Crypto has been a wild ride. It is hard to keep up with it all. The purpose of this blog is to make it easier for you to stay up to date with the best strategies for buying crypto with your credit card without getting scammed.
In this article, I will cover three different ways to buy crypto from a credit card without getting scammed.
So I got this email. It was a bit confusing, but it seemed that the author had found a way to buy crypto with PayPal and then transfer it to another exchange where he could trade it for USD.
I checked the source code and quickly figured out the scam: When you buy crypto with PayPal, your PayPal account is tied to your credit card, so the seller can’t withdraw any money from your credit card without your permission. Therefore, if you want to buy crypto with PayPal, you need to split your purchase among several different cards. If you’re buying $1,000 worth of Bitcoin on Coinbase, for example, you should have one card linked to $500 worth of Bitcoin and another card linked to $500 worth of Ethereum. The seller can then send the Bitcoins from the Bitcoin card and the Ethereum from the Ethereum card back to the seller’s own wallet. Then he can withdraw both those cryptocurrencies and sell them at whatever price he wants in exchange for USD. Then he sends only USD back to your PayPal account.
The scammer is selling $1,000 worth of BTC for $900 worth of ETH at a 15% loss on each transaction (15% fee). That’s an overall loss of 15% on an initial investment of $1,000
A year or so ago, I discovered a blog by someone who claimed to have successfully bought cryptocurrencies with PayPal. It was called “Can I Buy Bitcoins With PayPal?,” and the writer started by saying “I’ve been using PayPal to buy bitcoins for years, and now I’m going to share with you how I do it.”
This blog did not last long. But because of its existence, some people are now wary of buying bitcoin with PayPal. They know that if their method fails, they can blame PayPal. If it works, they can’t.
A little more than a year later I found the same blog again. This time the writer had changed his name to “crypto_buddha” but otherwise hadn’t altered a thing. It said: “The problem is that there are three ways that a buyer can be scammed.” The first was through receiving old BTC (Bitcoin) before it hit the exchanges, as happened to me. The second was through using exchanges which were hacked or otherwise went out of business. The last was through using an exchange which refused to give you your money back after the Bitcoins were transferred.”
This time the blog thanked everyone who’d read it in the past and explained that it would be stopping posting because the writer’s
The 3 scams are: Fake sites that say to buy with Paypal.
Hacked websites in which you enter your Paypal login information and they steal your money.
Fake sites that say to buy with Paypal, but the price is too high compared to the current market price, so you don’t know if you’re getting scammed or not.
At the bottom of this page there’s a link to a list of fake sites you can use to see if they’re legit before giving them your credit card information.
Wondering how to buy bitcoin with Paypal? Here you can find 3 ways to buy Bitcoin with PayPal safely.
The first method is making a Coinbase account, and transfer your funds from Coinbase to your personal wallet. You can also transfer through an exchange like Poloniex or Kraken, or you can use a wire service like Western Union.
The second method is using a bit of trick on your PayPal account. By setting up a fake email address, which will be used for depositing funds to your PayPal account, you can avoid having fees charged by the payment processor. And if you want to transfer $500 or more, you must use this direct deposit in order to avoid fees.
The third method is using a VPN service provider like AirVPN or ExpressVPN and buying online using a credit card.
The first way is not legal. But it is a very easy and simple way to buy Bitcoin.
The second method involves sending your money to a private address that is connected to a company (usually in Romania). You pay the company for Bitcoin and you are able to sell it immediately.
It is very easy and simple, and it is completely legal. It is also very safe because if you follow the instructions exactly, you will not lose any money.
Bitcoin is a digital currency that is generated by people running powerful computers to solve difficult mathematical problems. It’s a lot like gold, except that it has no value at all, and you can’t use it to make tea.
Bitcoin has been around for about ten years, but until recently it was only used by a tiny minority of computer experts in places such as China and Venezuela. Its price rocketed from around $13 at its launch to nearly $20,000 at the start of 2017. But then the price fell back to around $6,000.
Many people thought this was just an ordinary bull market correction; if you had bought when Bitcoin was first worth nothing, you would have made something like 20 times your money. But others knew better. They knew what was going on.