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Author Topic: Cashing out BTC to paypal?  (Read 2778 times)
revv (OP)
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February 19, 2015, 07:54:40 PM
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I have 5 btc I want to cash out... I was thinking with virwox but im not sure if they do? and if so how much exactly is the fee going to be or approximately?
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redsn0w
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February 19, 2015, 08:04:55 PM
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I have 5 btc I want to cash out... I was thinking with virwox but im not sure if they do? and if so how much exactly is the fee going to be or approximately?

Do you only want to convert them for paypal? I suggest you to check this forum section : https://bitcointalk.org/index.php?board=53.0   it will be helpful for you.
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February 23, 2015, 12:22:33 PM
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You can find lots of trusted users who will pay 15%+ fee for your bitcoin (using paypal) .. Just check currency exchange subforum
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February 23, 2015, 12:48:33 PM
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Unless you absolutely know who you're dealing with and are confident they wouldn't claim for a chargeback after you send the coin, I'd highly recommend cashing out via some other payment system.
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February 23, 2015, 12:58:53 PM
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You can find lots of trusted users who will pay 15%+ fee for your bitcoin (using paypal) .. Just check currency exchange subforum

Depends on what you consider trusted. For what I consider trusted, he will have a very hard time finding someone willing to buy at 15%. Be very careful dealing with members here that will pay high fees like that..
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February 23, 2015, 11:12:46 PM
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Just use localbitcoins and try and do it in smaller amounts to avoid a chargeback.

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February 24, 2015, 09:10:46 AM
 #7

btc-e do paypal withdrawals
you can try them,
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February 25, 2015, 11:57:36 AM
 #8

I have 5 btc I want to cash out... I was thinking with virwox but im not sure if they do? and if so how much exactly is the fee going to be or approximately?

To cashout With PayPal u better find an exanger.
There are many scamers around waitting to screw members of this forum.
Good luck!

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February 25, 2015, 10:05:01 PM
 #9

Unless you absolutely know who you're dealing with and are confident they wouldn't claim for a chargeback after you send the coin, I'd highly recommend cashing out via some other payment system.
Agree, Paypal is HUUUUUUUUUGE risk to you at this situation.
Zawamiya
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February 28, 2015, 05:34:12 PM
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why you want to cashout to paypal only, there is risk of chargeback later
you can directly withdraw to your bank account via some exchanges or sell them for other currencies that don't revert transaction
havecoch
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March 01, 2015, 10:47:17 AM
 #11

Instead of Virwox, ask a trusted reputed trade ron bitcointalk to do the trade for you and buy your bitcoins.

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March 02, 2015, 07:04:32 AM
 #12

The best way to go get off the books is a form of cash.

You can do it by localbitcoins and do it all in cash. Which I would recommend before that paypal option.
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March 04, 2015, 11:59:47 PM
 #13

I've had issues in the past using PayPal, but they do have some level of verification. Specifically name, address, tel, bank or CC, etc. The risk here is the chargeback. I suppose if you trust the person you're trading with you're OK.

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erikalui
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March 06, 2015, 04:19:27 PM
 #14

https://localbitcoins.com

The website is quite trusted but I have no clue about the fee they charge. You can also try the Currency Exchange section.

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March 06, 2015, 06:45:31 PM
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better to use an escrow and cash out here on the forum, or localbitcoin, paypal is dangerous because of chargeback
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March 07, 2015, 03:32:08 AM
 #16

Paypal will suspend your account if they somehow find out it is BTC related. They were still freezing accounts very recently.

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March 08, 2015, 01:55:57 AM
 #17

Paypal will suspend your account if they somehow find out it is BTC related. They were still freezing accounts very recently.

I can confirm this. It happened to me 2 weeks ago.

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March 08, 2015, 12:40:48 PM
 #18

I herd that LocalBitcoin is stable and reliable method to buy and sell BTC, but havent used them personally. If you decide to do this with individual, be sure to use escroe to protect yourself. Good luck!

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March 08, 2015, 12:58:25 PM
 #19

Paypal will suspend your account if they somehow find out it is BTC related. They were still freezing accounts very recently.

I can confirm this. It happened to me 2 weeks ago.

And how does PayPal get to know that the cash was sent was bitcoin related? Is it depending on the site that sends the payment for bitcoins or if the note specifies the same?

chmod755
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March 08, 2015, 03:00:49 PM
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And how does PayPal get to know that the cash was sent was bitcoin related? Is it depending on the site that sends the payment for bitcoins or if the note specifies the same?

If you trade with a few people some of them will mention "Bitcoin" in the payment reference part even if you tell them not to do this and PayPal occasionally checks user accounts.

The only company doing PayPal <-> Bitcoin with their permission is VirWoX.

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