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Author Topic: Bitcoin with Paypal?  (Read 1673 times)
rooflez
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May 09, 2012, 05:29:12 AM
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I know this is a well-discussed topic on the forum, but can anyone clarify what buying bitcoin with paypal is like?
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arby
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May 09, 2012, 05:40:03 AM
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mostly risky for the seller, because paypal can be reversed.

also risky for the buyer because if paypal finds out (somehow) they will freeze their account.

usually not a good idea.

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Stephen Gornick
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May 09, 2012, 05:47:57 AM
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What it's like?  

Well, it's like buying a can of Coke from a hotel vending machine.  You know that it shouldn't cost more the same as the can of Coke from 7-eleven, but the only option if you really want it is to pay up.

With VirWoX you can buy SLL using PayPal, then trade SLL for BTC:
 - http://www.VirWoX.com

If you are Scandinavian, a PayPal debit card might be used here:
 - http://www.BitcoinNordic.com

Physical Bitcoin, paid for with credit card:
 - http://memorydealers.com/catalogsearch/result/?q=bitcoin

The reason there are so few options with PayPal as payment is that PayPal expressly prohibits a merchant to use PayPal for the sale of Bitcoins.  Additionally, because the payment can be charged back easily, merchants that o have some angle must charge a higher fee to do so.

 - http://en.bitcoin.it/wiki/Payment_methods

rooflez
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May 09, 2012, 05:55:57 AM
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Would any sellers here be willing at all to sell by paypal?

I really dont wanna go through the hassle of using VirWox or something of that matter.
David_Benz
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you got hacked bitch!


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May 09, 2012, 06:29:07 AM
 #5

I know this is a well-discussed topic on the forum, but can anyone clarify what buying bitcoin with paypal is like?

easy if you buy from me!

I am the Bitcoinica Hacker.
rooflez
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May 09, 2012, 06:40:48 AM
 #6

I know this is a well-discussed topic on the forum, but can anyone clarify what buying bitcoin with paypal is like?

easy if you buy from me!

I think i'd rather buy off a verified seller  Smiley
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May 09, 2012, 12:57:57 PM
 #7

I know this is a well-discussed topic on the forum, but can anyone clarify what buying bitcoin with paypal is like?

easy if you buy from me!

I think i'd rather buy off a verified seller  Smiley

Second that ^^^^  Cool
Phinnaeus Gage
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May 09, 2012, 01:36:31 PM
 #8

I know this is a well-discussed topic on the forum, but can anyone clarify what buying bitcoin with paypal is like?

It's like this: https://bitcointalk.org/index.php?topic=80373.0

Hope you liked it!
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you got hacked bitch!


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May 09, 2012, 10:07:02 PM
 #9

Um, I have over 63 positive feedback marks on my eBay account.

Thanks.

I am the Bitcoinica Hacker.
bbit
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May 09, 2012, 10:46:49 PM
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Um, I have over 63 positive feedback marks on my eBay account.

Thanks.

lol
rooflez
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May 09, 2012, 11:02:52 PM
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Um, I have over 63 positive feedback marks on my eBay account.

Thanks.

I stand corrected I guess.

How much would it cost to buy like 38 bitcoin off you?
David_Benz
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you got hacked bitch!


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May 09, 2012, 11:06:29 PM
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Um, I have over 63 positive feedback marks on my eBay account.

Thanks.

I stand corrected I guess.

How much would it cost to buy like 38 bitcoin off you?

380 dollars for you!  Cheesy

I am the Bitcoinica Hacker.
gokurox
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May 09, 2012, 11:39:06 PM
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I would think it's a bad idea for the seller, since I've heard from many of my friends that selling bitcoins through paypal is the absolute worst way to transfer them because of charge-back.

Now I know I'm new to bitcoins but in terms of paypal I'm a veteran, and I'd agree with everyone else when they say avoid it entirely. People on the internet try too hard and act too slick to be trusted with a payment method such as paypal... especially considering they usually side with the buyer and not the seller.
rooflez
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May 10, 2012, 01:06:42 AM
 #14

Um, I have over 63 positive feedback marks on my eBay account.

Thanks.

I stand corrected I guess.

How much would it cost to buy like 38 bitcoin off you?

380 dollars for you!  Cheesy
Why so expensive?
Herodes
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May 10, 2012, 02:15:44 AM
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rooflez, not sure where you're based, but if you have a european bank account, it's possible you could use https://bitcoinmarket24.com
rooflez
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May 11, 2012, 06:12:45 AM
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rooflez, not sure where you're based, but if you have a european bank account, it's possible you could use https://bitcoinmarket24.com
I'm actually Canadian. So that can't be an option.

I'm looking for a way to buy bitcoin with paypal for a good premium, as well.
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May 11, 2012, 10:53:56 AM
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rooflez, ok - did you check this list ?

Check out the list of currency exchanges and fixed rate exchanges, also try bitcoin-otc, you might get lucky there.

https://en.bitcoin.it/wiki/Trade#Currency_exchanges

Also, when buying with paypal, a lot of people have been burnt by ppl that reverse their payments, so don't have too high hopes of finding someone to do paypal business with, but I bet you're probably going to have someone offer you a smaller amount if interested. sturles often sell small amounts for paypal. he's a bitcoin-otc.
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May 11, 2012, 12:23:02 PM
 #18

#bitcoin-otc on Freenode is a possibility.  In general noone there will accept PayPal from anyone without a good rating on the web of trust, but some users of the exchange offer very small amounts to beginners who want to establish a rating.  Not a good solution if you need 50 BTC now, but may be worthwile if you are in it for a longer term.  When you have an established rating (a few weeks old, some positive, no negative), you will start finding more people who are willing to trade with you using PayPal, and at better rates as well.

Remember to read the guide first.  Especially the part about GPG authentication.  Nobody will accept PayPal from unauthenticated users.  Expect some healthy scepticism for the first few trades.  It isn't about you, it is all the scammers who come there every day trying to convert the balance on their stolen PayPal accounts to BTC.  Often wasting a lot of our time trying to convince us to trade anyway.  An advice: Use the e-mail on your PayPal account when registering with GPG.  We are much less sceptical of payments coming from the same e-mail as you registered with.  Don't use PayPal if you want to trade anonymously.

Sjå http://bitmynt.no for veksling av bitcoin mot norske kroner.  Trygt, billig, raskt og enkelt sidan 2010.
I buy with EUR and other currencies at a fair market price when you want to sell.  See http://bitmynt.no/eurprice.pl
I support the roadmap.  If a majority of miners ever try to forcefully take control of Bitcoin through a hard fork without 100% consensus, I will immediately split out and dump all my forkcoins, and buy more real Bitcoin.
gamer4156
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May 11, 2012, 05:40:19 PM
 #19

Honestly just use bit instant. It might take you leaving your house to visit a bank but it is a reliable, safe, and fast service.
akodi
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May 12, 2012, 08:05:26 PM
 #20

i would advise against it, i got the account i had my debit card attached to frozen and now i cant unfreeze it/use my debit card info for another one.
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