Isn't the risk of buying bitcoins with paypal the same risk as buying anything else with paypal? What is considered to be the safest way to do this other than going to someone in person and making sure you get the cash in hand?
It's not the risk of
buying bitcoins with paypal - it's the risk of
selling bitcoins for paypal. Example: you sell me 1 bitcoin and I buy it by paying you $100 thru paypal. Once I receive the bitcoin from you I file a dispute on paypal. Paypal reverses the transaction and gives me back my $100. Now I have 1 Bitcoin I didn't have to start with, and my $100 in my paypal account. You on the other hand have lost 1 bitcoin and have no additional money in paypal.
Well you do have some point there, been there before..Actually there are still a lot of scammers that do this trick.. However, I think you cant try to bypass these dispute. I think I heard that there are specific days in which the sender of the money in Paypal can file disputes. But you would be so lucky if they would do it..lol.. Thanks for this information mate.. It do help a lot in understanding how risky Paypal is.