Paypal to Bitcoin or through a cheap method

O

orgut

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Hi
Im kind of a dropshipper and sell on ebay and places like that but the thing is my supplier takes BTC and since Im making my money through paypal I wonder what is the cheapest route (commissions wise) to buy bitcoin with
Take in mind that the money is on paypal and the whole circle begins from there so it can be a direct paypal to btc or a detour through other places like bank/credit card/etc..

Whoever understand how to do it please let me know

Thanks in advance
 
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You can buy btc with PayPal on that site but is not cheap something like 15 percent above market Price
 
mikey29 said:
You can buy btc with PayPal on that site but is not cheap something like 15 percent above market Price
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Im looking for something like 5% tops otherwise it is better to withdraw and buy bitcoins through the bank...
 
Can't really do it. PayPal for btc sellers is risky. So easy to chargeba k
 
virwox seems like your option. Get ready for -20% losses and some waiting. It worked okay for me in 2017, dunno if it's even still up.
No real seller is going to sell you BTC for Paypal. If you find one they will fuck you with verification, like you will have to provide them with your documents etc. Imo not a real option to share your data with some shady seller especially if you're gonna process considerable amounts, nothing can stop him from selling your data to thieves or doing whatever bs.
 
Tozzy said:
virwox seems like your option. Get ready for -20% losses and some waiting. It worked okay for me in 2017, dunno if it's even still up.
No real seller is going to sell you BTC for Paypal. If you find one they will fuck you with verification, like you will have to provide them with your documents etc. Imo not a real option to share your data with some shady seller especially if you're gonna process considerable amounts, nothing can stop him from selling your data to thieves or doing whatever bs.
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Ok I found a much cheaper method
Like I said it doesnt has to be BTC for Paypal but it has to start from Paypal and end on BTC
Paypal to Credit Card and then Bank to BTC - the whole thing should cost almost nothing
 
I got an idea, buy a BTC mining machine for paypal and you'll make money in coins :)
 
I withdrawal my paypal funds to my debit card, which is a matter of minutes and use my debit card to purchase on coinbase. Getting verified and getting my buying power increased was a chore, though and isn’t realistic for some. The fee is in the neighborhood of 4%, less if you do a bank draft, but that’s not instant.
 
I do not think as local trader is a good idea and the people can cheat, I would rather advice you to make exchanges via crypto exchanges as they really can protect your money, but be careful choose the best one
 
Tozzy said:
virwox seems like your option. Get ready for -20% losses and some waiting. It worked okay for me in 2017, dunno if it's even still up.
No real seller is going to sell you BTC for Paypal. If you find one they will fuck you with verification, like you will have to provide them with your documents etc. Imo not a real option to share your data with some shady seller especially if you're gonna process considerable amounts, nothing can stop him from selling your data to thieves or doing whatever bs.
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virwox accepting paypal deposits again? they havent for last months as well as credit cards
 
I-marketer said:
virwox accepting paypal deposits again? they havent for last months as well as credit cards
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I dunno. Used it in 2017.
No surprise if they stopped accepting it. Selling BTC for PayPal is like literally inviting fraudsters.
 
orgut said:
Hi
Im kind of a dropshipper and sell on ebay and places like that but the thing is my supplier takes BTC and since Im making my money through paypal I wonder what is the cheapest route (commissions wise) to buy bitcoin with
Take in mind that the money is on paypal and the whole circle begins from there so it can be a direct paypal to btc or a detour through other places like bank/credit card/etc..

Whoever understand how to do it please let me know

Thanks in advance
Click to expand...

We use coinbase https://www.coinbase.com no issues so far. We only sell (as soon as we get them) no buys at this point but they offer the service.
 
Diamond Damien said:
We use coinbase https://www.coinbase.com no issues so far. We only sell (as soon as we get them) no buys at this point but they offer the service.
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Why not use a combination of Coinbase and PayPal. You can link both to your bank, assuming you have an account to use. Transfer money from PayPal to your bank and from your bank to Coinbase or vise versa.

houdinii321 said:
I withdrawal my paypal funds to my debit card, which is a matter of minutes and use my debit card to purchase on coinbase. Getting verified and getting my buying power increased was a chore, though and isn’t realistic for some. The fee is in the neighborhood of 4%, less if you do a bank draft, but that’s not instant.
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Or this if you don't want to use a bank. Both options take time though.
 
For me, the cheapest method is PayPal to the bank account and bank account to Coinbase $0 fees. Then I buy BTC with Coinbase Pro, you can transfer your money from Coinbase to Coinbase Pro free.
 
I was wondering the same thing.

What if you don't want to withdraw the money to the bank first?

Everybody says that the fee on buying Bitcoin with Paypal is high because of the risk the sellers take because of chargebacks and all that. Makes sense. But at the end of the day if you develop a bit of a relationship or know someone who sells bitcoins and would accept Paypal, and they know you won't do a chargeback, then I would imagine you can work out a deal where they get some 5% or something out of the transaction... instead of the 10-20% people keep mentioning :o
 
Scorpion Ghost said:
I was wondering the same thing.

What if you don't want to withdraw the money to the bank first?

Everybody says that the fee on buying Bitcoin with Paypal is high because of the risk the sellers take because of chargebacks and all that. Makes sense. But at the end of the day if you develop a bit of a relationship or know someone who sells bitcoins and would accept Paypal, and they know you won't do a chargeback, then I would imagine you can work out a deal where they get some 5% or something out of the transaction... instead of the 10-20% people keep mentioning :eek:
Click to expand...

Instant withdraws from Paypal to Debit card are the only quick and relatively cheap / mostly safe way that I know of, but it's more about the debit card. If you can find a debit card that supports instant refunds but is not a traditional bank account, this should work too, but finding that type of card would be finding a diamond in the rough.
 
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