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Author Topic: I want to buy bitcoins using paypal balance  (Read 5544 times)
hedgy73
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March 26, 2015, 09:16:32 PM
 #41

I've purchased some small amounts of bitcoin using Paypal on here recently and everything has gone well. I think as long as the buyer has an established forum account with good trust and an established verified Paypal account and the amount is relatively small I can't see a problem. Obviously newbie accounts asking for large amounts is completely different.

On a side note I noticed someone selling bitcoin on ebay earlier and they said they accepted Paypal if its sent as gift or to friends & family so that might make a difference to whether its reversible but I'm not sure.

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miguelmorales85
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March 26, 2015, 11:23:27 PM
 #42

Check out my sig. You can use both Paypal and CC to buy BTC. Good luck.
the front page shows that you cant withdraw to your paypal account but it doesnt says you can fund it from paypal
funtotry
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March 28, 2015, 03:57:06 AM
 #43

What about if they sent as a gift. I have never really bought bitcoin with paypal so I don't know what different ways you can send it. I have heard of gift sending, if you force them to send as a gift, is all chargeback possibility removed? Couldn't they still say it was unauthorized transation because even if they used gift it could still be someone unauthorized logging onto their account.

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March 29, 2015, 02:24:17 PM
 #44

What about if they sent as a gift. I have never really bought bitcoin with paypal so I don't know what different ways you can send it. I have heard of gift sending, if you force them to send as a gift, is all chargeback possibility removed? Couldn't they still say it was unauthorized transation because even if they used gift it could still be someone unauthorized logging onto their account.

I would second that.

If there is a way to send money in paypal in ways that is not returnable then its' great.

Or, instead of buying bitcoin, I am thinking of buying bitcoin mining shares? Hmmmm... From butterfly labs?

Or anything I can buy with paypal that will become bitcoins eventually? I just need to move paypal balance quickly
fox19891989
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March 30, 2015, 04:24:39 AM
 #45


Btc-e does not accept paypal, I don't know where you got that from. Unless your talking about the chat, but I don't trust anyone from any chat to do any trading or dealing with. 5% fee is still quite a bit. Thats a couple dollars off a btc.

Maybe btc-e.com disabled paypal deposit, I remember the deposit option can be paypal but with 5% fees in 2013 when i traded in btc-e. OKpay is the most popular there only has 2% fees.

I don't trade coins in btc-e for 1 year, maybe that's the reason I still thought it enables paypal deposit. And we can still withdraw to paypal there.
loan4
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March 30, 2015, 06:38:38 PM
 #46

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?



You can buy bitcoin by Paypal at alfacahsier,com .
Edward_Cryptonit
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March 31, 2015, 02:12:21 PM
 #47

Hi,

https://cryptonit.net offers paypal deposit possibility for verified users. Our fees are significantly lower in comparison to Virwox and other similar services.

Would be glad to answer your questions, in case you have any.

Regards
Edward

Cryptonit.net - reliable cryptocurrency exchange.
gh0st_m0de
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March 31, 2015, 05:29:18 PM
 #48

paypal is the worst way to buy bitcoin.

I think you can use it as a method of payment in some circumstances with LocalBitcoins (if I'm not mistaken).
CoinDiver
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March 31, 2015, 05:31:18 PM
 #49

Get a PayPal debit card, and use Circle.

http://mises.org/daily/3229
BTC:1PEyEKyVZgUvV4moXvCD5rQN21QETGPpLc
coyne1981
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March 31, 2015, 05:41:12 PM
 #50

paypal is the worst way to buy bitcoin.

I think you can use it as a method of payment in some circumstances with LocalBitcoins (if I'm not mistaken).


Yes, a lot of people accept it there. They mark it up quite a bit though.

eneilwe
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March 31, 2015, 05:53:52 PM
 #51

its not safe using paypal to buy bitcoins. It will be very hard to find someone accepting paypal. But goodluck finding some1.
coyne1981
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March 31, 2015, 05:57:35 PM
 #52

its not safe using paypal to buy bitcoins. It will be very hard to find someone accepting paypal. But goodluck finding some1.

Its not too hard actually. Its already been said in this thread. People will accept it with a mark up, and also, the buyer is required to send payment as a gift so there cannot be a charge back. Look on localbitcoins and refine by paypal as payment method. You will see a ton of people willing to do this.

damiano
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March 31, 2015, 10:51:10 PM
 #53

Have you tried www.virwox.com?
hedgy73
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March 31, 2015, 10:56:56 PM
 #54

I'm pretty sure if you buy bitcoin direct through Paypal using friend / family / gift option it can't be reversed.

swapman
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April 01, 2015, 05:05:45 AM
 #55

This actually isn't as problematic as some are making it out to be. I'd be way more worried if you were selling your coins for paypal and suffering the chargeback risk. Though now with Neteller accepting coin, it would be odd if paypal wasn't kicking things up to high gear to beat their competitors.
coyne1981
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April 01, 2015, 01:02:15 PM
 #56

I'm pretty sure if you buy bitcoin direct through Paypal using friend / family / gift option it can't be reversed.

Exactly. The risk is all on the buyer however. If the other party doesn't send the coins then your out of luck.

gh0st_m0de
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April 02, 2015, 12:39:39 AM
 #57

What about if they sent as a gift. I have never really bought bitcoin with paypal so I don't know what different ways you can send it. I have heard of gift sending, if you force them to send as a gift, is all chargeback possibility removed? Couldn't they still say it was unauthorized transation because even if they used gift it could still be someone unauthorized logging onto their account.

I would second that.

If there is a way to send money in paypal in ways that is not returnable then its' great.

Or, instead of buying bitcoin, I am thinking of buying bitcoin mining shares? Hmmmm... From butterfly labs?

Or anything I can buy with paypal that will become bitcoins eventually? I just need to move paypal balance quickly


since chargebacks can be requested through paypal AND your bank card....i would say its still risky.
You could donate through paypal, to increase chance paypal wont chargeback - but that dont stop the user from calling say, wells fargo, and saying "i accidently donated through paypal, and this is the debit card tied to it - i need to cancel that transaction i made a mistake" usually bank will side with cardholder.

just a heads up it could be possible to do that. if ppl are using paypal, only do it with people you have rapports with and know well.
coyne1981
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April 02, 2015, 03:26:00 PM
 #58

I looked into it. Even if sent as a gift it can be charged back. Someone can say their account or credit card was stolen. That being said, you don't need to worry about that if your the buyer. Just make sure you use escrow to insure you get your coins.

miguelmorales85
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April 02, 2015, 10:51:42 PM
 #59

Thanks to all for your comments. I can see buying using paypal balance is kinda complicated...
I am not a US citizen so I cant upload the money to my US bank account and buy form Coinbase or Circle.. I guess my hands are tied.

Virwox has very high fees..
miguelmorales85
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April 02, 2015, 11:16:29 PM
 #60

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?



You can buy bitcoin by Paypal at alfacahsier,com .

not true, I can only sell BTC for paypal. You said it backwards
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