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Author Topic: NEWBIE Looking to exchange $1,000 Paypal to bitcoin. Will anyone help me out  (Read 818 times)
lambruh (OP)
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September 22, 2016, 04:32:59 AM
 #1

Been searching all day today to figure out the best place to transfer $$ in my PP to bitcoin.

So far i've found localbitcoin and atombit to have outrageous rates and low limits

I have a verified paypal account and am willing to work with anyone to exchange it over time in incriments until trust is built (little by little to larger and larger)

Obviously this is my first post and may look sketchy, I simply just don't exchange Paypal to BC often so I never go on forums.  My usual form is using a BTC machine downtown with cash.

Appreciate any feedback  Grin
adriaymati58
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September 22, 2016, 04:53:47 AM
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This is a long shot and I doubt you will get many offers with low fees, you can expect to get around 15-25% if your lucky and not get red flagged for buying btc using paypal as a newbie.

The best is yet to come!
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September 22, 2016, 05:12:10 AM
 #3

Been searching all day today to figure out the best place to transfer $$ in my PP to bitcoin.

So far i've found localbitcoin and atombit to have outrageous rates and low limits

I have a verified paypal account and am willing to work with anyone to exchange it over time in incriments until trust is built (little by little to larger and larger)

Obviously this is my first post and may look sketchy, I simply just don't exchange Paypal to BC often so I never go on forums.  My usual form is using a BTC machine downtown with cash.

Appreciate any feedback  Grin
I think you can try using virwox service although their fees is high, exchanging $1,000 in reversible service like paypal is dangerous and you are newbie although you can building good reputation. It will need much time for you. Good luck.
Timelord2067
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September 22, 2016, 05:12:49 AM
 #4

Been searching all day today to figure out the best place to transfer $$ in my PP to bitcoin.

So far i've found localbitcoin and atombit to have outrageous rates and low limits

I have a verified paypal account and am willing to work with anyone to exchange it over time in incriments until trust is built (little by little to larger and larger)

Obviously this is my first post and may look sketchy, I simply just don't exchange Paypal to BC often so I never go on forums.  My usual form is using a BTC machine downtown with cash.

Appreciate any feedback  Grin

I shouldn't have to say this, but here goes:

Beware of PayPal and other reversible transfer services https://bitcointalk.org/index.php?topic=14632.0

lambruh (OP)
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September 22, 2016, 05:24:16 AM
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This is a long shot and I doubt you will get many offers with low fees, you can expect to get around 15-25% if your lucky and not get red flagged for buying btc using paypal as a newbie.

I understand, it is a longshot.   I'm willing to negotiate any terms necessary.  Whatever ways to build trust between on another, i'm open to.

Just trying to figure out my options and right now I really only have a couple.

It doesn't have to be $1200 all in one exchange.  $50 here,  $100 there,  $200 here, $300 there.  Whatever can work

If this doesn't work, i'll just stick to my limited $20 daily BC incriments i'm getting from AtomBit lol.   All in all, appreciate the feedback
Pulithey1986
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September 22, 2016, 06:56:12 AM
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This is a long shot and I doubt you will get many offers with low fees, you can expect to get around 15-25% if your lucky and not get red flagged for buying btc using paypal as a newbie.

I understand, it is a longshot.   I'm willing to negotiate any terms necessary.  Whatever ways to build trust between on another, i'm open to.

Just trying to figure out my options and right now I really only have a couple.

It doesn't have to be $1200 all in one exchange.  $50 here,  $100 there,  $200 here, $300 there.  Whatever can work

If this doesn't work, i'll just stick to my limited $20 daily BC incriments i'm getting from AtomBit lol.   All in all, appreciate the feedback
what is the source of these funds and i checked that site you use that has a $20 limit and it says it also has a 1Btc for verified paypal accounts a days, so why don,'t you just verify the account and buy 1btc today and the other tomorrow instead of wasting your time here buying $50/$100?
lambruh (OP)
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September 22, 2016, 07:19:39 AM
 #7

This is a long shot and I doubt you will get many offers with low fees, you can expect to get around 15-25% if your lucky and not get red flagged for buying btc using paypal as a newbie.

I understand, it is a longshot.   I'm willing to negotiate any terms necessary.  Whatever ways to build trust between on another, i'm open to.

Just trying to figure out my options and right now I really only have a couple.

It doesn't have to be $1200 all in one exchange.  $50 here,  $100 there,  $200 here, $300 there.  Whatever can work

If this doesn't work, i'll just stick to my limited $20 daily BC incriments i'm getting from AtomBit lol.   All in all, appreciate the feedback
what is the source of these funds and i checked that site you use that has a $20 limit and it says it also has a 1Btc for verified paypal accounts a days, so why don,'t you just verify the account and buy 1btc today and the other tomorrow instead of wasting your time here buying $50/$100?
Funds in my PP are from linked Debit and CC's, with an actual PP balance to

Atombit isn't a site, it's an IOS bitcoin wallet

LIke other wallets, after a certain amount of transactions they raise your daily/monthly limit.

I have been purchasing $20 worth of BTC through them the past 3 days.  Seems to work okay, confirm transactions with my PP email and the BTC is deposited instantly.   Not quite sure how many transactioins it will take until they boost my daily limit

i'm not really wasting my time, i'm just trying to explore every option I have and seeing if anyone is willing to help.  If not, it's okay to 
Pulithey1986
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September 22, 2016, 07:38:59 AM
 #8

Funds from a credit cards are very easy to reverse even if paypal refuses to reverse the funds so dealing with you is a big issue so i doubt you will find a single person willing to even give you a single cent for your paypal.
lambruh (OP)
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September 22, 2016, 08:08:18 AM
 #9

no worries,  i have no problem using LBC, Paxful, Virwox (hell even ebay lol)  if noone here wants to offer

just exploring all options  Grin
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September 22, 2016, 08:41:54 AM
 #10

Been searching all day today to figure out the best place to transfer $$ in my PP to bitcoin.

So far i've found localbitcoin and atombit to have outrageous rates and low limits

I have a verified paypal account and am willing to work with anyone to exchange it over time in incriments until trust is built (little by little to larger and larger)

Obviously this is my first post and may look sketchy, I simply just don't exchange Paypal to BC often so I never go on forums.  My usual form is using a BTC machine downtown with cash.

Appreciate any feedback  Grin

if you have $1,000 in your Paypal account, then is you can search for several localbitcoins like 3-5 people and then you can buy from them, but make sure to nego the rate first before you buy bitcoin from them. i think you can get lower rate between one seller to another seller.

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September 22, 2016, 02:51:55 PM
 #11

I would like to do this service for you.
Instead of you getting $20 at a time from that site and it is CAD mind you so you get less than $20USD by something like 30%,
so I can offer you more in your paypal->USD worth of bitcoin conversion.

If you would like to do a deal with me just to try it out, just let me know.
I am available all the time for exchanges.
Thanks.

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lambruh (OP)
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September 23, 2016, 12:32:08 AM
 #12

I would like to do this service for you.
Instead of you getting $20 at a time from that site and it is CAD mind you so you get less than $20USD by something like 30%,
so I can offer you more in your paypal->USD worth of bitcoin conversion.

If you would like to do a deal with me just to try it out, just let me know.
I am available all the time for exchanges.
Thanks.

Appreciate it!  Can u send me a pm with more details and we can possibly work something out tomorrow (Fri) or Saturday?  Im in no hurry
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September 23, 2016, 02:27:47 AM
 #13

if you need Bitcoin use PP, this simple.
you can use vcc from e-coin, added vcc to you paypal, WD from your pp to vcc e-coin 2-5 days, later buy bitcoin at e-coin. GL

you newbie from here, not there will be willing to take a risk with $1000. Cheesy
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