Topic: Is buying btc on ebay legit? (Read 1434 times)
Some are still legit but most are scam.
It is a bit safer for the buyer, although the huge premium you will pay isn't worth it.
Selling Bitcoins on eBay is a very bad idea though, as there are many scammers using stolen credit cards and hacked PP accounts. Also, just because the buyer has a high amount of feedback doesn't make it legit. Ebay accounts can easily be bought on many forums and then used for various scammy purposes.
Selling Bitcoins on eBay is a very bad idea though, as there are many scammers using stolen credit cards and hacked PP accounts. Also, just because the buyer has a high amount of feedback doesn't make it legit. Ebay accounts can easily be bought on many forums and then used for various scammy purposes.
It is legit. But you know that, paypal is risky processors. Scammers will buy bitcoin and will return their paypal money using dispute. So be careful.
You might get away with it if you happen to find an honest seller, but it's generally a very bad idea. The potential for being scammed is extremely high.
No one is more qualified than you are to decide how you live; no one should be able to vote on what you do with your time and your potential unless you invite them to.
Never buy BTC on ebay
Buy locally or with other users rather than ebay. Ebay is reallly sketchy when it comes to these "Currency" Transactions
I used localbitcoins.com
which was a link i got from the Newbie FAQ on this forum :0)
it was very painless.
I setup an account.
Picked someone with a good rep and the same bank as me
tranferrred them money, waited about an hour.
got bitcoins in my localbitcoins wallet
then i sent them from there to my computer wallet.
one thing i have noticed which doesn't jump out at you is transferring bitcoins is not instant.
mine took about 3 hours to confirm.
You can pay a fee (it's under settings, main, Pay transaction Fee) and then it goes much faster but if i wanted to pay banking fees i'd just use a bank.
who gets those transaction fees anyway?
which was a link i got from the Newbie FAQ on this forum :0)
it was very painless.
I setup an account.
Picked someone with a good rep and the same bank as me
tranferrred them money, waited about an hour.
got bitcoins in my localbitcoins wallet
then i sent them from there to my computer wallet.
one thing i have noticed which doesn't jump out at you is transferring bitcoins is not instant.
mine took about 3 hours to confirm.
You can pay a fee (it's under settings, main, Pay transaction Fee) and then it goes much faster but if i wanted to pay banking fees i'd just use a bank.
who gets those transaction fees anyway?
+1 Buying local is always the best if feasible.
Buying is legit. Selling is a NIGHTMARE.
+1 Selling is risky, but buying small amounts from reputable sellers is fairly simple.
I bought 0.1 BTC on ebay and it was a fairly smooth transaction. Not sure that I'd do it again - I was just wanted something to get me started. I'd agree with other posts and use a proper exchange next time.
Not much point. There are sites (bitbargain for example) which store money in escrow and ensure the btc is sent before taking money from you. It's very safe and you loose about £2 -£3 in the process which is comparable to what you might have to pay to get them on ebay if not less. Payments are done using Barclays pingit, bank draft or natwest pay your contact (similar to pingit).
No, I believe ebay does not allow currency exchange.. Will check into though.
Well if you sell paper wallets and ship them to your customer then maybe.
No, I believe ebay does not allow currency exchange.. Will check into though.
Buying from ebay can be risky if the staff catch you.
What are they going to do, return your money?
Seller, yes. Buyer, I've not heard of that happening.
Know anyone who had their account suspended for buying?
Suppose to suspend seller , buyer don realy have to know much .
Buying from ebay can be risky if the staff catch you.
What are they going to do, return your money?
Seller, yes. Buyer, I've not heard of that happening.
Know anyone who had their account suspended for buying?
No. Be careful out there. Try buying from an actual exchange.
I don't recommend it personally, the price premium and time it takes doesn't seem like it is worth it.
I would say no there are a couple instances that I can remember of ebay canceling listing selling bitcoin related anything as well as freezing others' paypal accounts
yeah, its apparent that you don't want to sell just a bitcoin..by sending it to a bitcoin address. you need to have it on paper form like a currency voucher to prove you shipped something...BUT that's not even working now. so it wouldn't matter what the item is. And be careful, there are people hijacking other peoples paypal account and paying that way.
ebay is very anti-bitcoin. there is a thread on reddit somewhere where someone was selling mining equipment, not bitcoins, but computer hardware, and the auction got shut down.
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