Hello everybody,
I am from India and as you people might know that India has banned crypto lately. I won't get deeply into it since I don't want to spread any kind of FUD. All I want to know is whether paypal is a good option to get $ in exchange of BTC. I have come across incidents where fraud people used to reverse the amount they sent to the other people. Thus by getting their BTC and the amount they sent to that person, they use to scam others. What are the counter measures for this ?
Is there any feasible solution to use paypal for exchanging BTC or is there any other method apart from paypal so that I can exchange my BTC.
I think paypal is good because it would be easy for me to convert $ to INR .
Don't give me the following shit ideas.
Contact a local seller.
Use Indian exchange.
Find an exchange that supports your fiat currency. ( I dont need a direct BTC/Fiat exchange )
Most of the service who offers BTC to PayPal are scam.
PayPal is reversible. BTC not.
I will not make a list of legit/scam. But I can tell you the easiest way to do it on your own, without even paying 20% margin on that.
1. Just choose some site who is offering BTC Virtual Visa. Use the search function.
2. Register and make yourself a Virtual VISA (0-$2).
3. Deposit funds there
4. Upload the funds with the Virtual VISA into PayPal.
And you are done.