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MadZ (OP)
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January 26, 2015, 07:53:01 AM
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Wasn't sure if this was the right section to post this.

Anyway, I have no experience with buying BTC for Paypal, but might be looking to do so in the near future. I was wondering what % above the exchange rate I would need to buy at, I was hoping to pay no more than +5% or so. Is this a reasonable expectation or will I have trouble finding legitimate sellers at a price like this?
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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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Quickseller
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January 26, 2015, 08:32:16 AM
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You generally need to be very trustrd to buy Bitcoin with PayPal. Plus 5 percent should be enough however you probably won't be able to buy large amounts.
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January 26, 2015, 08:41:49 AM
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Paypal rates widely varies from trader to trader. Somewhere between 0% to 20%. Don't expect to easily get transactions if you don't have strong trade history when it comes to paypal.

If you want the other person to receive paypal funds, a method that wouldn't require as much trust would be to go buy a paypal MyCash with cash, then give the PIN to the seller. The PIN is used to load funds on the seller's paypal account. Less likely to be reversed this way.
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January 26, 2015, 08:55:15 AM
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localbitcoins, but the price is more +10% than the markets  Undecided
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