Looking to purchase first bitcoin

[dotcom]

Hey, i'm new to the bitcoin world and looking to purchase my first btc.

If anybody would like to take a chance on me and sell me my first bitcoin, I'd greatly
appreciate the chance to learn the process.

I can pay $11 USD in return via paypal or your choice of an online gift card.

[1715195875]

1715195875

[1715195875]

1715195875

[1715195875]

1715195875

[LoupGaroux]

Hi! Welcome to bitcoin.

Nobody will sell bitcoin for paypal. There have been too many transactions that got burned badly by the buyer reversing the paypal transaction. In fact you are forbidden by paypal themselves from using their service to transact in bitcoins.

Gift cards being offered tend to be purchased with stolen credit card numbers, so you will have a similarly hard time finding takers for that offer too.

Go to an exchange, buy your bitcoins there.

And do yourself a favor and don't go looking for a loan in the first hour you are here either.

[anexsia]

Hey, i'm new to the bitcoin world and looking to purchase my first btc.

If anybody would like to take a chance on me and sell me my first bitcoin, I'd greatly
appreciate the chance to learn the process.

I can pay $11 USD in return via paypal or your choice of an online gift card.

Welcome! You might be able to find someone willing to take Paypal but like LoupGaroux said, most people are not willing to do it because of Paypal chargebacks. You could try using an exchange like Virwox which accepts Paypal and you can buy Linden Dollars and then exchange them for BTC. You could also setup a Dwolla account that kinda works like Paypal and some places except it (NOTE: You have to wait 30 days from your first successful deposit to use your Dwolla account in purchasing bitcoins).

[dotcom]

Thanks for your replies, i'm not looking for a loan, i'm looking for a trade.

I do see your point with the paypal/gift card payment options.

My only problem with using exchanges is that they rarely take payment directly and
you need to use 3rd party wallet/payment services. I've looked at alot (and I do mean
alot) of these places and they all seem to charge high rates or take a long time to
get started (like dwolla).

Would anybody be willing to do my first trade using escrow? $11, just one bitcoin. Again,
i'm just looking to learn the process.

[Graet]

Thanks for your replies, i'm not looking for a loan, i'm looking for a trade.

I do see your point with the paypal/gift card payment options.

My only problem with using exchanges is that they rarely take payment directly and
you need to use 3rd party wallet/payment services. I've looked at alot (and I do mean
alot) of these places and they all seem to charge high rates or take a long time to
get started (like dwolla).

Would anybody be willing to do my first trade using escrow? $11, just one bitcoin. Again,
i'm just looking to learn the process.

see what people don't understand is PayPAl can be charged back for 3 -6 months, are you willing to leave your Bitcoin in escrow until that time is passed?

I am not accusing you of anything, but this has been done way too many times for people to risk it anymore.

also
Onetime I bought Bitcoins for paypal (no risk to me) sometime later the money appeared back in my credit card - I had done nothing to start this.
when I contacted the person I bought from they told me they were forced to repay and close their account
I had Bitcoins and money AND I had done nothing to charge back.....
so whilst you might not, PayPal can do as they please - and innocent people lose out...

https://bitcointalk.org/index.php?topic=484.msg1082472#msg1082472

[dotcom]

so what your saying is even if a payment is made via credit card/paypal through escrow, the
money can still later be taken back even after the escrow transaction is complete?

[Topazan]

If you just want to play around with the software, maybe it would be better to go to one of the faucets or other "free" bitcoin sites.

[Graet]

so what your saying is even if a payment is made via credit card/paypal through escrow, the
money can still later be taken back even after the escrow transaction is complete?

not sure how you pay PayPal through escrow
what usually happens is Bitcoin are held in escrow while other payment method clears, or goods delivered etc.

PayPal is reversible, even when the person spending it doesn't want it to be was my point. Bitcoin is not.

[dotcom]

so what your saying is even if a payment is made via credit card/paypal through escrow, the
money can still later be taken back even after the escrow transaction is complete?

not sure how you pay PayPal through escrow
what usually happens is Bitcoin are held in escrow while other payment method clears, or goods delivered etc.

PayPal is reversible, even when the person spending it doesn't want it to be was my point. Bitcoin is not.

hmmm :9, alright

well thanks for your help man, I guess i'll try and seek out other options.

[jwzguy]

so what your saying is even if a payment is made via credit card/paypal through escrow, the
money can still later be taken back even after the escrow transaction is complete?

not sure how you pay PayPal through escrow
what usually happens is Bitcoin are held in escrow while other payment method clears, or goods delivered etc.

PayPal is reversible, even when the person spending it doesn't want it to be was my point. Bitcoin is not.

hmmm :9, alright

well thanks for your help man, I guess i'll try and seek out other options.

Did you check out https://localbitcoins.com/ or http://btcnearme.com/ ?

[dotcom]

Did you check out https://localbitcoins.com/ or http://btcnearme.com/ ?

nah I didn't, thanks for posting the sites

looks like the closest on localbit is 43.3 miles unfortunately

i posted on btcnear, hopefully i'll get a response

[jwzguy]

Did you check out https://localbitcoins.com/ or http://btcnearme.com/ ?

nah I didn't, thanks for posting the sites

looks like the closest on localbit is 43.3 miles unfortunately

i posted on btcnear, hopefully i'll get a response

Hopefully Bitfloor will be back online soon. That's the easiest way to buy small amounts without paying huge fees.

[dotcom]

Did you check out https://localbitcoins.com/ or http://btcnearme.com/ ?

nah I didn't, thanks for posting the sites

looks like the closest on localbit is 43.3 miles unfortunately

i posted on btcnear, hopefully i'll get a response

Hopefully Bitfloor will be back online soon. That's the easiest way to buy small amounts without paying huge fees.

I'll write down the url and keep an eye out for it, thanks for the pointer

[camjenk]

paypal = too risky/not worth it

[Gladamas]

Hello dotcom,

If you live in the United States you can use http://www.bitinstant.com/ to deposit money at a 7-11, Walmart, or Bank of America/Wells Fargo. If you have a US bank account you can also send money via Chase Quickpay, that can be used to purchase BTC (regardless of whether you have a Chase bank account or not.) I would be more than willing to help you with this if you want.

Cheers

[dotcom]

Hello dotcom,

If you live in the United States you can use http://www.bitinstant.com/ to deposit money at a 7-11, Walmart, or Bank of America/Wells Fargo. If you have a US bank account you can also send money via Chase Quickpay, that can be used to purchase BTC (regardless of whether you have a Chase bank account or not.) I would be more than willing to help you with this if you want.

Cheers

so i looked up that chase quickpay thing, looks like an extremely easy way to trade. but my understanding is atleast one of the parties has to be a chase member?

[Gladamas]

Hello dotcom,

If you live in the United States you can use http://www.bitinstant.com/ to deposit money at a 7-11, Walmart, or Bank of America/Wells Fargo. If you have a US bank account you can also send money via Chase Quickpay, that can be used to purchase BTC (regardless of whether you have a Chase bank account or not.) I would be more than willing to help you with this if you want.

Cheers

so i looked up that chase quickpay thing, looks like an extremely easy way to trade. but my understanding is atleast one of the parties has to be a chase member?

That is correct. Many members on here and #bitcoin-otc are Chase members though, including myself.

[dotcom]

Hello dotcom,

If you live in the United States you can use http://www.bitinstant.com/ to deposit money at a 7-11, Walmart, or Bank of America/Wells Fargo. If you have a US bank account you can also send money via Chase Quickpay, that can be used to purchase BTC (regardless of whether you have a Chase bank account or not.) I would be more than willing to help you with this if you want.

Cheers

so i looked up that chase quickpay thing, looks like an extremely easy way to trade. but my understanding is atleast one of the parties has to be a chase member?

That is correct. Many members on here and #bitcoin-otc are Chase members though, including myself.

would you be willing to do this 1 bitcoin trade with me via chase quickpay? you'd have to walk me through the quickpay process though :0

[Gladamas]

Hello dotcom,

If you live in the United States you can use http://www.bitinstant.com/ to deposit money at a 7-11, Walmart, or Bank of America/Wells Fargo. If you have a US bank account you can also send money via Chase Quickpay, that can be used to purchase BTC (regardless of whether you have a Chase bank account or not.) I would be more than willing to help you with this if you want.

Cheers

so i looked up that chase quickpay thing, looks like an extremely easy way to trade. but my understanding is atleast one of the parties has to be a chase member?

That is correct. Many members on here and #bitcoin-otc are Chase members though, including myself.

would you be willing to do this 1 bitcoin trade with me via chase quickpay? you'd have to walk me through the quickpay process though :0

Yeah sure, it would have to be tomorrow though (after 2:00 Pacific Time) since I need to get some sleep now... *yawn*

[dotcom]

sure thing, i'll be on