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MJW (OP)
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October 11, 2011, 11:09:53 PM
 #1
Hello,
I was wondering the best way to exchange Paypal for BitCoins. What is the current exchange rate and where is the most reliable vendor?

Thanks
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chieffery
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October 11, 2011, 11:54:51 PM
 #2
I am wondering the same, all the ones i saw where not operational...
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nmat
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October 12, 2011, 12:00:46 AM
 #3
You can not buy bitcoins with paypal because the paypal transaction is reversible and the bitcoin transaction is not. This means that, unless you have a good reputation in the community (which you don't because you just arrived), nobody will risk selling you bitcoins.

You have to use a bitcoin exchange so head over to MtGox, TradeHill or Exchangebitcoins.com and check their deposit methods.

You can check the price at different exchanges here: http://bitcoincharts.com/
shakaru
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October 12, 2011, 12:35:25 AM
 #4
I allow people to buy with paypal as long as they use the Gift option to send payment. Also I limit each transaction size to what I feel I am comfortable with.

Buyers need to have...


Verified paypal account
and/or
Ebay account w/ feedback
Bitcointalk account w/ feedback
Heatware
Bitcoin OTC
or some other method of determination for trust that I deem acceptable.

Also I do charge a small premium for not established users, but it is still less than using a 3rd party exchange.
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MJW (OP)
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October 12, 2011, 02:41:53 AM
 #5
What is the preferred method of exchanging?
tabascoslimjim
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October 12, 2011, 03:03:04 AM
 #6
It's not that easy. You can do it buying from that Virwox site but I guess it gets pretty expensive
bitflower
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October 12, 2011, 06:48:38 AM
 #7
I believe Paypal does not want to deal with Bitcoins due to their Policy.
whothefuckareyou
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October 12, 2011, 08:37:17 AM
 #8
Quote from: shakaru on October 12, 2011, 12:35:25 AM
I allow people to buy with paypal as long as they use the Gift option to send payment. Also I limit each transaction size to what I feel I am comfortable with.

Buyers need to have...


Verified paypal account
and/or
Ebay account w/ feedback
Bitcointalk account w/ feedback
Heatware
Bitcoin OTC
or some other method of determination for trust that I deem acceptable.

Also I do charge a small premium for not established users, but it is still less than using a 3rd party exchange.

shakaru

Please send me a pm to discuss as i have a 50+ ebay rating/half.com seller rating and am new to bitcoins...


If anyone else is into deep purple, ufo, thin lizzy,.... I have rare cds that i will trade for bitcoins.. Please pm me too  !!


Thanks !!!
blue.mitzi
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October 13, 2011, 09:51:38 AM
 #9
shakarudo you accept gift cards vouchers in exchange?
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