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maku
Legendary
 Offline
Activity: 1288
Merit: 1000
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March 02, 2015, 03:29:35 PM |
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If it is possible to buy bitcoin with PayPal? Absolutely!
Is it advisable? No. Not really. Due to chargeback function of PayPal and lack of this functionality in case of Bitcoin it is difficult.
Of course if you are legit, and your partner is honest there is no problem. But you need to secure transaction with collateral or escrows.
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aljunking (OP)
Member
Offline
Activity: 67
Merit: 10
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March 02, 2015, 03:32:00 PM |
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If it is possible to buy bitcoin with PayPal? Absolutely!
Is it advisable? No. Not really. Due to chargeback function of PayPal and lack of this functionality in case of Bitcoin it is difficult.
Of course if you are legit, and your partner is honest there is no problem. But you need to secure transaction with collateral or escrows.
Have you tried buying bitcoin through paypal? Any knowledge about it? Share it please.  Newbies like me tend to turn to paypal so that we could buy bitcoin. |
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hua_hui
Legendary
Offline
Activity: 1386
Merit: 1016
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March 02, 2015, 03:37:33 PM |
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If it is possible to buy bitcoin with PayPal? Absolutely!
Is it advisable? No. Not really. Due to chargeback function of PayPal and lack of this functionality in case of Bitcoin it is difficult.
Of course if you are legit, and your partner is honest there is no problem. But you need to secure transaction with collateral or escrows.
Have you tried buying bitcoin through paypal? Any knowledge about it? Share it please. Newbies like me tend to turn to paypal so that we could buy bitcoin. Why not go to exchange to buy it? It is more secure and easy. You just register an account there and deposit some cash! |
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BillyBobZorton
Legendary
Offline
Activity: 1204
Merit: 1028
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March 02, 2015, 03:44:03 PM |
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You can use the good ol Virwox method:
Buy SLL (second life lindell dollars) with paypal, -> buy BTC, withdraw said BTC to your wallet.
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gadman2
Legendary
Offline
Activity: 977
Merit: 1000
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March 02, 2015, 04:31:03 PM |
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Never accept paypal for bitcoin.
Not from your parents, wife, dog or imaginary friend.
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Beliathon
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March 02, 2015, 04:33:31 PM
Last edit: March 02, 2015, 04:47:26 PM by Beliathon |
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Never accept paypal for bitcoin.
Not from your parents, wife, dog or imaginary friend.
QFT. Ethically speaking you shouldn't accept any fiat for bitcoin. Why further legitimize bloodmoney? |
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data_teks
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March 02, 2015, 05:31:24 PM |
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Never accept paypal for bitcoin.
Not from your parents, wife, dog or imaginary friend.
Well the OP is buying bitcoin for paypal. There is no real risk to him. |
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dsly
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March 02, 2015, 06:05:59 PM |
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You can use the good ol Virwox method:
Buy SLL (second life lindell dollars) with paypal, -> buy BTC, withdraw said BTC to your wallet.
Virwox and the normal Paypal are never worth it . You will be paying a hefty fees buying with paypal . |
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micheline
Newbie
Offline
Activity: 42
Merit: 0
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March 02, 2015, 06:45:47 PM |
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Whether newbie or not - it's never advisable to buy anything through paypal if there are alternatives and it's even less advisable to buy Bitcoin through paypal. Either use the ordinary exchanges or buy with cash in person. This way you will only risk the cash at hand and will not provoke arbitrary seizure of all your funds in your paypal account. |
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redsn0w
Legendary
Offline
Activity: 1778
Merit: 1042
#Free market
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March 02, 2015, 06:50:07 PM |
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Paypal isn't a method of payment secure, there are a lot of chargeback every day. I don't suggest PP for buy bitcoin , better cash.
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dsly
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March 02, 2015, 06:50:45 PM |
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If you are certain you want to go with paypal, then would second localbitcoin as well, as long as you use a trusted seller you should be fine. But expect to pay a high fees already |
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krigger
Sr. Member
Offline
Activity: 518
Merit: 250
Presale is live!
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March 02, 2015, 06:55:04 PM |
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It's not wise to do it anyway. You can easy stay without Bitcoins but also without funds from your PayPal, as some sellers scamming people.
Maybe where it is trusted to do, on some already known trading spot. I did not tested it yet and to be honest I would not give a shot.
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MaoChao
Legendary
Offline
Activity: 996
Merit: 1133
Get Some!
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March 02, 2015, 07:24:17 PM |
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It's not wise to do it anyway. You can easy stay without Bitcoins but also without funds from your PayPal, as some sellers scamming people.
Maybe where it is trusted to do, on some already known trading spot. I did not tested it yet and to be honest I would not give a shot.
You know how working LocalBitcoins? |
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LeoN147
Member
Offline
Activity: 91
Merit: 15
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March 02, 2015, 07:35:54 PM |
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Its totally possible, the problem is, How do you plan to trade it ?
Personally, It doesnt matter for me as long I take screenshots/proofs during the operation and if they chargeback, I simply place all the proofs and let paypal judge. (They wont give it back to him if your proofs are valid)
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nikona
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March 02, 2015, 09:49:46 PM |
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If it is possible to buy bitcoin with PayPal? Absolutely!
Is it advisable? No. Not really. Due to chargeback function of PayPal and lack of this functionality in case of Bitcoin it is difficult.
Of course if you are legit, and your partner is honest there is no problem. But you need to secure transaction with collateral or escrows.
Have you tried buying bitcoin through paypal? Any knowledge about it? Share it please. Newbies like me tend to turn to paypal so that we could buy bitcoin. Why not go to exchange to buy it? It is more secure and easy. You just register an account there and deposit some cash! Yeah exchange should be the best way to buy a BTC most of them charge around 1% which is acceptable amount.. n is safe.. U can have a lots of options of ppl to buy BTC from. |
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finnile
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March 03, 2015, 06:01:34 AM |
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Its totally possible, the problem is, How do you plan to trade it ?
Personally, It doesnt matter for me as long I take screenshots/proofs during the operation and if they chargeback, I simply place all the proofs and let paypal judge. (They wont give it back to him if your proofs are valid)
I don't think paypal settles disputes for digital goods. And they have always been anti-bitcoin, so I am guessing it would be worse with it. |
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Icardi09
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March 03, 2015, 06:32:43 AM |
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Forget about paypal, they hate bitcoin since it will damaging their business if bitcoin grow.
And with dispute and chargeback everyday, it's not good for bitcoin because there is no reversal transaction in bitcoin
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Criterion
Member
Offline
Activity: 73
Merit: 10
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March 03, 2015, 09:44:05 AM |
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You should be fine as long as you use a trusted seller on localbitcoins. Well if you don't mind overpaying by 10%  |
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