Can I buy bitcoin with PayPal?

Discussion in 'General Bitcoin Gambling Discussion' started by NKOTB, Oct 6, 2016.

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  1. NKOTB

    NKOTB Member

    Apologies for the newbie/dumb question but is there any service that will allow me to quickly and easily purchase bitcoin with PayPal? A number of my friends are interested in getting started with BTC but as soon as I mention that you need to set-up an account at an exchange they lose interest. Most of them already have a PayPal account so if there was a way they could buy bitcoin with that it would really help drive bitcoin adoption.
     
  2. Humble Servant

    Humble Servant Active Member Staff Member

    Once simple and common way would be to use localbitcoin.com. Many sellers on there request payment using PayPal. You find a seller in your area that accepts PayPal and make a purchase.
     
  3. Freddy

    Freddy Member

    I think it's only a matter of time before PayPal allow you to deposit using bitcoin. I don't think they will allow you to buy bitcoin for a while because there is too big a risk of chargebacks and fraud.
     
  4. Smug Satoshi

    Smug Satoshi Member

    It's best to stay away from any services that claim to allow you to buy bitcoin with PayPal. 99% of the time they are scams.
     
  5. BeastyBoy

    BeastyBoy Member

    Why don't PayPal allow users to buy bitcoin with their service? Are they afraid of the competition?
     
  6. Humble Servant

    Humble Servant Active Member Staff Member

    I think the problem is when people have their PayPal accounts hacked and they buy bitcoin, there is no way to get the money back. If someone uses a hacked PayPal account to order something off Amazon, then it is easy to cancel the purchase in comparison. I can see why whey would be reluctant to enable bitcoin purchasing with PayPal.
     
  7. Fatboy

    Fatboy Member

    i had my paypal account shut-down for selling bitcoin online so be careful.
     
  8. Header

    Header Member

    Isn't Wences Casares on the board of directors of PayPal now? Since he owns Xapo, I'm surprised that PayPal are still so anti-bitcoin.
     
  9. Humble Servant

    Humble Servant Active Member Staff Member

    Yes he is. I don't think they aren't necessarily anti-bitcoin. They are just trying to protect their customers from getting ripped off. They also don't want to have to deal with thousands of customer support tickets saying someone sold their BTC for a PayPal payment that turned out to be fraudulent. I wouldn't be surprised if they ended up buying a company like Coinbase in the end.
     
  10. Humble Servant

    Humble Servant Active Member Staff Member

  11. Humble Servant

    Humble Servant Active Member Staff Member

  12. Humble Servant

    Humble Servant Active Member Staff Member

  13. Humble Servant

    Humble Servant Active Member Staff Member

  14. Humble Servant

    Humble Servant Active Member Staff Member

  15. Kaboom

    Kaboom Member

  16. BPeter

    BPeter New Member

    Better use OTC exchange. Changelly, for instance. Their market rates are good and there are lost of coins on their cryptocurrency list.
     
  17. Mk3itas

    Mk3itas New Member

    Paypal has many scams, be careful. Use local bitcoin as an intermediary that gives you security if your purchase was made and gives you a period of time to verify if the transaction was done well. Greetings
     

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