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+---- Thread: Sell Bitcoin With paypal : Its easy but can lead to troubles (/showthread.php?tid=5924242)
Sell Bitcoin With paypal : Its easy but can lead to troubles - lekumadeskre - Dec 30, 2018
Hello, sell bitcoin for paypal can bring a lot of profit but I have some concerns about this method :
1) Can you be accused / sued for money laundering ? sell Bitcoin for paypal can be assimilate to that no ?
2) If I cashout the money to my bank account in order to buy some bitcoin, my bank will probably ask me question, I may even have to pay taxes
3) Using paypal stealth account doesnt resolve the issue, you will have to cashout to a bank account in order to buy more btc for a lower rate and repeat... , paypal doesnt work with virtual bank account
The only thing you can do after a sale, is to buy BTC with your paypal for a 1:1 rate, its impossible , nobody will accept this rate...
Also there are a lot of chargeback
RE: Sell Bitcoin With paypal : Its easy but can lead to troubles - isu - Dec 30, 2018
1. In most cases no. This is why you request ID for bigger trades.
2. From my experience, my bank has never asked me about my source of money and there "flows" around 2k monthly.
3. Higher risk - higher reward.
You can do smaller trades here, and if you want to make bigger trades, go to PBC or Paxful and request IDs so you can win unauthorized chargeback.