any good bitcoin trader accepting PayPal? - page 2.

apsvinet

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Quote from: bryant.coleman on April 20, 2014, 10:17:29 AM

Quote from: Rampton on April 20, 2014, 09:23:53 AM

Same. Once they find someone accepts paypal it's quickly exploited until they use it no more.

I have never traded with him. But he has so far conducted 478 successful trades, including some high-volume ones. If he was frequently scammed, then he might have stopped with 20 or 25 trades. That didn't happened. So all I can say is that this guy must be really intelligent. He must be taking enough precautions to not get scammed.

Or maybe he's just a person who trusts others, and so far has been successful doing so. Not everyone is a scammer on the internet, but there are a lot of them.

bryant.coleman

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Quote from: Rampton on April 20, 2014, 09:23:53 AM

Same. Once they find someone accepts paypal it's quickly exploited until they use it no more.

I have never traded with him. But he has so far conducted 478 successful trades, including some high-volume ones. If he was frequently scammed, then he might have stopped with 20 or 25 trades. That didn't happened. So all I can say is that this guy must be really intelligent. He must be taking enough precautions to not get scammed.

apsvinet

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Quote from: Rampton on April 20, 2014, 09:23:53 AM

Quote from: Dogtanian on April 20, 2014, 09:19:20 AM

Quote from: bryant.coleman on April 20, 2014, 08:52:37 AM

Quote from: MUFC on April 20, 2014, 07:37:39 AM

How does he insure he doesnt get scammed?

No idea about that. But he sells Bitcoin in exchange for both Paypal and OKPay. Charges a premium of 17.5% if Paypal is used, and 0% if OKPay is used. That means he expects at least some of the buyers to scam him.

Must be something else to it. I imagine scammers will just take advantage of this all the time.

Same. Once they find someone accepts paypal it's quickly exploited until they use it no more.

Yup, that's why there's so many people advising you not to use it, bitcoin related trades or not.

Rampton

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Quote from: Dogtanian on April 20, 2014, 09:19:20 AM

Quote from: bryant.coleman on April 20, 2014, 08:52:37 AM

Quote from: MUFC on April 20, 2014, 07:37:39 AM

How does he insure he doesnt get scammed?

No idea about that. But he sells Bitcoin in exchange for both Paypal and OKPay. Charges a premium of 17.5% if Paypal is used, and 0% if OKPay is used. That means he expects at least some of the buyers to scam him.

Must be something else to it. I imagine scammers will just take advantage of this all the time.

Same. Once they find someone accepts paypal it's quickly exploited until they use it no more.

Dogtanian

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Quote from: bryant.coleman on April 20, 2014, 08:52:37 AM

Quote from: MUFC on April 20, 2014, 07:37:39 AM

How does he insure he doesnt get scammed?

No idea about that. But he sells Bitcoin in exchange for both Paypal and OKPay. Charges a premium of 17.5% if Paypal is used, and 0% if OKPay is used. That means he expects at least some of the buyers to scam him.

Must be something else to it. I imagine scammers will just take advantage of this all the time.

Holm

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It seems that he takes all the risks on its own account

bryant.coleman

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Quote from: MUFC on April 20, 2014, 07:37:39 AM

How does he insure he doesnt get scammed?

No idea about that. But he sells Bitcoin in exchange for both Paypal and OKPay. Charges a premium of 17.5% if Paypal is used, and 0% if OKPay is used. That means he expects at least some of the buyers to scam him.

MUFC

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Quote from: Gervais on April 20, 2014, 07:39:39 AM

Maybe he just takes the risk with the high premium like ebay sellers used to do.

He cant just takr the risk. People would scam all the time.

Gervais

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Maybe he just takes the risk with the high premium like ebay sellers used to do.

Rampton

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Quote from: MUFC on April 20, 2014, 07:37:39 AM

Quote from: bryant.coleman on April 20, 2014, 07:32:26 AM

Quote from: Rampton on April 20, 2014, 07:27:13 AM

He buys for Bitcoin? You can't say he's the only leigit seller though.

No. He does not buy Bitcoins. He only sells them.

How does he insure he doesnt get scammed?

That's what i'd like to know. Does localbitcoins have any safeguards?

MUFC

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Quote from: bryant.coleman on April 20, 2014, 07:32:26 AM

Quote from: Rampton on April 20, 2014, 07:27:13 AM

He buys for Bitcoin? You can't say he's the only leigit seller though.

No. He does not buy Bitcoins. He only sells them.

How does he insure he doesnt get scammed?

bryant.coleman

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Quote from: Rampton on April 20, 2014, 07:27:13 AM

He buys for Bitcoin? You can't say he's the only leigit seller though.

No. He does not buy Bitcoins. He only sells them.

Rampton

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Quote from: bryant.coleman on April 20, 2014, 07:23:14 AM

Quote from: Rampton on April 20, 2014, 07:08:18 AM

How can you say he is the only legit one?

He is the only trader with more than 475 positive feedback and no negative feedback. A few others are also there, such as CoinPro, but they have lesser number of positive feedback and their commissions are much higher.

He buys for Bitcoin? You can't say he's the only leigit seller though.

bryant.coleman

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Quote from: Rampton on April 20, 2014, 07:08:18 AM

How can you say he is the only legit one?

He is the only trader with more than 475 positive feedback and no negative feedback. A few others are also there, such as CoinPro, but they have lesser number of positive feedback and their commissions are much higher.

Rampton

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Activity: 525

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Quote from: SuchGravity on April 19, 2014, 11:42:53 PM

The only legit PayPal trader is IvanRussia on LocalBitcoins.

Used him twice, never had a problem.

How can you say he is the only legit one?

bryant.coleman

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Quote from: SuchGravity on April 19, 2014, 11:42:53 PM

The only legit PayPal trader is IvanRussia on LocalBitcoins.

Used him twice, never had a problem.

There are a few more of them. But all of them (including the seller IvanRussia) charge very high commissions. Can't blame them though, the trade using Paypal is extremely risky.

SuchGravity

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The only legit PayPal trader is IvanRussia on LocalBitcoins.

Used him twice, never had a problem.

apsvinet

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Quote from: forceware on April 19, 2014, 07:39:39 PM

Quote from: MUFC on April 19, 2014, 10:29:18 AM

Quote from: forceware on April 18, 2014, 09:21:34 AM

Quote from: Dogtanian on April 18, 2014, 06:35:43 AM

Quote from: forceware on April 17, 2014, 12:38:47 PM

I see many ppl on localbitcoins uses it.

It's safe as long as the person who sends it is trustworthy, but most who appear trustworthy end up scamming eventually. All you have to do is complain to PayPal that you didnt issue the payment and you get your money back. As easy as that.

What to say to paypal, someone hacked my account or what?

Are you going to try scam somebody or something?

No, I am trying to protect myself from scamming. Can he scam me if he send me a payment as a gift?

I think all the payments can be canceled, yes, no matter what context they're sent in.

forceware

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Quote from: MUFC on April 19, 2014, 10:29:18 AM

Quote from: forceware on April 18, 2014, 09:21:34 AM

Quote from: Dogtanian on April 18, 2014, 06:35:43 AM

Quote from: forceware on April 17, 2014, 12:38:47 PM

I see many ppl on localbitcoins uses it.

It's safe as long as the person who sends it is trustworthy, but most who appear trustworthy end up scamming eventually. All you have to do is complain to PayPal that you didnt issue the payment and you get your money back. As easy as that.

What to say to paypal, someone hacked my account or what?

Are you going to try scam somebody or something?

No, I am trying to protect myself from scamming. Can he scam me if he send me a payment as a gift?

apsvinet

full member

Activity: 224

Merit: 101

Quote from: MUFC on April 19, 2014, 10:29:18 AM

Quote from: forceware on April 18, 2014, 09:21:34 AM

Quote from: Dogtanian on April 18, 2014, 06:35:43 AM

Quote from: forceware on April 17, 2014, 12:38:47 PM

I see many ppl on localbitcoins uses it.

It's safe as long as the person who sends it is trustworthy, but most who appear trustworthy end up scamming eventually. All you have to do is complain to PayPal that you didnt issue the payment and you get your money back. As easy as that.

What to say to paypal, someone hacked my account or what?

Are you going to try scam somebody or something?

Or maybe he's just curious how one would do! Cheesy

Whatever the case is nobody should be stupid enough to get PayPal scammed, and if they are - their problem.

Topic: any good bitcoin trader accepting PayPal? - page 2. (Read 2719 times)