Is prohibited to sell Bitcoins over Paypal?

[amacar2]

Yes it is clearly mentioned in their TOS and if they find out that your account is linked with any of such transactions, your funds might get frozen. Also you will have a risk of getting scammed by the one who pays you in paypal through chargebacks which they can file even a month after the transaction.

It is actually unsafe to sell your bitcoin for any reversible payment gateways like paypal, skrill etc.

[joromz1226]

people are using Paypal to buy digital currencies (aka bitcoin) but that doesn't make it OK. you should read Paypal's ToS you can see that they are clearly stating they are not happy about it and will block you!
i am not using Paypal but i have seen people who got their accounts blocked just because they used it to buy/sell bitcoin.

and because of that things, I think it is one of the disadvantages of Paypal. Imagine most of the Paypal users are crypto believers or crypto enthusiast. This what all I know about in Paypal.

[guigsa]

I have just found out that you can withdraw funds to Paypal using Coinbase,
https://support.coinbase.com/customer/portal/articles/2458534

I suppose they are not violating Paypal ToS. Or they might have a special agreement with them?

[squatz1]

See you may be able to get away with it for sometime, but don't think that you're going to be making an income from it forever. It's going to burn you when you have a ton of money stuck in that PP account and then you get shit on because Paypal has locked / limited your account and now wants to know what you're doing with all this money. It really does suck and it did happen to me when I was a trader on Paxful, my account was locked up for around 6 months and I lost out on all the revenue (potential) and all the money that was in there for that time.

I wouldn't do it if this is your personal account, plus you're also going to need to work within the laws of your countries money transmitting licenses and such to be able to work legally within your country. The last thing you want is the taxman coming at you with tons of fees asking for their money and you just using this as a side business losing it all due to this.

Be careful bud, I wouldn't do it.

[0t3p0t]

I found some articles about it,
https://www.entrepreneur.com/article/231302
https://www.paypal-community.com/t5/About-Business/Selling-Bitcoin-is-Against-PayPal-Policy/td-p/1215793

Do anyone have any experience about this?

Got really concerned.

Thanks.

I find it risky to use paypal in tading bitcoins today. A lot of people getting scammed these days due to the charge back. The best thing to do is we need to know the person first before the transaction or better transact with trusted buyer or seller. That is the only thing we can do to secure our money from fraud.

[guigsa]

See you may be able to get away with it for sometime, but don't think that you're going to be making an income from it forever. It's going to burn you when you have a ton of money stuck in that PP account and then you get shit on because Paypal has locked / limited your account and now wants to know what you're doing with all this money. It really does suck and it did happen to me when I was a trader on Paxful, my account was locked up for around 6 months and I lost out on all the revenue (potential) and all the money that was in there for that time.

I wouldn't do it if this is your personal account, plus you're also going to need to work within the laws of your countries money transmitting licenses and such to be able to work legally within your country. The last thing you want is the taxman coming at you with tons of fees asking for their money and you just using this as a side business losing it all due to this.

Be careful bud, I wouldn't do it.

But you did these trades using personal account or business? And what volume?

[sweetbet]

You can sell and buy Bitcoins with paypal through localbitcoins.com