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Board Beginners & Help
Re: any good bitcoin trader accepting PayPal?
by
apsvinet
on 20/04/2014, 14:09:05 UTC
How does he insure he doesnt get scammed?

No idea about that. But he sells Bitcoin in exchange for both Paypal and OKPay. Charges a premium of 17.5% if Paypal is used, and 0% if OKPay is used. That means he expects at least some of the buyers to scam him.


Must be something else to it. I imagine scammers will just take  advantage of this all the time.

Same. Once they find someone accepts paypal it's quickly exploited until they use it no more.
Yup, that's why there's so many people advising you not to use it, bitcoin related trades or not.