CashU or UKash in dozens of countries)
 - http://www.BTC-E.com (Deposit cash (USD) at bank locations in Russia)
 - http://www.BitNZ.com (Deposit cash (NZD) at Westpac in New Zealand.)
 - http://www.MtGox.com (Deposit cash (GBP) at Barclays)
 - http://bitcointalk.org/index.php?topic=87094.0 (Deposit cash (USD), $500 or more at B of A, Wells Fargo and PNC Bank in the U.S.)


The fees aren't trivial but you can use a credit card to purchase by using VirWoX where you can buy SLL using your Serve card as a credit card, then trade SLL for BTC:
 - http://www.VirWoX.com

This probably does't help you if you are looking to spend the coins anytime soon, but you can buy physical Bitcoin, paid for with credit card:
 - http://memorydealers.com/catalogsearch/result/?q=bitcoin


Or find a local trade.  There's someone selling in Aukland:
 - https://localbitcoins.com/location/NEW%20ZEALAND/aukland/


All kinds of options:
- http://en.bitcoin.it/wiki/Buying_bitcoins


Title: Re: Best Paypal -> BTC method?
Post by: BrannigansLaw on September 13, 2012, 07:27:23 AM
Get them off eBay. It's the sellers at risk.


Title: Re: Best Paypal -> BTC method?
Post by: mufa23 on September 13, 2012, 07:58:03 AM
>Im definately not going to rip anyone off.

Hahaha, oh I need to get this framed on my wall!

http://static4.fjcdn.com/comments/Oh+god+my+sides+_e6cc3e401dd07cc98a305cee893c6a25.jpg


Title: Re: Best Paypal -> BTC method?
Post by: stepkrav on September 13, 2012, 08:50:10 AM
also there is https://www.bitstamp.net/ for bank wire

@DeathAndTaxes

yet i can see a Paypal option in FastCash4Bitcoins. Can you explain that please?
oh its only for users receiving money. right..


Title: Re: Best Paypal -> BTC method?
Post by: chaut0 on September 13, 2012, 12:33:15 PM
Is PayPal imposing a "return" policy for Bitcoins?


Title: Re: Best Paypal -> BTC method?
Post by: Gabi on September 13, 2012, 01:39:52 PM
Just want to buy BTC with paypal.
Scam detected


Title: Re: Best Paypal -> BTC method?
Post by: QuantumKiwi on September 15, 2012, 09:32:24 PM
Scam detected? lol, man this forum is full of trolls.


I did a successful trade on bitcoinary.com with AnthonyKLF.


Was too easy :) and im happy with my bitcoins.





Title: Re: Best Paypal -> BTC method?
Post by: Gabi on September 15, 2012, 10:15:43 PM
There is a reason why no one sell bitcoins via paypal  ;) And those who do, later always understand. But then it's too late  :D


Title: Re: Best Paypal -> BTC method?
Post by: PeteChad on September 15, 2012, 10:46:36 PM
Never try to use PayPal for any Bitcoin transactions, they never side with the BTC owner, even if you offer them tangible proof. There are much safer methods out there for a reason!


Title: Re: Best Paypal -> BTC method?
Post by: mobile4ever on September 16, 2012, 11:41:14 PM
There is a reason why no one sell bitcoins via paypal  ;) And those who do, later always understand. But then it's too late  :D


It depends on who you deal with. Is everybody corrupt?


If you deal with the right person, it is never "too late"



Title: Re: Best Paypal -> BTC method?
Post by: mobile4ever on September 17, 2012, 12:14:59 AM
Scam detected? lol, man this forum is full of trolls.


I did a successful trade on bitcoinary.com with AnthonyKLF.


Was too easy :) and im happy with my bitcoins.


Good for you... the trolls might be working for Paypal.. some of them have low post counts.


Title: Re: Best Paypal -> BTC method?
Post by: Kazimir on September 17, 2012, 09:30:46 AM
Looking for a straight forward process of moving funds from paypal to Bitcoin.
1. Withdraw money from PayPal to bank account
2. Wire transfer money from bank account to exchange (e.g. bitstamp.net or intersango.com)
3. Buy BTC


Title: Re: Best Paypal -> BTC method?
Post by: Lethos on September 17, 2012, 09:45:06 AM
While I agree they might be trolling, they are doing it based on experience of how paypal -> btc exchanges have lead to a lot of situations like this:

"I tried to sell my 220btc to this guy who was going to pay me $2200 USD for them via paypal"
"After the transaction was complete, he reversed it"
"Paypal sided with him, even though I provided proof, I did infact trade him in bitcoins and I have all these emails to prove this agreement, and this link showing the blockchain shows he got it moments afterwards."

There are various versions of this story, over 200 Btc lost via a paypal reversal was just the largest one I remember seeing.
Deal with the exchanges, which one that happens to operate in your country I don't know.
https://en.bitcoin.it/wiki/Buying_bitcoins

I once liked paypal as much as the next guy when everything works fine, but I know all to well, they are can screw you worse than any bank or individual could. In this community paypal has gained the reputation as a tool to screw people out of their bitcoins, because paypal sides with the one doing the reversal everytime.


Title: Re: Best Paypal -> BTC method?
Post by: martingillespi on October 08, 2012, 02:57:15 PM
If any one have to purchase online then Paypal is the most popular and favourite option which is generally supported  by every website. User also trust on it for making payment via their credit card or debit card.


Title: Re: Best Paypal -> BTC method?
Post by: Stephen Gornick on October 09, 2012, 12:58:55 AM
If any one have to purchase online then Paypal is the most popular and favourite option which is generally supported  by every website. [/quoe]

Not every website.  Can you buy gold bullion with PayPal?   Can you pay for a Western Union transaction with PayPal?  Can you make a payment to your credit card using PayPal?

The reason most ecommerce sites accept PayPal is because they can absorb the costs by charging a high enough markup into their prices.

User also trust on it for making payment via their credit card or debit card.

It isn't that consumers don't trust PayPal, it is that merchants don't trust PayPal.   Even if Bitcoin merchants did trust PayPal, they would be wrong to do so as PayPal's User Agreement specifically prohibits their payment network being used for the purchase of digital currency (and a range of other restrictions).


Title: Re: Best Paypal -> BTC method?
Post by: rpandassociates on September 24, 2014, 02:49:38 PM
https://www.virwox.com/

It cost about 10% to do so but you can buy with paypal. I have done this twice