Author

Topic: Does anyone know of a way to convert PayPal USD to BTC? (Read 1351 times)

member
Activity: 75
Merit: 10
FYI,

VirWoX registrations are now open again.

Andrew
newbie
Activity: 56
Merit: 0
I think you can at bitcoinexchange.cc
newbie
Activity: 15
Merit: 0
There are groups that turn paypal in to Liberty Reserve, which can then be turned into Mt. Gox, for purchasing BTC.

Or just look around for someone selling BTC, someone's sure to accept paypal.
newbie
Activity: 28
Merit: 0
You can buy Linden (Second Life currency) with Paypal, and then convert Linden to BTC-
Heard it is quite quick too but there are some limits to the amounts-

https://www.virwox.com/

Would love to hear the results if you go that route;


Wow, I thought paypal didn't allow USD->BTC transactions because it was alternative currency... but linden is fine?

Well Linden is actually approved by the government, or something along those lines.
newbie
Activity: 19
Merit: 0
You can buy Linden (Second Life currency) with Paypal, and then convert Linden to BTC-
Heard it is quite quick too but there are some limits to the amounts-

https://www.virwox.com/

Would love to hear the results if you go that route;


Wow, I thought paypal didn't allow USD->BTC transactions because it was alternative currency... but linden is fine?
newbie
Activity: 28
Merit: 0
There really does need to be a more direct route for acquiring BTC. I don't see this breaking into the mainstream if it requires bank transfers, signing up to several services, 2-3 days waits, etc. It's just entirely inconvenient.

I totally agree.

Although, I did use $60 to get 2 BTC via the method outlined above using virwox.com. Currently they are doing manual checking to verify the transaction. I overpaid a lot for these, so it's gonna be a lot harder to make money off this investment, but it works.
full member
Activity: 182
Merit: 106
There really does need to be a more direct route for acquiring BTC. I don't see this breaking into the mainstream if it requires bank transfers, signing up to several services, 2-3 days waits, etc. It's just entirely inconvenient.
newbie
Activity: 28
Merit: 0
You can buy Linden (Second Life currency) with Paypal, and then convert Linden to BTC-
Heard it is quite quick too but there are some limits to the amounts-

https://www.virwox.com/

Would love to hear the results if you go that route;

Hmmm this looks good, also supports bitcoin payments, thanks for the tip.

BitMarket.eu has PayPal as a payment option. This site escrows the BTCs and the users transfer the funds via bank transfer (mainly EU residents) or PayPal (worldwide). It's peer to peer so you buy directly from approved users, not from the site itself. I myself have been buying there both with bank transfer and PayPal without problems. However they had a _lot_ of people sign up last week so they actually disabled new signups temporarily for technical purposes. Don't know if it's opened up again now or not. GL

I'll take a look at this too when the signups are reopened.

Thanks for all the help guys.
legendary
Activity: 1008
Merit: 1001
Let the chips fall where they may.
newbie
Activity: 20
Merit: 0
BitMarket.eu has PayPal as a payment option. This site escrows the BTCs and the users transfer the funds via bank transfer (mainly EU residents) or PayPal (worldwide). It's peer to peer so you buy directly from approved users, not from the site itself. I myself have been buying there both with bank transfer and PayPal without problems. However they had a _lot_ of people sign up last week so they actually disabled new signups temporarily for technical purposes. Don't know if it's opened up again now or not. GL
legendary
Activity: 1708
Merit: 1010
Any method of moving funds from Paypal to BTC is dangerous for the person selling BTC.  No honest seller is going to do it without a significant risk premium.  It's possible that you could find bitcoin users in your city, particularly if you live on the East coast of the United States, and trade cash in person.  Or you might be able to find someone on the OTC network via IRC, but that's still risky.
member
Activity: 70
Merit: 10
You can buy Linden (Second Life currency) with Paypal, and then convert Linden to BTC-
Heard it is quite quick too but there are some limits to the amounts-

https://www.virwox.com/

Would love to hear the results if you go that route;
I have been using VirWox.  it works, but their market depth isnt so good.
But yes, they are legit, and safe to work with as far as I can tell.

wahtever you DO NOT USE xchange4L$
hero member
Activity: 609
Merit: 501
peace
You can buy Linden (Second Life currency) with Paypal, and then convert Linden to BTC-
Heard it is quite quick too but there are some limits to the amounts-

https://www.virwox.com/

Would love to hear the results if you go that route;
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
I would look for somone trustworthy. There's a thread in discussions that lists traders who have completed transactions without incident. For an indirect method some people convert to dowalla(?). That is sme kind of facebook money. If you have fb.

In any case paypal is becoming harder to trust recently.  Depending on where you live, this may be your safest option.:
http://btcnearme.com/

newbie
Activity: 28
Merit: 0
Hey guys,

I understand this is difficult because of the presence of chargebacks, so I'm willing to do some workarounds if necessary. Does anyone know of a way I could pay for BTC with PayPal USD directly, or indirectly (by converting into some other digital "currency", or whatnot)?

Thanks
Jump to: