Hi
I want to buy BTC with Paypal. I am a new user, would you do this? Also I'm willing to wait the chargeback period on a shared multisig address. See https://bitcointalk.org/index.php?topic=3643378.0

I plan to buy on a regular basis (3k$/180days), and we can start with a low amount, as you wish.

Hi
I would buy BTC with PP from you. 10% is fine for me. We can use any small amount as you wish. I am a new user on this forum, but have a serious interest in buying BTC with Paypal. I am even willing to wait the chargeback period on a Multisig wallet. See also https://bitcointalk.org/index.php?topic=3643378.0
PM me if we can have a deal.

I will as soon as I have my PM quota back. Reserve those BTC for me;)

bump

Hi

I have Paypal funds and want your BTC. Also I'm willing to wait the chargeback period and using a 2/3 multisig address with an independend third signer. See https://bitcointalk.org/index.php?topic=3643378.0
I can't write PM's today.

You can login via Tor with a browser in private browsing mode. That way your ip address and your paypal account is not involved at all. Login via Tor into Paypal is possible. If for whatever reasons it is not possible, consider me a fraud In doubt err on the side of the seller.

December was extreme, but if that case it happens again, I agreed on paying the fees. That will be part of the deal with the seller. In case #3 is not needed the seller will only sign transactions which include the 1% transaction to #3. In case #3 is needed #3 will only sign if their 1% transaction is included. I think it would even be safe to pay those 1% beforehand. But that is something which I would have to agree with the seller on. I mean the seller is using #3 as well and it should be find to pay #3 beforehand. In any case, #3 has not to worry about transaction fees.

Thanks, I updated my initial post.

Ok, that's a risk the seller has to take. Sorry, I don't know how I can protect the seller against that. The seller has to consider this risk and adjust their commission accordingly. If you have any ideas, I'm totally open for it.
Ha! I think I might have a solution to mitigate this risk. I would also send a deposit to our shared address. In case I chargeback, seller may keep my deposit. It might still be that the rate change is not covered with the deposit, but at least the risk is lowered a lot. I think with a deposit from my site, even a third signer is not necessarily required (for the chargeback case) as I also have a personal interest in getting my deposit back.

I'll pm you, whenever my quota is restored.

If it really comes to that, I will let #3 login into my Paypal account. If for whatever reasons this is not possible, consider me as a fraud and #3 should decide in favour of the seller.

Fees are payed by me. #3 receives 1% of the total involved BTC.

I mean growing confidence into this process. Like I'm not doing multisig everyday. I'm planing to keep this process and you should distrust me always.

Details will be available per CC. And it is just "I buy X BTC for Y USD from seller". That's it. The thing is, I really expect that #3 won't be involved at all, because the main reason for #3 is protecting the seller against me being a troll for charging back and letting the BTC rot. So now with #3, I think it is very unlikely that I am really a troll and #3 might never be needed. So it is really 5$ for just providing that key and not loosing the private key. If #3 thinks 1% is too little, please make a counter offer.

Also I was looking for the chargeback period and didn't find anything useful yet. Do you have a link to that 180 days?

#3 gets the original deal at the beginning. Evidence can be collected from my Paypal account. If I don't provide access consider me a fraud.

That's a good point. I really have no idea what criteria would be sufficient. What would you consider trustful?

Yes, that's the risk on a 2/2 multisig deal. My idea first idea was that the other party has to take the risk and compensate with an appropriate commission. Also I offer to start with low value deals, so that it might not hurt too much if I really would be such a troll. However I suggested to do a 2/3 multisig deal with an independent third signer. I'm asking here for such a signer: https://bitcointalk.org/index.php?topic=3648604
Now with a third signer, he can step in that case and sign the transaction with the other party. The only risk left, is that I and that third person are conspiring. But I hope to find somebody who has enough reputation. I could also offer to go for a 2/4 multisig, so that every party offers an independent third and fourth signer, but I think this makes it needless complicated. But I'm totally open for any suggestions.

I am buying BTC with Paypal. The other party is selling BTC and receiving USD with Paypal. The seller has to send the BTC to me (actually to a shared Multisig address). I'm Sorry if I was unclear at some point.

Hi
I'm looking for a reputable forum member who would play the third signer on a 2/3 multisig address. I'm trying to buy BTC with Paypal: https://bitcointalk.org/index.php?topic=3643378

Your role would be an independent entity who would have to decide who gets the funds in case of a disagreement. All you have to do is not loosing your private key for that multisig address. You would get 1% of the transferred BTC at the end of the deal. I'm planing on doing this regularly in the region of up to 3000$/180days, but the first transactions would be of low value (e.g. 50$), to grow confidence. In the expected case you only have to provide your public multisig key once and do nothing besides receiving your 1% share. Only in case of a dispute you will have to step in.

Reputable is someone with a positive trust score, more than 1 year registered, more than 100 messages and active profile.

Dispute process
As the third signer your most important task is not loosing your private key (or the generation seed) for our shared address. For each deal you received the details at the beginning. A deal is me buying x BTC for y USD from seller. In case of a dispute I will give you access to my Paypal account where you can make an informed decision. If that doesn't happen or there is any doubt err on the side of the seller.

Hi
I want to buy BTC with Paypal. Before you wonder, yes I just created this account to do this, as I failed to find anything to do that in the internet. This is my last hope to achieve that.

I am aware of the risk that a seller has to take. Therefore I suggest to hold the BTC on a 2/3 multisig address until the Paypal charge back period (181 days) is over. We find a reputable third signer on this forum (https://bitcointalk.org/index.php?topic=3648604) who might step in in case of a dispute. To mitigate the risk of me charging back in case of a rate change, I will also fund the multisig wallet with a deposit. I'm planing to have a long term partnership in the region of 3000$/181days. Also I gave a reputable forum member more detail about my backstory, See https://bitcointalk.org/index.php?topic=3643378.msg36993786#msg36993786


The process

1. We agree on a price for your BTC which consists of the current GDAX rate plus your commission
2. We exchange our public keys for the new multisig wallet for this transaction (can be reused for follow up transactions)
3. I fund our shared wallet with a deposit which matches 100% of the agreed BTC from 1)
4. You fund our shared wallet with the agreed BTC from 1).
5. I send the agreed USD from 1) to you via Paypal
6. After the chargeback period (181 days) you will sign a partially signed transaction which I gave you before hand.

We both know that the rate might have changed drastically when 6) happens. There will be no discussions about the rate after we agreed on that in 1). In case of a dispute we might have the third signer of the 2/3 multisig address to step in.