For my first purchase, I used ebay/paypal. Paid a premium for them because of the seller risk, but it was the quickest easiest way to get started.
Now, I'm waiting for my Dwolla/Mt. Gox verifications to go through.
Topic: I will PayPal you for Bitcoins (Read 1334 times)
PayPal has verified accounts: I can't be anonymous. So, I think the risk is on me since my identity will be known and I offered to send the funds first, but I totally see how someone could be suspicious.
Yes also unverified and hacked lol
+2
Paypal to Paypal, at least you'd have some recourse were that a fraudulent transaction.
I'm still not sure why OP couldn't just use any number of $ > BTC exchanges. Hell, I'm new here and there seem at least a dozen ways.
They just claim that the payment was done because their account was hacked or something like that and surprise, chargeback.
Go ahead if you don't trust me, when you will lose tons of money you will understand
Go ahead if you don't trust me, when you will lose tons of money you will understand
Okay, before I get flamed I did try a forum search on "paypal personal payments".
Paypal comes up all the time and the verdict is clear, the risk is on the Bitcoin sender side not the person using paypal because of the risk of the chargeback. But what about personal payments option of paypal. Since by definition no goods were transmitted wouldn't this help shield the person who sent the Bitcoins?
Paypal comes up all the time and the verdict is clear, the risk is on the Bitcoin sender side not the person using paypal because of the risk of the chargeback. But what about personal payments option of paypal. Since by definition no goods were transmitted wouldn't this help shield the person who sent the Bitcoins?
and I know this is risky on my part
You actually have that backwards... The risk is on the seller not the buyer when it comes to paypal and btc...
and I know this is risky on my part
You actually have that backwards... The risk is on the seller not the buyer when it comes to paypal and btc...
OP, start a thread in one of the trading/currency exchange sections.
I have found several people here who I buy BTC off of with Paypal and the transactions are very smooth...but you have to be willing to give up information about yourself to help establish trust with the person you're purchasing the BTC from. You can provide them with your full name and address, e-mail them from your Paypal address, provide/verify your cellphone number, provide a copy of your photo ID, etc etc and make sure you have a Verified/Confirmed Paypal account. Basically ask them their terms and what you can do to make them more comfortable with the transaction. You should also start off with small amounts such as 1 or 2 BTC until the person is comfortable with you buying larger amounts.
While you're doing this, signup for a Dwolla account and make a small deposit with your bank account so in 30 days you'll be able to use that account much like Paypal and purchase BTC through Mt. Gox, CampBX, and other places.
Anyways, good luck on finding someone to trade with!
I have found several people here who I buy BTC off of with Paypal and the transactions are very smooth...but you have to be willing to give up information about yourself to help establish trust with the person you're purchasing the BTC from. You can provide them with your full name and address, e-mail them from your Paypal address, provide/verify your cellphone number, provide a copy of your photo ID, etc etc and make sure you have a Verified/Confirmed Paypal account. Basically ask them their terms and what you can do to make them more comfortable with the transaction. You should also start off with small amounts such as 1 or 2 BTC until the person is comfortable with you buying larger amounts.
While you're doing this, signup for a Dwolla account and make a small deposit with your bank account so in 30 days you'll be able to use that account much like Paypal and purchase BTC through Mt. Gox, CampBX, and other places.
Anyways, good luck on finding someone to trade with!
PayPal has verified accounts: I can't be anonymous. So, I think the risk is on me since my identity will be known and I offered to send the funds first, but I totally see how someone could be suspicious.
Yes also unverified and hacked lol
PayPal has verified accounts: I can't be anonymous. So, I think the risk is on me since my identity will be known and I offered to send the funds first, but I totally see how someone could be suspicious.
No good when your 5000 miles away, over a matter of $40.
The risk is being carried by them rather than you - with PP you can dispute/rollback the transaction and might even get your cash back - they won't get their coin back.
It's one of the main reasons people don't really like using PP for BTC....
I know it's a frustrating situation to be in.
A better section of the forum would be the currency exchange - you might find a better fit for your needs and somebody who has shown to do PP -> BTC for previous clients.
Good luck
It's one of the main reasons people don't really like using PP for BTC....
I know it's a frustrating situation to be in.
A better section of the forum would be the currency exchange - you might find a better fit for your needs and somebody who has shown to do PP -> BTC for previous clients.
Good luck
OP understands this and has tried to twist an argument to the contrary in the hope he finds someone stupid. OP you probably will sadly!
heh - aye - but I try to give people the benefit of the doubt until they prove otherwise... Hope for the best - plan for the worst.
Besides, I'm stuck in newbie land for a but until I can post on a thread I'm watching - so may as well do my best to help. Somebody might find it helpful in the future.
It's really not a good idea to give anyone the benefit of the doubt on this forum this OP's particularly transparent. Use the search bar for paypal and have a look how these threads turn out it's a broken record. Also look at the entire lending section it's a joke!
The risk is being carried by them rather than you - with PP you can dispute/rollback the transaction and might even get your cash back - they won't get their coin back.
It's one of the main reasons people don't really like using PP for BTC....
I know it's a frustrating situation to be in.
A better section of the forum would be the currency exchange - you might find a better fit for your needs and somebody who has shown to do PP -> BTC for previous clients.
Good luck
It's one of the main reasons people don't really like using PP for BTC....
I know it's a frustrating situation to be in.
A better section of the forum would be the currency exchange - you might find a better fit for your needs and somebody who has shown to do PP -> BTC for previous clients.
Good luck
OP understands this and has tried to twist an argument to the contrary in the hope he finds someone stupid. OP you probably will sadly!
heh - aye - but I try to give people the benefit of the doubt until they prove otherwise... Hope for the best - plan for the worst.
Besides, I'm stuck in newbie land for a but until I can post on a thread I'm watching - so may as well do my best to help. Somebody might find it helpful in the future.
PayPal has verified accounts: I can't be anonymous. So, I think the risk is on me since my identity will be known and I offered to send the funds first, but I totally see how someone could be suspicious.
I tried localbitcoin and there is nobody near me to meet. So - and I know this is risky on my part.
Your not taking onboard any risk what-so-ever.
I know the feeling but checkout the exchange forum - there are a few decent threads there.
You can also try the bitcoin-otc irc channel - just follow the registration process and get yourself confirmed and do a little research on how gribble (the bot) works so you can find somebody who has a rep & a history.
I have the same issue here in Barcelona at the mo with buying btc - and my current approach is pretty convoluted & painful (rechargable CC -> LRUSD -> BTC).
Sometimes it takes an hour, sometimes 8 and today it was closer to 8 - frustrating since now that the Jalapeno's are up for sale I was in a rush.
You can also try the bitcoin-otc irc channel - just follow the registration process and get yourself confirmed and do a little research on how gribble (the bot) works so you can find somebody who has a rep & a history.
I have the same issue here in Barcelona at the mo with buying btc - and my current approach is pretty convoluted & painful (rechargable CC -> LRUSD -> BTC).
Sometimes it takes an hour, sometimes 8 and today it was closer to 8 - frustrating since now that the Jalapeno's are up for sale I was in a rush.
The risk is being carried by them rather than you - with PP you can dispute/rollback the transaction and might even get your cash back - they won't get their coin back.
It's one of the main reasons people don't really like using PP for BTC....
I know it's a frustrating situation to be in.
A better section of the forum would be the currency exchange - you might find a better fit for your needs and somebody who has shown to do PP -> BTC for previous clients.
Good luck
It's one of the main reasons people don't really like using PP for BTC....
I know it's a frustrating situation to be in.
A better section of the forum would be the currency exchange - you might find a better fit for your needs and somebody who has shown to do PP -> BTC for previous clients.
Good luck
OP understands this and has tried to twist an argument to the contrary in the hope he finds someone stupid. OP you probably will sadly!
I suppose I could do a chargeback, but PayPal knows who I am, and so would you after the initial transaction. I see your point though.
Yeah, I would like to buy BC but the whole process of going through multiple layers: bank BTCe, Mtgox, and then the exchange rages, withdrawal hoops...ugh
Yeah, I would like to buy BC but the whole process of going through multiple layers: bank BTCe, Mtgox, and then the exchange rages, withdrawal hoops...ugh
The risk is being carried by them rather than you - with PP you can dispute/rollback the transaction and might even get your cash back - they won't get their coin back.
It's one of the main reasons people don't really like using PP for BTC....
I know it's a frustrating situation to be in.
A better section of the forum would be the currency exchange - you might find a better fit for your needs and somebody who has shown to do PP -> BTC for previous clients.
Good luck
It's one of the main reasons people don't really like using PP for BTC....
I know it's a frustrating situation to be in.
A better section of the forum would be the currency exchange - you might find a better fit for your needs and somebody who has shown to do PP -> BTC for previous clients.
Good luck
What's to stop you issuing a chargeback, thus getting the Bitcoins and your money back. Bitcoin transactions aren't reverseable.
The person sending the Bitcoins would be taking all the risk, while you would have none. So stipulating they have 1000+ posts makes no sense.
The person sending the Bitcoins would be taking all the risk, while you would have none. So stipulating they have 1000+ posts makes no sense.
True...but PayPal doesn't know that this is about Bitcoins. All they know is that I sent someone $40.
PayPal & Bitcoins don't play nice together.
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