Welcome to Bitcoin Traders

PayPal is one of the most commonly used methods for exchanging money online, but it presents a number of problems when used for Bitcoin Exchanges. On top of using PayPal for currency exchange being against PayPal’s TOS which could get your account banned, every transaction runs the risk of being charged back. There are a number of things you can do to minimize risk, but nothing completely negates it.

Important rules to follow when dealing with bitcoins.

- Avoid dealing with an unverified PayPal.
- Never deal with users who pay from multiple PayPal accounts.
- Avoid sending your money first if at all possible.

The main issue with selling bitcoins for PayPal (aside from the TOS violations) is that a PayPal transaction can be disputed, but a bitcoin transaction can’t.

Underage people usually exchange for paypal because they cannot cash out because of a bank account or etc... Also buying BTC might cause issues because you need to be older than 18 to have a wallet on most sites.


Where to buy Bitcoin?

- www.coinbase.com
Buy Limit: $10,000/Day ($1000/week instantly available)
Sell Limit: $50,000/Day

- www.localbitcoins.com - Some of these people accept PayPal.
Buy Limit: Unlimited
Sell Limit: Unlimited

- www.circle.com
Fees: 0% Bank, ~3% Credit Cards (plus cash advancement fees)
Buy Limit: $3,000/week ($2,500 bank, $500 credit card)
Sell Limit: $6,000/week

- www.BTC-E.com
Fees: 0.2%
Buy Limit: Unlimited
Sell Limit: Unlimited