egyproductions (OP)
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Activity: 89
Merit: 10
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November 07, 2014, 08:00:45 PM |
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How needed is a instant bitcoin to paypal exchange? If it where to happen, a trusted site which exchanges bitcoin to paypal instantly?
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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RodeoX
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Activity: 3066
Merit: 1145
The revolution will be monetized!
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November 07, 2014, 08:14:39 PM |
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bitcoin has no chargebacks, PayPal does. Mixing paypal and bitcoin normally ends with a theft.
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egyproductions (OP)
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Activity: 89
Merit: 10
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November 07, 2014, 08:32:02 PM |
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I understand that part, but soon im launching a site where you sell your coins with and receive cash through paypal, going to be instant, 60seconds max delay, minimum 3 usd so you can then up to 600, a limit of 5 btc per a day
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RodeoX
Legendary
Offline
Activity: 3066
Merit: 1145
The revolution will be monetized!
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November 07, 2014, 09:23:01 PM |
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I understand that part, but soon im launching a site where you sell your coins with and receive cash through paypal, going to be instant, 60seconds max delay, minimum 3 usd so you can then up to 600, a limit of 5 btc per a day
Sounds like you already know then. Interesting project, I hope you make a million! (a million bitcoins that is!) |
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Miitch
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November 08, 2014, 10:31:13 AM |
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Sounds very interesting! Keep us posted  |
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finlon
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November 08, 2014, 06:35:56 PM |
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Isn't localbitcoin an already reliable exchange for people to trade with paypal, when you are on the receiving end?
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bitnanigans
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November 09, 2014, 11:59:17 AM |
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You'd probably have to deal with a lot of chargeback fraud with this service.
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Xch4ng3
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November 09, 2014, 12:04:20 PM |
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Well PayPal doesn't allow the trading of cryptocurrencies so it'll be interesting how you will go about providing this service. Regardless, I would say since the majority of people are comfortable with PayPal if they were able to buy Bitcoins with PayPal it'd definitely help them dip their toes into the scene.
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killsig
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November 13, 2014, 11:29:30 PM |
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virwox.com does bitcoin to paypal. Not completely INSTANT, but works well.
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killsig
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November 13, 2014, 11:30:40 PM |
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bitcoin has no chargebacks, PayPal does. Mixing paypal and bitcoin normally ends with a theft.
Theft by paypal... lol |
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kashish948
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Merit: 1000
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November 14, 2014, 05:06:05 AM |
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I have a few ideas on how to do this safely for both parties. PM me if interested in kind of a partnership.
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maddog0000
Newbie
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November 14, 2014, 05:13:16 AM |
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I understand that part, but soon im launching a site where you sell your coins with and receive cash through paypal, going to be instant, 60seconds max delay, minimum 3 usd so you can then up to 600, a limit of 5 btc per a day
I would be interested in using this service, Provided the fees were relatively low. |
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