How to buy Bitcoins with PayPal?

[rszibele]

Hi I'm new to Bitcoin and I've been looking around on the internet on how to buy Bitcoins with my PayPal account. So far the only website that seems to offer this is Virwox and they have insane fees (15%  ).

Does anyone have experience with buying Bitcoins with PayPal? I'd greatly appreciate any help.

[Minnlo]

Hi I'm new to Bitcoin and I've been looking around on the internet on how to buy Bitcoins with my PayPal account. So far the only website that seems to offer this is Virwox and they have insane fees (15%  ).

Does anyone have experience with buying Bitcoins with PayPal? I'd greatly appreciate any help.

You may try localbitcoins, but it is unlikely for you to find someone to take paypal from a new account because of chargeback risk.

If I were you, I would just withdraw the paypal balance, and buy bitcoin with cash / bank transfer on localbitcoins. Don't forget to check the seller's feedback score first before paying.

[rszibele]

There are a few people offering Bitcoins at around 300 $ at localbitcoins but unfortunately none at the current market price...

Yeah I suppose the best would be to withdraw the money and use wire transfer but it is quite a hassle and my PayPal is not connected to my bank either.

[funtotry]

I would recommend NOT using paypal at all, buying or selling. So many issues with paypal and their ToS, as well as the charge-back scams. Using paypal quite regularely on localbitcoins as a seller of btc, I have been charge backed about 25% of the time and even with a large percentage of profit from paypal to btc, its still not worth getting charge backed 1/4 of the time.

[Shazam!!!]

Virwox is about the only PayPal friendly site. They also take Debit as well, so you could save a LITTLE there.
I wanted to try LocalBitcoins  but I don't wanna pay $300 for a $240 Bitcoin---That's even worse than Virwox!!!

[rszibele]

Is there any way I can guarantee the other person in the trade that I can not charge back?

I read something about PayPal notes in the past where you had to go first + write a note that you have received the item without actually having received it. Does anyone know more about this?

EDIT: This would of course be done with escrow, but I have no idea how escrow works with Bitcoins. Also, thanks for the replies!

[coinpr0n]

Not sure that you could escrow paypal since the waiting period would be at 14 days or a month.

[wakka622]

i bought BTC here, you can find trusted user service
https://bitcointalk.org/index.php?board=53.0

[funtotry]

Even though I am against paypal as a whole, if you absolutely NEED to use paypal to btc, make a new account not tied to anything important, escrow until the btc is in cash out of an ATM, then if you get chargebacked abandon the account. Someone else state this in another thread but I felt the need to remind it here.

[koshgel]

PayPal for BTC carries way too much risk. Virwox is a choice but high fees and limited amount

[ObscureBean]

I used Virwox extensively when I first got into crypto in 2013, they do have insane fees but those only apply to newbie accounts, the more you use their service, the less you pay in fees. So on your 5th deposit for example, you'll be paying a lot less. The only thing is if you don't use them for a long enough period, your privileges are reset and you start paying insane fees again
They are the safest out there though when it comes to buying with PayPal.
These days I'm using Circle and I'm 100% happy with their service, I would definitely recommend them over Virwox if using a Visa or Mastercard is an option for you.

[Madness]

Hi I'm new to Bitcoin and I've been looking around on the internet on how to buy Bitcoins with my PayPal account. So far the only website that seems to offer this is Virwox and they have insane fees (15%  ).

Does anyone have experience with buying Bitcoins with PayPal? I'd greatly appreciate any help.

Yeah , most of people don't like Virwox just because of the fees . I searched little bit and here what I've found :
https://localbitcoins.com/buy-bitcoins-online/paypal/
Also you have this website Bitcoin Insanity , I found it on the bitcoin wiki . never used it tho : http://www.bitcoininsanity.com/

~ Madness

[rszibele]

i bought BTC here, you can find trusted user service
https://bitcointalk.org/index.php?board=53.0

That's pretty risky for the seller of BTC though and I don't think anyone would sell to me, but I'll try.

Hi I'm new to Bitcoin and I've been looking around on the internet on how to buy Bitcoins with my PayPal account. So far the only website that seems to offer this is Virwox and they have insane fees (15%  ).

Does anyone have experience with buying Bitcoins with PayPal? I'd greatly appreciate any help.

Yeah , most of people don't like Virwox just because of the fees . I searched little bit and here what I've found :
https://localbitcoins.com/buy-bitcoins-online/paypal/
Also you have this website Bitcoin Insanity , I found it on the bitcoin wiki . never used it tho : http://www.bitcoininsanity.com/

~ Madness

I also found Bitcoin Insanity, the fees are around 20% at the current prices (even higher than Virwox). So if you buy the 25$ option you only get around 20$ worth of Bitcoins. They also do not actually offer PayPal as a payment method when you go to the checkout, despite what they write on their home page.

[Madness]

i bought BTC here, you can find trusted user service
https://bitcointalk.org/index.php?board=53.0

That's pretty risky for the seller of BTC though and I don't think anyone would sell to me, but I'll try.

Hi I'm new to Bitcoin and I've been looking around on the internet on how to buy Bitcoins with my PayPal account. So far the only website that seems to offer this is Virwox and they have insane fees (15%  ).

Does anyone have experience with buying Bitcoins with PayPal? I'd greatly appreciate any help.

Yeah , most of people don't like Virwox just because of the fees . I searched little bit and here what I've found :
https://localbitcoins.com/buy-bitcoins-online/paypal/
Also you have this website Bitcoin Insanity , I found it on the bitcoin wiki . never used it tho : http://www.bitcoininsanity.com/

~ Madness

I also found Bitcoin Insanity, the fees are around 20% at the current prices (even higher than Virwox). So if you buy the 25$ option you only get around 20$ worth of Bitcoins. They also do not actually offer PayPal as a payment method when you go to the checkout, despite what they write on their home page.

That's why I never use any Exchange websites . I simply trade on forums like LeakForums , HackForums , BitcoinTalk forums which have "Currency Exchange" sections . simply you put your price and rates and you wait someone to PM you . but most of people don't use Paypal for trading with Bitcoin because Paypal can be chargebacked .

~ Madness

[TotalShift]

Why not withdraw your funds to your bank? And buy bitcoins via bank transfer or western/moneygram. I think it would be cheaper that way. But once you become trusted here many would sell you bitcoins for paypal.

[ranochigo]

Due to the huge risk incurred with PayPal payments, they aren't usually accepted and even if they are, fees are very steep. There might be people looking to exchange BTC to PayPal at the currency exchange section. You may need higher reputation to provide assurance to the seller that you won't chargeback.

[irfan_pak10]

Due to the huge risk incurred with PayPal payments, they aren't usually accepted and even if they are, fees are very steep. There might be people looking to exchange BTC to PayPal at the currency exchange section. You may need higher reputation to provide assurance to the seller that you won't chargeback.

Yeah you are right i know few months back, when xmlgold.eu accepting pp to exchange with btc, but now they dont because they were got scammed by a charge back from a member. There PP is very insecure to exchange your money.

[RodeoX]

Due to the huge risk incurred with PayPal payments, they aren't usually accepted and even if they are, fees are very steep. There might be people looking to exchange BTC to PayPal at the currency exchange section. You may need higher reputation to provide assurance to the seller that you won't chargeback.

Yeah you are right i know few months back, when xmlgold.eu accepting pp to exchange with btc, but now they dont because they were got scammed by a charge back from a member. There PP is very insecure to exchange your money.

+1 I would suggest forgetting about mixing PayPal and bitcoin, it often ends poorly.

[finnile]

Virwox is no longer a good option. Its fees is too high. better buy something with bitcoin , and trade it for BTC.

[mrhelpful]

Theres not much, unless you use paypal as a credit system to invoice yourself to pull out cash then transfer to your account.

Then go buy bitcoin in person on localbitcoin.