Dec 30, 2018 01:50 PM
(This post was last modified: Dec 30, 2018 01:50 PM by lekumadeskre.)
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
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


