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Author Topic: Best way to buy bitcoins with paypal?  (Read 3981 times)
casascius
Mike Caldwell
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The Casascius 1oz 10BTC Silver Round (w/ Gold B)


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April 11, 2012, 10:55:11 PM
 #21

I don't know - I just recently noticed that only the smaller denominations are for sale at Memory Dealers.  I know PayPal threw a fit, but haven't heard if the credit card companies threw a fit too, or if there were recent problems I haven't heard about (fraud, etc.)

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper wallets instead.
"Governments are good at cutting off the heads of a centrally controlled networks like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own." -- Satoshi
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btccomm
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April 11, 2012, 11:12:19 PM
 #22

casascius
 
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chickahoona
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April 12, 2012, 02:43:48 PM
 #23

There should be a special paypal transaction, where the user agrees that there cannot be a chargeback. I refuse all paypal transactions as seller and always want paypal as buyer Cheesy

Another huge problem are those stupid fees of 3% as a seller
DeathAndTaxes
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April 12, 2012, 02:47:44 PM
 #24

There should be a special paypal transaction, where the user agrees that there cannot be a chargeback. I refuse all paypal transactions as seller and always want paypal as buyer Cheesy

Another huge problem are those stupid fees of 3% as a seller

Can't because Paypal is simply a front for CC.  If a paypal account is hacked and the hacker uses it to purchase $20,000 in a no-chargeback tx (possibly to himself) do you think a) the customer is just going to say "oh well guess I have a $20,000 CC bill" or b) Paypal says "guess we eat $20K"?

The entire credit card model is based around no personal responsibility (except by merchants who take the cost/weight of all fraud).  You can't build an entire economic system w/ no responsibility and then at the highest level make it irreversible.

If you want irreversible tx it needs to be irreversible from the ground up.
Zollen
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October 24, 2012, 02:33:43 PM
 #25

bump
allthingsluxury
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October 24, 2012, 07:39:06 PM
 #26

Not many people are willing to sell bitcoins through paypal. It has a horribly bad track record of being scammed.

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October 24, 2012, 07:41:38 PM
 #27

PM to purchase. I do require verification.
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October 25, 2012, 01:48:13 AM
 #28

I used virwox.com and it worked out about £9 a coin with Paypal.
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October 25, 2012, 02:19:27 AM
 #29

I'm just not sure why some people are so set on PayPal.
An alternative that's more generally accepted is Dwolla (or depending on where you have your checking account there are other alternatives).



If you've got funds in a Dwolla account, you might as well use MtGox.  It's a piece of cake once you get the funds to Dwolla.

If you like this post a donation would be nice....  1PhCzA9o1jcwHr7PR4mxea8nJYUJWpKAGb

Besides, It'll drive me crazy trying to figure where it came from.
Zollen
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October 25, 2012, 02:23:42 AM
 #30

I'm just not sure why some people are so set on PayPal.
An alternative that's more generally accepted is Dwolla (or depending on where you have your checking account there are other alternatives).



If you've got funds in a Dwolla account, you might as well use MtGox.  It's a piece of cake once you get the funds to Dwolla.
Can I upload funds to dwolla straight from my Card?
bbit
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October 25, 2012, 02:43:21 AM
 #31

I'm just not sure why some people are so set on PayPal.
An alternative that's more generally accepted is Dwolla (or depending on where you have your checking account there are other alternatives).



If you've got funds in a Dwolla account, you might as well use MtGox.  It's a piece of cake once you get the funds to Dwolla.

this ^^
bbit
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October 25, 2012, 02:43:53 AM
 #32

I'm just not sure why some people are so set on PayPal.
An alternative that's more generally accepted is Dwolla (or depending on where you have your checking account there are other alternatives).



If you've got funds in a Dwolla account, you might as well use MtGox.  It's a piece of cake once you get the funds to Dwolla.
Can I upload funds to dwolla straight from my Card?

Nope, only bank transfer to dwolla.
Zollen
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October 25, 2012, 12:05:28 PM
 #33

I'm just not sure why some people are so set on PayPal.
An alternative that's more generally accepted is Dwolla (or depending on where you have your checking account there are other alternatives).



If you've got funds in a Dwolla account, you might as well use MtGox.  It's a piece of cake once you get the funds to Dwolla.
Can I upload funds to dwolla straight from my Card?

Nope, only bank transfer to dwolla.
Thanks. Is there are any comission to transfer from dwolla to Gox? BTW I have read that dwolla was attacked and hacked in past, so is it safe?
MrSitype
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October 25, 2012, 12:11:24 PM
 #34

What's the deal with VirWox ? Do you need to actually have an account on second life to do the PP > L$ > BTC trick ?
Stephen Gornick
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October 26, 2012, 12:19:38 AM
 #35

What's the deal with VirWox ? Do you need to actually have an account on second life to do the PP > L$ > BTC trick ?

No, I don't believe you need to have or validate a second life avatar in order to buy L$ with PayPal, nor to trade them for BTC.

[Edit: Instructions here:
It also shows that you don't need to confirm the avatar.
 - http://www.scribd.com/doc/110005258/Buy-Bitcoin-via-Paypal-Paysafecard-Credit-Card-Ukash ]

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