Classified Ads on Ebay for Bitcoins

[gbg_987]

Hello All,

I am new to the forum. Used to sell my bitcoins on ebay and quickly found out that a buyer could screw you over easy. Now I find that there are only classified ads on ebay and wondered if the policy changed for those? There is a guy who had an ad for bitcoins significantly lower than market value and would sell them to me through paypal. Thought I could buy them and sell them on coinbase. However, I would like to know if there are no safeguards as a buyer in the classifed ad thing

Thanks
Brian

[pawel7777]

Hi Brian,

Yes, ebay changed listing rules some time ago, they've created separate sub-category for cryptocurrency, but you can only list them as classified ads.

There is a guy who had an ad for bitcoins significantly lower than market value and would sell them to me through paypal. Thought I could buy them and sell them on coinbase. However, I would like to know if there are no safeguards as a buyer in the classifed ad thing

That doesn't make sense, why would anyone sell below market value? Unless he only got small amount of BTC and it's not worth his time to sign up to coinbase/bitstamp etc.

My guess is he's trying to scam you into sending him money as a 'gift payment', so if he doesn't send you BTC, you cannot start a dispute, the only way for you to get your money back afaik would be lying to paypal that your account has been hacked etc

I'd steer clear of it. But if you decide to buy, do it in a small tranches.

[Itsumo]

Hi Brian,

Yes, ebay changed listing rules some time ago, they've created separate sub-category for cryptocurrency, but you can only list them as classified ads.

There is a guy who had an ad for bitcoins significantly lower than market value and would sell them to me through paypal. Thought I could buy them and sell them on coinbase. However, I would like to know if there are no safeguards as a buyer in the classifed ad thing

That doesn't make sense, why would anyone sell below market value? Unless he only got small amount of BTC and it's not worth his time to sign up to coinbase/bitstamp etc.

My guess is he's trying to scam you into sending him money as a 'gift payment', so if he doesn't send you BTC, you cannot start a dispute, the only way for you to get your money back afaik would be lying to paypal that your account has been hacked etc

I'd steer clear of it. But if you decide to buy, do it in a small tranches.

Hello All,

I am new to the forum. Used to sell my bitcoins on ebay and quickly found out that a buyer could screw you over easy. Now I find that there are only classified ads on ebay and wondered if the policy changed for those? There is a guy who had an ad for bitcoins significantly lower than market value and would sell them to me through paypal. Thought I could buy them and sell them on coinbase. However, I would like to know if there are no safeguards as a buyer in the classifed ad thing

Thanks
Brian

Great information you got here sir.. You have to make a different thread out of this.

[gbg_987]

Well he sent me an invoice, and it he put that it was for BTC in the description. Also the invoice was for goods and not a gift to friends or family.

[pawel7777]

Well he sent me an invoice, and it he put that it was for BTC in the description. Also the invoice was for goods and not a gift to friends or family.

Sounds like he's taking all the risk. If he doesn't send BTC, you should be able to claim the money back from paypal.

[gbg_987]

Guess Ill take the plunge and find out.