Hi
I want to buy BTC with Paypal. Before you wonder, yes I just created this account to do this, as I failed to find anything to do that in the internet. This is my last hope to achieve that.
I am aware of the risk that a seller has to take. Therefore I suggest to hold the BTC on a 2/3 multisig address until the Paypal charge back period (181 days) is over. We find a reputable third signer on this forum (
https://bitcointalk.org/index.php?topic=3648604) who might step in in case of a dispute. To mitigate the risk of me charging back in case of a rate change, I will also fund the multisig wallet with a deposit. I'm planing to have a long term partnership in the region of 3000$/181days. Also I gave a reputable forum member more detail about my backstory, See
https://bitcointalk.org/index.php?topic=3643378.msg36993786#msg36993786
The process1. We agree on a price for your BTC which consists of the current GDAX rate plus your commission
2. We exchange our public keys for the new multisig wallet for this transaction (can be reused for follow up transactions)
3. I fund our shared wallet with a deposit which matches 100% of the agreed BTC from 1)
4. You fund our shared wallet with the agreed BTC from 1).
5. I send the agreed USD from 1) to you via Paypal
6. After the chargeback period (181 days) you will sign a partially signed transaction which I gave you before hand.
We both know that the rate might have changed drastically when 6) happens. There will be no discussions about the rate after we agreed on that in 1). In case of a dispute we might have the third signer of the 2/3 multisig address to step in.