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Topic: What is the BEST way to buy bitcoins with Paypal? - page 2. (Read 6804 times)

b!z
legendary
Activity: 1582
Merit: 1010
Check out forums like hackforums.net, it's easy to buy there.

that is stupid advice.
full member
Activity: 238
Merit: 100
Check out forums like hackforums.net, it's easy to buy there.
member
Activity: 76
Merit: 10
Have you thought about using dwolla? Maybe this service works better? I haven't used it in a really long time. I used to use it for Mt Gox but as we all know that story ended in disaster.
hero member
Activity: 2184
Merit: 513
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I tried to sell my Bitcoins with Paypal because Paypal provides direct money transfer service to my local account . but when I exchanged my BTC to PP . Buyer scammed me I lost my BTC worth about $200 . then I started exchanging on BTC-E.com and it is working to me safely .Beware from scammer suggestion to all Smiley
sr. member
Activity: 267
Merit: 250
I'm selling bitcoins in my country, and some guys wanted to buy with Paypal, but i refused, even they offered me 5% more, but it's not safe. The reason is simple, Paypal transactions can be reversed.

That is how everyone looks at it, no one ever looks at the other side of "WILL THEY" everyone here just assumes they will reverse with no real hard facts.
hero member
Activity: 798
Merit: 500
Time is on our side, yes it is!
I've done it myself and I'm waiting to see if I get a charge back.  I won't be surprised if I get funds reversed on my account and I only exchange relatively small amounts of funds so if I get played I won't be devastated.  I have faith I won't be scammed but you just can't be sure these days and I think it is best to avoid these kinds of issues by finding other forms of exchanging your Bitcoin for dollars as many others have suggested in this thread and all over the forum.. 
newbie
Activity: 52
Merit: 0
users here are sometimes stupid to accept paypal as payment, remember, paypal is not ok, since it's reversible.
member
Activity: 106
Merit: 10
Hello everyone, what is the absolute best and safest way to buy. BTC with Paypal? Also which site doesn't ask for documents and gives crazy headaches?

Look Mate, with paypal there are just too many scams, I just would not do it and find another way around it.
Just go to an exchange or localbitcoins.
sr. member
Activity: 266
Merit: 250
You can buy BTC with Paypal on Virwox, but the fees are high and your starting limits will be pretty low. I don't really recommend it. You could find reputable sellers on LocalBitcoins, but you'd probably pay a hefty premium, even if you have some level of reputation.
I don't think many/any traders on LBC will accept paypal for payment as the long term risk to them is simply too high.

Virwox does work for using paypal to buy bitcoin but the high fees make it so it really doens't make sense. Your best bet would really be to simply withdraw your BTC to your bank account and deal with someone locally.

I don't know where you're looking on LBC, but there's definitely traders who take Paypal. But like I said, the premium is hefty and not worth it. I agree, best to either withdraw to bank account to use cash locally, or to send cash to an exchange.
I am looking right now and I don't even see the option to buy via Paypal, only "other online"

Do you have any links to a few traders that accept paypal that you can see?
legendary
Activity: 1862
Merit: 1058
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One way I see users getting bitcoin using paypal is buying cex.io vouchers on ebay then selling the vouchers for btc and then of course withdrawing the bitcoins.
hero member
Activity: 658
Merit: 500
Buy and sell bitcoins,
You can buy BTC with Paypal on Virwox, but the fees are high and your starting limits will be pretty low. I don't really recommend it. You could find reputable sellers on LocalBitcoins, but you'd probably pay a hefty premium, even if you have some level of reputation.
I don't think many/any traders on LBC will accept paypal for payment as the long term risk to them is simply too high.

Virwox does work for using paypal to buy bitcoin but the high fees make it so it really doens't make sense. Your best bet would really be to simply withdraw your BTC to your bank account and deal with someone locally.

I don't know where you're looking on LBC, but there's definitely traders who take Paypal. But like I said, the premium is hefty and not worth it. I agree, best to either withdraw to bank account to use cash locally, or to send cash to an exchange.
sr. member
Activity: 266
Merit: 250
You can buy BTC with Paypal on Virwox, but the fees are high and your starting limits will be pretty low. I don't really recommend it. You could find reputable sellers on LocalBitcoins, but you'd probably pay a hefty premium, even if you have some level of reputation.
I don't think many/any traders on LBC will accept paypal for payment as the long term risk to them is simply too high.

Virwox does work for using paypal to buy bitcoin but the high fees make it so it really doens't make sense. Your best bet would really be to simply withdraw your BTC to your bank account and deal with someone locally.
hero member
Activity: 658
Merit: 500
Buy and sell bitcoins,
You can buy BTC with Paypal on Virwox, but the fees are high and your starting limits will be pretty low. I don't really recommend it. You could find reputable sellers on LocalBitcoins, but you'd probably pay a hefty premium, even if you have some level of reputation.
sr. member
Activity: 266
Merit: 250
Well as unsafe it is I see a lot of people selling for paypal right here on the forum, I don't know why but they usually trade with reputed members or use escrow.  After how many days does a paypal payment can't be reversed?

Only reputable members deal with paypal (or at least reputable member paying out in paypal. You don't actually need high reputation to accept paypal), but I've seen newbs dealing with newbs in paypal, and it usually ends with one of them getting scammed.
The person sending the paypal needs to be reputable in order for the trade to make any kind of sense as they are the one who could potentially reverse the transaction. Even if the paypal sender is reputable, the person sending the bitcoin (receiving the paypal) is taking a huge risk as you really never know what could happen with your counter-party.
full member
Activity: 210
Merit: 100
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Purchasing bitcoin with paypal is always safe for the purchaser...not so much for the person selling to him.  Risk of chargebacks far too high for most people to want to sell BTC for paypal without some sort of significant risk-fee thrown in.  Good luck to you though.
hero member
Activity: 882
Merit: 1000
Hello everyone, what is the absolute best and safest way to buy. BTC with Paypal? Also which site doesn't ask for documents and gives crazy headaches?

I haven't used it myself, but from what I heard and read here, Virwox is a reliable site for you to buy bitcoin with paypal. Smiley
hero member
Activity: 812
Merit: 1000
Well as unsafe it is I see a lot of people selling for paypal right here on the forum, I don't know why but they usually trade with reputed members or use escrow.  After how many days does a paypal payment can't be reversed?

Only reputable members deal with paypal (or at least reputable member paying out in paypal. You don't actually need high reputation to accept paypal), but I've seen newbs dealing with newbs in paypal, and it usually ends with one of them getting scammed.

Also escrow won't do much for a paypal transaction. It can still be reversed with or without escrow. Paypal's term is 45 days for their official system, but if they're about to lose money, they will extend it much longer. If payed with credit card through paypal, it can be even longer than 6 months, depending on how the scammer works it out with the fraud department.

But let's say someone is dealing with paypal to buy/sell bitcoins, after how many days of receiving payment through paypal one can be sure that it cannot be reversed?

And OP, try this : https://bitcointalk.org/index.php?topic=670349.0;topicseen

Since you're buying, I don't see any problems for you in trying any service, if you don't get your coins you can always ask for chargeback.
legendary
Activity: 812
Merit: 1002
Well as unsafe it is I see a lot of people selling for paypal right here on the forum, I don't know why but they usually trade with reputed members or use escrow.  After how many days does a paypal payment can't be reversed?

Only reputable members deal with paypal (or at least reputable member paying out in paypal. You don't actually need high reputation to accept paypal), but I've seen newbs dealing with newbs in paypal, and it usually ends with one of them getting scammed.

Also escrow won't do much for a paypal transaction. It can still be reversed with or without escrow. Paypal's term is 45 days for their official system, but if they're about to lose money, they will extend it much longer. If payed with credit card through paypal, it can be even longer than 6 months, depending on how the scammer works it out with the fraud department.
full member
Activity: 168
Merit: 100
In the past, I bought with paypal on ebay twice, but in small amount.
Wait for seller list it.
hero member
Activity: 812
Merit: 1000
Well as unsafe it is I see a lot of people selling for paypal right here on the forum, I don't know why but they usually trade with reputed members or use escrow.  After how many days does a paypal payment can't be reversed?
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