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So, I took time to write another guide. This one is why choose bitcoin over paypal. I will say what I know and how I used and what happens to me.
Pros:
- Anonymous (but not untraceable)
- You cant chargeback after the money get the confirmations.
- Less taxes than paypal (if any)
- You can use it even to buy stuff in real life, especially food. Also the deep web only takes cryptocoins.
Cons:
- Confirmations might take a while.
- Wallet taxes.
So you might been wondering after all of this, is it really worth it? And the answer is yes. Lets say you dont trust this guy, but he pays you in btc. After the money is confirmed, that is it. He cant chargeback you.
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:
If you are not feeling like trading that way, you may visit any blackhat community or whitehat and exchange your btc with someone trusted. NOTE: As I said after you sent the btc and it is confirmed, you cant charge back so be careful who you trade with not to get scammed!
How do confirmations work? What is double spend?
Those two guides are simple and amazing. You might check the wiki for more stuff.
Which wallet do I choose?
The main ones have taxes, but I will leave some below:
If you are experienced/looking for something safer, use:
If any more questions I will try to answer it for you. Google is your friend aswell. Start using btc today!
Pros:
- Anonymous (but not untraceable)
- You cant chargeback after the money get the confirmations.
- Less taxes than paypal (if any)
- You can use it even to buy stuff in real life, especially food. Also the deep web only takes cryptocoins.
Cons:
- Confirmations might take a while.
- Wallet taxes.
So you might been wondering after all of this, is it really worth it? And the answer is yes. Lets say you dont trust this guy, but he pays you in btc. After the money is confirmed, that is it. He cant chargeback you.
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:
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paxful.com
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localbitcoins.com
How do confirmations work? What is double spend?
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en.bitcoin.it
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en.bitcoin.it
Which wallet do I choose?
The main ones have taxes, but I will leave some below:
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coinbase.com
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blockchain.info
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cryptopay.me
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electrum.org