Post
Topic
Board Beginners & Help
Re: Offering PayPal for Bitcoin? You're likely to be labeled a scammer - Read why
by
Nejuf
on 05/04/2013, 15:16:49 UTC
So, are there any online services that can be set up fairly easily to send funds from Paypal, and then buy bitcoins?

Because you can't use PayPal to exchange currency, you cannot set it up with any exchange.  The only place I know of which you can use PayPal is through VirWox.com -- there, you can buy Lindens, and then trade the Lindens for Bitcoin.  It's a loop hole, but it works--to an extent.  You can only trade 50 PPUSD at a time.  All other exchanges require all your complete identity, IF you're dealing with USD.  When trading between the altcoins, you may remain anonymous.

Thanks, work-arounds are what I'm looking for.  I'm open to doing VirWox, but on the wiki it says in whole BTC values only and someone said the fees would be 25%.  Is this still true?  I cannot find such information on the Virwox site.

I only see:
Market Order Fee: USD/SLL   50 SLL   2.90%
Deposit Fee: a variable Paypal fee
Withdrawal Fee: A handling fee of 0.01 BTC per bitcoin withdrawal will be charged.


How legit would you say dealing with the sellers that have a positive rating on here(http://bcchanger.com/bitcoin-sell-orders) are?   Sad