Best way to buy bitcoins with paypal?

[manman523]

Hey guys, im just wondering whats my best way to buy bitcoins with paypal. Do I have to convert paypal to another currency or what ?

[casascius]

Find someone willing to sell them to you for PayPal.  (that's the hard part)

[bitcoinsarefun]

Hey guys, im just wondering whats my best way to buy bitcoins with paypal. Do I have to convert paypal to another currency or what ?

You would have to send whatever currency the seller wanted... As an fyi, not too many people are keen on doing paypal for btc since there is a massive risk of charge back. That being said, there are always people that are willing to take the risk

[manman523]

Hey guys, im just wondering whats my best way to buy bitcoins with paypal. Do I have to convert paypal to another currency or what ?

You would have to send whatever currency the seller wanted... As an fyi, not too many people are keen on doing paypal for btc since there is a massive risk of charge back. That being said, there are always people that are willing to take the risk

haha of course there will be i guess but will I be willing to buy from them? Theres a high chance i might just get scammed

[bitcoinsarefun]

Hey guys, im just wondering whats my best way to buy bitcoins with paypal. Do I have to convert paypal to another currency or what ?

You would have to send whatever currency the seller wanted... As an fyi, not too many people are keen on doing paypal for btc since there is a massive risk of charge back. That being said, there are always people that are willing to take the risk

haha of course there will be i guess but will I be willing to buy from them? Theres a high chance i might just get scammed

Explain how you will get scammed? The seller of bitcoin is assuming all the risk here, what is your risk?

[5850Guy]

Hey guys, im just wondering whats my best way to buy bitcoins with paypal. Do I have to convert paypal to another currency or what ?

I've done it through virwox.com before.


It's a complicated process of paypal--->Linden Dollars--->BTC.

The fees are kind of ridiculous too.

Hopefully someone will post a better way..............

[Rothgar]

There is a better way the #bitcoin-otc on freenode.  You need to validate yourself with a PGP private key, but once you get used to that and build reputation, there's tons of transactions you can do.


http://bitcoin-otc.com/

[Variable]

there is no problem when buying with paypal, its all with selling.  thats the total risk as paypal assumes the responsibility on the seller not the buyer.

[Stephen Gornick]

Hey guys, im just wondering whats my best way to buy bitcoins with paypal. Do I have to convert paypal to another currency or what ?

Buy a little mini bit (about $0.50 worth, $1, worth or $2 worth):
 - http://minibits.weebly.com/buy.html

or buy a little bigger bit (either $5 worth or $10 worth) if you have a PayPal debit card  (or any credit card even):
 - http://www.blockchain.info/wallet

[SistaS0uljah]

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).

Dwolla is NOT a solution to the PayPal issue, it is simply another part of  the problem.  Dwolla is responsible for the closing of TradeHill, (the second largest exchange after Mt. Gox) which has now sued Dwolla for revoking hundreds of thousands of dollars from TradeHill's account.  Before TradeHill closed, they refunded all bitcoins to their users, so no TradeHill customers lost anything, but TradeHill lost EVERYTHING because of Dwolla's rescinding their "no chargeback" policy.  Dwolla then modified their website after the fact to allow chargebacks (which they had earlier proudly proclaimed they would never use).

I closed my Dwolla account and will never use them again.  I suggest you do the same.  Dwolla owes their success to Bitcoin, but now they've turned on us and made it far riskier to run an exchange.  You may notice that several exchanges are no longer using Dwolla because of what happened to TradeHill.

[madcoweater]

As others have mentioned bitcoin-otc.com (the IRC channel) is probably your best bet. You are going to have difficulty even there finding someone who will sell you bitcoins for paypal. If you do find someone they will probably only sell a small quantity and price gouge you until you have enough transactions to be trusted.

[guruvan]

The best way to buy BTC with PP is to

1) Get a PP debit card
2) Withdraw cash
3) Go to www.bitinstant.com or www.aurumxchange.com and fill in the form for a CASH deposit
 - choose a mtgox or bitcoinica or cryptoxchange code
4) Go to bank, deposit cash in Trustcash account
5) log into your exchange account
6) View funds
7) Buy BTC
?? ??
9) Profit!!!

EDIT: Bonus hint: one has lower fees than the other, both are awesome
Bonus Hint 2: Get cash over a couple days buying stuff w/ the debit & cashback at grocery stores etc to save ATM fees

[hotboy1504]

I think paypal is the most convenient and easy to buy bitcoins. You have another simple and more convenient. Please share!

[Endgame]

Buying bitcoins with paypal is a bad idea, as you will pay a significant premium to do so

[Xmufa23X]

Wait guys...


GUYS!

Wait!


Listen...


Hey!


Guys...


GUYS LISTEN...


What if...


Get this...


What if the Best way of buying Bitcoins... is with Bitcoins?

I know, am I right? I am a genius! Please send tips to 16ET6C6Y1qHewjjZkg3MfjqTPRxZYKWPth

[arby]

very hard to find a paypal bitcoin seller, especially if you are new.

[casascius]

What if the Best way of buying Bitcoins... is with Bitcoins?

Buy Bitcoins with Bitcoins at casascius.com!

[Xmufa23X]

I know, am I right? I am a genius! Please send tips to 16ET6C6Y1qHewjjZkg3MfjqTPRxZYKWPth

Great, another online beggar.

Despite the sarcasm, it's still the newbie board bro. Have some more coffee

[btccomm]

Hey guys, im just wondering whats my best way to buy bitcoins with paypal. Do I have to convert paypal to another currency or what ?

You would have to send whatever currency the seller wanted... As an fyi, not too many people are keen on doing paypal for btc since there is a massive risk of charge back. That being said, there are always people that are willing to take the risk

I saw some ebay auctions for bitcoin but the margin is quite high.  i suspect the risk of charge back is the reason

[firepacket]

What if the Best way of buying Bitcoins... is with Bitcoins?

Buy Bitcoins with Bitcoins at casascius.com!

Hey casascius,
How do you or your partners handle the risk associated with buying your coins via paypal or credit card? Is it because the goods are tangible and must be shipped that the risk is lower?