BTC to Fiat to PayPal? | Bitcointalksearch.org

KennyR

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Quote from: bL4nkcode on March 07, 2018, 07:58:12 PM

Quote from: Ganglo Saxon on March 07, 2018, 01:20:42 PM

What I would like to do is send fiat to PayPal from an exchange. Say I sell my BTC and turn it into fiat. Then send that to PayPal. I know CoinBase offers this, but it's limited with the amount I can send at one time.

I dunno if there's an exchange that accepts fiat and converts them to Paypal.

Quote from: Ganglo Saxon on March 07, 2018, 01:20:42 PM

Say I sell my BTC and turn it into fiat. Then send that to PayPal. I know CoinBase offers this, but it's limited with the amount I can send at one time.

So your best bet is, sell your btc to fiat using an exchange -> send your fiat to your bank account -> link your card (debit/credit) of your bank account to your paypal account then transfer your money of what amount you'd like. But the cons here is the service fee in every transaction.

This seems to be a way of exchanging bitcoin to PayPal through a series of process. This can be done directly through localbitcoins.com, because there are traders who have been accepting providing funds in PayPal for what we have in the form of bitcoin.

onebtcforlife

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Quote from: chris200x9 on March 08, 2018, 02:30:05 AM

Quote from: timerland on March 08, 2018, 01:56:10 AM

I don't think that Gemini actually does anything with paypal. There is only options for wire withdrawals.

Yes, just now I verified my Gemini account and didn't find any Paypal in my account. They only allow bank transfer.

Not many options currently to convert BTC or any other crypto directly to Paypal funds so it is better to first send money to your bank account and then upload funds to your PayPal account.

Even i am very confused about this conversion because till now, we don't have any option like directly adding fund from Bitcoin-->Paypal? I think previously we have an option with Paypal but later they are not doing so, can anyone give me the direct link for converting Bitcoin to Paypal?

teddy5145

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Quote from: warningsigns on March 07, 2018, 08:31:42 PM

Sell bitcoins to PayPal? I didn’t know PayPal buys crypto. Can you show me the link to that feature? Why sell coins to scammers here (and worry about chargebacks) if PayPal buys crypto directly?

Are you sure PayPal buys bitcoins? I just checked my PayPal account and there are only two options: either upload funds from my bank account or use my linked credit card to send money or pay for something.

I meant for him to go to currency exchange and sell Bitcoins to Paypal via trusted member.
Excuse me for my wording if it confuses you, I'll edit it to be more clearer

chris200x9

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Quote from: timerland on March 08, 2018, 01:56:10 AM

I don't think that Gemini actually does anything with paypal. There is only options for wire withdrawals.

Yes, just now I verified my Gemini account and didn't find any Paypal in my account. They only allow bank transfer.

Not many options currently to convert BTC or any other crypto directly to Paypal funds so it is better to first send money to your bank account and then upload funds to your PayPal account.

timerland

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Quote from: Ganglo Saxon on March 07, 2018, 11:53:44 AM

What's everyone's favorite way to send fiat to PayPal? I have BitPay and it seems that's not an option. Gemini seems to be the one a lot of people like?

I don't think that Gemini actually does anything with paypal. There is only options for wire withdrawals.

You can either use coinbase, for small amounts, or get funds transferred to your bank before depositing to paypal. Otherwise you'll have to trade bitcoins for paypal with another person, which means that you're taking on a huge risk in terms of chargebacks.

Do you only have a paypal account, though? What's stopping you from just withdrawing to your bank account and then linking your bank account with your paypal? That's pretty much the only way you'll get good rates with high withdrawal limits and get your funds to paypal in the end.

warningsigns

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Quote from: teddy5145 on March 07, 2018, 01:27:45 PM

Quote from: Ganglo Saxon on March 07, 2018, 01:20:42 PM

I have seen that. I agree too many potential for scam. What I would like to do is send fiat to PayPal from an exchange. Say I sell my BTC and turn it into fiat. Then send that to PayPal. I know CoinBase offers this, but it's limited with the amount I can send at one time.

Why don't you sell your BTC directly to Paypal?
The total fee to turn BTC>Fiat>Paypal will be a little higher than converting BTCs directly to Paypal.

Have you tried Gdax?
It's an exchange from Coinbase, it has higher limit, you should be able to turn BTCs to Fiat that way.

Sell bitcoins to PayPal? I didn’t know PayPal buys crypto. Can you show me the link to that feature? Why sell coins to scammers here (and worry about chargebacks) if PayPal buys crypto directly?

Are you sure PayPal buys bitcoins? I just checked my PayPal account and there are only two options: either upload funds from my bank account or use my linked credit card to send money or pay for something.

bL4nkcode

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Quote from: Ganglo Saxon on March 07, 2018, 01:20:42 PM

What I would like to do is send fiat to PayPal from an exchange. Say I sell my BTC and turn it into fiat. Then send that to PayPal. I know CoinBase offers this, but it's limited with the amount I can send at one time.

I dunno if there's an exchange that accepts fiat and converts them to Paypal.

Quote from: Ganglo Saxon on March 07, 2018, 01:20:42 PM

Say I sell my BTC and turn it into fiat. Then send that to PayPal. I know CoinBase offers this, but it's limited with the amount I can send at one time.

So your best bet is, sell your btc to fiat using an exchange -> send your fiat to your bank account -> link your card (debit/credit) of your bank account to your paypal account then transfer your money of what amount you'd like. But the cons here is the service fee in every transaction.

shield132

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Very simple....
For example my bank offers btc/usd exchange. When I exchange, I have that money on my banks account. You can also link your bank account (I won't do that ever because have heared that some people got problems by doing it and etc) or add funds on paypal by using paypal cash.

Pricelessent

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Quote from: Ganglo Saxon on March 07, 2018, 01:20:42 PM

Quote from: bitbunnny on March 07, 2018, 12:59:29 PM

I'm not sure I understood this in right way. Are you asking about the exchanging Bitcoin to fiat money through PayPal? If that is the case it's possible and also a rather popular way but I wouldn't recommend it because this is the way that could be very tricky and risky because of many scam possibilities.

I have seen that. I agree too many potential for scam. What I would like to do is send fiat to PayPal from an exchange. Say I sell my BTC and turn it into fiat. Then send that to PayPal. I know CoinBase offers this, but it's limited with the amount I can send at one time.

I do it the same way

teddy5145

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Quote from: Ganglo Saxon on March 07, 2018, 01:20:42 PM

I have seen that. I agree too many potential for scam. What I would like to do is send fiat to PayPal from an exchange. Say I sell my BTC and turn it into fiat. Then send that to PayPal. I know CoinBase offers this, but it's limited with the amount I can send at one time.

Why don't you sell your BTC directly to Paypal by trading it to trusted member on Currency Exchange??
The total fee to turn BTC>Fiat>Paypal will be a little higher than converting BTCs directly to Paypal.

Have you tried Gdax?
It's an exchange from Coinbase, it has higher limit, you should be able to turn BTCs to Fiat that way.

Ganglo Saxon

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Quote from: bitbunnny on March 07, 2018, 12:59:29 PM

I'm not sure I understood this in right way. Are you asking about the exchanging Bitcoin to fiat money through PayPal? If that is the case it's possible and also a rather popular way but I wouldn't recommend it because this is the way that could be very tricky and risky because of many scam possibilities.

I have seen that. I agree too many potential for scam. What I would like to do is send fiat to PayPal from an exchange. Say I sell my BTC and turn it into fiat. Then send that to PayPal. I know CoinBase offers this, but it's limited with the amount I can send at one time.

bitbunnny

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I'm not sure I understood this in right way. Are you asking about the exchanging Bitcoin to fiat money through PayPal? If that is the case it's possible and also a rather popular way but I wouldn't recommend it because this is the way that could be very tricky and risky because of many scam possibilities.

Ganglo Saxon

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What's everyone's favorite way to send fiat to PayPal? I have BitPay and it seems that's not an option. Gemini seems to be the one a lot of people like?

Topic: BTC to Fiat to PayPal? (Read 182 times)