Post
Topic
Board Currency exchange
Re: WTB BTC >>>PAYPAL
by
420
on 14/10/2012, 00:19:38 UTC
I have $4500 looking to get a bit of coins while the price is low. Using paypal. Will go first to reputable folks only.

public service message:

Quote
When you trade OTC you engage in a transaction with people you possibly know nothing about. You may send your BTC to the person, and never get anything back. Or you may send your $currency to the person expecting BTC, and get nothing in return. This is a highly undesirable outcome for you, and you should do your best to guard against that.
http://wiki.bitcoin-otc.com/wiki/Using_bitcoin-otc#Risk_of_fraud

and just a note of caution, even if the buyer doesn't file a disupute or chargeback doesn't mean paypal doesn't freeze your account after receiving payment if they suspect the funds were used for the purpose of a digital currency transaction.

have they actually gave that resaon before?