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Topic: Are you using PayPal to buy a bitcoin? - page 2. (Read 741 times)

hero member
Activity: 938
Merit: 559
Did you see that ludicrous display last night?
July 22, 2017, 03:26:46 PM
#9
1.  Selling Bitcoin for PayPal is against PayPal's policy.  If you get caught, you're screwed and PayPal will freeze your account.

2.  PayPal is a reversible system for money transfer.  If you attempt to buy Bitcoin with PayPal, people will assume that you are a scammer and give you negative trust.  Even if you are not a scammer it's shady activity, because it's very easy to issue chargebacks with PayPal and scam people for months after your transaction.

Reversible and non-reversible systems do not mix.  Trade on an exchange or using cash.
legendary
Activity: 994
Merit: 1000
July 22, 2017, 03:24:10 PM
#8
Anyone here experienced to buy bitcoin using their PayPal.? How much the fees?
You can't buy bitcoin directly with paypal because it is against their TOS. Paypal is reversible method so you might have to pay a lot more than market price when buying from local guy or person over localbitcoins and paxful. You might end up paying over 20% in fees ...
full member
Activity: 420
Merit: 100
July 22, 2017, 02:44:36 PM
#7
I do not use PayPal at all. But I heard that your account can be blocked for minor violations. Therefore, I would not use PayPal
hero member
Activity: 826
Merit: 529
July 22, 2017, 01:51:21 PM
#6
I haven't yet...
but I am not interested in using PayPal to buy Bitcoin because PayPal is more complex rather than Bitcoin has those facilities. so PayPal is not required to use regarding this issue. I also suggest not to use PayPal because it requires a high amount of fees. so avoid it.
hero member
Activity: 896
Merit: 514
July 22, 2017, 01:17:47 PM
#5
It's actually easy to do. You don't have to tell paypal you bought bitcoins using their service. The only problem is that people using paypal to buy bitcoins have a chance to charge back and the person selling bitcoins has no recourse when that happens. So if you are the one paying using paypal then you first need to be trusted before you can do so as no one will deal with you.
newbie
Activity: 56
Merit: 0
July 22, 2017, 01:11:24 PM
#4
find some good exchanging organization or exchanger who can change your paypal into btc
full member
Activity: 154
Merit: 100
July 22, 2017, 12:10:11 PM
#3
Anyone here experienced to buy bitcoin using their PayPal.? How much the fees?
Paypal can lock your account for doing that. I think it is in their TOS. They will ask you what you bought or what sell. If evidence is weak, your account will likely unretrievable.
member
Activity: 98
Merit: 10
July 22, 2017, 12:07:49 PM
#2
not really because is very hard somehow
full member
Activity: 479
Merit: 104
July 22, 2017, 10:29:42 AM
#1
Anyone here experienced to buy bitcoin using their PayPal.? How much the fees?
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