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Need an advice , I will start sell bitcoin .

Discussion in 'CryptoCurrency' started by The Miz, Dec 12, 2016.

  1. The Miz

    The Miz Junior Member

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    Hello ,
    I live in germany and have bank account so I guess I can get bitcoin with its orginal price .
    I am looking to start selling bitcoin on sites like paxful .
    I think I will sell with Paypal/ bank transfer / gift cards / debit cards ...
    I know this is high risk work . But A lot of people do it ! Look at paxful.com
    so what is your advices to avoid scamers ?
    I know a bit about pp but about bank transfers and cards not that much .
    so please help .
    I need to avoid refunds and dirty money .
    thanks .
     
  2. BibleNsword

    BibleNsword Newbie

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    Very risky business in my opinion but the facts are bitcoin has friendly enough community nowadays to avoid scammers and other things.I would recommend Local bitcoins just because of all the different amount of ways to to conduct the transaction see for yourself.My advice is never use paypal their are other ways to conduct transactions.For sure look on Local bitcoins webiste just to see others sellers profiles just to see common safeguards and practices of other sellers. Its all about credibility brother becoming a trusted seller is everything. Cant think of anything else except that is you need to really study others doing the same type of business.Personally i think Website like Circle will eliminate the need for middle men sellers but who knows
     
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  3. The Miz

    The Miz Junior Member

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    I wish I could say more than thanks :) thanks a lot .
    anyway , SEBA and bank transfers could have refund after it arrive to me ???
    Also for cc refund , If I prove I make the job but the card was stolen what happen in this case ?? its not my fault right ?
    About pp I think about calling them and talk about the , what do u think ??
    last thing and sorry for this all questions , Is bitcoin trade have any rules in germany ?? what about TAX ??
    thaaaanks man .
     
  4. ViridWeb

    ViridWeb Jr. VIP Jr. VIP

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    Don't receive payments with PayPal because once user raise chargeback you may have to pay the penalty as well the full money refund.
     
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  5. BibleNsword

    BibleNsword Newbie

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    HMMM I am no expert but here is what think.
    In my opinion never incorporate bitcoins with tax or goverment in general just on PRINCIPLE bitcoins is a "faith" based community if that makes sense
    Secondly seems to me CCs are risky to handle when it comes to BTC but i see that germany seems to like banking in bitcoins so i say get know bank your dealing with or any other provider i personally am not a bitcoin seller so i am saying with utmost sincerity to STUDY STUDY STUDY....the bitcoin community as a WHOLE.....other bitcoin sellers....and whatever bank or money handler you are using.
    also as you will probably figure the only "tax" a bitcoin seller such as yourself should be dealing with is the one your dealing out.When people buy from you they expect professionalism and safety of their money which should always comes at a price
    I really got no more advice except one last pointer is to study other sellers on local bitcoins using same money handler take a look at all the steps highly rated sellers deem neccessary to ensure safety for both parties.
    P.S sorry if didnt answer all your questions i dont feel comfortable giving you advice to something i am not an expert at i KNOW for fact all the question you asked could be answered with enough studying
     
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  6. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP Premium Member

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    PayPal does not accept Bitcoin sales. If you buy/sell BTC via PayPal you gotta ask the payer to make it a donation. You can start a BTC business, but it's a very risky game as others and yourself have mentioned. You gotta ask yourself how you'd be different from the competition. Being in Germany and having a proper bank account is not that much of a differential when it comes to BTC if you think about it.
     
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  7. BibleNsword

    BibleNsword Newbie

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    What he said
     
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  8. JLeons

    JLeons Jr. VIP Jr. VIP

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    Avoid at any cost to sell BTC and accepting Paypal, just a solid advice for you as you WILL get ripped off, if it's not the first time it'll be the 10th time making your profits vanish.

    I would suggest to just buy and hold instead of risking this game, but that's just my opinion. :)
     
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  9. Ablehost

    Ablehost Newbie

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    Im adding in the chorus here of not using PayPal to buy/sell/trade Bitcoins with, as the risk is very high. Everything else that was presented is solid advice, but the thing that you should know is not to use PP.
     
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  10. inventzit

    inventzit Newbie

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    anyone tried cex.io to sell btc
     
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  11. Larry Igna

    Larry Igna Junior Member

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    Well, it seems you don't know much about bitcoin.Yes, no paypal for btc.
    The only safe way would be to profit from btc volatility, buy low today>sell high after a while, not buy low from X>sell high to Y. It could work only if done in person, using methods that can't be undone (like paypal).
    An even better way is to sell stuff for bitcoin, currently there are not so many stores that accept bitcoin and maybe you could find yourself a niche.
     
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  12. The Miz

    The Miz Junior Member

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    Thanks all .
     
  13. veki971

    veki971 Registered Member

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    Here is what know from reading on the subject: If you accept Paypal, or Skrill, Payoneer and similar payments methods, it is just a matter of time before you will get scammed.
    Almost the same risk is taking any credit card, debit card, even gift cards because they can be stolen, and very often they are, so new sellers are very likely to get targeted by fraudsters.
    There is no 100% secure way to protect yourself, but if you are long enough in that game, you will learn how to minimize your risk, and cover your losses from your profit- that is if you survive long enough.

    I am not talking from my experience, but from reading other people's experiences and problems they are facing.
    Now, the obvious solution you might think is if you sell Btc thru the Western Union, but, as you already assume, it is also risky.
    First, the guy can send you the money using stolen credit card, and yes, you will receive cash on WU, but it will trigger some investigation, and you don't want that kind of problems.
    Further, you may ask him to deposit cash, and you are safe, right? Well, not quite. You will ask the buyer to take a photo of a deposit slip to prove that he paid with cash, you will receive the photo, you will check the photo for its authenticity, so it is not photoshopped or something, and if the photo is real, you are good.
    No you are not. What he will do is, he buys his own thermal printer and prints out his own fake deposit slip, takes a photo of it and sends it to you, while he made a deposit with his stolen credit card.
    He will cover the cost of the printer probably in his first fraudulent transaction.
    And more methods are being introduced every day, so I just wanted you to be fully informed before you make any decision regarding your money.
    I know I wouldn't want to be a victim of fraudsters.
    After all, I believe what they say: "Knowledge is the only treasure that increases on sharing."

    Cheers
     
  14. RuthSam

    RuthSam Jr. VIP Jr. VIP Premium Member

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    Forget about PayPal when you consider trading and exchanging BitCoins! It will be wrong and it will go wrong for you sooner or later. Wire transfer is the way to go.