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/biz/ - Business & Finance

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4817255 No.4817255 [Reply] [Original]

>go to localbitcoins
>sell them to seller for PayPal money

Is there any problem with this plan? What's with the "can't cash out" meme?

>> No.4817277

>get sting-opped and shot
(if you’re in the US)

>> No.4817280

EKSDEE??

>> No.4817334

>>4817277
How is it a crime? It's only around $700 worth.

>> No.4817370

>>4817255
if you love your money , NEVER sell for paypal to strangers, it is so easy for them to file a dispute to paypal and take their money back while your btc is long gone

>> No.4817389

>>4817255
Why can't you just cash out where you cashed in?

>> No.4817452

>>4817389
The bank account I used with coinbase has been closed.
>>4817370
But what if it's a reputable trader? There are several buyers with thousands of transactions and good ratings.

>> No.4817477

>>4817452
if they have a good records with many transactions you are probably safe

>> No.4817528
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4817528

>>4817477
Glad to hear.

>> No.4817857
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4817857

>>4817452
That's weird. Why can't you just make another account on coinbase and link it to another bank account?

>> No.4817917

Stay away from paypal. It is scammers paradise.

>> No.4817937

I don't recommend using Paypal with Localbitcoins, I've heard some horror stories.

Paypal giving you negative balance when if the buyer says that it wasn't a valid transaction. If you're are going to do it anyways just be careful

>> No.4818093

Never sell bitcoin for Paypal. Their TOS specifically states virtual currency is not protected and a seller can always claim you didn't deliver. then you got no bitcoin and no money. not worth the risk.

>> No.4818302

>>4818093
What would you recommend instead? Is Venmo good, or is a bank transfer the only reliable way?