Is it fine to sell BTC on ebay ? This guy got a hell of a good price for 0.5BTC
http://www.ebay.co.uk/itm/291027673039?_trksid=p2055119.m1438.l2649&ssPageName=STRK%3AMEBIDX%3AIT he asks for payment through paypal....am I right in thinking its not a good idea to recieve payment through paypal for selling BTC ? as the buyer can easily dispute the sending of the transaction and therefore get a refund and keep his BTC ?
Also if you do sell some BTC do you need to donate a miners fee to speed up the transaction ? this video suggests if you dont put in a miners fee the transaction can take days!!
https://www.youtube.com/watch?v=c9TitxtxNZ4I can imagine if you'd just bought some BTC and you didnt recieve it within an hour or so you be getting pretty uptight!
https://bitcointalk.org/index.php?topic=14632.0Money sent through PayPal and any other money transfer service that accepts credit cards can be easily reversed by the sender, even after several weeks. Therefore, you should only accept PayPal in trades with people you trust very highly.
This is why newbies are not likely to sell their PayPal USD for bitcoins successfully.
Some other services that are not totally safe:
- Bank transfers (ACH, etc.) except wire transfers
- Most gift cards.
- Moneypak
- AlertPay
- Paysafecards
- Dwolla
- Western Union (they reportedly will sue the recipient to recover money in some cases)