OP06-29-2017, 03:13 PM
(This post was last modified: 06-29-2017, 03:15 PM by K33P0.)
So, I took time to write this guide. This one is why choose bitcoin over paypal. Just some basic information that I know of and benefits me.
Pros:
- Anonymous, but it is not UNTRACEABLE.
- You cant get chargedback.
- Less taxes than paypal, still have transaction fees.
- You can use it even to buy stuff in real life, especially food. If you are looking to buy something on the deep web, you will not find the option to pay with Paypal.
Cons:
- Confirmations might take a while, especially when blocks take a while to be mined.
- Wallet taxes, which are $0.5-$2.5/transaction (normally).
- You cant chargeback/dispute if you get scammed after paying in bitcoin.
So you might been wondering after all of this, is it really worth it? And the answer is yes. It makes deals so much easier. After the money is confirmed, zero hassles, zero problems. That money is yours and only yours.
But how can I exchange my paypal <-> bitcoin?
Well, glad you asked. The big deal is that you can exchange YOUR bitcoin to SOMEONE ELSE's paypal and charge a rate, for example lets say 10% (what I use). If you have $100 btc you will receive $110 pp and than you may transfer to your bank. If you are not scared of filling some real information, use:
https://paxful.com/
https://localbitcoins.com/
You may also use online forums like this one and exchange with trusted members. Note: It is better to use a MM for any deal, I recommend.
How do confirmations work? What is double spend?
https://en.bitcoin.i...ki/Confirmation
https://en.bitcoin.i...Double-spending
Those two guides are simple and amazing. You might check the wiki for more stuff.
Which wallet do I choose?
I will list some of the most known ones.
http://coinbase.com/
https://blockchain.info/
https://wallet.btc.com/
If you are experienced/looking for something safer, use:
https://electrum.org/#home
If any more questions I will try to answer it for you. Google is your friend aswell. Start using btc today!
Note: This apply to more cryptocurrencies in general, this might be a shit guide but it is good for people that have zero knowledge. I might do more in-depth guides if anybody wants. Let me know feedback below :)
Pros:
- Anonymous, but it is not UNTRACEABLE.
- You cant get chargedback.
- Less taxes than paypal, still have transaction fees.
- You can use it even to buy stuff in real life, especially food. If you are looking to buy something on the deep web, you will not find the option to pay with Paypal.
Cons:
- Confirmations might take a while, especially when blocks take a while to be mined.
- Wallet taxes, which are $0.5-$2.5/transaction (normally).
- You cant chargeback/dispute if you get scammed after paying in bitcoin.
So you might been wondering after all of this, is it really worth it? And the answer is yes. It makes deals so much easier. After the money is confirmed, zero hassles, zero problems. That money is yours and only yours.
But how can I exchange my paypal <-> bitcoin?
Well, glad you asked. The big deal is that you can exchange YOUR bitcoin to SOMEONE ELSE's paypal and charge a rate, for example lets say 10% (what I use). If you have $100 btc you will receive $110 pp and than you may transfer to your bank. If you are not scared of filling some real information, use:
https://paxful.com/
https://localbitcoins.com/
You may also use online forums like this one and exchange with trusted members. Note: It is better to use a MM for any deal, I recommend.
How do confirmations work? What is double spend?
https://en.bitcoin.i...ki/Confirmation
https://en.bitcoin.i...Double-spending
Those two guides are simple and amazing. You might check the wiki for more stuff.
Which wallet do I choose?
I will list some of the most known ones.
http://coinbase.com/
https://blockchain.info/
https://wallet.btc.com/
If you are experienced/looking for something safer, use:
https://electrum.org/#home
If any more questions I will try to answer it for you. Google is your friend aswell. Start using btc today!
Note: This apply to more cryptocurrencies in general, this might be a shit guide but it is good for people that have zero knowledge. I might do more in-depth guides if anybody wants. Let me know feedback below :)
