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Safe with paypal when buying BTC?

Discussion in 'CryptoCurrency' started by moneymagnet246, Aug 19, 2014.

  1. moneymagnet246

    moneymagnet246 Regular Member

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    Hey everyone. Im new to the whole BTC category. But Im given a great opportunity and I'm wondering if I'd be safe purchasing with Paypal? Thanks!
     
  2. JoeMongan

    JoeMongan Jr. VIP Jr. VIP Premium Member

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    You are safe but its hard to believe anyone is accepting paypal for BTC...
     
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  3. moneymagnet246

    moneymagnet246 Regular Member

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    Really? Haha even better and yeah lol its a great deal too so I thought I was like in no way safe. This is great news man thank you!

     
  4. cmghoops32

    cmghoops32 Registered Member

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    Your a hell of a lot safer than whoever is selling the bitcoin! Hardly anyone will accept bitcoin for paypal because of the chargebacks. People buy btc with paypal, say they never got it, keep the btc and the cash.

    You can however use virwox and purchase linden sll via paypal (if you PP account is verified), then go and purchase btc with that linden. I am warning you though, I have used them and their fees are quite hefty
     
  5. gary2

    gary2 Jr. VIP Jr. VIP Premium Member

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    I dont think this would be possible anymore... I had read on entrepreneur.com in February 2014 that PayPal is cracking down on Bitcom sellers...It does not want people selling bitcoins on it platform
     
  6. phirex

    phirex Power Member

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    if they want you to send the paypal money first, then they're the ones who are probably trying to scam you here.
    they'll probably never send you any BTC and will try to clear the funds out of their account before your complaint helps paypal.
    also, paypal might not refund you due their strict policies against bitcoin.
     
  7. moneymagnet246

    moneymagnet246 Regular Member

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    Well I am sending it first, but I get it same day. If not ill just dispute. Still safe or nah?


     
  8. Graelasting

    Graelasting Newbie

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    It seems a bit dodgy to me, though a someone else mentioned, this other person is at a higher risk than you if they send it first.

    If not, I'd tread lightly
     
  9. zebrahat

    zebrahat Elite Member

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    You can now purchase BTC via Payza. If you link a Payza account to the same bank as the one on your Paypal, you could move funds from Paypal > Payza > BTC, if you can wait a few days for processing.
     
  10. sysco32

    sysco32 Jr. VIP Jr. VIP Premium Member

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    You are only safe with PayPal if you buy shippable items otherwise you are fckd.I lost one dispute,than did charge back and it is already 3 months.Nothing happened.SO don't use PayPal if you don't have to.They don't insure digital items.
     
  11. samatar_h

    samatar_h Regular Member

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    paypal is going to incorporate bitcoin soon
     
  12. myinternetempire

    myinternetempire Jr. VIP Jr. VIP

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    I am not sure that PayPal is accepting BTC or not. Recently i have found on a magazine that ebay start accepting BTC.