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Title: About fees when buying btc with paypal? Post by: jonathanrobert1 on January 15, 2018, 04:56:47 PM Anyone can recommend me a site where I can buy btc via paypal and avoid high fees?
I know about paxful and localbitcoins but the fee's are very high. Especially I only want to invest about $200. I I will probably withdraw some PP money to my card and try to buy btc with CC but I'm still interested is any cheap way to buy btc via paypal. Thank you guys. Title: Re: About fees when buying btc with paypal? Post by: RektEx on January 15, 2018, 04:58:25 PM Unfortunately, I think PayPal is usually considered a convenience service and tends to run a bit high. Coinbase charges 4% to cash out to PayPal.
Title: Re: About fees when buying btc with paypal? Post by: steve25 on January 15, 2018, 05:01:03 PM You will not find lot of people who will sell you btc for paypal since since paypal's transactions are easily reversible. Also some people use hacked PP accounts so no one will take the risk. I guess best way is to stick with the localbitcoins since you will have escrow and so on. Yeah the fees are high but you need to keep an eye on the site. During night usually you can find lower fees. I managed to change last week for about 0.87 for a dollar which was a very good rate.
Title: Re: About fees when buying btc with paypal? Post by: jonathanrobert1 on January 15, 2018, 05:06:13 PM Unfortunately, I think PayPal is usually considered a convenience service and tends to run a bit high. Coinbase charges 4% to cash out to PayPal. Wow thanks, didn't knew coinbase accept deposits via paypal. I will make an account right away. Anyone tried coinbase and everything worked fine? Don't get me wrong but it seems like a best deal with only 4% fees compared with other paypal methods and is to good to be true. I will make my own research as well. Title: Re: About fees when buying btc with paypal? Post by: Crytptohack on January 15, 2018, 05:06:55 PM You can setup an account with Gemini and just move over up to $500 from you bank account to start. If you want to cut down on fees, using Paypal is not the way to go.
With Gemimi, you can trade US Dollars for either BTC or ETH. Title: Re: About fees when buying btc with paypal? Post by: LisaOrange on January 16, 2018, 03:22:38 AM I recommend you to use Paxful.com to process the trade! It's easier
Title: Re: About fees when buying btc with paypal? Post by: jonathanrobert1 on January 16, 2018, 11:42:20 PM I recommend you to use Paxful.com to process the trade! It's easier Did you even read the post I started with? Title: Re: About fees when buying btc with paypal? Post by: ethantaylor on January 17, 2018, 02:17:29 AM I don't recommend buying BTC with PayPal. PayPal explicitly prohibits the uses which are engaged in cryptocurrency so you would risk your PayPal account in doing that.
Title: Re: About fees when buying btc with paypal? Post by: Dropcarve on January 17, 2018, 02:46:47 AM It depends on what platform you gonna use but its gonna be expensive
Title: Re: About fees when buying btc with paypal? Post by: AishaIvy on January 17, 2018, 03:48:19 AM I don't know any way to avoid fees with paypal. Maybe look for other options?
Title: Re: About fees when buying btc with paypal? Post by: BTCforJoe on January 19, 2018, 04:51:40 AM Check out the forums here in the Currency Exchange board: https://bitcointalk.org/index.php?board=53.0
There are Bitcoin sellers that will possibly trade with you provided that your PayPal account is verified, you send as Friends or Family, and you send first. The rates here are much better than rates you'll find at any exchange online, but you'll want to establish your rank before you do so on most occasions, unless you're willing to send the PayPal first. There are several dozen users on the forums here who regularly trade Bitcoin for PayPal, but again, you'll have to follow their suggestions and prove that you're trustworthy by sending first. Always make sure to check THEIR trust, as well. Give that a shot; I've had several successful trades here in the past. |