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Author Topic: Have you ever purchased bitcoins using eBay?  (Read 260 times)
davis196
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November 25, 2019, 08:08:16 AM
Merited by TheBeardedBaby (1), DdmrDdmr (1)
 #1

I was browsing eBay and I see many sellers,who are selling bitcoin and altcoins.
I thought that eBay isn't crypto friendly,but the sellers,who are selling 24-hour btc mining contracts.
The fees are ridiculous.To buy 9USD worth of BTC,you have to pay 14USD via paypal.
It's weird that those people actually have sales.

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November 25, 2019, 08:15:23 AM
 #2

It is ridiculous to have $ 9 BTC and have to pay $ 14 via paypal to get $ 5 profit about 50% ++ to convert paypal value to bitcoin

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November 25, 2019, 08:29:49 AM
 #3

It's weird that those people actually have sales.

Probably just taking advantage of people who don't know better.

As for the mining contracts, do you mind linking one? A 24-hour mining contract sounds like a complete scam.

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November 25, 2019, 08:30:03 AM
 #4

If you're ever going to purchase BTC using PayPal or something, I'd suggest you to have a look at the Currency Exchange section. Other places (like eBay) or other websites that provide exchange between fiat and cryptos take a huge amount of commission. You'll probably find someone with better rates here.
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November 25, 2019, 08:34:43 AM
 #5

I have listened and learned a lot when buying Bitcoin through this medium, but I found the fee is higher than buying on regular exchanges, I do not understand what they do for this fee, I do not want to buy through that.

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November 25, 2019, 09:00:06 AM
 #6

Yeah, there are pretty stupid and outrageous fees when you try to use bitcoin, it just seems like them trying to take advantage of people who use ebay mostly, and then tricking them into buying BTC for crazy prices.

Ebay is mostly used for a lot of cas coins, there are often scammers on there that will try and offer loaded coins (so the BTC in the coin hasn't been redeemed, as well as all of it's forks), while it's actually been redeemed, the marketplace is pretty cut-throat there.

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November 25, 2019, 09:12:49 AM
 #7

I thought that eBay isn't crypto friendly.

That's right, ebay is basically an online site for buying and selling equipment for daily needs, not for buying bitcoin or other altcoins.
If you want to buy bitcoin you don't have to go through ebay, you better explore other sites that are safer and more popular for crypto users to avoid things that cause harm.

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November 25, 2019, 09:33:10 AM
 #8

I was browsing eBay and I see many sellers,who are selling bitcoin and altcoins.
I thought that eBay isn't crypto friendly,but the sellers,who are selling 24-hour btc mining contracts.
The fees are ridiculous.To buy 9USD worth of BTC,you have to pay 14USD via paypal.
It's weird that those people actually have sales.


I haven't tried it but it doesn't make sense at all. Ebay is not the best place to sell your bitcoins, but we don't know the rational of behind those individuals. I guess they just wanted to get a sell and took off.

Or probably they think the risk is better off selling in Ebay and their could trap "newbies" on buying BTC at $14 via paypal.

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November 25, 2019, 09:36:48 AM
 #9

I don't see the reason why would one would buy from eBay an asset/currency that is being traded on a multitude of more or less legitimate exchanges. Binance let's you buy with credit & debit cards nowadays if I am not mistaken and there are literally myriods of trading platforms pretty much for every country in this world.  So why would one buy from eBay especially at a higher rate is beyond my understanding..

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November 25, 2019, 09:38:51 AM
 #10

Paxful and Localbitcoins is the best place to BTC using paypal without hassle, Just review the trust rating first of the seller before you send payment. Another place is the Currency Exchange of this forum.
Just take note to never deal to newbie account and always look for the trust score of the user that you want to deal with, If possible, Hire escrow for your transaction to have extra protection to your money.

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November 25, 2019, 03:39:49 PM
 #11

I was browsing eBay and I see many sellers,who are selling bitcoin and altcoins.
I thought that eBay isn't crypto friendly,but the sellers,who are selling 24-hour btc mining contracts.
The fees are ridiculous.To buy 9USD worth of BTC,you have to pay 14USD via paypal.
It's weird that those people actually have sales.


First and foremost, why will someone waste such money for such amount of Bitcoin whiles there are good platforms providing a 1:1 ratio in terms of the pricing and the value of bitcoin in dollars.  personally, I will never go in for such business of paying more than I will be recieving .

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Krislaw
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November 25, 2019, 03:46:33 PM
 #12

Chances it's a scam is high and secondly, the profit that will be made from the deal if assuming it's a legit seller is too much. Only a person without experience would think the fee is a normal thing and would proceed to pay.
Better to get your BTC from Coinbase or Paxful.

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ReiMomo
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November 25, 2019, 03:48:33 PM
 #13

This is clearly fooling newbies and doesn't have much idea on bitcoin, where to buy and how much it is in the real price.
I never use eBay since we can buy directly on exchange or using an ATM machine for buying Bitcoin that is very quick and easy.
This will add dirt of Bitcoin's image because there are some people taking advantage of those naive people who just wanted to invest bitcoin and gain profit. But the fact they are killing on these sellers.

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MURONDI
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November 25, 2019, 04:00:23 PM
 #14

I think people who sell on eBay will definitely want to make a profit, and sell bitcoin prices at any price in my opinion is legitimate, as long as neither side feels disadvantaged, everyone has a different character to buy something, there are those who prioritize low prices, there are those who prioritize convenience, and some who prioritize trust.
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November 25, 2019, 04:39:59 PM
 #15



After searching eBay they really did offer a bitcoin mining contract, I don't know if how is it supposed to work but I guess it looks very fishy to me, and if my computation is correct they are selling this Mining contract for $1.49 USD that will at least get 0.0001 estimated Bitcoin but right now the price of $1.49 USD will be at 0.00021 BTC which is very nerving because if you bought this mining contract the free will be an instant 0.00011 BTC I don't know the estimation will be if you bought the contract, But for me it is very cautious to get one in my opinion.


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November 25, 2019, 04:52:37 PM
 #16

A sucker is born every day.  Roll Eyes  A mining contract is part of the Cloud mining/Ponzi schemes that are going around and many people see the Bitcoin

symbol and think they are actually buying bitcoins.  Angry  It is sad how these scams are flourishing on popular eCommerce websites like this. As a

Bitcoin community, we should stand together and report scams like this to protect the gullible people from themselves or they will get scammed and

subsequently blame the technology again.  Roll Eyes

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November 25, 2019, 05:01:18 PM
 #17

basically eBay is not a place to buy bitcoin. quite ridiculous when buying $ 9 USD bitcoin at a price of $ 14 PayPal. yeah, things like this are out there a lot. people who take advantage of a person's ignorance and try to trap him.
I suggest for those who want to buy bitcoin, buy at a trusted exchanger at the right price.
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November 25, 2019, 07:14:31 PM
 #18

I was browsing eBay and I see many sellers,who are selling bitcoin and altcoins.
I thought that eBay isn't crypto friendly,but the sellers,who are selling 24-hour btc mining contracts.
The fees are ridiculous.To buy 9USD worth of BTC,you have to pay 14USD via paypal.
It's weird that those people actually have sales.

I've never bought crypto on an online shop and I think no one would ever buy from that seller,
People could always buy from exchange and it is so easy and the worst part on online shop is there are some scammers so I would rather buy directly at an exchange rather than online shops.

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November 25, 2019, 08:11:50 PM
 #19

"Seems legit". If seriuos, I won't recommend buying using eBay. You just have no guarantee that you will receive your crypto.
Pearls Before Swine
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November 25, 2019, 08:29:02 PM
 #20

Probably just taking advantage of people who don't know better.
That's exactly it, and it's smart on the sellers' part to list crypto on ebay.  And they have to mark up the price quite a bit just to break even, since it isn't cheap at all to sell anything there.  Ebay takes a cut, paypal takes another cut and it's really hard to make money nowadays.

But no, I've never bought any crypto there and never would.  I also thought ebay wasn't supportive of bitcoin, but I have seen all those auctions listing it for sale.  I would imagine that these offerings are legitimate, since ebay always sides with the buyer and if the bitcoin didn't get delivered the purchaser could easily do a chargeback.  Scammers probably take advantage of that fact as well, which might account for that markup.

Probably just taking advantage of people who don't know better.
Except bitcoin buyers generally tend to know what they're buying and *shouldn't* be looking to ebay as a first choice option.  I'm not sure what kind of bitcoin buyers ebay attracts, but I would probably agree they're not experts and are probably newcomers to crypto.
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