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Author Topic: Is buying bitcoin using ewallets like Paypal safe?  (Read 308 times)
Pmalek
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December 20, 2019, 10:18:36 AM
 #21

I would say it depends where you are sending those Paypal funds to. If it is a business that deals with the sale of cryptocurrencies I would say that it is not safe. I know that the Payoneer TOS state that using Payoneer to purchase cryptocurrencies is not allowed. If they find out you are doing that your account will be blocked.

Paypal is similar.

Quote
Prohibited Activities
(h)involve currency exchanges or check cashing businesses
https://www.paypal.com/us/webapps/mpp/ua/acceptableuse-full#prohibited-activities

This means that you are not allowed to get involved in any currency exchange. I assume Bitcoin and other cryptos fall into the same category.

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December 20, 2019, 12:18:36 PM
 #22

That does sound fishy however you put it
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December 20, 2019, 12:52:41 PM
 #23

I'm looking to invest in BTC in small transactions. I've been reading on the risks of using Paypal to Sell BTC (payment reversals etc).

I wanted to know if at least buying BTC using traditional e-wallets like Paypal is safe, or can third party type scam be pulled even there?

Thanks..

If you are buying, you are safe but the other party will always suspect that you will do a chargeback, so if you are buying the problem is finding a trusted guy where you can buy Bitcoin if there is any, the chargeback feature of Paypal is always a big issue and the buyer is always in the losing side whenever a problem comes up.


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