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Author Topic: looking for 2BTC, giving 16 USD Paypal  (Read 2351 times)
pvanhuffel (OP)
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May 25, 2011, 10:06:48 PM
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Hello all,
I'm new here, I would like to see how it works. Biggest challenge is to trade USD with Bitcoins in a fast way. Paypal is the ideal way to act fast, but drawback is that some are abusing the system.
In order to test Bitcoin, I'm willing to buy 2 BTC for 16 USD from my Paypal account. Any Paypal cost is for you, but still should give you a nice deal.
PM me if interested, preferably within 30 minutes after this post (is after midnight here already in Belgium).
Thanks
Philippe
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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BitcoinsWallet
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May 25, 2011, 10:16:19 PM
 #2

Hello all,
I'm new here, I would like to see how it works. Biggest challenge is to trade USD with Bitcoins in a fast way. Paypal is the ideal way to act fast, but drawback is that some are abusing the system.
In order to test Bitcoin, I'm willing to buy 2 BTC for 16 USD from my Paypal account. Any Paypal cost is for you, but still should give you a nice deal.
PM me if interested, preferably within 30 minutes after this post (is after midnight here already in Belgium).
Thanks
Philippe

pvanhuffel, is complicated to trade with anyone who has only 1 post here....

Try https://mtgox.com/ and you will get better price than 8USD/1BTC (Current price: 7.5699)

Good luck!
pvanhuffel (OP)
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May 25, 2011, 10:43:25 PM
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Hello BitcoinsWallet,
I can understand, seems the system's actual challenge is to create a fast way to convert USD towards Bitcoins, seems like Paypal cannot do this, nor Credit Cards Sad
In case someone is still interested (even for better rate, since price is very variable), send me a message, reply within 24 hours.
Thanks and best regards
Philippe
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May 25, 2011, 10:50:13 PM
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PM sent.
Ricochet
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May 26, 2011, 12:53:34 AM
 #5

The problem with Paypal here is that it's the person sending PayPal who needs to have a good reputation.  Let's say I wanted to do this trade - you could send me the $16, I send you the 2 BTC which are irreversible, and then you initiate a chargeback on PayPal and get that $16 back. 

If you have a bank account, I think getting USD into Mt. Gox via Dwolla would be one of the easier, though slower, ways.  Or use that "BitcoinExchange" fellow who will accept PayPal.
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