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Author Topic: Paypal > Coins  (Read 2652 times)
NINJA--
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August 27, 2011, 11:26:10 PM
 #1

Anybody know how I can exchange paypal for coins?
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ctoon6
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August 27, 2011, 11:42:57 PM
 #2

bitcoins can not be charged back, paypal can, so what is to stop you from buying coins, and chargebacking your USFRN.

NINJA--
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August 27, 2011, 11:49:32 PM
 #3

I understand. Thats not my intention tho. I just want to exchange. Is there a site that does this?
Ricochet
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August 27, 2011, 11:51:18 PM
 #4

Not anymore.  The major one was CoinPal, though they shut down his accounts without warning after months of cooperation with him.
geek-trader
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August 27, 2011, 11:58:04 PM
 #5

Bitmarket.eu stopped using allowing paypal just 11 days ago.

Your best bet is to convince someone on the forums to trust you.  Might be hard tho, you ARE a ninja.   Grin

Make 1 deposit and earn BTC for life! http://bitcoinpyramid.com/r/345
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Exonumia
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August 28, 2011, 12:17:17 AM
 #6

Anybody know how I can exchange paypal for coins?


No one in their right mind would sell BTC to someone paying with PayPal...

1. PayPal doesn't support purchase of virtual currencies
2. The buyer will dispute the charge with PayPal and you'll be out the BTC



indio007
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August 28, 2011, 12:29:10 AM
 #7

It's a simple fact the BTC is Paypal competitor right now, that's why they have taken this stance. What is Paypal's stance on pre-paid access? I think a MTGOX code would qualify as this if not BTC outright.

What is Paypal's stance on Linden Dollars from Second Life?
Littleshop
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August 28, 2011, 02:17:15 AM
 #8

It's a simple fact the BTC is Paypal competitor right now, that's why they have taken this stance. What is Paypal's stance on pre-paid access? I think a MTGOX code would qualify as this if not BTC outright.

What is Paypal's stance on Linden Dollars from Second Life?

They do not support virtual currencies at all.  If you sell BTC for praypal, the customer can charge back without any problem or proof and the customer will always win with a virtual currency case. 


dustintrammell
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August 28, 2011, 02:25:03 AM
 #9

No one in their right mind would sell BTC to someone paying with PayPal...

1. PayPal doesn't support purchase of virtual currencies
2. The buyer will dispute the charge with PayPal and you'll be out the BTC

This happens ALL THE TIME on the Bitcoin OTC forum on Freenode.  Newbies come in, want to buy/sell using PayPal, make maybe one or two successful transactions and then get scammed.  That, or PayPal freezes their account for them.

I wouldn't touch PayPal with a 10 foot pole if BTC were involved.

Good luck.
NINJA--
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August 28, 2011, 02:35:40 AM
 #10

I didnt wanna exchange with anybody here. Was hoping for a site like mt gox that exchanges paypal. I hate having money in my paypal. I always end up blowing it cause Im worried they will lock it.
indio007
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August 28, 2011, 05:18:16 AM
 #11

I didnt wanna exchange with anybody here. Was hoping for a site like mt gox that exchanges paypal. I hate having money in my paypal. I always end up blowing it cause Im worried they will lock it.

Maybe buy some item that someone wants with Paypal then drop ship to their house?

Problem is no one in their right mind will send BTC first unless you got crazy rep.
o
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August 28, 2011, 08:31:49 AM
 #12

For getting few bitcoin with paypal, you may try to use virwox.com in which you can convert it as USD -> SLL -> BTC. But you may end up paying 10% more than the mtgox, I cannot justify whether it worth. I also find it strange that they are exchanging virtual currency but the paypal does not block them.
helloworld
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August 28, 2011, 08:54:10 AM
 #13

Just get the funds out of Paypal, then come back and ask about "Cash > Coins".

NINJA--
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August 28, 2011, 08:49:23 PM
 #14

I cant withdraw paypal money, I dont give them my bank account. I always blow all my paypal money on newegg or ebay and then re-sell locally for cash.

I dont mind a 10% loss if I can convert paypal to BTC so Im gonna check out virwox.
Exonumia
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August 29, 2011, 12:58:40 AM
 #15

I cant withdraw paypal money, I dont give them my bank account.

OMG YOUR UNVERIFIED!!!!!!

You would need a trusted friend to do the transaction... it's just too easy to rip people off when buying bitcoins via paypal. Paypal's buyer protection wins everytime.

aandreas
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August 29, 2011, 01:04:02 AM
 #16

u can try bitcoin.de it just appeared in the german section. it's in € but still might get u a better rate then virvox..
airdata
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August 29, 2011, 03:21:58 PM
 #17

In order to buy coins from somebody with paypal, you'd have to give them some sort of assurance that you won't claim your account was hacked or what not.


There are so many children in the bitcoin community that this is actually a legitimate problem.  Functioning adults generally don't go around committing fraud on a day to day basis.  But this is the kind of people that are drawn to bitcoin trying to suckle any tit they can to get a handout.
virtualfaqs
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August 29, 2011, 10:21:30 PM
 #18

https://bitcointalk.org/index.php?topic=30293.0

https://twitter.com/virtualfaqs
Looking for altcoin pump advice? Then follow me.
phillipsjk
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Let the chips fall where they may.


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August 30, 2011, 06:18:20 AM
 #19

I didnt wanna exchange with anybody here. Was hoping for a site like mt gox that exchanges paypal. I hate having money in my paypal. I always end up blowing it cause Im worried they will lock it.

If you keep receiving money in PayPal funds, but don't trust PayPal: why not ask whomever is paying you if they are willing to use bitcoin?

James' OpenPGP public key fingerprint: EB14 9E5B F80C 1F2D 3EBE  0A2F B3DE 81FF 7B9D 5160
NINJA--
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August 30, 2011, 07:20:25 AM
 #20

Haha ya right the only people who accept coins are in this forum. Nobody else uses coins.
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