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Author Topic: [help] does paypal accept transfer money to coinbase  (Read 3802 times)
damtac84
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November 10, 2014, 10:04:11 AM
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I've just invest to bitcoin, so I have question: can I transfer direct money from Paypal to coinbase? using paypal to buy bitcoin and receive money when sell its?
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November 10, 2014, 10:14:03 AM
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I've just invest to bitcoin, so I have question: can I transfer direct money from Paypal to coinbase? using paypal to buy bitcoin and receive money when sell its?
AFAIK, you need a US bank account to transfer money to coinbase. Coinbase don't accept paypal deposits or withdrawals due to the fact that they are easily reversible. Try virwox or the currency exchange section.

damtac84
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November 11, 2014, 02:06:54 AM
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AFAIK, you need a US bank account to transfer money to coinbase. Coinbase don't accept paypal deposits or withdrawals due to the fact that they are easily reversible. Try virwox or the currency exchange section.

but the guardian said that we can use paypal to deposits or withdrawals, through subsidiary Braintree, but they didn't talk clearly. so that mean we have to have a us bank account, add it to paypal and we can use that service???
http://www.theguardian.com/technology/2014/sep/11/paypal-bitcoin-braintree-overstock-reddit
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November 11, 2014, 05:53:28 AM
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It is just referencing the fact that braintree now accepts bitcoin, using coinbase as its payment processor.  Coinbase has two primary functions - a consumer side that serves as a wallet/way to buy bitcoin, and a merchant processing side. Braintree is using the merchant function; you are using the consumer function. Unfortunately, there is no real overlap there for you.

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November 11, 2014, 09:44:59 AM
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It is just referencing the fact that braintree now accepts bitcoin, using coinbase as its payment processor.  Coinbase has two primary functions - a consumer side that serves as a wallet/way to buy bitcoin, and a merchant processing side. Braintree is using the merchant function; you are using the consumer function. Unfortunately, there is no real overlap there for you.
meaning there are no ways exchange bitcoin from coinbase (or any bitcoin wallet) to paypal's money?! sometime I need buy something but my paypal I don't enough to buy. If combine paypal and coinbase, it can!
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November 11, 2014, 09:54:50 AM
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No, unfortunately there is no direct conversion from coinbase to paypal. You could potentially sell btc for paypal, but that exposes you to a huge potential for fraud. If you have time, you can sell the btc for MoneyPak and transfer that to paypal, but you can't do so all at once.

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November 11, 2014, 12:10:00 PM
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It is just referencing the fact that braintree now accepts bitcoin, using coinbase as its payment processor.  Coinbase has two primary functions - a consumer side that serves as a wallet/way to buy bitcoin, and a merchant processing side. Braintree is using the merchant function; you are using the consumer function. Unfortunately, there is no real overlap there for you.
meaning there are no ways exchange bitcoin from coinbase (or any bitcoin wallet) to paypal's money?! sometime I need buy something but my paypal I don't enough to buy. If combine paypal and coinbase, it can!

For coinbase, you will need to sell bitcoin to get USD in your bank account, and then load your paypal account with the money.
For Virwox, you can sell bitcoin directly for paypal directly, but it has a higher fee.

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