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Author Topic: I want to buy bitcoins using paypal balance  (Read 5545 times)
pornluver
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March 14, 2015, 02:21:16 AM
 #1

I know what it sounds like. The paypal account is expendable though verified. Yea it shall go to reliable escrow first. I don't mind.

Price fluctuations could be an issue. So basically we agree to buy say 1 btc. Then we use the price at 24:00 on some website?

Can that be accomplished?

Basically I know people with so much paypal balance and I know people that have so many bitcoins.

If I want to accomplish that, what would be the escrow?

How much I should buy first without escrow?
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March 14, 2015, 02:25:15 AM
 #2

Well couple days ago Paypal allowed to reverse transaction up to 180 days.
Noone with any sense of business will sell you bitcoins through Paypal

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March 14, 2015, 02:28:39 AM
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Buying BTC through PayPal would be mighty convenient...but they don't offer any currency conversion services yet, do they?

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March 14, 2015, 02:36:01 AM
 #4

I know what it sounds like. The paypal account is expendable though verified. Yea it shall go to reliable escrow first. I don't mind.

Price fluctuations could be an issue. So basically we agree to buy say 1 btc. Then we use the price at 24:00 on some website?

Can that be accomplished?

Basically I know people with so much paypal balance and I know people that have so many bitcoins.

If I want to accomplish that, what would be the escrow?

How much I should buy first without escrow?

I'm pretty sure everyone on this forum is aware of paypal chargeback scams and won't deal with you except if you're extremely trusted.

But, you could try virwox.com or bitcoininsanity.com(both overcharges), if you're real urgent.
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March 14, 2015, 02:39:27 AM
 #5

Absolutely no one will do paypal to btc, so easy to scam ( I have been scammed myself.). Try some people you actually know in real life, or personally

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March 14, 2015, 02:55:11 AM
 #6

if the paypal account is legit there is no reason to not withdraw to bank account and buy at an exchange

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March 14, 2015, 03:02:47 AM
 #7

if the paypal account is legit there is no reason to not withdraw to bank account and buy at an exchange
In canada we have something called interac e-transfer (I don't know if you have the same thing in the US) but there are many exchanges allowing instant purchases (btc sent to your wallet within 10 minutes) with this e-transfer and its pretty great. I never buy btc tho, only sell it

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March 14, 2015, 08:37:09 AM
Last edit: March 14, 2015, 09:05:16 AM by pornluver
 #8

What about if you use expendable paypal and withdraw money right away? Also you see I've been here for a long time. I wouldn't destroy my account for $100-$200

But then again, I could do the same if only I can withdraw the money.

I'll think of another solution.

Currently I plan to accept money from paypal, use it to buy advertising traffic and without waiting for any return quickly pay my partner via my cash reserve. My partner will eventually buy bitcoins.

The reason why I want to buy bitcoins from paypal is actually because it's a business.

I can get money easily to paypal and I want to dispose of it quickly. So I can buy that more expensively. Say 5% higher price?
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March 14, 2015, 01:43:30 PM
 #9

I have heard that it is extremely easy to reverse a BTC deal through paypal with a chargeback. Just a heads up to be careful, ALOT of people have scammed this way.


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March 14, 2015, 01:54:41 PM
 #10

What about if you use expendable paypal and withdraw money right away? Also you see I've been here for a long time. I wouldn't destroy my account for $100-$200
How about this solution. Create a new paypal account, hook it up to your bank or atm or something, have the btc escrowed UNTIL its in your bank or in cash, then remove the bank account/card from the paypal account and the btc is released. Therefore if the money is chargebacked there is no money to take it from and you can't lose money in paypal.

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March 14, 2015, 03:57:40 PM
 #11

 Prepaid Bitcoin is the best place to buy bitcoin with Paypal. www.prepaidbitco.in
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March 14, 2015, 04:03:52 PM
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Firstly Paypal and Escrow would not go side by side, as its simply not possible.
As for buying bitcoin with paypal, localbitcoin traders with good trust would be your best bet.

However to prevent reversible transactions, they might ask you for  identification and some kind of terms, which would not allow you to charge back incase you go for it.
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March 14, 2015, 06:00:28 PM
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Prepaid Bitcoin is the best place to buy bitcoin with Paypal. www.prepaidbitco.in
Is this site secure enough? Have you guys tested it? Because I wouldn't really trust anything paypal related. Bitcoin and paypal are just not good pair.
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March 14, 2015, 07:47:46 PM
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Prepaid Bitcoin is the best place to buy bitcoin with Paypal. www.prepaidbitco.in
Is this site secure enough? Have you guys tested it? Because I wouldn't really trust anything paypal related. Bitcoin and paypal are just not good pair.

I don't think that site is secure enough. Someone with a brand new account posts that and logs off. Its points to a scam. Also, I couldn't find an ANN thread on it.
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March 15, 2015, 04:41:58 AM
 #15

I am thinking of giving 10% edge. So if bitcoin price is $1k I'll buy it at $1100

First trades will be around $100. At most. The thread will be displayed here.

After 2-3 trades, we can know each other real name and do some video skype but that should be private. That shouldn't be disclosed unless there is dispute.

I think my old account and my real name worth far more than $1k.

After a while, we'll do it $1k at a time at 5% edge.

If you have paypal account not linked to your real name and not linked to credit card with huge balance I think you can trust me. If I dispute you just abandon that paypal.

But how can I trust you? How much escrow cost here?

So yea there is risk.

Also the store is not open yet. I am just opening for suggestions.

As for 100% assurance, I just lost 14 Asicminer stock that now has gone wrong. So yea, nothing is assured 100%. However, this could work.
pornluver
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March 15, 2015, 04:50:45 AM
 #16

What about if you use expendable paypal and withdraw money right away? Also you see I've been here for a long time. I wouldn't destroy my account for $100-$200
How about this solution. Create a new paypal account, hook it up to your bank or atm or something, have the btc escrowed UNTIL its in your bank or in cash, then remove the bank account/card from the paypal account and the btc is released. Therefore if the money is chargebacked there is no money to take it from and you can't lose money in paypal.

That's what I am thinking. I won't do chargeback. But you can do that too. Look we start small. Eventually this can be big okay.
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March 15, 2015, 11:41:39 AM
 #17

any exchanges support paypal?? i didn't know  Embarrassed
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March 16, 2015, 03:22:49 AM
 #18

any exchanges support paypal?? i didn't know  Embarrassed
Don't think any big exchanges do paypal. But I know virwox you can do some SLL to BTC to paypal or something weird like that. Paypal is generally a no-no when it comes to bitcoin.

pornluver
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March 16, 2015, 09:10:07 AM
 #19

any exchanges support paypal?? i didn't know  Embarrassed
Don't think any big exchanges do paypal. But I know virwox you can do some SLL to BTC to paypal or something weird like that. Paypal is generally a no-no when it comes to bitcoin.

The reason why I want to buy bitcoin with paypal is not just convenient. Basically I am willing to give profit for you to take the risk. The profit depends on the source of fund.

In other word, I can give big profit if the fund source is risky. Risky fund source means you must pull the money out as quickly as possible by buying something quickly. I took no responsibility of your paypal account being limited. Definitely for those with fake paypal account.

Then there is a less risky one where you can grab money from bank account and once the money is in the bank, the escrow would send me my bitcoins. We got to tell which one would take risk if things happen.

I am not sure where the money comes from. It's also hidden from my source.
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March 16, 2015, 09:14:22 AM
 #20

https://www.virwox.com  is your unique chance Smiley

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