Bitcoin Forum
December 12, 2017, 04:46:10 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: I want to trade PayPal Cash for Bitcoins, will pay a premium..  (Read 918 times)
liottj
Newbie
*
Offline Offline

Activity: 3


View Profile
December 29, 2014, 09:36:27 PM
 #1

Hey, I have a lot of money in my PayPal account, and I've been wanting to buy BitCoins for a while now, although I haven't been able to do so as I do not have a bank account meaning my PayPal account is not verified, and you need to verify your account to buy BitCoins with PayPal from proper websites. I essentially want to find someone who is willing to let me send them money from PayPal account (i'm happy to send it as a friends and family transaction if you wish) and in return, you will send BitCoins to my wallet. Of course, I will give you extra money for the transaction, e.g. if the price of BitCoin at one time is '460 USD' I will send you '529 USD' for one BitCoin, which is a 15% bonus payment (we can discuss the bonus more, later on). I'm looking for multiple users, the minimum transaction I wish to complete per user is '100 USD' so if you have at least that amount of BitCoin and are happy to sell them to me, for a profit, via Paypal, email me at: liottjones@live.co.uk

If you are worried about me 'scamming' you, by doing a PayPal charge back, I am happy to select the 'friends and family' option on PayPal when i send the money, this means no matter what, I cannot request a refund. In order to stop myself from being scammed, I want to do the transactions in '20 USD' segments, e.g. if we make a deal where i send you '200 USD' via PayPal, I will send you it in 10 different payments and before I send the next payment, you will need to send me the '20 USD' worth of BitCoins, then I will send the next '20 USD' payment, etc, until the transaction is complete.

I hope to hear back from multiple users, I do not mind what country you live in, or how you acquired your BitCoins, I just want to get some that I can store for a few years and then convert them to real money if they ever go up drastically in price.

Thank You! -p.s. I'm new to this site, so if i'm posting this in the wrong area, or i'm just doing something wrong in general, let me know..
1513053970
Hero Member
*
Offline Offline

Posts: 1513053970

View Profile Personal Message (Offline)

Ignore
1513053970
Reply with quote  #2

1513053970
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513053970
Hero Member
*
Offline Offline

Posts: 1513053970

View Profile Personal Message (Offline)

Ignore
1513053970
Reply with quote  #2

1513053970
Report to moderator
1513053970
Hero Member
*
Offline Offline

Posts: 1513053970

View Profile Personal Message (Offline)

Ignore
1513053970
Reply with quote  #2

1513053970
Report to moderator
1513053970
Hero Member
*
Offline Offline

Posts: 1513053970

View Profile Personal Message (Offline)

Ignore
1513053970
Reply with quote  #2

1513053970
Report to moderator
bounst
Full Member
***
Offline Offline

Activity: 230


View Profile
December 30, 2014, 06:52:02 AM
 #2

ok i see, you only need buy bitcoin, localbitcoins just fits you well. if trading bitcoin, you should go exchange like btc-e lakebtc etc
shorena
Legendary
*
Offline Offline

Activity: 1400


ALL escrow is signed! https://keybase.io/verify


View Profile WWW
December 30, 2014, 08:35:25 AM
 #3

Sure lets do paypal, after you did the transfer Ill wait 180 days though to make sure you cant charge back.

We will be done in ~5 years from now.

"Friends and family" is no way to prevent charge back. PP does not allow currency exchange and has ruled against BTC seveal times in the past.

If PP is your only option you should buy something with the funds that can not be reversed (e.g. Steam tradeable items) and sell that in the digital goods section.

AnonBitCoiner
Full Member
***
Offline Offline

Activity: 140


View Profile
December 30, 2014, 10:11:52 AM
 #4

Actually, there are people who do this sort of thing on localbitcoins; if the user provides a photo with identification, then the seller has some sort of insurance (the buyer's identity) to provide if there ever is a chargeback. Apparently it can even escalate to court. If people are smart about how the decide to go about the business transaction, it can go smoothly; this would, of course, be contingent on the buyer's cooperation.
twister
Hero Member
*****
Offline Offline

Activity: 672



View Profile WWW
December 30, 2014, 10:37:14 AM
 #5

Can't one transfer from PP to their bank accounts? I think that would be the best and safest option, just transfer it to your bank and then buy BTC from it.

 

██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
 
Get Free Bitcoin Now!
  ¦¯¦¦¯¦    ¦¯¦¦¯¦    ¦¯¦¦¯¦    ¦¯¦¦¯¦   
0.8%-1% House Edge
[/
Maxplayer14
Jr. Member
*
Offline Offline

Activity: 36


View Profile
December 30, 2014, 01:16:03 PM
 #6

I have found localbitcoins to be the best option.  Bought several thousand dollars worth of BTC on there using PP.
damiano
Legendary
*
Offline Offline

Activity: 1246


103 days, 21 hours and 10 minutes.


View Profile
December 30, 2014, 11:25:33 PM
 #7

Friends and family option doesn't protect the receiver
AnonBitCoiner
Full Member
***
Offline Offline

Activity: 140


View Profile
December 31, 2014, 12:00:02 AM
 #8

Can't one transfer from PP to their bank accounts? I think that would be the best and safest option, just transfer it to your bank and then buy BTC from it.

Yeah, but if the buyer charges back, the seller's account goes into a negative balance, and they'll harass you to pay it off. If you try transferring money to the bank of the owner, there's no escrow service; thus it's difficult to tell whether or not the buyer/seller will actually follow through.
twister
Hero Member
*****
Offline Offline

Activity: 672



View Profile WWW
December 31, 2014, 06:49:57 AM
 #9

Can't one transfer from PP to their bank accounts? I think that would be the best and safest option, just transfer it to your bank and then buy BTC from it.

Yeah, but if the buyer charges back, the seller's account goes into a negative balance, and they'll harass you to pay it off. If you try transferring money to the bank of the owner, there's no escrow service; thus it's difficult to tell whether or not the buyer/seller will actually follow through.

I know about the charge-backs. I meant why not OP withdraws his money to his bank account and then buy BTC from that? Like using a debit card with circle or coinbase.

 

██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
 
Get Free Bitcoin Now!
  ¦¯¦¦¯¦    ¦¯¦¦¯¦    ¦¯¦¦¯¦    ¦¯¦¦¯¦   
0.8%-1% House Edge
[/
AnonBitCoiner
Full Member
***
Offline Offline

Activity: 140


View Profile
December 31, 2014, 07:26:37 AM
 #10

Can't one transfer from PP to their bank accounts? I think that would be the best and safest option, just transfer it to your bank and then buy BTC from it.

Yeah, but if the buyer charges back, the seller's account goes into a negative balance, and they'll harass you to pay it off. If you try transferring money to the bank of the owner, there's no escrow service; thus it's difficult to tell whether or not the buyer/seller will actually follow through.

I know about the charge-backs. I meant why not OP withdraws his money to his bank account and then buy BTC from that? Like using a debit card with circle or coinbase.

In his OP it says he doesn't have a bank account Tongue
twister
Hero Member
*****
Offline Offline

Activity: 672



View Profile WWW
December 31, 2014, 07:36:23 AM
 #11

Can't one transfer from PP to their bank accounts? I think that would be the best and safest option, just transfer it to your bank and then buy BTC from it.

Yeah, but if the buyer charges back, the seller's account goes into a negative balance, and they'll harass you to pay it off. If you try transferring money to the bank of the owner, there's no escrow service; thus it's difficult to tell whether or not the buyer/seller will actually follow through.

I know about the charge-backs. I meant why not OP withdraws his money to his bank account and then buy BTC from that? Like using a debit card with circle or coinbase.

In his OP it says he doesn't have a bank account Tongue
Hm. Does Virwox allow UN-verified Paypal?

 

██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
 
Get Free Bitcoin Now!
  ¦¯¦¦¯¦    ¦¯¦¦¯¦    ¦¯¦¦¯¦    ¦¯¦¦¯¦   
0.8%-1% House Edge
[/
AnonBitCoiner
Full Member
***
Offline Offline

Activity: 140


View Profile
December 31, 2014, 10:32:52 AM
 #12

Can't one transfer from PP to their bank accounts? I think that would be the best and safest option, just transfer it to your bank and then buy BTC from it.

Yeah, but if the buyer charges back, the seller's account goes into a negative balance, and they'll harass you to pay it off. If you try transferring money to the bank of the owner, there's no escrow service; thus it's difficult to tell whether or not the buyer/seller will actually follow through.

I know about the charge-backs. I meant why not OP withdraws his money to his bank account and then buy BTC from that? Like using a debit card with circle or coinbase.

In his OP it says he doesn't have a bank account Tongue
Hm. Does Virwox allow UN-verified Paypal?

I doubt it, though I'm not 100% sure. I just looked at their policy, and for mass payments, they only accept paypal from premium and business level accounts
Reynaldo
Legendary
*
Offline Offline

Activity: 1106



View Profile
December 31, 2014, 02:54:47 PM
 #13

Why dont you try localbitcoins if you are willing to pay "premium amounts"?
KWH
Legendary
*
Offline Offline

Activity: 1666

In Collateral I Trust.


View Profile
December 31, 2014, 05:27:19 PM
 #14

Hey, I have a lot of money in my PayPal account, and I've been wanting to buy BitCoins for a while now, although I haven't been able to do so as I do not have a bank account meaning my PayPal account is not verified, and you need to verify your account to buy BitCoins with PayPal from proper websites. I essentially want to find someone who is willing to let me send them money from PayPal account (i'm happy to send it as a friends and family transaction if you wish) and in return, you will send BitCoins to my wallet. Of course, I will give you extra money for the transaction, e.g. if the price of BitCoin at one time is '460 USD' I will send you '529 USD' for one BitCoin, which is a 15% bonus payment (we can discuss the bonus more, later on). I'm looking for multiple users, the minimum transaction I wish to complete per user is '100 USD' so if you have at least that amount of BitCoin and are happy to sell them to me, for a profit, via Paypal, email me at: liottjones@live.co.uk

If you are worried about me 'scamming' you, by doing a PayPal charge back, I am happy to select the 'friends and family' option on PayPal when i send the money, this means no matter what, I cannot request a refund. FALSE In order to stop myself from being scammed, I want to do the transactions in '20 USD' segments, e.g. if we make a deal where i send you '200 USD' via PayPal, I will send you it in 10 different payments and before I send the next payment, you will need to send me the '20 USD' worth of BitCoins, then I will send the next '20 USD' payment, etc, until the transaction is complete.

I hope to hear back from multiple users, I do not mind what country you live in, or how you acquired your BitCoins, I just want to get some that I can store for a few years and then convert them to real money if they ever go up drastically in price.

Thank You! -p.s. I'm new to this site, so if i'm posting this in the wrong area, or i'm just doing something wrong in general, let me know..

Using Family and friends CAN be charged back. Please amend your OP.

When the subject of buying BTC with Paypal comes up, I often remember this: 

Insanity: doing the same thing over and over again and expecting different results.

Albert Einstein
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!