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Topic: I want to buy bitcoins using paypal balance - page 2. (Read 5790 times)

full member
Activity: 155
Merit: 100
Hi,

https://cryptonit.net offers paypal deposit possibility for verified users. Our fees are significantly lower in comparison to Virwox and other similar services.

Would be glad to answer your questions, in case you have any.

Regards
Edward
newbie
Activity: 42
Merit: 0
I know what it sounds like. The paypal account is expendable though verified. Yea it shall go to reliable escrow first. I don't mind.

Price fluctuations could be an issue. So basically we agree to buy say 1 btc. Then we use the price at 24:00 on some website?

Can that be accomplished?

Basically I know people with so much paypal balance and I know people that have so many bitcoins.

If I want to accomplish that, what would be the escrow?

How much I should buy first without escrow?



You can buy bitcoin by Paypal at alfacahsier,com .
hero member
Activity: 840
Merit: 1000

Btc-e does not accept paypal, I don't know where you got that from. Unless your talking about the chat, but I don't trust anyone from any chat to do any trading or dealing with. 5% fee is still quite a bit. Thats a couple dollars off a btc.

Maybe btc-e.com disabled paypal deposit, I remember the deposit option can be paypal but with 5% fees in 2013 when i traded in btc-e. OKpay is the most popular there only has 2% fees.

I don't trade coins in btc-e for 1 year, maybe that's the reason I still thought it enables paypal deposit. And we can still withdraw to paypal there.
hero member
Activity: 960
Merit: 514
What about if they sent as a gift. I have never really bought bitcoin with paypal so I don't know what different ways you can send it. I have heard of gift sending, if you force them to send as a gift, is all chargeback possibility removed? Couldn't they still say it was unauthorized transation because even if they used gift it could still be someone unauthorized logging onto their account.

I would second that.

If there is a way to send money in paypal in ways that is not returnable then its' great.

Or, instead of buying bitcoin, I am thinking of buying bitcoin mining shares? Hmmmm... From butterfly labs?

Or anything I can buy with paypal that will become bitcoins eventually? I just need to move paypal balance quickly
sr. member
Activity: 420
Merit: 250
Ever wanted to run your own casino? PM me for info
What about if they sent as a gift. I have never really bought bitcoin with paypal so I don't know what different ways you can send it. I have heard of gift sending, if you force them to send as a gift, is all chargeback possibility removed? Couldn't they still say it was unauthorized transation because even if they used gift it could still be someone unauthorized logging onto their account.
hero member
Activity: 544
Merit: 507
Check out my sig. You can use both Paypal and CC to buy BTC. Good luck.
the front page shows that you cant withdraw to your paypal account but it doesnt says you can fund it from paypal
legendary
Activity: 1414
Merit: 1077
I've purchased some small amounts of bitcoin using Paypal on here recently and everything has gone well. I think as long as the buyer has an established forum account with good trust and an established verified Paypal account and the amount is relatively small I can't see a problem. Obviously newbie accounts asking for large amounts is completely different.

On a side note I noticed someone selling bitcoin on ebay earlier and they said they accepted Paypal if its sent as gift or to friends & family so that might make a difference to whether its reversible but I'm not sure.
sr. member
Activity: 406
Merit: 250
Check out my sig. You can use both Paypal and CC to buy BTC. Good luck.
full member
Activity: 126
Merit: 100
I think that there are many place that buying from Paypal. Why dont you sell from your Paypal balance to buy BTC at any exchange

define "any exchange"
please name them... ty

I don't know of one besides virwox and the fees are outrageous. Plus, there are many limitations on amounts on top of that.
hero member
Activity: 544
Merit: 507
I think that there are many place that buying from Paypal. Why dont you sell from your Paypal balance to buy BTC at any exchange

define "any exchange"
please name them... ty
newbie
Activity: 42
Merit: 0
I think that there are many place that buying from Paypal. Why dont you sell from your Paypal balance to buy BTC at any exchange
sr. member
Activity: 420
Merit: 250
Ever wanted to run your own casino? PM me for info
Paypal should start selling bitcoins securely themselves Smiley It would be a real convenience for a lot of people and I'm sure they could profit quite a bit.
They should but theres still too much volatility for them to be able to use it properly and not have too much profit swings baed on the price. As soon as paypal knows they are not going to beat it they can embrace it and add even more profit. Maybe paypal actually might add an escrow or actual support for btc-> paypal transactions to reduce scams.
newbie
Activity: 29
Merit: 0
only if you will wait 6 months to recieve bitcoins.Otherwise no one in their right mind will risk it  Not even for a senior/"trusted" member.
newbie
Activity: 42
Merit: 0
Any exchanges support PerfectMoney?? i didn't know that

Pls help me !

Thanks !
newbie
Activity: 25
Merit: 0
Paypal should start selling bitcoins securely themselves Smiley It would be a real convenience for a lot of people and I'm sure they could profit quite a bit.
sr. member
Activity: 420
Merit: 250
Ever wanted to run your own casino? PM me for info
You can use your paypla balance buy bitcoin in btc-e.com, in paypal there are too many scammers, and the price is ridiculous expensive there.

They like to scam newbies or who are not familiar with bitcoin.

Btc-e.com is one of the most famous bitcoin fiat exchange, so you can buy there, it's very reliable. The fee is less than 5% I think, you can try there. Wink
Btc-e does not accept paypal, I don't know where you got that from. Unless your talking about the chat, but I don't trust anyone from any chat to do any trading or dealing with. 5% fee is still quite a bit. Thats a couple dollars off a btc.
hero member
Activity: 840
Merit: 1000
You can use your paypla balance buy bitcoin in btc-e.com, in paypal there are too many scammers, and the price is ridiculous expensive there.

They like to scam newbies or who are not familiar with bitcoin.

Btc-e.com is one of the most famous bitcoin fiat exchange, so you can buy there, it's very reliable. The fee is less than 5% I think, you can try there. Wink
sr. member
Activity: 420
Merit: 250
Ever wanted to run your own casino? PM me for info
Local bitcoins.com and filter by PayPal. You as the buyer will have to send as gift so you can't chargeback.
Still, even with the reduced risk the rates are quite high on paypal, Easily a couple 10$ higher than the actual price of btc. I reccomend just using interac e-transfer, paypal is not worth it IMO

That is true. Cost wise its cheaper and less of a headache than virwox if paypal is the only option. I agree with you though. Paypal is pretty crappy to buy BTC with.
Its completely awful. Much higher rate of scam, much higher fees and price you pay, and its alot slower. I find no reason at all in using it. Also paypal can freeze your account at any time if they find you dealing with cryptocurrency (so many stories about this)
full member
Activity: 126
Merit: 100
Local bitcoins.com and filter by PayPal. You as the buyer will have to send as gift so you can't chargeback.
Still, even with the reduced risk the rates are quite high on paypal, Easily a couple 10$ higher than the actual price of btc. I reccomend just using interac e-transfer, paypal is not worth it IMO

That is true. Cost wise its cheaper and less of a headache than virwox if paypal is the only option. I agree with you though. Paypal is pretty crappy to buy BTC with.
sr. member
Activity: 420
Merit: 250
Ever wanted to run your own casino? PM me for info
Local bitcoins.com and filter by PayPal. You as the buyer will have to send as gift so you can't chargeback.
Still, even with the reduced risk the rates are quite high on paypal, Easily a couple 10$ higher than the actual price of btc. I reccomend just using interac e-transfer, paypal is not worth it IMO
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