Paypal for MtGox USD?

[HowToShotWeb]

I know most traders are totally against trading Paypal for BTC. But what about paypal to MTGUSD? I am looking to get $40-50 MTGUSD with paypal soon if possible.

[1715269843]

1715269843

[1715269843]

1715269843

[LankySwagBLog]

Same w me but I need about 120$ worth

[Stephen Gornick]

I know most traders are totally against trading Paypal for BTC. But what about paypal to MTGUSD?

Heh,

The reason you won't find many who will trade PayPal for BTC is that Bitcoin trasnactions are non-repudiable ... the transaction cannot be either cancelled or reversed.

The MtGox USD code is a bearer instrument, and also cannot be reversed  (it can be redeemed by the sender, so that is one way it can effectively be "canceled" before it is redeemed by the recipient).  So the same problem exists with trading PayPal for MtGoxUSD as exists for trading PayPal for BTC.

You might find a willing participant in the #Bitcoin-otc marketplace.  Here's the current order book:
  - http://bitcoin-otc.com/vieworderbook.php
  - http://bitcoin-otc.com
  - http://webchat.freenode.net/?channels=#bitcoin-otc-foyer (marketplace IRC Chat)


Additionally, you might find a party willing to trade in-person through one of the local exchanges, such as BTC Near Me, Bitcoin.local or Ubitex even:
 - http://en.bitcoin.it/wiki/Category:Local

[plogank]

I can't figure why one would want to use paypal when deposits to Mt. Gox are now so easy.

Just open a verified account with Mt. Gox and make cash deposits at any Chase bank.  Then you can get the best price.

Transferring purchased Bitcoins to your wallet from Mt. Cox are easy.

[novalia65]

I live in Europe, and funding my mtGox account is not so easy. SEPA transactions are expensive (almost in my country) and deposit is not enable for all countries. I know paypal is not the solution, I think there needs to be a localized market in each country, meaning more methods for buying / selling / trading / exchanging bitcoins.

[ovidiusoft]

I can't figure why one would want to use paypal when deposits to Mt. Gox are now so easy.
Just open a verified account with Mt. Gox and make cash deposits at any Chase bank.  Then you can get the best price.

It might come as a shock, but the world is a little larger than USA. For us not fortunate enough to live in USA or in a established SEPA zone (that is, where SEPA transfers don't cost exactly as a wire), credit cards / paypal are the only cheap and fast ways of paying. Even getting LRUSD is a pain.

[klaus]

buying btc or mtgoxusd with paypal or moneybookers is a great risk.

[Janjko]

I wired 1€ to my Mt.Gox account. It costed 4€. Give me Paypal or Google Checkout, please.

[tom64]

It needs to become easier to buy BTC.

[Gabi]

I can't figure why one would want to use paypal when deposits to Mt. Gox are now so easy.

Just open a verified account with Mt. Gox and make cash deposits at any Chase bank.  Then you can get the best price.

Transferring purchased Bitcoins to your wallet from Mt. Cox are easy.

Protip: usa is not the world 

[Al-arabia]

I don`t know about useing PayPal for buy Bitcoin.....

just now check it - no way

if from like PP>LR>MtGox , no good way so expensive... hehe

[speeder]

I can't figure why one would want to use paypal when deposits to Mt. Gox are now so easy.

Just open a verified account with Mt. Gox and make cash deposits at any Chase bank.  Then you can get the best price.

Transferring purchased Bitcoins to your wallet from Mt. Cox are easy.

Protip: usa is not the world 

+1


Also, I use Virwox...

Unfortunately, when I bought at 3 USD, the effective price was actually 4.5 USD... so as you can see it can be absurdly expensive.

[sturle]

It needs to become easier to buy BTC.

I'm able to send funds to MtGox quite easily, and cheap as long as I transfer a decent sum.  To help people who don't need much or don't want to transfer money internationally, I offer BTC for sale cheap and simple for my local currency using a payment method which is simple, free, safe and quite fast (usually overnight) in my country.  If other Bitcoin users would do the same, bitcoins would be easily available in any amount all over the world.