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Author Topic: Where to sell? paypal??  (Read 2325 times)
caga
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November 18, 2014, 06:57:18 AM
 #21

Is there any place where i can sell my bit coins and receive cash instantly on my paypal?

Localbitcoins is your best bet. However, if you wish to trade large quantities , I would recommend staying away from it, and use another form of payment, as the seller, could just scam one guy for large amount, and it wouldn't affect his reputation much.

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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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November 18, 2014, 12:55:04 PM
 #22

Stay far far far away from PayPal or any other scam based organisations that have no security policies so they just hand money back to people.

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November 18, 2014, 10:56:49 PM
 #23

Stay far far far away from Paypal or any other organization that has a well-publicized, enforced policy of forbidding and reversing bitcoin trades.  They will hand money back to people because you specifically did what their terms of service forbade you to do when you used them to trade for bitcoin.

This isn't a security "risk".  This is their security, working as designed. 
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