Ninjastic
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Re: Looking to buy LTC
by
odolvlobo
on 06/05/2013, 04:47:41 UTC
Quote from: Dlcoates1 on May 06, 2013, 04:38:25 AM
Quote from: odolvlobo on May 06, 2013, 04:04:44 AM
Quote from: xschris on May 06, 2013, 04:02:22 AM
Quote from: MoneyCoin on May 06, 2013, 03:54:06 AM
Would stongly advise against using paypal...
Whats wrong with paypal?
I was actually slightly interested but will probably do LTC to BTC
The basic scam is that the buyer disputes the transaction, and they get their money back and they keep the LTC/BTC.
There are some twists to the scenario (such as the buyer paying as a gift), but either way it can end with someone losing their money.
The topic has been discussed a lot. See if you can find threads with more detail.
Paypal gift transactions along with a note saying I will not ask for a refund, can't be disputed.

The issue is complicated and the scammers know the ins and outs better than anyone. That is why people advise against buying or selling coins with Paypal.

Anyway, the easiest way to buy LTC in the U.S. is this: buy BTC using some service like BitInstant or Coinbase. Then buy LTC with the BTC on the BTC-e exchange.