Silk Road forums

Discussion => Security => Topic started by: bynter on June 20, 2012, 11:50 am

Title: How to turn Paypal into Bitcoins?
Post by: bynter on June 20, 2012, 11:50 am
So I was thinking I'd buy one of paypal accounts some of the vendors you see on the hidden wiki sell. Once I got the paypal, I could use the money to turn it into more bitcoins. Only problem is, how do i go about doing that? A check or bank account wouldn't work for obvious reasons, and the first time I log into it, I imagine Im going to have about 2 days to get what I can from it before it gets shut down. I imagine transferring it straight into my legit paypal account would get me caught too. So to me, it seems there's three ways of laundering and withdrawing the money: buy as much stuff as possible with it on ebay, have it mailed to a nearby unihabited house; transfer it into online gaming anonymous currency; or get it turned straight into payapl. Could anyone be of help helping me with the last two methods?
Title: Re: How to turn Paypal into Bitcoins?
Post by: MockFrog on June 20, 2012, 12:18 pm
So I was thinking I'd buy one of paypal accounts some of the vendors you see on the hidden wiki sell. Once I got the paypal, I could use the money to turn it into more bitcoins. Only problem is, how do i go about doing that? A check or bank account wouldn't work for obvious reasons, and the first time I log into it, I imagine Im going to have about 2 days to get what I can from it before it gets shut down. I imagine transferring it straight into my legit paypal account would get me caught too. So to me, it seems there's three ways of laundering and withdrawing the money: buy as much stuff as possible with it on ebay, have it mailed to a nearby unihabited house; transfer it into online gaming anonymous currency; or get it turned straight into payapl. Could anyone be of help helping me with the last two methods?
Why go through all those contortions when you can get bitcoins easy and anony,ously? That's just stupid. And you're going to pay moeny to some shady operator for a zero balance paypal account?

Christ, man, just go to a bank and deposit money anonymously into a BTC service like get-bitcoin.com, and you're set.

MockFrog
Title: Re: How to turn Paypal into Bitcoins?
Post by: vlad1m1r on June 20, 2012, 06:35 pm
So I was thinking I'd buy one of paypal accounts some of the vendors you see on the hidden wiki sell. Once I got the paypal, I could use the money to turn it into more bitcoins. Only problem is, how do i go about doing that? A check or bank account wouldn't work for obvious reasons, and the first time I log into it, I imagine Im going to have about 2 days to get what I can from it before it gets shut down. I imagine transferring it straight into my legit paypal account would get me caught too. So to me, it seems there's three ways of laundering and withdrawing the money: buy as much stuff as possible with it on ebay, have it mailed to a nearby unihabited house; transfer it into online gaming anonymous currency; or get it turned straight into payapl. Could anyone be of help helping me with the last two methods?
Why go through all those contortions when you can get bitcoins easy and anony,ously? That's just stupid. And you're going to pay moeny to some shady operator for a zero balance paypal account?

Christ, man, just go to a bank and deposit money anonymously into a BTC service like get-bitcoin.com, and you're set.

MockFrog


Well said Mockfrog - what is it you want to do exactly buddy? If you just want to buy Bitcoins you can do this with cash. If you need to cash out i.e receive cash in the mail in exchange for Bitcoins there are many Bitcoin traders (myself included) who would be happy to help.

V.

Title: Re: How to turn Paypal into Bitcoins?
Post by: wakannabi on June 20, 2012, 06:52 pm
if you are thinking about fucking around with paypal you might just go directly to the nearest leo station..
Title: Re: How to turn Paypal into Bitcoins?
Post by: JimPooley on June 21, 2012, 12:33 am
if you are thinking about fucking around with paypal you might just go directly to the nearest leo station..

ALMOST word for word what I was going to say! Though, the words dumbshit, fucking idiot, wank stain and felafel would have been in there somewhere!
Title: Re: How to turn Paypal into Bitcoins?
Post by: bynter on June 22, 2012, 09:40 pm
Whadda bout this idea?: Using the stolen paypal to buy amazon gift card codes on ebay, then sell the giftcards to a site that sends you a check for 92% of the card's value.
Title: Re: How to turn Paypal into Bitcoins?
Post by: afflictedlife on June 22, 2012, 10:19 pm
https://bitcointalk.org/?topic=7080.0
could be helpful?
Title: Re: How to turn Paypal into Bitcoins?
Post by: dupl3x3r on June 22, 2012, 10:21 pm
I think you're missing the point. It's not worth the risk you're taking whether it be getting caught by the authorities or in buying an account with a zero balance.  If you really want to go through with it, you could theoretically buy Linden dollars on VirWoX then convert them into BTC, but there is a 48 hour delay on cash out when you buy BTC with money from Paypal.
Title: Re: How to turn Paypal into Bitcoins?
Post by: realXimpact on June 23, 2012, 01:01 pm
-blink- Settle down, guys. :D

I've been a seller on eBay (all legit, and PayPal is too) since January and I just recently obtained the PayPal debit/credit card. I just take out cash from any ATM or debit cash out from a grocery store without using any 'membership card' ... Then take the cash and rock out your average, anonymous get-bitcoin/bitinstant deposit. If you have a legit PayPal account, apply for the card. Only the most paranoid would think that this method is insecure. If I had a normal job with direct deposit into what would have to be a legit bank account, I'd just be taking cash out of that bank's ATM. Basically the same liability, which I consider nearly zero.

If you have eBay accounts anyway, just do one big fake sale, mark it shipped, eat the selling fees, and pay yourself that way. Doing anymore is just making more work for yourself without making it more anonymous. PayPal is not a good way to directly obtain BitCoins, just don't do it. Ever. That's really the only thing you have to worry about, I heard that's the only reason The Farmer's Market or whatever got owned, tons of PayPal transactions. Ugh.
Title: Re: How to turn Paypal into Bitcoins?
Post by: DomesticShrooms on June 23, 2012, 08:30 pm
Paypal payments are easy as hell to reverse. Bitcoins, not so much......
Title: Re: How to turn Paypal into Bitcoins?
Post by: nomad bloodbath on June 23, 2012, 09:33 pm
Just go ahead and make Geddy Lee your avatar for the forums.
Title: Re: How to turn Paypal into Bitcoins?
Post by: shock1171 on June 23, 2012, 09:51 pm
have fun scamming, being scammed, or getting caught.

paypal is nothing but trouble.
Title: Re: How to turn Paypal into Bitcoins?
Post by: MockFrog on June 23, 2012, 11:00 pm
have fun scamming, being scammed, or getting caught.

paypal is nothing but trouble.
What he's planning would never work, it's like holding a rattlesnake by the tail. Obsessive thinking about how to get out of doing something simple by trying to follow ridiculous Rube Goldberg like mechanisms.

MockFrog
Title: Re: How to turn Paypal into Bitcoins?
Post by: NeutronMan on June 24, 2012, 02:11 pm
have fun scamming, being scammed, or getting caught.

paypal is nothing but trouble.
What he's planning would never work, it's like holding a rattlesnake by the tail. Obsessive thinking about how to get out of doing something simple by trying to follow ridiculous Rube Goldberg like mechanisms.

MockFrog
Absotively right.

NM
Title: Re: How to turn Paypal into Bitcoins?
Post by: BenCousins on June 24, 2012, 05:04 pm
If people really have access to paypal accounts with money in they would them why would they sell them for a price less then whats in them? does not seem economically viable