Reading through is examples of scamming etc. This is unfortunately intrinsic to the online world. I guess we can't ever really verify what's going on.
On that note, though, I would like to buy some BTC using PayPal and would be happy to go through an Escrow with someone [ with a good rating/rep on here ] to participate as the Escrow. I think using PayPal Gift makes it impossible for a chargeback to occur?
If someone can help with this I would be interested in trading. I am new to BTC and have, currently, about 0,005BTC so not enough to be worthwhile of anything.
Topic: Offering PayPal for Bitcoin? You're likely to be labeled a scammer - Read why - page 9. (Read 28868 times)
April 12, 2013, 06:40:50 AM
April 12, 2013, 02:31:41 AM
Well, one hurdle for newbies like me who are just getting into the cryptocurrency game; the quickest way to send money (otc on irc) and get BTC is to use paypal.
The exchanges usually takes at least 1-2 business days to get your cash in the accounts.
The exchanges usually takes at least 1-2 business days to get your cash in the accounts.
April 12, 2013, 01:06:32 AM
Love it or hate it, PayPal is pretty damn convenient and this means it's not going anywhere for now.
Conversely, getting BTC is pretty inconvenient in comparison, and until this changes PP will continue to dominate the online payment industry.
Conversely, getting BTC is pretty inconvenient in comparison, and until this changes PP will continue to dominate the online payment industry.
April 12, 2013, 12:07:32 AM
paypal has been on it's way out for a long time. In my opinion as soon as they started to put freezes of up to 21 days on payments on behalf of sites like ebay to protect buyers they became useless.
fine paypal is bad. then could you please advise while electronic payment is good ?
there is an expectant community waiting to buy bitcoins
the exchanges are broken
there is money to be made IF the payment hurdle is crossed
NOT all buyers are scammers
I am NOT a scammer
April 11, 2013, 11:51:34 PM
always tricky, but same here, no paypal - bitcoins for me
April 11, 2013, 10:03:41 PM
paypal has been on it's way out for a long time. In my opinion as soon as they started to put freezes of up to 21 days on payments on behalf of sites like ebay to protect buyers they became useless.
April 11, 2013, 08:39:52 PM
just don't trade with unregistered guys (+always send your money to other PP acc) and newbie bitcoin traders like me 
April 11, 2013, 07:28:52 PM
Yeah, I wouldn't touch paypal with a 10 foot pole either buying or selling bit coins.
April 11, 2013, 05:11:53 PM
Isn't the risk of buying bitcoins with paypal the same risk as buying anything else with paypal? What is considered to be the safest way to do this other than going to someone in person and making sure you get the cash in hand?
There is no way of truly confirming delivery of bitcoins.
from what I've read, you do get a confirmation when you receive bit coins. In addition, you can get apps that let you know when your wallet receives bitcoins too. Please correct me if I am wrong, or if you meant something different.
April 11, 2013, 04:51:54 PM
i hate chargebacks..and no way to get your coin back, so i agree...be careful with paypal
April 11, 2013, 04:49:13 PM
how do I get one of those ratings in my sig?
April 11, 2013, 03:04:20 PM
Never using Paypal/Ebay again to sell. It's not just me-- this does happen on a frequent basis.
ok. is there any other online payment site that could be trusted ?
because the international audience is waiting and mt gox (80% exchange) is failing :-(
April 11, 2013, 03:00:03 PM
Just got through a terrible claim process with Paypal.
1. Person buys your Bitcoin.
2. You deliver bitcoin.
3. OMG OMG MY ACCOUNT WAS HACKED!! (Scammer tries to get ebay/papal to take back your money)
Thankfully, I did win my case, and get the money. But it took a lot of effort and stress, and my funds were suspended for a week and a half. Luckily they acknowledged they received it- without this smoking gun I'm not so sure what would have happened.
Never using Paypal/Ebay again to sell. It's not just me-- this does happen on a frequent basis.
1. Person buys your Bitcoin.
2. You deliver bitcoin.
3. OMG OMG MY ACCOUNT WAS HACKED!! (Scammer tries to get ebay/papal to take back your money)
Thankfully, I did win my case, and get the money. But it took a lot of effort and stress, and my funds were suspended for a week and a half. Luckily they acknowledged they received it- without this smoking gun I'm not so sure what would have happened.
Never using Paypal/Ebay again to sell. It's not just me-- this does happen on a frequent basis.
April 11, 2013, 02:46:31 PM
I am suprised a trustworthy corporation hasn't picked up bitcoins for mass currency conversion, they would stand to make alot of money if they took a % cut just like real world cash currency converters.
If you have the capital and the trust of the general public as a corporation, bitcoins could be a highly profitable trade item.
If you have the capital and the trust of the general public as a corporation, bitcoins could be a highly profitable trade item.
pick up at what price ? and sell at what price ? and who takes the loss IF that is massive like the last two days ?
April 11, 2013, 02:04:41 PM
I am suprised a trustworthy corporation hasn't picked up bitcoins for mass currency conversion, they would stand to make alot of money if they took a % cut just like real world cash currency converters.
If you have the capital and the trust of the general public as a corporation, bitcoins could be a highly profitable trade item.
If you have the capital and the trust of the general public as a corporation, bitcoins could be a highly profitable trade item.
April 11, 2013, 01:53:49 PM
I have used paypal to send money to secondlife/lindens, and then sent the money from secondlife to virwox and traded the lindens for bitcoins. The fees suck but it's a fast process
April 11, 2013, 01:30:46 PM
Thank you
April 11, 2013, 01:11:04 PM
Sure, but most of us are not sitting on piles of cash. I have been trying to find a way to get some bitcoin for a few weeks now, and it is a royal pain in the rear. Open up with dwolla, wait for verification.... transfer from bank,.. wait days... then wait some more. In that time, I have watched bitcoin go from $70 to $250, and now to $130, I think? Maybe it is a good thing that I didn't get any yet :-)
April 11, 2013, 11:39:43 AM
is there any trust worthy BTC exchange site?
April 11, 2013, 11:24:57 AM
I don't think people who use Paypal should always be labeled a scammer. There are a lot of ways people have Paypal cash (such as buying or selling other virtual items from other games, lik WoW), and might want to invest in Bitcoin.
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