Re: 3 ways to grow more bitcoins and ways to lose it

Quote from: allankey on September 30, 2016, 01:59:37 AM

I am particularly interested in point 3. Isn't using Paypal with bitcoins a taboo? Has anyone tried the site?

https://steemit.com/bitcoin/@jellytail/3-ways-to-grow-your-bitcoins-or-3-ways-to-lose-your-bitcoins

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3. Sell your Bitcoins with a 15% mark-up on xCoins.io

xCoins.io is a site that was launched in June with positive reviews. The controversy with this site is that it uses Paypal as its payment processor. xCoins is a middle man that connects buyers and sellers with the former who seeks to buy bitcoins with Credit card or Paypal -- at a 15% markup price. The sellers will receive the proceeds in their Paypal account. Many readers are very likely to disapprove this site because it is using Paypal as the main mechanism for fund transfer since Paypal transactions are reversible by scammers.

Paypal doesnt allow people to sell Bitcoins in exchange for Paypal credit is very simple. Bitcoin is like cash and Paypal is credit. If someone disputes the sale of the Bitcoins after they bought them with Paypal, the company (Paypal) has no way of knowing if the transaction actually happened. This is mainly due to the pseudonymous nature of Bitcoin. Therefor, Paypal closes down any account that will accept payment for Bitcoins with their credits.
I don't try this site so no idea about this site.you can try at your own risk.remember Bitcoin and paypal both are two different payment method Grin