I noticed this question was posted a long time ago and perhaps things have changed so I took the liberty to dig in again and also aggregate most of the answers given here and here’s what I found:
It’s indeed impossible to buy Bitcoins with Paypal DIRECTLY even today and it's mainly because of Paypal’s TOS (Section 3.7 here) and the issues of chargeback.
First of all, it is likely a violation of PayPal's Acceptable Use Policy as of Oct 2011:
3(h) involve currency exchanges or check cashing businesses
Given this, it's unlikely that PayPal would be amenable to helping at best, and may close your account (and freeze the funds it had for six months) at worst.
Another chief problem is the high likelihood of ...
Bitocin and Litecoin have the same problems when trying to buy them with funding methods that allow chargeback.This is mainly because of Paypal’s TOS (Section 3.7 here) and the fact that your can't chargeback Liteocin since it is considered as cash.
Having said that there are still a few ways you can buy Litecoin with Paypal or a credit card.
Use VirWox to ...
That is not possible. By the decentralized design of Bitcoin, nobody has the ability to "cancel" the coins in an address held by someone else.
I'm sorry you were hacked, but it is almost certainly impossible to recover, block, or trace the funds at this point.
LocalBitcoins.com has person-to-person PayPal trading:
There are also discussion forums where people frequently discuss about PayPal, avoiding fraud there, etc. Here is an example:
The best way to do it is in person, with cash. Most other methods are traceable. Provided you don't live in the middle of nowhere, it's pretty easy to find at least someone nearby who's willing to buy, and if you're serious about anonymity that extra travel distance is probably a minor issue.
As PayPal is not a bank and reserves the right to freeze your account for whatever reason they deem fits them, you should never use PayPal, unless you can afford to lose your money, or are prepared to take them to court and win, should they steal your funds.
While this is not specific to BitCoin per so, it is probably likelier to happen with edge cases that ...
I assume you are asking about how to convert your BTC into GBP.
For small quantity, you can do a direct sales at one of the many bitcoin community forum, such as bitcointalk.org (particularly, the Currency Exchange sub-forum). There is currently an active thread on the forum, where someone is buying large quantity of bitcoin and payment via cash deposit ...
[Update: This exchange method is no longer available.]
a website with the url of http://www.iocoloradocentral.com/ has converted my paypal funds to bitcoins for quite a while now, i have always received the bitcoins :).
Cash. It competes with cash.
All of these things (prepaid accounts, debit cards, bank accounts, money transmitters, etc.) are sophistications built on top of cash in order to facilitate the transfer of cash from one entity to another. It's not easy to carry cash, nor is it safe to keep all of your cash in one place. It's not feasible to give cash to someone ...
Some people are selling bitcoins and receiving PayPal payment on LocalBitcoins.com:
LocalBitcoins is in-person exchange. The problems with PayPal tend to hit the bitcoin seller; because PayPal transfers are reversible and bitcoin transactions are irreversible you must trust the party to whom you are ...
Short answer: No.
Long answer: PayPal does not allow Bitcoin exchange accounts. Bitcoin exchanges pop up like mushrooms these days so a new one might fly under PayPal's radar and get an account going for a while. But it will eventually get shut down.
So trustworthy exchanges won't try to use PayPal, as they know their accounts will be seized. And you ...
Unlike PayPal payments, Bitcoin payments are not reversible. PayPal payments are reversible up to 60 days.
Accepting PayPal payments to pay for bitcoins exposes your service to a stolen credit card fraud and PayPal friendly fraud
The fraudulent buyer makes the payment in PayPal, then the payment is disputed few days after the buyer received the bitcoins. ...
Addresses are intended to be used once, and there are problems with reuse, but it is usually safe to just use the same one repeatedly for donations if you don't have a way to update it easily. However, Bitcoin is still a new technology, so this may change in the future (making reuse stop working) - read the release notes of new versions before you upgrade to ...
A bitcoin ATM. When it asks if you have a wallet, answer negatively to get a paper wallet printed for you. Then load the paper wallet and walk away. After that transaction is confirmed, sweep the paper wallet funds into your own personal wallet. As someone else noted, this is not the cheapest way to do things, but it is safer than meeting someone with cash.
I agree with @nuggetbram, in person is the most practical way.
An alternative is buying from a BTC ATM, for cash. Those tend to charge very high fees, though, and would limit the amount you can buy per transaction (there should be no problem splitting to multiple transactions, though, as each is independently anonymous).
Due to strict anti money ...
If you are selling Bitcoins make sure the buyer is reputable - pick a Sell Bitcoins online advertisement with green thumb.
Please note that the buy price is higher with PayPal, because the sellers price in the risk of doing ...
Bitcoins cannot be "transferred" to any fiat currency or any bank account. If you need to liquidify your bitcoins and you want to get fiat currency in exchange, you can sell your bitcoins in Bitcoin exchanges. Alternative is that you directly spend bitcoins on bought products and services.
If you just want to store your bitcoins you can create your own ...
What might exist is a service that lets you pay for charges with Bitcoin and then the recipient gets to withdraw the proceeds of the sale using PayPal. So you would simply need to sell to yourself.
For example, I see that Fiverr accepts BItcoin for payment: http://blog.fiverr.com/fiverr-now-accepting-bitcoins and I believe they offer withdrawal via PayPal ...
There's nothing out there that does this but it would not be a hard thing to create. It's a relatively simple process:
set up payment for xBTC with a specific address to which to send the payment
when the payment arrives create a new transaction that sends some of the coin to an address owned by you and some on to the store owner's address
All of the ...
I had an awful time when I was paid bitcoins from a new international employer instead of USD. But after I figured it all out its pretty easy however converting it was expensive so I'm trying to find a different converter but here's how you do it.
Go to bitstamp.net, open up a free account and buy your bitcoins from your wallet. Its free.
Go to ...
I would not recommend using Paypal for any transaction involving Bitcoins. Many in the community have been scammed and PayPal still considers Bitcoins to be the same as ISK or WoW Gold. Instead for your transactions, I would recommend Bitpay and Dwolla.
It competes with a whole bunch of things, but the most important ones imo are:
national currencies (USD, AUD etc)
electronic payment methods (paypal, credit cards etc)
commodities (gold, silver etc)
Taking a quick look here: https://en.bitcoin.it/wiki/Selling_bitcoins reveals that BTC-E is capable of doing PayPal withdrawals.
I'm not sure how closely it meets your requirements, and PayPal clearly requires you to provide personally identifiable information, but it could be helpful.
You should NEVER use Pay Pal. As other readers have noted, they do what the danged well want to do.
And if they make a mistake, which happens regularly, they will NEVER admit their mistake and give you your money back. Plain pure and simple! I know.
So using Pay Pal is an invite to lose your money. It has happened to 100's of thousands including me.
On Jul 14 2012 at 10:13 Abhishek M. wrote "I want to know all the options available for converting these earned Bitcoins to Paypal USD."
There are nine different bitcoin debit cards available on the first 10 results when you Google 'bitcoin debit cards':
ANXBTC.com says "let your Bitcoins do everything ...