Selling Bitcoin on EBay | Bitcointalksearch.org

hilariousandco

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Quote from: jcoin200 on January 19, 2014, 07:52:05 AM

Exactly. Until they specifically add a provision for selling crypto currency it's not a good idea in my opinion. All they really need to do though is add a rule that states each party will post their wallet addresses before the transaction, then the seller posts the blockchain info after sending the btc. This is the only proof needed for any btc transaction. Then eBay can start reaping huge profits by taking their insane 13% of each transaction.

It's a very simple process to implement and the blockchain is the best record you could ever need for proof of sending and payment. Hopefully they will up their game and implement it in the near future.

jcoin200

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Exactly. Until they specifically add a provision for selling crypto currency it's not a good idea in my opinion. All they really need to do though is add a rule that states each party will post their wallet addresses before the transaction, then the seller posts the blockchain info after sending the btc. This is the only proof needed for any btc transaction. Then eBay can start reaping huge profits by taking their insane 13% of each transaction.

hilariousandco

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Quote from: BitCoinPokerBro on January 17, 2014, 11:00:01 AM

A lot of ebay sellers list btc/altcoins like this

Buy a pen get x amount of btc/altcoin free

That way when they send the pen in the mail with tracking paypal can not reverse the payment. Or at least that is the assumption.

What happens when they say there was no pen in the signed for package, but just a twig?

tins

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Quote from: KWH on January 17, 2014, 05:59:30 PM

Quote from: BitCoinPokerBro on January 17, 2014, 11:00:01 AM

A lot of ebay sellers list btc/altcoins like this

Buy a pen get x amount of btc/altcoin free

That way when they send the pen in the mail with tracking paypal can not reverse the payment. Or at least that is the assumption.

Until the fraud, hacked or dog ate my PC accusations come in.

Yup, I lost a whole bunch of Litecoins that way last year.
Lesson learned. Never use Paypal for crypto transactions. Never ever, ever!

Peacefrog

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I've seen a decent bit of auctions going through with crypto. What everyone is doing is auctioning a single us penny (because its tangible and its not cryptocurrency being sold) but the doge's or btc's are a gift with the purchase. I've seen plenty of these go through recently with no problem

If you do this look at some others. most offer the penny for pick up only so they don't need to pay shipping to the few dumb-asses who want the penny

rext

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Quote from: adam9317 on January 17, 2014, 11:30:08 AM

Quote from: BitCoinPokerBro on January 17, 2014, 11:00:01 AM

A lot of ebay sellers list btc/altcoins like this

Buy a pen get x amount of btc/altcoin free

That way when they send the pen in the mail with tracking paypal can not reverse the payment. Or at least that is the assumption.

Smart idea

that's pure genius hahaha, paypal will be at a dilemma

KWH

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Quote from: BitCoinPokerBro on January 17, 2014, 11:00:01 AM

A lot of ebay sellers list btc/altcoins like this

Buy a pen get x amount of btc/altcoin free

That way when they send the pen in the mail with tracking paypal can not reverse the payment. Or at least that is the assumption.

Until the fraud, hacked or dog ate my PC accusations come in.

adam9317

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Quote from: BitCoinPokerBro on January 17, 2014, 11:00:01 AM

A lot of ebay sellers list btc/altcoins like this

Buy a pen get x amount of btc/altcoin free

That way when they send the pen in the mail with tracking paypal can not reverse the payment. Or at least that is the assumption.

Smart idea

BitCoinPokerBro

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A lot of ebay sellers list btc/altcoins like this

Buy a pen get x amount of btc/altcoin free

That way when they send the pen in the mail with tracking paypal can not reverse the payment. Or at least that is the assumption.

guybrushthreepwood

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Quote from: techstorm2 on January 17, 2014, 08:12:00 AM

I just got a warning email with my listings being removed, I wouldnt bother! Not worth the risk.

Sad

Apparently ebay are going to allow listings in the classified section from February: http://www.coindesk.com/ebay-uk-virtual-currency-february/

techstorm2

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I just got a warning email with my listings being removed, I wouldnt bother! Not worth the risk.

Sad

jcoin200

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See my earlier thread, I had the same exact idea to sell small amounts of BTC to maximize profit:
https://bitcointalksearch.org/topic/how-to-safely-sell-bitcoins-on-ebay-349056

Currently its not a good idea. I went through the dispute process and they are unaware/dont care about the blockchain information. Until they revamp their company policy it is not a good place to buy/sell BTC.

RodeoX

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Quote from: cryptasm on January 16, 2014, 10:19:57 AM

Got one of my daily MC999 Listing policy violation alerts today from Fleabay when I saw this:

"Please know that per our recent policy update, Virtual currency (i.e. Bitcoin and Litecoin), whether digitally or physically delivered cannot be listed in Auction-style or Buy-It-Now listing formats. eBay is opening a Virtual Currency category to allow the sale of virtual currency in Classified Ads format on February 10, 2014. We request that you do not list these items until that date".

Wow, that's new. I wonder if they are going to add a bitcoin payment option as well?

adam9317

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Quote from: cryptasm on January 16, 2014, 10:19:57 AM

Got one of my daily MC999 Listing policy violation alerts today from Fleabay when I saw this:

"Please know that per our recent policy update, Virtual currency (i.e. Bitcoin and Litecoin), whether digitally or physically delivered cannot be listed in Auction-style or Buy-It-Now listing formats. eBay is opening a Virtual Currency category to allow the sale of virtual currency in Classified Ads format on February 10, 2014. We request that you do not list these items until that date".

In a way that's good so they are doing something so people can sell Bitcoin.

cryptasm

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Got one of my daily MC999 Listing policy violation alerts today from Fleabay when I saw this:

"Please know that per our recent policy update, Virtual currency (i.e. Bitcoin and Litecoin), whether digitally or physically delivered cannot be listed in Auction-style or Buy-It-Now listing formats. eBay is opening a Virtual Currency category to allow the sale of virtual currency in Classified Ads format on February 10, 2014. We request that you do not list these items until that date".

KWH

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In Collateral I Trust.

This subject has been beat to death already. Please use the Search feature.
To answer your question, again: Use PP/Ebay if you want to lose your funds and get your account banned in the process. I would rather gamble my coins away. Read PP TOS.

Hueristic

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Doomed to see the future and unable to prevent it

I sold 1000 for a dollar to try it. Cost 33% fee LOL and then gotta worry about chargeback? Nope don't do it.

http://www.ebay.com/itm/201011003993?ssPageName=STRK:MESOX:IT&_trksid=p3984.m1559.l2649

When I went to relist Flea-Bay wanted a CC incase of chargeback. Yeah right they already own Paypal!

best-miner.com

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I don't suggest to do it too, you may have to prove you've transfer your bitcoin to the buyer, as ebay may don't accept your opinion.

gamybtc

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You can sell physical coins, however ebay allows selling of coins, but you cant sell digital goods, no protection. Just loss.

twentyseventy

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Don't do it. Not ever. You will get chargedback and lose all of your BTC. Remember that BTC is irreversible and Paypal is not.

Also, they're permabanning eBay/Paypal accounts involved with BTC now.

Topic: Selling Bitcoin on EBay (Read 2238 times)