Quote from: warningsigns on January 13, 2018, 12:19:42 AM

Quote from: AaldersT on January 12, 2018, 02:05:18 PM

Note:I am not entirely sure if this is the right place to ask, but I'll give it a try.

Today I started buying and selling BTC on PaxFul. I also found out that non-verified accounts were almost unfindable when looking to buy/sell Bitcoin, and you have to get 50 trades before you can verify yourself. Sad

My question was; if anybody is looking to buy Bitcoin with PayPal or sell Bitcoin for PayPal, take a look and maybe help me out a bit

Thanks!

If you genuinely have bitcoins for sale, be aware of the risks when accepting PayPal as payment method. It is reversible up to 180 days. Scammers exploit this generous time window to dispute or request a chargeback days, weeks or even months later.

You should also know that escrow cannot protect you if you take PayPal payments. That's because the risk of payment being reversed later defeats the core purpose of using escrow which is to protect both seller and buyer from scamming each other.

If you posted this with a faint hope of perhaps convincing people here to send you PayPal first (coins to follow later) none of the trusted traders here will do such a thing.

PayPal is best avoided when trading bitcoins, especially if the trade is between new members here. Scams are rife when PayPal is involved.

Thanks for the heads up.

I already experienced it once. PayPal closed the case in my favor, after calling for 50 minutes and sending loads of proof. PaxFul also released his phone number and IP address, that scared him a bit

Currently, I ask for ID verification including a selfie with the ID. I think this scares the scammers at least a little bit.

I have made more successful than unsuccessful trades right now, as long as it stays that way I'll keep selling with PayPal.

Anyway, thanks again!