Buying BitCoins with Paypal?

[MJW]

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]

I am wondering the same, all the ones i saw where not operational...

[nmat]

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]

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.

[MJW]

What is the preferred method of exchanging?

[tabascoslimjim]

It's not that easy. You can do it buying from that Virwox site but I guess it gets pretty expensive

[bitflower]

I believe Paypal does not want to deal with Bitcoins due to their Policy.

[whothefuckareyou]

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]

shakarudo you accept gift cards vouchers in exchange?