Most businesses that are willing to accept PayPal in exchange for bitcoin are either going to charge you rates well above what is commercially competitive, or will be trying to scam you.
Your best bet is to convert any money you have in your PayPal account to money in your bank account and either buy bitcoin for cash, or use your bank balance to fund a deposit at an exchange.
Topic: Is buying bitcoin using ewallets like Paypal safe? - page 2. (Read 311 times)
When buying, you are safe as long as you use a reputable escrow or the seller sends you the bitcoins first.
The risk when selling bitcoin against PayPal is that the buyer can raise a chargeback and get his money back even after the transaction had been cleared, whereas, you can't reverse the bitcoin transaction.
The risk when selling bitcoin against PayPal is that the buyer can raise a chargeback and get his money back even after the transaction had been cleared, whereas, you can't reverse the bitcoin transaction.
I'm looking to invest in BTC in small transactions. I've been reading on the risks of using Paypal to Sell BTC (payment reversals etc).
I wanted to know if at least buying BTC using traditional e-wallets like Paypal is safe, or can third party type scam be pulled even there?
Thanks..
I wanted to know if at least buying BTC using traditional e-wallets like Paypal is safe, or can third party type scam be pulled even there?
Thanks..
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