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waiberz (OP)
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July 22, 2017, 02:29:42 PM |
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Anyone here experienced to buy bitcoin using their PayPal.? How much the fees?
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Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
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Edward2020
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Activity: 98
Merit: 10
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July 22, 2017, 04:07:49 PM |
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not really because is very hard somehow
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Olivious
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July 22, 2017, 04:10:11 PM |
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Anyone here experienced to buy bitcoin using their PayPal.? How much the fees?
Paypal can lock your account for doing that. I think it is in their TOS. They will ask you what you bought or what sell. If evidence is weak, your account will likely unretrievable. |
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Shah954
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July 22, 2017, 05:11:24 PM |
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find some good exchanging organization or exchanger who can change your paypal into btc
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michkima
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July 22, 2017, 05:17:47 PM |
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It's actually easy to do. You don't have to tell paypal you bought bitcoins using their service. The only problem is that people using paypal to buy bitcoins have a chance to charge back and the person selling bitcoins has no recourse when that happens. So if you are the one paying using paypal then you first need to be trusted before you can do so as no one will deal with you.
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kpcian
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July 22, 2017, 05:51:21 PM |
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I haven't yet...
but I am not interested in using PayPal to buy Bitcoin because PayPal is more complex rather than Bitcoin has those facilities. so PayPal is not required to use regarding this issue. I also suggest not to use PayPal because it requires a high amount of fees. so avoid it.
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lllaqpt
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July 22, 2017, 06:44:36 PM |
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I do not use PayPal at all. But I heard that your account can be blocked for minor violations. Therefore, I would not use PayPal
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~Bitcoin~
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July 22, 2017, 07:24:10 PM |
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Anyone here experienced to buy bitcoin using their PayPal.? How much the fees?
You can't buy bitcoin directly with paypal because it is against their TOS. Paypal is reversible method so you might have to pay a lot more than market price when buying from local guy or person over localbitcoins and paxful. You might end up paying over 20% in fees ... |
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Xavofat
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July 22, 2017, 07:26:46 PM |
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1. Selling Bitcoin for PayPal is against PayPal's policy. If you get caught, you're screwed and PayPal will freeze your account. 2. PayPal is a reversible system for money transfer. If you attempt to buy Bitcoin with PayPal, people will assume that you are a scammer and give you negative trust. Even if you are not a scammer it's shady activity, because it's very easy to issue chargebacks with PayPal and scam people for months after your transaction.
Reversible and non-reversible systems do not mix. Trade on an exchange or using cash. |
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LeGaulois
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Top Crypto Casino
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July 22, 2017, 08:23:31 PM |
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The best is to have a friend agree to sell you some bitcoin in exchange for Paypal funds. It's based on the trust you both have. He doesn't need to be afraid to have a dispute open on his account or a chargeback. Of course, you don't tell to Paypal look at me I am buying Bitcoin.
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mklost
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July 23, 2017, 03:04:59 PM |
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When it worked I use wesellcrypto for sporadic purchases but it is true that its commission by paypal was much more expensive.
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ryanben
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July 23, 2017, 03:29:31 PM
Last edit: July 23, 2017, 03:40:01 PM by ryanben |
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I don't use paypal to buy Bitcoins, I usually trade bitcoin through my country's local exchange for a 6.8% transaction fees. How much is paypal transaction fees?
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Andrew1337
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July 23, 2017, 03:34:59 PM |
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It doesnt worth . There are so many fees that you have to pay them if you want to buy btc with paypal , also I do not recommend paypal , you can get always a refund from sender , they have also big fees if you send as business payment But if you want to exchange paypal to btc , I recommend you localbitcoins , find a trustworthy guy and deal with it  |
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MRlong
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July 23, 2017, 03:57:40 PM |
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Yes, in past time I had bought some Bitcoin with paypal from a seller in Thebot.net forum, but the price have change +6.5% preev.com and very bad if compare with other payment as Netheller or cash direct. In currently, I usually use changer if want exchange virtual cash or buy direct with my friends
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buharikx31
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July 23, 2017, 04:25:04 PM |
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virwox sell bitcoins for paypal, and they are taking a big fee if you are doing this transaction, better to find other method how to deposit via localbitcoins or someother method which is without fee. Better idea to use credit or debitcard to buy a bitcoin, a lot of websites accept cards and the transaction would be more safer using web bank
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giveen
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July 23, 2017, 05:12:37 PM |
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I would never ever do that because of many reasons one of them is fees, people think everyone paying with PayPal are scammers so they charge 30-40% fees normally , another issue is they will ask for your personal documents like selfie with id and then picture of passport. If you somehow have PayPal and want bitcoin just withdraw those funds to your bank (20$ fees ) or withdraw to your credit card (5$ fees + conversion fees) withdraw your funds and buy from local bitcoin the fees is max 5% through localbitcoin.
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javalemcgee
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July 23, 2017, 06:05:45 PM |
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I don't prefer to use paypal for bitcoin purchases due to limitations and restrictions, but if you wanna try you can go with virwox safely. They're safe not like some other scammer web site. Let me put their web site: https://www.virwox.com/ |
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Caesar-Giulius
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Buy, sell and store real cryptocurrencies
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July 25, 2017, 09:41:16 AM |
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I don’t use paypal to buy bitcoin because of the high fee charged by sellers, I have seen 25% to 30% fees. But of course, due to the higher risk of paypal dispute, sellers have to charge higher fees.
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beerlover
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July 25, 2017, 10:04:38 AM
Last edit: July 25, 2017, 10:34:27 AM by beerlover |
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Anyone here experienced to buy bitcoin using their PayPal.? How much the fees?
If you check into currency exchange board, you can find lot of highly reputed members are buying bitcoins for PayPal. But people will not trust you for accepting PayPal from you as you are still newbie. But you may go with escrow but it will be involving holding periods. |
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ASHLIUSZ
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July 25, 2017, 10:43:27 AM |
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I have been using PayPal, but till now haven't made any transactions for buying bitcoin or for the trading necessities. While trading used to make btc/altcoins or btc/usd and withdraw it to the bank account and the btc to the wallets. I beieve using paypal is simple as that we use other payment services, but the charge might vary.
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