Bitcoin Mining & Paypal

[MARK 888]

you can buy Bitcoin Mining Hardware tools throw paypal but why can’t buy bitcoin by paypal


is this logical ?

[Notmyfault7]

hmmmmm because hardware toool is just a commodity?

[r0nald82]

hmm intriguing question  perhaps because paypal is also digital currencies which is already approved worldwide in centralized system, yet bitcoin don't.
And paypal doesn't or don't want to take risk by receiving payment in bitcoin because not much country is admitted and receiving bitcoin as payment currencies.
Not to mention the price of bitcoin that keeps up and down.

[salmanahmedone]

you can buy Bitcoin Mining Hardware tools throw paypal but why can’t buy bitcoin by paypal


is this logical ?

Never had an issue buying Bitcoin with any form of payment, including PP. Maybe it is something in your country, PP has weird polices and blockers. The USA is fine as paint for using PayPal for BTC, I never do that, but the option is there if I choose, as well as hundreds of other options.

[fanatic26]

sometimes the questions on this site make my brain hurt

[HeRetiK]

you can buy Bitcoin Mining Hardware tools throw paypal but why can’t buy bitcoin by paypal


is this logical ?

Miners are physical, Bitcoin is virtual. PayPal has a negative stance towards virtual goods in general, not just crypto-currencies. Possibly due to legal reasons, with the trade of physical goods having a more clear-cut legal framework than virtual goods.

[richkellj]

you can buy Bitcoin Mining Hardware tools throw paypal but why can’t buy bitcoin by paypal


is this logical ?

Paypal is a payment method and as much as you can pay someone or a company via paypal to purchase a mining gadget is the same way you can pay someone on localbotcoin or even use paxfu to purchase bitcoin via paypal. Even on this forum, there are so many people who can send you bitcoins in exchange via payment using paypal. So, I do not understand the basis of your question and please you guys should make use of the internet rather than posting shitty things like this here on this forum (no offence)

[allcloudminers]

You can buy Bitcoin via PayPal. You will not get the best exchange rate.

Companies that provide this service is Localbitcoins, Paxful, Paybis and Virwox

Read more about it here: http://www.cryptocoinzone.com/2017/08/buy-bitcoin-paypal/

[h0lybyte]

you can buy Bitcoin Mining Hardware tools throw paypal but why can’t buy bitcoin by paypal


is this logical ?

The paypal and bitcoin have a vast differance on buying and spending between shops and individuals.
While buying with paypal requires fully verified account and the buyer has power of cahrge back over individual payments.
On the other side, bitcoin is anonymous,leaves no identification behind its transactions. That's why paypal does not allow us to exchange with cryptocurrency.

[krishnapramod]

you can buy Bitcoin Mining Hardware tools throw paypal but why can’t buy bitcoin by paypal


is this logical ?

From PayPal's perspective, it is logical, buying a physical item is different from using their service to operate as a currency exchange which is against their terms.

You may not use the PayPal service for activities that involve currency exchanges or check cashing businesses.

So according to this policy, selling of Bitcoin comes under currency exchange business.

https://www.paypal.com/us/webapps/mpp/ua/acceptableuse-full#prohibited-activities

[ethereumhunter]

you can buy Bitcoin Mining Hardware tools throw paypal but why can’t buy bitcoin by paypal


is this logical ?

i think its logical for paypal because paypal makes something for buyer and seller to become easy to make transaction and the stuff that is selling by paypal is integrate with the system. but for people which want to buy bitcoin with paypal, i think paypal is not ready to make integration with the system. but soon after paypal integrate their system with blockchain, i think we can buy bitcoin with paypal.

[illusioNiZt]

You can buy Bitcoin through Paypal I have seen people selling BTC for PP on here, although many people don't like to trade for PP due to the chargeback issues there are exchanges which allow you to buy via Paypal as well depends on your country.

[eagleman]

you can buy Bitcoin Mining Hardware tools throw paypal but why can’t buy bitcoin by paypal


is this logical ?

Throw or through? I understand the logic what are you trying to say but to correct you we can buy bitcoin through PayPal. You can use virwox with your PayPal funds if you want to have some bitcoin.

You can buy Bitcoin through Paypal I have seen people selling BTC for PP on here, although many people don't like to trade for PP due to the chargeback issues there are exchanges which allow you to buy via Paypal as well depends on your country.

Yes we can buy also through the people here on forum who are selling their bitcoin for PayPal funds so I got your logic but maybe he isn't just aware of what he's asking about PayPal funds for bitcoin.

[MARK 888]

sometimes the questions on this site make my brain hurt

hmmmmm because hardware toool is just a commodity?

My ask only if PP not allow to Direct exchange Between Bitcoin to paypal why allow Sell Bitcoin hardware (which used to make bitcoin) like

Allow farmers to grow cannabis but Banned others to Smoke cannabis