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December 06, 2017, 04:14:33 AM |
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There are few ways to transfer funds from paypal to a BTC wallet and they aren´t cheap, since I don´t use P2P exchanges, I only will show some alternatives I have been using for awhile.
********* USD from paypal to a BTC wallet using VIRWOX (AKA THE DISGUSTING WAY) ********* It takes a lot of steps, at the end of the process they reward you with an insufferable 24% commision and they keep some money thanks to their "minimal" tradeable amount policy (which is brilliant if you are the Virwox owner)
********* USD from paypal to a BTC wallet using UPHOLD/AIRTM (fees are so close to virwox but hey! they use smoother web interfaces) ********* you have to use uphold and airtm accounts together, three pros: 1) paypal works with airtm and airtm works with uphold, 2) You can fund/withdraw fiat money from/to your bank account and crytocoins wallets, 3) You can create your own wallets within uphold.
Now the steps and the math: 1) SEND USD from paypal to airtm (fee 21.5% + 0.30) 2) SEND USD from airtm to uphold (fee 2.5% + 0.30) 3) within uphold, convert USD to BTC (fee 1.05%) 4) SEND BTC from your uphold wallet to an external wallet (Network fee 0.0007 BTC)
as you can see, both methods takes a lot of steps, they are relatively secure and high fees
There is other alternative but it is in development yet
Stop using paypal and use airtm because you can receive/send or fund/withdraw fiat money using a very long list of sources including your bank account and soon crytocoin wallets, this last part is what I waiting for, because in the next future I will receive all the USD payment from my customers in my airtm account, convert to BTC and send to my external wallets.
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