How I buy BTC with Paypal (Low Fees)

ubk95

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Hello
Thought I would share this easy method for getting BTC using your paypal at a low price.
I use this method all the time.

Things you need:

Steam account with mobile authentication enabled (for instant trade)
For people who do not know what steam is,It is a gaming platform for PC,Think of it like a PSN equivalent for PC
BTC Wallet
Paypal account
G2A Account (g2a.com)

Q)What are the steps involved in the process?

We will buy CSGO Case Keys using Paypal (CSGO Keys are in-game items for the game "Counter Strike Global Offensive") Very popular among people who play CSGO.
Each key is sold for about $2-$2.30 depending on where you buy it from.
After getting the keys, we use one of many websites that are out there to get BTC for our Keys. We get about $1.93(BTC) for each key.

Steps: (Detailed)

1- Go to G2a.com, type "case" in the search bar, you will see different types of case keys, just go and add any key to your cart and check out using paypal. (there's no fee involved in the transaction)
(for some reason you can not add multiple keys to your cart so you will have to purchase the keys one by one)

2- After you have bought the keys,it will appear in your items panel in your G2A account. You can now add your Steam account trading link and send the keys to your steam account,Once the trade request is sent you will be notified to accept the keys on steam.

3- Now that you have the keys, it's time to trade them for bitcoin using an automated instant service. While there are many other services out there that would do this type of exchange, I prefer https://keyvendor.net/
All you need to do is sign in through your steam account, go to sell section, send bot the trade request,add the keys to trade window and accept the request through your mobile phone steam app.
The site buys keys for about $1.93 but the price keeps changing accordingly.

4- When you have successfully traded with the bot, Btc would show up in your account,then you can withdraw into your BTC Wallet.

Another Cheaper Method to Cut the Fees even lower:

-Replace Step 1-
Instead of buying CSGO Keys from G2A.com , search for reputable traders on steam-trading forums that would sell the keys at lower prices. I have bought keys for as low as $2 recently. (It involves a slight risk of being scammed so proceed carefully with the trader you choose)

All of this can be a little complicated if you don't have any idea how steam or steam trading works.

Feel free to ask me further questions.
 
It's probably a good method if you're 16, trading 2$ game keys, though if you want to load 10k$ or more i'd rather use established exchange.
 
It's probably a good method if you're 16, trading 2$ game keys, though if you want to load 10k$ or more i'd rather use established exchange.
You're definitely right.
I don't load $10k worth of Bitcoins using my Paypal or this method.
Works fine for a couple hundred bucks though. :)

(You can always bulk buy and trade keys for BTC) Only takes two - four clicks.
 
Good write up. But I got some others news for you, virwox and this method are old now. You can simply use paxful or localbitcoins to deal with a real human being and not fuck eachother over.
 
What is your loss in percentage using this method? Because from what I can see, if the keys cost 2-2.3 and you get 1.93 with moving price, then you are using
between 3-17%.

Virwox is expensive in start, but if you have patience, fees drop a lot.
 
What is your loss in percentage using this method? Because from what I can see, if the keys cost 2-2.3 and you get 1.93 with moving price, then you are using
between 3-17%.

Virwox is expensive in start, but if you have patience, fees drop a lot.

average loss is $0.30 for every $2 ..
$1.5 for $10 worth of bitcoins
$7.5 for $50 BTC
$15 for $100

I don't understand how the fees are dropped on Virwox ?
 
average loss is $0.30 for every $2 ..
$1.5 for $10 worth of bitcoins
$7.5 for $50 BTC
$15 for $100

I don't understand how the fees are dropped on Virwox ?

With each deposit the fees decreases. There is a tier of fees based on monthly deposit. You can find it on website.
 
average loss is $0.30 for every $2 ..
$1.5 for $10 worth of bitcoins
$7.5 for $50 BTC
$15 for $100

I don't understand how the fees are dropped on Virwox ?

decent method if you need no more than 20 $ worth of bitcoins , otherwise is not that good
 
Guys whoever had used virwox before, did you use that since a website give you a "good advice" to use it for exchange paypal balance? if yes then we might be eat a same crap :(
 
Jesus dont even use virwox, I highly recommend paxful/localbitcoins if you are buying in bulk
 
average loss is $0.30 for every $2 ..
$1.5 for $10 worth of bitcoins
$7.5 for $50 BTC
$15 for $100

I don't understand how the fees are dropped on Virwox ?

Here is copy paste from
Code:
https://www.virwox.com/help.php#_Commissions_and_Discounts

Commission paid (last 30 days) Discount Effective Commission
0 SLL 0% 3.90%
1,000 SLL 10% 3.51%
2,000 SLL 20% 3.12%
5,000 SLL 30% 2.73%
10,000 SLL 40% 2.34%
20,000 SLL 50% 1.95%
50,000 SLL 60% 1.56%
100,000 SLL 70% 1.17%
200,000 SLL 80% 0.78%

SLL is their intermediary currency, basically after 30 USD, you are already on 20% discount.

Guys whoever had used virwox before, did you use that since a website give you a "good advice" to use it for exchange paypal balance? if yes then we might be eat a same crap :(

Don't understand you completely, but I use Virwox as their volume and anonymity are high enough.

Jesus dont even use virwox, I highly recommend paxful/localbitcoins if you are buying in bulk

Same thing as above. In some countries, local law enforcement like to take part in localbitcoins exchange events to investigate money laundering. For larger volume, Paxful sellers require you to
send selfies and ID pictures and I am not very keen on providing anonymous persons with documents that enable them to simply steal my identity.
 
Top up paypal fees,USD paypal to SLL Fees again, SSL to BTC more fees again, i dont now what SLL use for, except to steal more money from customer?? i almost give up on this bitcoin thing, when though if this cryptothing are suck like them, fortunately the only sucker here only them , other are competitive and good enough to make btc useful in daily life
 
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