Bitcoin Forum
December 12, 2017, 07:36:21 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: exchanging bitcoins to paypal.. how to avoid fees?  (Read 694 times)
HarryHood
Newbie
*
Offline Offline

Activity: 22


View Profile
November 04, 2015, 03:12:42 PM
 #1

So recently I won big on cloud bet. I wanted to exchange .5 BTC ($242) from my account on cloud bet to my paypal so, I withdraw them into my virwox account. Transferred them from BTC to SLL and then to USD and then I only ended up with $177 in my account.
Could someone explain to me maybe a cheaper way to transfer my bit coins to my paypal? Thanks. Sorry if this is the wrong forum to ask this in.
Can anyone help me here? I know I'm a new be
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Joel_Jantsen
Hero Member
*****
Offline Offline

Activity: 812


You heard of Nemesis ?


View Profile WWW
November 04, 2015, 03:59:48 PM
 #2

Why would you want to  transfer it to paypal? Paypal is doing bad at the moment,most of the CPA,PPD etc campaigns have cancelled their mode of payment as paypal!You could transfer your bitcoins to your local wallet and then withdraw it directly to your bank wire accounts via some exchange and that service is free of cost.

.BitDice.               ▄▄███▄▄
           ▄▄██▀▀ ▄ ▀▀██▄▄
      ▄▄█ ▀▀  ▄▄█████▄▄  ▀▀ █▄▄
  ▄▄██▀▀     ▀▀ █████ ▀▀     ▀▀██▄▄
██▀▀ ▄▄██▀      ▀███▀      ▀██▄▄ ▀▀██
██  ████▄▄       ███       ▄▄████  ██
██  █▀▀████▄▄  ▄█████▄  ▄▄████▀▀█  ██
██  ▀     ▀▀▀███████████▀▀▀     ▀  ██
             ███████████
██  ▄     ▄▄▄███████████▄▄▄     ▄  ██
██  █▄▄████▀▀  ▀█████▀  ▀▀████▄▄█  ██
██  ████▀▀       ███       ▀▀████  ██
██▄▄ ▀▀██▄      ▄███▄      ▄██▀▀ ▄▄██
  ▀▀██▄▄     ▄▄ █████ ▄▄     ▄▄██▀▀
      ▀▀█ ▄▄  ▀▀█████▀▀  ▄▄ █▀▀
           ▀▀██▄▄ ▀ ▄▄██▀▀
               ▀▀███▀▀
        ▄▄███████▄▄
     ▄███████████████▄
    ████▀▀       ▀▀████
   ████▀           ▀████
   ████             ████
   ████ ▄▄▄▄▄▄▄▄▄▄▄ ████
▄█████████████████████████▄
██████████▀▀▀▀▀▀▀██████████
████                   ████
████                   ████
████                   ████
████                   ████
████                   ████
████▄                 ▄████
████████▄▄▄     ▄▄▄████████
  ▀▀▀█████████████████▀▀▀
        ▀▀▀█████▀▀▀
▄▄████████████████████████████████▄▄
██████████████████████████████████████
█████                            █████
█████                            █████
█████                            █████
█████                            █████
█████                     ▄▄▄▄▄▄▄▄▄▄
█████                   ▄█▀▀▀▀▀▀▀▀▀▀█▄
█████                   ██          ██
█████                   ██          ██
█████                   ██          ██
██████████████████▀▀███ ██          ██
 ████████████████▄  ▄██ ██          ██
   ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ██          ██
             ██████████ ██          ██
           ▄███████████ ██████▀▀██████
          █████████████  ▀████▄▄████▀
[/]
Shogen
Legendary
*
Offline Offline

Activity: 966



View Profile
November 04, 2015, 04:11:25 PM
 #3

So recently I won big on cloud bet. I wanted to exchange .5 BTC ($242) from my account on cloud bet to my paypal so, I withdraw them into my virwox account. Transferred them from BTC to SLL and then to USD and then I only ended up with $177 in my account.
Could someone explain to me maybe a cheaper way to transfer my bit coins to my paypal? Thanks. Sorry if this is the wrong forum to ask this in.

Virwox has been known for having a high fee for a long time, and you should be aware of that before using its service. Apart from using it, you may try to find someone buying bitcoin for PP on https://bitcointalk.org/index.php?board=53.0 or on localbitcoins, but please check the person's trade history and avoid suspicious users.

HarryHood
Newbie
*
Offline Offline

Activity: 22


View Profile
November 04, 2015, 04:32:52 PM
 #4

Why would you want to  transfer it to paypal? Paypal is doing bad at the moment,most of the CPA,PPD etc campaigns have cancelled their mode of payment as paypal!You could transfer your bitcoins to your local wallet and then withdraw it directly to your bank wire accounts via some exchange and that service is free of cost.
I don't like to use my bank account cause they charge me so many fees. thats why i use paypal.
HarryHood
Newbie
*
Offline Offline

Activity: 22


View Profile
November 04, 2015, 04:53:42 PM
 #5

So recently I won big on cloud bet. I wanted to exchange .5 BTC ($242) from my account on cloud bet to my paypal so, I withdraw them into my virwox account. Transferred them from BTC to SLL and then to USD and then I only ended up with $177 in my account.
Could someone explain to me maybe a cheaper way to transfer my bit coins to my paypal? Thanks. Sorry if this is the wrong forum to ask this in.

Virwox has been known for having a high fee for a long time, and you should be aware of that before using its service. Apart from using it, you may try to find someone buying bitcoin for PP on https://bitcointalk.org/index.php?board=53.0 or on localbitcoins, but please check the person's trade history and avoid suspicious users.
ok i might try that, what do you have to do exactly?
XinXan
Hero Member
*****
Offline Offline

Activity: 672



View Profile
November 04, 2015, 06:40:06 PM
 #6

So recently I won big on cloud bet. I wanted to exchange .5 BTC ($242) from my account on cloud bet to my paypal so, I withdraw them into my virwox account. Transferred them from BTC to SLL and then to USD and then I only ended up with $177 in my account.
Could someone explain to me maybe a cheaper way to transfer my bit coins to my paypal? Thanks. Sorry if this is the wrong forum to ask this in.

Virwox has been known for having a high fee for a long time, and you should be aware of that before using its service. Apart from using it, you may try to find someone buying bitcoin for PP on https://bitcointalk.org/index.php?board=53.0 or on localbitcoins, but please check the person's trade history and avoid suspicious users.
ok i might try that, what do you have to do exactly?

You wont avoid fees by using localbitcoins, technically you will but they will probably ask for a higher price than what bitcoin is at the moment so in the end it will be the same, exchanges that allow you to transfer to paypal charge really high fees, btc-e for example charges 7% which is not extremely high but yea. Of course you can always go to an exchange, sell the bitcoins and just store your money there until you find a good way to withdraw them because bitcoin could go down at any moment.

HarryHood
Newbie
*
Offline Offline

Activity: 22


View Profile
November 04, 2015, 08:40:10 PM
 #7

ok local bit coins seems legit. Still looking for an easily way to transfer my BTC into cash, with little to no fees involved.
achow101
Staff
Legendary
*
Offline Offline

Activity: 1246


17kKQppUsngUiByDsce4JXoZEjjpvX9bpR


View Profile WWW
November 04, 2015, 09:10:38 PM
 #8

You can try localbitcoins or the currency exchange section here. Either should be fine, but always check the feedback of the seller since you are receiving paypal. Paypal is reversible, so the seller could potentially scam you by initiating a chargeback. You can actually sell your bitcoin at a premium for paypal since you are taking the risk of the other person initiating a chargeback.

txfxtrader
Jr. Member
*
Offline Offline

Activity: 32


View Profile
November 04, 2015, 10:03:27 PM
 #9

You can try localbitcoins or the currency exchange section here. Either should be fine, but always check the feedback of the seller since you are receiving paypal. Paypal is reversible, so the seller could potentially scam you by initiating a chargeback. You can actually sell your bitcoin at a premium for paypal since you are taking the risk of the other person initiating a chargeback.

I will not accept PayPal for payment any longer for btc because I was defrauded on 2 separate occasions. The seller will not have protection dealing with digital goods. It can be found in there terms and conditions. I have spent countless hours on the phone with them trying recover my money.  
achow101
Staff
Legendary
*
Offline Offline

Activity: 1246


17kKQppUsngUiByDsce4JXoZEjjpvX9bpR


View Profile WWW
November 04, 2015, 10:09:10 PM
 #10

You can try localbitcoins or the currency exchange section here. Either should be fine, but always check the feedback of the seller since you are receiving paypal. Paypal is reversible, so the seller could potentially scam you by initiating a chargeback. You can actually sell your bitcoin at a premium for paypal since you are taking the risk of the other person initiating a chargeback.

I will not accept PayPal for payment any longer for btc because I was defrauded on 2 separate occasions. The seller will not have protection dealing with digital goods. It can be found in there terms and conditions. I have spent countless hours on the phone with them trying recover my money.  
Which is why people charge premiums for it and most people will only sell bitcoin for paypal to people with trust. So when you sell for paypal, always check the feedback of the person you are selling to.

txfxtrader
Jr. Member
*
Offline Offline

Activity: 32


View Profile
November 04, 2015, 10:18:28 PM
 #11

You can try localbitcoins or the currency exchange section here. Either should be fine, but always check the feedback of the seller since you are receiving paypal. Paypal is reversible, so the seller could potentially scam you by initiating a chargeback. You can actually sell your bitcoin at a premium for paypal since you are taking the risk of the other person initiating a chargeback.

I will not accept PayPal for payment any longer for btc because I was defrauded on 2 separate occasions. The seller will not have protection dealing with digital goods. It can be found in there terms and conditions. I have spent countless hours on the phone with them trying recover my money.  
Which is why people charge premiums for it and most people will only sell bitcoin for paypal to people with trust. So when you sell for paypal, always check the feedback of the person you are selling to.

In both cases the buyers had positive feedback on eBay. Come to find out, both accounts were accessed by an unauthorized third party. I am going to contact eBay and demand seller protection due to them allowing both accounts on their site to be compromised. They want to say take it up with PayPal because that is where the claim is opened. I say to eBay that they are responsible to protect members when they have been defrauded.
Amph
Legendary
*
Offline Offline

Activity: 1722



View Profile
November 05, 2015, 07:28:57 AM
 #12

try coinimal fee should be minimum when selling btc for paypal, but if you're talking about paypal fee, there is nothing that you can really do
Furio
Legendary
*
Offline Offline

Activity: 868


BTC | LTC | PPC | EFL | NLG | ZEIT | XPM | DOGE(D)


View Profile
November 05, 2015, 09:46:42 AM
 #13

Bitwa.la does it wit 0,5% fee, doesnt get better than that I think Smiley
XinXan
Hero Member
*****
Offline Offline

Activity: 672



View Profile
November 05, 2015, 10:06:31 AM
 #14

Bitwa.la does it wit 0,5% fee, doesnt get better than that I think Smiley

I never heard of them until now, i searched a bit on bitcointalk and it seems they are legit, the 0.5% fee is pretty good and i see they accept paypal now too, definitely something to look into.

Mickeyb
Hero Member
*****
Offline Offline

Activity: 798

Move On !!!!!!


View Profile
November 05, 2015, 10:27:02 AM
 #15

Like Amph has said I would also try Coinimal. This is a new service but owner is reputable and gives you great rates for Paypal.

Virwox, they are bunch of crooks. I am surprised that you haven't investigated this before you used them. They are robbing people by taking 20% of their money. Stay away in future!
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!