How to buy Bitcoin ?

Moderator: kyletorpey

How to buy Bitcoin ?

by sofy » Thu Apr 17, 2014 1:14 pm

How can I buy Bitcoin via a Credit Card or Paypal?
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Joined: Thu Apr 17, 2014 5:27 am

Re: How to buy Bitcoin ?

by kyletorpey » Sat May 24, 2014 12:17 am

Although it is technically possible to purchase bitcoins with credit cards or PayPal, it is definitely not a recommended option. The main issue with PayPal and credit card transactions is that they're reversable. This is a problem when it comes to trading bitcoins because Bitcoin transactions are actually not reversable. This leads to a lot of fraud when it comes to PayPal/Bitcoin transfers. In most cases, the person sending PayPal for Bitcoin will eventually put in a claim of fraud at PayPal, and then PayPal will take the money from the Bitcoin seller and give it back to the PayPal user. The end result is that the PayPal users keeps their money and also gets bitcoins while the Bitcoin user is left with nothing.
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