3 ways to grow more bitcoins and ways to lose it - page 3.

dharkmadder

member

Activity: 112

Merit: 10

Quote from: allankey on September 29, 2016, 08:59:37 PM

I am particularly interested in point 3. Isn't using Paypal with bitcoins a taboo? Has anyone tried the site?

https://steemit.com/bitcoin/@jellytail/3-ways-to-grow-your-bitcoins-or-3-ways-to-lose-your-bitcoins

Quote

3. Sell your Bitcoins with a 15% mark-up on xCoins.io

xCoins.io is a site that was launched in June with positive reviews. The controversy with this site is that it uses Paypal as its payment processor. xCoins is a middle man that connects buyers and sellers with the former who seeks to buy bitcoins with Credit card or Paypal -- at a 15% markup price. The sellers will receive the proceeds in their Paypal account. Many readers are very likely to disapprove this site because it is using Paypal as the main mechanism for fund transfer since Paypal transactions are reversible by scammers.

I tried selling BTC for PayPal once before but it was to someone that was trusted through localbitcoins and was for almost no profit for me "and a 1-2% lower rate than the market actually", A website offering PayPal for such rate is sketchy to say the least..

sbtctalk

sr. member

Activity: 266

Merit: 250

I remember Paypal has a 3 month chargeback window period.

Anything can happen within the 3 months and buyer could play punk.

I filed a chargeback with paypal over miningsweden but it was ruled against me because probably i did not do it correctly.

mobnepal

legendary

Activity: 1218

Merit: 1006

I have heard about this xcoins before and also they get promoted before in big bitcoin magazines however dont know how they are still in operation and paypal not banning or limiting their account as i think paypal completely restrict bitcoin related transaction and they are openly providing buying bitcoin with paypal service. I will stay away better to sell in person to person deal from which also you can get higher price than market rate.

Ardenyham

legendary

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Don't Hesitate to Tip me for My Helps and Guides.

If you want to buy sell with paypals then the best choice (in my opinion) is this forum's exchange service. the site you are talking about may be legit but I never used that. and you can get almost the same discount from this forum too..

Quote from: MONKEYJUNK on September 30, 2016, 12:01:02 AM

What is it?
Posting some link of steemit to earn some views and win some money?
Post here or to the trash with this trhead...

LOL.. maybe he tried to promote his own post to get some upvotes. but I don't think it will work for him.. upvotes of this forum users have not value.

Kakmakr

legendary

Activity: 3514

Merit: 1963

Leading Crypto Sports Betting & Casino Platform

Most PayPal transactions turns out to be a scam, with the transactions being reversed and PayPal taking sides against the Bitcoiners. We have more than enough legitimate services, where people use Escrow to buy and sell bitcoins. The regulated exchanges will never use PayPal payments, because they know it is a scammers paradise. ^hmmmm^

Tanic

sr. member

Activity: 294

Merit: 250

I haven't try the site yet. But wander as well is it really works as you say or not. I don't see the reason the site would pay 15% up to your bitcoins, it seems a bit illogical to me. But probably they know that bitcoin will grow even higher soon, that is why they are buying it for such price.

MONKEYJUNK

sr. member

Activity: 434

Merit: 250

What is it?
Posting some link of steemit to earn some views and win some money?
Post here or to the trash with this trhead...

MyBTT

sr. member

Activity: 378

Merit: 250

It is not necessarily "taboo", just illogical. You are mixing two methods of payment, one reversible and the other one not. Especially when charging a 15% Markup.

No one in their right mind will pay almost $100 more for a bitcoin. This will only encourage scams.

allankey

newbie

Activity: 55

Merit: 0

I am particularly interested in point 3. Isn't using Paypal with bitcoins a taboo? Has anyone tried the site?

https://steemit.com/bitcoin/@jellytail/3-ways-to-grow-your-bitcoins-or-3-ways-to-lose-your-bitcoins

Quote

3. Sell your Bitcoins with a 15% mark-up on xCoins.io

xCoins.io is a site that was launched in June with positive reviews. The controversy with this site is that it uses Paypal as its payment processor. xCoins is a middle man that connects buyers and sellers with the former who seeks to buy bitcoins with Credit card or Paypal -- at a 15% markup price. The sellers will receive the proceeds in their Paypal account. Many readers are very likely to disapprove this site because it is using Paypal as the main mechanism for fund transfer since Paypal transactions are reversible by scammers.

Topic: 3 ways to grow more bitcoins and ways to lose it - page 3. (Read 2250 times)