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Old 04-07-2017
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Default Will PayPal likely limit an account that spends $20k on bitcoins?

Trying to find a way to withdraw PayPal funds without a bank account...any ideas?
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Old 04-07-2017
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Default Re: Will PayPal likely limit an account that spends $20k on bitcoins?

Try Paxful. I just did PP to BTC via iTunes card on Paxful recently, but I did lose a lot of money via exchange rate in the process. That's just the cost of doing business.
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Old 04-07-2017
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Default Re: Will PayPal likely limit an account that spends $20k on bitcoins?

US paypal withdrawal? Bank account only.

Otherwise - purchases and such.
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Old 04-07-2017
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Default Re: Will PayPal likely limit an account that spends $20k on bitcoins?

Quote:
Originally Posted by rsot View Post
US paypal withdrawal? Bank account only.

Otherwise - purchases and such.
Will eBay or PayPal get suspicious if you're spending all your PayPal balance consistency?
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Old 04-08-2017
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Default Re: Will PayPal likely limit an account that spends $20k on bitcoins?

Quote:
Originally Posted by Sackler View Post
Try Paxful. I just did PP to BTC via iTunes card on Paxful recently, but I did lose a lot of money via exchange rate in the process. That's just the cost of doing business.
Where did you buy itune gift card?
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Old 04-08-2017
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Default Re: Will PayPal likely limit an account that spends $20k on bitcoins?

Quote:
Originally Posted by Gooogle View Post
Will eBay or PayPal get suspicious if you're spending all your PayPal balance consistency?
Tough to say anything is 100% but if you leave a balance (I usually leave 3-5x the average sale) and spend consistantly, you should be ok
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Old 04-09-2017
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Default Re: Will PayPal likely limit an account that spends $20k on bitcoins?

Will PP limit an account that spends 20K on bitcoins?

How high is the moon?

Not enough info to answer intelligently, but, I'm thinking yeah, darn right they will, instantly.

Why can't you get a bank account?
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Old 04-13-2017
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Default Re: Will PayPal likely limit an account that spends $20k on bitcoins?

Quote:
Originally Posted by Conductor View Post
Where did you buy itune gift card?
https://www.paypal-gifts.com/us/itunes.html

It's not just itunes btw. You can use a variety of giftcards and methods to buy BTC. It's pretty legit. Your payment is held in escrow as well and release very quickly. I would take time and really study the Paxful site. It's an underrated withdrawal method imo.
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Old 04-13-2017
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Default Re: Will PayPal likely limit an account that spends $20k on bitcoins?

Quote:
Originally Posted by dallis View Post
Will PP limit an account that spends 20K on bitcoins?

How high is the moon?

Not enough info to answer intelligently, but, I'm thinking yeah, darn right they will, instantly.

Why can't you get a bank account?
Hit and miss - paypal will know you are purchasing digital things so..that's the risk.

OP never addressed why he/she can't get a bank account so that remains to be understood
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Old 04-13-2017
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Default Re: Will PayPal likely limit an account that spends $20k on bitcoins?

Quote:
Originally Posted by Gooogle View Post
Trying to find a way to withdraw PayPal funds without a bank account...any ideas?
First thing to ask really is why can you not just use a bank account?

Getting funds out without a bank account is possible, but its not easy. You will struggle to find someone who is willing to sell you BitCoin in exchange for PayPal for $100 let alone $20,000
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Old 04-14-2017
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Default Re: Will PayPal likely limit an account that spends $20k on bitcoins?

I suspect any 20K transaction is going to get some degree of scrutiny, don't you?
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Old 04-15-2017
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Default Re: Will PayPal likely limit an account that spends $20k on bitcoins?

Pretty sure OP didn't mean 20k in one single transaction.
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Old 04-15-2017
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Default Re: Will PayPal likely limit an account that spends $20k on bitcoins?

buy a car on ebay and then sell it
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Old 04-15-2017
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Default Re: Will PayPal likely limit an account that spends $20k on bitcoins?

One way you can do to cash out is find a trustworthy friend with BTC and gradually unload your PP money to him.
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