flipper (OP)
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 64
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2013, 06:34:48 AM |
|
I'm thinking about buying .01 btc to test my new wallet.
|
|
|
|
Alph0nse
Newbie
Offline
Activity: 9
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2013, 06:50:43 AM |
|
No, ebay and paypal does not allow currency exchange, it's risky even if you find a willing seller.
|
|
|
|
naphto
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2013, 09:11:10 AM |
|
I'm thinking about buying .01 btc to test my new wallet.
0.01 btc is like 1 usd. Even if it was risky to buy on ebay, why would you even care for 1 usd?!! Huh.
|
|
|
|
Chrithu
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2013, 09:19:33 AM |
|
I'm thinking about buying .01 btc to test my new wallet.
0.01 btc is like 1 usd. Even if it was risky to buy on ebay, why would you even care for 1 usd?!! Huh. Agreed. But honestly I'd recommend using one of the exchanges like MtGox. Thus far they are safer, though a bit slower. The problem is that as far as I know both eBay and Paypal forbid cryptocurrency exchanging in their ToS. This forum is full of stories by people getting their paypal accounts frozen over it. Or just take a look at stuff like coinworker or tasks4dollars. 0.01 BTC are made there quite quick.
|
|
|
|
TheSpiral
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 322
Merit: 113
Sinbad Mixer: Mix Your BTC Quickly
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2013, 10:05:52 AM |
|
Buying is legit. Selling is a NIGHTMARE.
|
|
|
|
magnets99
Newbie
Offline
Activity: 19
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2013, 10:19:20 AM |
|
I used localbitcoins.com which was a link i got from the Newbie FAQ on this forum :0)
it was very painless. I setup an account. Picked someone with a good rep and the same bank as me tranferrred them money, waited about an hour. got bitcoins in my localbitcoins wallet then i sent them from there to my computer wallet.
one thing i have noticed which doesn't jump out at you is transferring bitcoins is not instant. mine took about 3 hours to confirm. You can pay a fee (it's under settings, main, Pay transaction Fee) and then it goes much faster but if i wanted to pay banking fees i'd just use a bank.
who gets those transaction fees anyway?
|
|
|
|
Chrithu
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2013, 10:22:55 AM |
|
who gets those transaction fees anyway?
Transaction fees go to the miners who confirm your transaction. If you don't include a fee your transaction is rejected automagically by most miners, thus it takes a lot longer to confirm.
|
|
|
|
mprep
Global Moderator
Legendary
Offline
Activity: 3794
Merit: 2612
In a world of peaches, don't ask for apple sauce
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2013, 01:15:58 PM |
|
Buying from ebay can be risky if the staff catch you.
|
|
|
|
AliceWonder
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2013, 01:53:04 PM |
|
Buying from ebay can be risky if the staff catch you.
What are they going to do, return your money?
|
|
|
|
eMoxes
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 115
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2013, 01:56:51 PM |
|
lots of people are selling them there
|
|
|
|
mprep
Global Moderator
Legendary
Offline
Activity: 3794
Merit: 2612
In a world of peaches, don't ask for apple sauce
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2013, 01:57:49 PM |
|
Buying from ebay can be risky if the staff catch you.
What are they going to do, return your money? No just suspend your Paypal account
|
|
|
|
groomsxxx
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 203
Merit: 100
Get Up To 100% Your Profit Every Day. Really
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2013, 03:35:44 PM |
|
I haven't bought bitcoins off ebay. But in the beginning I sold. and I learned the hard way. Esp when about 19 chargebacks popped up. I even went as far as to go and ship out the bitcoin in paper form..like a bitcoin bill/voucher. and most of the chargebacks went in my favor. Or so I thought, turns out the creditcard company can still counteract that too and they take the side of the buyer. I lost out because I am not a miner, I purchased the bitcoins and then jacked the price up on ebay. but again. Lesson learned! a hard hard lesson.
|
|
|
|
mprep
Global Moderator
Legendary
Offline
Activity: 3794
Merit: 2612
In a world of peaches, don't ask for apple sauce
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2013, 03:37:34 PM |
|
I haven't bought bitcoins off ebay. But in the beginning I sold. and I learned the hard way. Esp when about 19 chargebacks popped up. I even went as far as to go and ship out the bitcoin in paper form..like a bitcoin bill/voucher. and most of the chargebacks went in my favor. Or so I thought, turns out the creditcard company can still counteract that too and they take the side of the buyer. I lost out because I am not a miner, I purchased the bitcoins and then jacked the price up on ebay. but again. Lesson learned! a hard hard lesson.
That sounds like a serious lesson. As I said ebay isn't a good place to sell or purchase bitcoin.
|
|
|
|
infested999
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2013, 03:41:12 PM |
|
I haven't bought bitcoins off ebay. But in the beginning I sold. and I learned the hard way. Esp when about 19 chargebacks popped up. I even went as far as to go and ship out the bitcoin in paper form..like a bitcoin bill/voucher. and most of the chargebacks went in my favor. Or so I thought, turns out the creditcard company can still counteract that too and they take the side of the buyer. I lost out because I am not a miner, I purchased the bitcoins and then jacked the price up on ebay. but again. Lesson learned! a hard hard lesson.
That sounds like a serious lesson. As I said ebay isn't a good place to sell or purchase bitcoin. Really shows you how strong of a grip PayPal have on all online transactions. They essentially brought down any competition before Bitcoin started and now we are left with this.
|
|
|
|
TangibleCryptography
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2013, 03:44:18 PM |
|
You can pay a fee (it's under settings, main, Pay transaction Fee) and then it goes much faster but if i wanted to pay banking fees i'd just use a bank.
There is no free lunch in this world. The block subsidy will continue to decline (as there is a limit on max number of Bitcoins) and fees will play an increased role in suporting the cost of running the network. Let me know when your bank allows you to wire an unlimited amount of money anywhere in the world in an hour with a cost of $0.01 or less. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
|
|
|
|
bha12
Newbie
Offline
Activity: 6
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2013, 03:51:16 PM |
|
i am not sure, paypal is not bitcoin friendly, may be they fear that it is gonna take over them
|
|
|
|
mprep
Global Moderator
Legendary
Offline
Activity: 3794
Merit: 2612
In a world of peaches, don't ask for apple sauce
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2013, 04:03:33 PM |
|
i am not sure, paypal is not bitcoin friendly, may be they fear that it is gonna take over them
Yeah, they consider it as another currency and currency exchanges aren't allowed in Paypal.
|
|
|
|
Burdy
Newbie
Offline
Activity: 14
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2013, 04:05:32 PM |
|
I'd be careful selling any irreversible currency for a reversible payment. Seems like a no brainer to me.
|
|
|
|
mprep
Global Moderator
Legendary
Offline
Activity: 3794
Merit: 2612
In a world of peaches, don't ask for apple sauce
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2013, 04:07:37 PM |
|
I'd be careful selling any irreversible currency for a reversible payment. Seems like a no brainer to me.
It actually is. Pretty simple stuff here.
|
|
|
|
HongkongShanghaiBitCoin
Newbie
Offline
Activity: 16
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2013, 04:14:29 PM |
|
ebay is very anti-bitcoin. there is a thread on reddit somewhere where someone was selling mining equipment, not bitcoins, but computer hardware, and the auction got shut down.
|
|
|
|
|