Before Trading READ THIS

[Theo Goodman]

Before you trade for any crypto currencies you need to think about a few things.

First of all PAYPAL is REVERSIBLE
BITCOIN or other CRYPTO is NOT REVERSIBLE
There is no company, court or person that can get you your coins back once they are sent.
Remember once you send coins, they are gone.

In general paypal and crypto do not go well together because you can always reverse the paypal transaction.


It is a good idea to use ESCROW

 

[kesavan]

Yes i agree, using paypal is very risky.

 

[Mr.Natwarlal]

In India, members can not keep their money in Paypal account (not even a penny) because of Reserve Bank's rule (Central bank of India)..

So after receiving money, it is advisable to Indian Paypal users to withdraw their money in bank account immediately, so that it won't remain reversible.. (it is auto withdrawn in couple of days)

USD to INR conversion rate is based on the time of receiving the payment in Paypal account and not on time of receiving in bank account..

 

[Theo Goodman]

cool tip, I dont know exactly if anything is going to change now that paypal is accepting bitcoin in the paypal payment hub, we will have to wait and see.