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Topic: Sell Bitcoins for paypal? - page 3. (Read 17954 times)

newbie
Activity: 5
Merit: 0
April 23, 2012, 03:54:14 PM
#11
nope
sr. member
Activity: 280
Merit: 250
April 22, 2012, 06:30:03 PM
#10
My site buys bitcoins at market price http://www.minibtc.com/index.html
member
Activity: 107
Merit: 10
April 22, 2012, 11:22:31 AM
#9
Amazon payments are fine, but if you are not from US, you can't accept money to your account.
donator
Activity: 112
Merit: 10
keybase.io/arblarg
April 22, 2012, 01:00:17 AM
#8
either way you want to do it, use a reputable exchanger, as sending your bitcoins to someone is not reversable, but paypal payments are.
hero member
Activity: 658
Merit: 500
April 22, 2012, 12:08:37 AM
#7
Easiest I've come across is Spendbitcoins.com to amazon payments. Gets the highest mtgox rate when you cash out. Takes a week to clear but it's quick and convenient. I've put 150 coins through. So far so good.

Amazon payments doesn't charge fees even on credit cards to personal accounts. ( for the first $1,000 a months ). It's awesome.

PayPal is crap.
jr. member
Activity: 38
Merit: 2
April 21, 2012, 11:47:30 PM
#6
I would assume it is OK as long as it is bitcoin to Paypal. And not the other way around.

It looks like Eclipse mining pool is letting you get money for your mining work in Paypal.

But Paypal has high fees and everything. Losing a lot of money just to have money go through Paypal is a bit bad.
legendary
Activity: 2506
Merit: 1010
April 21, 2012, 07:23:13 PM
#5
https://www.spendbitcoins.com/convert/paypal/ seem to offer converting Bitcoin to PayPal.

Because PayPal charges a fee (the normal $0.30 + 2.9%) that amount gets passed along and subtracted before the withdrawal payment is sent.

Bicoin Nordic does withdrawal to PayPal as well, with a 10% haircut on the exchange rate:
 - https://bitcoinnordic.com/sell

Works, but for larger amounts it gets expensive.

There are usually traders on #bitcoin-otc willing to do 1:1 or close to it.  You're the one extending trust but the trust ratings will help you know how to avoid risk:
 - http://webchat.freenode.net/?channels=#bitcoin-otc-foyer
 - http://bitcoin-otc.com/trust.php
legendary
Activity: 1428
Merit: 1001
Okey Dokey Lokey
April 21, 2012, 02:27:06 PM
#4
Just a word of advice for all newbies, PayPal has a habit of FREEZING your paypal account for an "investigation" if they have "reason to believe" that your conducting bitcoin transactions.
newbie
Activity: 22
Merit: 0
April 21, 2012, 01:53:25 PM
#3
Amazon Payments...good enough. Thanks!
donator
Activity: 2058
Merit: 1054
April 21, 2012, 01:45:22 PM
#2
All I want to do is convert BTC to dollars in a paypal account, not the other way. Will PayPal block my account if I am doing this?
They could. As well as the account of the other party.

Is it possible to sell Bitcoins on an exchange which then transfers your money to a PayPal account? I'd like to avoid using a bank account for this. MtGox doesn't seem to support paypal...
You would be hard-pressed to find such an exchange, for the reason stated above.

https://www.spendbitcoins.com/convert/paypal/ seem to offer converting Bitcoin to PayPal.

If you can use Amazon Payments instead of PayPal, you can try CoinCard which is highly recommended.

I'm going to avoid selling without an exchange website so I don't get scammed.
If you do the trade with a reputable member of this forum or bitcoin-otc there is close to 0 chance of being scammed, and it's also not very likely PayPal would find out.
newbie
Activity: 22
Merit: 0
April 21, 2012, 01:35:54 PM
#1
Is it possible to sell Bitcoins on an exchange which then transfers your money to a PayPal account? I'd like to avoid using a bank account for this. MtGox doesn't seem to support paypal...

I'm going to avoid selling without an exchange website so I don't get scammed.

All I want to do is convert BTC to dollars in a paypal account, not the other way. Will PayPal block my account if I am doing this?
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