Bitcoin to USD | Bitcointalksearch.org

silversurfer

member

Activity: 103

Merit: 10

Quote from: FreeJAC on June 10, 2011, 01:20:06 PM

So L$ => Paypal is ok but not Bitcoin?

Yes, because here you are receiving PayPal from a large gaming company (Second Life) or the largest third party exchange in Second Life (VirWoX). Probably a lot less risk than dealing with individual PayPal buyers (who might reverse their payment).

These Linden dollar exchanges do a lot of business.

FreeJAC

member

Activity: 112

Merit: 10

So L$ => Paypal is ok but not Bitcoin?

silversurfer

member

Activity: 103

Merit: 10

For small amounts, try the VirWoX exchange to Linden dollars*. Then exchange Linden dollars for USD or EUR. PayPal withdraw fee appears to be 1 USD on VirWoX. Or cash out Linden dollars on the official Second Life exchange, Lindex. Also a 1 USD flat fee for PayPal.

*The Linden dollar (SLL) is pretty stable and can now be sold at a rate of 260 SLL to 1 USD including fees with a limit order on the Lindex. So maybe use 260 as a yardstick for SLL values...

Sultan

full member

Activity: 214

Merit: 100

Using Liberty Reserve to fund an mtgox account is best.

I would suggest steering as far away from paypal as possible. There was a previous merchant who bough and sold BitCoins using PayPal, however his accounts was frozen as PayPal do not allow currency exchange (implicitly meaning that they acknowledge BitCoins legitimacy as a currency).

Or you can buy them over-the-counter with somebody else who will meet up with you in person to exchange them with cash or give you a bank account to deposit the money into.

soul4soul

newbie

Activity: 14

Merit: 0

paypal is the easiest ( and least safe.)

uptheante

newbie

Activity: 11

Merit: 0

Hi all, may I know what is the most cost effective way to transfer Bitcoin to USD (without using a US bank account)?

Topic: Bitcoin to USD (Read 4054 times)