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I just had a wild hair and searched for Bitcoin on Ebay and there were a lot of listings. From what I understand, Bitcoin is not covered by PayPal buyer protection.
The only ones I would even consider buying are the small increment Bitcoin, but they are selling them for twice their market value. Why would someone by $5 worth of Bitcoin on Ebay for $10? They are selling them too.
As long as the seller rating is good, it’s probably a safe transactio, albeit a bad deal.
Think about it from the perspective of an eBay seller. Assuming they are legitimate, they are looking to trade an irrevocable asset for PayPal Bucks™. At any time and for any reason, PayPal can seize the funds from the seller, leaving them with no recourse, as bitcoin can not be seized in the same manner.
I bought a Bitcoin on eBay using Paypal, the seller didn’t send the Bitcoin and even admitted that they didn’t send the Bitcoin. Through a few posts I saw here and there, I was lead to believe that the seller was taking most of the risk if I paid by Paypal. But this is not the case.
I’m posting this as a warning to people buying Bitcoin with eBay/Paypal that no you’re not covered and the seller isn’t taking all the risk.
Thank you for contacting PayPal regarding an item that you haven’t received.
I have reviewed your account, and I understand from your email that your buyer has said that your seller hasn’t sent the item to you and you opened a claim.
We completed our investigation for your claim. Unfortunately, PayPal Buyer Protection does not cover this claim.
Fuck did you crawl out from under a rock this is the internet people do what the fuck they want
The main problem with buying a wallet from someone is : how are you sure no one knows the key ?
I tried this once.
But its a very bad idea.
People (Buyers) just get off cracked Paypal accounts off DarkNet and buy the Bitcoins on eBay at any premium price you sell it for.
So it was 2013 or so, and neither eBay nor PayPal had figured this shit out yet. I found that folks would pay around a 20% premium to buy coins on eBay, as opposed to learning the right way. So I dove in.
I’d buy a Bitcoin, and then sell it by the tenths.
I was so pleased with myself.
Now, you see it coming…if I’d have HODL’ed all of those bitches…I’d fucking own eBay right now.
I remember when people were paying $20 on ebay and you could buy them for $10 on Mt. Gox lol
But would you have bought BTC if you weren’t going to sell it on ebay? Sounds like you were only buying it to sell on ebay, so if you weren’t selling it on ebay you wouldn’t have bought it
Bought my first Bitcoin @ $129.
To some, there’s jealousy.
To others, there’s laughter!
I was selling BTC on eBay in 2014.
Got scammed by about 1/3 of the buyers and stopped.
If you ever wonder why people don’t offer PayPal for bitcoin services on sites like eBay, this is one of the reasons why.
I had a listing for bitcoin on the site and this woman purchased it on the 7th. What I do in my listing is send a physical code to the buyers address to confirm they’re the account owners which they can then redeem for the bitcoin. This whole process really doesn’t take that long, a mere 3-6 days where comparable exchanges can take a week or longer.
But anyway, this woman immediately starts messaging me that she wants it immediately so offers to provide her ID to confirm she’s the account owner. I accept this and get potato quality photos which doesn’t confirm anything so I ask her to retake them. Eventually after complaining a bunch she sends it and I release the coins on the 8th.
It seems like Bitcoin is everywhere these days, the virtual currency that didn’t exist just few years ago is threatening to change the way we buy and sell online, in this post I’m going to explain everything we as online sellers need to know about bitcoin, blockchain and cryptocurrencies.
The real issue with cryptocurrencies such as Bitcoin which most people are concerned with is who accepts it ?
Well for starters, in September of this year, the Japanese government decided to accept Bitcoin as legal tender. This fact along with the fact that many banks and other players in the financial industry are beginning to support bitcoin is spilling over into the field of ecommerce. It is really a chicken and egg situation since the more and larger the marketplace that uses Bitcoin the more the financial industry views it as safe and stable and vice-versa.
The gadgets, platforms, and software that make your digital life possible.
Can you buy and sell digital currency on eBay? Sure you can.
In fact, the popular auction site could eventually become a big player in the trading of dollars and yen and other fiat currencies for bitcoins, the world’s most popular digital currency.
With PayPal under its wing, eBay is registered with state and federal governments as a bona fide money transmitter, and that gives the site a leg up on many of the early Bitcoin exchanges, which were built by independent computer geeks unfamiliar with the world’s rather complicated financial regulations.
The trouble is that selling bitcoins on eBay is sometimes a dicey proposition. EBay doesn’t include tools for verifying digital transactions, so if you send some bitcoins to a buyer via the net and the buyer claims he never received them, eBay will claw back the payment you received. But bitcoins can’t be clawed back.
Despite receiving significant attention in the financial and investment world, many people do not know how to buy the cryptocurrency Bitcoin, but doing so is as simple as signing up for a mobile app. With cryptocurrency back in the news again, now’s a better time than ever to delve into the weeds and learn more about how to invest. Here’s a breakdown of everything you need to know in order to buy bitcoin.
1. Digital Wallet: In order to conduct transactions on the bitcoin network, participants need to run a program called a “wallet.” Bitcoin is not technically “coins,” so it only seems right that a bitcoin wallet would not actually be a wallet.